RockTenn to Present at the Bank of America 2013 US Basic Materials Conference
Steve Voorhees, Chief Executive Officer of RockTenn, will speak to the investment community at 11:45 a.m., EST on Wednesday, Dec.11, 2013, at the Bank of America 2013 US Basic Materials Conference in Boston.
Rock-Tenn Price Target Cut to $110.00
The firm currently has a "hold" rating on the stock. Deutsche Bank's target price suggests a potential upside of 10.33% from the company's current price.
Tuesday Sector Laggards: Packaging & Containers, Home Builders
In trading on Tuesday, packaging & containers shares were relative laggards, down on the day by about 2.3%.
The Motley Fool
Rock-Tenn Beats Big on the Bottom Line
However, adjusted net income came in at $195.6 million, or $2.66 per share, almost double the $100.4 million, or $1.39 per share, in the same period in 2012, which was $0.20-per-share better than the CapIQ estimates of $2.46 per share.
RockTenn Reports Fourth Quarter Fiscal 2013 Earnings Up 111% Over the Prior Year Quarter
RockTenn today reported earnings for the quarter ended September 30, 2013 of $2.40 per diluted share and adjusted earnings of $2.66 per diluted share.