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June 27, 2014
09:10 EDTAZZ, AMED, ANAD, PRGS, MTW, TLYS, GLUU, AWRE, IG, DD, FINL, GMCR, NKEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Nike (NKE), up 3%... Finish Line (FINL), up 2%... AZZ Inc. (AZZ), up 6%... Progress Software (PRGS), up 10.8%. ALSO HIGHER: Manitowoc (MTW), up 9.5% after Relational Investors took an 8.52% stake in the company and urged for a spin-off of its food business... Aware (AWRE), up 16% after announcing a $1.75 per share special cash dividend... Amedisys (AMED), up 8.5% after giving Q2 guidance... Tilly's (TLYS), up 2.6% after CEO Griesemer buys 25K shares... Glu Mobile (GLUU), up 2% after upgraded at Benchmark Co... Keurig Green Mountain (GMCR), up 1.6% following upgrade to Buy from Hold at Argus. LOWER: Du Pont (DD), down 2.7% after lowering its 2014 EPS outlook... ANADIGICS (ANAD), down 13.5% after giving weaker than expected Q2 guidance and announcing a workforce reduction... IGI Laboratories (IG), down 3% after 4.65M share Secondary priced at $5.00.
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November 18, 2015
16:09 EDTGMCRKeurig Green Mountain sees FY16 CapEx $225M-$275M
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16:08 EDTGMCRKeurig Green Mountain raises annual dividend 13% to $1.30 per share
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16:07 EDTGMCRKeurig Green Mountain spikes 16% following Q4 results, FY16 guidance
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16:07 EDTGMCRKeurig Green Mountain sees FY16 free cash flow $420M-$500M
16:06 EDTGMCRKeurig Green Mountain sees FY16 adjusted EPS $3.25-$3.45, consensus $3.47
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16:05 EDTGMCRKeurig Green Mountain reports Q4 adjusted EPS 85c, consensus 71c
Reports Q4 revenue $1.04B, consensus $1.03B.
14:44 EDTGMCRKeurig Green Mountain technical comments ahead of earnings
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14:38 EDTGMCRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Salesforce (CRM), consensus 19c... L Brands (LB), consensus 52c... (CTRP), consensus 9c... NetApp (NTAP), consensus 57c... Keurig Green Mountain (GMCR), consensus 71c.
14:20 EDTGMCRKeurig Green Mountain November 40 straddle priced for 16.5% movement into Q4
12:41 EDTGMCREarnings Watch: Keurig CEO still confident of long-term goals ahead of Q4 report
Keurig Green Mountain (GMCR) is scheduled to report fourth quarter results after the market close on Wednesday, November 18 with a conference call scheduled for 5:00 pm ET. Keurig Green Mountain, formerly Green Mountain Coffee Roasters, is engaged in the specialty coffee and coffee maker businesses and owns the "Keurig" brand of single-serve coffee makers and products. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $1.03B, according to First Call. The consensus range for EPS is 68c-74c on revenue of $1.07B-$1.2B. LAST QUARTER: On August 5, Keurig Green Mountain reported third quarter adjusted EPS of 80c, beating analysts' estimates of 79c, on revenue of $969.6M, missing consensus estimates of $1.04B. The company forecast Q3 adjusted EPS of 70c-75c on a sales decline of low teens compared to the fourth quarter of fiscal 2014. The company forecast FY15 adjusted EPS to decline in mid-single digits and net sales growth to be flat to up low-single digits compared to FY14. NEWS: In conjunction with its last earnings release, Keurig Green Mountain announced a $1B share repurchase authorization and said that based upon its preliminary estimates for fiscal 2016, the company expects its hot business to deliver modest adjusted EPS growth over fiscal 2015 inclusive of the expected productivity savings. The company also announced plans to reduce its workforce by 5% over the next few years, which is expected to generate about $300M in savings over the next three years with approximately $100M of savings in FY16. Brian Kelley, the company's chief executive officer, said that the company can still reach its long-term EPS goals and noted that the company experts a stronger FY15 holiday season than FY14. Kelley said that the company's new countertop device, the Kold machine, will drive long-term growth following recent sales declines in its core business, Reuters reported in September. Dow Jones said on October 21 that David Einhorn's Greenlight Capital shorted Keurig Green Mountain again. STREET RESEARCH: Canaccord lowered its price target on Keurig Green Mountain to $59 from $65 in a November note to clients and said they can't recommend buying the shares until the K-cup risk stabilizes, which could be helped by a strong holiday brewer sales season. On November 11, shares were downgraded to Negative from Mixed at OTR Global. PRICE ACTION: Over the last three months, Keurig Green Mountain shares are down over 19%. Year-to-date, shares are down roughly 69%. In afternoon trading ahead of the company's earnings, shares are up fractionally to $40.43.
10:29 EDTNKEOptions with increasing implied volatility
Options with increasing implied volatility: TERP CSC SGMS RH BBRY ULTA SNDK ORCL NKE VNET
08:47 EDTGMCRKeurig Green Mountain expanding KOLD beverage lineup with cocktail mixers
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06:01 EDTDDMonsanto studying possibility for consolidation in agrochem sector, Reuters says
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05:11 EDTGMCRStocks with implied volatility movement; GMCR CHK
Stocks with implied volatility movement; Keurig Green Mountain (GMCR) 94, Chesapeake (CHK) 99 according to iVolatility.
November 17, 2015
10:01 EDTFINL, NKEUnder Armour, Nike slide after Dick's outlook misses expectations
Shares of Under Armour (UA) and Nike (NKE) slipped after Dick's Sporting Goods (DKS) provided guidance for the fourth quarter and fiscal 2015 that both missed consensus estimates. WHAT'S NEW: Dick's Sporting Goods reported Q3 adjusted earnings per share of 45c on revenue of $1.64B, mostly in-line with analyst estimates of 47c on revenues of $1.64B. The company guided for Q4 EPS of $1.10-$1.25, short of the consensus estimate of $1.43. Dick's also said it anticipates FY15 adjusted EPS of $2.85-$3.00, lower than current analyst expectations of $3.19. STREET RESEARCH: Following the report, Baird analyst Justin Kleber said that Dick's Sporting Goods is the "strongest player" in its segment, which should enable the company to grow its sector-leading 10% market share at the expense of smaller competitors. The analyst added that profitability for the company should improve as volumes increase and as the company leverages its store base to fulfill further orders. Kleber said that Dick's Sporting Goods' e-commerce business will be more profitable than its brick-and-mortar business by 2017. The analyst maintained a Neutral rating and $48 price target on Dick's Sporting Goods' stock. PRICE ACTION: In morning trading, Dick's Sporting Goods dropped 17.5% to $33.67, while supplier Under Armour fell 5.6% to $84.95 and Nike was down 2% to $121.08. Dick's peers fell as well, with Finish Line (FINL) dropping 1%, Foot Locker (FL) slid 1.3% and Cabela's (CAB) dipping marginally in morning trading.
08:29 EDTDDDuPont price target raised to $76 from $63 at Citi
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07:58 EDTGMCRKeurig Green Mountain volatility elevated into Q4 and outlook
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November 16, 2015
17:16 EDTAMEDNorth Tide Capital reports 8.1% passive stake in Amedisys
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10:28 EDTPRGSProgress Software management to meet with JMP Securities
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05:09 EDTNKEStocks with implied volatility movement; TJX NKE
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