Aggressive Stocks: Fiat Chrysler Automobiles N.V. (NYSE:FCAU), General Mills, Inc. (NYSE:GIS), McCormick & Company, Incorporated (NYSE:MKC)

April 25, 2023 3:17 pm0 commentsViews: 68

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) recently declared that it aims to invest around $280M in its manufacturing joint venture, Fiat India Automobiles Private Limited, by means of Tata Motors Limited. The investment in the manufacturing facility in Ranjangaon, India, will support the production of a new Jeep vehicle and is expected to begin production in the second quarter of 2017. The company noted that Ranjangaon will be the fourth plant outside of the U.S. for volume production of Jeep vehicles. Jeep branded vehicles are also currently built in Italy and Brazil, and will begin production in China in the fourth quarter of 2015. Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has the market capitalization of 18.40 Billion. Shares of firm plunged -2.32% to close at $14.29 with the total traded volume of 4.27 Million. The firm has current ratio of 1.30 for the most recent quarter.

General Mills, Inc. (NYSE:GIS) recently declared that its Q4 net income to firm of $186.8M or $0.30 per share, as compared to $404.6M or $0.65 per share, previous year. The firm articualted that it recorded an intangible asset impairment charge of $260M, a $79M charge related to the repatriation of foreign earnings, as well as restructuring and project-related charges totaling $35 million pretax, for the fourth quarter in 2015. Adjusted earnings per share totaled $0.75 for the fourth quarter. On a constant-currency basis, General Mills expects fiscal 2016 net sales to be essentially match the 2015 levels that included a 53rd week. Constant-currency adjusted EPS is expected to grow at a mid single-digit rate from the base of $2.86 earned in fiscal 2015. At current exchange rates, the company estimates a 4-cent headwind to fiscal 2016 adjusted EPS from currency translation. General Mills, Inc. (NYSE:GIS) begun last trade with a price of $57.18 and throughout the trading session climbed at a high of $57.80. The day-trade ended with -0.07% to $57.05.

A global leader in flavor, McCormick & Company, Incorporated (NYSE:MKC) currently declared that its second-quarter net income of $84.3M or $0.65 a share, as compared to $84.5 million or $0.64 a share, previous year. The firm articulated that its EPS in the Q2 of 2015 included an unfavorable impact of $0.10 from special charges. Excluding the impact of special charges, adjusted net income was $97.2 million or $0.75 per share, for the quarter. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.68 for the quarter. Analysts’ estimates typically exclude special items. McCormick & Company, Incorporated (NYSE:MKC) stock price closed at $79.96 with the total traded volume of 1.24 Million shares.


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