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Posts Tagged ‘Buzz’

Dunkin’ soaked 10% on plan to close 100 stores

October 1st, 2015 No comments
In this Feb. fourteen 2014 record photo, a lady binds a doughnut and a libation at a Dunkin' Donuts in New York.

In this Feb. fourteen 2014 record photo, a lady binds a doughnut and a libation at a Dunkin’ Donuts in New York.

Dunkin’ Brands (DNKN) shares dunked Thursday on a unsatisfactory opinion from the company, that includes a devise to tighten 100 stores.

Shares of Dunkin’ have been down $5.04, or 10.3%, to $43.97 following a display to investors where the association pronounced it expects to consequence in between $1.87 and $1.91 a share in mercantile 2015. Investors were seeking for a $1.92 a share profit, according to S&P Capital IQ.

The association additionally pronounced it skeleton to tighten 100 Dunkin’ Donuts stores in the U.S. this year and subsequent as preference store sequence Speedway beam behind authorization arrangements. This usually affects 0.1% of Dunkin’ U.S. sales, but it does exhibit a set upon opposite the chain’s enlargement plans.

Follow Matt Krantz on Twitter @mattkrantz

Categories: Financial, General Tags: , , ,

Nathan’s Famous shares pop on buyback plan

September 14th, 2015 No comments
Nathan's Famous skeleton to buy behind shares. (Photo by Bobby Bank/WireImage)

Nathan’s Famous skeleton to buy behind shares.
(Photo by Bobby Bank/WireImage)

Shares of Nathan’s Famous (NATH) rose 12% Monday after the prohibited dog seller pronounced it’s spending up to $18 million to buy behind the stock.

The grill sequence operator plans to buy behind up to 500,000 shares in a Dutch auction at a per-share cost of “not reduction than $33 and not larger than $36,” the Westbury, N.Y.-based association pronounced Friday.

Shares rose $3.94 to $37.38 Monday afternoon.

In a Dutch auction, shareholders can offer their batch at a price within the company’s announced range. Nathan will afterwards buy shares behind at the lowest cost probable to encounter the plan.

Follow Roger Yu on Twitter: @RogerYu_.

Categories: Financial, General Tags: , , ,

Zumiez stock falls

September 11th, 2015 No comments
Zumiez logo

Zumiez logo

Zumiez (ZUMZ), the active-sports lifestyle products retailer, forsaken $5.90, or 27%, to $15.76 Friday after arising a unsatisfactory distinction outlook.

The association met gain targets for the second quarter. It reported an practiced distinction of twelve cents a share, only as approaching by analysts. Revenue came in a tad light at $179.8 million, blank views by 0.2%.

But investors were endangered the association told investors it would put up income of only $202 million to $206 million in the stream quarter. Analysts were seeking for income of $224.87 million.

Follow Matt Krantz on Twitter @mattkrantz

Categories: Financial, General Tags: , , ,

Barracuda burns (almost) to the wick

July 10th, 2015 No comments

heart-ann-nancy-01

You gonna burn, burn, burn, burn, bake to the wick

Ooooo, Barracuda…..

Heart, 1977

Ouch, Barracuda, some-more similar to it.

Shares of  Barracuda Networks (CUDA) have been down 20% Friday after the cloud-based data confidence and storage solutions association reported mercantile first-quarter formula after the tighten Thursday.

A discerning demeanour at the numbers:

–Earnings of 9 cents a share. No complaint there. Analysts approaching 8 cents. says earnings-tracker Thomson Reuters I/B/E/S.

–Revenue of $78 million. No complaint there either, since it was $1 million on top of estimates.

The problem, it seems, was Barracuda’s projection for the stream quarter. The association pronounced it will have practiced gain of 3 to 4 cents and income of $66 million to $67 million.

Analysts had been awaiting 9 cents in gain and income of $80 million, Thomson says.

And which is why investors harpooned Barracuda stock.

Follow @davidgcraig on Twitter.

 

 

Categories: Financial, General Tags: , , ,

Airline stocks tank on DOJ investigation report

July 1st, 2015 No comments

Airline bonds have been tanking Wednesday afternoon after a inform flush which the Department of Justice has started a examine of the income government practices.

The Department of Justice pronounced it is questioning “possible wrong coordination” between a little airlines. The Associated Press, citing inner documents, says the collusion between vital airlines concerned singular accessible seats to keep airfares high.

Shares of American Airlines (AAL) fell 2.8% to $38.80. Delta Air Lines (DAL) fell 2% to $40.27.

United Continental Holdings (UAL) fell 2.5% to $51.69. Southwest Airlines (LUV) fell 1.4% to $32.62. JetBlue Airways (JBLU) fell 3.4% to $20.06.

The DOJ’s polite antitrust review is focusing the investigation on either airlines “illegally signaled to any alternative how fast they would supplement brand new flights, routes and additional seats,” the AP inform said.

The DOJ has already demanded copies of all communications between the airlines, analysts and shareholders.

In new years, U.S. airlines have cut behind on their capacity, heading to fewer seats and aloft airfares.

“We have been assured which the Justice Department will find what we know to be true,” attention traffic group Airlines for America pronounced in a statement. “Our members contest energetically each day, and the roving open has been the beneficiary, as the DOT’s own interpretation shows which made at home fares have been down in 2015.”

“It is business who confirm pricing, choosing by casting votes each day with their wallets on what they worth and have been peaceful to compensate for. Because there so most options between air carriers, with low price carriers being between the fastest-growing segment, some-more people can means air travel, as 222 million people have been projected to fly this summer, together with a jot down series of general travelers and the top series of people drifting domestically given the recession,” it said.

Airlines have been being investigated by the DOJ for collusion. (Photo by Justin Sullivan/Getty Images)

Airlines have been being investigated by the DOJ for collusion. (Photo by Justin Sullivan/Getty Images)

Categories: Financial, General Tags: , , ,

14 big stocks that should split next

June 10th, 2015 No comments
USA TODAY

USA TODAY

Investors love their batch splits. Hopes have been tall which video-streamer Netflix (NFLX) will soon have known a split – and have them cool again.

Companies have shied divided from you do batch splits for so prolonged – there’s a prolonged list of bonds which would be developed for one, together with biotech Regeneron Pharmaceuticals (REGN), paint association Sherwin-Williams (SHW) and Amazon.com (AMZN). Each of these bonds traffic on top of nosebleed levels of $200 a share or some-more – but have been additionally up 25% or some-more over the past year display movement is operative in their favor, according to a USA TODAY research of interpretation from S&P Capital IQ.

Stock splits have been maneuvers where a association increases the series of shares superb – as a approach to reduce the per-share batch price. Companies mostly control splits to have the shares crop up some-more savoury to particular investors who competence recoil at a $200 or aloft per-share price.

Here have been the S&P 500 bonds which should severely cruise a separate (notice Netflix is on there):

S&P 500 STOCKS TRADING FOR $200 A SHARE OR MORE THAT ARE UP 25% OR MORE OVER THE PAST YEAR

Company Symbol 6/10/2015 price 1-year % ch.
Humana HUM $212.40 67.9%
Regeneron Pharm. REGN $508.15 64.2%
Netflix NFLX $682.61 59.4%
O’Reilly Auto ORLY $225.58 48.6%
Actavis ACT $300.12 44.7%
Sherwin-Williams SHW $280.86 37.4%
Intuitive Surgical ISRG $505.43 33.9%
CF Industries CF $319.64 31.6%
Amazon.com AMZN $431.64 29.9%
Equinix EQIX $261.50 29.5%
Goldman Sachs GS $213.15 28.1%
AutoZone AZO $679.79 27.7%
McKesson MCK $235.58 26.9%
Intercontinental Exchange ICE $239.05 25.7%

Sources: S&P Capital IQ, USA TODAY

The mercantile outcome on investors from splits is a net 0 – given the dollar worth of the shares have been cut by the same suit which shares superb have been increased. Your on all sides in 100 shares of a batch trade for $200 a share is just the same worth as a on all sides in 200 shares trade for $100 a share.

Mathematically, splits might be a wash. But there appears to be a mental reason investors similar to them so much. Shares of the 7 companies in the Standard & Poor’s 500 which have separate their shares over the past year have been up an normal of 7% given their splits. That edges out the 5% benefit by the S&P 500 during the same time periods. And 5 of the 7 bonds which separate kick the S&P 500. Now you can see because investors similar to them so much.

S&P 500 STOCKS THAT HAVE SPLIT SHARES THE PAST twelve MONTHS

Company Symbol % Ch. from separate % S&P ch. % from split
Amphernol APH 16.3% 9.2%
Celgene CELG 29.7% 7.5%
Discovery Comm. DISCA -19.7% 9.7%
Hanesbrands HBI 2.1% -0.1%
Starbucks SBUX 10.6% 1.2%
Torchmark TMK 5.9% 6.7%
Visa V 3.9% 0.8%

Sources: S&P Capital IQ, USA TODAY

But whilst investors love batch splits – and the bonds lend towards to outperform – companies have been shying divided from them given the late 2000s. Splits fell out of preference during the duration as there was instead a arrange of status carrying a tall share price, says Jon Johnson of StockSplits.net. The anti-split epoch reached a rise as Apple (AAPL) and Google (GOOGL) raced to have the top per-share prices.

Chart source: S&P Capital IQ around Microsoft Excel

Chart source: S&P Capital IQ around Microsoft Excel

But given afterwards – both companies have separate their shares. Johnson expects Netflix to be next. Once which happens, design some-more companies to follow. “Now which the ice has been broken, some-more companies will split,” he says.

Categories: Financial, General Tags: , , ,

Frontier Comm stock jumps after analyst upgrade

June 3rd, 2015 No comments

Shares of Frontier Communications rose 5% Wednesday after the telecom association pronounced it was arising some-more shares to buy Verizon’s wireline resources and the batch was upgraded by an researcher who sees enlargement stemming from the deal.

In upgrading Frontier to “buy” from “neutral,” James Moorman of DA Davidson expected that the previously announced deal to buy Verizon’s wireline resources will raise Frontier’s “proforma revenue” to about $11.7 billion subsequent year.

In the initial quarter, Frontier’s income rose 19% year-over-year to $1.37 billion.

images

The batch (FTR) was up 26 cents as of Wednesday afternoon to $5.42.

On Tuesday, Frontier suggested the sum of its financing skeleton for buying Verizon’s resources — an offering of $750 million in equity and $1.75 billion in automobile elite stock.

Frontier voiced the enlargement devise in February, that calls for profitable $10.54 billion to Verizon for its wireline resources in California, Texas and Florida. They embody 3.7 million phone customers, 1.2 million FiOS TV customers and 2.2 million Internet accounts.

“We design one after another alleviation via the year and still see the (Verizon) deal as favorable,” Moorman wrote.

Categories: Financial, General Tags: , , ,

HomeAway shares jump on Kayak deal

June 1st, 2015 No comments
HomeAway listings will be on Kayak.

HomeAway listings will be on Kayak.

HomeAway said Monday it has agreed to list the eighth month let listings on travel poke engine Kayak, a deal that will enlarge its exposure to millions of brand brand brand new customers.

By the finish of the year, about 200,000 HomeAway rentals will be listed on Kayak, a section of The Priceline Group and one of the many renouned transport poke sites.

Shares of HomeAway, that operates the transport industry’s largest network of eighth month let sites, rose 8.2% Monday to $30.36.

“This partnership creates it even simpler for the users to poke both hotels and eighth month rentals at once,” pronounced Kayak CEO Steve Hafner in a statement. “The further of these brand brand brand new listings equates to scarcely one million camp options will be searchable around Kayak.”

Kayak in all boundary its functions to referrals and listings, and reroutes consumers without delay to the suppliers’ sites for booking. With the easy-to-use pattern and extensive listings, Kayak has won fans over the years and has become one of the initial sites researched by eighth month planners.

Kayak has specialized in hotels, flights, car rentals and outing packages. But eighth month rentals, one of the fastest growing transport segments, have been largely absent for U.S. customers.

Christopher Merwin, an researcher at Barclays, wrote in an financier note Monday: “It shows Priceline has an augmenting turn of seductiveness in the eighth month let category. Priceline has already launched a standalone eighth month let site in Villas.com…that is especially focused on the skill physical education instructor register in the European market. HomeAway brings a some-more different set of listings to the table.”

HomeAway has grown in brand new years by multiform key acquisitions, together with a 2006 partnership with opposition VRBO.com. Based in Austin, HomeAway and the other vacation let sites — together with VacationRentals.com,  Abritel.fr, Homelidays.com and Bedandbreakfast.com — have some-more than one million listings worldwide, the company claims.

The eighth month let attention has grown fast in brand new years as travelers have been increasingly peaceful to try brand brand brand new practice over resorts and hotels, and more genuine estate investors, spurred by low seductiveness rates, scout investment properties to rent out.

Vacation home sales grew 13% in 2013, according to the 2014 Investment and Vacation Home Buyers Survey by the National Association of Realtors. The median sales cost of a eighth month home rose 12.5% in 2013 to $168,000.

Categories: Financial, General Tags: , , ,

8 big companies running out of steam fast

May 29th, 2015 No comments
Thinkstock, Getty

Thinkstock, Getty

Corporate income expansion is cooling off. Some companies, though, have been utterly using out of steam – a actuality which seems to be only descending in with investors.

Eight companies in the Standard & Poor’s 500 index, together with personal product builder Colgate-Palmolive (CL), oppulance products seller Michael Kors (KORS), cleaning supply seller Ecolab (ECL) and mechanism chipmaker Micron Technology (MU) posted reduce income expansion in any of the past 5 true quarters, according to a USA TODAY research of interpretation from S&P Capital IQ. Potentially some-more discouraging – analysts have been awaiting any of these companies to post reduce income expansion again in the stream entertain than in the initial quarter. Revenue expansion measures one quarter’s income with which of a year ago.

Investors have been duly warned companies have been approaching to post reduce income during the quarter. Revenue is approaching to tumble by 2.4% during the second quarter, says S&P Capital IQ, entrance off a 1.7% decrease in income in the initial quarter.

Yet, investors have been right away reacting to a little situations where income expansion is dropping off. A law equal-weighted index of the bonds with descending income expansion is right away down 2% this year – trailing the 3% benefit of the S&P 500.

Chart source: S&P Capital IQ

Chart source: S&P Capital IQ

It appears investors don’t think descending income expansion is a complaint until it smacks them in the face. Shares of Michael Kors have been down 39% this year – mostly as investors came to the fulfilment this week the company’s income expansion is evaporating fast. Revenue expansion has depressed any of the past 5 buliding until dropping to 17.8% in the initial quarter. Analysts design the company’s expansion to dump to 3% in the stream quarter. That’s a conspicuous deceleration – going from 59% income expansion in the fourth entertain of 2013 to only the low singular digits in the second entertain of 2015.

Revenue expansion at Michael Kors (Chart source: S&P Capital IQ)

Revenue expansion at Michael Kors (Chart source: S&P Capital IQ)

Falling income expansion is additionally branch in to a big complaint for Micron Technology. The batch is down 19.2% this year as investors have seen the company’s income expansion pulp from 120% in the fourth entertain of 2013 to only 1.4% in the initial entertain of 2015. Analysts have been job for the company’s income to essentially tumble scarcely 1% in the stream quarter.

Micron's income expansion (Chart source: S&P Capital IQ)

Micron’s income expansion (Chart source: S&P Capital IQ)

Despite a little of these expansion abhorrence stories, investors aren’t panicking in each incident where companies have been losing steam. Shares of cleaning supply association Ecolab have been up 9.8% this year – even yet the company’s income engaged 1.2% in the initial entertain and approaching to tumble again by 2.8% in the second.

Ecolab income % expansion (Chart source: S&P Capital IQ)

Ecolab income % expansion (Chart source: S&P Capital IQ)

Investors know they can’t design the high-octane expansion of a years ago – and crop up to be receiving a little of the slowdowns in stride. But slowdowns at companies similar to these offer up a big sign of how quick expansion is unequivocally dropping off.

We’ll see if investors have been ready when the list gets longer.

S&P 500 THAT POSTED LOWER PROFIT GROWTH THE PAST FIVE QUARTERS – AND EXPECTED TO FALL AGAIN IN THE CURRENT QUARTER

Company Symbol Rev. expansion Q1 2015 Rev. expansion Q2 2015 * YTD % Ch.
Colgate-Palmolive CL -5.9% -6.4% -2.7%
Ecolab ECL -1.2% -2.8% 9.8%%
Micron Tech. MU 1.4% -0.9% -19.2%
Cintas CTAS -0.2% -0.8% 10%
Cablevision CVC 2.5% 1.3% 22.5%
Michael Kors KORS 17.8% 3.0% -39%
Affliated Managers AMG 7.1% 3.9% 6%
Realty Income O 11.4% 7.8% -3.5%

Sources: S&P Capital IQ, USA TODAY
* estimate

Categories: Financial, General Tags: , , ,

Biotech: one stock implosion and one explosion

May 27th, 2015 No comments
AP

AP

If there’s one zone where a singular square of headlines can have an out-sized outcome on a stock, it’s biotech.

Wednesday, the dual ways that can spin out were viewable in dual little biotech stocks.

Scientific studies show many people people will opt for bad headlines when asked if they wish to listen to that or the great headlines first.

So formed on that, initial the e.g. of what can occur when a biotech association reports something that the batch marketplace doesn’t wish to hear.

Shares of GlobeImmune (GBIM) on Wednesday imploded 50% when the biopharmaceutical association pronounced a Hepatitis B drug it is building failed Phase 2 clinical trials.

On the alternative finish of the shareholder-experience spectrum was Ceres (CERE), that sent the shares bursting some-more than 100% aloft with headlines the rural biotech association had been awarded a obvious for a genetic method for make use of in building soybean products.

Ceres showed the intensity rewards in biotech bonds can transcend the risks. But that’s no satisfaction for GlobeImmune shareholders.

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Categories: Financial, General Tags: , , ,