On 12 JUNE Scorpio Tankers Inc. (NYSE:STNG) announced earnings guidance for the three months ended June 30, 2014 and updated the status of its common share acquisitions. During the second quarter of 2014, the Company has acquired 11,493,432 of its common shares that are being held as treasury shares, which includes (i) 3,993,432 common shares that were purchased in the open market under the Stock Buyback Program announced on April 28, 2014 at an average price of $8.87 per share, and (ii) 7,500,000 common shares that were acquired in exchange for 3,422,665 shares in Dorian. Scorpio Tankers Inc. (NYSE:STNG) net profit margin is 26.70% and weekly performance is -3.58%. On last trading day company shares ended up $8.88. Scorpio Tankers Inc. (NYSE:STNG) distance from 50-day simple moving average (SMA50) is -1.32%.
On 30 MAY NOW Inc (NYSE:DNOW) announced the election of the five new directors to the board of directors (“Board”): Richard Alario, Terry Bonno, James Crandell, Galen Cobb and Michael Frazier. Messrs. Alario, Crandell, Cobb and Frazier and Ms. Bonno join Merrill A. “Pete” Miller, Jr., Robert R. Workman, Rodney W. Eads and J. Wayne Richards, who have been serving as directors of Distribution NOW Inc (NYSE:DNOW) since its registration statement on Form 10 went effective earlier this month. NOW Inc (NYSE:DNOW) shares advanced 1.02% in last trading session and ended the day on $33.55.
On 4 JUNE Quinpario Acquisition Corp (NASDAQ:QPAC) announced that it has set a record date of June 16, 2014 (the “Record Date”) and a meeting date of June 30, 2014 for the special meeting in lieu of the 2014 annual meeting of stockholders of Quinpario (the “Special Meeting”) relating to the previously announced business combination between Quinpario and Jason Incorporated (“Jason”). Quinpario Acquisition Corp (NASDAQ:QPAC) shares moved up 0.29% in last trading session and was closed at $10.26, while trading in range of $10.20 – $10.26. Quinpario Acquisition Corp (NASDAQ:QPAC) year to date (YTD) performance is 1.58%.
On 12 JUNE REX American Resources Corp (NYSE:REX) reported $2.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.50 by $0.17. The company had revenue of $155.94 million for the quarter, compared to the consensus estimate of $178.42 million. During the same quarter last year, the company posted $0.40 earnings per share. Analysts expect that Rex American Resources Corp. will post $7.66 EPS for the current fiscal year. REX American Resources Corp (NYSE:REX) ended the last trading day at $76.80. Company weekly volatility is calculated as 4.38% and price to cash ratio as 5.00. REX American Resources Corp (NYSE:REX) showed a positive weekly performance of 4.38%.
On 7 JUNE Icahn Enterprises LP (NASDAQ:IEP) said that he intends to try to engage in conversations with Family Dollar’s senior management and board of directors to discuss the company’s “business and strategies to enhance shareholder value. Icahn Enterprises LP (NASDAQ:IEP) net profit margin is 4.90% and weekly performance is -1.62%. On last trading day company shares ended up $100.55. Analysts mean target price for the company is $115.00. Icahn Enterprises LP (NASDAQ:IEP) distance from 50-day simple moving average (SMA50) is 1.22%.