New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 25, 2014
18:48 EDTNBR, CJES, IRM, BCS, CACI, BBBY, MLHROn The Fly: After Hours Movers
HIGHER: Nabors (NBR), up 5.46%, and C&J Energy (CJES), up 20.39%, after announcing C&J Energy will merge with Nabors' completion and production businesses in a transaction valued at $2.86B... Iron Mountain (IRM), up 23.92% after the company's board approved the company's conversion to a REIT. LOWER: Barclays (BCS), down fractionally after NY Attorney General Eric Schneiderman announced a lawsuit against the international bank... CACI International (CACI), down 4.6% after giving EPS and revenue guidance for FY14 and FY15. LOWER AFTER EARNINGS: Bed Bath & Beyond (BBBY), down 7.22% after reporting weaker than expected Q1 results and Q2 guidance... Herman Miller (MLHR), down 6.6% after reporting Q4 results and giving weaker than expected Q1 guidance.
News For NBR;CJES;IRM;BCS;CACI;BBBY;MLHR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
September 23, 2014
07:36 EDTBBBYBed Bath and Beyond weekly volatility elevated into Q2 and outlook
Subscribe for More Information
07:10 EDTBBBYBed Bath & Beyond downgraded to Market Perform at William Blair
Subscribe for More Information
06:18 EDTBCSFCA fines Barclays GBP 37.75M for putting assets at risk
Subscribe for More Information
06:02 EDTBCSBarclays CEO defends bank against dark pool allegations, CNBC reports
Subscribe for More Information
05:46 EDTBBBYBed Bath & Beyond downgraded to Market Perform from Outperform at William Blair
Subscribe for More Information
September 22, 2014
13:39 EDTBCSFCA to fine Barclays GBP 38M over client assets, Sky News reports
Subscribe for More Information
07:31 EDTBBBYBed Bath & Beyond Q2 results likely similar to recent quarters, says UBS
UBS said it expects Bed Bath & Beyond's Q2 results to "look a lot like" its recent quarters, reflecting a modest comp sales increase and ongoing gross margin pressure. The firm maintains its Neutral rating and $62 price target on the stock.
September 19, 2014
11:06 EDTBBBYBed Bath and Beyond weekly volatility elevated into Q2 and outlook
Subscribe for More Information
September 18, 2014
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).
07:52 EDTBCSUBS Chair says litigation bigger worry than stress test, Bloomberg reports
Subscribe for More Information
06:39 EDTBCSEuropean banks take out EUR83B of loans from central bank, NY Times says
European banks agreed to take out EUR83B in low interest loans from the European Central Bank, as part of a program in which all of the funds must be loaned to businesses or individuals, or repaid to the central bank within two years, according to The New York Times. Several analysts had said that they would be disappointed if banks took out less than EUR100B in loans, but a number of analysts said that a second round of the program, due to occur in December after stress tests have been completed, may be more popular, the newspaper stated. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
September 17, 2014
18:29 EDTMLHROn The Fly: After Hours Movers
Subscribe for More Information
16:04 EDTMLHRHerman Miller sees Q2 adjusted EPS 50c-54c, consensus 49c
Subscribe for More Information
16:03 EDTMLHRHerman Miller reports Q1 adjusted EPS 47c, consensus 47c
Reports Q1 revenue $509.7M, consensus $505.27M.
15:18 EDTMLHRNotable companies reporting after market close
Subscribe for More Information
10:00 EDTCJES, NBROn The Fly: Analyst Initiation Summary
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.
07:43 EDTBCSBarclays, NY AG spar over fraud allegations, Reuters reports
Subscribe for More Information
07:40 EDTNBRUBS to hold a conference
Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link
07:39 EDTIRMMorningstar to hold a conference
Management Behind the Moat Conference to be held in Chicago on September 17-18.
1 | 2 | 3 | all recent news | >>

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