Morning Movers 05/25: (MSO) (DSCI) (PSUN) (ZLC) Higher; (PSS) (LPHI) (FRO) Lower
Up)
Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) 34% HIGHER; announced that Blackstone Advisory Partners has been retained to review and respond to various parties that have expressed interest in potentially partnering with or investing in the Company, as well as exploring other opportunities. The company also announced that Lisa Gersh will be joining the Company as President and Chief Operating Officer effective June 6, 2011. The Company also announced today it is expected that Martha Stewart will rejoin MSLO's Board of Directors in the third quarter of this year.
Derma Sciences (Nasdaq: DSCI) 15.9% HIGHER; reports continued healing at 24 weeks in patients with diabetic foot ulcers treated with DSC127 in Phase 2 trial. The company has said wounds are up to 5 times more likely to heal with DSC127.
Collective Brands, Inc (NYSE: PSS) 14% LOWER; reported Q1 EPS of $0.42, $0.40 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $869 million versus the consensus estimate of $915.05 million. Comps down 7.4 percent.
Pacific Sunwear Of California (NASDAQ: PSUN) 13% HIGHER; reported Q1 EPS of ($0.30), $0.03 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $185.8 million versus the consensus estimate of $181.33 million. Pacific Sunwear Of California sees Q2 2011 EPS of $-0.29-$-0.22, versus the consensus of $-0.18.
Zale Corp. (NYSE: ZLC) 12% HIGHER; reported Q3 EPS of ($0.31), $0.27 better than the analyst estimate of ($0.58). Revenue for the quarter came in at $411.8 million versus the consensus estimate of $391.96 million. Q3 comps up 15.2%.
Carter's (NYSE: CRI) 11.9% HIGHER; in a 13D filing last night, Berkshire Partners reports a 13.4 percent stake in Carter's. The filing status allows the company's to engage in strategic talks.
Heico Corp., (NYSE: HEI) 11.8% HIGHER; reported Q1 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue for the quarter came in at $184.5 million versus the consensus estimate of $176.03 million. Increases FY11 net income growth from 15 - 17 percent to 20 percent. Also increases FY11 sales outlook from 13 - 15 percent to about 18 percent.
Life Partners Holdings (Nasdaq: LPHI) 10.6% LOWER; continuing lower following a 17 percent decline yesterday.
Frontline (NYSE: FRO) 10.1% LOWER; reported Q1 EPS of $0.20, $0.37 better than the analyst estimate of ($0.17). Frontline announces a cash dividend of $0.10 per share for the first quarter of 2011. Yield is 2.1 percent. The stock was also downgraded at Sterne Agee.
Dycom Industries, Inc. (NYSE: DY) 10% HIGHER; reported Q3 adjusted EPS of $0.10, $0.05 better than the analyst estimate of $0.05. Revenue for the quarter came in at $252.4 million versus the consensus estimate of $250.66 million. Also authorized a $20 million buyback plan.
California Pizza Kitchen, Inc. (NASDAQ: CPKI) 9.9% HIGHER; Golden Gate Capital and CPKI have entered into a definitive agreement under which an affiliate of Golden Gate Capital will acquire the Company for $18.50 per share in cash, or ~$470 million.
Raptor Pharmaceuticals (NASDAQ: RPTP) 9.3% HIGHER; Cowen initiates coverage on the stock with an Outperform.
RAE Systems Inc. (AMEX: RAE) 9.3% HIGHER; reports that it has entered into a further amendment to its merger agreement with an affiliate of Vector Capital under which the acquirer has increased the price per share to be paid to our unaffiliated stockholders to $2.25 per share. The termination fee payable in the event that the Vector merger agreement is terminated in connection with a superior offer has also been increased, to $5.75 million.
USA Technologies (Nasdaq: USAT) 9% HIGHER; started at Outperform at Northland, $3 price target.
NetSol Technologies, Inc. (Nasdaq: NTWK) 9% HIGHER; has signed a multi-million dollar agreement to implement the complete back-office Retail module of its NetSol Financial Suite (NFS) platform for a major auto captive finance company based in Tokyo, Japan.
Express (NYSE: EXPR) 8.5% LOWER; reported Q1 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $467.4 million versus the consensus estimate of $459.7 million. Comps were up 8% for the quarter. Express sees FY2011 EPS of $1.52-$1.61, versus prior guidance of $1.48-$1.60 and the consensus of $1.57. The company forecasts Q2 EPS of $0.12 -$0.15 versus the consensus of $0.16.
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Derma Sciences (Nasdaq: DSCI) 15.9% HIGHER; reports continued healing at 24 weeks in patients with diabetic foot ulcers treated with DSC127 in Phase 2 trial. The company has said wounds are up to 5 times more likely to heal with DSC127.
Collective Brands, Inc (NYSE: PSS) 14% LOWER; reported Q1 EPS of $0.42, $0.40 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $869 million versus the consensus estimate of $915.05 million. Comps down 7.4 percent.
Pacific Sunwear Of California (NASDAQ: PSUN) 13% HIGHER; reported Q1 EPS of ($0.30), $0.03 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $185.8 million versus the consensus estimate of $181.33 million. Pacific Sunwear Of California sees Q2 2011 EPS of $-0.29-$-0.22, versus the consensus of $-0.18.
Zale Corp. (NYSE: ZLC) 12% HIGHER; reported Q3 EPS of ($0.31), $0.27 better than the analyst estimate of ($0.58). Revenue for the quarter came in at $411.8 million versus the consensus estimate of $391.96 million. Q3 comps up 15.2%.
Carter's (NYSE: CRI) 11.9% HIGHER; in a 13D filing last night, Berkshire Partners reports a 13.4 percent stake in Carter's. The filing status allows the company's to engage in strategic talks.
Heico Corp., (NYSE: HEI) 11.8% HIGHER; reported Q1 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue for the quarter came in at $184.5 million versus the consensus estimate of $176.03 million. Increases FY11 net income growth from 15 - 17 percent to 20 percent. Also increases FY11 sales outlook from 13 - 15 percent to about 18 percent.
Life Partners Holdings (Nasdaq: LPHI) 10.6% LOWER; continuing lower following a 17 percent decline yesterday.
Frontline (NYSE: FRO) 10.1% LOWER; reported Q1 EPS of $0.20, $0.37 better than the analyst estimate of ($0.17). Frontline announces a cash dividend of $0.10 per share for the first quarter of 2011. Yield is 2.1 percent. The stock was also downgraded at Sterne Agee.
Dycom Industries, Inc. (NYSE: DY) 10% HIGHER; reported Q3 adjusted EPS of $0.10, $0.05 better than the analyst estimate of $0.05. Revenue for the quarter came in at $252.4 million versus the consensus estimate of $250.66 million. Also authorized a $20 million buyback plan.
California Pizza Kitchen, Inc. (NASDAQ: CPKI) 9.9% HIGHER; Golden Gate Capital and CPKI have entered into a definitive agreement under which an affiliate of Golden Gate Capital will acquire the Company for $18.50 per share in cash, or ~$470 million.
Raptor Pharmaceuticals (NASDAQ: RPTP) 9.3% HIGHER; Cowen initiates coverage on the stock with an Outperform.
RAE Systems Inc. (AMEX: RAE) 9.3% HIGHER; reports that it has entered into a further amendment to its merger agreement with an affiliate of Vector Capital under which the acquirer has increased the price per share to be paid to our unaffiliated stockholders to $2.25 per share. The termination fee payable in the event that the Vector merger agreement is terminated in connection with a superior offer has also been increased, to $5.75 million.
USA Technologies (Nasdaq: USAT) 9% HIGHER; started at Outperform at Northland, $3 price target.
NetSol Technologies, Inc. (Nasdaq: NTWK) 9% HIGHER; has signed a multi-million dollar agreement to implement the complete back-office Retail module of its NetSol Financial Suite (NFS) platform for a major auto captive finance company based in Tokyo, Japan.
Express (NYSE: EXPR) 8.5% LOWER; reported Q1 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $467.4 million versus the consensus estimate of $459.7 million. Comps were up 8% for the quarter. Express sees FY2011 EPS of $1.52-$1.61, versus prior guidance of $1.48-$1.60 and the consensus of $1.57. The company forecasts Q2 EPS of $0.12 -$0.15 versus the consensus of $0.16.
To get this movers report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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