Francesca�� (FRAN), Zacks Rank #5 (Strong Sell), is a women�� apparel retailer which recently reported disappointing profits.� The company posted earnings per share of 33 cents� in the quarter ending July against a Zacks Consensus Estimate of 35 cents.� The company also provided weak guidance for FY Q3 (October) and the Zacks Consensus estimate for Q3 tumbled 10 cents to 20 cents in the wake of the report.
Estimates have also declined for FY 2014 and FY 2015 by 18 cents and 25 cents to $1.12 and $1.33 respectively over the past thirty days. �The stock gapped sharply lower after its September 4th earnings release.
The graphic shows the loss of profit momentum. �It suggests profits need to turn higher to bring in significant buying.
Sales below plan:
Francesca�� reported below plan sales and gross margin pressure.� Weak traffic and poor sales in the gift category weighed on results. ��Same store sales have contracted three straight quarters and operating margins have declined compared to a year ago four straight quarters. �The CEO indicated that there were improved traffic trends in late August, but no clear direction had emerged.� The statements provide caution on the outlook. �The dim view has compressed the forward price to earnings ratio from over 30.0 to 15.5. �Women�� apparel is a competitive space and being reflected in the multiple.
Top Blue Chip Stocks To Invest In Right Now: Imperial Oil Limited(IMO)
Imperial Oil Limited engages in the exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment engages in the exploration and production of conventional crude oil, natural gas, synthetic oil, and bitumen primarily in the Western Provinces, the Canada Lands, and the Atlantic Offshore. Its primary conventional oil producing asset includes the Norman Wells oil field in the Northwest Territories. The Downstream segment engages in the transportation and refining of crude oil, as well as blending, distribution, and marketing of refined products. It owns and operates crude oil, and natural gas liquids and products pipelines in Alberta, Manitoba, and Ontario. The Chemical segment engages in the manufacture and marketing of various petrochemicals, including ethylene, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. As of De cember 31, 2010, Imperial Oil Limited had 1,204 million oil-equivalent barrels of proved undeveloped reserves; maintained a nation-wide distribution system, including 24 primary terminals, to handle bulk and packaged petroleum products moving from refineries to market by pipeline, tanker, rail, and road transport; and sold petroleum products through 1,850 Esso retail service stations, of which approximately 510 were company owned or leased. The company was founded in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited operates as a subsidiary of Exxon Mobil Corporation.Advisors' Opinion:
- [By Ben Levisohn]
We downgrade ExxonMobil to Underweight from Equal Weight primarily due to its relative valuation. The shares are currently trading at a 9% premium to its NAV compared to the group average discount of 17%. Although we have modestly increased our price target to $105 from $100 and set it above its NAV estimate to give credit to the company�� seemingly conservative non-proved resource estimate, we believe the potential upside is limited compared to other names in our coverage. We think the stock will continue to face relative headwinds concerning the lack of meaningful near-term production growth and our belief of a relatively steady high oil price environment. We recommend switching from ExxonMobil to ConocoPhillips, Imperial Oil (IMO), or Suncor. That said, ExxonMobil will likely outperform the group in the event of any unexpected significant negative macro developments given its long held ��afe haven��status.
- [By Stephan Dube]
Cold Lake's most notable producers:Husky Energy (HUSK.PK), see article here.Pengrowth Energy Corporation (PGH), see article here.Southern Pacific Resource (STPJF.PK), see article here.Canadian Natural Resources (CNQ), see article here.Devon Energy (DVN), see article here.Imperial Oil (IMO), see article here.Baytex, see article here.Bonavista Energy (BNPUF.PK), see article here.
Athabasca's most notable producers:
- [By Aaron Levitt]
Ten of Exxon�� major projects are expected to begin pumping energy throughout this year. These include expansions of Imperial Oil�� (IMO) oil sands production in Canada, new deepwater wells in the Gulf of Mexico as well as finally seeing production from its partnership in Russia. XOM �will start producing oil from the largest offshore oil and gas platform in that nation within a few months. These projects will add about 300,000 barrels per oil equivalent per day to Exxon�� production.
Top 5 Healthcare Technology Companies To Watch In Right Now: Canterbury Park Holding Corporation(CPHC)
Canterbury Park Holding Corporation conducts pari-mutuel wagering operations and hosts unbanked card games at its Canterbury Park racetrack and card room facility in Shakopee, Minnesota. The company operates in three segments: Horse Racing, Card Room, and Concessions. The Horse Racing segment operates year-round pari-mutuel wagering on simulcast horse races, and live thoroughbred and quarter horse races held on a seasonal basis. The Card Room segment offers unbanked card games, which include poker and casino games. The Concessions segment provides food and beverage services for simulcast and live racing, and the card room, as well as for the special events. The company also offers facilities for special events, such as snowmobile races, arts and crafts shows, trade shows, concerts, fundraisers, automobile shows and competitions, vehicle and boat storage, and private parties. In addition, it provides advertising signage space; leases excess parking lot space for various aut omotive activities and vehicle storage; and sells various daily pari-mutuel publications. Canterbury Park Holding Corporation was founded in 1994 and is based in Shakopee, Minnesota.Advisors' Opinion:
- [By Monica Wolfe]
Lastly, Gabelli increased his position in Canterbury Park Holding (CPHC). Gabelli upped his stake 3.18% by purchasing a total of 13,824 shares. He bought these shares at an average price of $11.11 per share, and since then the price per share is up about 3%. Gabelli now holds 447,944 shares, representing 10.74% of the company�� shares outstanding.
- [By Sally Jones]
Canterbury Park Holding Corporation (CPHC) ��Market Cap $46.35 Million
Canterbury Park Holding Corporation is up 2% over 12 months. The company has a market cap of $46.35 million; its trades around $11.16 with a P/E ratio of 59.30 and a P/B of 1.70.
Top 5 Healthcare Technology Companies To Watch In Right Now: Turcas Petrol AS (TRCAS)Turcas Petrol AS (Turcas) is a Turkey-based integrated energy holding company that operates in the fields of fuel distribution, oil refining, power generation & trading, and import & wholesale of natural gas. The joint venture company, Shell & Turcas Petrol AS (STAS), carries out the Company�� fuel distribution activities through a network of gas stations, delivering services across Turkey. Its Oil refining and petroleum production is undertaken by SOCAR & Turcas Energy (STEAS). The Company operates its power generation, trading and distribution activities through Turcas Energy Holding. The import, export and wholesale of natural gas are handled by Turcas Gas Trading. Advisors' Opinion:
- [By Lyubov Pronina]
Akbank sank 4.2 percent in Istanbul, falling for a sixth straight day, the longest streak in almost two months. Turcas Petrol AS (TRCAS) lost 1.6 percent after the Turkish energy company said Finance Ministry officials started an inspection at its venture with Royal Dutch Shell Plc.
Top 5 Healthcare Technology Companies To Watch In Right Now: First Financial Bancorp.(FFBC)
First Financial Bancorp. operates as the holding company for First Financial Bank, National Association that provides commercial banking, and other banking and banking-related services. The company accepts various deposit products that include interest-bearing and noninterest-bearing deposit accounts, time deposits, and cash management services for commercial customers. It also offers various lending products, including residential real estate loans; commercial real estate loans; commercial loans for various business purposes; home equity lines of credit; and consumer loans, such as vehicle loans, second mortgages on residential real estate, and unsecured loans. In addition, the company provides trust services, brokerage, investment, and other related services. As of June 3, 2011, it operated 102 banking centers in Ohio, Indiana, and Kentucky. The company was founded in 1982 and is headquartered in Cincinnati, Ohio.Advisors' Opinion:
- [By , DividendChannel.com]
Looking at the universe of stocks we cover at Dividend Channel, on May 28, First Financial Bancorp�(FFBC), Goldman Sachs�(GS) and M & T Bank Corp.�(MTB) will all trade ex-dividend for their respective upcoming dividends. First Financial Bancorp will pay its quarterly dividend of $0.15 on July 1, Goldman Sachs will pay its quarterly dividend of $0.55 on June 27 and M & T Bank�will pay its quarterly dividend of $0.70 on June 30.