Precision Castparts Fourth Quarter Fiscal 2015 Earnings
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Canaccord Genuity Raised the Price Target for Precision Castparts (PCP) Following an In-Line 4Q
May 14, 2015 11:21 AM EDTCanaccord Genuity maintain a Hold rating on Precision Castparts (NYSE: PCP), and raised the price target to $230.00 (from $225.00), following an in-line 4Q15.
Canaccord Genuity analyst, Ken Herbert, commented on PCP, saying, "Precision Castparts (PCP) announced Q4/15 and FY15 adjusted earnings of $2.94 and $12.59 respectively, in line with our expectations. However, this excludes the restructuring and asset impairment previously announced in April. Consolidated organic sales were flat on... More
Precision Castparts (PCP) Misses Q4 EPS by 3c, Offers FY16 Guidance
May 13, 2015 8:00 AM EDTPrecision Castparts (NYSE: PCP) reported Q4 EPS of $2.94, $0.03 worse than the analyst estimate of $2.97. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.47 billion.
Precision Castparts sees FY2016 EPS of $12.50-$13.40, versus the consensus of $13.39. Precision Castparts sees FY2016... More
Precision Castparts (PCP) Adds $2B to Common Buyback Program
May 13, 2015 6:08 AM EDTPrecision Castparts (NYSE: PCP) has approved a $2 billion expansion to the Company's existing share repurchase program, effective immediately and continuing through June 30, 2017. The Company plans to repurchase up to $2 billion of its common stock over the next 12 to 18 months as part of its comprehensive cash deployment strategy. The Company has a consistent... More
