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Earnings Scheduled For August 23
Tuesday, August 23, 2011 - 2:23am | 481Williams-Sonoma Inc (NYSE: WSM) is expected to report its Q2 EPS at $0.36 on revenue of $823.97 million. American Woodmark Corporation (NASDAQ: AMWD) is estimated to post a Q1 loss at $0.17 per share on revenue of $116.18 million. La-Z-Boy Incorporated (NYSE: LZB) is projected to report its FQ1...
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Stocks To Watch For August 23
Tuesday, August 23, 2011 - 1:56am | 235Some of the stocks that may grab investor focus today are: Wall Street expects La-Z-Boy Incorporated (NYSE: LZB) to report its FQ1 EPS at $0.06 on revenue of $278.75 million. LZB shares dropped 1.95% to close at $7.05 yesterday. Focus Media Holding Ltd (NASDAQ: FMCN) its Q2 net income...
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Green Mountain Coffee Roasters Announces Appointment of Stephen L. Gibbs as Chief Accounting Officer
Monday, August 22, 2011 - 3:00pm | 87Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) today announced the appointment of Stephen L. Gibbs as its Vice President and Chief Accounting Officer effective immediately. This newly created position has been established to strengthen GMCR's accounting function and overall financial control...
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Notable Put Options Activity in Sanderson Farms
Monday, August 22, 2011 - 11:16am | 87Shares of Sanderson Farms (NASDAQ: SAFM) are lower on the session by 3.26%, currently trading at $39.12. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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NASDAQ Stocks Hitting 52-Week Lows
Monday, August 22, 2011 - 9:33am | 133VIST Financial Corp (NASDAQ: VIST) shares fell 2.43% to create a new 52-week low of $6.02. VIST shares have dropped 18.71% over the past 52 weeks, while the S&P 500 index has gained 4.84% in the same period. Synutra International Inc (NASDAQ: SYUT) shares dropped 0.86% to create a new 52-week...
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BGB Initiates Reddy Ice Holdings At Hold, $2 PT
Monday, August 22, 2011 - 9:22am | 26BGB Securities has initiated coverage on Reddy Ice Holdings (NYSE: FRZ) with a Hold rating and $2 price target.
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UPDATE: J.P. Morgan Lowers PT on J.M. Smucker to $79
Monday, August 22, 2011 - 6:31am | 94J.P. Morgan is out with its report today on J.M. Smucker (NYSE: SJM), lowering its PT to $79 from $83. In its report, J.P. Morgan writes, "FY12E goes to $5.04 from $5.14 and FY13E to $5.48 from $5.66. Our estimates have been lowered because of concerns that margins outside coffee could stay muted...
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Jefferies Comments On Chicken Woes For Sanderson Farms
Monday, August 22, 2011 - 6:30am | 77According to Jefferies, Sanderson Farms (NASDAQ: SAFM) chicken prices hit YTD highs this week. Jefferies said that chicken industry woes well known by the Street. “Our $55 PT equates to 2X P/BV, a discount to SAFM's mean 3-year P/BV. We believe the discount is warranted given the challenging...
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Bank of America Merrill Lynch Maintains Buy on Kraft Foods
Monday, August 22, 2011 - 6:23am | 104Bank of America Merrill Lynch is out with its report today on Kraft Foods (NYSE: KFT), maintaining Buy. In its report, Bank of America Merrill Lynch writes, "Our Buy thesis is based on our belief that the company has transitioned from a slow growth domestic focused food company to a faster growing...
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JP Morgan Lowers PT on JM Smucker To $79
Monday, August 22, 2011 - 5:19am | 28JP Morgan has lowered the price target on JM Smucker Company (NYSE: SJM) from $83 to $79 and maintains its Overweight rating.
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Morgan Joseph's Share Comments on Fraud Allegation at Zhongpin
Friday, August 19, 2011 - 9:57am | 466Zhongpin (NASDAQ: HOGS) is the most recent Chinese reverse-merger to come under fire. The company, as its ticker may suggest, is a pork processor located in China. On Wednesday, The GeoTeam published a report on the company, alleging that it was defrauding investors. In its report, The GeoTeam...
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UPDATE: Citi Lowering Price Target On The J.M. Smucker Company
Friday, August 19, 2011 - 6:39am | 170Citi Investment Research is out with a research report on The J.M. Smucker Company (NYSE: SJM) and is lowering its price target to $78 from $82, but is keeping its Hold rating on shares. In a note to clients, Citi Investment Research writes, "Smucker reported a strong 1Q with EPS of $1.12, a +3c...
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Citigroup Lowers PT On JM Smucker To $78
Friday, August 19, 2011 - 5:18am | 28Citigroup has lowered the price target on The JM Smucker Company (NYSE: SJM) from $82 to $78 and maintains its Hold rating.
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Notable Put Options Activity in Dean Foods
Thursday, August 18, 2011 - 11:04am | 118Shares of Dean Foods (NYSE: DF) are lower on the session by 3.91%, currently trading at $8.35. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the December...
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Earnings Roundup
Thursday, August 18, 2011 - 8:07am | 1563Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts were...