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Citi Comments On AmerisourceBergen's CEO's Retirement
Tuesday, March 15, 2011 - 7:26am | 143After market close today AmerisourceBergen (NYSE: ABC) announced the retirement of longtime Chief Executive Officer R. David Yost effective July 1, 2011. Succeeding him will be the current President and Chief Operating Officer Steven H. Collis. CEO Yost has been at the firm for 37 years and has...
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Earnings Scheduled For March 15 (AIR, DSW, SSRX, CRZO, BPZ, ESLT, RUE, BWS, INFI, ALXA, BWEN, CHDX, ATPG)
Tuesday, March 15, 2011 - 2:02am | 369AAR Corp (NYSE: AIR) is projected to report its Q3 EPS at $0.42 on revenue of $447.38 million. DSW Inc (NYSE: DSW) is estimated to report its Q4 earnings at $0.44 per share on revenue of $462.95 million. 3SBio Inc (NASDAQ: SSRX) is expected to post its Q4 EPS at $0.06 on revenue of $14.35 million...
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AmerisourceBergen CEO Dave Yost to Retire, Steve Collis Named Successor
Monday, March 14, 2011 - 3:13pm | 48AmerisourceBergen Corporation (NYSE: ABC) today announced that Chief Executive Officer R. David Yost will retire from the Company on July 1, 2011. The AmerisourceBergen Board of Directors has named Steven H. Collis, age 49, to succeed Yost, also effective July 1, 2011.
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Goldman Sachs Raises PT on ABC to $45 (ABC)
Monday, March 14, 2011 - 7:32am | 79In a report issued by Goldman Sachs, AmerisourceBergen Corp.'s (NYSE: ABC) Price Target has been raised. According to the report, “We reiterate our CL-Buy where our 12-month PT goes to $45 (from $43) on increased estimates and represents 22% upside to current levels. Our new FY2011-2013 EPS are $2...
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PharMerica Reports the Amending and Restating of Agreement with Kindred Healthcare Operating
Monday, March 7, 2011 - 7:32am | 64PharMerica Corporation (NYSE: PMC) today announced that the Master Pharmacy Provider Agreement with Kindred Healthcare Operating, Inc.has been amended. Under the amendment, the parties agreed to contract terms effective January 1, 2011, through December 31, 2013. During the contract period, the...
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Fast Money Picks For March 2nd (FDO, MCK, AGQ)
Tuesday, March 1, 2011 - 8:13pm | 174CNBC Fast Money's Tim Seymour said on the show that investors should take a short position in agriculture stocks. Guy Adami thinks that silver is going higher. If you agree with him, you can buy ProShares Ultra Silver (ETF) (NYSE: AGQ) tomorrow. ProShares Ultra Silver (ETF) (AGQ) gained 4.58%...
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Merger Arbitrage Mondays – February 28, 2011
Monday, February 28, 2011 - 10:11am | 4863Merger activity increased last week with six new deals announced and five deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 29 Total Number of Deals Not...
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J.P Morgan Comments On Patterson Companies Following Earnings Results
Friday, February 25, 2011 - 9:27am | 198Yesterday morning Patterson Companies (NASDAQ: PDCO) reported 3Q11 results that were consistent with the company's preannouncement on Friday, 2/18. EPS of $0.47 compared to the $0.46-0.47 preannounced range, and the company reiterated FY11 EPS guidance of $1.86-1.88. J.P Morgan remains cautious...
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PharMerica Reports Results for the Fourth Quarter of 2010 and Year Ended December 31, 2010
Thursday, February 24, 2011 - 4:09pm | 457PharMerica Corporation (NYSE: PMC), a national provider of institutional pharmacy and hospital pharmacy management services, today reported the financial results of its fourth quarter of 2010 and year ended December 31, 2010. The Company had Adjusted EBITDA of $17.8 million in the fourth quarter...
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Goldman Sachs Raises Henry Schein PT To $67, Maintains Neutral (HSIC)
Wednesday, February 23, 2011 - 10:45am | 105Goldman Sachs raised its Henry Schein (NASDAQ: HSIC) price target from $60 to $67 and kept its Neutral rating in a research report published today. In the report, Goldman Sachs states, "While we do not believe the North American dental market has returned to historical growth levels, we see these...
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J.P. Morgan Maintains Neutral Rating On HSIC
Wednesday, February 23, 2011 - 7:28am | 116Yesterday morning, Henry Schein, Inc. (NASDAQ: HSIC) reported 4Q10 EPS of $1.00, “above our $0.94 estimate and Bloomberg consensus of $0.96,” J.P. Morgan reports. “In addition, the company reaffirmed the prior 2011 EPS guidance,” J.P. Morgan writes. “We continue to remain cautious on HSIC given the...
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J.P. Morgan Comments On Henry Schein (HSIC)
Tuesday, February 22, 2011 - 10:05am | 132J.P. Morgan commented on Henry Schein (NASDAQ: HSIC) in a research report published this morning. J.P. Morgan has previously given Henry Schein a Neutral rating. In the report, J.P. Morgan states, "This morning, HSIC reported 4Q10 EPS of $1.00, which was above our estimate of $0.94 and Bloomberg...
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HSIC Top-Line Results Were Solid, Goldman Sachs Reports
Tuesday, February 22, 2011 - 9:50am | 150Henry Schein, Inc. (NASDAQ: HSIC) reported 4Q EPS of $1.00 “vs. our estimate and consensus at $0.96,” Goldman Sachs reports. “Relative to our model, top-line results were solid although COGS was considerably ahead of our estimate, while the bottom line was helped by below the line items (i.e....
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Benzinga's Top Downgrades (PDCO, BNS, DWA, NOK)
Tuesday, February 22, 2011 - 8:21am | 138Patterson Companies Inc (NASDAQ: PDCO) was downgraded by RW Baird from "outperform" to "neutral." PDCO's shares closed at $33.85 on Friday. PDCO's trailing-twelve-month profit margin is 6.74%. Macquarie downgraded Bank of Nova Scotia (NYSE: BNS) from “outperform” to “neutral.” BNS' stock closed at...
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Patterson Companies Lowers Fy EPS Guidance to $1.86 to $1.88
Friday, February 18, 2011 - 8:01am | 127Patterson Companies, Inc. (Nasdaq: PDCO) today said it is forecasting sales of approximately $825.0 million for the third quarter of fiscal 2011 ended January 29, compared to $820.1 million in the year-earlier quarter. Earnings in this year's third quarter are forecasted in the range of $0.46 to $0...