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News Breaks
February 15, 2013
10:12 EDTHNZ, NTGR, KGC, VAL, PDS, GNRC, NGLS, XL, ATML, PSUN, SGNT, QLIK, EAT, KFY, SAAS, QEPOn the Fly: Analyst Upgrade Summary
Today’s noteworthy upgrades include: Heinz (HNZ) upgraded to Neutral from Sell at Goldman... inContact (SAAS) upgraded to Buy from Neutral at Roth Capital... Korn/Ferry (KFY) upgraded to Buy from Neutral at SunTrust... Qlik Technologies (QLIK) upgraded to Outperform from Sector Perform at RBC Capital... XL Group (XL) upgraded to Buy from Neutral at Janney Capital... Brinker (EAT) upgraded to Buy from Neutral at Davenport... Sagent Pharmaceuticals (SGNT) upgraded to Overweight from Neutral at Piper Jaffray... Atmel (ATML) upgraded to Buy from Hold at Craig-Hallum... Qlik Technologies (QLIK) upgraded to Positive from Neutral at Susquehanna... Pacific Sunwear (PSUN) upgraded to Buy from Neutral at DA Davidson... Targa Resources Partners (NGLS) upgraded to Buy from Hold at Stifel Nicolaus... Generac (GNRC) upgraded to Buy from Hold at Stifel Nicolaus... Precision Drilling (PDS) upgraded to Outperform from Market Perform at Raymond James... Valspar (VAL) upgraded to Overweight from Equal Weight at First Analysis... Kinross Gold (KGC) upgraded to Outperform from Neutral at Credit Suisse... QEP Resources (QEP) upgraded to Neutral from Underperform at Sterne Agee... Netgear (NTGR) upgraded to Buy from Neutral at Sterne Agee
News For HNZ;SAAS;KFY;EAT;QLIK;SGNT;PSUN;ATML;XL;NGLS;GNRC;PDS;VAL;KGC;NTGR;QEP From The Last 14 Days
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April 22, 2014
13:11 EDTEATEarnings Preview: Brinker still sees FY14 EPS $2.65-$2.75
Brinker International (EAT) is scheduled to report third quarter results before the market open on Wednesday, April 23, with a conference call scheduled for 10:00 am ET. Brinker owns, develops, operates and franchises the Chili's Grill & Bar and Maggiano's Little Italy restaurant brands. EXPECTATIONS: Analysts are looking for earnings per share of 83c on revenue of $766.27M, according to First Call. The consensus range for EPS is 80c-86c on revenue of $755.5M-$774.69M. LAST QUARTER: Brinker reported second quarter adjusted EPS of 59c against estimates for 58c on revenue of $704.4M against estimates for $699.23M. Q2 comparable restaurant sales at company-owned restaurants increased 0.8%. During its Q2 earnings call, Brinker said it was "optimistic" about the second half of 2014. The company said it expected the rate of commodity inflation to remain flat through calendar year 2014 and says 75% of commodities are contracted through end of fiscal year 2014. NEWS: At March's Bank of America Merrill Lynch Consumer & Retail Conference, Brinker reaffirmed its FY14 EPS view of $2.65-$2.75 against estimates for $2.73. The company previously reiterated its goal of doubling fiscal year 2010 EPS to $2.75-$2.80 by fiscal year 2015. At the Raymond James Institutional Investors Conference, Brinker said it was on pace to achieve its long-term goal of improving operating income margin by 400 basis points by FY14. The company still sees 3%-5% revenue growth on an annual basis and expects its cash flow will "go north" to $250M by fiscal year 2016. Brinker is looking to have over $4 in EPS by fiscal year 2017. The company recently announced that Guy Constant, executive VP, Chief Financial Officer and president of Global Business Development resigned and said Marie Perry, senior VP, treasurer and controller, will serve as interim CFO until a permanent successor is named. STREET RESEARCH: During the quarter, shares were downgraded to Hold from Buy at Miller Tabak. After meeting with the company's management, Sterne Agee said it expects Chili's to outperform industry same-store sales gains. The firm expects the company to carry out significant share repurchases and raise its dividend over the longer term. PRICE ACTION: Over the last three months, Brinker shares are up over 2%. Year-to-date, shares are up over 9.5%.
10:00 EDTSGNTOn The Fly: Analyst Initiation Summary
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10:00 EDTQEPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CommonWealth REIT (CWH) downgraded to Sell from Hold at Stifel... Del Frisco's (DFRG) downgraded to Market Perform from Outperform at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at UBS... Diageo (DEO) downgraded to Market Perform from Outperform at Raymond James... Eni SpA (E) downgraded to Neutral from Buy at UBS... Fidelity & Guaranty Life (FGL) downgraded to Neutral from Outperform at Credit Suisse... Frontier Communications (FTR) downgraded to Hold from Buy at Gabelli... QEP Resources (QEP) downgraded to Equalweight from Overweight at Barclays... Rogers Communications (RCI) downgraded to Sell from Hold at Canaccord... Rush Enterprises (RUSHA) downgraded to Underperform from Buy at BofA/Merrill... TSMC (TSM) downgraded to Neutral from Overweight at HSBC... Valero (VLO) downgraded to Neutral from Buy at BofA/Merrill... Wisconsin Energy (WEC) downgraded to Fair Value from Buy at CRT Capital... Zillow (Z) downgraded to Fair Value from Buy at CRT Capital... Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Evercore.
07:44 EDTSGNTSagent Pharmaceuticals initiated with a Hold at Jefferies
Target $23.
07:01 EDTVALG&K Services names Tracy Jokinen as CFO, effective June 29
G&K Services (GK) announced it has selected Tracy C. Jokinen as the company’s next CFO effective June 29. Jokinen will succeed Jeffrey L. Wright, who announced his planned retirement last October. Most recently, she served as Valspar’s (VAL) Vice President, Corporate Finance, where she led the company’s tax, treasury, investor relations, internal audit, operations finance, and corporate accounting functions.
06:45 EDTQEPQEP Resources downgraded to Equalweight from Overweight at Barclays
April 21, 2014
15:16 EDTSGNTSagent Pharmaceuticals management to meet with Piper Jaffray
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08:16 EDTSGNTSagent Pharmaceuticals reintroduces Adenosine Injection, USP
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April 17, 2014
09:59 EDTNGLSOn The Fly: Analyst Downgrade Summary
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05:37 EDTNGLSTarga Resources Partners downgraded to Hold from Buy at Jefferies
Jefferies downgraded Targa Resources Partners to Hold with a $62 price target citing valuation.
April 16, 2014
10:00 EDTPDSOn The Fly: Analyst Upgrade Summary
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05:24 EDTPDSPrecision Drilling upgraded to Overweight from Underweight at Morgan Stanley
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April 15, 2014
17:52 EDTNGLSTarga Resources Partners boosts dividend 9% to 76.25c per unit
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10:00 EDTQLIKOn The Fly: Analyst Upgrade Summary
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09:35 EDTKGCActive equity options trading on open
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09:02 EDTSAASinContact selected to unify contact center operations of large organization
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05:41 EDTQLIKQlik Technologies upgraded to Buy from Neutral at Mizuho
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