How Patterson-UTI Energy (PTEN) Gets New High Over Celestica (CLS), Post Properties (PPS), Fleetcor Technologies (FLT)

Patterson-UTI Energy Inc.(PTEN) Thursday announced lower earnings for the first-quarter of 2014. Net income for the quarter slumped to $34.8 million or $0.24 per share, from $56.2 million or $0.38 per share in the year-ago period. On average, 24 analysts polled by Thomson Reuters probable earnings per share of $0.25 for the quarter. Analysts’ estimates typically exclude one-time items. First-quarter revenues shrunk to $678 million from $667 million in the same period, last year. Patterson-UTI Energy Inc. (PTEN), Oil & Gas Drilling & Exploration company, surged 0.53% in last trading session and ended the day on $34.11. The stock is trading -0.41% below its 52-week high and 83.16% above its 52-week low. Company has 144.50 million shares outstanding with $4928.90 million market capitalization. Patterson-UTI Energy Inc. has $1.14 EPS currently and sees -34.70% growth this year and 36.68% next year. PTEN’s yearly performance is 66.39%. Experts rate it a ‘Hold’ stock.

Celestica Inc. (CLS.TO,CLS), declared higher earnings for the first quarter, mainly reflecting lower cost of sales. But net sales for the quarter plunged by 4 percent. The company’s net earnings for the period advanced to $37.3 million or $0.20 per share from $10.5 million or $0.06 per share during the prior-year period. On an adjusted basis, earnings amounted to $ 0.26 per share. Celestica Inc. (CLS), Printed Circuit Boards, is currently trading at $12.01, which swung 0.33%. The stock is trading -0.74% below its 50 days high and 15.37% above its 50 days low. CLS has $1940.82 million market capitalization. The stock recorded a trading volume of 651052 shares as compared to its average volume of 255.20 million shares. CLS’s year to date performance is 15.48%. Experts rate it a ‘Hold’ stock.

Post Properties, Inc. (PPS) Monday reported fourth-quarter funds from operations, or FFO, of $36.4 million or $0.67 per share, down from $38.8 million or $0.71 per share in the same period last year. Core FFO for the quarter was $36.0 million or $0.66 per share. On average, 15 analysts polled by Thomson Reuters likely the company to declare FFO of $0.66 per share for the quarter. Post Properties Inc. (PPS), REIT – Residential company, burgeoned 0.25% in last trading session and ended the day on $52.74. The stock is trading -0.08% below its 52-week high and 26.13% above its 52-week low. Market capitalization of Post Properties Inc. is worth nearly $2865.89 million. The stock is currently trading at a P/E multiple of 40.26x with 4.64x PEG Ratio. PPS showed 0.40% weekly performance. Experts rate it a ‘Hold’ stock.

FleetCor Technologies Inc. (FLT), Wednesday appointed Armando Netto as CEO of FleetCor Brazil, and will have overall operating responsibility for all of FleetCor’s companies in the market. Armando joins FleetCor from TIVIT, a Brazilian IT and BPO services company, in which he previously headed the company’s IT Services division. The company also appointed Steffen Giebler as managing director of FleetCor Germany and Patrick Ducharme as managing director of FleetCor Canada. FleetCor Technologies, Inc. (FLT), Business Services, is currently trading at $132.35, which swung 0.44%. The stock is trading -0.22% below its 52-week high and 64.86% above its 52-week low. FLT has $10975.79 million market capitalization. The stock recorded a trading volume of 510098 shares as compared to its average volume of 782.48 million shares. FLT’s year to date performance is 12.96%. Investment experts consider it a ‘Hold’ stock.

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Elizabeth Clark, CPA, is a senior analyst for The Downtown Leader. If you have a great story idea for Elizabeth Clark, you can write at [Elizabeth.Clark@downtownleader.com ].

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