New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 3, 2014
05:54 EDTCAG, BBBYStocks with implied volatility below IV index mean; CAG BBBY
Stocks with implied volatility below IV index mean; ConAgra (CAG) 15, Bed Bath & Beyond (BBBY) 17.
News For CAG;BBBY From The Last 14 Days
Check below for free stories on CAG;BBBY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 18, 2014
16:27 EDTCAGOn The Fly: Closing Wrap
Subscribe for More Information
12:45 EDTCAGOn The Fly: Midday Wrap
Subscribe for More Information
10:40 EDTBBBYPier 1 Imports falls to 12-month low after weak Q2, lowered outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) hit a 12-month low after the company's second quarter results fell below analysts' consensus estimates and it reduced its fiscal 2015 earnings per share outlook. WHAT'S NEW: Pier 1 Imports reported Q2 EPS of 10c on revenue of $418.6M, missing analysts' consensus estimates of 14c and $426.02M, respectively. Same-store-sales for the quarter were up 4.5%. The retailer lowered its FY15 EPS outlook to 95c-$1.05 from $1.14-$1.22. Analysts' consensus estimates for FY15 EPS prior to the earnings report was $1.13. The company sees FY15 SSS in the mid-to-high single digits and gross profit, as a percentage of sales, are expected to be 40.5%-41.5%. Pier 1 Imports CEO Alex Smith said that he foresees online sales to surpass $400M in 2016. WHAT'S NOTABLE: During the company's conference call, Pier 1 Imports said that it expects to see improving merchandise margins in coming quarters with fewer coupons. The company noted plans to continue returning cash to shareholders in the form of dividends and share buybacks. ANALYST REACTION: This morning, Wells Fargo analyst Matt Neemer downgraded Pier 1 Imports to Market Perform from Outperform. He feels that the stock will be a difficult one to own in the medium term as the retailer moves towards a multi-channel approach. Neemer believes that the company has a difficult journey ahead as it cuts broad-based discounters, and he feels that consumers will take time to get accustomed to the new messaging. He cut his price target range to $15-$16 from $19-$20 for the company. Barclays analyst Alan Rifkin downgraded Pier 1 Imports to Equal Weight from Overweight due to slow revenue growth and heightened promotions. He feels that that the "soft" revenues could continue. He believes that the company's elongated online profitability pipeline and increased promotions are certain to be a burden on the business in ways that the company had not initially thought. Rifkin said that growing the top line will be even harder in the absence of promotions. He reduced his price target for shares to $14 from $18. Argus analyst Christopher Graja downgraded Pier 1 Imports to Hold from Buy due to the company's lower than anticipated Q2 earnings. He feels that in terms of the home furnishings market, companies such as Williams-Sonoma (WSM), Home Depot (HD) and Lowe's (LOW) are more "resilient" for shareholders. Pier 1 Imports was also downgraded to Hold from Buy at BB&T. PRICE ACTION: In morning trading, Pier 1 Imports fell $2.63, or 16.99%, to $12.90. Including today's pull back, the stock is down approximately 45.2% over the past 12 months. OTHERS TO WATCH: Other companies in the home furnishings space include Restoration Hardware (RH), and Bed Bath & Beyond (BBBY).
10:27 EDTCAGOptions with decreasing implied volatility
Subscribe for More Information
10:03 EDTCAGConAgra says to limit share repurchases as company delevers
Subscribe for More Information
08:59 EDTCAGOn The Fly: Pre-market Movers
Subscribe for More Information
07:37 EDTCAGConAgra sees Q2 comparable EPS in line with 2Q14
Comparable EPS for the 2Q15 is expected to be in line with year-ago amounts given the strong comparable EPS performance in 2Q14. Q2 EPS consensus 61c.
07:34 EDTCAGConAgra backs FY15 EPS view of mid-single digit rate growth vs. FY14
Subscribe for More Information
07:33 EDTCAGConAgra reaffirms commitment to maintaining strong dividend
Subscribe for More Information
07:32 EDTCAGConAgra reports Q1 adjusted EPS 39c, consensus 35c
Reports Q1 revenue $3.7B, consensus $3.73B. Gary Rodkin, ConAgra Foods’ CEO, said, “We are pleased with the good start to fiscal 2015, which demonstrates improving fundamentals and better execution. Volume for Consumer Foods is recovering, Lamb Weston’s foodservice channel sales are robust, and cost savings programs across the company are coming in as planned. We remain confident that fiscal 2015 will be a year of stabilization and recovery, and I look forward to updating you on our progress throughout the fiscal year.”
September 17, 2014
15:34 EDTCAGConAgra technical comments ahead of results
Subscribe for More Information
15:18 EDTCAGNotable companies reporting before tomorrow's open
Subscribe for More Information
09:50 EDTBBBYBed Bath & Beyond 2H guidance appears optimistic, says Cleveland Research
Cleveland Research checks indicate Bed Bath & Beyond Q2 sales trends remain flattish to up 1%, similar to Q1. The firm believes 2H guidance is too optimistic, especially for FY comps of +3%. The analyst remains cautious on shares and expect margin pressures to continue. Shares are Neutral rated.
September 12, 2014
11:03 EDTBBBYOptions with increasing implied volatility
Options with increasing implied volatility: ADHD VNET AVNO RAX VALE NLY EWZ BBBY SYY GGP
September 11, 2014
07:34 EDTCAGConAgra September volatility elevated into Q1 and outlook
ConAgra September call option implied volatility is at 27, October and December is at 17; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q1 results before the market open on September 18.
September 9, 2014
15:53 EDTCAGConAgra wins reversal of $180M verdict related to explosion, Reuters reports
A circuit court of appeals court ruled that ConAgra Foods is not liable in an Illinois grain mill explosion and overturned much of the nearly $180M damages awarded by a jury, reported Reuters. Reference Link

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