All Posts Tagged With: "FO"

(AVY) Avery Dennison Selling Office Business

Avery Dennison Corporation (AVY) is divesting its underperforming Office and Consumer Products to its competitor 3M Co. (MMM), the maker of Post-it notes and Scotch...

9Jan2012 | | 0 comments | Continued

(DHI) U.S. Housing Starts Down – Permits Up

Housing Starts fell in August to a seasonally adjusted annual rate of 571,000 from 601,000 in July, a decrease of 5.0%. However, the July numbers were revised lower from 604,000, so it is possible to see the decrease as 34,000, or 5.5%. The number was also slightly below the expected level of 575,000.

Relative...

21Sep2011 | | 0 comments | Continued

(DHI) U.S. New Home Sales Still Awful

New Home Sales in May fell by 1.0% from May, to a rate of 312,000. Relative to a year ago, sales are up 1.6%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales. Also, there was a downward revision to the May numbers of 4,000 to 315,000. Thus, relative to where...

31Jul2011 | | 0 comments | Continued

(DHI) U.S. Housing Starts and Building Permits Rise

Housing Starts rose in June to a seasonally-adjusted annual rate of 629,000 from 549,000 in May, an increase of 14.6%.

However, the May numbers were revised lower from 560,000, so it is possible to see the increase as 69,000, or 12.3%. Relative to a year ago they are up 11.8%.

Quite...

20Jul2011 | | 0 comments | Continued

(FO) Fortune Brands Splits in Two

The leading consumer brands company Fortune Brands Inc. (FO) announced that following the spin-off of its Home & Security business, the separated companies will trade under two different symbols as independent entities on the New...

5Jul2011 | | 0 comments | Continued

(DEO) Diageo Gets Permit to Enter China

The world’s largest spirits group, Diageo Plc. (DEO), got approval of the Chinese authorities to increase its stake in the Quanxing Group, a Chinese white spirits group based in Sichuan Province, taking its share to 53 per cent.

On...

29Jun2011 | | 0 comments | Continued

(DHI) New Homes Sales Down Less than Expected

New Home Sales in May fell by 2.1% from April, to a rate of 319,000. Relative to a year ago, sales are up 13.5%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales.

Offsetting the decline was an upward revision to the April numbers of 3,000 to 326,000....

23Jun2011 | | 0 comments | Continued

(DHI) New Home Sales Report Up But Still Ugly

New Home Sales in April rose by 7.3% from April, to a rate of 323,000. Relative to a year ago, sales are down 23.1%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales.

In additional good news about the direction of new home sales, the March sales levels...

1Jun2011 | | 0 comments | Continued

(AVY) Avery Dennison Earnings Beat Consensus

Avery Dennison Corporation (AVY) reported adjusted earnings per share (EPS) of 51 cents in its first quarter 2011, beating the Zacks Consensus Estimate of 47 cents. EPS in the quarter however posted a decline of 16% from the adjusted...

3May2011 | | 0 comments | Continued

(DHI) U.S. New Home Sales Better – Levels Are Still Bad

New Home Sales in March rose by 11.1% from March, to a rate of 300,000. Relative to a year ago, sales are down 21.9%. While the rebound is more than welcome, it is still a very dismal rate of new home sales.

In additional good news about the direction of new home sales, the February sales levels...

26Apr2011 | | 0 comments | Continued

(DHI) U.S. New Housing Starts and Permits Rise

Housing Starts rose in March to a seasonally adjusted annual rate of 549,000 from 512,000 in February, an increase of 7.2%. Also, the February numbers were revised sharply higher from 479,000, so it is possible to see the increase as 70,000, or 14.6%. Relative to a year ago they are...

23Apr2011 | | 0 comments | Continued

(DHI) U.S. Reports Record Low New Home Sales

New Home Sales in February fell by 16.9% from January to a dismal rate of 250,000. Relative to a year ago, sales are down 28.0%. In a very faint silver lining to an otherwise dismal report, the January rate was revised up to 301,000 from 284,000. Thus relative to where we thought...

29Mar2011 | | 0 comments | Continued

(DHI) U.S. January 2010 New Home Sales Dismal

New Home Sales in January fell by 12.6% from December, to a dismal rate of 284,000. Relative to a year ago, sales are down 18.6%. The December rate was revised down to 325,000 from 329,000. Thus relative to where we thought we were, it could be seen as a 13.7% decline.

The...

28Feb2011 | | 0 comments | Continued

(LEN) U.S. Housing Market Index Unchanged in February – It is Still Awful

The National Association of Home Builders (NAHB) Housing Market Index (HMI) was unchanged in February, holding at 16 for the fourth month in a row. The index is a “magic 50” index, where 50 is the dividing line between homebuilders seeing the conditions as been good and being poor. As such, 16...

16Feb2011 | | 0 comments | Continued

(DHI) October U.S. New Home Sales Still Falling

New Home Sales in October fell by 8.1% from September to a dismal rate of 283,000. Relative to a year ago, sales are down 28.5. It’s not like September was a strong month for new home sales, either — the six lowest months on record (back to 1963) for new home sales, have...

27Dec2010 | | 0 comments | Continued

(DHI) U.S. November New Home Sales Disappoint

New home sales in November rose by 5.5% from October, but that puts them at a dismal rate of 290,000. The percentage increase is a bit exaggerated as well, since the October numbers were revised down to 275,000 from 283,000. Thus relative to where we thought we were, the increase is more like 2.5%.

The...

27Dec2010 | | 0 comments | Continued

(NWL) Newell Rubbermaid Third Quarter 2010 Earnings Preview

Newell Rubbermaid Inc. (NWL) is scheduled to release its third-quarter 2010 results on Friday, October 29. The Zacks Consensus Estimate for the quarter is pegged at 41 cents a share.

Second Quarter Performance

Newell...

25Oct2010 | | 0 comments | Continued

(BRKB) Housing Starts Surge – Analyst Blog

Housing Starts surged in August, but the good news is probably better toasted with Miller than with Moet. Total housing starts rose 10.5% to an annualized rate of 598,000, well ahead of consensus expectations of just 550,000. However, that was from July starts that were revised down...

3Oct2010 | | 0 comments | Continued

(WMT) National Association of Realtor’s Pending Homes Sales Index Up

The National Association of Realtor’s (NAR) Pending Home Sales Index rose 5.3 percent in March to 102.9 from 97.7 in February, and is 21.15 above March 2009 when it was 85.0. This is on top of a  8.3% increase in February.

The data reflects contracts and not closings, which...

5May2010 | | 0 comments | Continued

(FO) Fortune Brands Beats Expectations on Higher Sales

Consumer products maker Fortune Brands (FO) reported first-quarter 2010 results with adjusted (excluding restructuring and other charges) earnings per share of 49 cents, comfortably beating the Zacks Consensus Estimate of 31 cents....

29Apr2010 | | 0 comments | Continued

(PCL) U.S. Existing Home Sales Rise in March

Existing Home Sales rose 6.8% in March to a seasonally adjusted annual rate of 5.35 million. That rate is 16.1% higher than the 4.61 million rate of a year ago. The number was slightly better than the consensus expectations of a 5.29 million annual rate.

Existing homes sales are recorded at...

22Apr2010 | | 0 comments | Continued

(LPX) U.S. Housing Starts and Building Permits Rise

We got some good news and some bad news today. The good news is that both Housing Starts and Building Permits rose in March. The bad news is that both housing starts and building permits rose in March.

It is good news, since residential investment is historically one of the...

18Apr2010 | | 0 comments | Continued

(FO) Fortune Brands Wins Lawsuit Against Jose Cuervo International

Fortune Brands Inc. (FO), a leading consumer brands company, recently received a favorable jury verdict against Jose Cuervo International, Inc. and its affiliates, relating to a trademark infringement of Maker’s Mark, one of its premium...

7Apr2010 | | 0 comments | Continued

(FO) Fortune Brands Wins Patent Dispute Against Callaway Golf

Fortune Brands Inc. (FO), a leading consumer brands company, has recently received a favorable verdict against Callaway Golf Co. (ELY) relating to a patent dispute involving...

30Mar2010 | | 0 comments | Continued

(DHI) Report on New U.S. Home Sales is Just Plain Ugly

New Home Sales dropped to an all time record low in February, down 2.2% on the month to a seasonally adjusted annual rate of 308,000. The one saving grace to the report was that the January numbers, which previously were the all-time record low, were revised to a 315,000 rate from...

27Mar2010 | | 0 comments | Continued

(DHI) National Association Of Homebuilder’s Index Drops

The National Association Of Homebuilders sentiment index fell to 15 in March from 17 in February. While the index is well off its record low of 8 set back in January 2009, it remains very depressed. The index is set up so any reading below 50 indicates contraction, and the current rate is well below...

18Mar2010 | | 0 comments | Continued

(DHI) U.S. Housing Starts Slow

In February, Housing Starts fell to a seasonally adjusted annual rate of 575,000, a decline of 5.9% from the revised January level and just 0.2% above a year ago. While on first blush the data looks quite negative, there are many caveats.

First, while the data is seasonally...

16Mar2010 | | 0 comments | Continued

(DHI) New Home Sales Report Shows Plunge

We got some very bad news today on the Housing front. New Home Sales fell to a seasonally adjusted annual rate of 309,000 from 348,000 in December. That is a drop of 11.2%.

The only real silver lining is that the December number was revised upwards from 342,000. The rate was even 6.1% below...

24Feb2010 | | 0 comments | Continued

(FO) Fortune Brands Beats the Street – Guidance Falls

Fortune Brands Inc. (FO) reported fourth quarter results before the opening bell today. The company swung to a net income of $11.5 million from a net loss of $281.3 million in the year-ago quarter. Excluding special items, earnings...

30Jan2010 | | 0 comments | Continued

(FO) Tough Third Quarter for Fortune Brands

Fortune Brands Inc. (FO) reported third quarter earnings of 82 cents per share. Although earnings were well above the Zacks Consensus Estimate of 63 cents, they were down 59.8% year-over-year.

Net sales for the quarter declined...

27Oct2009 | | 0 comments | Continued