New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 25, 2014
20:25 EDTACN, ACN, CAG, CAG, MKC, MKC, LEN, LEN, SCS, SCSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Accenture (ACN), consensus $1.21; ConAgra Foods (CAG), consensus 55c; McCormick & Company (MKC), consensus 62c; Lennar (LEN), consensus 51c; and Steelcase (SCS), consensus 16c.
News For ACN;CAG;MKC;LEN;SCS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
March 24, 2015
16:02 EDTSCSSteelcase reports Q4 adj. EPS 21c, consensus 20c
Subscribe for More Information
15:27 EDTSCSNotable companies reporting after market close
Subscribe for More Information
13:44 EDTSCSSteelcase April volatility elevated into Q4 and outlook
Subscribe for More Information
13:39 EDTSCSSteelcase technical comments before earnings
Subscribe for More Information
12:44 EDTMKCOn The Fly: Midday Wrap
Subscribe for More Information
11:40 EDTMKCMcCormick hits 52-week high after Q1 results top expectations
Shares of spices, seasonings and condiments maker McCormick & Company (MKC) are advancing after the company's first quarter results surpassed analysts' consensus estimates. WHAT'S NEW: This morning, McCormick reported Q1 adjusted earnings per share of 70c excluding a 15c impact of special charges on revenue of $1.01B, topping analysts' consensus estimates of 64c and $985.12M, respectively. McCormick's Q1 sales rose 2% from the year-ago period and in constant currency, the increase was 6%. Consumer business sales rose 5% in constant currency in Q1 due to increased volume and product mix driven by product innovation, brand marketing support and expanded distribution. Industrial business sales grew 7% in constant currency, with higher volume and product mix, as well as pricing actions. WHAT’S NOTABLE: Looking ahead, the company forecast fiscal year 2015 adjusted EPS of EPS $3.44-$3.51, below its prior view of $3.51-$3.58 given in January and analysts' estimates for FY15 of $3.53. The company continues to expect 4%-6% sales growth in constant currency for FY15. Based on year-to-date results and prevailing exchange rates, currency is now expected to lower this sales growth range by 5 percentage points, which is more than the previous projection of 3 percentage points. In constant currency, adjusted operating income is expected to grow 6%-7% from adjusted operating income of $608M in 2014. McCormick also raised its anticipated special charges for the year to $30M from $20M due to a higher response rate to its voluntary retirement program and additional actions in EMEA. McCormick is also targeting cost reductions of at least $85M in FY15, which are expected to help offset higher material costs. The company sees its Comprehensive Continuous Improvement program delivering at least $65M in 2015, and sees savings from reorganization actions of $20M. Chairman and Chief Executive Officer Alan Wilson commented that Q1 operating income was unfavorably impacted by several factors including special charges, unfavorable currency rates and higher material costs. Wilson said the company anticipates that these headwinds will continue in 2015, but expect the benefit of pricing actions and cost reduction efforts to build in the upcoming quarters. PRICE ACTION: In late morning trading, McCormick rose $2.90 or 3.96% to $76.10 on more than twice its average daily trading volume. The stock hit a fresh 52-week high of $77.79 earlier in the session. Including today's advance, the shares have gained nearly 13% over the past 12 months. OTHERS TO WATCH: Other companies in the food space include TreeHouse Foods (THS), down 0.8%, B&G Foods (BGS), up 1.2%, and Pinnacle Foods (PF), up 0.1%.
10:49 EDTMKCMcCormick hits fresh life high after earnings, levels to watch
The shares are up 4.7%, off the high of the day which has set a new life high for the stock at $77.78. That new high is current resistance. Support for the shares is at $75.99.
09:22 EDTMKCOn The Fly: Pre-market Movers
Subscribe for More Information
06:36 EDTMKCMcCormick sees FY15 adjusted EPS $3.44-$3.51, consensus $3.53
Subscribe for More Information
06:32 EDTMKCMcCormick reports Q1 adjusted EPS 70c, consensus 64c
Subscribe for More Information
March 23, 2015
15:24 EDTMKCNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include McCormick (MKC), consensus 64c... IHS Inc. (IHS), consensus $1.36... HD Supply (HDS), consensus 10c... G-III Apparel (GIII), consensus 83c.
March 20, 2015
08:47 EDTACNAccenture March weekly volatility elevated into Q2 and outlook
Accenture March weekly call option implied volatility is at 34, April is at 22, May is at 19, August is at 17; below its 26-week average of 19 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on March 26.
06:40 EDTMKCMcCormick April volatility elevated into Q1 and outlook
McCormick April call option implied volatility is at 22, June is at 16, September is at 20; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q1 on March 24.
March 19, 2015
11:52 EDTLENLennar says "enthusiastic" about prospects for Rialto
Subscribe for More Information
11:23 EDTLENLennar sees strong top, bottom line growth for 2015
Subscribe for More Information
11:22 EDTLENLennar says still on track to deliver 23,500-24,000 homes for 2015
Still expects apartment unit to be profitable for FY. Says still on track to deliver 23,500-24,000 homes for 2015. Severe weather conditions has delayed some construction activities, will slightly reduce backlog conversion ratio. Still expects gross margins for FY to average 24%, Q4 highest gross margin percent for year. Says increasing goal for financial services for FY due to strong refinance environment, now expects to earn $95M-$100M for FY. Sees FY range of profits for Rialto $30M-$40M for FY, heavily weighted to Q4. Sees FY15 effective tax rate in mid-34% range. Says active community count on track to hit 675 by end of 2015.
11:10 EDTLENLennar says housing market continuing slow, steady recovery
Subscribe for More Information
06:03 EDTLENLennar reports Q1 EPS 50c, consensus 45c
Subscribe for More Information
March 18, 2015
15:20 EDTLENNotable companies reporting before tomorrow's open
Subscribe for More Information
13:13 EDTLENLennar March volatility elevated into Q1 and outlook
Lennar March call option implied volatility is at 84, April is at 33, May is at 28; compared to its 26-week average of 31 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on March 19.
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use