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Is Diamond Foods a Classic Case of Accounting Fraud?
Monday, December 12, 2011 - 11:32am | 849Diamond Foods (NASDAQ: DMND) is a food company that manufactures and distributes snack products internationally. Recently, the producer came under fire for delaying its quarterly SEC filing in order to sort out possible accounting distortions. Interestingly, the company's internal audit committee...
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Citigroup Comments on Lorillard's Price Increase Announcement
Friday, December 9, 2011 - 2:31pm | 156Citigroup has published a research report on Lorillard (NYSE: LO) after the company announced an $0.06 price increase per pack this morning. In the report, Citigroup writes, "This morning, LO announced a $0.06 per pack price increase across its cigarette portfolio. The price increase is to take...
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Morgan Stanley Maintains Equal-Weight, PT of $105 on Lorillard
Wednesday, December 7, 2011 - 6:58am | 95Morgan Stanley reiterates its Equal-weight rating and price target of $105 per share on Lorillard Inc. (NYSE: LO) on a less attractive risk-reward ratio following recent outperformance. Morgan Stanley says, “Menthol uncertainty persists, limiting ability to trade at premium to peers. …Lorillard...
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Top 4 Stocks In The Cigarettes Industry With The Lowest PEG Ratio
Thursday, December 1, 2011 - 11:08am | 110Below are the top cigarettes stocks on the NYSE, the NASDAQ and the AMEX in terms of PEG ratio British American Tobacco plc (AMEX: BTI) has a PEG ratio of 1.19. BTI's trailing-twelve-month ROE is 39.34%. Philip Morris International Inc (NYSE: PM) has a PEG ratio of 1.23. PM's trailing-twelve-...
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Notable Put Options Activity in Lorillard
Friday, November 18, 2011 - 1:37pm | 115Shares of Lorillard (NYSE: LO) are lower on the session by 0.83%, currently trading at $108.77. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the November...
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Disclosure Insight Maintains Medium Risk Rating on Lorillard
Thursday, November 17, 2011 - 6:54am | 68A report from Disclosure Insight reiterates its Medium Risk – Positive Bias rating on Lorillard (NYSE: LO). The report states, “A substantial amount of pending litigation; concentrated revenue; and the chairman and CEO positions being held by one person support our opinion of a Medium Risk -...
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Earnings Scheduled For November 14
Monday, November 14, 2011 - 4:24am | 544J.C. Penney Company Inc (NYSE: JCP) is expected to report its Q3 EPS at $0.09 on sales of $3.99 billion. Concord Medical Services Holdings Limited (NYSE: CCM) is expected to report its Q3 EPS at $0.13 on revenue of $20.50 million. Urban Outfitters Inc (NASDAQ: URBN) is estimated to report its Q3...
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Benzinga's Political Round Up, November 8, 2011
Tuesday, November 8, 2011 - 12:10pm | 145A judge has granted a temporary injunction that would have made tobacco companies such as Altria (NYSE: MO), Lorillard (NYSE: LO), and Reynolds American (NYSE: RAI) put graphic images on cigarette packages starting next year. Italian Prime Minister Silvio Berlusconi won a budget vote today, but...
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UPDATE: Court Grants Preliminary Injunction Against FDA in Graphic Warning Labels Suit Brought by Lorillard
Monday, November 7, 2011 - 1:56pm | 181Judge Richard J. Leon of the U.S. District Court of the District of Columbia today granted a preliminary injunction against the U.S. Food and Drug Administration in a case filed by Lorillard, Inc. (NYSE: LO) that challenged the constitutionality of nine new cigarette graphic warning labels. The...
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Mead Johnson Nutrition Company Earnings Preview: Analysts Expect Higher EPS, Revenue
Tuesday, October 25, 2011 - 10:49am | 561Mead Johnson Nutrition Company (NYSE: MJN) unveils its next round of earnings this Thursday, October 27, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report. Earnings and Revenue: Analysts are looking ahead to a positive EPS of 77 cents/...
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Altria Group Earnings Preview: Analysts Expect Falling Revenue, Rising EPS
Tuesday, October 25, 2011 - 10:24am | 562Altria Group (NYSE: MO) announces its next round of earnings this Thursday, October 27, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report. Earnings and Revenue: Analysts are looking ahead to a positive EPS of 56 cents/share and revenues...
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Mead Johnson Nutrition Company Earnings Preview: Analysts Expect Higher EPS, Revenue
Monday, October 24, 2011 - 9:48am | 553Mead Johnson Nutrition Company (NYSE: MJN) releases its next round of earnings this Thursday, October 27, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report. Earnings and Revenue: Ahead of the company's earnings announcement, analysts...
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Earnings Roundup
Monday, October 24, 2011 - 8:37am | 901Kimberly-Clark Corp (NYSE: KMB) reported a 6.3% drop in its Q3 profit. Kimberly-Clark's quarterly profit declined to $458 million, or $1.09 per share, from $489 million, or $1.14 per share, in the year-ago period. On an adjusted basis, Kimberly-Clark's earnings came in at $1.26 per share. Its net...
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Citigroup Says Buy Lorillard on Weakness
Monday, October 24, 2011 - 7:49am | 95Citigroup has published a research report on Lorillard (NYSE: LO) after the company reported 3Q EPS below expectations. In the report, Citigroup writes, "This morning, LO reported 3Q11 EPS of $1.94 (+7.2%), which came in four cents below our estimate, and nine cents below consensus. This miss to...
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Benzinga's Top Pre-Market Losers
Monday, October 24, 2011 - 7:37am | 100Lorillard Inc (NYSE: LO) dropped 7.47% to $107.00 in the pre-market trading. LO reported a 2.6% drop in its Q3 net income. EMC Corporation (NYSE: EMC) moved down 4.66% to $22.91 in the pre-market session. EMC's trailing-twelve-month ROA is 6.84%. Altera Corporation (NASDAQ: ALTR) fell 2.40% to $...