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August 20, 2014
15:26 EDTHPQ, LB, SNPS, CACI, SMTC, PLKI, CRMTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus 89c; L Brands (LB), consensus 62c; Synopsys (SNPS), consensus 60c; CACI International (CACI), consensus $1.43; Semtech (SMTC), consensus 39c; Popeyes Louisiana Kitchen (PLKI), consensus 39c; America's Car-Mart (CRMT), consensus 60c.
News For HPQ;LB;SNPS;CACI;SMTC;PLKI;CRMT From The Last 14 Days
Check below for free stories on HPQ;LB;SNPS;CACI;SMTC;PLKI;CRMT the last two weeks.
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September 15, 2014
10:22 EDTHPQHP management to meet with Oppenheimer
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07:19 EDTHPQSNIA to hold a conference
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September 12, 2014
17:44 EDTCACIBAE Systems, others collectively awarded $5.04B government contract
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15:29 EDTHPQHP exploring sale of Snapfish photo service, Reuters reports
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15:26 EDTHPQHP exploring sale of Snapfish photo service, Reuters reports
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10:40 EDTLBUlta rallies following better than expected results, increased FY14 outlook
Shares of beauty products retailer Ulta Salon (ULTA) are rising after the company's second quarter results topped analysts' consensus estimates.The company's outlook also exceeded analysts' expectations. WHAT'S NEW: For the second quarter, Ulta Salon reported earnings per share of 94c on revenue of $734.2M, surpassing analysts' consensus estimates of 83c and $713.01M, respectively. Same-store-sales for the quarter increased 9.6%. Ulta expects Q3 EPS to be in the range of 79c-84c, which is in-line with analysts' 83c consensus. The company said performance in the quarter was driven by a significant improvement in traffic, e-commerce growth and successful new brand and product launches. Looking ahead, the company expects third quarter revenue of $724M-$736M, which is higher than analysts' $717.46M consensus. SSS for Q3 are expected to rise 6%-8%. Ulta Salon also increased its fiscal year 2014 EPS growth view to 20% from a mid-teens percentage range and increased its FY14 sales growth view to 20% from a mid-teens percentage range. Analysts' are expecting FY14 EPS of $3.69 and revenue of $3.15B. Ulta Salon also increased its FY14 SSS growth view to approximately 7%-8% from 4%-6%. FY14 capital expenditures are forecast at $265M and the company plans to open 100 new stores, generating free cash flow in excess of $100M. Ulta also announced plans to institute a new $300M share repurchase plan to replace its existing program. WHAT'S NOTABLE: In addition to its earnings report and share repurchase announcement, the company announced five-year financial goals. Ulta anticipates delivering EPS growth in the low 20% range, excluding supply chain investments, which are expected to reduce 2015 and 2016 earnings growth rates. The estimated impact on the percentage growth rate is in the mid-single digit range. Ulta is aiming to deliver annual comparable sales growth 5%-7%, open approximately 100 stores per year and grow e-commerce to represent 10% of sales. It hopes to maintain stable operating margin in the near term before progressing towards the company’s long-term mid-teens target. The company said it will not provide specific 2015 guidance until March 2015 when it typically provides annual guidance. ANALYST REACTION: Jefferies analyst Randal Konik raised his price target to $110 from $92 and said that he feels the company gave "strong" Q2 earnings results and increased FY14 guidance. He believes that the company is positioned well to deliver on its growth plans. Konik maintains a Hold rating on the stock. Citigroup analyst Oliver Chen increased his price target on Ulta Salon to $130 from $118 and said that he feels "encouraged" by the company's "healthy" Q2 SSS and earlier than expected announcement of its five-year financial goals. He said that he will continue to like Ulta Salon as it maintains strength in a competitive and tough economic environment. He thinks that the company's new product introductions will continue to boost strong traffic. Chen keeps a Buy rating on Ulta. PRICE ACTION: In mid-morning trading, Ulta Salon rose $20.14, or about 20.66%, to $117.42. OTHERS TO WATCH: Other companies in the beauty industry include Sally Beauty Holdings (SBH), Regis Corporation (RGS), and L Brands (LB).
10:00 EDTLBOn The Fly: Analyst Initiation Summary
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06:32 EDTLBL Brands initiated with a Buy at Wunderlich
Target $75.
September 11, 2014
18:30 EDTHPQHP, Russia plead guilty, sentenced for bribing Russian government officials
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16:10 EDTHPQHP acquires open source cloud software maker Eucalyptus
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11:17 EDTHPQEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:30 EDTHPQUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
07:07 EDTHPQEMC to explore selling VMware stake, NY Post reports
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September 10, 2014
10:00 EDTLBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
08:31 EDTHPQRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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07:09 EDTLBL Brands upgraded at Credit Suisse
As previously reported, Credit Suisse upgraded L Brands to Outperform from Neutral. The firm upgraded shares based on potential for a margin recovery and long-term growth opportunities. Price target raised to $73 from $65.
06:19 EDTLBL Brands upgraded to Outperform from Neutral at Credit Suisse
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September 9, 2014
14:04 EDTHPQHP price target raised to $43 from $40 at Argus
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07:17 EDTHPQThe Wireless Association to hold a conference
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September 8, 2014
08:02 EDTCACICACI awarded prime position on $44M contract to support NAVSEA's PEO LCS
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