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Stock Market & Financial Investment News

News Breaks
June 25, 2014
10:59 EDTBC, HOGHarley slides, Brunswick advances after ratings changes
Harley-Davidson (HOG) is falling and Brunswick (BC) is advancing after KeyBanc downgraded the shares of the motorcycle maker and upgraded the stock of the boat maker. WHAT'S NEW: There have been indications of "sluggish" motorcycle sales trends so far this year, KeyBanc analyst Brett Andress wrote in a note to investors earlier today. The trends appear to be "essentially flat," the analyst stated. Andress believes that Harley-Davidson performed better than the industry as a whole this quarter, as he estimates that the company's sales rose by low single digit percentage levels. Still, that is below the motorcycle maker's full-year guidance for a 7%-9% increase in shipments, the analyst noted. He downgraded his rating on the shares to Hold from Buy. Conversely, Brunswick should benefit from "modest, sustained momentum" in overall boat sales and a strong rebound in sales of its flagship SeaRay boats, the analyst believes. Andress cited positive registration data and anecdotes from retailers as two reasons for his optimism about the SeaRay line. Sales of the boats could double by 2017 to about $600M, he estimated. However, supply constraints may keep newer versions of the SeaRay line from coming on the market until the second half of 2014 or the first half of next year, so 2014 may be more of a transitional year for Brunswick, Andress warned. However, Brunswick's stock more adequately reflects this dynamic following its recent decline, according to the analyst, who upgraded the shares to Buy from Hold and set a $55 price target on the stock. PRICE ACTION: In mid-morning trading, Harley-Davidson dropped 1.2% to $69.85 and Brunswick gained 2% to $41.64.
News For BC;HOG From The Last 14 Days
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January 30, 2015
10:00 EDTBCOn The Fly: Analyst Downgrade Summary
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09:19 EDTHOGHarley-Davidson shipment guidance looks conservative, says RBC Capital
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08:06 EDTBCBrunswick downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Brunswick to Outperform given valuation and limited operating leverage over the next few quarters given production constraints and investments. Price target raised to $59 from $51.
08:04 EDTHOGMorgan Stanley says Harley-Davidson shares are investable again
Morgan Stanley said Harley-Davidson's 2015 outlook implies EPS around $4.25, which is better than the market had feared. The firm believes shares are investable again and reiterates its Overweight rating. Price target lowered to $71 from $74 due mostly to a strong U.S. dollar.
January 29, 2015
11:14 EDTBCBrunswick sees 1H revenue growth high-single to low double-digit range
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09:10 EDTHOGHarley-Davidson sees FY15 motorcycle shipments 282K-287K
Sees FY15 gross margin up modestly year-over-year. Sees FY15 SG&A up year-over-year and down as a percent of revenue. Sees FY15 operating margin 18%-19%. Sees FY15 HDFS operating income down modestly year-over-year. Sees FY15 CapEx $240M-$260M.
09:00 EDTHOGHarley-Davidson sees Q1 motorcycle shipments 79K-84K
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07:45 EDTBCBrunswick sees 2015 adjusted EPS $2.70-$2.85, consensus $2.88
Sees 2015 free cash flow $150M-$170M. The company said, "We expect our businesses' top-line performance will continue to benefit from several recent product introductions, along with increases in production rates and capacity. Market acceptance of these products has been excellent, and as a result, our plan reflects revenue growth rates in 2015 to be in the range of 6 percent to 8 percent. Although category and regional strengths and weaknesses exist in the marine and fitness markets, the demonstrated resiliency of both marine participation and the overall commercial fitness market, combined with the continued successful execution of our growth strategy, give us the confidence that we can achieve the financial targets outlined in our 2016 plan, absent any additional significant changes in global macroeconomic conditions. Against the backdrop of our revenue targets, our 2015 plan reflects a slight improvement in gross margin levels and solid gains in operating margins."
07:43 EDTBCBrunswick reports Q4 adjusted EPS 33c, consensus 27c
Reports Q4 revenue $938.6M, consensus $927.06M.
07:10 EDTHOGHarley-Davidson reports Q4 EPS 35c, consensus 34c
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07:09 EDTHOGHarley-Davidson expects to ship 282K-287K motorcycles in 2015
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07:09 EDTHOGHarley-Davidson sold 47,149 new Harley-Davidson motorcycles in Q4
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January 28, 2015
15:38 EDTHOGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.
12:52 EDTHOGEarnings Preview: Harley-Davidson sees 270K-275K motorcycles shipping in FY14
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January 23, 2015
07:55 EDTHOGHarley-Davidson weakness creates attractive entry point, says RBC Capital
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