Archive for March, 2010
(ZUMZ) Zumiez Same-Store Sales Increase
Zumiez Inc. (ZUMZ), a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, reported better-than-expected same-store sales in Feb 2010. Consequently, Zumiez’s shares jumped more than $3.75 to $19.78 in early morning trade on the Nasdaq. Total...
4Mar2010 | vitalstocks | 0 comments | Continued(CNK) Cinemark Holdings Incorporated – Revenue Was Up 32% From Last Year
Cinemark Holdings Inc. (CNK) recently hit a new 52-week high just above $17 on strong Q4 results from late February that pushed estimates higher. Company Description Cinemark Holdings, Inc. and its subsidiaries own and operate a chain of movie theatres in the united States and...
4Mar2010 | vitalstocks | 0 comments | Continued($JPM) JPMorgan Chase & Company to Reopen Kangaroo Bonds
JPMorgan Chase & Co. (JPM) said recently that it intends to be the first Wall Street firm to issue Kangaroo bonds in Australia since Lehman Brothers collapsed in 2008, Bloomberg reported. Kangaroo bonds are denominated in Australian dollars and primarily sold to Australian...
4Mar2010 | vitalstocks | 0 comments | Continued(ABM) ABM Industries Lags Earnings Consensus Estimates
ABM Industries Inc. (ABM) recently reported fiscal first-quarter earnings of 27 cents per share, which is below the Zacks Consensus Estimate of 32 cents, but higher than the prior year earnings of 25 cents per share. Despite lower year-over-year revenues in three of four segments,...
4Mar2010 | vitalstocks | 0 comments | Continued(MDVN) Medivation Shares Fall on Alzheimer’s Phase III Data
Medivation, Inc. (MDVN) shares fell 67% following the release of disappointing phase III results on lead pipeline candidate dimebon. The company, along with partner Pfizer, Inc. (PFE), suffered a huge setback when dimebon failed to achieve both its primary and secondary endpoints...
4Mar2010 | vitalstocks | 0 comments | Continued($MSFT) Microsoft Corporation – Bull of the Day
Microsoft Corp. (MSFT) is one of the largest software companies in the world. The company’s operating systems are installed on nearly all computers anywhere in the world. Therefore, the recovery in the PC market is encouraging. The huge core business, management’s...
4Mar2010 | vitalstocks | 0 comments | Continued(NOVL) Novell To Be Acquired By Its Largest Shareholder, Elliott
Enterprise software marker and leading technology company Novell, Inc. (NOVL) announced that it has received a buyout offer from Elliott Associates, L.P., the largest institutional stockholder of Novell, which holds approximately 8.5% of NOVL common stock. Elliott is an investment...
4Mar2010 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Analysts Maintain Rating At Neutral
We recently reiterated our Neutral rating on Boston Scientific Corp. (BSX) with a target price of $8 based on a P/E of 18.6x our fiscal 2010 EPS estimate of 43 cents. Boston Scientific reported strong fourth quarter and fiscal 2009 results. For the fourth quarter, earnings per...
4Mar2010 | vitalstocks | 0 comments | Continued(BIOS) BioScrip’s Fourth Quarter Report Shows Revenue Slide
BioScrip Inc. (BIOS) reported fourth-quarter earnings of 99 cents per share Incorporatedluding the impact of items such as the reversal of deferred tax valuation allowance of $41.1 million, expenses of $1.8 million associated with the pending acquisition of Critical Homecare...
4Mar2010 | vitalstocks | 0 comments | Continued(NOA) North American Energy Partners Incorporated – Consensus Estimates Soar
North American Energy Partners Inc. (NOA) posted a big earnings surprise in the third quarter as the pipeline segment picked up. NOA is trading at 12.11x forward earnings. Company Description North American Energy Partners provides heavy construction, mining, piling and pipeline...
3Mar2010 | vitalstocks | 0 comments | Continued(LFUS) Littelfuse Incorporated – Reports Another Earnings Surprise
Littelfuse, Inc (LFUS) topped analysts expectations once again. This was the third consecutive earnings surprise and shares continue to climb. Company Description Littelfuse makes components a variety electrical components that are used in the auto, computer and other industries....
3Mar2010 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health – Earnings Estimates Are Moving Higher
Cardinal Health (CAH) provides investors with 10% earnings growth and a dividend yield of 2%. Company Description Cardinal Health is one of the largest distributors of pharmaceuticals and medical supplies. The company is also a leading provider of products and services that improve...
3Mar2010 | vitalstocks | 0 comments | Continued(ALTH) Allos Therapeutics’ Earnings Report Extends Losses
Allos Therapeutics’ (ALTH) fourth quarter loss per share came in at 22 cents, worse than the Zacks Consensus Estimate of 20 cents and a loss of 18 cents reported in the year-ago period. For 2009, the company reported a loss per share of 81 cents compared to 69 cents in 2008. In...
3Mar2010 | vitalstocks | 0 comments | Continued(CMS) CMS Energy Earnings Report Tops Estimates
CMS Energy Corporation’s (CMS) fourth-quarter earnings of 38 cents pushed past the Zacks Consensus EPS estimate of 36 cents and 30 cents in the prior-year quarter. The company clocked an EPS of $1.26 in fiscal 2009 compared to the Zacks Consensus Estimate of $1.24. Fiscal 2009...
3Mar2010 | vitalstocks | 0 comments | Continued(AMSF) Amerisafe Report Misses Substantially
Amerisafe, Inc.’s (AMSF) fourth quarter operating earnings of 32 cents per share came in substantially short of the Zacks Consensus Estimate of 58 cents. This also compares unfavorably with the earnings of 94 cents in the prior-year quarter. Results for the reported quarter...
3Mar2010 | vitalstocks | 0 comments | Continued(AMAG) AMAG Pharmaceuticals Reports Narrower Fourth Quarter Loss
AMAG Pharmaceuticals Inc. (AMAG) reported a fourth-quarter fiscal 2009 net loss of $18.4 million, or $1.07 per share, which was lower than the year-ago loss of $21.8 million, or $1.28. The Zacks Consensus Estimate for the reported quarter was a loss of $1.08. The lower loss in...
3Mar2010 | vitalstocks | 0 comments | Continued(AMPH) American Physicians Service Group Tops Earnings Estimates
American Physicians Service Group Inc.’s (AMPH) fourth quarter operating earnings of 96 cents per share were significantly ahead of the Zacks Consensus Estimate of 73 cents. The company had earned 67 cents in the year-ago quarter. Results reflected a favorable claims environment,...
3Mar2010 | vitalstocks | 0 comments | Continued(MWE) MarkWest Energy Partners L.P. Tops The Street View
MarkWest Energy Partners L.P. (MWE), a master limited partnership (MLP), reported significantly better than expected fourth quarter results. Earnings per unit, excluding mark-to-market derivative loss and compensation expense, came in at 75 cents, which was way ahead of the Zacks...
3Mar2010 | vitalstocks | 0 comments | Continued(ALU) Alcatel-Lucent Earnings Report Comes Up Short
Alcatel-Lucent (ALU) reported earnings from continuing operations of 5 cents per share for the fourth quarter of 2009, below the Zacks Consensus Estimate of 9 cents. Fourth quarter revenue decreased 19.9% year-over-year, but increased 7.6% sequentially to €3.967 billion. At...
3Mar2010 | vitalstocks | 0 comments | Continued(SGMS) Scientific Games Reports Quarterly Loss
Scientific Games Corporation (SGMS) reported a loss for the fourth quarter of 2009 versus the analysts’ expectations of a profit, primarily hurt by lower instant ticket and service revenue, which caused the shares to slide after the company released its results. Shares fell...
3Mar2010 | vitalstocks | 0 comments | Continued(DRQ) Dril-Quip Reports Tops Consensus Forecasts
Dril-Quip Inc. (DRQ) reported fourth-quarter earnings of 72 cents per share, beating the Zacks Consensus Estimate of 70 cents and year-earlier profit of 64 cents. The favorable statistics were mainly driven by contribution from service and subsea equipment revenues. Revenue was...
3Mar2010 | vitalstocks | 0 comments | Continued(RCRC) RC2 Raised to Neutral by Analysts
We are upgrading our recommendation on RC2 Corp. (RCRC) to Neutral from Underperform. RC2’s fourth-quarter earnings of 43 cents per share was ahead of the Zacks Consensus Estimate of 41 cents. The better-than-expected results were driven by a favorable product mix and higher...
3Mar2010 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Raises Quarterly Dividend
Qualcomm Inc. (QCOM) has decided to raise its quarterly cash dividend by 12% and also increase the size of the ongoing share buy-back program. The Board of Directors of Qualcomm has approved the increase of quarterly cash dividend from 17 cents to 19 cents per share of common...
3Mar2010 | vitalstocks | 0 comments | Continued(MIL) Merck KGaA Buys Millipore (Revised)
Millipore Corporation (MIL), a leading life science company, and Merck KGaA, the Germany-based pharmaceutical and chemicals company, entered into a definitive agreement under which Merck will acquire all outstanding shares of common stock of Millipore for US$107 per share in...
3Mar2010 | vitalstocks | 0 comments | Continued(MFE) McAfee Analyst Initiates Coverage at Neutral
We are initiating coverage on McAfee Inc. (MFE) with a Neutral rating and a price target of $42.00. We believe McAfee is fairly valued at its current P/E multiple of 17.0X our 2010 EPS estimate of $2.34, which is a substantial discount to the industry average. Historically,...
3Mar2010 | vitalstocks | 0 comments | Continued(TGI) Triumph Group Acquires Fabritech
Triumph Group Inc. (TGI) announced the acquisition of Fabritech Inc., a leading component manufacturer and repair station for critical military rotary-wing platforms. The acquired business will operate as Triumph Fabrications-St. Louis and be part of Triumph Aftermarket Services...
3Mar2010 | vitalstocks | 0 comments | Continued(R) Ryder System Incorporated – Bear of the Day
We are initiating coverage on Ryder System, Inc. (R) with an Underperform recommendation. The company’s fourth quarter earnings were a nickel short of the Zacks Consensus Estimate. The decline was driven by decreased global results in full service lease, higher pension...
3Mar2010 | vitalstocks | 0 comments | Continued(NDAQ) Nasdaq OMX Group Analyst Initiates Coverage at Neutral
Recently, we initiated coverage on Nasdaq OMX Group Inc. (NDAQ) with a Neutral recommendation. The company’s fourth quarter earnings surpassed the Zacks Consensus Estimate by a couple of cents on low charges and efficient expense management. However, the top-line declined on...
3Mar2010 | vitalstocks | 0 comments | Continued(GB) Greatbatch’s Quarterly Report Beats Expectations
Greatbatch, Inc. (GB) reported fourth quarter and fiscal 2009 results. The company’s fourth-quarter earnings per share of 40 cents beat the Zacks Consensus Estimate of 34 cents. However, earnings per share in the year-ago quarter was 50 cents. For fiscal 2009, earnings per...
3Mar2010 | vitalstocks | 0 comments | Continued(SPLS) Staples’ Quarterly Earnings Report In Line With The Street
Staples Inc. (SPLS), the global leader in the supply of office products, recently reported fourth-quarter 2009 financial results that remained in line with the Zacks Consensus Estimate. The quarterly earnings of 38 cents a share rose 5.6% from 36 cents posted in the prior-year...
3Mar2010 | vitalstocks | 0 comments | Continued