Why CALM got downgraded ?

Cal-Maine Foods Inc (NASDAQ:CALM) received a stock rating downgrade from Sidoti on Mar-29-16. In a note to investors, the firm issued a Neutral rating. The analysts previously had a Buy rating on the stock.


Analysts have a consensus target price of $57.20 in the 12-month period. The price objective is 7.12% higher than the recent closing price of $53.40. The 52-week price range is $35.81-$61.26 and the company has a market capitalization of $2.59 billion. Analysts covering the shares maintain a consensus Hold rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 0 has assigned a hold rating, 0 says it’s a buy, and 1 have assigned a strong buy rating to the company.


Cal-Maine Foods Inc (CALM) on March 28, 2016 reported results for the third quarter and nine months ended February 27, 2016.


Net sales for the third quarter of fiscal 2016 were $449.8 million, a 2.8 percent increase compared to $437.6 million for the third quarter of fiscal 2015. The Company reported net income of $64.2 million, or $1.33 per basic and diluted share, for the third quarter of fiscal 2016 compared to $50.9 million, or $1.06 per basic share and $1.05 per diluted share, for the third quarter of fiscal 2015.


For the first nine months of fiscal 2016, net sales were $1,605.6 million compared to $1,173.1 million for the prior-year period. The Company reported net income of $316.4 million, or $6.57 per basic share and $6.54 per diluted share, for the first nine months of fiscal 2016 compared to net income of $115.1 million, or $2.39 per basic share and $2.38 per diluted share, for the year-earlier period.


Dolph Baker, chairman, president and chief executive officer of Cal-Maine Foods, Inc., stated, “Cal-Maine Foods delivered another solid performance for the third quarter of fiscal 2016, demonstrating consistent execution of our strategy in changing market conditions. Our sales were up 2.8 percent for the third quarter and up 36.9 percent for the first nine months of fiscal 2016. These increases primarily reflect higher average selling prices compared with the same periods last year. While average selling prices for shell eggs for the third quarter of fiscal 2016 have dropped considerably from the historically high record levels we experienced earlier in the fiscal year, they were still up 4.3 percent over the third quarter of fiscal 2015. For the fiscal year-to-date period, average selling prices were up 35.6 percent over the same period a year ago. Our sales volumes have continued to trend higher each quarter of fiscal 2016; however, they were down 1.9 percent in the third quarter compared with the prior-year period.


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Worth Watching Stock: Honeywell International Inc. (NYSE:HON)

Honeywell International Inc. (NYSE:HON) reported earnings for the three months ended Mar2016 on April 22, 2016. The company earned $1.53 per share on revenue of $9.52B. Analysts had been modeling earning per share of $1.5 with $9.37B in revenue.


Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors, as well as spare parts, and repair and maintenance services for the aftermarket. This segment also provides auxiliary power units; propulsion engines; environmental control, connectivity, electric power, flight safety, communication, navigation, radar, surveillance, and thermal systems; engine controls; aircraft lighting products, as well as wheels and brakes; advanced systems and instruments; and turbochargers, as well as management, technical, logistics, repair, and overhaul services to original equipment manufacturers in the air transport, regional, business, and general aviation aircraft; and automotive and truck manufacturers. The company’s Automation and Control Solutions segment offers environmental and energy, and sensing and productivity solutions; security, and fire and industrial safety products; and building solutions and services for homes, commercial buildings, and industrial facilities. Its Performance Materials and Technologies segment provides catalysts and adsorbents; equipment and consulting services for the petroleum refining, gas processing, petrochemical, and other industries; and automation control, instrumentation, software, and services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, life sciences, metals, minerals, and mining industries. It also offers fluorocarbons, hydrofluoroolefins, caprolactam, resins, ammonium sulfate fertilizers, phenol, specialty films, waxes, additives, fibers, research chemicals and intermediates, and electronic materials and chemicals. The company was founded in 1920 and is based in Morris Plains, New Jersey.


Honeywell International Inc. earnings per share showed an increasing trend of 13.3% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 727%.Analysts project EPS growth over the next 5 years at 8.45%. It has EPS annual growth over the past 5 fiscal years of 19.4% when sales grew 3.6. It reported 3.4% sales growth, and 8.6% EPS growth in the last quarter.


The stock is trading at $113.83, up 33.04% from 52-week low of $87. The stock trades down -1.83% from its peak of $116.56 and 9.67% above the consensus price target of $124.84. Its volume clocked up at 2.98 million shares which is higher than the average volume of 2.9 million shares. Its market capitalization currently stands at $87.13B.

Stock Earnings Estimates Under Consideration: Cvent, Inc. (CVT)

The shares of Cvent, Inc. (NYSE:CVT) currently has mean rating of 3.00 while 0 analysts have recommended the shares as “BUY”, 0 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.


The company’s mean estimate for sales for the current quarter ending Jun 16 is 57.57M by 2 analysts. The means estimate of sales for the year ending Dec-16 is 230.57M by 2 analysts.


The mean price target for the shares of Cvent, Inc. (CVT) is at 40.00 while the highest price target suggested by the analysts is 40.00 and low price target is 40.00. The mean price target is calculated keeping in view the consensus of 1 brokerage firms.


The average estimate of EPS for the current fiscal quarter for Cvent, Inc. (CVT) stands at -0.05 while the EPS for the current year is fixed at 0.22 by 2 analysts.


The next one year’s EPS estimate is set at 0.22 by 2 analysts while a year ago the analysts suggested the company’s EPS at -0.01. The analysts also projected the company’s long-term growth at 30.00% for the upcoming five years.


In its latest quarter ended on 31st March 2016, Cvent, Inc. (CVT) reported earnings of $0.07. The posted earnings topped the analyst’s consensus by $0.11 with the surprise factor of 275.00%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.


On May 18, 2016 Cvent, Inc. (CVT) was recognized as a Best Place to Work by Washington Business Journal. Based on employee ratings, Cvent received this honor alongside other prominent companies in the D.C. metro area. This is Cvent’s sixthappearance on this list in the last eight years.


“Cvent’s most important asset is our employees,” said Reggie Aggarwal, founder and CEO of Cvent. “This recognition is held in extremely high regard because they have voted Cvent as one of the top 10 places to work for in the extra-large category. We pride ourselves for having an intrapreneurial spirit and a collaborative culture where everyone is encouraged to bring forward new ideas and connect with one another.”

Stock in the Spotlight: Comerica Incorporated (NYSE:CMA)

Comerica Incorporated (NYSE:CMA) reported earnings for the three months ended Mar2016 on April 19, 2016. The company earned $0.34 per share on revenue of $693M. Analysts had been modeling earning per share of $0.45 with $708.94M in revenue.


Comerica Incorporated (CMA) on April 19, 2016 reported first quarter 2016 net income of $60 million, compared to $116 million for the fourth quarter 2015 and $134 million for the first quarter 2015. Earnings per diluted share were 34 cents for first quarter 2016 compared to 64 cents for fourth quarter 2015 and 73 cents for first quarter 2015.


“Our first quarter results were impacted by the current oil and gas cycle, as we significantly increased our reserve for loan losses,” said Ralph W. Babb, Jr., chairman and chief executive officer. “We continue to be prudent in our reserving approach. While this approach resulted in a higher provision this quarter, our fundamental view of the energy sector has not changed significantly. Additionally, during the quarter we benefited from the December short-term rate increase, with loan yields increasing and helping to drive a $14 million increase in net interest income.”


First Quarter 2016 Compared to Fourth Quarter 2015



  • Average total loans decreased $156 million to $48.4 billion, primarily reflecting decreases in general Middle Market, Energy and Mortgage Banker Finance, partially offset by an increase in Commercial Real Estate. Period-end total loans increased $293 million, to $49.4 billion.

  • Average total deposits decreased $3.0 billion to $56.7 billion, reflecting seasonality, purposeful pricing discipline and strategic actions in light of new liquidity coverage ratio rules, with the largest declines in Corporate Banking, the Financial Services Division and Municipalities. Period-end total deposits decreased $3.5 billion to $56.4 billion. A majority of the decrease related to an elevated deposit level associated with the government card program at year-end.

  • Net interest income increased $14 million to $447 million, primarily reflecting an increase in loan yields, mostly due to increases in short-term rates, and a larger average securities portfolio, partially offset by one fewer day in the first quarter. The net interest margin increased 23 basis points to 2.81 percent, primarily reflecting higher loan yields and a decrease in Federal Reserve Bank deposits.


Comerica Incorporated earnings per share showed a decreasing trend of -10.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 320%.Analysts project EPS growth over the next 5 years at 3.52%. It has EPS annual growth over the past 5 fiscal years of 29.3% when sales declined -0.8. It reported 8.5% sales growth, and -53.8% EPS decline in the last quarter.


The stock is trading at $47.1, up 55.42% from 52-week low of $30.48. The stock trades down -10.49% from its peak of $53.45 and -7.9% below the consensus price target of $43.38. Its volume clocked up at 2.23 million shares which is lower than the average volume of 2.74 million shares. Its market capitalization currently stands at $8.23B.

Big Earnings Movers: Linear Technology (LLTC)

Linear Technology Corporation (NASDAQ:LLTC) reported earnings for the three months ended Mar2016 on April 19, 2016. The company earned $0.52 per share on revenue of $361.12M. Analysts had been modeling earning per share of $0.5 with $359.31M in revenue.


Linear Technology Corporation (LLTC) on April 19, 2016 reported financial results for the fiscal quarter ended April 3, 2016. Quarterly revenues of $361.1 million for the third quarter of fiscal year 2016 increased $14.0 million or 4.0% over the previous quarter’s revenue of $347.1 million and decreased $10.9 million or 2.9% from $372.0 million reported in the third quarter of fiscal year 2015. Net income of $128.4 million increased $6.9 million or 5.6% over the previous quarter’s net income of $121.5 million and decreased $6.8 million or 5.0% from the third quarter of fiscal year 2015. Diluted earnings per share of $0.52 per share in the third quarter of fiscal year 2016 increased $0.02 per share or 4% over the second quarter of fiscal year 2016 and decreased $0.03 per share or 5% from the third quarter of fiscal year 2015.


Cash, cash equivalents and marketable securities increased by $55.3 million over the second quarter of fiscal year 2016 to $1.36 billion. A cash dividend of $0.32 per share will be paid on May 25, 2016 to stockholders of record on May 13, 2016. During the third quarter the Company generated positive cash flows from operations of $177.4 million or 49% of total revenues. During the third quarter of fiscal year 2016 the Company returned $110.8 million to shareholders in the form of dividends of $78.2 million, representing $0.32 per share, and stock purchases of $32.6 million totaling 0.8 million shares.


According to Lothar Maier, CEO, “We are pleased to report strong financial results for our fiscal third quarter. Revenue for the quarter came in at the upper range of our guidance, growing 4% to $361.1 million. Growth for the quarter was led by higher sales into the Industrial and Transportation markets though Communications showed improvement as well. Our industry leading gross margin improved to 76.2% and operating margin improved to 45.0%. Earnings per share were $0.52, up from $0.50 per share reported in the prior quarter.


Looking ahead, the headlines suggest that the macroeconomic climate continues to be weak overall and we continue to see some weakness in our business in certain geographies and markets. Nevertheless, we are seeing signs of improvement over our broad base of customers and the Transportation market in particular continues to fuel strong growth for us. In addition, we saw higher bookings in our two other major markets, Industrial and Communications. Assuming our bookings rate stays near the current level, we are forecasting revenue to be up 2% to 5% sequentially in our fiscal fourth quarter.”


Linear Technology Corporation earnings per share showed an increasing trend of 12% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 217%.Analysts project EPS growth over the next 5 years at 10%. It has EPS annual growth over the past 5 fiscal years of 6.1% when sales grew 4.7. It reported -2.9% sales drop, and -4.9% EPS decline in the last quarter.


The stock is trading at $47.32, up 32.83% from 52-week low of $36.41. The stock trades down 0.15% from its peak of $47.54 and -4.25% below the consensus price target of $45.31. Its volume clocked up at 1.33 million shares which is lower than the average volume of 2.32 million shares. Its market capitalization currently stands at $11.28B.

Insider Trading Review: Loews Corporation (L)

Loews Corporation (NYSE:L) insider has recently participated in insider trading activity. Co-Ch. of Bd/Off. Pres./Ch. EC, TISCH ANDREW H sold 15,300 shares for $ 547,281 via one transaction Feb 11. Following the transaction, the insider now owns 14,356,152 shares in total, priced at $524430232.56 as of Tuesday. Another notable insider trading was done by the same insider on Feb 10. TISCH ANDREW H sold 150,000 shares at an average price of $ 36.60 for a total of $ 5,490,000. Moreover, GARSON GARY W carried out a sale of 1,623 shares at $ 35.36 each on Jan 19. The transaction amounted to $ 57,389. Sr. Vice President & CFO EDELSON DAVID B sold 3,300 shares for $ 125,004 through one transaction Jan 05.


The stock has experienced a total of 16 insider trades in the past three months. These trades include 15 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 31 times by insiders. In 30 of these trades, the insider was a seller while an employee of the company was the buyer in just 1 instances.


Loews Corporation (L) announced on February 9, 2016 the declaration of the Company’s quarterly dividend of $0.0625 per share of Common Stock, payable March 14, 2016 to shareholders of record on March 1, 2016.


Loews Corporation is a diversified company with three publicly-traded subsidiaries: CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc. (DO) and Boardwalk Pipeline Partners, LP (BWP); and one wholly owned subsidiary: Loews Hotels & Resorts.


Loews Corporation, through its subsidiaries, operates as a commercial property and casualty insurance company primarily in the United States. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and portable electronic communication devices. Its commercial’s property insurance products include standard and excess property, marine, and boiler and machinery coverages; and casualty insurance products comprise workers’ compensation, general and product liability, commercial auto, and umbrella coverages. The company also provides loss-sensitive insurance programs; and risk management, information, warranty, and claims administration services, as well as underwrites primarily short-tail exposures in marine and aviation, non-marine property, property treaty reinsurance, and specialty lines products. It markets its insurance products and services primarily through independent agents, brokers, and managing general underwriters to various customers


 

Why Associated Banc Corp have been downgraded?

Associated Banc Corp (NYSE:ASB) received a stock rating downgrade from Macquarie on Apr-01-16. In a note to investors, the firm issued an Underperform rating. The analysts previously had a Neutral rating on the stock.


Analysts have a consensus target price of $18.64 in the 12-month period. The price objective is 5.91% higher than the recent closing price of $17.60. The 52-week price range is $15.35-$20.65 and the company has a market capitalization of $2.69 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 8 has assigned a hold rating, Zero says it’s a buy, and 2 have assigned a strong buy rating to the company.


Associated Banc Corp (ASB) on March 31, 2016 announced an expansion of their long-term partnership with Milwaukee Brewers, including the rights to an exclusive Brewers Visa Credit Card as well as new Brewers MasterCard Debit card and checks so fans can truly Bank like a Brewer.


The partnership also includes the continuation of a joint charitable program with the Brewers Community Foundation called “Hits for Homes” that directly benefits Housing Resources, Inc. (HRI), a nonprofit organization that provides support to low- to moderate-income homeowners and home buyers in the Milwaukee community. For every hit recorded by the Brewers during 2016 home games, Associated Bank and Brewers Community Foundation will donate $150 to HRI, up to a combined $100,000.


“Associated Bank has been a proud business partner of the Brewers since 2006 when we launched our Brewers checking,” said Christopher Piotrowski, EVP and chief marketing officer at Associated Bank. “Our partnership with the Brewers is about combining the strengths of our two teams to help build a greater fan experience and strengthen our community.”


Piotrowski explained that other plans for this baseball season include new fan engagement activities at Miller Park including an interactive batting game called “Grand Slam Challenge” and interactive photo booth located in the Main Level Concourse behind Section 113.


“Associated Bank is a highly-valued, long-term supporter of the Brewers, and we are excited to be expanding our partnership,” said Brewers Chief Operating Officer Rick Schlesinger. “This is a relationship that includes elements that not only impact our two organizations, but also benefit our fans and mutual charitable partners in the community.”


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Analyst Review Alert: EQT Corporation (NYSE:EQT)

Analysts are weighing in on how EQT Corporation (NYSE:EQT), might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.1. The stock is rated as buy by 10 analysts, with 5 outperform and 7 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.


For the current quarter, the 20.00 analysts offering adjusted EPS forecast have a consensus estimate of $-0.42 a share, which would compare with $0.01 in the same quarter last year. They have a high estimate of $-0.08 and a low estimate of $-0.65. Revenue for the period is expected to total nearly $462.05M from $433.17M the year-ago period.


For the full year, 21.00 Wall Street analysts forecast this company would deliver earnings of -0.83 per share, with a high estimate of $0.18 and a low estimate of $-2.64. It had reported earnings per share of $0.75 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $2.06B versus 2.34B in the preceding year.


The analysts project the company to maintain annual growth of around 32.30% percent over the next five years as compared to an average growth rate of 8.97% percent expected for its competitors in the same industry.


Among the 20 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for EQT is $81.40 but some analysts are projecting the price to go as high as $91.00. If the optimistic analysts are correct, that represents a 17 percent upside potential from the recent closing price of $77.91. Some sell-side analysts, particularly the bearish ones, have called for $69.00 price targets on shares of EQT Corporation (NYSE:EQT).


In the last reported results, the company reported earnings of $0.01 per share, while analysts were calling for share earnings of $0.05. It was an earnings surprise of -80.00%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.


EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates through two segments, EQT Production and EQT Midstream. The EQT Production segment explores for, develops, and produces natural gas, natural gas liquids (NGLs), and crude oil primarily in the Appalachian Basin. As of December 31, 2015, it had 10.0 trillion cubic feet of proved natural gas, NGL, and crude oil reserves across approximately 3.4 million gross acres, including approximately 630,000 gross acres in the Marcellus play. The EQT Midstream segment provides natural gas gathering, transmission, and storage services for the companys produced gas, as well as for independent third parties in the Appalachian Basin. This segment owns or operates approximately 8,250 miles of gathering lines and 177 compressor units with approximately 255,000 horsepower of installed capacity. EQT Corporation was founded in 1925 and is headquartered in Pittsburgh, Pennsylvania.

Stock Buzz: The Bank of New York Mellon Corporation (NYSE:BK)

The Bank of New York Mellon Corporation (NYSE:BK) reported earnings for the three months ended Mar2016 on April 21, 2016. The company earned $0.74 per share on revenue of $3.74B. Analysts had been modeling earning per share of $0.68 with $3.74B in revenue.


The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Management and Investment Services. The company offers investment management; trust and custody; foreign exchange; fund administration; global collateral services; securities lending; depositary receipts; corporate trust; global payment/cash management; banking services; and clearing services. It also provides mutual funds, separate accounts, wealth management and private banking services; and broker-dealer services, registered investment advisory services, prime brokerage services, and working capital solutions. In addition, the company is involved in credit-related activities, business exits, leasing operations, and corporate treasury activities; and the provision of global markets and institutional banking services. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.


The Bank of New York Mellon Corporation earnings per share showed an increasing trend of 25.6% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 346%.Analysts project EPS growth over the next 5 years at 11.51%. It has EPS annual growth over the past 5 fiscal years of 5.1% when sales declined -0.8. It reported 9.4% sales growth, and 9.1% EPS growth in the last quarter.


The stock is trading at $42.06, up 31.17% from 52-week low of $32.2. The stock trades down -6.25% from its peak of $45.45 and 5.61% above the consensus price target of $44.42. Its volume clocked up at 5.63 million shares which is higher than the average volume of 5.61 million shares. Its market capitalization currently stands at $45.53B.

Earnings Analysis To Watch: Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) reported earnings for the three months ended Jan2016 on March 29, 2016. The company earned $0.53 per share on revenue of $234.21M. Analysts had been modeling earning per share of $0.43 with $229.35M in revenue.


Dave & Buster’s Entertainment, Inc. (PLAY) on March 29, 2016 announced financial results for its fourth quarter and full year 2015, which ended on January 31, 2016.  The Company also issued guidance for the full year 2016.


Key highlights from the fourth quarter 2015 compared to the fourth quarter 2014 include:



  • Total revenues increased 13.1% to $234.2 million from $207.1 million.

  • Comparable store sales increased 6.0% vs. a 10.5% increase in last year’s fourth quarter.

  • Opened four stores compared to three new stores in the fourth quarter 2014.

  • Adjusted EBITDA, a non-GAAP measure, increased 28.9% to $66.4 million from $51.5 million.  As a percentage of total revenues, Adjusted EBITDA increased approximately 340 basis points to 28.3%.

  • Net income increased 56.5% to $23.0 million, or $0.53 per diluted share, compared to net income of $14.7 million, or $0.34 per diluted share, in the fourth quarter 2014.

  • Pro forma net income, a non-GAAP measure, increased 61.4% to $22.8 million, or $0.53 per diluted share, compared to pro forma net income of $14.1 million, or $0.34 per diluted share, in the same period last year.


Key highlights from the full year 2015 compared to the full year 2014 include:



  • Total revenues increased 16.1% to $867.0 million from $746.8 million.

  • Comparable store sales increased 8.9%.

  • Opened ten stores, including one relocation, compared to eight stores in fiscal 2014.

  • Adjusted EBITDA, a non-GAAP measure, increased 30.5% to $215.4 million from $165.1 million. As a percentage of total revenues, Adjusted EBITDA increased approximately 270 basis points to 24.8%.

  • Net income increased 680.8% to $59.6 million, or $1.39 per diluted share, compared to net income of $7.6 million, or $0.21 per diluted share, for the full year 2014.

  • Pro forma net income, a non-GAAP measure, increased 98.2% to $65.0 million, or $1.52 per diluted share, compared to $32.8 million, or $0.78 per diluted share, for the full year 2014.


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Dave & Buster’s Entertainment, Inc. earnings per share showed an increasing trend of 577.5% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 212%.Analysts project EPS growth over the next 5 years at 20%. It has EPS annual growth over the past 5 fiscal years of 56.8% when sales grew 10.7. It reported 13.1% sales growth, and 71.5% EPS growth in the last quarter.


The stock is trading at $39.29, up 33.01% from 52-week low of $29.54. The stock trades down -9.37% from its peak of $43.35 and 24.2% above the consensus price target of $48.8. Its volume clocked up at 0.28 million shares which is lower than the average volume of 0.62 million shares. Its market capitalization currently stands at $1.64B.

Analyst’s Report Recap: Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA)

The shares of Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) currently has mean rating of 2.4 while 2 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 3 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell


The mean price target for the shares of Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) is at $9.13 while the highest price target suggested by the analysts is $13.00 and low price target is $6.00. The mean price target is calculated keeping in view the consensus of 8 brokerage firms.


The company’s mean estimate for sales for the current quarter ending Jun 16 is 58.93M by 7 analysts. The means estimate of sales for the year ending Dec 16 is 214.76M by 8 analysts.


The average estimate of EPS for the current fiscal quarter for Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) stands at $-0.13 while the EPS for the current year is fixed at $-0.60 by 7.00 analysts


The next one year’s EPS estimate is set at -0.43 by 8.00 analysts while a year ago the analysts suggested the company’s EPS at $-0.60. The analysts also projected the company’s long-term growth at 30.00% for the upcoming five years


In its latest quarter ended on 31 Mar 2016 , Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) reported earnings of $-0.28. The posted earnings missed the analyst’s consensus by $-0.04 with the surprise factor of -16.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.


Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) traded down -4.32% during trading on Friday, hitting $8.89 . The stock had a trading volume of 4.7 M shares. The firm has a 50 day moving average of $7.78 and a 200-day moving average of $6.41. The stock has a market cap of $1.61B. On Aug 28, 2015 the shares registered one year high at $10.07 and the one year low was seen on Feb 11, 2016.


On June 8, 2016 Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) announced that it will host an Analyst & Investor Day for its research analysts and institutional investors on Friday, June 17 at 8:30 a.m. (EDT) in New York City. Paris Panayiotopoulos, president and chief executive officer of ARIAD, will host the event along with other key members of ARIAD senior management. The meeting will focus on ARIAD’s completion of its corporate strategic review, as well as provide an update on continued progress in its research and development and commercial programs. Expert medical leaders in the fields of chronic myeloid leukemia and non-small cell lung cancer will be featured speakers and discussants at the meeting.

Stock Earnings Roundup: Tupperware Brands Corporation (NYSE:TUP)

Tupperware Brands Corporation (NYSE:TUP) reported earnings for the three months ended Mar2016 on April 20, 2016. The company earned $0.91 per share on revenue of $525.7M. Analysts had been modeling earning per share of $0.86 with $527.49M in revenue.


Tupperware Brands Corporation (NYSE:TUP) announced first quarter 2016 operating results.


Rick Goings, Chairman and CEO, commented, “First quarter sales were up 1% in local currency. While we continued to achieve strong performances in Argentina, Brazil, China, Tupperware Mexico and Tupperware U.S. and Canada, we have continued to need to navigate through economic and political headwinds. Even so, we were able to come in above the high end of our diluted earnings per share range, reflecting lower resin costs and our initiatives to manage costs, gross margin and leverage under our promotional programs, as well as improved exchange rates.”


First Quarter Executive Summary



  • First quarter 2016 net sales were $525.7 million, up 1% in local currency and down 10% in dollars. Emerging markets**, accounting for 64% of sales, achieved a 3% increase in local currency. The most significant contributions to the first quarter growth were in Argentina, Brazil, China, and Tupperware Mexico, partially offset by Egypt, Indonesia, Philippines and Turkey. Established markets were down 2% in local currency, primarily from BeautiControl and France, partially offset by good performance in Germany and Tupperware United States and Canada.



  • GAAP net income of $43.4 million versus prior year net income of $29.5 million. In 2015, net income included a pre-tax, non-cash impairment charge related to fixed assets in Venezuela. Adjusted, diluted earnings per share of $0.91 was 5 cents above the January outlook range, including 4 cents from the benefit of changes in foreign exchange rates versus 2015, compared with the guidance, lower resin costs and initiatives to control costs, manage gross margin and leverage promotional spending. Adjusted earnings per share was down 11% versus last year in dollars, including a negative 19 cent impact from changes in exchange rates on the comparison, and up 10% in local currency.



  • Total sales force of 3.0 million was up 4% versus prior year at the end of the quarter, and there were 2% less active sellers in the quarter.


First Quarter Business Highlights


Europe: Strong increases by two South African businesses, offset by Egypt and Turkey



  • Segment sales were down 4% in local currency (down 11% in dollars).

  • Emerging markets were down 8% in local currency. Tupperware South Africa, up 18% and Avroy Shlain in South Africa, up 13%, offset by a 67% decrease in the Middle East and North Africa, mainly from a curtailment of shipments into Egypt in light of currency controls, and Turkey, down 19%.

  • Established markets were down 2% in local currency. Germany, up 3%, was offset by Austria, down 15% and France, down 4%, both with smaller and less active sales forces.


Asia Pacific: China up double-digits offset by results in India, Indonesia, and Philippines



  • Sales for the segment were down 3% in local currency (down 9% in dollars).

  • Emerging Markets were down 3% in local currency. China, up 16% was offset by India, down 15%, Indonesia, down 8% and Philippines, down 14%, in connection with the 2015 decision to exit the fashion category.

  • Established markets were down 6% in local currency compared with prior year.


Tupperware Brands Corporation earnings per share showed a decreasing trend of -12.3% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 468%.Analysts project EPS growth over the next 5 years at 12%. It has EPS annual growth over the past 5 fiscal years of 0.9% when sales declined -0.1. It reported -9.6% sales drop, and 46.2% EPS growth in the last quarter.


The stock is trading at $56.58, up 34.46% from 52-week low of $42.6. The stock trades down -13.27% from its peak of $67.74 and 5.39% above the consensus price target of $59.63. Its volume clocked up at 0.56 million shares which is lower than the average volume of 0.68 million shares. Its market capitalization currently stands at $2.85B.

Insider Trading Alert: Carlisle Companies, Inc. (CSL)

Carlisle Companies, Inc. (NYSE:CSL) insider has recently participated in insider trading activity. V.P., Chief Financial Officer, FORD STEVEN J sold 22,507 shares for $ 1,937,528 via one transaction Feb 10. Following the transaction, the insider now owns 108,813 shares in total, priced at $ 9187081.59 as of Tuesday. Another notable insider trading was done by the same insider on Feb 09. FORD STEVEN J sold 15,000 shares at an average price of $ 86.19 for a total of $ 1,292,850. Moreover, KOCH D CHRISTIAN carried out a sale of 17,791 shares at $ 86.29 each on Feb 10. The transaction amounted to $ 1,535,173. President, CIT Berlin John E sold 11,575 shares for $ 994,524 through one transaction Nov 19. Following this sale, this insider’s stake in the company comprises 36,296 shares, priced at $ 3064471.28 as of Tuesday.


The stock has experienced a total of 22 insider trades in the past three months. These trades include 8 sell activities and 14 buy trades. Furthermore, over the past 12 months, the stock was traded 47 times by insiders. In 31of these trades, the insider was a seller while an employee of the company was the buyer in just 16 instances.


On February 11, 2016 Carlisle Companies, Inc. (CSL) American Spirit completed the Talisker Whiskey Atlantic Challenge on February 09, 2016. The race, known as The World’s Toughest Row, launched from the Canary Islands, off the coast of Africa on December 20, 2015. Carlisle’s American Spirit crossed the finish line at English Harbor, Antigua with a time of 51 days, 8 hours and 32 minutes having covered 2,832 nautical miles across the Atlantic Ocean.


The race demands courage, stamina and extreme athleticism. What makes the American Spirit’s accomplishment so incredible is that two members of the four-man crew, Nick Khan and Greg Wood, had to be evacuated at sea halfway through the race after encountering difficult medical situations. With every reason to terminate the effort, Captain Jason Caldwell and Tom Magarov chose instead to finish what they had begun as a pair. In an amazing demonstration of courage and determination, the two remaining crew members mounted a truly impressive comeback passing many competitors on the way to the finish some 40 days later. To add to their incredible feat, all the while they were rowing across the Atlantic they were raising funds for St. Jude’s Hospital.


Skipper Jason commented on the race, “When Nick and Greg had to make the decision to leave it was pretty tough, but we knew we were always going to have to carry on. It’s an incredible way to challenge yourself and, despite difficult days, there were countless highs to outweigh the lows.”


 

Yesterday’s Analyst’s Downgrade: Ingersoll-Rand PLC (IR)

Ingersoll-Rand PLC (NYSE:IR) received a stock rating downgrade from Credit Agricole on Apr-04-16. In a note to investors, the firm issued an Outperform rating. The analysts previously had a Buy rating on the stock.


Analysts have a consensus target price of $ 63.76 in the 12-month period. The price objective is 3.79% higher than the recent closing price of $ 61.43. The 52-week price range is $ 46.82 – 69.49 and the company has a market capitalization of $ 15.76B. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 6 has assigned a hold rating, 1 says it’s a buy, and 7 have assigned a strong buy rating to the company.


On April 4, 2016 Ingersoll-Rand PLC (IR) a world leader in creating comfortable, sustainable and efficient environments, will release its 2016 first-quarter financial results on Tuesday, April 26, 2016, at 6:30 a.m. EDT.


On the same day, Michael W. Lamach, chairman and chief executive officer, and Susan K. Carter, senior vice president and chief financial officer, will hold a conference call for analysts and investors, beginning at 10 a.m. EDT, to review the company’s results.


A real-time, listen-only webcast of the conference call will be broadcast live over the Internet. Individuals wishing to listen can access the call through the company’s website at www.ingersollrand.com.


For those unable to listen to the live event, a replay will be available at approximately 1 p.m. EDT, April 26, 2016, on the company’s website or by telephone by dialing 855-859-2056 (domestic) or 404-537-3406 (international), conference code 82767869. The replay by telephone will be available through midnight, May 3, 2016.


Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. The company,s Climate segment offers building management, bus and rail HVAC, control, container and cryogenic refrigeration, diesel-powered refrigeration, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, and vehicle-powered truck refrigeration systems. It also provides aftermarket and OEM parts and supplies, air conditioners, air exchangers and handlers, airside and terminal devices, auxiliary power units, chillers, coils and condensers, gensets, furnaces, heat pumps, home automation, humidifiers, hybrid and non-diesel transport refrigeration solutions, indoor air quality, industrial refrigeration, motor replacements, performance contracting, refrigerant reclamation, thermostats/controls, transport heater products, and water source heat pumps.


See also: A Peek Inside Donald Trump’s Financials Shows How He Takes Advantage Of A Little Known Income Stream That’s Available To Everyone!


 

Analysts Review for Steel Dynamics, Inc. (NASDAQ:STLD)

The shares of Steel Dynamics, Inc. (NASDAQ:STLD) currently has mean rating of 1.9 while 11 analyst have recommended the shares as ‘BUY’ ,3 recommended as ‘OUTPERFORM’ and 2 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell


The mean price target for the shares of Steel Dynamics, Inc. (NASDAQ:STLD) is at $28.00 while the highest price target suggested by the analysts is $33.00 and low price target is $22.00. The mean price target is calculated keeping in view the consensus of 16 brokerage firms.


The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.99B by 10 analysts. The means estimate of sales for the year ending Dec 16 is 7.71B by 15 analysts.


The average estimate of EPS for the current fiscal quarter for Steel Dynamics, Inc. (NASDAQ:STLD) stands at $0.43 while the EPS for the current year is fixed at $1.60 by 16.00 analysts


The next one year’s EPS estimate is set at 1.93 by 18.00 analysts while a year ago the analysts suggested the company’s EPS at $1.60. The analysts also projected the company’s long-term growth at 51.12% for the upcoming five years


In its latest quarter ended on 31 Mar 2016 , Steel Dynamics, Inc. (NASDAQ:STLD) reported earnings of $0.26. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 8.30%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.


Steel Dynamics, Inc. (NASDAQ:STLD) traded down -1.80% during trading on Friday, hitting $26.43 . The stock had a trading volume of 4.1 M shares. The firm has a 50 day moving average of $24.61 and a 200-day moving average of $20.49. The stock has a market cap of $6.38B. On Jun 8, 2016 the shares registered one year high at $26.99 and the one year low was seen on Jan 20, 2016.


On May 25, 2016 Steel Dynamics, Inc. (NASDAQ:STLD) announced that Steel Dynamics, Inc. was recognized as the “2015 Global Metals Company of the Year” on Thursday, May 19, 2016, during the 4th annual Platts Global Metals Awards ceremony.  The event was held at Grosvenor Square in London.


“We are honored and humbled to have received this prestigious award,” said Mark Millett, CEO and President of Steel Dynamics, Inc. “We thank all of those that aided in our success—our customers, suppliers, shareholders and employees.  The strength and uniqueness of our cultural foundation has been recognized.  The strong character and determination of our employees are unmatched.  It is their dedication and passion for excellence that propels Steel Dynamics to the highest standard of operational and financial performance throughout all market environments.  I thank each one, and remind them, that safety is always the top priority.”


“With each year, entries for the Awards program become more competitive and winning is no small feat,” said Imogen Dillon Hatcher, president of S&P Global Platts. “We congratulate Steel Dynamics for its impressive win in the 2016 Platts Global Metals Awards.”


The “Global Metals Company of the Year” award is chosen by an independent panel of international experts, whose background and experience include regulation, corporate leadership, trading and technology.  Out of over 100 nominations across all 14 award categories, the winner of the “Global Metals Company of Year” award needed to be fast-moving, adaptive, and concerned with the provision, production, logistics and trading of the metals complex as a whole.  The range and extent of a company’s activities—its diversity, scope, technological innovation, and environmental concern— were pivotal factors, as were the traditional values of concern for the end user and efficiency.  Particular attention was also paid to the commitment to sustainability.


 

Stock Upgrades: Superior Energy Services, Inc. (SPN)

Superior Energy Services, Inc. (NYSE:SPN) received a stock rating upgrade from Piper Jaffray on Mar-31-16. In a note to investors, the firm issued an Overweight rating. The analysts previously had a Neutral rating on the stock.


Analysts have a consensus target price of $ 14.19 in the 12-month period. The price objective is 5.97% higher than the recent closing price of $ 13.39. The 52-week price range is $ 8.25 – 26.46 and the company has a market capitalization of $ 2.03B. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 4 has assigned a hold rating, 1 says it’s a buy, and 14 have assigned a strong buy rating to the company.


Superior Energy Services, Inc. (SPN) announced on March 31, 2016 that, following a recommendation of the Company’s management team, its Board of Directors has approved the elimination of the Company’s quarterly dividend.


David Dunlap, President and CEO, commented, “The elimination of our dividend is consistent with our goal of preserving cash during this downturn.  Also in line with this goal, our executive officers have all taken reduced base salaries.  We will continue to be thoughtful in our approach to uses of cash and cost reductions in the future and will attempt to maintain as much readiness for a recovery as possible. This downturn has been severe in extent and duration but we believe our cost reduction efforts will allow for improved financial performance when industry spending levels begin to increase.”


Superior Energy Services, Inc. serves the drilling, completion and production-related needs of oil and gas companies worldwide through its brand name drilling products and its integrated completion and well intervention services and tools, supported by an engineering staff who plan and design solutions for customers.


Superior Energy Services, Inc. provides specialized oilfield services and equipment to crude oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. It operates through four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. The Drilling Products and Services segment rents tubulars, including primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and manufactures and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, as well as rents temporary onshore and offshore accommodation modules and accessories.


See also: A Peek Inside Donald Trump’s Financials Shows How He Takes Advantage Of A Little Known Income Stream That’s Available To Everyone!


 

Analysts Ratings on Franklin Resources Inc (BEN)

The shares of Franklin Resources, Inc. (NYSE:BEN)currently has mean rating of 3.2 while 0 analyst have recommended the shares as ‘BUY’ ,1 recommended as ‘OUTPERFORM’ and 10 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell


The mean price target for the shares of Franklin Resources, Inc. (NYSE:BEN)is at $36.71 while the highest price target suggested by the analysts is $43.00 and low price target is $28.00. The mean price target is calculated keeping in view the consensus of 14 brokerage firms.


The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.63B by 10 analysts. The means estimate of sales for the year ending Sep 16 is 6.64B by 13 analysts.


The average estimate of EPS for the current fiscal quarter for Franklin Resources, Inc. (NYSE:BEN)stands at $0.68 while the EPS for the current year is fixed at $2.71 by 13.00 analysts


The next one year’s EPS estimate is set at 2.80 by 16.00 analysts while a year ago the analysts suggested the company’s EPS at $2.71. The analysts also projected the company’s long-term growth at -6.03% for the upcoming five years


In its latest quarter ended on 31 Mar 2016 , Franklin Resources, Inc. (NYSE:BEN)reported earnings of $0.61. The posted earnings missed the analyst’s consensus by $-0.03 with the surprise factor of -4.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.


Franklin Resources, Inc. (NYSE:BEN) traded down -2.35% during trading on Friday, hitting $35.20 . The stock had a trading volume of 4.8 M shares. The firm has a 50 day moving average of $36.73 and a 200-day moving average of $36.68. The stock has a market cap of $20.13B and a price-to-earnings ratio of 12.47. On Jun 22, 2015 the shares registered one year high at $51.94 and the one year low was seen on Feb 11, 2016.


Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California.


 

Insider Trading Update: New York Community Bancorp Inc (NYCB)

New York Community Bancorp Inc (NYSE:NYCB) insider has recently participated in insider trading activity. Director, CIAMPA DOMINICK bought 10,000 shares for $148,000 via one transaction Feb 11. Following the transaction, the insider now owns 13,182 shares in total, priced at $199048.2as of Friday. Another notable insider trading was done by the same insider on Feb 01. CIAMPA DOMINICK acquired 10,000 shares at an average price of $15.28 for a total of $152,800. Moreover, Rosano Lawrence Jr. carried out a purchase of 24,864 shares at $16.58 each on Dec 02. The transaction amounted to $24,864. Director, Savarese Lawrence J. bought 4,400 shares for $75,108 through one transaction May 04. Following this sale, this insider’s stake in the company comprises 4,500 shares, priced at $67950 as of Friday.


The stock has experienced a total of 11 insider trades in the past three months. These trades include 2 sell activities and 9 buy trades. Furthermore, over the past 12 months, the stock was traded 48 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in forty six instances.


New York Community Bancorp Inc (NYCB) on January 27, 2016 reported non-GAAP earnings of $145.2 million, or $0.31 per diluted share, for the three months ended December 31, 2015 and $502.8 million, or $1.11 per diluted share, for the twelve months ended at that date.


On a GAAP basis (i.e., in accordance with U.S. generally accepted accounting principles), the Company reported a loss of $404.8 million, or $0.87 per diluted share, in the three months ended December 31, 2015 and a loss of $47.2 million, or $0.11 per diluted share, for the full year.


The difference between the Company’s GAAP and non-GAAP earnings was attributable to certain charges and expenses that were incurred in connection with the Company’s October 29th announcement that it had signed a definitive agreement to merge with Astoria Financial Corporation (“Astoria Financial”) in an earnings-accretive transaction, and that it would be engaging in a strategic debt repositioning in the fourth quarter of the year.


During the quarter, the Company prepaid $10.4 billion of wholesale borrowings, which resulted in a one-time after-tax debt repositioning charge of $546.8 million. The repositioning is expected to result in an annual after-tax benefit of approximately $100 million to the Company’s earnings beginning in 2016.


In addition, the Company recorded after-tax merger-related expenses of $3.2 million in the three months ended December 31, 2015.

Stock in the Spotlight: Textron Inc. (NYSE:TXT)

Textron Inc. (NYSE:TXT) reported earnings for the three months ended Mar2016 on April 20, 2016. The company earned $0.55 per share on revenue of $3.2B. Analysts had been modeling earning per share of $0.53 with $3.15B in revenue.


Textron Inc. (NYSE:TXT) reported first quarter 2016 income from continuing operations of $0.55 per share, up 19.6 percent from $0.46 per share in the first quarter of 2015.


Revenues in the quarter were $3.2 billion, up 4.2 percent from the first quarter of 2015. Textron segment profit in the quarter was $280 million, up $21 million from the first quarter of 2015. First quarter manufacturing cash flow before pension contributions reflected a use of cash of $222 million compared to a use of cash of $125 million during last year’s first quarter.


“Increased revenues reflected growth at Industrial, Aviation and Systems, with relatively flat revenues at Bell, consistent with our expectations,” said Textron Chairman and CEO Scott C. Donnelly. “Operationally, we achieved margin improvements at each of our manufacturing segments.”


First Quarter Segment Results


Textron Aviation


Revenues at Textron Aviation were up $40 million, primarily due to higher jet volume.


Textron Aviation delivered 34 new jets and 26 King Air turboprops in the quarter, compared to 33 jets and 25 King Airs in last year’s first quarter.


Textron Aviation recorded a segment profit of $73 million in the first quarter compared to $67 million a year ago.


Textron Aviation backlog at the end of the first quarter was $1.0 billion, down $47 million from the end of the fourth quarter.


Bell


Bell revenues were up $1 million, as Bell delivered 6 V-22’s in the quarter, flat with last year’s first quarter, 10 H-1’s compared to 4 H-1’s last year and 30 commercial helicopters, compared to 35 units last year.


Segment profit was up $6 million, primarily due to improved performance.


Bell backlog at the end of the first quarter was $5.3 billion, up $60 million from the end of the fourth quarter.


Textron Systems


Revenues at Textron Systems increased $9 million, primarily due to higher volume in the Unmanned Systems product line, while segment profit was up $1 million.


Textron Systems’ backlog at the end of the first quarter was $2.5 billion, up $196 million from the end of the fourth quarter.


Textron Inc. earnings per share showed an increasing trend of 16.6% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 300%.Analysts project EPS growth over the next 5 years at 12.96%. It has EPS annual growth over the past 5 fiscal years of 52.5% when sales grew 5. It reported 4.2% sales growth, and 21.1% EPS growth in the last quarter.


The stock is trading at $38.06, up 24.09% from 52-week low of $30.69. The stock trades down -18.18% from its peak of $46.59 and 21.57% above the consensus price target of $46.27. Its volume clocked up at 1.45 million shares which is lower than the average volume of 2.24 million shares. Its market capitalization currently stands at $10.28B.

Insider Trading Watch List: Mosaic (MOS)

Mosaic Co (NYSE:MOS) insider has recently participated in insider trading activity. Director, Popowich James L. bought 3,000 shares for $ 70,710 via one transaction Feb 16. Another notable insider trading was done by Gitzel Timothy S. on Feb 16, who is the Director. The insider acquired 10,000 shares at an average price of $23.35. Moreover, an insider selling of 5,298 shares was carried out by Davis Gary N., Sr VP – Phosphate Operations, on Jul 23. Following the transaction, the insider now owns 27,047 shares in total. EVP, Chief Financial Officer MACK RICHARD L sold 9,582shares for $ 435,436            through one transaction Jun 01. Following this sale, this insider’s stake in the company comprises 78,752 shares, priced at $1992425.6 as of Wednesday.


The stock has experienced a total of 3 insider trades in the past three months. These trades include 0 sell activities and 3 buy trades. Furthermore, over the past 12 months, the stock was traded 32 times by insiders. In 16 of these trades, the insider was a seller while an employee of the company was the buyer in just 16 instances.


On February 17, 2016, Carlisle Companies Incorporated (CSL) announced that Corrine D. Ricard, Senior Vice President, Human Resources of Mosaic Co (MOS), has been elected to its Board of Directors, effective immediately. The Mosaic Company (Mosaic) is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic serves customers in approximately 40 countries. Mosaic is headquartered in Plymouth, MN, with 2015 net sales of $8.9 billion.


David A. Roberts, Executive Chairman, said, “We are very excited to have Corrine join our board. Corrine’s expertise in human resources and business development, in addition to her extensive international experience, will be tremendously valuable to Carlisle and its shareholders as we continue to pursue our growth objectives.”


The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash. The Phosphates segment owns and operates mines in Florida. It offers concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products. This segment also offers phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names. The Potash segment produces and sells potash for use as fertilizers and animal feed ingredients, as well as for use in industrial applications. It also offers potash products for use in the de-icing and as a water softener regenerant, as well as fluorosilicic acid for water fluoridation.


 

Stock to Track: Harley-Davidson, Inc. (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG) reported earnings for the three months ended Mar2016 on April 19, 2016. The company earned $1.36 per share on revenue of $1.58B. Analysts had been modeling earning per share of $1.3 with $1.5B in revenue.


On April 19, 2016 Harley-Davidson, Inc. (HOG) first quarter 2016 diluted earnings per share increased 7.1 percent to $1.36 compared to diluted EPS of $1.27 in the same period in 2015. Net income was $250.5 million on consolidated revenue of $1.75 billion compared to net income of $269.9 million on consolidated revenue of $1.67 billion in last year’s first quarter.


“I am pleased with how our first quarter results demonstrate the progress we’re making in both driving demand and delivering business performance in a highly competitive environment,” said Matt Levatich, President and Chief Executive Officer, Harley-Davidson, Inc.


Harley-Davidson worldwide retail motorcycle sales in the first quarter were up 1.4 percent, driven by a 4.5 percent increase in international markets. Although retail motorcycle sales in the U.S. were down slightly compared to the year-ago quarter, retail sales trends have significantly improved over previous quarters.  Worldwide retail sales were driven, in part, by increased investments in marketing and new product introductions.


In 2016, the company is increasing its marketing and product development investments to drive demand. The increased investments are focused in four areas:  increasing product and brand awareness; growing new ridership in the U.S.; increasing and enhancing brand access; and accelerating the cadence and impact of new products.


Guidance


Harley-Davidson continues to expect it will ship 269,000 to 274,000 motorcycles in 2016, an approximate 1 to 3 percent increase from 2015. In the second quarter of 2016, the company expects to ship 82,500 to 87,500 motorcycles compared to 85,172 motorcycles shipped in the year-ago period. The company continues to expect full-year 2016 operating margin of approximately 16 to 17 percent for the Motorcycles segment. The company continues to expect 2016 capital expenditures for Harley-Davidson, Inc. of $255 million to $275 million.


Harley-Davidson, Inc. earnings per share showed a decreasing trend of -4.8% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 430%.Analysts project EPS growth over the next 5 years at 11.75%. It has EPS annual growth over the past 5 fiscal years of 27.3% when sales grew 4.3. It reported 4.6% sales growth, and 6.7% EPS growth in the last quarter.


The stock is trading at $46.39, up 29.8% from 52-week low of $36.36. The stock trades down -21.25% from its peak of $60.67 and 8.08% above the consensus price target of $50.14. Its volume clocked up at 2.79 million shares which is lower than the average volume of 2.93 million shares. Its market capitalization currently stands at $8.35B.

Under Analyst’s Radar: KapStone Paper and Packaging Corporation (KS)

The shares of KapStone Paper and Packaging Corporation (NYSE:KS) currently has mean rating of 2.55 while 2 analysts have recommended the shares as “BUY”, 3 recommended as “OUTPERFORM” and 4 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.


The company’s mean estimate for sales for the current quarter ending Jun 16 is 820.43M by 10 analysts. The means estimate of sales for the year ending Dec-16 is 3.14B by 11 analysts.


The mean price target for the shares of KapStone Paper and Packaging Corporation (KS) is at 17.28 while the highest price target suggested by the analysts is 24.00 and low price target is 10.00. The mean price target is calculated keeping in view the consensus of 9 brokerage firms.


The average estimate of EPS for the current fiscal quarter for KapStone Paper and Packaging Corporation (KS) stands at 0.29 while the EPS for the current year is fixed at 1.18 by 9 analysts.


The next one year’s EPS estimate is set at 1.39 by 9 analysts while a year ago the analysts suggested the company’s EPS at 1.18. The analysts also projected the company’s long-term growth at 0.40% for the upcoming five years.


In its latest quarter ended on 31st March 2016, KapStone Paper and Packaging Corporation (KS) reported earnings of $0.23. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.


On May 11, 2016 KapStone Paper and Packaging Corporation (KS) announced that its Board of Directors has approved a regular quarterly dividend of $0.10 per share payable on July 13, 2016 to shareholders of record as of June 30, 2016.  Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the determination of the Company’s Board of Directors.


Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is the fifth largest producer of containerboard and corrugated packaging products and is the largest kraft paper producer in the United States. The Company has four paper mills, 21 converting plants and 65 distribution centers.   The business has approximately 6,300 employees.

Stock Earnings in Review: Umpqua Holdings Corporation (NASDAQ:UMPQ)

Umpqua Holdings Corporation (NASDAQ:UMPQ) reported earnings for the three months ended Mar2016 on April 20, 2016. The company earned $0.22 per share on revenue of $263.65M. Analysts had been modeling earning per share of $0.29 with $286.54M in revenue.


Umpqua Holdings Corporation (UMPQ) reported net earnings available to common shareholders of $47.5 million for the first quarter of 2016, compared to $62.9 million for the fourth quarter of 2015 and $47.0 million for the first quarter of 2015. Earnings per diluted common share were $0.22 for the first quarter of 2016, compared to $0.28 for the fourth quarter of 2015 and $0.21 for the first quarter of 2015.



  • Net earnings of $47.5 million, or $0.22 per common share

  • Operating earnings1 of $63.9 million, or $0.29 per common share

  • 12% annualized loan and lease growth (before sales and transfers) and 10% annualized deposit growth

  • Credit quality, capital and liquidity all remained strong


“Umpqua delivered solid financial performance in the first quarter, highlighted by robust growth in both loans and deposits, and reductions in core expenses,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “Our loan-to-deposit ratio was at 93 percent, as we continue to proactively manage asset concentrations and portfolio mix through diversified loan and lease growth and targeted sales. We continue to make good progress in advancing our technology, innovation, and customer delivery through our new subsidiary, Pivotus Ventures, and look forward to sharing further developments in the near future.”Umpqua Holdings Corporation earnings per share showed an increasing trend of 28.1% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 127%.Analysts project EPS growth over the next 5 years at 5.73%. It has EPS annual growth over the past 5 fiscal years of 46.6% when sales grew 13.7. It reported 2.2% sales growth, and 1.1% EPS growth in the last quarter.


The stock is trading at $15.99, up 20% from 52-week low of $13.46. The stock trades down -12.8% from its peak of $18.92 and 5.63% above the consensus price target of $16.89. Its volume clocked up at 1.34 million shares which is lower than the average volume of 1.7 million shares. Its market capitalization currently stands at $3.51B.

Analysts Downgrades Report: Melco Crown Entertainment Ltd (ADR) (MPEL)

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) received a stock rating downgrade from Credit Suisse on Apr-04-16. In a note to investors, the firm issued a Neutral rating. The analysts previously had an Outperform rating on the stock.


Analysts have a consensus target price of $ 18.84 in the 12-month period. The price objective is 18.19% higher than the recent closing price of $ 15.94. The 52-week price range is $ 11.56 – 24.03 and the company has a market capitalization of $ 10.13B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 4 has assigned a hold rating, 1 says it’s a buy, and 1 have assigned a strong buy rating to the company.


Melco Crown Entertainment Ltd (ADR) (MPEL) on February 18, 2016 reported its unaudited financial results for the fourth quarter and full year ended December 31, 2015.


Net revenue for the fourth quarter of 2015 was US$1,058.0 million, representing a decrease of approximately 6% from US$1,121.4 million for the comparable period in 2014. The decline in net revenue was primarily attributable to lower rolling chip revenues and mass market table games revenues in City of Dreams and Altira Macau, partially offset by the net revenue generated by Studio City and City of Dreams Manila, which started operations in October 2015 and December 2014, respectively.


Adjusted property EBITDA(1) was US$236.4 million for the fourth quarter of 2015, as compared to Adjusted property EBITDA of US$278.6 million in the fourth quarter of 2014. The 15% year-over-year decline in Adjusted property EBITDA was attributable to lower contribution from the group-wide rolling chip segment.


On a U.S. GAAP basis, net loss attributable to Melco Crown Entertainment for the fourth quarter of 2015 was US$12.3 million, or US$0.02 per ADS, compared with net income attributable to Melco Crown Entertainment of US$92.9 million, or US$0.17 per ADS, in the fourth quarter of 2014. The net loss attributable to noncontrolling interests during the fourth quarter of 2015 of US$65.6 million was related to Studio City and City of Dreams Manila.


Adjusted net income(2) attributable to Melco Crown Entertainment for the fourth quarter of 2015 was US$46.7 million, or US$0.09 per ADS, compared with adjusted net income attributable to Melco Crown Entertainment of US$123.3 million, or US$0.23 per ADS, in the fourth quarter of 2014.


Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, commented, “We delivered a strong set of operating and financial metrics in what is a still challenging environment in Macau, with our Macau-wide mass market table games revenues increasing on both a sequential and year-over-year basis in the fourth quarter of 2015.


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Stock in the Spotlight: Alliance Data Systems Corporation (NYSE:ADS)

Alliance Data Systems Corporation (NYSE:ADS) reported earnings for the three months ended Mar2016 on April 21, 2016. The company earned $3.84 per share on revenue of $1.68B. Analysts had been modeling earning per share of $3.82 with $1.69B in revenue.


Revenue increased 5 percent to $1.68 billion while adjusted EBITDA, net increased 2 percent to $440 million for the first quarter of 2016. EPS increased 1 percent to $2.35 and core EPS increased 5 percent to $3.84 for the first quarter of 2016, compared to guidance of $3.83. Unfavorable foreign exchange rates reduced revenue and core EPS by approximately 2 percent compared to the first quarter of 2015.


Ed Heffernan, president and chief executive officer of Alliance Data, commented, “Consolidated results were consistent with guidance, which called for revenue and core EPS growth of 5 percent. Remember, the first quarter of 2016 is our toughest comparable of the year as both revenue and core EPS increased 30 percent in the first quarter of 2015.


“Entering 2016, the two biggest concerns raised by stockholders focused on the likelihood of higher loss rates at Card Services and worsening economic conditions in Canada. Ironically, both were favorable during the first quarter as loss rates came in slightly better than expected (5.2 percent actual vs. 5.3 percent guidance), and Canada produced its strongest results in quite some time (4 percent revenue growth, 11 percent adjusted EBITDA growth – both in constant currency – on 5 percent issuance growth). Conversely, these positives were offset by softer than expected results in the agency business at Epsilon and gross yield compression in Card Services as early stage delinquencies improved.”


Alliance Data Systems Corporation earnings per share showed an increasing trend of 12.5% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 1886%.Analysts project EPS growth over the next 5 years at 13.38%. It has EPS annual growth over the past 5 fiscal years of 20.3% when sales grew 18.2. It reported 4.7% sales growth, and 1.2% EPS growth in the last quarter.


The stock is trading at $222.19, up 25.79% from 52-week low of $176.63. The stock trades down -27.81% from its peak of $307.78 and 16.29% above the consensus price target of $258.38. Its volume clocked up at 1.1 million shares which is higher than the average volume of 0.83 million shares. Its market capitalization currently stands at $12.68B.

Insider Trading Roundup: Prospect Capital Corporation (PSEC)

Prospect Capital Corporation (NASDAQ:PSEC) insider has recently participated in insider trading activity. CHIEF OPERATING OFFICER, Eliasek M Grier bought 15,000 shares for $93,300 via one transaction Feb 12. Following the transaction, the insider now owns 657,196 shares in total, priced at $6,307,921.64 as of Wednesday. Another notable insider trading was done by the same insider on Feb 12. Barry John F acquired 1,058,000 shares at an average price of $6.15 for a total of $15,340,826. Moreover, Eliasek M Grier carried out a buy of 15,000 shares at $5.70 each on Feb 11. The transaction amounted to $85,499. CHIEF EXECUTIVE OFFICER Barry John F bought 1,032,500 shares for $7,615,610 through one transaction Dec 24. Following this sale, this insider’s stake in the company comprises 12,971,606 shares, priced at $85,482,883.54 as of Wednesday.


The stock has experienced a total of 24 insider trades in the past three months. These trades include 0 sell activities and 24 buy trades. Furthermore, over the past 12 months, the stock was traded 33 times by insiders. In 0 of these trades, the insider was a seller while an employee of the company was the buyer in just 33 instances.


Prospect Capital Corporation (PSEC) on Feb 9, 2016 announced financial results for our second fiscal quarter ended December 31, 2015.


For the December 2015 quarter, our net investment income (“NII”) was $100.9 million or $0.28 per weighted average share. NII increased by $9.7 million on a dollars basis and increased by $0.02 on a per share basis compared to the September 2015 quarter, driven primarily by an increase in dividend income. NII increased by $9.6 million on a dollars basis and increased by $0.02 on a per share basis compared to the December 2014 quarter.


For the six months ended December 31, 2015, our NII was $192.1 million or $0.54 per weighted average share. For the six months ended December 31, 2014, our NII was $185.8 million or $0.53 per weighted average share. NII increased by $6.3 million year-over-year on a dollars basis and increased by $0.01 on a per share basis, driven primarily by an increase in dividend income.


As a tax-efficient regulated investment company, our 90% minimum shareholder dividend payout requirement is based on taxable income (“distributable income”) rather than GAAP net investment income. Distributable income from time to time can decouple from NII. In the December 2015 quarter, we generated distributable income of $99.9 million or $0.28 per weighted average share, similar to NII and exceeding our $0.25 per share of dividends by $0.03 per share.


 

Stock on the Move: Taiwan Semiconductor (TSM)

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported earnings for the three months ended Mar2016 on April 14, 2016. The company earned $0.38 per share on revenue of $6.14B. Analysts had been modeling earning per share of $0.38 with $6.17B in revenue.


Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices. The company is also involved in manufacturing masks; and wholesaling and retailing of electronic materials. In addition, it provides marketing and engineering support services; and customer service and technical support services, as well as sells electronic parts and solar related products. The company operates in Taiwan, the United States, Asia, Europe, the Middle East, Africa, and internationally. Taiwan Semiconductor Manufacturing Company Limited was founded in 1987 and is headquartered in Hsinchu, Taiwan.


Taiwan Semiconductor Manufacturing Company Limited earnings per share showed an increasing trend of 16.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 197%.Analysts project EPS growth over the next 5 years at 15%. It has EPS annual growth over the past 5 fiscal years of 13.4% when sales grew 15. It reported -8.3% sales drop, and -18% EPS decline in the last quarter.


The stock is trading at $24.72, up 42.73% from 52-week low of $17.32. The stock trades down -7.14% from its peak of $26.62 and 0.16% above the consensus price target of $24.76. Its volume clocked up at 8 million shares which is higher than the average volume of 7.19 million shares. Its market capitalization currently stands at $128.61B.

Insider Trading Activity in: Equifax Inc. (EFX)

Equifax Inc. (NYSE:EFX) insider has recently participated in insider trading activity. Chief HR Officer, Rushing Coretha M sold 12,820 shares for $ 1,371,227 via one transaction Oct 30. Following the transaction, the insider now owns 15,285 shares in total, priced at $ 1515813.45 as of Tuesday. Another notable insider trading was done by the same insider on Oct 29. Rushing Coretha M sold 25,000 shares at an average price of $ 106.55 for a total of $ 2,663,750. Moreover, KELLEY JOHN J III carried out a sale of 17,827 shares at $ 96.94 each on Feb 12. The transaction amounted to $ 1,728,149. CIO Webb David sold 3,983 shares for $ 384,798 through one transaction Feb 12. Following this sale, this insider’s stake in the company comprises 19,202 shares, priced at $ 1904262.34 as of Tuesday.


The stock has experienced a total of 12 insider trades in the past three months. These trades include 12 sell activities and zero buy trades. Furthermore, over the past 12 months, the stock was traded 70 times by insiders. In 42 of these trades, the insider was a seller while an employee of the company was the buyer in just 28 instances.


Equifax Inc. (EFX) on February 16, 2016 launched FraudIQ™, a comprehensive suite of identity verification, authentication, and fraud detection capabilities to help organizations reduce fraud, improve the customer experience, and better protect their reputations.  FraudIQ will help provide organizations with broad safeguards from account acquisition and account management to fraud monitoring and investigations.


The cost of fraudulent applications is expected to rise to $28.6 billion by 2016, according to research by the Aite Group.  With this in mind, more businesses are seeking comprehensive measures to help detect and prevent fraud.  The FraudIQ suite provides organizations with layered defenses against fraud throughout their customers’ lifecycles including identity verification, authentication and fraud detection tools.  FraudIQ capabilities scale from simple to complex depending upon the organization’s need and include:



  • Passive identity checks to help quickly alert an organization of synthetic or stolen identities without disrupting the customer acquisition process;

  • Customized identity and fraud scoring models and attributes that can be layered into the acquisition process based on business strategy and risk tolerance;

  • Process improvement tools for fraud departments to more effectively manage applications, identify fraud rings and help reduce fraud at account opening;

  • Multi-pronged authentication tools using the latest biometric, device and knowledge technologies to confirm identities transacting through remote channels;

  • Risk-based authentication frameworks that reduce customer friction while providing enhanced security by invoking the appropriate fraud defenses for a given transaction; and

  • Investigative tools to delve further into identity relationships.


To be effective at preventing fraud, organizations must first understand their customers, detect anomalies, and then course correct as necessary. FraudIQ uses Equifax’s vast identity resources to corroborate identity information, detect behavioral anomalies, and recognize patterns. In addition, FraudIQ provides organizations with the frictionless tools they need to more effectively manage and respond to the identity intelligence they receive to help minimize financial loss to the organization while still helping optimize customer experience.


 

Analysts Upgrade: Finish Line Inc. (FINL)

Finish Line Inc (NASDAQ:FINL) received a stock rating upgrade from BB&T Capital Markets on Mar-28-16. In a note to investors, the firm issued a Buy rating and also issued the target price on the stock of $24. The analysts previously had a Hold rating on the stock.


The 52-week price range is $ 15.20 – 28.63 and the company has a market capitalization of $ 948.86M. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 11 has assigned a hold rating, zero says it’s a buy, and 8 have assigned a strong buy rating to the company.


Finish Line Inc (FINL) on March 24, 2016 reported results for the fourth quarter and fiscal year 2016, representing the thirteen and fifty-two weeks ended February 27, 2016.


For the thirteen weeks ended February 27, 2016:



  • Consolidated net sales were $580.3 million, an increase of 5.2% over the prior year period.

  • Finish Line comparable store sales increased 4.6%.

  • On a GAAP basis, diluted earnings per share were $0.09.

  • Non-GAAP diluted earnings per share, which primarily excludes the impact from the write-off of technology assets and store impairment charges, were $0.83.


For the fifty-two weeks ended February 27, 2016:



  • Consolidated net sales were a record $1.89 billion, an increase of 3.8% over the prior year.

  • Finish Line comparable store sales increased 1.8%.

  • On a GAAP basis, diluted earnings per share were $0.48.

  • Non-GAAP diluted earnings per share, which primarily excludes the impact from the write-off of technology assets and store impairment charges, were $1.21.


“We worked diligently to improve digital fulfillment rates and flow new inventory to our stores during the fourth quarter which helped us achieve a mid-single digit comparable sales increase and adjusted earnings per share at the high-end of our guidance range,” said Sam Sato, Chief Executive Officer of Finish Line. “In addition to achieving optimal performance from our supply chain, our top priorities are continuing to bolster our vendor relationships and fortifying the foundational strengths of the company through new leadership and improved processes. I am confident that elevating our execution across the organization will result in an enhanced customer experience and drive profitable growth and increased shareholder value over the long-term.”


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Stock Buzz: NIKE, Inc. (NYSE:NKE)

NIKE, Inc. (NYSE:NKE) reported earnings for the three months ended Feb2016 on March 22, 2016. The company earned $0.55 per share on revenue of $8.03B. Analysts had been modeling earning per share of $0.49 with $8.2B in revenue.


NIKE, Inc. (NKE) on March 22, 2016 reported financial results for its fiscal 2016 third quarter ended February 29, 2016. Strong consumer demand drove revenue growth across the NIKE Brand portfolio. Diluted earnings per share grew 22 percent, primarily due to revenue growth, a lower effective tax rate and a lower average share count.


“In the third quarter, NIKE delivered robust and balanced growth across our expansive, powerful portfolio,” said Mark Parker, President and CEO, NIKE, Inc. “We grow by serving the athlete personally every day and, as we unveiled last week, through breakthrough innovation that gives us a foundation for growth for years to come. Combined with our strategic investments, world-class execution and financial discipline, NIKE consistently delivers value to our shareholders.”


Third Quarter Income Statement Review



  • Revenues for NIKE, Inc. rose 8 percent to $8 billion, up 14 percent on a currency neutral basis.

  • Revenues for the NIKE Brand were $7.6 billion, up 15 percent on a currency neutral basis driven by growth in every geography and nearly all key categories.

  • Revenues for Converse were $489 million, down 5 percent on a currency neutral basis, mainly driven by a major system go-live that accelerated orders from the fourth quarter to the third quarter in the prior year.

  • Gross margin was 45.9 percent, flat compared to prior year. Gross margin benefitted from higher average selling prices and continued growth in the higher margin Direct to Consumer (DTC) business, which were offset by unfavorable changes in foreign currency exchange rates, higher warehousing costs, and the impact of clearing excess inventory in North America.

  • Selling and administrative expense increased 8 percent to $2.6 billion. Demand creation expense was $804 million, up 10 percent compared to the prior year due to increased investments in advertising, brand events, and digital brand marketing. Operating overhead expense increased 7 percent to $1.8 billion, reflecting growth in the DTC business and targeted investments in operational infrastructure and consumer-focused digital capabilities.


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NIKE, Inc. earnings per share showed an increasing trend of 24.5% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 246%.Analysts project EPS growth over the next 5 years at 14.13%. It has EPS annual growth over the past 5 fiscal years of 13.9% when sales grew 10. It reported 7.7% sales growth, and 22.2% EPS growth in the last quarter.


The stock is trading at $56.19, up 19.82% from 52-week low of $47.25. The stock trades down -17.39% from its peak of $68.19 and 26.93% above the consensus price target of $71.32. Its volume clocked up at 8.52 million shares which is lower than the average volume of 9.29 million shares. Its market capitalization currently stands at $94.66B.

Stock to Watch For Earnings: Celanese Corporation (NYSE:CE)

Celanese Corporation (NYSE:CE) reported earnings for the three months ended Mar2016 on April 18, 2016. The company earned $1.83 per share on revenue of $1.4B. Analysts had been modeling earning per share of $1.49 with $1.39B in revenue.


Celanese Corporation (CE) on April 18, 2016 reported first quarter 2016 adjusted earnings per share of $1.83. We were able to generate these strong results in a challenging environment by leveraging the strength of our core operating models and through our commitment to productivity. In Materials Solutions, we continued our momentum of closing new projects that add meaningful value to our customers by combining chemistry with our applications expertise. In the Acetyl Chain, we leveraged our integrated value chain to capture opportunities and maximize value in a challenging and dynamic market environment.


First Quarter 2016 Highlights:



  • Record adjusted earnings per share of $1.83, an increase of 6 percent over the prior year

  • Adjusted EBIT of $358 million and margin of 25.5 percent, both record performances

  • Record core income and margin performance in Materials Solutions

  • Free cash flow of $217 million, the highest ever first quarter performance

  • Received U.S. Environmental Protection Agency’s prestigious 2016 ENERGY STAR Partner of the Year Award, which recognizes industrial companies that perform at a superior level of energy management across their organizations

  • Expanded engineered materials product portfolio with the addition of Nylon 6 and Nylon 6/6 using differentiated technology developed by Celanese

  • Announced expansion of vinyl acetate ethylene (VAE) portfolio in Nanjing, China, with the addition of Celvolit 149HV. This new offering is available for most general adhesive applications, is formaldehyde-free and provides high viscosity along with excellent heat resistance and adhesion performance


First Quarter Business Segment Overview


Materials Solutions


Materials Solutions generated record core income of $226 million and expanded margin by 360 basis points year over year to 38.0 percent, its highest performance ever. Engineered Materials (Advanced Engineered Materials excluding affiliates) adjusted EBIT increased by 46 percent year over year, driven by success of our operating model. Advanced Engineered Materials volumes grew 5 percent versus the prior year quarter, as we worked closely with our customers to develop innovative solutions that address their critical needs. During the quarter, we continued the momentum of our opportunity pipeline, launching over 300 new projects. Affiliate earnings declined $12 million versus the prior year, driven by lower prices for MTBE which impacted the Ibn Sina joint venture.


Segment income in Consumer Specialties was $106 million, 15 percent higher than the prior year. Volumes increased 17 percent versus the prior year, as the first quarter of 2015 was impacted by significant destocking in acetate tow. Pricing was down 9 percent year over year due to low industry utilization rates in tow, but was more than offset by volume, productivity gains and lower energy costs.


Celanese Corporation earnings per share showed a decreasing trend of -50.3% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 714%.Analysts project EPS growth over the next 5 years at 9.49%. It has EPS annual decline over the past 5 fiscal years of -5.7% when sales declined -0.8. It reported -3.2% sales drop, and 12.7% EPS growth in the last quarter.


The stock is trading at $70.48, up 31.59% from 52-week low of $54.35. The stock trades down -4.98% from its peak of $74.55 and 9.25% above the consensus price target of $77. Its volume clocked up at 0.91 million shares which is higher than the average volume of 0.82 million shares. Its market capitalization currently stands at $10.47B.

Recent Insider Activity: Nektar Therapeutics

 


Nektar Therapeutics (NASDAQ:NKTR) insider has recently participated in insider trading activity. SVP & Chief Medical Officer, Gergel Ivan P. sold 556 shares for $6,628 via one transaction Feb 17. Another notable insider trading was done by Nicholson John on Feb 17, who is the SVP & Chief Financial Officer. The insider Sold 963 shares at an average price of $11.92. Moreover, an insider selling of 2,147 shares was carried out by ROBIN HOWARD W, President& CEO, on Feb 17. Following the transaction, the insider now owns 13,478 shares in total. SVP & Chief Accounting Officer Thomsen Jillian B. sold 716 shares for $8,535 through one transaction Feb 17. Following this sale, this insider’s stake in the company comprises 5,158 shares, priced at $58491.72 as of Thursday.


The stock has experienced a total of 11 insider trades in the past three months. These trades include 11 sell activities and 0 buy trades. Furthermore, over the past 12 months, the stock was traded 33 times by insiders. In 33 of these trades, the insider was a seller while an employee of the company was the buyer in just 0 instances.


Nektar Therapeutics (NKTR) on February 1, 2016 announced the publication in Clinical Cancer Research of pre-clinical findings for NKTR-214. The paper, titled “NKTR-214, an Engineered Cytokine with Biased IL2 Receptor Binding, Increased Tumor Exposure, and Marked Efficacy in Mouse Tumor Models,” (Charych et al., Clin Cancer Res, doi:10.1158/1078-0432.CCR-15-1631) documents a broad set of pre-clinical data supporting the clinical advancement of NKTR-214.  Among the findings reported, treatment with NKTR-214 led to durable and specific anti-tumor immunity in multiple syngeneic mouse models both as a single agent and as combination therapy with checkpoint inhibitors. In addition, treatment with single-agent NKTR-214 in tumor-bearing mice resulted in a controlled, sustained, and biased T-cell activation leading to a 450:1 mean ratio of CD8-positive effector T cells to T-regulatory cells in the tumor microenvironment, while maintaining more balanced ratios in non-tumor tissues and circulation.


“NKTR-214 allows us to capture and harness the power of the IL-2 biological pathway, which is known to promote T cell growth, to stimulate the body’s own immune system to target and fight cancer. The design of NKTR-214 gives it a combination of biophysical, biochemical, and pharmacological properties that translate into a desirable anti-tumor immune profile,” said Stephen Doberstein, Ph.D., Senior Vice President and Chief Scientific Officer of Nektar Therapeutics.


“We are pleased that the unique mechanism, efficacy and safety of NKTR-214 are now described and published in a prestigious peer-reviewed journal that is widely read by oncologists, scientists and physician-scientists,” said Dr. Doberstein.  “We are continuing to advance NKTR-214 in an ongoing Phase 1/2 clinical trial in cancer patients and we expect to have preliminary top-line results from the first stage of this study in the second half of 2016.”


 

Yesterday’s Analyst’s Downgrade: ADT Corp

ADT Corp (NYSE:ADT) received a stock rating downgrade from Credit Suisse on Apr-05-16. In a note to investors, the firm issued a Neutral rating. The analysts previously had an Outperform rating on the stock.


The 52-week price range is $24.22-$41.80 and the company has a market capitalization of $6.81 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 4 has assigned a hold rating, 0 says it’s a buy, and 1 have assigned a strong buy rating to the company.


ADT Corp (ADT) on March 28, 2016 announced the expiration of the 40-day “go shop” period included in the previously announced merger agreement under which ADT will be acquired by an affiliate of certain funds managed by affiliates of Apollo Global Management, LLC (APO).  ADT and its representatives actively solicited alternative acquisition proposals during the go-shop period from 24 potential acquirers.  During such time, none of these parties executed a confidentiality agreement or otherwise expressed an interest in pursuing a transaction, and no other party proposed an alternative transaction.


The ADT Corporation provides monitored security, interactive home and business automation, and related monitoring services in the United States and Canada. The company’s monitored security and home/business automation offerings include the installation and monitoring of residential and business security, and premises automation systems designed to detect intrusion, control access and react to movement, smoke, carbon monoxide, flooding, temperature, and other environmental conditions and hazards, as well as to address personal emergencies, such as injuries, medical emergencies, or incapacitation. It also provides various alternate and back-up alarm transmission methods, including cellular and broadband Internet; monitoring center supported personal emergency response system products and services; and customer service for maintenance and the installation of upgraded or additional equipment. The company offers its products primarily under the brand ADT and ADT Pulse to residential customers, including owners of single-family homes, as well as retail businesses, food and beverage service providers, medical offices and clinics, mechanical and auto-body shops, professional service providers, and small-scale commercial facilities. It markets its products through independent and third-party authorized dealers, affinity organizations, and third-party referral companies. The ADT Corporation was founded in 1874 and is headquartered in Boca Raton, Florida.


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