Daily Dividend Report: GEL, CL, WAG, RRD, SKT
This morning, Genesis Energy (GEL) declared its quarterly distribution of 53.5 cents per share, an increase of about 2% over its prior distribution. Based on the current stock price, investors can expect a yield of about 4% going forward.
Daily Dividend Report: CAT, SE, HSY, FAST, GEL
This morning, Caterpillar (CAT) declared its quarterly dividend of 60 cents per share, maintaining the amount paid to shareholders the previous quarter. Based on the current stock price, investors can expect a yield of about 2.9% going forward.
Twitter Shares Soar in 'Flawless' Debut at NYSE
Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc. weighs in on the highly-anticipated market debut of Twitter Inc. (NYSE: TWTR) on the New York Stock Exchange. Twitter stock opened at $45.10, up 73 percent from the $26 IPO price set on Wednesday evening. On Thursday, shares of the social media company surged 83.37 percent $47.67 in afternoon trading.
Best Buy Co Inc (NYSE: BBY) Earnings News: How Will Amazon's 'Showrooming' Impact Brick-And-Mortar?
Best Buy Co., Inc. (NYSE: BBY) on Thursday reported a stronger-than-expected quarterly profit, sending shares up nearly 6 percent in pre-market trading. The retailer issued fourth quarter earnings of $310 million, or 88 cents a share, compared to a net loss of $461 million, or $1.36 a share, a year earlier. Wall Street had expected Best Buy to post a profit of $1.01 a share, according to analysts polled by Reuters. Meanwhile, sales missed analysts' average estimate of $14.66 billion and instead
Daily Dividend Report: PSX, GOOD, GOV, PCAR, GEL
This morning, Phillips 66 (PSX) declared its quarterly dividend of 31.25 cents per share, maintaining the amount paid to shareholders the last quarter. Based on the current stock price, investors can expect a yield of about 2.2% going forward.
What You Need to Know About GrubHub's NYSE Market Debut
GrubHub will make its market debut on Friday in an offering which will value the company at around $2.04 billion. The online food delivery company priced shares of its common stock at $26 a share, higher than its earlier price range of between $23 and $25 a share.
Analyst Moves: LVS, CMCSA, GEL
This morning, Morgan Stanley increased its price target on shares of the Las Vegas Sands (LVS) to $65 as Asian properties continue to drive earnings growth at the company. In the report, Morgan Stanley increased its EPS estimates and reiterated overweight rating.
Earnings News: Merck & Co Inc (NYSE: MRK)
Merck & Co., Inc. (NYSE: MRK) reported a fiscal fourth-quarter profit of $781 million, or 26 cents a share, compared with earnings of $908 million, or 30 cents a share, a year ago. Excluding items, EPS increased to 88 cents from 83 cents during the same period a year earlier, while revenue fell 3.4 percent to $11.32 billion. The company forecast 2014 EPS of $3.35 to $3.53 and revenue between $42.4 billion to $43.2 billion, compared with Wall Street expectations for EPS of $3.48 on revenue of $4
TriNet Group Inc. (NYSE: TNET) Celebrates IPO At NYSE: CEO Discusses Tips For Success
TriNet Group, Inc. made its public debut on the New York Stock Exchange on Thursday, March 27 pricing of its initial public offering of 15 million shares of common stock at a price to the public of $16 per share under the ticker symbol "TNET." On Thursday, TNET shares opened at $18 per share. Burton M. Goldfield, president and chief executive officer of TriNet Group, celebrated the occasion by ringing the opening bell.
Container Store Nearly Doubles In 1st Day On NYSE
Shares of The Container Store nearly doubled in its market debut on Friday. The stock jumped $17.10, or 95 percent, to $35.10 in morning trading on the New York Stock Exchange. The retailer, which specializes in shelving, storage bins, boxes and related organizational items, priced its initial public offering of 12.5 million shares at $18 apiece. The Container Store Group Incorporated raised $225 million in the IPO.
Gigamon Shares Jump in IPO Debut at NYSE
Data-management technology company Gigamon Inc. soared over 30 percent in its initial public offering on Wednesday at the New York Stock Exchange (NYSE). Gigamon will begin trading today on the NYSE under the ticker symbol "GIMO". Gigamon, valued at about $680 million at the opening price, raised near $85.5 million after pricing the offering of 6.75 million shares at $19 each, the midpoint of the expected range.
Aerohive Networks Inc. Celebrates IPO at NYSE
David Flynn, cheif executive officer at Aerohive Networks, celebrated the company's IPO by ringing the closing bell at the New York Stock Exchange on Friday, March 28. Aerohive Networks, a Silicon Valley-based controller-less Wi-Fi and cloud-managed mobile networking provider, began trading Friday under the ticker symbol (NYSE: HIVE). The company announced on Thursday the pricing of its initial public offering of 7.5 million shares of its common stock at a price to the public of $10 per share.