The Zacks Analyst Blog Highlights: AutoNation, Ford Motor, Toyota Motor, Honda
Motor and L-3 Communications Holdings
CHICAGO, Feb. 7, 2013
CHICAGO, Feb. 7, 2013 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include AutoNation Inc. (NYSE:AN), Ford
Motor Co. (NYSE:F), Toyota Motor Corp. (NYSE:TM), Honda Motor Co. (NYSE:HMC)
and L-3 Communications Holdings Inc. (NYSE:LLL).
Get the most recent insight from Zacks Equity Research with the free Profit
from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday's Analyst Blog:
AutoNation Sales Up 22% in January
Fort Lauderdale, Florida-based automotive retailer AutoNation Inc. (NYSE:AN)
posted a 22% year-over-year increase in retail new vehicle unit sales to
19,402 vehicles in Jan 2013. The rise was attributable to strong sales across
all the segments. On a same-store basis, retail new vehicle sales went up 18%
to 18,891 units.
Sales in the Domestic segment jumped 26% to 6,159 vehicles. The segment
comprises retail automotive franchises that sell vehicles manufactured by
Ford Motor Co.
), Chrysler and others.
Sales in the Import segment escalated 18% to 9,388 vehicles. The segment
covers retail automotive franchises that sell vehicles manufactured by Toyota
Motor Corp. (NYSE:TM), Honda Motor Co. (NYSE:HMC) and others.
Sales in the Premium Luxury segment surged 24% to 3,855 vehicles during the
month. The segment consists of retail automotive franchises selling vehicles
manufactured by Mercedes Benz, BMW, Lexus and others.
On daily selling rate basis, the company's retail new vehicle unit sales
increased 17% last month, which had 25 selling days compared with 24 selling
days a year ago.
Auto sales in the U.S. went up 14.2% to 1.04 million vehicles in January,
resulting in a seasonally adjusted annual rate (SAAR) of 15.3 million units
for the year, which is nearly 1 million units higher than 2012.
Sales were boosted by strong pent-up demand owing to the increase in average
age of vehicles on U.S. roads to 11.3 years from 10.8 years in 2012. Banks
also supported the sales growth by providing greater access to loans with
lower interest rates. In addition, improving job market boosted the consumer
sentiment to purchase new cars.
Recently, AutoNation reported a 31.4% increase in earnings per share to 67
cents in the fourth quarter of 2012 from 51 cents in the corresponding quarter
last year. With this, profits surpassed the Zacks Consensus Estimate by 2
Revenues for the quarter increased 13.5% to $4.2 billion from $3.7 billion in
the year-ago quarter. The growth in revenues was driven by strong performance
of all the businesses. Revenues were ahead of the Zacks Consensus Estimate of
$4.0 billion. The company retains a Zacks Rank #3 (Hold).
L-3 Returns to Shareholders
A few days after its fourth quarter earnings release, L-3 Communications
Holdings Inc. (NYSE:LLL) has increased its dividend as well as announced a new
share repurchase program. The company focuses on program execution,
operational efficiency and disciplined cash deployment which make incremental
dividend payouts feasible lending increasing value to shareholders.
L-3 Communications has increased its quarterly dividend by 10%, bringing the
annualized dividend to $2.20 per share from the previous payout of $2.00 per
share. Following the hike, the company will now pay a quarterly dividend of 55
cents as against the 50 cents paid earlier. The said dividend will be paid on
Mar 15, 2013, to shareholders of record as of the close of business on Mar 1,
This is the company's ninth consecutive annual dividend increase. Last
February, the company had increased the quarterly dividend by 11% to 50 cents
As per the new share repurchase program, the company is permitted to
repurchase up to an additional $1.5 billion of the company's common stock
through Jun 30, 2015. This is the company's sixth repurchase program and is
effective immediately. The company plans to fund the program from its cash on
hand and cash generated from operations.
Recently, L-3 Communications Holdings reported its fourth quarter 2012
financial results with earnings per share of $2.25 surpassing the Zacks
Consensus Estimate of $2.12 by 6.1%. The results were 11.4% lower than the
year-ago earnings of $2.54 per share. During full year 2012, the company
returned nearly $1.1 billion to its shareholders through share buybacks and
payment of dividend, moderately lower than the 2011 level of $1.14 billion.
Want more from Zacks Equity Research? Subscribe to the free Profit from the
Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the
Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights
to developments that affect company profits and stock performance.
Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter
Zacks.com is a property of Zacks Investment Research, Inc., which was formed
in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in
stock market data that would lead to superior investment results. Amongst his
many accomplishments was the formation of his proprietary stock picking
system; the Zacks Rank, which continues to outperform the market by nearly a 3
to 1 margin. The best way to unlock the profitable stock recommendations and
market insights of Zacks Investment Research is through our free daily email
newsletter; Profit from the Pros. In short, it's your steady flow of
Profitable ideas GUARANTEED to be worth your time! Register for your free
subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance
numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook:
Disclaimer: Past performance does not guarantee future results. Investors
should always research companies and securities before making any investments.
Nothing herein should be construed as an offer or solicitation to buy or sell
Zacks Investment Research
800-767-3771 ext. 9339
SOURCE Zacks Investment Research, Inc.
Press spacebar to pause and continue. Press esc to stop.