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Stocks on the Move: Cummins Inc. (NYSE:CMI), Buffalo Wild Wings (NASDAQ:BWLD), AMTEK, Inc. (NYSE:AME)

Stocks on the Move: Cummins Inc. (NYSE:CMI), Buffalo Wild Wings (NASDAQ:BWLD), AMTEK, Inc. (NYSE:AME)
Written by
Joel Najarian
Published on
October 28, 2014
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Cummins Inc. (NYSE:CMI), the diesel-engine manufacturer reported Q3 results above analysts' expectations and boosted its full-year sales outlook, even as the company said it is considering cost-cutting moves to cope with weak global demand for power-generation equipment. Cummins Inc. (NYSE:CMI) is trading in a 52-week range of $122.52 to $161.03. For the quarter ended Sept. 28, 2014, net income attributable to the company totaled $423 million, or $2.32 per diluted share, up from $355 million, or $1.90 per diluted share, for the quarter ended Sept. 29, 2013. On average, analysts polled by Capital IQ had expected $2.29.Net sales rose to $4.89 billion from $4.89 billion from $4.27 billion a year earlier, topping the $4.72 billion expected by the Street. The sales growth "was driven by stronger demand in on-highway markets and distributor acquisitions in North America, additional content growth for the Components business in Europe and China and higher engine sales to commercial marine customers," the company said. Revenue in North America increased 19% and international sales rose 10%. Still, the company said it expects 2014 revenue growth of 10% to 12%, up from its prior forecast for revenue growth of 8% to 11%. In making the guidance boost, it cited stronger demand in North America. Analysts were recently projecting revenue growth of 9.8% to about $19 billion.Restaurant chain Buffalo Wild Wings (NASDAQ:BWLD) has been upgraded by analysts at Robert W. Baird to an outperform rating from neutral. The firm also raised its price target on the stock to $180 from $160 a share, which marks a potential upside of 35% from its Monday closing price. Shares of Buffalo Wild Wings (NASDAQ:BWLD) are moving within a 52-week trading range of $121.76 - $167.64.AMTEK, Inc. (NYSE:AME) posted mixed financial results for Q3, or the quarter ended Sept. 30, 2014, with better-than-expected earnings and revenue that matched analysts' expectations; it also revised its earnings guidance for fiscal 2014 in line with forecasts. The global manufacturer of electronic instruments and electromechanical devices reported Q3 net income of 141.8 million or $0.57 per share, compared with the prior-year period's $127.86 million or $0.52 per share. Adjusted earnings were $0.62 per share, excluding Zygo integration costs. The Capital IQ analyst estimate is for $0.61 EPS.AMTEK, Inc. (NYSE:AME) revenue was $1.03 billion, up 16% from $890 million in the same quarter last year. Analysts were expecting revenue of $1.027 billion. The company expects fiscal 2014 revenue to be up low double digits on a percentage basis from revenue in 2013. It now sees EPS of $2.40 - $2.42, excluding Zygo integration costs, up from the previous guidance range of $2.37 - $2.40 EPS. The Street view is for EPS of $2.41. Shares closed at $51.28 with a 52-week range of $45.12 - $54.50.

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