Pre-Market Earnings First Look: Lowes and AES

Lowe’s (NYSE:LOW) reported Q4 earnings of $0.29, including $0.02 per share in charges, up from $0.26 per share in the year ago quarter. Sales were up 5.6% to $11.66 billion. The analyst consensus on Capital IQ called for earnings of $0.31 per share, excluding items, on sales of $11.67 billion. The company also approved a $5 billion stock buyback plan. For FY 2014, the company … Continue reading Pre-Market Earnings First Look: Lowes and AES

After-Hours Roundup: RGR, WYY, TGI, SPN, NDSN

Sturm, Ruger & Company (NYSE:RGR) is lower in after hours trading after the company reported mixed financial results for Q4 and declared a quarterly dividend of $0.54 per share. Shares are down 4.91% at $65.01, with a 52-week range of $44.76 – $85.93. The firearms company reported Q4 earnings of $1.33 per share, compared with the prior-year period’s $1 per share. Revenue was $181.9 million, up 28.3% from $141.8 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $1.38 on revenues of $179.14 million. The company also announced today that its board of directors declared a dividend of $0.54 per share for Q4, for shareholders of record as of March 14, 2014, payable on March 28, 2014.

Shares of WidePoint Corp. (NYSEMKT:WYY) are down 3.3% at $1.47 after-hours as the provider of solutions and services in mobile communications management and identity management, says it intends to offer shares of its common stock in an underwritten public offering. All of the shares in the offering are to be sold by WidePoint. WidePoint also expects to grant the underwriter a 30-day option to purchase additional shares of WidePoint’s common stock to cover over-allotments, if any.

Shares of Triumph Group Inc. (NYSE:TGI) are up 3.3% at $64.79 after-hours as the industrial components company says its board of directors has authorized a new 5 million share repurchase program. The company expects to use the new program to repurchase outstanding shares of its common stock. The company also has 500,200 shares remaining on its prior February 2008 authorization, bringing the total amount authorized for repurchases to 5,500,200 shares. The company currently has approximately 52.5 million shares of common stock outstanding.

Superior Energy Services, Inc. (NYSE:SPN) is steady late Tuesday after it meets with Q4 earnings but just misses with revenue. The company also announced plans to pursue strategic alternatives for its Asia Pacific-based subsea construction business. SPN said non-GAAP adjusted net income for Q4 was $48.3 million, or $0.30 per share. This compares with net income of $76.3 million, or $0.48 per share a year earlier. Revenue was $1.128 billion, down from $1.178 billion in the same quarter a year earlier. The Capital IQ consensus analyst estimate was for $0.30 per share on revenue of $1.2 billion.

The company said it intends to pursue strategic alternatives for its Asia Pacific-based subsea construction business. In addition, at the conclusion of the ongoing specialized platform decommissioning project, the company intends to no longer participate in the Gulf of Mexico structural decommissioning market. A significant portion of the specific charges were related to these businesses. These strategic changes will not impact the company’s Gulf of Mexico plug and abandonment business, a core service since the company’s founding.

Coatings and adhesives maker Nordson Corp. (NASDAQ:NDSN) is steady after hours after its profit declines compared to a year earlier. Improved revenue fell shy of the Street view. The company reports fiscal Q1 net income was $35 million, or $0.54 per share, compared to $42 million or $0.65 per share a year earlier. Adjusted EPS for the quarter was $0.56 per share. The Capital IQ consensus analyst estimate was for $0.62 per share Sales were $359 million, a 4% increase over the prior year’s sales. The Cap IQ figure was for $366 million. For Q2 guidance, the company said sales are expected to increase in the range of 5%-9% compared to same period a year ago; GAAP Diluted EPS in the range of $0.85 to $0.94. The Cap IQ figure, which may not be comparable, is for $0.93 per share.

Continue reading “After-Hours Roundup: RGR, WYY, TGI, SPN, NDSN”

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S&P Rallies to Record High

Stocks are back in rally-mode, with the S&P 500 index touching a new record high as mergers, Fed Chair Janet Yellen’s upcoming conclusion to her Humphrey-Hawkins testimony and the hope for accelerating global growth all fuel an impressive run-up in prices. Economic data today was again disappointing, but the financial markets have all but dismissed any data from December through February as being adversely impacted … Continue reading S&P Rallies to Record High

Envestnet Quarterly Results Ahead this Week

Envestnet is scheduled to report fourth-quarter results on Thursday, February 20, after markets close. At $42.45, the stock trades at 40 times 2015 adjusted EPS estimate, which excludes stock-based compensation expense and amortization of acquired intangibles. We believe upside over the long term could come from a combination of continued execution, potential growth acceleration if broker-dealers begin to consolidate their TAMP offerings, QPs taking off, … Continue reading Envestnet Quarterly Results Ahead this Week

GSE Systems, Inc. Reports a Respectable Q3 in a Tough Environment

Last night, GSE Systems, Inc. (GVP) reported a good quarter, delivering contract revenue upside, in line GAAP EPS and relatively stable backlog in its 3Q13 earnings report. Despite posting a respectable performance, the company is still feeling the impact from stalled nuclear and non-nuclear simulator projects in the US, and from cancelled and delayed nuclear projects in Japan and Germany. We’re reiterating our Speculative Hold … Continue reading GSE Systems, Inc. Reports a Respectable Q3 in a Tough Environment

Manhattan Associates Post Solid Top Line Numbers

Manhattan Associates reported better than expected 3Q total revenue and EPS. License revenue was $1.7 million lighter than we expected, though the company made up the deficit on services. Investor sentiment was somewhat cautious heading into the print, resulting in the stock up marginally (1%- 3%) in after-hours trading. While MANH executed reasonably well, sluggish license revenue growth and valuation remain a stumbling block to … Continue reading Manhattan Associates Post Solid Top Line Numbers