LONDON -- After a busy month or so for company reports, we're heading into a quiet patch over the next few weeks as the end-of-March reporting season draws to a close. There won't be a lot to keep us alert next week, but we will have a small handful of important updates.
Here we take a quick look at two FTSE 100 companies and one from the FTSE 250 that are bringing us news in the coming week.
Wolseley (LSE: WOS )
We're expecting a third-quarter update from Wolseley on Tuesday, and if things are still going as they were at the halfway stage, announced in March, investors will probably be pleased -- though with the share price up nearly 50% over the past 12 months to 3,353 pence, they're probably already quite happy.
Like-for-like revenue at the plumbing, heating, and building products supplier was up 2.2% for the six months to Jan. 31, and with margins improving, the firm managed to convert that to a 7.6% rise in trading profit and a 3.9% rise in headline earnings per share. The interim dividend was lifted by 10% to 22 pence per share. Net debt was up to 拢871 million from 拢470 million at the same stage the previous year, but against revenue of 拢6.3 billion, that's not a massive sum.
Top 10 Building Product Companies To Own In Right Now: Nexus Energy Ltd (NXS.AX)
Nexus Energy Limited engages in the exploration, development, and production of oil and gas in Australia. It primarily holds interests in the Longtom gas project located in production license VIC/L29 within the Gippsland Basin, Victoria; and the Crux AC/L9 asset and WA-377-P exploration permit located in the Browse Basin, Western Australia. The company is based in Melbourne, Australia.
Top 10 Building Product Companies To Own In Right Now: Stewardship Financial Corp(SSFN)
Stewardship Financial Corporation operates as the holding company for Atlantic Stewardship Bank that provides commercial and retail banking services to small and medium sized businesses and individuals in Bergen, Morris, and Passaic counties, New Jersey. It offers various deposit products, including personal and business checking accounts, time deposits, money market accounts, regular savings accounts, and term certificate accounts. The company also provides various loan products, such as commercial, consumer, residential mortgage, home equity, installment, and personal loans. In addition, Stewardship Financial Corporation owns and manages a property at Midland Park, New Jersey; involves in insurance business, as well as in issuing trust preferred securities; and owns and manages an investment portfolio. As of December 31, 2009, it operated a main office in Midland Park, New Jersey; and 12 branch offices in Hawthorne, Ridgewood, Montville, North Haledon, Pequannock, Waldwi ck, Wayne, Westwood, and Wyckoff, New Jersey. The company was founded in 1984 and is based in Midland Park, New Jersey.
Best Financial Stocks To Buy Right Now: Australia and New Zealand Banking Group Ltd (ANZ.AX)
Australia and New Zealand Banking Group Limited (ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. The Company conducts its operations in Australia, New Zealand and the Asia Pacific region. It also operates in a range of other countries, including the United Kingdom and the United States. The Company operates on a divisional structure with Australia, International and Institutional Banking (IIB), New Zealand, and Global Wealth and Private Banking. As of September 30, 2012, the Company had 1,337 branches and other points of representation worldwide, excluding automatic teller machines (ATMs). In September 2012, it sold its remaining shareholding in Visa Inc.
Top 10 Building Product Companies To Own In Right Now: Realty Income Corporation(O)
Realty Income Corporation engages in the acquisition and ownership of commercial retail real estate properties in the United States. The company leases its retail properties primarily to regional and national retail chain store operators. As of December 31, 2006, it owned 1,955 retail properties located in 48 states, covering approximately 16.7 million square feet of leasable space. The company also held a portfolio of 60 properties through its wholly owned subsidiary, Crest Net Lease, Inc. (Crest), as of the above date. Realty Income Corporation has elected to be treated as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes provided it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1969 and is based in Escondido, California.
Top 10 Building Product Companies To Own In Right Now: Sonomax Hearing Healthcare Inc. (SHH.V)
Sonomax Technologies Inc. engages in the development, commercialization, and sale of intra-ear technology for earphones, hearing protection, hearing enhancement, and other communication applications. Its SonoFit technology is a customized earpiece used in earphones, hearing protection devices, Bluetooth headsets, hearing aids, and other in-ear products by the consumer, industrial, military, and medical markets. The company offers SonoCustom, a pro-fit sound isolating earplug; SonoPass, a windows-based performance software; Sonomax solution that comprises earplug and its windows-based SonoPass software, which allow a technician to deliver hearing protection; SonoCOMM2, which is used for two-way communication; and SonoPCS500, a wideband dual micro-speaker for custom-fit earphones. Sonomax Technologies Inc. primarily sells its products in Canada, the United States, and Europe. The company was formerly known as Sonomax Hearing Healthcare Inc. and changed its name to Sonomax Te chnologies Inc. in March 2010. The company was founded in 1998 and is headquartered in Montreal, Canada.
Top 10 Building Product Companies To Own In Right Now: U.S. Physical Therapy Inc.(USPH)
U.S. Physical Therapy, Inc., through its subsidiaries, operates outpatient physical and occupational therapy clinics in the United States. Its clinics provide pre-and-post operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. The company also offers physician services to third parties; and operates clinics, which specialize in the outpatient, non-surgical treatment of osteo arthritis degenerative joint disease and other musculoskeletal conditions. As of December 31, 2011, it operated 416 clinics in 42 states; and managed 15 physical therapy facilities for third parties, including physicians. The company focuses its marketing efforts on physicians comprising orthopedic surgeons, neurosurgeons, physiatrists, internal medicine physicians, podiatrists, occupational medicine physicians, and general practitioners. U.S. Physical Therapy, Inc. was founded in 1 990 and is based in Houston, Texas.
Top 10 Building Product Companies To Own In Right Now: Regeneron Pharmaceuticals Inc.(REGN)
Regeneron Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes pharmaceutical products for the treatment of serious medical conditions in the United States. The company?s commercial product includes ARCALYST (rilonacept) injection for subcutaneous use for the treatment of cryopyrin-associated periodic syndromes, including familial cold auto-inflammatory syndrome and muckle-wells syndrome in adults and children. Its products under Phase III clinical development stage consist of VEGF Trap-Eye, an aflibercept ophthalmic solution developed using intraocular delivery for the treatment of serious eye diseases; ARCALYST for the prevention of gout flares in patients initiating uric acid-lowering treatment; and Aflibercept (VEGF Trap), which is developed in oncology. The company?s earlier stage clinical programs include various human antibodies, such as REGN727 for low-density lipoprotein cholesterol reduction, REGN88 for rheumatoid arthritis and ankylosing spondylitis; REGN668 for atopic dermatitis and asthma; REGN421 and REGN910 for oncology; REGN475 for the treatment of pain; and REGN728 and REGN846. It also conducts preclinical research programs in the areas of oncology and angiogenesis, ophthalmology, metabolic and related diseases, muscle diseases and disorders, inflammation and immune diseases, bone and cartilage, pain, cardiovascular diseases, and infectious diseases. The company distributes its products through third party service providers. It has strategic collaboration with sanofi-aventis Group to discover, develop, and commercialize human monoclonal antibodies; and Bayer HealthCare LLC to develop and commercialize VEGF Trap. Regeneron Pharmaceuticals, Inc. was founded in 1988 and is based in Tarrytown, New York.
Advisors' Opinion:- [By Melly Alazraki]
Regeneron Pharmaceuticals (REGN)also had an impressive quarter, soaring 36.1% to $44.68 as of Wednesday's close, after setting an intra-day 52-week high of $45.11. This $3.88 billion market cap biopharmaceutical company has been on a tear with a yearly return of 67% as it continued to develop cancer, eye-condition and gout treatments.
In fact, Regeneron, which sells onlyone product-- Arcalyst (rilonacept), for the treatment of a rare, inherited, inflammatory condition -- last monthsubmitted an applicationto the Food and Drug Administration for its VEGF Trap-Eye for the treatment of the eye disorder that is the leading cause of blindness in patients older than 65 in the U.S. and Europe. If the treatment is approved, Regeneron hopes to take market share from Roche/Novartis's (NVS) Lucentis.
However, Regeneron'spipelinealsosuffered a setbackrecently. Aflibercept, its candidate drug for non-small-cell lung cancer -- a notoriously difficult-to-treat disease -- failed to increase overall survival time in a late-stage study. For now, analysts favor the stock with a consensus buy recommendation, but this setback follows others, making ongoing studies of aflibercept vital for Regeneron's future. The company co-developed aflibercept with Sanofi-Aventis (SNY).
Top 10 Building Product Companies To Own In Right Now: WSB Holdings Inc.(WSB)
WSB Holdings, Inc. operates as the holding company for The Washington Savings Bank, F.S.B. that provides various commercial banking products and services to middle income individuals, and small and middle income businesses in the United States. The company accepts various deposits, including consumer, small business, and commercial demand deposit accounts, as well as interest-bearing checking accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans It also originates first and second mortgage loans, land acquisition and development loans, commercial loans, construction loans, and consumer loans, as well as non-residential mortgage loans with emphasis on residential mortgage, and commercial and construction lending. In addition, the company involves in developing single family residential lots, as well as builds homes on certain lots on a contract basis. The company has five savings branches in Bowie, Waldorf, Crofton , Millersville, and Odenton in Maryland. WSB Holdings, Inc. was founded in 1982 and is based in Bowie, Maryland.
Top 10 Building Product Companies To Own In Right Now: American Capital Ltd.(ACAS)
American Capital, Ltd. is a private equity and venture capital firm specializing in management and employee buyouts, mezzanine, acquisition, recapitalization, middle market, and growth capital investments. The firm seeks to invest in senior debt mezzanine and equity financing for buyouts of private equity firms and direct in private and public companies. It also invests in special situations and in government. In special situations, the firm invests in troubled situations and in distressed situations. In this area, it invests in acquisitions of true turnarounds, 363 auctions, portfolio add-ons, operationally challenged companies; financings in exit, ABL loans, second lien refinance, and direct lending to distressed companies. The firm invests in manufacturing, services, and distribution companies with a special focus on energy sector. In energy production sector, the firm invests in lower risk oil and gas exploration, production and development; natural gas liquids; coal m ining and coal-fired generation; uranium mining and nuclear-fired generation; wind-powered generation; and solar-powered generation. In energy transmission sector, the firm invests in oil and gas pipelines; LNG tankers and regasification facilities; and power transmission. In energy distribution sector, it targets propane distribution; gas distribution; electricity distribution. In energy services sector, the firm invests in oil and gas services and utility services. The firm also targets investments in companies that provide services or products to federal, state or local governments. It seeks to invest in information technology, human resources/benefit administration, outsourcing, transaction processing, engineering and construction, logistics, original equipment manufacturers ? homeland security and component, after market parts and supplies, and technology. It invests as lead or participative investor. The firm and its affiliates invest from $5 million to $300 million pe r company in North America and ?5 million ($6.92520 millio! n) to ?25 million ($34.6260 million) per company in Europe. American Capital, Ltd. was founded in 1986 and is based in Bethesda, Maryland with additional offices in United States, Europe, and Asia.
Top 10 Building Product Companies To Own In Right Now: Finisar Corporation(FNSR)
Finisar Corporation designs, develops, manufactures, and markets optical subsystems and components that are used to interconnect equipment in short-distance local area networks (LANs), storage area networks (SANs), longer distance metropolitan area networks (MANs), fiber-to-the-home networks, cable television networks, and wide area networks. Its optical subsystems primarily include transmitters, receivers, transceivers, and transponders. The company?s optical subsystems provides the fundamental optical-electrical interface for connecting the equipment used in building networks comprising switches, routers, and file servers in wireline networks, as well as antennas and base stations for wireless networks. It also offers products for switching network traffic from one optical wavelength to another across multiple wavelengths, known as reconfigurable optical add/drop multiplexers. The company?s line of optical components principally comprises packaged lasers and photodetec tors used in transceivers for LAN and SAN applications; and passive optical components used in building MANs. It sells its optical products to manufacturers of storage system, networking equipment, and telecommunication equipment or their contract manufacturers through direct sales force and distribution channels in the United States, Malaysia, the People?s Republic of China, and internationally. The company was founded in 1987 and is headquartered in Sunnyvale, California.
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