OpenTable, Comcast, CVS, Energizer Generating Trading Demand May 2nd
OpenTable Inc (NASDAQ:OPEN): Barclays said OpenTable’s miss was not due to competitive factors but industry and macro conditions. The firm said margins are expanding and that mobile growth and restaurant addition trends are solid. The firm recommends buying on weakness and reiterates its Overweight rating and $50 price target. Shares of OpenTable Inc are trading 15.96% lower today.
Phillips 66 (NYSE:PSX): Phillips 66 initiated with an Equal Weight at Barclays with a target of $37. Shares of Phillips 66 are trading 2.84% lower today.
Comcast Corporation (NASDAQ:CMCSA): CBS CEO Leslie Moonves said on the company’s earnings conference call yesterday that the company will “take a look” at Hulu (CMCSA, DIS, NWSA) if it shifts to an authentication model, and also noted that the company been in discussions with virtually”everyone” that is exploring a digital service regarding content deals, the Hollywood Reporter says. Shares of Comcast Corporation are trading 2.75% lower today.
CVS Caremark Corporation (NYSE:CVS): CVS Caremark says in Q1 achieved expected 3c per share benefit from impasse between Walgreens (NYSE:WAG) and Express Scripts (NASDAQ:ESRX). Sees Q2 positive impact of 3c-4c to EPS assuming Walgreens/Express situation remains unresolved for the duration of quarter. Shares of CVS Caremark Corporation are trading 0.94% higher today.
Energizer Holdings, Inc. (NYSE:ENR): Energizer Holdings announced plans to initiate a dividend program commencing later this year. Subject to declaration by the board, the company plans to initiate a quarterly dividend of 40c per share in Q4, which ends September 30. Energizer anticipates paying a cash dividend each quarter, with expected dividend payment dates in March, June, September and December of each year. The dividend announced today implies an annual cash dividend rate of $1.60 per common share. Future declarations of dividends are subject to board approval and may be adjusted in the discretion of the board, including as business needs or market conditions change. In addition, the company announced that its board has approved a new authorization for the company to acquire up to 10M shares of its 1c par value common stock. This authorization replaces a similar authorization to acquire up to 10M shares, which was approved by the board on July 24, 2006, and under which approximately 8M shares of common stock have been repurchased. Shares of Energizer Holdings, Inc. are trading 6.26% higher today.
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