Continue reading Is Now a Good Time to Consider Ferrellgas Partners?

Is Now a Good Time to Consider Ferrellgas Partners? originally appeared on BloggingStocks on Tue, 29 Mar 2011 17:00:00 EST. Please see our terms for use of feeds.

Continue reading Ferrellgas Partners LP: Promising Propane Play

Ferrellgas Partners LP: Promising Propane Play originally appeared on BloggingStocks on Fri, 28 Jan 2011 18:00:00 EST. Please see our terms for use of feeds.

The Federal Reserve is scheduled to release its next Beige Book report of economic conditions on Wednesday, offering perhaps the best glimpse yet whether the recession has bottomed in the United States. The Beige Book report in March suggested that, by most measures, the economy was continuing to deteriorate and that prospects for near-term improvement was poor. But the April report showed that the deterioration was beginning to slow in some regions. Also, the TIPP Economic Optimism Index is scheduled to be released Tuesday, and the University of Michigan Consumer Sentiment Index comes out Friday. So by the end of the week, we could have a good gauge of the mood over the U.S. economy.

Continue reading The week in preview: The Beige Book and other mood gauges

The week in preview: The Beige Book and other mood gauges originally appeared on BloggingStocks on Sun, 07 Jun 2009 12:30:00 EST. Please see our terms for use of feeds.

After testifying before a Senate committee about AIG (NYSE: AIG) last week, the Fed's Ben Bernanke participates in a Council of Foreign Relations event Monday evening.

Economic data due to be released this week include wholesale trade and job vacancies for January on Tuesday morning, the U.S. Treasury budget for February on Wednesday, retail sales for February and business inventories for January on Thursday morning, and the U.S. trade balance for January on Friday morning.

Continue reading The week in preview: Bernanke, earnings winners, and Raymond James conference

The week in preview: Bernanke, earnings winners, and Raymond James conference originally appeared on BloggingStocks on Sun, 08 Mar 2009 12:30:00 EST. Please see our terms for use of feeds.

Even as the holiday season ramps up and the calendar quarter begins to wind down, earnings reports continue to dribble in. Among the companies scheduled to release quarterly results this coming week, analysts surveyed by Thomson Reuters are expecting BWAY Holding Co. (NYSE: BWY), Powell Industries Inc. (NASDAQ: POWL), and Esterline Technologies Corp. (NYSE: ESL) to be among the biggest earnings gainers.

Atlanta-based packaging and container producer BWAY is expected to report fiscal fourth-quarter profits that are 65.6% higher than in the same period of last year, or $0.32 per share on revenues of $265.2 million (+4.9%). BWAY topped estimates in the previous two quarters -- by 44.9% in the third quarter. Those results sent shares to a new 52-week high. But shares have fallen 62.7% in the past three months, and they are now trading near a multiyear low of $4.11 per share.

Houston-based energy equipment maker Powell is expected to report fiscal fourth-quarter profits that are 62.7% higher than a year ago, or $0.59 per share. Revenues are forecast to be 14.2% higher, or $171.8 million. Powell beat expectations in the past three quarters -- by 20.2% in the third quarter. The share price has fallen 47.7% in the past three months, and the consensus recommendation is to buy POWL.

Continue reading The week in preview: Early December earnings expectations

The week in preview: Early December earnings expectations originally appeared on BloggingStocks on Sun, 07 Dec 2008 12:30:00 EST. Please see our terms for use of feeds.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Analogic Corp. (NASDAQ: ALOG) beat estimates and announced an acquisition.
• AnnTaylor Stores Corp. (NYSE: ANN) swung to a loss in the fourth quarter on restructuring costs.
• Big Lots Inc. (NYSE: BIG) beat fourth-quarter earinings estimates and offered revised guidance.
• Bon-Ton Stores Inc. (NASDAQ: BONT) posted disappointing fourth-quarter and full-year results.
• Carrols Restaurant Group (NASDAQ: TAST) posted solid results on same-store sales for certain chains.
• Ferrellgas Partners (NYSE: FGP) saw profit fall in what should have been its strongest quarter.
• Foot Locker Inc. (NYSE: FL) fourth-quarter profit fell on weaker same-store sales.
• Humana Inc. (NYSE: HUM) cut its first-quarter and full-year forecasts on higher expenses.
• Imax Corp. (NASDAQ: IMAX) widened its losses for the fourth quarter and the full year.
• Jones Soda Co. (NASDAQ: JSDA) swung to a loss due to costs related to distributing in product in cans.
• K-Tron International Inc. (NASDAQ: KTII) said fourth-quarter and full-year earnings soared.
• Liz Claiborne Inc. (NYSE: LIZ) posted disappointing fourth-quarter and full-year results.
• Six Flags Inc. (NYSE: SIX) narrowed its fourth-quarter and full-year losses.
• Texas Instruments Inc. (NYSE: TXN) lowered its forecast on fewer orders from a key client.
• United Parcel Service (NYSE: UPS) warned it may miss first quarter estimates due to the slowing economy.
• Vail Resorts Inc. (NYSE: MTN) second-quarter profit slipped due to lack of snow early in the season.

Continue reading Earnings highlights: Humana, Texas Instruments, UPS, Liz Clairborne, and others

Earnings highlights: Humana, Texas Instruments, UPS, Liz Clairborne, and others originally appeared on BloggingStocks on Sat, 15 Mar 2008 15:40:00 EST. Please see our terms for use of feeds.

Ferrellgas Partners, L.P. (NYSE: FGP), a huge propane distributor, recently reported Nov-Jan results. Propane is still the heating source of choice for several million households. How is it that Ferrellgas saw a drop in gross profits during its winter quarter? Granted, the drop in gross profit was not huge, and revenues for the winter quarter increased 15% to $764 million.

But results like this should cause utility and energy stock investors to take a closer look at just how a utility company actually makes its money, particularly with the ongoing deregulation of many utilities. Does a utility or energy company make its money on sales of a commodity, or on renting out its distribution network? Or is the utility or energy company more of a finance company that makes (or loses) money based on its pricing of a commodity?

Such seems to be the case with Ferrellgas Partners in its recent quarter. It lost money because it priced future delivery of propane without factoring in a steep rise in the cost of propane. There is no way to predict or control winter temperatures and resulting level of demand, but a company should be able to accurately hedge its own price contracts to account for fluctuations in demand in its own industry and price its risk accordingly. Failure to adequately price risk is what has led to the subprime mortgage mess. No one wants to see energy and utility companies, and their customers, suffer the same economic debacle.

Ferrellgas Partners (FGP): Utility investors need to look closer originally appeared on BloggingStocks on Wed, 12 Mar 2008 15:28:00 EST. Please see our terms for use of feeds.

Ferrellgas Partners L.P. (NYSE: FGP) is the nation's second largest propane distributor with more than 1 million customers all over the country. The company recently released first quarter (Q1) fiscal year (FY) 2008 results, always a difficult quarter in the company's seasonal heating cycle. Q1 gross profit set a record of $131.4 million, and adjusted EBITDA rose 18% to a record $23.2 million. These numbers are quite impressive given the fact that Ferrellgas faced record wholesale costs for propane and October temperatures that were 24% above normal, reducing the need for propane heating usage by 20 million gallons.

Ferrellgas did post a seasonal net loss for Q1, but it was $6 million smaller than last year's seasonal net loss, indicating that Ferrellgas has made serious efforts to control other types of fixed costs to compensate for reduced off-season cash flow. While operating expenses edged up slightly, this increase was offset by a decrease in equipment leasing expenses. Ferrellgas is well positioned to return to its typical profit pattern in the winter heating season in Q2 FY 2008.

Ferrellgas posts record first quarter gross profit originally appeared on BloggingStocks on Thu, 13 Dec 2007 17:52:00 EST. Please see our terms for use of feeds.