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Stock Market & Financial Investment News

News Breaks
July 23, 2014
13:51 EDTMOS, POTEarnings Preview: Potash sees Q2 earnings per share 40c-45c
Potash Corporation of Saskatchewan (POT) is scheduled to report second quarter earnings before the market open on Thursday, July 24, with a conference call scheduled for 1:00 pm ET. Potash is an integrated fertilizer and feed products company. EXPECTATIONS: Analysts are looking for earnings per share of 46c on revenue of $1.68B, according to First Call. The consensus range for EPS is 42c-50c on revenue of $1.56B-$1.79B. LAST QUARTER: Potash reported first quarter EPS of 40c against estimates for 35c, on revenue of $1.68B against estimates for $1.49B. On its Q1 earnings report, the company forecast Q2 EPS of 40c-45c, compared to consensus of 49c. FY14 EPS was seen at $1.50-$1.80, compared to consensus of $1.65. Potash said, "Given a slightly improved potash pricing and demand outlook, we have increased our annual estimate for potash gross margin to $1.1-$1.3 billion and sales volumes to 8.3-8.7 million tonnes. Our estimates include the benefit of our Canpotex allocation run at Allan, which is nearing completion. With results to this point surpassing our initial expectations, we anticipate our Canpotex entitlement will exceed 53 percent for the second half of 2014...In nitrogen, recent pricing strength has improved the near-term outlook. We anticipate typical seasonal trends will result in slightly weaker margins through the second half of 2014, although our higher sales volumes expectations should partially offset this impact. For the full year, we anticipate total gross margin will remain historically high but trail 2013's total. In phosphate, we expect prices for all products to be below those of 2013." STREET RESEARCH: Street research has been cautious in the weeks leading up to Potash’s Q2 earnings report. On July 9, JP Morgan downgraded Potash to Neutral from Overweight citing valuation with shares near the firm's unchanged price target of $38. JPMorgan preferred Mosaic (MOS) at current valuation levels. The firm believed falling crop prices in anticipation of high domestic corn and soybean supplies could weigh on Potash shares. On May 21, Raymond James downgraded Potash to Market Perform from Outperform due to valuation. PRICE ACTION: Potash shares have made modest gains since the company's Q1 report, but are down over 5% over the past twelve months. In afternoon trading ahead of tomorrow's Q2 report, Potash’s shares are up 0.5%.
News For POT;MOS From The Last 14 Days
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May 21, 2015
07:14 EDTPOT, MOSBMO Capital to hold a conference
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May 19, 2015
09:58 EDTPOTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:42 EDTPOTPotash upgraded to Market Perform from Underperform at Cowen
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07:13 EDTMOSBarclays to hold a conference
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May 14, 2015
16:14 EDTMOSMosaic up 1% after announcing new $1.5B buyback plan, dividend increase
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16:12 EDTMOSMosaic announces new $1.5B share buyback plan, raises dividend to 27.5c
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16:11 EDTMOSMosaic increases dividend to 27.5c from 25c
16:11 EDTMOSMosaic announces New $1.5B share repurchase authorization
May 13, 2015
17:27 EDTMOSMosaic announces Joc O'Rourke to succeed Jim Prokopanko as CEO
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