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April 9, 2015
07:34 EDTSTZConstellation Brands sees FY16 comparable EPS $4.70-$4.90, consensus $4.85
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07:32 EDTSTZConstellation Brands reports Q4 EPS $1.03, consensus 94c
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07:19 EDTSTZConstellation declares initial quarterly dividend of 31c on Class A shares
Constellation Brands announced that its board of directors has approved the initiation of a dividend program under which the company intends to pay a regular quarterly cash dividend to stockholders of its common stock. Constellation's board of directors declared an initial quarterly cash dividend of 31c per share of Class A Common Stock and 28c per share of Class B Common Stock, payable on May 22 to stockholders of record as of the close of business on May 8. CFO Bob Ryder, stated, "Both our beer and wine and spirits businesses have strong, consistent, cash generation capabilities and produce solid returns on invested capital. The beer business acquisition and our organic growth focus across our businesses have strengthened our financial profile and created significant capital allocation flexibility and shareholder return opportunities. We are initially targeting a dividend payout ratio of 25% - 30% of our comparable basis net income. Going forward, we will evaluate opportunities to increase our dividend based on the growth of our net income and free cash flow."
April 8, 2015
15:25 EDTSTZNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Walgreens Boots Alliance (WBA), consensus 95c... Constellation Brands (STZ), consensus 94c... Synergy Resources (SYRG), consensus 4c.
15:06 EDTSTZConstellation Brands technical comments before earnings
The stock has been on a rapid rise since the start of the year, trading up 20%. Concerns have begun to emerge about share valuation, but that has not stopped the breakout in price that began in mid-2012 from gaining momentum. With price close to the life high at $120.24, there is little in the way of overhead resistance. A move to the $125 to $130 area would seem quite probable on strong news or outlook, using price channel projection as a guide. This technical move would fit largely with analyst price targets according to Thomson/First Call. The $125 area is the median price target, with the mean at $120.53 and the high at $137. The low target at $82 is something of an outlier, but is still above the 52-week low at $76.26. If the news were a disappointment, given the extension in valuation and the price run-up, there could be a larger than normal correction in price. First support would be at the 50-day moving average at $114.84. If that moving average were broken, next support would be at $109.91 and then at $100.77. In view of the long-term trend, it would take a move down to and below the 50-week moving average at $96.10 to break the long-term uptrend. Each touch of that average has been an initiation point for longs in the last two years.
08:07 EDTAPOLCarnegie Learning mathematics curricula approved by state of Florida
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06:06 EDTSSoftbank downsizing Silicon Valley presence, WSJ reports
SoftBank (SFTBF) has reduced its presence in Silicon Valley, relocating some employees to Japan and subsidiary Sprint's (S) headquarters in Kansas, The Wall Street Journal reports. The move to downsize comes after Sprint's failed bid to acquire T-Mobile US (TMUS) last year. Reference Link
April 7, 2015
15:03 EDTSTXSeagate April volatility elevated
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10:36 EDTAPOLApollo Education calls active on renewed takeover speculation
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10:24 EDTAPOLRumor: Apollo Education active on renewed takeover speculation
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09:35 EDTSTXActive equity options trading on open
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08:06 EDTSTXSeagate says LaCie doubles capacity of Rugged Thunderbolt SSD
LaCie, the premium brand from Seagate Technology, announced that its Rugged Thunderbolt storage solution will be available in a 1 TB SSD capacity. With double the storage, the new LaCie Rugged is just as portable with no size or weight increase compared to the 500 GB offering.
April 6, 2015
16:04 EDTAZZAZZ Inc. reaffirms FY16 EPS $2.75-$3.25, consensus $2.95
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16:04 EDTHAHawaiian Airlines reports March RPMs up 7.9%
Hawaiian Airlines, a subsidiary of Hawaiian Holdings, has announced its system-wide traffic statistics for the month of March. Systemwide, compared to the same month of last year, PAX rose 7% to 887,346, RPMs rose 7.9% to 1,171,257, ASMs rose 4.3% to 1,442,557 and LF grew 2.7 points to 81.2%.
16:03 EDTAZZAZZ Inc. sees FY15 EPS slightly above midpoint of previous guidance $2.40-$2.60
FY15 EPS consensus $2.51. Sees revenue slightly below previous guidance of $825M-$850M, consensus $835.91M.
13:35 EDTSTXSanDisk climbs after being identified as 'excellent' takeover target
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10:01 EDTDISHWeather Channel's core buiness facing 'major' threat, WSJ reports
The Weather Channel, which is owned by a consortium made up of NBCUniversal (CMCSA) and private equity firms Bain Capital and The Blackstone Group (BX), was dropped last month from Verizon's (VZ) FiOS TV service, and now the channel's backers are preparing for the possibility of being dropped by Dish Network (DISH), sources tell The Wall Street Journal. Though The Weather Channel is facing a "major" threat to its core business, the fees it collects from the pay-TV providers, the sources say that no formal sale by the company's owners is under way. Reference Link
06:45 EDTSQualcomm downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrier’s version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsung’s "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.
April 5, 2015
17:06 EDTDISHSling TV introduces Sling International
Sling TV announced that DishWorld, the live streaming multi-language television service, is now “Sling International.” The move officially marries the largest provider of streamed international channels in the U.S. with Sling TV, the recently-launched provider of live, over-the-top, OTT, domestic TV service. Sling International provides global programming from nearly 200 channels in 18 languages to U.S. households, starting at $15 per month. “Sling TV grew from the foundation established by DishWorld, enabling us to test, grow and improve our OTT capabilities through a service that streams tens of millions of hours of content every month,” said Roger Lynch, CEO of Sling TV. “Incorporating DishWorld into the Sling TV portfolio makes it even easier for viewers to get the best of both domestic programming and the shows and sports they love from overseas.” Sling TV is a subsidiary of DISH Network (DISH).
08:43 EDTSTXAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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