Archive for March, 2010
($HOT) Hotels & Lodging Stock Review – March 2010 – Industry Outlook
The operating environment in the hotels and lodging industry has continued to deteriorate in the last several quarters, and we expect the operating metrics to remain stretched in the near term. As the recession continues, both business and leisure travelers are cutting back on...
1Mar2010 | vitalstocks | 0 comments | Continued(FLR) Fluor Corporation Wins Mining Order
Fluor Corporation (FLR) announced that its joint venture with Sinclair Knight Merz was awarded a contract by BHP Billiton to execute the next phase of its Rapid Growth Program. The focus of the project will be the continued expansion of BHP Billiton’s iron ore operations...
1Mar2010 | vitalstocks | 0 comments | Continued(RRD) R.R. Donnelley & Sons Company Beats Consensus – Acquires Bowne
R.R. Donnelley & Sons Company (RRD), a leading provider of integrated communications and printing solutions, reported fourth quarter 2009 results that beat the Zacks Consensus Estimate by 3 cents. The challenging economic environment impacted RRD’s end-market demand and...
1Mar2010 | vitalstocks | 0 comments | Continued(EXPD) Expeditors International of Washington Earnings Report is Short of Forecasts
Expeditors International of Washington Inc.’s (EXPD) fourth quarter net income of 32 cents per share was below both the Zacks Consensus Estimate of 28 cents and the year-ago earnings of 36 cents. For the full year 2009, the company’s earnings declined 19% to $1.11 per share...
1Mar2010 | vitalstocks | 0 comments | Continued(FTR) Frontier Communications Meets Expectations but Profits Slide
Frontier Communications (FTR) announced fourth quarter results with adjusted (excluding acquisition and integration costs) earnings per share of 15 cents, matching the Zacks Consensus Estimate. The result represents an improvement from 11 cents a share reported a year-ago. For...
1Mar2010 | vitalstocks | 0 comments | Continued(SJM) The J.M. Smucker Company Beats Forecasts – Raises Guidance
The J.M. Smucker Company (SJM) reported results for the third quarter of 2010 with earnings of $1.17 per share. Earnings were well above the Zacks Consensus Estimate of 90 cents per share and were up 34.5% year-over-year. Profits were primarily driven by a successful Fall Bake...
1Mar2010 | vitalstocks | 0 comments | Continued(FDML) Federal-Mogul Corporation Reports Solid Fourth Quarter
Federal-Mogul Corporation (FDML) has revealed a profit of $46 million or 43 cents per share in the fourth quarter of 2009, in stark contrast to a loss of $532 million or $5.36 per share in the year-ago quarter. The profit also significantly increased from the Zacks Consensus...
1Mar2010 | vitalstocks | 0 comments | Continued(RCI) Rogers Communications Upgraded to Outperform
We have upgraded our recommendation to Outperform for Rogers Communications Inc. (RCI) following its fourth quarter 2009 financial results, which came ahead of the Zacks Consensus Estimate. Despite facing an extremely challenging economic environment, Rogers performed exceptionally...
1Mar2010 | vitalstocks | 0 comments | Continued(CRUS) Cirrus Logic – Earnings Beat the Street
Cirrus Logic Inc. (CRUS) beat Wall Street’s expectations on a 49% increase in revenue, sending estimates higher. Beat the Street On Jan 28 Cirrus reported quarterly results that included $65.2 billion in revenue, up 49%. Earnings per shares came in at 17 cents, a penny...
1Mar2010 | vitalstocks | 0 comments | Continued(HNT) Health Net Incorporated – Bull of the Day
Health Net’s (HNT) fourth quarter earnings per share came in at $0.69, marginally above the Zacks Consensus Estimate of $0.67 and the year-ago earnings of $0.61. Following the sale of its Northeast segment to UnitedHealth, Health Net will be able to concentrate on its core...
1Mar2010 | vitalstocks | 0 comments | Continued(TIVO) TiVo Incorporated – Bear of the Day
TiVo’s (TIVO) third-quarter results fell substantially from the prior-year quarter and missed the Zacks Consensus Estimate. Despite an improving spending environment, the company provided lower-than-expected guidance. TiVo faces increasing competition from cable and satellite...
1Mar2010 | vitalstocks | 0 comments | Continued(AMT) American Tower Corporation’s Profit Falls
American Tower Corp. (AMT) today declared fourth quarter 2009 financial results. On a GAAP basis, fourth quarter net income from continuing operations was $64.2 million or 16 cents per share compared to a net income of $82.8 million or 20 cents per share from continuing operations...
1Mar2010 | vitalstocks | 0 comments | Continued(HRB) H&R Block Announces That They Will Miss Previous Guidance
H&R Block Inc. (HRB) has recently announced that it would not be able to meet its previously announced fiscal 2010 guidance as it is preparing fewer tax returns than it had previously expected. As per H&R Block’s previous guidance, the company expected to report earnings...
1Mar2010 | vitalstocks | 0 comments | Continued(DISH) DISH Network Report Delivers Ahead of Expectations
DISH Network Corp. (DISH) declared fourth quarter 2009 financial results. Although the company’s fourth quarter earnings slipped 18% year-over-year on higher subscriber-related costs, they topped the Zacks Consensus Estimate. The company reported earnings of $179 million or...
1Mar2010 | vitalstocks | 0 comments | Continued(MGI) MoneyGram International Acquires Blue Dolphin
On Feb 26, MoneyGram International Inc. (MGI) announced the purchase of Blue Dolphin Financial Services in order to expand its payment services in high-growth potential European markets. The acquisition unlocks growth avenues for MoneyGram by allowing penetration in the Belgium,...
1Mar2010 | vitalstocks | 0 comments | Continued($AMP) Ameriprise Financial Analyst Raises Stock to Outperform
Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation for the shares of Ameriprise Financial Inc. (AMP) to Outperform from Neutral. Although the current economic turmoil has weakened growth and the operating leverage of organizations...
1Mar2010 | vitalstocks | 0 comments | Continued(PSA) Public Storage’s Revenues Plummet
Public Storage (PSA), a real estate investment trust (REIT) operating self-storage facilities, reported a decline in total revenues for fourth quarter 2009 to $402.9 million, compared to $416.8 million in the year-earlier quarter. For full year 2009, total revenues were $1.6...
1Mar2010 | vitalstocks | 0 comments | Continued(XEC) Cimarex Energy Company – Analysts Were Encouraged by the Strong Results
Cimarex Energy Co. (XEC) recently hit a new 52-week high above $60 on the company’s better than expected Q4 results from Feb 17. Fourth-Quarter Results Oil and gas revenue was up 10% from last year to $313.5 million. Earnings also came in ahead of the mark at $1.19, 24%...
1Mar2010 | vitalstocks | 0 comments | Continued(LTD) Limited Brands – Reports Fourth Quarter Ahead of Expectations
Limited Brands (LTD) has a Zacks Rank of #1, and analysts estimate that the company will grow its EPS 20.3% in fiscal year 2010. What’s more, Limited Brands has a current dividend yield of 2.8%. Limited Brands recently posted stronger-than-expected fourth-quarter 2009 results....
1Mar2010 | vitalstocks | 0 comments | Continued(TXT) Textron Unit Bell Helicopter Acquires Aviation Service
Bell Helicopter, a Textron Inc. (TXT) company acquired Prague, Czech Republic-based Aviation Service. The acquired company provides modifications and upgrades, avionics and special mission packages. Textron’s acquisition of the European aviation service provider will enhance...
1Mar2010 | vitalstocks | 0 comments | Continued(DECK) Deckers Outdoor Corporation – Guidance for the First Quarter and Full Year 2010
Deckers Outdoor Corporation (DECK) reported record fourth quarter results on Feb 25 that surprised on the Zacks Consensus Estimate by 20.83%. Deckers makes the popular UGG-brand of footwear, along with several other brands. UGGs are still hot as sales jumped 15.7% in the quarter...
1Mar2010 | vitalstocks | 0 comments | Continued(PML) Stronger Label Warnings for Biogen Idec’s Tysabri
The US Food and Drug Administration (FDA) recently issued a notice on its website regarding the risk of developing progressive multifocal leukoencephalopathy (PML) with increased use of Tysabri. Tysabri, which is marketed by Biogen Idec (BIIB) and Elan Corp. (ELN), is approved...
1Mar2010 | vitalstocks | 0 comments | Continued(JPM) FDIC Reports Two More Bank Failures Hitting Total of Twenty-Two in 2010
Though the economy is showing signs of a gradual recovery, tumbling home prices, soaring loan defaults and rising unemployment continue to take toll on small banks. As a result, U.S. regulators on Friday shuttered two more banks in Nevada and Washington. This brings the total...
1Mar2010 | vitalstocks | 0 comments | Continued(RSH) RadioShack Analyst Downgrades the Stock to Neutral
We downgrade our recommendation for RadioShack Corp. (RSH) to Neutral, due to our concern regarding future sales potential of the company’s non-wireless product categories. RadioShack’s fourth quarter 2009 financial results were mostly in line with the Zacks Consensus Estimates....
1Mar2010 | vitalstocks | 0 comments | Continued(EIX) Edison International’s Results Push Past Estimates
Edison International’s (EIX) adjusted EPS of 59 cents in the fourth quarter of fiscal 2009 pushed past the Zacks Consensus EPS estimate of 40 cents by 19 cents. However, adjusted EPS for the quarter fell short of the year-ago EPS of 66 cents. The company clocked EPS of $3.25...
1Mar2010 | vitalstocks | 0 comments | Continued