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Stock Market & Financial Investment News

News Breaks
November 13, 2012
12:21 EDTTYCEarnings Preview: Tyco International sees Q4 strongest of the year seasonally
Tyco International (TYC) is expected to report Q4 earnings before the market open on Wednesday, November 14 with a conference call scheduled for 8:00 am ET. Analysts are looking for EPS of 35c on revenue of $2.72B. The consensus range is 24c-46c for EPS, and $2.66B-$2.78B for revenue, according to First Call. Tyco reported mixed Q3 results, beating adjusted EPS but missing revenue estimates. On its Q3 conference call, the company noted that its proposed separation was "on track" for completion at the end of September . Management said Q4 was seasonally the strongest operating quarter of the year, and they expected Q4 operating margin to reach 14%. For Q4, they forecast an additional 6c of EPS on a sequential basis, and 9c year-over-year despite the benefit of a 53rd week last year. On September 18, the company forecast FY13-FY17 recurring revenue growth of 5%-7%, and EBITDA margin of 50%. Recent sentiment on the Street has been mixed, with analysts having contrasting views on the value of the company post-breakup.
News For TYC From The Last 14 Days
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April 27, 2015
08:34 EDTTYCTyco valuation attractive, says Bernstein
After Tyco cut its fiscal 2015 EPS guidance, Bernstein says the company still offers the fastest EPS growth in its sector among the stocks covered by the firm, while its orders should rebound going forward. The firm finds the stock's valuation attractive and keeps a $49 price target and Outperform rating on the shares.
April 24, 2015
09:01 EDTTYCTyco sees 15% decline in revenue from oil and gas vertical in FY15
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06:05 EDTTYCTyco cuts FY15 EPS to $2.23-$2.27 from $2.30-$2.40, consensus $2.33
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06:03 EDTTYCTyco sees Q3 EPS 55c-57c, consensus 65c
06:01 EDTTYCTyco reports Q2 EPS cont ops 55c, consensus 49c
Reports Q2 revenue $2.43B, consensus $2.43B
April 23, 2015
15:01 EDTTYCNotable companies reporting before tomorrow's open
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14:17 EDTTYCTyco volatility flat into Q2 and outlook
Tyco May call option implied volatility is at 22, June is at 18, July is at 17; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on April 24.

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