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SEC.gov Updates: News DigestFeb 21, 2020
10-K - MANTECH INTERNATIONAL CORP (0000892537) (Filer)
2020-02-21 0000892537-20-000006 10 MB

MarketWatch MarketPulseFeb 21, 2020
ITT beats earnings expectations and lifts dividend, but gives downbeat outlook on coronavirus outbreak
ITT Inc. reported Friday fourth-quarter earnings that beat expectations and raised its dividend by 15%, but provided a downbeat outlook included an estimated impact from the coronavirus outbreak in China. The stock was still inactive in premarket trading. Net income at the engineered components company rose to $68.4 million, or 77 cents a share, from $51.9 million, or 58 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 99 cents, above the FactSet consensus of 92 cents. Revenue rose 6% to $719.1 million, topping the FactSet consensus of $716.6 million, as beats in the motion technologies and industrial process segments offset a miss in connect and control technologies. For 2020, the company currently expects adjusted EPS of $3.87, with a wider range of $3.72 to $4.02, compared with the FactSet consensus of $3.99, and revenue to be down 1%, with a range of down 3% to up 1%, while expectations of $2.92 billion implies 2.5% growth. ITT raised its quarterly dividend to 16.9 cents a share from 14.75 cents, with the new dividend payable April 6 to shareholders of record on March 16. Based on Thursday's stock closing price of $68.87, the new annual dividend rate implies a dividend yield of 0.98%, compared with the implied yield for the S&P 500 of 1.80%. ITT's stock has slipped less than 0.1% over the past three months, while the S&P 500 has gained 8.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Yahoo BusinessFeb 21, 2020
Virgin Galactic's Share Price Has Left the Stratosphere
(Bloomberg Opinion) -- A year ago Richard Branson was on his private island, Necker, when the former Twitter executive Adam Bain came to see him with a proposal for how to take Branson's suborbital space travel company public.The bearded British billionaire is doubtless glad he took the meeting: After an unsteady start, Virgin Galactic Holdings Inc.'s valuation has rocketed. The stock has surged more than 400% since a low in December, valuing the company at close to $8 billion, or almost 2,000 times the revenues it's estimated to have generated in 2019. (For comparison, Uber Technologies Inc. trades on about 5.5 times last year's revenue).Vieco USA, a Virgin-controlled entity, still owns more than half of the shares,(1) meaning Branson's net worth — estimated by the Bloomberg Billionaires Index at about $5 billion before the listing — is suddenly a whole lot bigger. The loss-making company is now his most valuable asset. There haven't been any big company developments to justify such market euphoria, which makes you wonder whether it's sustainable. The stock gains since the start of this year are about double those enjoyed by Tesla Inc.'s rip-snorting shares.Several hedge funds, including Suvretta Capital Management, which owns 3.4% of Virgin Galactic's equity, have profited from the surge but plenty of its peers are betting that a meeting with cold reality is inevitable. About 30% of the free float has been shorted, according to IHS Markit data. This space battle isn't for the fainthearted, and there's a danger t

The Motley FoolFeb 21, 2020
Puma Biotechnology Inc (PBYI) Q4 2019 Earnings Call Transcript
PBYI earnings call for the period ending December 31, 2019.

Google Business NewsFeb 20, 2020
U.S. dollar, bonds get safe-haven rush as virus spreads - Investing.com
U.S. dollar, bonds get safe-haven rush as virus spreads  Investing.comUS dollar, bonds get safe-haven rush as virus spreads  msnNOWAsian funds seek a sheltered shore in U.S. assets  ReutersStocks Mixed on Virus Jitters; Dollar Holds Gain: Markets Wrap  BloombergStocks Fall With Tech Leading Losses; Dollar Jumps: Markets Wrap  Investing.comView Full Coverage on Google News

FT.com - China, Economy & TradeFeb 20, 2020
Coronavirus: Apple supplier Foxconn warns over revenue hit
Announcement is clearest indication yet of outbreak's impact on the global technology supply chain
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