5 Stocks Making Strong Moves in Early Trading
Visa (NYSE:V) quantified the Fed’s new restrictions on debit-card fees and its impact on revenue growth in 2012. Visa says revenue next year will grow at a percentage rate in the high single digits to low double digits, as opposed to the 11% to 15% forecast for 2011. Earnings-per-share are expected to grow 20% this year, while they will likely fall to the “middle-to-high teens” in 2012.
WD-40 Co. (NASDAQ:WDFC) is expected to report a third-quarter profit of 52 cents a share later today.
Wednesday after close, AAR Corp. (NYSE:AIR) reported fourth quarter net earnings of $21.4 million, or 52 cents a share, up from $11.2 million, or 29 cents a share, during the same fiscal period last year. Revenue for the quarter ending May 31 reached $479.8, up 32% from last year’s $364.8.
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Hanover Insurance Group Inc. (NYSE:THG) has revised its estimates higher for the impact of catastrophe losses during the second quarter. Once expected to result in $70 million to $85 million in claims, the company is now projecting that, before taxes, they will pay out $145 million to $160 million.
Everest Re Group Ltd. (NYSE:RE), another insurance group, expects to incur net catastrophe losses of $80 million for the second quarter, though the company’s chairman and chief executive expects they will still have an underwriting profit for the quarter.
Keep your eye on insurance company stocks today: American International Group (NYSE:AIG), Lincoln National Corp. (NYSE:LNC), MetLife, Inc. (NYSE:MET), Primerica, Inc (NYSE:PRI), Prudential Financial (NYSE:PRU), Genworth Financial Inc. (NYSE:GNW), Manulife Financial Corp. (NYSE:MFC) and Torchmark Corp. (NYSE:TMK).