Comcast, Dean Foods, Kellogg, WellCare, Deere Among Most Active Stocks Feb 15th
Comcast Corporation (NASDAQ:CMCSA): Comcast reported Q4 EPS of 47c, compared with analysts’ consensus estimate of 41c. The company’s revenue also came in higher than expected. Moreover, Comcast announced that it would raise its dividend 44%, to 65c per share per year, and said it would repurchase $6.5B of its own shares in 2012. Comcast’s high-speed Internet revenue surged 10.1%, and its business service revenue jumped 36.8%. The company lost 17,000 video customers in Q4, the lowest number of customer it has lost in almost five years. Comcast believes that its improvements are sustainable, according to the company’s CEO Brian Roberts. “As we begin 2012, the strength of our businesses and free cash flow generation will allow us to continue to build value and consistently return capital to shareholders,” said Roberts. In early trading, Comcast rose $1.49, or 5.47%, to $28.74. Other cable companies also advanced, with Time Warner Cable (NYSE:TWC) adding $1.29, or 1.70%, to $77.21 and Cablevision (NYSE:CVC) climbing 27c, or 1.86%, to $14.82. Shares of Comcast Corporation are trading 5.8% higher today.
Dean Foods Company (NYSE:DF): For Fresh Dairy Direct, says category weakness and pricing pressures remain a concern. For WhiteWave-Alpro, sees solid FY top-line performance supported by new product launches. Sees continued momentum in Morningstar. Comments from slides that will be presented on the Q4 earnings conference call. Shares of Dean Foods Company are trading 12.88% higher today.
Kellogg Company (NYSE:K): Assuming the transaction closes on or around June 30, 2012, Kellogg expects that the transaction will: Be accretive to earnings in 2012 by between $0.08 and $0.10 per share before the impact of transaction and one-time costs and changes to the share repurchase program; including these items, the transaction will be dilutive to earnings per share in 2012 by between $0.11 and $0.16 per share. Generate one-time costs of between $160 million and $180 million. The company expects that between $70 million and $90 million of these costs will be recognized in 2012, a lesser amount in 2013, and the remainder in 2014. Generate synergies of at least $10 million in 2012, more in 2013 and ongoing synergies of between $50 million and $75 million a year thereafter Shares of Kellogg Company are trading 4.85% higher today.
WellCare Health Plans, Inc. (NYSE:WCG): Membership as of December 31, increased 15% year over year to 2.6M compared with 2.2M members as of December 31, 2010. PDP segment membership increased 208,000 year over year, or 27%. Medicare Advantage membership increased year over year by 19,000 members, or 16%. Medicaid segment membership increased by 111,000, or 8%, year over year to 1.5M members as of December 31, 2011. Shares of WellCare Health Plans, Inc. are trading 10.77% higher today.
Deere & Company (NYSE:DE): Full-year industry sales in the EU 27 nations of Western and Central Europe are forecast to be flat to up 5% as favorable conditions in the grain, livestock and dairy sectors outweigh general economic concerns. Sales in the Commonwealth of Independent States are expected to be considerably higher in 2012, while sales in Asia are forecast to increase moderately. In South America, industry sales for the year are projected to be flat to down 5%, vs attractive levels of 2011, due to drought conditions in Argentina and southern Brazil. U.S. and Canada industry sales of turf and utility equipment are expected to increase slightly in 2012. Shares of Deere & Company are trading 3.13% lower today.
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