Alliant Techsystems Inc. (NYSE:ATK) not issuing guidance due to pending closing of Orbital deal; Tetra Tech Inc. (Nasdaq:TTEK), Midcoast Energy Partners, L.P. (NYSE:MEP)

Alliant Techsystems Inc. (NYSE:ATK) not issuing guidance due to pending closing of Orbital deal. Due to the pending closing of the anticipated transaction, Alliant Techsystems (ATK) is not discussing its outlook or issuing financial guidance. On the anticipated closing date, February 9, ATK stockholders as of the applicable record date, February 2, will receive two shares of Vista Outdoor (VSTO) common stock for every one share of ATK common stock they hold. ATK traded in the red and closed at $127.99 for the day. The stock saw a change of $3.38(2.57%) with a volume of 455,857 shares. ATK has a market cap of $4.09B.

 

Tetra Tech Inc. (Nasdaq:TTEK) reports Q1 EPS 41c, consensus 35c. Reports Q1 revenue ex-items $437.1M, consensus $454.33M. Revenue in the quarter was $581.1M and revenue, net of subcontractor costs, was $437.1M, each down 10% compared to the prior year. The declines were primarily due to the decision to complete certain fixed-price construction activities and wind-down the Remediation and Construction Management segment. TTEK is part of the Services sector in Technical Services industry. The stock closed for the day at $23.81 with a change of $0.57 or 2.34%. TTEK traded in a range of $23.78 to $24.85 through the day. The stock’s 52 week range is $22.96 to $30.92.

 

Midcoast Energy Partners, L.P. (NYSE:MEP) raises quarterly distribution 1.5% to 34.25c per unit. Midcoast Energy Partners announced that the board of directors of its general partner has declared a quarterly cash distribution of 34.25 per unit, or $1.37 per unit on an annualized basis on all of its outstanding common and subordinated units, for the quarter ended December 31, 2014. The closing for MEP was $11.73 at the day’s end. It was a change of $0.41. MEP saw a market cap of $530.43M and its Trailing P/E was 119.69.