Time Warner, Ralph Lauren, Visa, Whole Foods Achieve Annual Stock Price Milestones Today
Time Warner Inc. (NYSE:TWX): Time Warner announced that its Board of Directors has approved an increase in the Company’s regular quarterly cash dividend of 11%. On an annual basis, Time Warner’s regular cash dividend on its Common Stock will grow from 94c per share to $1.04 per share. The Board of Directors declared a regular quarterly dividend of $0.26 per share of Common Stock, payable in cash on March 15, 2012 to stockholders of record at the close of business on February 29, 2012. The shares closed at $38.11, up $0.01 or 0.03% on the day. They have traded in a 52-week range of $27.62 to $38.62.
Ralph Lauren Corp. (NYSE:RL): The company said, “Due to the stronger-than-expected third quarter performance, the Company now expects consolidated revenues for Fiscal 2012 to increase by approximately 20%, which compares to a prior expectation of high-teens-to-low 20% growth. The Company has also raised its operating margin outlook for Fiscal 2012. The full year operating margin from continuing operations is now estimated to be approximately equivalent to or only slightly below the prior year period, which compares to a prior expectation of a 50 basis point decline. The full year Fiscal 2012 tax rate is currently estimated to be 34%.” Consensus for FY12 revenue is $6.8B. The shares closed at $171.49, up $14.42 or 9.18% on the day. They have traded in a 52-week range of $105.11 to $164.55.
Visa Inc. (NYSE:V): Visa (NYSE:V) is slated to report Q1 results on Wednesday, February 8 after the market close, with a conference call scheduled for 5:00 pm ET. Analysts are looking for EPS of $1.45 on revenue of $2.47B. The consensus range is $1.37-$1.51 for EPS, and $2.41B-$2.52B for revenue, according to First Call. In a positive sign for Visa, MasterCard (NYSE:MA) reported higher than expected Q4 adjusted EPS earlier this month, although the company’s revenue did come in lower than expected. But, MasterCard said it wasn’t seeing a great deal of economic hardship in Europe. Meanwhile, in a note to investors today, Wells Fargo predicted that Visa would report slightly higher than expected Q1 EPS and slightly lower than expected Q1 revenue. The firm expects Visa to be relatively upbeat about its business outlook, and it maintains an Outperform rating on the stock. Visa’s stock has gained nearly 7% in the last month. The shares closed at $108.35, up $1.37 or 1.28% on the day. They have traded in a 52-week range of $70.45 to $108.27.
Whole Foods Market (NASDAQ:WFM): Whole Foods backs goal of 1,000 stores over the long-term. The shares closed at $77.93, up $2.13 or 2.81% on the day. They have traded in a 52-week range of $52.52 to $78.29.
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