Vonovia SE said Monday that it is launching its public takeover offer at 53 euros ($62.01) per outstanding share for Deutsche Wohnen SE and that this will be its final attempt to buy the company after having failed already before.
The real-estate company had already said earlier this month that it had agreed with its German rival to launch the new offer after failing in July to reach the minimum acceptance threshold of 50% from Deutsche Wohnen’s shareholders when the offer price was at EUR52 a share. The new deal, worth roughly EUR19.1 billion, would create Europe’s largest residential real-estate group, and represents a 17.8% premium on Deutsche Wohnen’s share price unaffected by the news of a takeover, it said.
Vonovia said the new price and offer are final. “An increase in the offer price during the acceptance period or during the additional acceptance period is irrevocably excluded,” it said. “Nor will a third offer be presented to the shareholders of Deutsche Wohnen,” Vonovia said.
Top 5 Stocks To Watch Right Now: CRB Futures Index(CR)
Crane Co. manufactures and sells engineered industrial products in the United States and internationally. The company operates in five segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling, and Controls. The Aerospace & Electronics segment offers pressure, fuel flow, and position sensors and subsystems; brake control systems; coolant, lube and fuel pumps; and seat actuation products. This segment also provides power supplies and custom microelectronics for aerospace, defense, medical, and other applications; and electrical power components, power management products, electronic radio frequency, and microwave frequency components and subsystems for the defense, space, and military communications markets. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels for the truck trailer and recreational vehicle markets, industrial markets, and the commercial construction industry. The Merchandising Systems segmen t offers vending solutions, such as food, snack, and beverage vending machines; and vending machine software and online solutions, as well as payment solutions, including coin accepters and dispensers, coin hoppers, coin recyclers, bill validators, and bill recyclers. The Fluid Handling segment manufactures and sells various industrial and commercial valves and actuators; provides valve testing, parts, and services; manufactures and sells pumps and water purification solutions; distributes pipe, pipe fittings, couplings, and connectors; and designs, manufactures, and sells corrosion-resistant plastic-lined pipes and fittings. The Controls segment produces ride-leveling, air-suspension control valves for heavy trucks and trailers; pressure, temperature, and level sensors; ultra-rugged computers, measurement and control systems, and intelligent data acquisition products; and water treatment equipment. Crane Co. was founded in 1855 and is based in Stamford, Connecticut.
Advisors’ Opinion:
- [By Ethan Ryder]
Crew Energy Inc (TSE:CR) – Cormark issued their Q1 2020 EPS estimates for shares of Crew Energy in a research note issued on Tuesday, March 5th. Cormark analyst A. Arif expects that the company will earn $0.06 per share for the quarter. Cormark also issued estimates for Crew Energy’s Q2 2020 earnings at $0.02 EPS, Q3 2020 earnings at $0.02 EPS and Q4 2020 earnings at $0.03 EPS.
- [By Shane Hupp]
COPYRIGHT VIOLATION WARNING: “Crane Co. (CR) VP James A. Lavish Sells 5,150 Shares” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at www.tickerreport.com/banking-finance/4168537/crane-co-cr-vp-james-a-lavish-sells-5150-shares.html.
Top 5 Stocks To Watch Right Now: The Descartes Systems Group Inc.(DSGX)
The Descartes Systems Group Inc. (Descartes), incorporated on February 1, 2012, is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations. Its pricing model allows its customers to purchase its solutions either on a perpetual license, subscription or transactional basis.
The Company’s primary focus is on serving transportation providers (air, ocean and truck modes), logistics service providers (including third-party logistics providers, freight forwarders and customs brokers) and distribution-intensive companies. It operates in the United States, Europe, Middle-East and Africa, Canada and Asia Pacific. It caters to various industries, including transportation and logistics, manufacturing, retail, distribution, business services and public sector. The Company’s solutions include Logistics Technology Platform that fuses the Descartes Global Logistics Network (Descartes GLN); customs and regulatory compliance; routing, mobile and telematics; global logistics network services; transportation management, and broker and forwarder enterprise systems. The Logistics Technology Platform leverages the multimodal logistics community to enable companies to connect and collaborate.
The Descartes Global Logistics Network, as the foundation of the Logistics Technology Platform, manages the flow of data and documents that track and control inventory, assets and people in motion. Descartes’ Logistics Application Suite offers an array of modular, cloud-based, interoperable Web and wireless logistics management applications. Descartes’ Customs and Regulatory Compliance solutions help to bridge the information gap between trading partners and regulatory authorities to enable cargo security screening, customs declaration filings and compliance across multiple regulatory requirements and industry-sponsored initiatives affecting international transportation. Descartes’ Routing, Mobile and Telematics suite supports the full, closed-loop process associated with route planning, route execution, driver and vehicle performance. This single-integrated platform helps deliver operations by uniting optimized route planning, dispatching and global positioning system (GPS) tracking, mobile applications, vehicle telematics, fleet/driver, compliance and performance analytics.
The Descartes GLN manages data semantics, message delivery, and transformation of data pertaining to regional or global operations and the ability to work across wired and wireless technologies. Descartes Global Logistics Network Services include Document Management Services, Community Services and Connectivity Services. Descartes’ Transportation Management solution capabilities include Carrier Compliance & Rate Management, Transportation Planning and Execution, Dock Scheduling and Yard Management, Freight Audit and Settlement, Visibility, Tracking and Performance Management, and Logistics Flow Control. Descartes’ on-demand Broker and Forwarder Enterprise Systems solutions include Forwarder Back Office, and Brokerage and Declaration Services.
Advisors’ Opinion:
- [By Logan Wallace]
Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) – Research analysts at William Blair upped their Q1 2020 earnings estimates for Descartes Systems Group in a report issued on Thursday, March 7th. William Blair analyst M. Pfau now expects that the technology company will post earnings of $0.15 per share for the quarter, up from their previous forecast of $0.13. William Blair also issued estimates for Descartes Systems Group’s Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.17 EPS, Q4 2020 earnings at $0.17 EPS, FY2020 earnings at $0.65 EPS, Q1 2021 earnings at $0.18 EPS, Q2 2021 earnings at $0.18 EPS, Q3 2021 earnings at $0.18 EPS, Q4 2021 earnings at $0.20 EPS and FY2021 earnings at $0.75 EPS.
- [By Motley Fool Transcribing]
Descartes Systems Group (NASDAQ:DSGX) Q4 2019 Earnings Conference CallMarch 6, 2019 5:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Logan Wallace]
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, November 28th. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). Descartes Systems Group had a return on equity of 5.88% and a net margin of 11.24%. The business had revenue of $70.00 million for the quarter, compared to analyst estimates of $69.69 million. During the same period last year, the business posted $0.08 EPS. Descartes Systems Group’s revenue was up 12.9% on a year-over-year basis. Equities analysts forecast that Descartes Systems Group Inc will post 0.41 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “Mackenzie Financial Corp Purchases 278,713 Shares of Descartes Systems Group Inc (DSGX)” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at www.tickerreport.com/banking-finance/4163867/mackenzie-financial-corp-purchases-278713-shares-of-descartes-systems-group-inc-dsgx.html.
About Descartes Systems Group
- [By Shane Hupp]
Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) had its target price upped by research analysts at Industrial Alliance Securities from C$29.00 to C$33.00 in a note issued to investors on Tuesday. Industrial Alliance Securities’ price target would indicate a potential downside of 24.83% from the company’s current price.
Top 5 Stocks To Watch Right Now: Sandstorm Gold Ltd(SAND )
Sandstorm Gold Ltd. is engaged in providing financing alternatives to mining companies. The Company focuses on acquiring gold and other precious metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. It operates in the segments of Bachelor Lake, Black Fox, Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate. It has over 131 Gold Streams and net smelter returns royalties (NSRs), of which 20 of the underlying mines are producing. The Company’s projects include Yamana Silver Stream; Cerro Moro, which is located approximately 70 kilometers southwest of the coastal port city of Puerto Deseado; Chapada Mine, which is located over 270 kilometers northwest of Brasilia in Goias state, Brazil; Diavik Mine; Black Fox Mine; Santa Elena Mine; Bachelor Lake Mine; Karma Mine; Bracemac-McLeod Mine; Ming Mine, and Aurizona Mine. Advisors’ Opinion:
- [By Stephan Byrd]
CIBC Asset Management Inc grew its stake in shares of Sandstorm Gold Ltd (NYSEAMERICAN:SAND) by 41.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 962,780 shares of the mining company’s stock after buying an additional 283,504 shares during the quarter. CIBC Asset Management Inc’s holdings in Sandstorm Gold were worth $4,458,000 at the end of the most recent quarter.
- [By Ethan Ryder]
Sandstorm Gold (NYSEAMERICAN:SAND) had its target price raised by analysts at Raymond James from $5.75 to $6.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the mining company’s stock. Raymond James’ price target points to a potential upside of 4.35% from the stock’s current price.
- [By Joseph Griffin]
Boston Partners purchased a new stake in Sandstorm Gold (NYSEAMERICAN:SAND) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 463,325 shares of the mining company’s stock, valued at approximately $2,205,000. Boston Partners owned about 0.25% of Sandstorm Gold as of its most recent filing with the Securities and Exchange Commission.
Top 5 Stocks To Watch Right Now: Civista Bancshares, Inc. (CIVB)
CIVISTA BANCSHARES, INC. (“CBI”) was organized under the laws of the State of Ohio on February 19, 1987 and is a registered financial holding company under the Gramm-Leach-Bliley Act of 1999, as amended. CBI’s office is located at 100 East Water Street, Sandusky, Ohio. CBI and its subsidiaries are sometimes referred to together as the Company. The Company had total consolidated assets of $1,315,041 at December 31, 2015.
CIVISTA BANK (“Civista”), owned by the Company since 1987, opened for business in 1884 as The Citizens National Bank. In 1898, Civista was reorganized under Ohio banking law and was known as The Citizens Bank and Trust Company. In 1908, Civista surrendered its trust charter and began operation The Citizens Banking Company. The name Civista Bank was introduced during the first quarter of 2015 to solidify our dual Citizens/Champaign brand and distinguish ourselves from the many other Citizens’ Banks in existing and prospective markets. Advisors’ Opinion:
- [By Logan Wallace]
Lakeland Financial (NASDAQ:LKFN) and Civista Bancshares (NASDAQ:CIVB) are both small-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their dividends, analyst recommendations, valuation, earnings, risk, institutional ownership and profitability.
- [By Max Byerly]
Get a free copy of the Zacks research report on Civista Bancshares (CIVB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Stocks To Watch Right Now: Tree.com Inc.(TREE)
Tree.Com, Inc., through its subsidiaries, engages in lending business in the United States. It owns various brands and businesses that provide information, tools, advice, products, and services for consumers looking to comparison shop for loans, real estate, and other services from businesses and professionals. The company?s LendingTree Loans segment originates, processes, approves, and funds various types of residential real estate loans primarily under the LendingTree Loans brand name. It offers a range of adjustable and fixed rate mortgage loans, including conforming and prime loans, as well as non-conforming and FHA loans. This segment sources its leads through online and telephone services, as well as through various non-LendingTree channels, such as third-party online lead aggregators and direct mail marketing campaigns. Its Exchanges segment consists of online lead generation networks under the LendingTree.com, GetSmart.com, DegreeTree.com, HealthTree.com, LendingT reeAutos.com, DoneRight.com, and InsuranceTree.com brands; and call centers that connect consumers and service providers, principally in the lending, higher education, home services, insurance, and automobile marketplaces. This segment also provides unsecured loans, automobile loans, credit cards, and various consumer insurance products, as well as opportunities for students seeking institutions of higher education, and home improvement professional services with contractors. The company is based in Charlotte, North Carolina.
Advisors’ Opinion:
- [By Motley Fool Transcriber]
LendingTree Inc (NASDAQ:TREE)Q4 2018 Earnings Conference CallFeb. 26, 2019, 9:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Garrett Baldwin]
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Stocks to Watch Today: TSLA, ETSY, CAT
This morning, Swiss investment bank UBS Group AG (NYSE: UBS) announced a surprise downgrade for industrial machinery giant Caterpillar. Shares of CAT fell 3.5% after UBS flagged slowing construction demand around the world as a reason for the downgrade. The firm slashed its price target from $154 to $125. The new figure represents 8.3% downside from Tuesday morning’s price. UBS expects that its EPS will fall by a whopping 8% year over year due to limited development in new construction and oil-and-gas projects. Shares of Tesla Inc. (NASDAQ: TSLA) slumped more than 3.5% after the SEC asked a judge to hold CEO Elon Musk in contempt of court. The SEC says that Musk violated his recent deal after promoting an inaccurate tweet about the company’s production. The CEO said in a tweet that Tesla would produce “around” a half-million vehicles in 2019. However, four hours later, Musk clarified by saying that he “meant to say” that Tesla’s annualized production rate by the end of the year could reach 500,000. The SEC says that Musk failed to seek or receive pre-approval for this tweet. The agency says that the inaccurate tweet reached more than 24 million people. Shares of Etsy Inc. (NASDAQ: ETSY) rallied more than 10% after the company topped Wall Street earnings expectations after the bell Monday. The e-commerce firm rang in EPS of $0.32 on top of $200 million in revenue. Both figures topped Wall Street expectations, which included EPS of $0.21 on top of $195 million in revenue. The firm reported a big jump in active buyers – 18.2% year over year – and a 9.4% jump in active sellers during the same period. Look for earnings reports from Cheniere Energy Inc. (NYSE: LNG), Cracker Barrel Old Country Store Inc. - [By Demitrios Kalogeropoulos]
Shares of consumer lending specialist LendingTree (NASDAQ:TREE) spiked 35% last month, trouncing the S&P 500’s 8% gain, according to data provided by S&P Global Market Intelligence.
