Notable Stock News to Watch: Xinyuan Real Estate Co., Ltd. (NYSE:XIN)

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) spotted trading -54.94% off 52-week high price. On the other end, the stock has been noted 18.13% away from the low price over the last 52-weeks. The stock changed 9.35% to recent value of $2.28. The stock transacted 368087 shares during most recent day however it has an average volume of 169.41K shares. The company has 65.90M of outstanding shares and 65.60M shares were floated in the market.

On April 3, 2020, Xinyuan Real Estate Co., Ltd. (NYSE:XIN) notified its unaudited financial results for the fourth quarter ended December 31, 2019.

Full Year 2019 Highlights

  • Total revenue increased 11.9% to US$2.5 billion from US$2.2 billion in 2018.
  • For the year ended December 31, 2019, contract sales decreased 6.2% to US$2.1 billion from US$2.3 billion in 2018. In RMB terms, contract sales in 2019 decreased 2.2% to RMB14.6 billion yuan from RMB15.0 billion yuan in 2018. GFA sales increased 7.1% to 1,142,149 square meters from 1,066,192 square meters in 2018.
  • Gross profit was US$560.3 million, or 22.6% of revenue in 2019, compared to a gross profit of US$615.5 million, or 27.8% of revenue in 2018.
  • SG&A expenses were US$250.4 million, or 10.1% of revenue in 2019, compared to US$240 million, or 10.8% of revenue in 2018.
  • Net income was US$83.0 million in 2019 compared to US$106.0 million in 2018. Diluted earnings per ADS were US$1.20 in 2019 compared to US$1.14 per ADS in 2018.
  • On October 11, 2019, the property management service entity of Xinyuan, Xinyuan Property Management Service (Cayman) Ltd. has been listed on the main board of Hong Kong Stock Exchange, under code 01895.HK.
  • Fourth Quarter 2019 Highlights
  • Total revenue was US$906.7 million in the fourth quarter of 2019 compared to US$1,092.2 million in the fourth quarter of 2018 and US$497.6 million in the third quarter of 2019.
  • Net income was US$39.6 million in the fourth quarter of 2019 compared to US$104.1 million in the fourth quarter of 2018 and US$5.4 million in the third quarter of 2019.
  • Diluted net earnings per ADS attributable to shareholders were US$0.62 in the fourth quarter of 2019 compared to US$1.13 in the fourth quarter of 2018 and US$0.07 in the third quarter of 2019.

Its earnings per share (EPS) expected to touch remained 17.00% for this year. XIN has a gross margin of 27.40% and an operating margin of 15.70% while its profit margin remained 3.90% for the last 12 months.

According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.62% from the mean of 20 days, -19.99% from mean of 50 days SMA and performed -38.97% from mean of 200 days price. Company’s performance for the week was 7.55%, -25.00% for month and YTD performance remained -39.68%.

Notable News Spotlight: Kodiak Sciences Inc. (NASDAQ:KOD)

Kodiak Sciences Inc. (NASDAQ:KOD) changed 2.29% to recent value of $43.72. The stock transacted 332944 shares during most recent day however it has an average volume of 416.84K shares. It spotted trading -47.17% off 52-week high price. On the other end, the stock has been noted 646.08% away from the low price over the last 52-weeks.

On April 2, 2020, Kodiak Sciences Inc. (NASDAQ:KOD) a clinical stage biopharmaceutical company developing novel therapeutics to treat chronic, high-prevalence retinal diseases, reported the appointment of Charles Bancroft to its board of directors.

Charlie recently retired from a successful career at Bristol Myers Squibb (BMS) where he held a number of leadership roles in commercial, strategy and finance. Beginning his career at BMS in 1984, he held numerous roles of increasing responsibility. He served as Chief Financial Officer from 2010 to 2019 and was appointed Executive Vice President, Head of Integration and Strategy & Business Development in 2019. He received his bachelor’s degree in accounting from Drexel University and his M.B.A. in finance from Temple University.

Charlie served as a member of the board of Colgate-Palmolive Company from 2017 to March 2020. He was appointed to GlaxoSmithKline’s board of directors as a Non-Executive Director in March 2020.

Its earnings per share (EPS) expected to touch remained -11.40% for this year while earning per share for the next 5-years is expected to reach at 12.40%.

The company has 45.27M of outstanding shares and 31.59M shares were floated in the market. According to the most recent quarter its current ratio was 29 that represents company’s ability to meet its current financial obligations. The price moved ahead of -11.81% from the mean of 20 days, -24.67% from mean of 50 days SMA and performed 24.36% from mean of 200 days price. Company’s performance for the week was -10.32%, -37.11% for month and YTD performance remained -39.24%.

Notable News Spotlight: Briggs & Stratton Corporation (NYSE:BGG)

Briggs & Stratton Corporation (NYSE:BGG) stock reported trading -87.40% off 52-week high price. On the other end, the stock has been noted 6.47% away from low price over the last 52-weeks. The stock disclosed a move of -46.07% away from 50 day moving average and -69.97% away from 200 day moving average. Moving closer, we can see that shares have been trading -27.96% off 20-day moving average. It has market cap of $84.22M and dividend yield of 11.05%.

On March 31, 2020, Briggs & Stratton Corporation (NYSE:BGG) declared a business update related to the COVID-19 pandemic.

To protect the health, safety and well-being of its employees, customers, channel partners and the public, the company continues to implement preventative measures while also seeking to meet the needs of its global customers as an essential supplier to their businesses. These measures include more frequent and deeper cleaning of facilities; using appropriate social distancing practices; working remotely when possible; restricting business travel; cancelling certain events; and restricting visitor access to facilities.

In response to the spread of COVID-19, uncertain economic conditions resulting in reduced demand and potential constraints on its supply chain, the company is reducing manufacturing activity at several of its manufacturing facilities and has temporarily shut down others. The company is also taking other actions to manage operating expenses in this fluid business environment. It will continue to monitor the situation and adjust manufacturing and other operations as the situation warrants.

The USA based company Briggs & Stratton Corporation moved with change of 1.69% to $1.81 with the total traded volume of 996129 shares in recent session versus to an average volume of 1.54M shares. The stock was observed in the 5 days activity at -22.65%. The one month performance of stock was -42.72%. BGG’s shares are at -72.32% for the quarter and driving a -85.14% return over the course of the past year and is now at -72.82% since this point in 2018.  Right now the stock beta is 1.48. The average volatility for the week and month was at 13.90% and 13.98% respectively. There are 46.53M shares outstanding and 40.58M shares are floated in market.

News Recap: Neuberger Berman High Yield Strategies Fund Inc. (NYSE:NHS)

Neuberger Berman High Yield Strategies Fund Inc. (NYSE:NHS) stock identified change of 31.79% away from 52-week low price and recently located move of -32.19% off 52-week high price. It has market worth of $169.61M and dividend yield of 12.56%. NHS stock has been recorded -22.61% away from 50 day moving average and -26.22% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.67% off 20-day moving average.

On March 31, 2020, Neuberger Berman High Yield Strategies Fund Inc. (NYSE American:NHS) has announced a distribution declaration of $0.0905 per share of common stock. The distribution released is payable on April 30, 2020, has a record date of April 15, 2020 and has an ex-date of April 14, 2020.

Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.0905 per share of common stock, unless further action is taken to determine another amount.  The Fund’s ability to maintain its current distribution will depend on a number of factors, including the stability of income received from its investments, the cost of leverage and the level of other Fund expenses. There is no assurance that the Fund will always be able to pay a distribution of any particular amount or that a distribution will consist only of net investment income.

Due to an effort to maintain a stable distribution amount, the distribution released, as well as future distributions, may consist of net investment income, realized capital gains and return of capital. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2020 will be made after the end of the year.

The Financial sector company, Neuberger Berman High Yield Strategies Fund Inc. noticed change of 1.28% to $8.68 along volume of 436070 shares in recent session compared to an average volume of 100.65K. The stock observed return of 16.35% in 5 days trading activity. The stock was at -26.25% over one month performance. NHS’s shares are at -29.14% for the quarter and driving a -23.59% return over the course of the past year and is now at -29.72% since this point in 2018.

The average volatility for the week at 6.21% and for month was at 6.31%. There are 19.54M shares outstanding.

Stock News Alert: Diana Shipping Inc. (NYSE:DSX)

On March 26, 2020, Diana Shipping Inc. (NYSE:DSX) a global shipping company specializing in the ownership of dry bulk vessels, released that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v P. S. Palios, for a period of about thirteen (13) months to maximum fifteen (15) months. The gross charter rate is US$6,000 per day for the first thirty five (35) days of the charter period and US$12,050 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on March 24, 2020.

The P. S. Palios is a 179,134 dwt Capesize dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.31 million of gross revenue for the minimum scheduled period of the time charter.

The Greece based company Diana Shipping Inc. moved with change of -7.28% to $1.4 with the total traded volume of 253787 shares in recent session versus to an average volume of 361.64K. The stock was observed in the 5 days activity at 7.69%. The one month performance of stock was -33.33%. DSX’s shares are at -54.40% for the quarter and driving a -50.70% return over the course of the past year and is now at -54.98% since this point in 2018.  Right now the stock beta is 1.22. The average volatility for the week and month was at 8.91% and 8.98% respectively. There are 114.07M shares outstanding and 85.57M shares are floated in market.

Notable Stock News to Watch: The Interpublic Group of Companies (NYSE:IPG)

The Interpublic Group of Companies (NYSE:IPG) spotted trading -39.64% off 52-week high price. On the other end, the stock has been noted 30.78% away from the low price over the last 52-weeks. The stock changed -8.59% to recent value of $15.21. The stock transacted 6300481 shares during most recent day however it has an average volume of 4.76M shares. The company has 424.29M of outstanding shares and 385.22M shares were floated in the market.

On March 26, 2020, The Interpublic Group of Companies (NYSE:IPG) said  that, in light of significant macroeconomic uncertainty resulting from the severity of the COVID-19 crisis, and the unknown magnitude and duration of its impact, it is appropriate to withdraw the company’s previously issued financial performance targets for full-year 2020.

The impact of COVID-19 has continued in recent weeks to grow around the world in human tragedy and macroeconomic cost, said Michael Roth, Chairman and CEO of IPG. We remain focused on protecting the health and safety of our employees around the world, serving our clients, and supporting our communities.

Our strategic strengths continue through this challenging period, Mr. Roth continued, notably our best-in-class talent, client-centric culture, differentiated go-to-market strategy, industry-leading data management capabilities, and deep relevance of our offerings. Nonetheless, in the current environment, visibility into marketing and media spend is extremely challenging. Our company’s balance sheet and liquidity are strong, and consistent with past practices we will look for opportunities to further enhance our financial condition. Our company has a long track record of navigating successfully through uncertain economic periods due to the strength of our talent and operating disciplines that are in full force, servicing our clients and rigorously managing our flexible cost base. We have multiple cost levers to align expenses with changes in revenue and our operators are executing as appropriate on both the revenue and expense sides.

Its earnings per share (EPS) expected to touch remained 5.40% for this year while earning per share for the next 5-years is expected to reach at 0.40%. IPG has a gross margin of 14.60% and an operating margin of 10.20% while its profit margin remained 6.40% for the last 12 months.

According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -11.93% from the mean of 20 days, -27.88% from mean of 50 days SMA and performed -29.93% from mean of 200 days price. Company’s performance for the week was 21.49%, -30.23% for month and YTD performance remained -34.16%.

Notable News Spotlight: TTEC Holdings (NASDAQ:TTEC)

TTEC Holdings (NASDAQ:TTEC) changed 12.98% to recent value of $33.95. The stock transacted 198319 shares during most recent day however it has an average volume of 178.99K shares. It spotted trading -32.71% off 52-week high price. On the other end, the stock has been noted 29.19% away from the low price over the last 52-weeks.

On March 24, 2020, TTEC Holdings (NASDAQ:TTEC) a leading digital global customer experience technology and services company focused on the design, implementation and delivery of transformative solutions for many of the world’s most iconic and disruptive brands, reported the following business update.

TTEC’s priority is the health and safety of its employees, clients’ service, and support of communities where it operates during these rapidly changing and unprecedented times. TTEC began preparing for the potential consequences of coronavirus/COVID-19 outbreak over two months ago. The company continues to serve its clients’ evolving needs through proactively leveraging its global contact center technology infrastructure and ensuring that its employees and clients have the access, tools, and technology they require to continue working safely and efficiently.

The company’s approach to @home work and business continuity support has been built over many decades, and includes helping clients establish and execute contingency plans across their operations with rapid deployment of scaled @home resources, on-demand remote capacity, and virtual technology solutions that help reduce risk and provide frontline assistance during this crisis.

Recent government-imposed restrictions around the world have significantly impacted businesses and their workforces. Certain TTEC operating centers have been affected by local lockdowns and restrictions on facilities access. Others may be impacted as the coronavirus/COVID-19 spreads. Given the overall uncertainty and fluidity of the current global pandemic response, coupled with how various government-imposed limitations may translate into client service delivery constraints, TTEC is withdrawing the guidance provided on March 4, 2020. TTEC continues to be highly engaged with new and existing clients leveraging its technology solutions and service capabilities to help its clients and their customers in this time of need. The company will provide more detailed analysis in conjunction with its first quarter 2020 earnings report.

TTEC has a gross margin of 27.50% and an operating margin of 7.50% while its profit margin remained 4.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained 113.70% for this year while earning per share for the next 5-years is expected to reach at 8.55%.

The company has 44.24M of outstanding shares and 17.94M shares were floated in the market. According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.87% from the mean of 20 days, -13.42% from mean of 50 days SMA and performed -21.99% from mean of 200 days price. Company’s performance for the week was 16.23%, -20.29% for month and YTD performance remained -14.31%.

Keep Your Eyes on Stock News: The Andersons (NASDAQ:ANDE)

The Andersons (NASDAQ:ANDE) stock identified change of 83.00% away from 52-week low price and recently located move of -45.45% off 52-week high price. It has market worth of $713.33M and dividend yield of 3.83%. ANDE stock has been recorded -13.01% away from 50 day moving average and -21.48% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.78% off 20-day moving average.

On March 24, 2020, The Andersons (NASDAQ:ANDE) declared that it will idle its ELEMENTTM ethanol facility in Colwich, Kansas, in the coming days for an extended maintenance and repair period and will take spring maintenance shutdowns at the four facilities owned by The Andersons Marathon Holdings LLC (TAMH), a joint venture between The Andersons and Marathon Petroleum Corporation.

Our primary reason for taking these actions now is the accelerating decline in demand resulting from the coronavirus (COVID-19) pandemic. In the case of the ELEMENTTM plant, The Andersons and ICM will use the time to focus on the remaining steps needed to gain what we anticipate will be an industry-low carbon score, said Jim Pirolli, president of The Andersons Ethanol Group.

For the TAMH plants, we will extend the spring maintenance shutdowns, allowing us to practice social distancing and good hygiene to protect our employees and the essential contractors who are required for the shutdown. We continue to communicate regularly with all our employees about staying healthy and modifying work practices to reduce the spread of the COVID-19 virus, added Pirolli.

The company expects to produce ethanol and its coproducts at approximately 50 percent of capacity in April, with a return to more normal production when demand improves. It also anticipates bringing the ELEMENT plant back into production in the latter part of the second quarter. These expectations are subject to the lessening of the economic restrictions caused by the COVID-19 pandemic. The Consumer Goods sector company, The Andersons noticed change of 1.95% to $18.3 along volume of 286689 shares in recent session compared to an average volume of 193.19K shares. The stock observed return of -0.33% in 5 days trading activity. The stock was at -5.96% over one month performance. ANDE’s shares are at -28.68% for the quarter and driving a -44.31% return over the course of the past year and is now at -27.61% since this point in 2018.

The average volatility for the week at 15.98% and for month was at 13.17%. There are 38.98M shares outstanding and 32.00M shares are floated in market. Right now the stock beta is 0.98.

Stock News Buzz: Agree Realty Corporation (NYSE:ADC)

Agree Realty Corporation (NYSE:ADC) stock observed trading -34.53% off 52-week high price. On the other end, the stock has been noted 16.54% away from low price over the last 52-weeks. The stock disclosed a move of -28.00% away from 50 day moving average and -26.41% away from 200 day moving average. Moving closer, we can see that shares have been trading -25.53% off 20-day moving average. It has market cap of $2.25B and dividend yield of 4.44%.

On March 19,2020, Agree Realty Corporation (NYSE:ADC) notified its year-to-date activities in response to the ongoing developments with COVID-19 and recent retail headlines, including a summary of its recent capital markets activities, acquisition and disposition activities, and an update on its real estate portfolio.

Capital Markets Update

Year-to-date, the Company has entered into forward sale agreements in connection with its at-the-market equity program (ATM Program) to sell an aggregate of 2,113,930 shares of common stock (the 2020 ATM Forward Offerings) at an average gross price of $74.69 per share. Upon settlement, the 2020 ATM Forward Offerings are anticipated to raise additional net proceeds of approximately $156.2 million after deducting fees and expenses.

Inclusive of the Company’s previously released 2019 ATM forward equity offerings, the Company has entered into forward sale agreements in connection with its ATM Program to sell 4,117,048 shares of common stock at an average gross price of $74.03 per share (the ATM Forward Offerings). Upon settlement, the ATM Forward Offerings are anticipated to raise net proceeds of approximately $300.9 million after deducting fees and expenses and making certain other adjustments as provided in the equity distribution agreements.

The USA based company Agree Realty Corporation moved with change of 1.72% to $52.71 with the total traded volume of 705306 shares in recent session versus to an average volume of 529.93K. The stock was observed in the 5 days activity at -27.59%. The one month performance of stock was -33.40%. ADC’s shares are at -23.77% for the quarter and driving a -22.15% return over the course of the past year and is now at -24.88% since this point in 2018.  Right now the stock beta is 0.68. The average volatility for the week and month was at 19.63% and 8.17% respectively. There are 42.71M shares outstanding and 42.71M shares are floated in market.

News Recap: United States Steel Corporation (NYSE:X)

United States Steel Corporation (NYSE:X) stock identified change of 16.52% away from 52-week low price and recently located move of -74.25% off 52-week high price. It has market worth of $1.06B and dividend yield of 3.02%. X stock has been recorded -38.40% away from 50 day moving average and -54.96% away from 200 day moving average. Moving closer, we can see that shares have been trading -24.47% off 20-day moving average.

On March 20, 2020, United States Steel Corporation (NYSE:X) provided first quarter 2020 guidance. First quarter 2020 adjusted EBITDA is expected to be approximately $30 million. The Company expects first quarter 2020 adjusted diluted loss per share to be approximately ($0.80).

Through the quarter, our Flat-rolled operations have performed well, and we are recognizing the operational and financial benefits of the investments in our assets that we have made over the past several years. Strong performance on reliability, quality, and productivity, combined with a continued focus on driving sustainable cost improvements across the footprint, have contributed to a better than expected first quarter to date, commented President and Chief Executive Officer David B. Burritt. The Tubular market continues to be challenging and conditions in Europe remain volatile. We are focused on preserving cash and liquidity in the current market environment.

Burritt continued, At U. S. Steel, safety is our top priority and we are continuing to set records related to safety performance, another indication that our facilities are running efficiently and reliably. We continue to monitor the impacts of the Coronavirus and are following policies and procedures recommended by health and government officials to ensure our employees are working in a safe and healthy environment. We understand the situation remains fluid and we are preparing our operations to be flexible as circumstances may warrant. Our regional supply chain minimizes the risk of significant supply-chain related production disruptions and we continue to work with our customers to provide value-added steel solutions as we execute our world-competitive, ‘best of both’ strategy.

The Basic Materials sector company, United States Steel Corporation noticed change of 0.19% to $5.29 along volume of 23827318 shares in recent session compared to an average volume of 16.46M. The stock observed return of -2.40% in 5 days trading activity. The stock was at -42.93% over one month performance. X’s shares are at -61.13% for the quarter and driving a -73.94% return over the course of the past year and is now at -53.64% since this point in 2018.

The average volatility for the week at 16.46% and for month was at 10.70%. There are 200.91M shares outstanding and 167.75M shares are floated in market. Right now the stock beta is 3.03.