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NEW YORK, March 6, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting MasTec, Inc. (NYSE: MTZ), Pike Electric Corporation (NYSE: PIKE), D.R. Horton, Inc. (NYSE: DHI), Xinyuan Real Estate Co., Ltd. (NYSE: XIN) and Standard Pacific Corp. (NYSE: SPF). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
MasTec, Inc. Research Report
MasTec rose by around 2 percent after the infrastructure construction company reported its fourth quarter and full year results. The company's quarterly revenue was up by 27 percent to $932 million, with organic growth of 25 percent. Furthermore, annual revenue was up 32 percent to $3.7 billion. The company is upbeat about its future prospects, starting the year with record levels of backlog. Furthermore, the company is confident that it is well-positioned to capitalize on growing markets like oil & gas, electrical transmission and wireless. The company has also invested more on equipment to support growth, with capital expenditures for 2013, currently estimated at $100 million, compared to $80 million in 2012. The Full Research Report on MasTec, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/4460_MTZ]
Pike Electric Corporation Research Report
Pike continues to attract interest after the company reported stellar revenue growth of 59 percent for the last quarter, driven by strong construction revenue. Pike Chairman and CEO J. Eric Pike comments that earnings for the six months ended December 31, 2012 are already three times higher than the 31 cents per diluted share that the company reported for the fiscal year ended June 30, 2012, proving that that the company is on its way to a record year. Following these results, Pike had its price target boosted by FBR Capital from $14 to $17, and the firm currently has an outperform rating on the stock. The Full Research Report on Pike Electric Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/31ab_PIKE]
D.R. Horton, Inc. Research Report
D.R. Horton recently purchased 28 residential lots in Smyrna for roughly $1.4 million. The company bought the remaining vacant developed lots from developer Scott Sohr, and Sohr expects D.R. Horton to acquire more lots in the Nashville area. According to Jason Brown, regional director of Metrostudy, a Houston-based research firm, "There are a lot of builders who would like to be in Nashville because of a solid performing market." Earlier this year, D.R. Horton reported that net sales orders increased 60 percent to $1.3 billion. Moving forward, the company expects to capitalize on the high demand for construction services. The Full Research Report on D.R. Horton, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/5465_DHI]
Xinyuan Real Estate Co., Ltd. Research Report
Xinyuan has been making headlines after the China-based real estate developer reported strong fourth quarter and full year 2012 financial results. Xinyuan Chairman and CEO Yong Zhang notes the stability of China's property market and expects the housing market to remain healthy. The company's fourth quarter revenue totaled at $263 million, up 37 percent from $199 million from the fourth quarter of 2011.In order to continue its momentum, the company has begun pre-selling its Zhengzhou Century East A properties, and expects to debut four additional projects within the year. The company also plans to pursue land acquisitions and development projects to fuel growth. The Full Research Report on Xinyuan Real Estate Co., Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/78ac_XIN]
Standard Pacific Corp. Research Report
Standard Pacific was proud to report its strong 2012 financial performance, with fourth quarter net income of $486 million, or $1.22 per diluted share. Fourth quarter net new orders are also up 60 percent and backlog was up 106 percent year-over-year. The company's CEO and President Scott Stowell commented that the solid demand experienced during the first month of 2013 makes him optimistic that the company is off to strong performance for the rest of the year. With a growing backlog and strong demand, the company is well-positioned for growth. The Full Research Report on Standard Pacific Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/ef53_SPF]
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