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Week in Preview: Mosaic, Family Dollar Earnings and March Unemployment Rate

earnings expectationsThe calendar quarter winds down this week and quarterly reports are due from Apollo Group (APOL), CarMax (KMX), Global Payments (GPN), Krispy Kreme (KKD), Lennar (LEN) and McCormick (MKC). But analysts surveyed by Thomson Reuters have high hopes for results from fertilizer and animal feed maker Mosaic (MOS), apparel maker Phillips Van Heusen (PVH) and discount retailer Family Dollar (FDO). So here's a look at what they anticipate from these three companies.

Mosaic

During its fiscal second quarter, Cargill agreed to distribute its stake in Mosaic, and Mosaic also said it would redeem senior notes. Analysts anticipate that the Minnesota-based potash producer will report per-share earnings of $1.07, a jump of 53.3% from the same quarter of last year. Mosaic also is expected to post revenue of $2.4 billion for the three months that ended in February. That's a 35.9% rise from a year earlier.

Continue reading Week in Preview: Mosaic, Family Dollar Earnings and March Unemployment Rate

Earnings Highlights: Borders, CarMax, LDK Solar, Mosaic, RIM, Rite Aid ...

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

  • Acuity Brands Inc. (AYI) Q2 results were essentially flat but an analyst's upgraded helped boost shares.
  • Borders Group Inc. (BGP) reported strong Q4 earnings due to cost cutting but revenue continued to decline.
  • Cal-Maine Foods Inc. (CALM) received an analyst's downgrade on valuation following release of its Q3 report.
  • CarMax Inc. (KMX) rose to a new 52-week high following better-than-expected Q4 earnings and sales results.
  • Charming Shoppes Inc. (CHRS) posted a smaller-than-expected Q4 net loss and said same-store sales declined.

Continue reading Earnings Highlights: Borders, CarMax, LDK Solar, Mosaic, RIM, Rite Aid ...

The Week in Preview: End-of-Season Earnings from DG, MOS, RIMM ...

Things will be pretty quiet on the earnings front again this week as the quarter winds down. But here's a look at what analysts surveyed by Thomson Reuters are expecting from a few of the stragglers that are scheduled to report results.

In the three months that ended in February, Mosaic Co. (MOS) declared a quarterly dividend and denied that the company was for sale. Analysts expect this potash and phosphate producer to report that fiscal third-quarter earnings surged nearly 80% from the same period of last year to $0.63 per share. Revenue for the period is expected to be 31.6% higher to $1.8 billion. So far, analysts anticipate sequential and year-over-year EPS and revenue growth in the fourth quarter. However, Mosaic's earnings results have fallen short of expectations in three of the past four quarters, by as much as 11 cents per share.

Continue reading The Week in Preview: End-of-Season Earnings from DG, MOS, RIMM ...

The week in preview: Is the rally over?

Autumn has arrived and the quarter winds down this week. The Dow has been inching toward 10,000 for a while now, though it closed lower in the past three sessions. Can it make it to 10,000 for the start of the third quarter? If so, what will push it higher? If not, what will drag it down further?

Continue reading The week in preview: Is the rally over?

The week in preview: End-of-quarter expectations

Even if the national headlines weren't already providing enough focus on the economy, plenty of economic data is due out as the month and the quarter wind down. U.S. economic data scheduled to be released this week include:

Other economic events scheduled for this week include:

Continue reading The week in preview: End-of-quarter expectations

Global Payments (GPN): Share price advances through positive trading channel

Global Payments (NYSE: GPN) is a high-volume payments processor of electronic transactions and related money transfers. It performs point-of-sale credit card, debit card, and check authorization functions for merchants and financial institutions and offers corporate and government clients benefits transfer processing and electronic tax payment services. The firm also facilitates money transfers from the US and Europe, primarily targeting immigrants who send funds to their home countries. MasterCard (NYSE: MA) is a client. Western Union (NYSE: WU) is a competitor.

The firm had good news for investors late last month, when it announced fiscal Q3 EPS of 44 cents and revenues of $310.6 million. Wall Street has been expecting 42 cents and $300.9 million. In discussing the solid results, the CEO pointed to successful merchant services operations and strong revenue growth from an Asia-Pacific joint venture with HSBC Holdings (NYSE: HBC). Management also guided FY08 EPS to $1.95-$1.97 ($1.94 consensus) and FY08 revenues to $1.25-$1.26 billion ($1.24B consensus).

Continue reading Global Payments (GPN): Share price advances through positive trading channel

Investing in Georgia: Acuity Brands (AYI) and Global Payments (GPN)

It's been said that if the U.S. state of Georgia were an independent nation, it would have the 18th largest economy in world. The "Empire State of the South" ranked tenth in U.S. in per capita personal income in 2005, and has one of the fastest growing populations in the U.S. -- about a million additional people between 2000 and 2005. Its diverse industrial output ranges from peaches and peanuts, to textiles, food processing, and aircraft manufacturing, to publishing and tourism. Georgia is home to such corporate giants as Coca-Cola Co. (NYSE: KO); Delta Air Lines Inc. (NYSE: DAL); Home Depot Inc. (NYSE: HD); UPS (NYSE: UPS); Newell Rubbermaid Inc. (NYSE: NWL), and Equifax Inc. (NYSE: EFX).

It's also home to Acuity Brands Inc. (NYSE: AYI) and Global Payments Inc. (NYSE: GPN), both of which represented Georgia on the Forbes 2007 list of 100 best mid cap stocks. I examine two other Peach State companies -- RPC Inc. (NYSE: RES) and Radiant Systems Inc. (NASDAQ: RADS) -- in a separate Investing in Georgia post.

Continue reading Investing in Georgia: Acuity Brands (AYI) and Global Payments (GPN)

Global Payments (GPN): Paying the electronic way

If you use a credit card, the chances are pretty fair that you have done some business with an Atlanta outfit that facilitates electronic transactions around the world.

Global Payments (NYSE: GPN) is a high-volume payments processor of electronic transactions and related money transfers. It performs point-of-sale credit card, debit card and check authorization functions for merchants and financial institutions and offers corporate and government clients benefit transfer processing and electronic tax payment services. The firm also facilitates money transfers from the US and Europe, primarily targeting immigrants who send funds to their home countries. MasterCard (NYSE: MA) is a client. Western Union (NYSE: WU) is a competitor.

The firm had good news for investors last week, when it announced fiscal Q1 EPS of 54 cents and revenues of $311 million. Wall Street has been expecting 50 cents and $294.6 million. The company attributed the successful quarter to a solid increase in merchant service revenues, continued organic expansion and favorable results from an Asia-Pacific joint venture with HSBC. Management also guided FY08 EPS to $1.87-1.96 ($1.91 consensus) and FY08 revenues to $1.20-$1.25 billion ($1.19B consensus). Barrington Research subsequently reiterated its "outperform" on the shares.

Continue reading Global Payments (GPN): Paying the electronic way

Daily option update 1-5-07: Dell volatility up ahead of CES

U.S. stocks were lower on an increase in December new job creation and higher wages. Interest rates rose. The Dow was down 0.62%, NASDAQ 100 down 0.76%, S&P 500 down 0.58%, and the 10-year bond rate rose to 4.646%. Volatility Index S&P 500 Options-VIX rose .56 to 12.07.
  • Global Payments Inc.'s (NYSE: GPN) implied volatility increases: Global sells off on tighter guidance. Global Payments is recently down $8.15 to $40.90 after the company lowered its 2007 revenue guidance. Goldman Sachs said, "we believe key questions remain: 1) Is Western Union exerting significant pressure in the Mexico money transfer market, and when (in the November quarter, or in the current February quarter) did the pricing environment begin to deteriorate? How significant are the pricing changes?" Global Payments' call option volume of 5,689 contracts compares to put volume of 1,723 contracts. February option implied volatility of 35 is above its 26-week average of 29, according to Track Data, suggesting larger price risks.

Continue reading Daily option update 1-5-07: Dell volatility up ahead of CES

Analyst upgrades for 10/5/06: Red Hat and Global Payments get buy ratings

MOST NOTEWORTHY: Global Payments Inc. (GPN) and Medicis Pharmaceutical Corporation (MRX) top today's modest list of upgrades. J.P. Morgan upgraded Global Payments to Overweight from Neutral citing concerns over margins being overdone and the possibility guidance could be conservative. Medicis Pharma was upgraded by Credit Suisse to Outperform from Underperform based on increased expectations for Solodyn and increased confidence in Restylane growth.

OTHER UPGRADES: Red Hat Inc. (RHAT) was upgraded to Buy from Hold at Rochdale. And finally, the Banc of America upgraded Agrium (AGU) to Neutral from Sell, citing improved margins and volumes in nitrogen for the change.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

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Last updated: February 12, 2012: 03:33 AM

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