New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 22, 2012
10:01 EDTSM, QLYS, HRB, RYL, EXR, PSA, UNFI, MATXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Extra Space Storage (EXR) initiated with a Conviction Buy at Goldman... Matson (MATX) initiated with a Hold at BB&T... Public Storage (PSA) initiated with a Neutral at Goldman... Ryland Group (RYL) initiated with an Overweight at Barclays... United Natural Foods (UNFI) initiated with a Neutral at Goldman... Qualys (QLYS) initiated with a Buy at Lazard Capital... SM Energy (SM) initiated with a Buy at Global Hunter... H&R Block (HRB) initiated with a Buy at BTIG.
News For EXR;MATX;PSA;RYL;UNFI;QLYS;SM;HRB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 28, 2015
10:03 EDTUNFIOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:36 EDTUNFIUnited Natural Foods initiated with a Sell at Pivotal Research
Subscribe for More Information
August 26, 2015
07:59 EDTHRBH&R Block price target raised to $38 from $35 at Oppenheimer
Subscribe for More Information
August 25, 2015
13:00 EDTRYLToll Brothers lags market rebound after reporting Q3 results
Shares of luxury home builder Toll Brothers (TOL) are trading lower after reporting third quarter profit and revenue that were lower than last year's Q3 results. WHAT'S NEW: Toll Brothers this morning reported Q3 earnings per share of 36c, well below the 53c the company reported in the year-ago quarter. Revenue for the quarter of $1.03B and deliveries of 1,419 units declined 3% in dollars and 2% in units from the year-ago level, while impairments rose to $18M from $6M in the year-ago quarter. Analysts were expecting Toll Brothers to report Q3 EPS of 49c on revenue of $1.05B. The company said that the average price of homes delivered was $724,000, compared to $732,000 in 3Q14. Looking ahead, Toll Brothers forecast fourth quarter deliveries of 1,645-1,945 units priced between $780,000-$800,000. The company also lowered the top end of its 2015 home deliveries forecast, and now sees deliveries of 5,350-5,650 homes compared to its prior forecast of 5,300-5,900 homes. Separately, The Commerce Department reported new home sales for July were up 5.4% to an annual pace of 507,000, which fell within the range of expectations. WHAT'S NOTABLE: On quarterly earnings conference call, Toll Brothers said it still sees net income and gross margin growth in 2016. The company added that the housing recovery is built on a "very solid foundation." The steady acceleration the industry is experiencing bodes well for the health of housing market due to pent-up demand, increasing household formations and current industry-wide production, the company said. The home builder said that there is "significant room" for growth with increased profitability in fiscal year 2016 and beyond. Toll also said it sees further consolidation in the sector. OTHERS TO WATCH: Other companies in the home building space include Lennar Corporation (LEN) PulteGroup (PHM), Hovnanian Enterprises, (HOV) and Ryland Group (RYL). PRICE ACTION: Shares of Toll Brothers are down 0.5% to $37.87 amid a broader market advance.
August 24, 2015
14:21 EDTQLYSJMP Securities says pullback in Palo Alto a buying opportunity
Subscribe for More Information
August 21, 2015
11:24 EDTHRBIntuit plummets after Q1, FY16 outlooks trail estimates
Shares of tax preparation software provider Intuit (INTU) are sinking after the company's first quarter and fiscal 2016 outlooks significantly trailed analyst's consensus estimates. WHAT'S NEW: After the close on Thursday, Intuit reported fourth quarter adjusted earnings per share of (5c) and revenue of $696M, compared to analysts' consensus estimates of (12c) and $738.98M, respectively. In the U.S., TurboTax Online units increased 11% and total TurboTax units grew 7%, excluding the Free File Alliance, the company said. Additionally, Intuit said it reached 1.075M QuickBooks Online subscribers through the end of Q4 and increased total QuickBooks online subscribers by 57% for the year. Brad Smith, Intuit's president and Chief Executive Officer said the company closed out fiscal year 2015 "on a strong note," adding that the company's small business momentum "continues to build and our QuickBooks Online ecosystem growth is accelerating." Looking ahead, Intuit said it expects Q1 adjusted EPS of (4c)-(3c) and revenue of $660M-$680M, well below analysts' consensus estimates of of 6c and $776.36M, respectively. For FY16, the company expects adjusted EPS of $3.40-$3.45 and revenue of $4.53B-$4.6B, far short of the consensus of $3.82 and $5.04B, respectively. WHAT'S NOTABLE: In its earnings release, Intuit announced its intent to divest Demandforce, QuickBase and Quicken. The divestment will help Intuit "focus on and invest in businesses that strengthen the ecosystem and align with two strategic goals: to be the operating system behind small business success, and to do the nations' taxes in the U.S. and Canada," the company said. As a result of the decision, the company said FY16 adjusted EPS will be reduced by about 10c and revenue will be reduced by approximately $250M, as the company reports these assets as discontinued operations. Separately, Intuit raised its dividend for the first quarter by 20% to 30c per share, payable on October 19. ANALYST REACTION: First Analysis analyst James Macdonald downgraded Intuit this morning to Underweight from Equal Weight. Macdonald said Intuit's small business online ecosystem has "relatively low monetization." PRICE ACTION: In late morning trading, Intuit fell $10.80, or 10.41%, to $92.23 on more than twice its average daily trading volume. Despite today's pull back, the shares have gained approximately 5% over the past year. OTHERS TO WATCH: Other companies in the tax preparation space include Liberty Tax (TAX), up 0.16%, and H & R Block (HRB), down 1.5%.
08:53 EDTUNFIUnited Natural Foods named a Best Idea at Stephens
Stephens named United Natural Foods a Best Idea for the remainder of 2015 following better than expected preliminary Q4 results. The firm is encouraged by accelerated performance into Q1 2016, the contract renewal with a large customer, and potential for increased M&A to supplement growth in key product categories and regions. Stephens rates United Natural Foods an Overweight with a $72 price target on shares.
August 20, 2015
07:14 EDTUNFIUnited Natural Foods guidance should change sentiment, says Canaccord
Subscribe for More Information
August 19, 2015
18:34 EDTUNFIOn The Fly: After Hours Movers
Subscribe for More Information
16:25 EDTUNFIUnited Natural Foods sees FY16 EPS $2.86-$2.98, consensus $3.05
Sees FY16 revenue $8.51B-$8.67B , consensus $8.61B.
16:22 EDTUNFIUnited Natural Foods sees FY15 EPS $2.85-$2.86, consensus $2.86
Subscribe for More Information
16:19 EDTUNFIUnited Natural Foods reports preliminary Q4 EPS GAAP EPS 72c-73c
Consensus for Q4 EPS is 72c. Reports preliminary Q4 revenue $2.06B-$2.065B, consensus $2.05B.
07:38 EDTSMEnerCom to hold a conference
Subscribe for More Information
August 18, 2015
07:29 EDTSMEnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link
August 17, 2015
14:27 EDTQLYSIRS says cyber attack larger than originally thought, AP says
Subscribe for More Information

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