Stocks To Follow: New Jersey Resources Corp (NYSE:NJR), Avnet, Inc. (NYSE:AVT), Leggett & Platt, Inc. (NYSE:LEG)

Chris Brown - April 1, 2014

Boston, MA 04/01/2014 (wallstreetpr) – Owing to higher earnings outlook and increasing earnings estimates, New Jersey Resources Corp (NYSE:NJR) has earned Zacks “strong buy” recommendation. The company is also noted for its consecutive earnings surprises in the last four quarters, leading to average earnings beat of more than 18 percent. In the last quarter, NJR topped consensus view at 94 cents EPS against 89 cents. As NJR gets its business on solid grounds thanks to increasing customer network and disciplined costs and expenses management, the company’s management deemed it fit to adjust earnings estimates for the current fiscal year upwards. Thus, from the previous guidance of between $2.75 and $2.95 per share, the management has modeled EPS to come between $3.90 and $4.10 per share. On the basis of the promising future and solid position already attained, New Jersey Resources Corp (NYSE:NJR) is worth considering for investment.

Avnet, Inc. (NYSE:AVT) looks interesting for uptake on various accounts. That the company’s last reporting exceeded consensus estimates was one way to reveal the improved fundamentals in AVT. The company’s largest revenue earner is IT products. And with Gartner predicting U.S. IT spending to grow by 3.1 percent in 2014, a condition that sits well for AVT, which thrives in the business of proving technology solutions on various platforms. Besides the promising market condition, its attractive share repurchase plans and restructuring initiatives suggest that bottom line will be able to find support. Moreover, Avnet, Inc. (NYSE:AVT) is inking various distribution agreements which should drive up its top line, not to mention the synergies from its strategic acquisitions.

 In the midst of threatened profit margins and competition, Leggett & Platt, Inc. (NYSE:LEG) through its consumer products division has deemed it right to introduce new products. The company announced new beds which are among the products to be shown off at the Leggett & Platt consumer showroom between April 5 and 10. The company is looking to tapping higher revenue through its consumer group operations in a market that is growing increasingly complex and competitive. But with the right skill sets in place and a track record that speaks for itself, Leggett & Platt, Inc. (NYSE:LEG) believes that it has the best to offer for the customers.

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Chris Brown

About Me: I have a Phd in Economics Gender: Male Interests: Playing games like cricket, volleyball Favorite Music: hip hop, rock, jazz

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