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28400.0 | 2016-03-08 00:00:00 UTC | Pre-Market Most Active for Mar 8, 2016 : SUNE, SDRL, ABEV, LINE, TVIX, PDCE, RIO, CHK, KB, MSFT, ARMH, URBN | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-mar-8-2016-sune-sdrl-abev-line-tvix-pdce-rio-chk-kb-msft-armh-urbn | nan | nan | The NASDAQ 100 Pre-Market Indicator is down -12.64 to 4,290.69. The total Pre-Market volume is currently 16,429,675 shares traded.
The following are the most active stocks for the pre-market session :
SunEdison, Inc. ( SUNE ) is +0.63 at $2.53, with 8,740,594 shares traded.SUNE is scheduled to provide an earnings report on 3/9/2016, for the fiscal quarter ending Dec2015. The consensus earnings per share forecast is -0.99 per share, which represents a -16 percent increase over the EPS one Year Ago
Seadrill Limited ( SDRL ) is -0.48 at $5.58, with 886,229 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2016. The consensus EPS forecast is $0.35. SDRL's current last sale is 186% of the target price of $3.
Ambev S.A. ( ABEV ) is unchanged at $5.04, with 550,100 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Linn Energy, LLC ( LINE ) is +0.15 at $2.10, with 453,930 shares traded.LINE is scheduled to provide an earnings report on 3/10/2016, for the fiscal quarter ending Dec2015. The consensus earnings per share forecast is 0.11 per share, which represents a 99 percent increase over the EPS one Year Ago
region ( TVIX ) is +0.15 at $6.93, with 357,437 shares traded. This represents a 30.51% increase from its 52 Week Low.
PDC Energy, Inc. ( PDCE ) is -0.34 at $51.77, with 344,887 shares traded. As reported by Zacks, the current mean recommendation for PDCE is in the "buy range".
Rio Tinto Plc ( RIO ) is -1.94 at $30.01, with 302,997 shares traded. RIO's current last sale is 111.15% of the target price of $27.
Chesapeake Energy Corporation ( CHK ) is +0.15 at $5.38, with 291,020 shares traded. CHK's current last sale is 134.5% of the target price of $4.
KB Financial Group Inc ( KB ) is -0.7689 at $25.93, with 288,574 shares traded. KB's current last sale is 101.81% of the target price of $25.47.
Microsoft Corporation ( MSFT ) is -0.3 at $50.73, with 191,731 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
ARM Holdings plc ( ARMH ) is -0.19 at $42.04, with 150,700 shares traded. ARMH's current last sale is 79.32% of the target price of $53.
Urban Outfitters, Inc. ( URBN ) is +2.49 at $30.65, with 129,858 shares traded. URBN's current last sale is 109.46% of the target price of $28.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is unchanged at $5.04, with 550,100 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the pre-market session : SunEdison, Inc. ( SUNE ) is +0.63 at $2.53, with 8,740,594 shares traded.SUNE is scheduled to provide an earnings report on 3/9/2016, for the fiscal quarter ending Dec2015. | Ambev S.A. ( ABEV ) is unchanged at $5.04, with 550,100 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the pre-market session : SunEdison, Inc. ( SUNE ) is +0.63 at $2.53, with 8,740,594 shares traded.SUNE is scheduled to provide an earnings report on 3/9/2016, for the fiscal quarter ending Dec2015. | Ambev S.A. ( ABEV ) is unchanged at $5.04, with 550,100 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the pre-market session : SunEdison, Inc. ( SUNE ) is +0.63 at $2.53, with 8,740,594 shares traded.SUNE is scheduled to provide an earnings report on 3/9/2016, for the fiscal quarter ending Dec2015. | Ambev S.A. ( ABEV ) is unchanged at $5.04, with 550,100 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The NASDAQ 100 Pre-Market Indicator is down -12.64 to 4,290.69. |
28401.0 | 2016-03-03 00:00:00 UTC | Pre-Market Most Active for Mar 3, 2016 : ABEV, KR, KEP, PSO, PBR, BANC, INTC, TVIX, QQQ, CTRP, XIV, FB | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-mar-3-2016-abev-kr-kep-pso-pbr-banc-intc-tvix-qqq-ctrp-xiv-fb-2016 | nan | nan | The NASDAQ 100 Pre-Market Indicator is down -2.15 to 4,332.24. The total Pre-Market volume is currently 10,613,921 shares traded.
The following are the most active stocks for the pre-market session :
Ambev S.A. ( ABEV ) is +0.07 at $4.72, with 900,300 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Kroger Company (The) ( KR ) is -2.74 at $37.91, with 652,566 shares traded. Market Realist Reports: Which Supermarkets Performed Well in February?
Korea Electric Power Corporation ( KEP ) is -0.7252 at $23.82, with 638,538 shares traded., following a 52-week high recorded in prior regular session.
Pearson, Plc ( PSO ) is +0.17 at $12.19, with 600,000 shares traded. PSO's current last sale is 88.33% of the target price of $13.8.
Petroleo Brasileiro S.A.- Petrobras ( PBR ) is +0.22 at $4.33, with 450,563 shares traded. PBR's current last sale is 108.25% of the target price of $4.
Banc of California, Inc. ( BANC ) is -1.38 at $14.39, with 393,455 shares traded. BANC's current last sale is 88.55% of the target price of $16.25.
Intel Corporation ( INTC ) is +0.76 at $31.30, with 218,256 shares traded. As reported by Zacks, the current mean recommendation for INTC is in the "buy range".
region ( TVIX ) is +0.12 at $7.15, with 183,253 shares traded. This represents a 34.65% increase from its 52 Week Low.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.14 at $105.69, with 87,806 shares traded. This represents a 24.72% increase from its 52 Week Low.
Ctrip.com International, Ltd. ( CTRP ) is unchanged at $40.50, with 76,100 shares traded. As reported by Zacks, the current mean recommendation for CTRP is in the "buy range".
region ( XIV ) is -0.1 at $20.75, with 64,519 shares traded. This represents a 35.09% increase from its 52 Week Low.
Facebook, Inc. ( FB ) is -0.05 at $109.90, with 62,674 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The following are the most active stocks for the pre-market session : Ambev S.A. ( ABEV ) is +0.07 at $4.72, with 900,300 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Korea Electric Power Corporation ( KEP ) is -0.7252 at $23.82, with 638,538 shares traded., following a 52-week high recorded in prior regular session. | As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The following are the most active stocks for the pre-market session : Ambev S.A. ( ABEV ) is +0.07 at $4.72, with 900,300 shares traded. | The following are the most active stocks for the pre-market session : Ambev S.A. ( ABEV ) is +0.07 at $4.72, with 900,300 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Banc of California, Inc. ( BANC ) is -1.38 at $14.39, with 393,455 shares traded. | The following are the most active stocks for the pre-market session : Ambev S.A. ( ABEV ) is +0.07 at $4.72, with 900,300 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The NASDAQ 100 Pre-Market Indicator is down -2.15 to 4,332.24. |
28402.0 | 2016-03-01 00:00:00 UTC | Tuesday's ETF Movers: ECON, XOP | ABEV | https://www.nasdaq.com/articles/tuesdays-etf-movers-econ-xop-2016-03-01 | nan | nan | In trading on Tuesday, the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF ( ECON ) is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Tata Motors ( TTM ), up about 5.8% and shares of Ambev ( ABEV ), up about 3.1% on the day.
And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ), down about 1.6% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Ultra Petroleum ( UPL ), lower by about 24.8%, and shares of SM Energy (SM), lower by about 7.6% on the day.
VIDEO: Tuesday's ETF Movers: ECON, XOP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Tata Motors ( TTM ), up about 5.8% and shares of Ambev ( ABEV ), up about 3.1% on the day. In trading on Tuesday, the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF ( ECON ) is outperforming other ETFs, up about 2.6% on the day. Among components of that ETF with the weakest showing on Tuesday were shares of Ultra Petroleum ( UPL ), lower by about 24.8%, and shares of SM Energy (SM), lower by about 7.6% on the day. | Components of that ETF showing particular strength include shares of Tata Motors ( TTM ), up about 5.8% and shares of Ambev ( ABEV ), up about 3.1% on the day. Among components of that ETF with the weakest showing on Tuesday were shares of Ultra Petroleum ( UPL ), lower by about 24.8%, and shares of SM Energy (SM), lower by about 7.6% on the day. VIDEO: Tuesday's ETF Movers: ECON, XOP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Tata Motors ( TTM ), up about 5.8% and shares of Ambev ( ABEV ), up about 3.1% on the day. In trading on Tuesday, the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF ( ECON ) is outperforming other ETFs, up about 2.6% on the day. Among components of that ETF with the weakest showing on Tuesday were shares of Ultra Petroleum ( UPL ), lower by about 24.8%, and shares of SM Energy (SM), lower by about 7.6% on the day. | Components of that ETF showing particular strength include shares of Tata Motors ( TTM ), up about 5.8% and shares of Ambev ( ABEV ), up about 3.1% on the day. In trading on Tuesday, the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF ( ECON ) is outperforming other ETFs, up about 2.6% on the day. And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ), down about 1.6% in Tuesday afternoon trading. |
28403.0 | 2016-02-26 00:00:00 UTC | Should You Add BRIC Stocks To Your Portfolio? | ABEV | https://www.nasdaq.com/articles/should-you-add-bric-stocks-your-portfolio-2016-02-26 | nan | nan | The stock markets around the globe are in a tizzy, sensitivity levels are high, resulting in investors reacting to every piece of news. There is lack of direction as some questions remain unanswered: where is crude oil heading, how exposed are the banks to the energy sector, is China really slowing, and many more. However, amid all the chaos, there lies an opportunity to slowly pick stocks and funds which looked too expensive until recently and are now available on discount.
As investors look around, some may want to consider BRIC countries. The popular acronym was coined by Jim O’Neill in 2001, which identified Brazil, Russia, India and China as economies which would be a major force in the world economy by 2050. The dynamism in the financial world doesn’t allow things to be the same forever, as economic and commodity cycles play their part and disrupt the patterns of growth. While similar disruptions have struck the original BRIC economies, we analyze if they offer some value in the present times.
Brazil
Brazil, the largest economy in Latin America and the seventh in the world, is trapped in recession, struggling with multiple problems. Brazil grew at an average pace of 4.5% during 2006-10, moderating to 2.8% over 2011-13, and dropping to 0.1% in 2014. Brazil’s economic problems triggered by falling commodity prices coupled with corruption and political uncertainty, have damaged the investment atmosphere and confidence in the economy. With lack of reforms, stubbornly high inflation and interest rates, the economic contraction experienced in 2015 will continue in 2016 before 2017 brings sound rebound as per IMF.
While the Brazilian economy is weighted down with compounded factors, it still offers some good stocks and exchange traded funds to investors. Some companies that trade as American Depository Receipts on U.S. bourses are:
Ambev S.A. (ABEV)
Itau Unibanco Holding (ITUB)
Banco Bradesco (BBD) Finance
Vale S.A. (VALE)
Telefonica Brasil (VIV)
Ultrapar Participacoes (UGP)
TIM Participacoes (TSU)
Some ETFs tracking the Brazilian stock markets:
iShares MSCI Brazil Capped ETF (EWZ)
Global X Brazil Mid Cap ETF (BRAZ)
Deutsche X-Trackers MSCI Brazil Hedged Equity ETF (DBBR)
ProShares UltraShort MSCI Brazil Capped ETF (BZQ)
Market Vectors Brazil Small-Cap ETF (BRF)
The Brazilian stock markets, represented by the Ibovespa Brasil Sao Paulo Stock Exchange Index, fell by 13.31% in 2015 and are down by 3.37% year-to-date in 2016. While the individual performance of stocks and ETFs hasn’t been bad, investors need to tread cautiously in these markets, given the economic chaos within and outside Brazil.
Russia
Russia is no better, its economy has been deeply impacted by the tumbling oil prices, with the situation deteriorating amid western sanctions following the annexation of Crimea. The economy evaded contraction in 2014 with a 0.6% growth but 2015 hammered it down further, resulting in a contract of 3.7%. IMF projects its economy to contract by 1% in 2016, before growing by around 1% next year.
The Russian stock markets fell by a huge 43% in 2014 made its valuations attractive and investors looked to embrace the stocks in 2015, helping the markets to restrict the fall to 4.26% during the year. The Russian markets are down by 1.52% year-to-date in 2016. While some of biggest energy sector and defense sector companies belong to Russia, most stocks trade in U.S. over-the-counter. Few stocks like Mechel OAO (MTL) and Mobile TeleSystems OJSC (MBT) are available on prominent U.S. stock exchanges. Some of the popular ETFs with Russian exposure are:
Market Vectors TR Russia ETF (RSX)
SPDR S&P Russia ETF (RBL)
iShares MSCI Russia Capped ETF (ERUS)
Market Vectors Russia Small-Cap ETF (RSXJ)
While the Russian markets are trading at a discount, they are for investors with high risk appetite and experience, given the unpredictability in the geopolitical scenario and economic conditions.
India
India is often referred to as the “sweet spot” amid a scenario of global economic turmoil, but the speed at which its stock markets fallen since their peak in 2015 has rattled investors. While some factors at home, like delay in reforms and passing of essential bills in the parliament, has affected investors’ confidence, its mainly theglobal marketwoes which have spoiled the party. The markets have been tracking the global cues in an amplified way, causing Sensex to fall by over 11% year-to-date following a robust 29.89% rise in 2014 and a fall by 4.87% in 2015.
Given the intactness of India's broader economic parameters, this is a buying opportunity for investors. The factors which favor India are its domestic consumption, less dependence on commodity prices and China’s slowdown vis-à-vis others, initiatives like “Make in India” by the Modi-led government, predictions of robust growth by IMF (7.5% in 2016 and 2017), its status as a preferred foreign direct investment destination, and political stability.
Some of the best Indian companies’ trade in the U.S. as ADRs which can be considered by investors or they can access the Indian markets via exchange traded funds. The popular ETFs are:
PowerShares India Portfolio (PIN)
Market Vectors India Small-Cap Fund (SCIF)
EGShares India Consumer ETF (INCO)
EGShares India Infrastructure Index Fund (INXX)
S&P India Nifty Fifty Index Fund (INDY)
India Earnings Fund (EPI)
Still, these funds have fallen in the range of 10%-20% year-to-date.
Historically, the Indian markets are quick to bounce back when the sentiments turn positive. While that happens, investors should make use of the opportunity provided by an amplified negative reaction to diversify outside the home markets.
China
It won’t be wrong to blame the melt-up and melt-down in China’s stock markets as a major part of the turmoil in the financial markets around the globe. The anxiety caused by the free-fall in the Chinese markets was accentuated by the fear of slowdown in the Chinese economy, suspected manipulations with yuan and less transparency, creating a snowball effect.
China reported the slowest growth in 25 years as its economy grew by 6.9% during 2015. The Chinese economy is projected to grow at 6.3% in 2016 and by 6.0% in the subsequent year by IMF. The Chinese economy is going through a transition, adjusting to a more sustainable growth level for the times to come. Despite current issues, the outlook for China remains positive.
The Chinese stock markets had a fantastic 2014, rising 52.87% followed by chaotic 2015, ending up in a 9.41% rise for the year. The Shanghai stock market index is down by almost 22% year-to-date. The current market fall has made these markets more attractive but investors should advance with caution towards mainland.
The safest bet is to select fundamentally good stocks trading on U.S. exchanges as ADRs or add a flavor of exchange traded funds providing a gateway to mainland. Some of the popular stocks from mainland trading as ADRs are:
Alibaba Group Holdings Limited (BABA)
Baidu, Inc. (BIDU)
Tencent Holdings Limited (TCEHY)
NetEase, Inc. (NTES)
While some the popular ETFs are:
iShares China Large-Cap ETF (FXI)
iShares MSCI China ETF (MCHI)
SPDR S&P China ETF (GXC)
Global X China Consumer ETF (CHIQ)
Market Vectors China AMC A-Share ETF (PEK)
Global X China Financial ETF (CHIX)
Final Word
Stock markets continue to be volatile, thanks to news particularly related to oil, China and banking sector. In such a challenging and dynamic market situation, investors need to hold their nerves, contain fear and take advantage of any opportunity that presents itself. However, don’t rush, because the discount sale is likely to last a bit longer, be selective and add quality stocks and funds to your shopping bag in a gradual manner.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some companies that trade as American Depository Receipts on U.S. bourses are: Ambev S.A. (ABEV) Itau Unibanco Holding (ITUB) Banco Bradesco (BBD) Finance Vale S.A. (VALE) Telefonica Brasil (VIV) Ultrapar Participacoes (UGP) TIM Participacoes (TSU) Some ETFs tracking the Brazilian stock markets: iShares MSCI Brazil Capped ETF (EWZ) Global X Brazil Mid Cap ETF (BRAZ) Deutsche X-Trackers MSCI Brazil Hedged Equity ETF (DBBR) ProShares UltraShort MSCI Brazil Capped ETF (BZQ) Market Vectors Brazil Small-Cap ETF (BRF) The Brazilian stock markets, represented by the Ibovespa Brasil Sao Paulo Stock Exchange Index, fell by 13.31% in 2015 and are down by 3.37% year-to-date in 2016. Brazil’s economic problems triggered by falling commodity prices coupled with corruption and political uncertainty, have damaged the investment atmosphere and confidence in the economy. While some factors at home, like delay in reforms and passing of essential bills in the parliament, has affected investors’ confidence, its mainly theglobal marketwoes which have spoiled the party. | Some companies that trade as American Depository Receipts on U.S. bourses are: Ambev S.A. (ABEV) Itau Unibanco Holding (ITUB) Banco Bradesco (BBD) Finance Vale S.A. (VALE) Telefonica Brasil (VIV) Ultrapar Participacoes (UGP) TIM Participacoes (TSU) Some ETFs tracking the Brazilian stock markets: iShares MSCI Brazil Capped ETF (EWZ) Global X Brazil Mid Cap ETF (BRAZ) Deutsche X-Trackers MSCI Brazil Hedged Equity ETF (DBBR) ProShares UltraShort MSCI Brazil Capped ETF (BZQ) Market Vectors Brazil Small-Cap ETF (BRF) The Brazilian stock markets, represented by the Ibovespa Brasil Sao Paulo Stock Exchange Index, fell by 13.31% in 2015 and are down by 3.37% year-to-date in 2016. Some of the popular ETFs with Russian exposure are: Market Vectors TR Russia ETF (RSX) SPDR S&P Russia ETF (RBL) iShares MSCI Russia Capped ETF (ERUS) Market Vectors Russia Small-Cap ETF (RSXJ) While the Russian markets are trading at a discount, they are for investors with high risk appetite and experience, given the unpredictability in the geopolitical scenario and economic conditions. Some of the popular stocks from mainland trading as ADRs are: Alibaba Group Holdings Limited (BABA) Baidu, Inc. (BIDU) Tencent Holdings Limited (TCEHY) NetEase, Inc. (NTES) While some the popular ETFs are: iShares China Large-Cap ETF (FXI) iShares MSCI China ETF (MCHI) SPDR S&P China ETF (GXC) Global X China Consumer ETF (CHIQ) Market Vectors China AMC A-Share ETF (PEK) Global X China Financial ETF (CHIX) Final Word Stock markets continue to be volatile, thanks to news particularly related to oil, China and banking sector. | Some companies that trade as American Depository Receipts on U.S. bourses are: Ambev S.A. (ABEV) Itau Unibanco Holding (ITUB) Banco Bradesco (BBD) Finance Vale S.A. (VALE) Telefonica Brasil (VIV) Ultrapar Participacoes (UGP) TIM Participacoes (TSU) Some ETFs tracking the Brazilian stock markets: iShares MSCI Brazil Capped ETF (EWZ) Global X Brazil Mid Cap ETF (BRAZ) Deutsche X-Trackers MSCI Brazil Hedged Equity ETF (DBBR) ProShares UltraShort MSCI Brazil Capped ETF (BZQ) Market Vectors Brazil Small-Cap ETF (BRF) The Brazilian stock markets, represented by the Ibovespa Brasil Sao Paulo Stock Exchange Index, fell by 13.31% in 2015 and are down by 3.37% year-to-date in 2016. Some of the popular ETFs with Russian exposure are: Market Vectors TR Russia ETF (RSX) SPDR S&P Russia ETF (RBL) iShares MSCI Russia Capped ETF (ERUS) Market Vectors Russia Small-Cap ETF (RSXJ) While the Russian markets are trading at a discount, they are for investors with high risk appetite and experience, given the unpredictability in the geopolitical scenario and economic conditions. Some of the popular stocks from mainland trading as ADRs are: Alibaba Group Holdings Limited (BABA) Baidu, Inc. (BIDU) Tencent Holdings Limited (TCEHY) NetEase, Inc. (NTES) While some the popular ETFs are: iShares China Large-Cap ETF (FXI) iShares MSCI China ETF (MCHI) SPDR S&P China ETF (GXC) Global X China Consumer ETF (CHIQ) Market Vectors China AMC A-Share ETF (PEK) Global X China Financial ETF (CHIX) Final Word Stock markets continue to be volatile, thanks to news particularly related to oil, China and banking sector. | Some companies that trade as American Depository Receipts on U.S. bourses are: Ambev S.A. (ABEV) Itau Unibanco Holding (ITUB) Banco Bradesco (BBD) Finance Vale S.A. (VALE) Telefonica Brasil (VIV) Ultrapar Participacoes (UGP) TIM Participacoes (TSU) Some ETFs tracking the Brazilian stock markets: iShares MSCI Brazil Capped ETF (EWZ) Global X Brazil Mid Cap ETF (BRAZ) Deutsche X-Trackers MSCI Brazil Hedged Equity ETF (DBBR) ProShares UltraShort MSCI Brazil Capped ETF (BZQ) Market Vectors Brazil Small-Cap ETF (BRF) The Brazilian stock markets, represented by the Ibovespa Brasil Sao Paulo Stock Exchange Index, fell by 13.31% in 2015 and are down by 3.37% year-to-date in 2016. Some of the popular ETFs with Russian exposure are: Market Vectors TR Russia ETF (RSX) SPDR S&P Russia ETF (RBL) iShares MSCI Russia Capped ETF (ERUS) Market Vectors Russia Small-Cap ETF (RSXJ) While the Russian markets are trading at a discount, they are for investors with high risk appetite and experience, given the unpredictability in the geopolitical scenario and economic conditions. The popular ETFs are: PowerShares India Portfolio (PIN) Market Vectors India Small-Cap Fund (SCIF) EGShares India Consumer ETF (INCO) EGShares India Infrastructure Index Fund (INXX) S&P India Nifty Fifty Index Fund (INDY) India Earnings Fund (EPI) Still, these funds have fallen in the range of 10%-20% year-to-date. |
28404.0 | 2016-01-29 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for February 01, 2016 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-february-01-2016-2016-01-29 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on February 01, 2016. A cash dividend payment of $0.027345 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment.
The previous trading day's last sale of ABEV was $4.4, representing a -35.58% decrease from the 52 week high of $6.83 and a 13.99% increase over the 52 week low of $3.86.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Anheuser-Busch Inbev SA ( BUD ) and Coca-Cola Company ( KO ). ABEV's current earnings per share, an indicator of a company's profitability, is $.26. Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as -2.78%, compared to an industry average of -.1%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
iShares Latin America 40 ETF ( ILF )
EGShares Emerging Markets Consumer ETF ( ECON )
EGShares Emerging Markets Domestic Demand ETF ( EMDD )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ).
The top-performing ETF of this group is ADRE with an decrease of -11.01% over the last 100 days. ILF has the highest percent weighting of ABEV at 6.99%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as -2.78%, compared to an industry average of -.1%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? | The following ETF(s) have ABEV as a top-10 holding: iShares Latin America 40 ETF ( ILF ) EGShares Emerging Markets Consumer ETF ( ECON ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) will begin trading ex-dividend on February 01, 2016. | A cash dividend payment of $0.027345 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABEV was $4.4, representing a -35.58% decrease from the 52 week high of $6.83 and a 13.99% increase over the 52 week low of $3.86. The following ETF(s) have ABEV as a top-10 holding: iShares Latin America 40 ETF ( ILF ) EGShares Emerging Markets Consumer ETF ( ECON ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). | A cash dividend payment of $0.027345 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABEV as a top-10 holding: iShares Latin America 40 ETF ( ILF ) EGShares Emerging Markets Consumer ETF ( ECON ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). Ambev S.A. ( ABEV ) will begin trading ex-dividend on February 01, 2016. |
28405.0 | 2016-01-27 00:00:00 UTC | 8 Best Cheap Stocks Under $8 to Buy Now | ABEV | https://www.nasdaq.com/articles/8-best-cheap-stocks-under-8-buy-now-2016-01-27 | nan | nan | By Jeff Reeves, Executive Editor of InvestorPlace.com
The good thing about a market downturn is that cheap stocks are plentiful thanks to plummeting stock prices. But how do you separate the best cheap stocks to buy now from the bad companies that have been declining for good reason?
It starts with an objective look at the market at large, and the understanding that share price alone is only one factor. Even if you only have a small amount of cash and feel cheap stocks are your best bet, you shouldn’t simply screen for the lowest prices on Wall Street and then buy those names.
Instead you need to consider whether the company pays a dividend, whether it’s trading at a deep discount to future earnings potential and whether or not the broader economic picture points to possible success.
There’s no way to know for certain which cheap stocks to buy now and which ones to ignore, so you should always do your own research. Additionally, it’s important to note that many cheap stocks are also smaller and more volatile names — so big swings should be expected, and these investments should not be the foundation of your portfolio.
PLUS: 3 Dow Jones Stocks to Buy While They’re Cheap
But if you’re looking for the best cheap stocks to buy now, here are a few ideas all trading under $8 per share currently.
Supervalu Inc. (SVU)
Price as of 1/25: ~$4.15
Supervalu Inc. (SVU) has not been immune to the market turmoil as of late, with negative sentiment overall coupling up with a poor earnings report to result in a massive 40% plunge over the last three months.
But the earnings report wasn’t as bad as investors made it out to be, and panic and short selling has now pushed this grocery store operator well below fair value. That makes SVU one of the best cheap stocks to buy now.
For starters, let’s talk earnings. Yes, its 16 cents in EPS was a double-digit decline over the previous year, but that figure was actually in line with estimates. The top line also declined slightly, less than 1%, So it’s not the end of the world. Furthermore, estimates put total FY2016 earnings at 72 cents per share — meaning SVU trades for a forward price-to-earnings ratio of less than 6 right now!
To top it off, Supervalu just filed to spin off its Save-A-Lot brand to rejuvenate operations and unlock shareholder value. Save-A-Lot is a low-priced retailer that is actually more akin to a Dollar Tree (DLTR) than a true grocery store, and it is a good idea to treat these businesses differently and manage them separately to maximize returns.
I won’t pretend that grocery stores are sexy or that there’s big growth here. But there is value in Supervalue given its current pricing and scale. The market is not fairly valuing this stock, and a peak in short interest shows that there may be big squeeze potential here now that it will take seven full days of trading to cover the shorts and their 19.5 million shares.
Ambev SA (ADR) (ABEV)
Price as of 1/25: ~$4.10
Ambev SA (ADR) (ABEV) is a Brazilian beverage giant that makes beer and soft drinks for sale across South America. Obviously it hasn’t been a great time to be an investor in Brazil, with the popular iShares MSCI Brazil ETF (EWZ) off about 60% in the last year and the nation on pace to enter its worst recession in more than 100 years. But as a consumer staples play, there is a modicum of stability in Ambev — and as a victim of a flight from this emerging market, ABEV stock has been grossly oversold and is one of the best cheap stocks in the world at this moment.
Consider AmBev has a forward P/E of less than 16 right now, compared with 20 or so for other similar consumer staples plays like Coca-Cola (KO). Also, Ambev short interest soared from about 16 million shares at the end of the year to 23 million as of the most recent data — hinting at big short-squeeze potential when the dust settles.
And keep in mind, Thomson Reuters is tracking six analyst recommendations on the stock, and the lowest price target of any of them is almost 15% higher than current levels.
Heck, Ambev even pays a nice dividend of about 4% based on its last two quarterly payouts of 4 cents a share, which comes to a sustainable 64% of total profits.
This isn’t a slam dunk, but the low-risk nature of this staples play and the decent dividend make it one of the few cheap stocks to buy now that isn’t an overly aggressive call or a grab for a falling knife.
Yamana Gold Inc. (USA) (AUY)
Price as of 1/25: ~$1.55
Yamana Gold Inc. (USA) (AUY) is a gold miner that has lost some of its luster in the last two years as precious metal prices have headed south. However, Yamana is one of the best stocks to buy right now as investors look to the safety of gold instead of equities — and thanks to a great job at reducing operational and capital costs as gold has slumped, it remains well-positioned to profit now that it is right-sized for the current environment.
After hovering on the edge of profitability for 2015, Yamana is hoping to get out of the red in 2016. That all depends on the movement of precious metal prices; however, a 5% rally for gold since the beginning of December bodes well for AUY and its shareholders.
And keep in mind, the company pays a nice 4% dividend too. But since this is one of those cheap stocks that we all love, it doesn’t take a lot of payout to get that yield — just 1.5 cents quarterly – and it will take only a slim amount of profits to cover that payout and allow for increases down the road.
Gold prices may flatline or even fall further, sure. But given the negativity in the stock market and the negativity also baked into Yamana Gold, it’s unlikely this cheap stock will see much more pressure in 2016.
Volatility is to be expected, such as when shares went from $1.50 in September to $2.50 in October, then back down to $1.80 by November … so be prepared to pull the trigger quickly if you buy in.
Renren Inc (RENN)
Price as of 1/25: ~$3.25
I know, at first blush, Renren Inc (RENN) is tailor-made for misery.
It’s a Chinese stock, for one. That’s enough to give anyone the willies these days.
It’s also a once-sexy social media name that has been written off as a fad. Touted as China’s Facebook (FB), RENN pulled off a successful 2011 IPO only to crash and burn some 80% from its peak in those early days of trading.
But there are signs of life at Renren. Yes, the company has seen revenue declines and is operating at a loss. However, the company has a 25% stake in SoFi — a U.S. based “fintech” firm that operates as a marketplace for refinancing student loans and mortgages. SoFi just raised $1 billion in private funding, and is rumored to be looking at an IPO.
While the market is choppy, estimates last fall put the valuation of SoFi at some $1.5 billion to $2 billion and rising – meaning $500 million of the current $750 million or so valuation of Renren is accounted for in SoFi alone.
Sure, Renren is troubled, but we’ve been down this road before with Yahoo (YHOO) and Alibaba (BABA). The core business of Yahoo was bad — and, indeed still is — but Yahoo’s commensurate pop based on its stake in the Asian Internet giant resulted in shares of YHOO roughly doubling in 2013.
SoFi may not be as sexy as Alibaba, and cheap stocks in China are naturally high-risk. But the math tends to add up for RENN stock right now.
Ruby Tuesday, Inc. (RT)
Price as of 1/25: ~$5.50
Ruby Tuesday, Inc. (RT) is one of those in-between restaurants that has been pinched by the “fast casual” craze of the last decade or so. While the menu is decent and the bar is always stocked, folks tend to either go upscale to something a bit nicer or downscale to the cheap and easy alternatives like Chipotle (CMG) or Panera (PNRA).
But this risk aside, there are reasons to like RT stock right now between $5 and $6 per share.
The forward P/E of this restaurant stock is less than 10, and furthermore earnings are actually on pace to grow by roughly 50% from 11 cents a share to 18 next fiscal year as revenue holds steady.
Yes, the company did just report a loss a week or so ago, but it was narrower than expected and same-store sales actually were up 0.8% for the second consecutive quarter of modest growth.
Doing more with less isn’t necessarily a multiyear plan for success, but it can result in a nice swing trade for those looking at cheap stocks that are distressed right now — and trading at bargain levels.
And added bonus is that Ruby Tuesday is almost wholly American with its 730 locations. That keeps RT insulated from the pain of a strong dollar that is taking a bite out of earnings for multinational restaurant chains such as McDonald’s (MCD) and Yum Brands (YUM).
American consumers look strong as the job market mends and gas prices remain low, so I think there’s reason to be optimistic in RT stock for the rest of 2016 given the attractive valuation and the success that management has had keeping costs down to power earnings growth.
Sirius XM Holdings Inc. (SIRI)
Price as of 1/25: ~$3.70
Satellite radio provider Sirius XM Holdings Inc. (SIRI) always seems to make these lists of the best cheap stocks to buy, since it has been trading in the single digits for many years. But an objective look at SIRI shows that the stock isn’t just likable because of its cult status or previous performance.
This summer, SIRI put up strong earnings that show it’s a pretty good bet regardless of what the nominal share price is — including a record level of subscribers. The company followed that up with impressive Q3 numbers in October, fueled by more than $550 million in buybacks to lift earnings.
That bodes well for Q4 numbers in the first week of February, which could be a catalyst to send this cheap stock higher.
Another five-year deal for anchor Howard Stern also lends a bit of stability to the stock now that it’s operating consistently in the black.
As one of the highest-profile cheap stocks on Wall Street, expect sentiment to oscillate and volatility to reign for Sirius XM regardless of the headlines or the market environment. But over time, SIRI stock should certainly be trending higher based on the recent history of strong earnings reports.
Vonage Holdings Corp. (VG)
Price as of 1/25: ~$5.05
Vonage Holdings Corp. (VG) is that quirky company that allows cheap phone calls to be made over your internet connection — a great idea, but one that has never managed to attain critical mass despite the digital age we live in.
But that could change in 2016.
CEO Alan Maserek joined the company a little over a year ago from Alphabet (GOOG, GOOGL), or what was still Google back then. His previous company QuickOffice was acquired by Google/Alphabet/whatever, so that in itself is a great sign Vonage could be an acquisition target.
Furthermore, VG is not a fad but a viable business that is posting consistent profits. Plus, it’s only trading for about 16 times forward profits and continues to grow modestly year-over-year. Even if it’s not acquired, then, this is one of the best cheap stocks out there simply by virtue of operating in the black and growing steadily over time instead of being just a speculative small cap running on hope alone.
Furthermore, Vonage has made a wide strategic decision to move beyond consumer-focused marketing and is committing nearly its entire operation to enterprise contracts for the corporate space. This is incredibly wise because many consumers may not have the technical understanding or the high-speed Internet connection necessary for Vonage … while plenty of small businesses do.
That approach is paying off, too, with business revenue soaring 134% year-over-year in Vonage’s November earnings report. A similar showing could spark a move higher in February when this cheap stock reports next.
ICICI Bank Ltd (ADR) (IBN)
Price as of 1/25: ~$7.00
ICICI Bank Ltd (ADR) (IBN) may be the most aggressive of the cheap stocks on this list, because it is a bank in India that faces serious uncertainty in 2016.
However, it also could offer the biggest potential rewards.
On the plus side, India is hoping for a 9% growth rate in GDP — the fastest in the world, and a simply amazing figure giving the slowdown in China and troubles elsewhere around the globe. As one of the largest banks in the region, ICICI will naturally benefit if that growth spurs consumer and business lending.
However, the high hopes of 2015 ran into a snag thanks to commodity pressures and a particularly troublesome monsoon season … and after IBN stock had been pricing in that success, doubling from about $6 in early 2014 to almost $13 at the start of 2015, it has once again been beaten down to the $6 range as high expectations weren’t met.
Volatility is the norm in emerging markets, and India is no different. Playing a cyclical stock like ICICI means that you live and die by the broader economic picture, so investors need to be wary.
However, if India does turn out to be the only bright spot in the world and manages to approach that promised 9% growth rate … well, this may not only be one of the best cheap stocks to buy now, but one of the best stocks anywhere at any price.
Jeff Reeves is the editor of InvestorPlace.com and the author of The Frugal Investor’s Guide to Finding Great Stocks. Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP. As of this writing, he did not hold a position in any of the aforementioned securities.
This article was originally published on InvestorPlace Media.
Plus:
Make the Stores Pay YOU – 3 Retail Stocks to Buy for the Dividends
Top 10 S&P 500 Dividend Stocks for January
5 Gold and Silver Stocks to Buy
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev SA (ADR) (ABEV) Price as of 1/25: ~$4.10 Ambev SA (ADR) (ABEV) is a Brazilian beverage giant that makes beer and soft drinks for sale across South America. But as a consumer staples play, there is a modicum of stability in Ambev — and as a victim of a flight from this emerging market, ABEV stock has been grossly oversold and is one of the best cheap stocks in the world at this moment. Save-A-Lot is a low-priced retailer that is actually more akin to a Dollar Tree (DLTR) than a true grocery store, and it is a good idea to treat these businesses differently and manage them separately to maximize returns. | Ambev SA (ADR) (ABEV) Price as of 1/25: ~$4.10 Ambev SA (ADR) (ABEV) is a Brazilian beverage giant that makes beer and soft drinks for sale across South America. But as a consumer staples play, there is a modicum of stability in Ambev — and as a victim of a flight from this emerging market, ABEV stock has been grossly oversold and is one of the best cheap stocks in the world at this moment. Vonage Holdings Corp. (VG) Price as of 1/25: ~$5.05 Vonage Holdings Corp. (VG) is that quirky company that allows cheap phone calls to be made over your internet connection — a great idea, but one that has never managed to attain critical mass despite the digital age we live in. | Ambev SA (ADR) (ABEV) Price as of 1/25: ~$4.10 Ambev SA (ADR) (ABEV) is a Brazilian beverage giant that makes beer and soft drinks for sale across South America. But as a consumer staples play, there is a modicum of stability in Ambev — and as a victim of a flight from this emerging market, ABEV stock has been grossly oversold and is one of the best cheap stocks in the world at this moment. PLUS: 3 Dow Jones Stocks to Buy While They’re Cheap But if you’re looking for the best cheap stocks to buy now, here are a few ideas all trading under $8 per share currently. | Ambev SA (ADR) (ABEV) Price as of 1/25: ~$4.10 Ambev SA (ADR) (ABEV) is a Brazilian beverage giant that makes beer and soft drinks for sale across South America. But as a consumer staples play, there is a modicum of stability in Ambev — and as a victim of a flight from this emerging market, ABEV stock has been grossly oversold and is one of the best cheap stocks in the world at this moment. But how do you separate the best cheap stocks to buy now from the bad companies that have been declining for good reason? |
28406.0 | 2016-01-05 00:00:00 UTC | Tuesday's ETF with Unusual Volume: KXI | ABEV | https://www.nasdaq.com/articles/tuesdays-etf-unusual-volume-kxi-2016-01-05 | nan | nan | The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Tuesday, with over 612,000 shares traded versus three month average volume of about 34,000. Shares of KXI were trading flat on the day.
Components of that ETF with the highest volume on Tuesday were Ambev ( ABEV ), trading up about 1.2% with over 13.8 million shares changing hands so far this session, and Coca-Cola ( KO ), trading flat on volume of over 7.7 million shares. Cencosud ( CNCO ) is the component faring the best Tuesday, higher by about 5.4% on the day, while Coca-Cola Enterprises ( CCE ) is lagging other components of the iShares Global Consumer Staples ETF, trading lower by about 2.2%.
VIDEO: Tuesday's ETF with Unusual Volume: KXI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Tuesday were Ambev ( ABEV ), trading up about 1.2% with over 13.8 million shares changing hands so far this session, and Coca-Cola ( KO ), trading flat on volume of over 7.7 million shares. The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Tuesday, with over 612,000 shares traded versus three month average volume of about 34,000. Cencosud ( CNCO ) is the component faring the best Tuesday, higher by about 5.4% on the day, while Coca-Cola Enterprises ( CCE ) is lagging other components of the iShares Global Consumer Staples ETF, trading lower by about 2.2%. | Components of that ETF with the highest volume on Tuesday were Ambev ( ABEV ), trading up about 1.2% with over 13.8 million shares changing hands so far this session, and Coca-Cola ( KO ), trading flat on volume of over 7.7 million shares. The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Tuesday, with over 612,000 shares traded versus three month average volume of about 34,000. Cencosud ( CNCO ) is the component faring the best Tuesday, higher by about 5.4% on the day, while Coca-Cola Enterprises ( CCE ) is lagging other components of the iShares Global Consumer Staples ETF, trading lower by about 2.2%. | Components of that ETF with the highest volume on Tuesday were Ambev ( ABEV ), trading up about 1.2% with over 13.8 million shares changing hands so far this session, and Coca-Cola ( KO ), trading flat on volume of over 7.7 million shares. The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Tuesday, with over 612,000 shares traded versus three month average volume of about 34,000. VIDEO: Tuesday's ETF with Unusual Volume: KXI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Tuesday were Ambev ( ABEV ), trading up about 1.2% with over 13.8 million shares changing hands so far this session, and Coca-Cola ( KO ), trading flat on volume of over 7.7 million shares. The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Tuesday, with over 612,000 shares traded versus three month average volume of about 34,000. Shares of KXI were trading flat on the day. |
28407.0 | 2015-12-28 00:00:00 UTC | Monday's ETF Movers: ILF, XOP | ABEV | https://www.nasdaq.com/articles/mondays-etf-movers-ilf-xop-2015-12-28 | nan | nan | In trading on Monday, the iShares Latin America 40 ETF ( ILF ) is outperforming other ETFs, up about 0.3% on the day. Components of that ETF showing particular strength include shares of Ambev ( ABEV ), up about 2.2% and shares of Banco Bradesco ( BBD ), up about 2.1% on the day.
And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ), off about 3.7% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Whiting Petroleum ( WLL ), lower by about 11.7%, and shares of California Resources (CRC), lower by about 9.9% on the day.
VIDEO: Monday's ETF Movers: ILF, XOP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Ambev ( ABEV ), up about 2.2% and shares of Banco Bradesco ( BBD ), up about 2.1% on the day. Among components of that ETF with the weakest showing on Monday were shares of Whiting Petroleum ( WLL ), lower by about 11.7%, and shares of California Resources (CRC), lower by about 9.9% on the day. VIDEO: Monday's ETF Movers: ILF, XOP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Ambev ( ABEV ), up about 2.2% and shares of Banco Bradesco ( BBD ), up about 2.1% on the day. Among components of that ETF with the weakest showing on Monday were shares of Whiting Petroleum ( WLL ), lower by about 11.7%, and shares of California Resources (CRC), lower by about 9.9% on the day. VIDEO: Monday's ETF Movers: ILF, XOP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Ambev ( ABEV ), up about 2.2% and shares of Banco Bradesco ( BBD ), up about 2.1% on the day. In trading on Monday, the iShares Latin America 40 ETF ( ILF ) is outperforming other ETFs, up about 0.3% on the day. Among components of that ETF with the weakest showing on Monday were shares of Whiting Petroleum ( WLL ), lower by about 11.7%, and shares of California Resources (CRC), lower by about 9.9% on the day. | Components of that ETF showing particular strength include shares of Ambev ( ABEV ), up about 2.2% and shares of Banco Bradesco ( BBD ), up about 2.1% on the day. In trading on Monday, the iShares Latin America 40 ETF ( ILF ) is outperforming other ETFs, up about 0.3% on the day. And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ), off about 3.7% in Monday afternoon trading. |
28408.0 | 2015-12-23 00:00:00 UTC | Wednesday's ETF with Unusual Volume: EMDD | ABEV | https://www.nasdaq.com/articles/wednesdays-etf-unusual-volume-emdd-2015-12-23 | nan | nan | The EGShares S&P Emerging Markets Domestic Demand ETF ( EMDD ) is seeing unusually high volume in afternoon trading Wednesday, with over 95,000 shares traded versus three month average volume of about 28,000. Shares of EMDD were up about 0.5% on the day.
Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading up about 0.6% with over 7.6 million shares changing hands so far this session, and JD.com ( JD ), up about 0.4% on volume of over 3.2 million shares. Philippine Long Distance Telephone ( PHI ) is the component faring the best Wednesday, up by about 2.2% on the day, while Fomento Econmico Mexicano ( FMX ) is lagging other components of the EGShares S&P Emerging Markets Domestic Demand ETF, trading lower by about 1.7%.
VIDEO: Wednesday's ETF with Unusual Volume: EMDD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading up about 0.6% with over 7.6 million shares changing hands so far this session, and JD.com ( JD ), up about 0.4% on volume of over 3.2 million shares. The EGShares S&P Emerging Markets Domestic Demand ETF ( EMDD ) is seeing unusually high volume in afternoon trading Wednesday, with over 95,000 shares traded versus three month average volume of about 28,000. Philippine Long Distance Telephone ( PHI ) is the component faring the best Wednesday, up by about 2.2% on the day, while Fomento Econmico Mexicano ( FMX ) is lagging other components of the EGShares S&P Emerging Markets Domestic Demand ETF, trading lower by about 1.7%. | Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading up about 0.6% with over 7.6 million shares changing hands so far this session, and JD.com ( JD ), up about 0.4% on volume of over 3.2 million shares. The EGShares S&P Emerging Markets Domestic Demand ETF ( EMDD ) is seeing unusually high volume in afternoon trading Wednesday, with over 95,000 shares traded versus three month average volume of about 28,000. Philippine Long Distance Telephone ( PHI ) is the component faring the best Wednesday, up by about 2.2% on the day, while Fomento Econmico Mexicano ( FMX ) is lagging other components of the EGShares S&P Emerging Markets Domestic Demand ETF, trading lower by about 1.7%. | Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading up about 0.6% with over 7.6 million shares changing hands so far this session, and JD.com ( JD ), up about 0.4% on volume of over 3.2 million shares. The EGShares S&P Emerging Markets Domestic Demand ETF ( EMDD ) is seeing unusually high volume in afternoon trading Wednesday, with over 95,000 shares traded versus three month average volume of about 28,000. VIDEO: Wednesday's ETF with Unusual Volume: EMDD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading up about 0.6% with over 7.6 million shares changing hands so far this session, and JD.com ( JD ), up about 0.4% on volume of over 3.2 million shares. The EGShares S&P Emerging Markets Domestic Demand ETF ( EMDD ) is seeing unusually high volume in afternoon trading Wednesday, with over 95,000 shares traded versus three month average volume of about 28,000. Shares of EMDD were up about 0.5% on the day. |
28409.0 | 2015-12-22 00:00:00 UTC | After Hours Most Active for Dec 22, 2015 : BK, PFE, ETE, MU, AAPL, GILD, ABEV, NKE, QQQ, YHOO, HPE, UBNT | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-dec-22-2015-bk-pfe-ete-mu-aapl-gild-abev-nke-qqq-yhoo-hpe-ubnt | nan | nan | The NASDAQ 100 After Hours Indicator is up 9.81 to 4,599.07. The total After hours volume is currently 24,598,187 shares traded.
The following are the most active stocks for the after hours session :
Bank Of New York Mellon Corporation (The) ( BK ) is unchanged at $40.99, with 5,589,640 shares traded. BK's current last sale is 88.15% of the target price of $46.5.
Pfizer, Inc. ( PFE ) is +0.11 at $32.63, with 4,230,876 shares traded. As reported by Zacks, the current mean recommendation for PFE is in the "buy range".
Energy Transfer Equity, L.P. ( ETE ) is +0.05 at $11.91, with 3,013,236 shares traded. As reported by Zacks, the current mean recommendation for ETE is in the "strong buy range".
Micron Technology, Inc. ( MU ) is -0.63 at $13.98, with 1,783,689 shares traded. RTT News Reports: Micron Technology Profit Drops 79% In Q1
Apple Inc. ( AAPL ) is +0.07 at $107.30, with 1,488,250 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Gilead Sciences, Inc. ( GILD ) is +1.12 at $103.98, with 1,234,496 shares traded. As reported by Zacks, the current mean recommendation for GILD is in the "buy range".
Ambev S.A. ( ABEV ) is -0.0573 at $4.43, with 1,227,326 shares traded.ABEV has a $0.15647600cash dividend with an Ex/Eff Date of12/22/2015
Nike, Inc. ( NKE ) is +3.98 at $135.83, with 1,117,264 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2015. The consensus EPS forecast is $0.85. RTT News Reports: Nike Inc Announces 20% Advance In Q2 Bottom Line
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.28 at $112.05, with 1,069,970 shares traded. This represents a 32.23% increase from its 52 Week Low.
Yahoo! Inc. ( YHOO ) is +0.04 at $34.23, with 1,059,495 shares traded. As reported by Zacks, the current mean recommendation for YHOO is in the "buy range".
Hewlett Packard Enterprise Company ( HPE ) is unchanged at $14.06, with 1,056,066 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Apr 2016. The consensus EPS forecast is $0.43. HPE's current last sale is 93.73% of the target price of $15.
Ubiquiti Networks, Inc. ( UBNT ) is unchanged at $32.59, with 1,002,604 shares traded. As reported in the last short interest update the days to cover for UBNT is 36.089653; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is -0.0573 at $4.43, with 1,227,326 shares traded.ABEV has a $0.15647600cash dividend with an Ex/Eff Date of12/22/2015 Nike, Inc. ( NKE ) is +3.98 at $135.83, with 1,117,264 shares traded. The following are the most active stocks for the after hours session : Bank Of New York Mellon Corporation (The) ( BK ) is unchanged at $40.99, with 5,589,640 shares traded. RTT News Reports: Micron Technology Profit Drops 79% In Q1 Apple Inc. ( AAPL ) is +0.07 at $107.30, with 1,488,250 shares traded. | Ambev S.A. ( ABEV ) is -0.0573 at $4.43, with 1,227,326 shares traded.ABEV has a $0.15647600cash dividend with an Ex/Eff Date of12/22/2015 Nike, Inc. ( NKE ) is +3.98 at $135.83, with 1,117,264 shares traded. The total After hours volume is currently 24,598,187 shares traded. RTT News Reports: Micron Technology Profit Drops 79% In Q1 Apple Inc. ( AAPL ) is +0.07 at $107.30, with 1,488,250 shares traded. | Ambev S.A. ( ABEV ) is -0.0573 at $4.43, with 1,227,326 shares traded.ABEV has a $0.15647600cash dividend with an Ex/Eff Date of12/22/2015 Nike, Inc. ( NKE ) is +3.98 at $135.83, with 1,117,264 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2015. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Apr 2016. | Ambev S.A. ( ABEV ) is -0.0573 at $4.43, with 1,227,326 shares traded.ABEV has a $0.15647600cash dividend with an Ex/Eff Date of12/22/2015 Nike, Inc. ( NKE ) is +3.98 at $135.83, with 1,117,264 shares traded. The following are the most active stocks for the after hours session : Bank Of New York Mellon Corporation (The) ( BK ) is unchanged at $40.99, with 5,589,640 shares traded. As reported by Zacks, the current mean recommendation for ETE is in the "strong buy range". |
28410.0 | 2015-12-21 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for December 22, 2015 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-december-22-2015-2015-12-21 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on December 22, 2015. A cash dividend payment of $0.039119 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -5.4% decrease from the prior quarter. At the current stock price of $4.44, the dividend yield is 3.52%.
The previous trading day's last sale of ABEV was $4.44, representing a -34.99% decrease from the 52 week high of $6.83 and a 0.68% increase over the 52 week low of $4.41.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Anheuser-Busch Inbev SA ( BUD ) and Coca-Cola Company ( KO ). ABEV's current earnings per share, an indicator of a company's profitability, is $.26. Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as %, compared to an industry average of .4%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
iShares Latin America 40 ETF ( ILF )
EGShares Emerging Markets Consumer ETF ( ECON )
EGShares Emerging Markets Domestic Demand ETF ( EMDD )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ).
The top-performing ETF of this group is ADRE with an decrease of -10.73% over the last 100 days. ILF has the highest percent weighting of ABEV at 7.37%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as %, compared to an industry average of .4%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? | A cash dividend payment of $0.039119 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABEV as a top-10 holding: iShares Latin America 40 ETF ( ILF ) EGShares Emerging Markets Consumer ETF ( ECON ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). Ambev S.A. ( ABEV ) will begin trading ex-dividend on December 22, 2015. | A cash dividend payment of $0.039119 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABEV was $4.44, representing a -34.99% decrease from the 52 week high of $6.83 and a 0.68% increase over the 52 week low of $4.41. The following ETF(s) have ABEV as a top-10 holding: iShares Latin America 40 ETF ( ILF ) EGShares Emerging Markets Consumer ETF ( ECON ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). | A cash dividend payment of $0.039119 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. ABEV's current earnings per share, an indicator of a company's profitability, is $.26. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? |
28411.0 | 2015-12-04 00:00:00 UTC | Pre-Market Most Active for Dec 4, 2015 : XIV, ITUB, ABEV, BAC, P, TVIX, RBS, QQQ, AVP, GPRO, AMBA, NFLX | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-dec-4-2015-xiv-itub-abev-bac-p-tvix-rbs-qqq-avp-gpro-amba-nflx-2015 | nan | nan | The NASDAQ 100 Pre-Market Indicator is up 12.79 to 4,619.54. The total Pre-Market volume is currently 2,391,706 shares traded.
The following are the most active stocks for the pre-market session :
Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +1.15 at $28.82, with 556,946 shares traded. This represents a 35.24% increase from its 52 Week Low.
Itau Unibanco Banco Holding SA ( ITUB ) is -0.13 at $7.44, with 514,100 shares traded. ITUB's current last sale is 93% of the target price of $8.
Ambev S.A. ( ABEV ) is -0.07 at $4.88, with 491,900 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Bank of America Corporation ( BAC ) is +0.27 at $17.57, with 482,502 shares traded. As reported by Zacks, the current mean recommendation for BAC is in the "buy range".
Pandora Media, Inc. ( P ) is -0.12 at $12.51, with 426,679 shares traded. P's current last sale is 65.84% of the target price of $19.
Daily 2X VIX ST ETN Velocityshares ( TVIX ) is -0.45 at $6.22, with 392,591 shares traded. This represents a 17.14% increase from its 52 Week Low.
Royal Bank Scotland plc (The) ( RBS ) is +0.04 at $9.18, with 290,969 shares traded. As reported by Zacks, the current mean recommendation for RBS is in the "strong buy range".
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.52 at $113.03, with 250,680 shares traded. This represents a 33.38% increase from its 52 Week Low.
Avon Products, Inc. ( AVP ) is +0.31 at $4.30, with 240,580 shares traded. AVP's current last sale is 107.5% of the target price of $4.
GoPro, Inc. ( GPRO ) is -0.84 at $18.09, with 205,187 shares traded. GPRO's current last sale is 48.24% of the target price of $37.5.
Ambarella, Inc. ( AMBA ) is -5.13 at $52.75, with 88,215 shares traded. As reported by Zacks, the current mean recommendation for AMBA is in the "buy range".
Netflix, Inc. ( NFLX ) is +0.74 at $127.55, with 85,037 shares traded. NFLX's current last sale is 98.12% of the target price of $130.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is -0.07 at $4.88, with 491,900 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the pre-market session : Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +1.15 at $28.82, with 556,946 shares traded. | Ambev S.A. ( ABEV ) is -0.07 at $4.88, with 491,900 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the pre-market session : Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +1.15 at $28.82, with 556,946 shares traded. | Ambev S.A. ( ABEV ) is -0.07 at $4.88, with 491,900 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The total Pre-Market volume is currently 2,391,706 shares traded. | Ambev S.A. ( ABEV ) is -0.07 at $4.88, with 491,900 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The NASDAQ 100 Pre-Market Indicator is up 12.79 to 4,619.54. |
28412.0 | 2015-12-03 00:00:00 UTC | Pre-Market Most Active for Dec 3, 2015 : TEVA, PBR, DYAX, ABEV, XIV, FCAU, X, TVIX, ITUB, QQQ, AAPL, ZFGN | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-dec-3-2015-teva-pbr-dyax-abev-xiv-fcau-x-tvix-itub-qqq-aapl-zfgn | nan | nan | The NASDAQ 100 Pre-Market Indicator is up 12.27 to 4,698.49. The total Pre-Market volume is currently 8,897,541 shares traded.
The following are the most active stocks for the pre-market session :
Teva Pharmaceutical Industries Limited ( TEVA ) is +0.96 at $64.08, with 1,665,417 shares traded. As reported by Zacks, the current mean recommendation for TEVA is in the "buy range".
Petroleo Brasileiro S.A.- Petrobras ( PBR ) is +0.41 at $5.36, with 909,568 shares traded. PBR's current last sale is 87.51% of the target price of $6.125.
Dyax Corp. ( DYAX ) is +4.06 at $37.42, with 887,965 shares traded. DYAX's current last sale is 101.14% of the target price of $37.
Ambev S.A. ( ABEV ) is +0.15 at $4.97, with 711,950 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +0.25 at $30.14, with 535,651 shares traded. This represents a 41.44% increase from its 52 Week Low.
Fiat Chrysler Automobiles N.V. ( FCAU ) is +0.21 at $14.10, with 519,707 shares traded. As reported in the last short interest update the days to cover for FCAU is 17.722675; this calculation is based on the average trading volume of the stock.
United States Steel Corporation ( X ) is +0.01 at $7.75, with 508,550 shares traded. X's current last sale is 59.62% of the target price of $13.
Daily 2X VIX ST ETN Velocityshares ( TVIX ) is -0.08 at $5.81, with 478,841 shares traded. This represents a 9.42% increase from its 52 Week Low.
Itau Unibanco Banco Holding SA ( ITUB ) is +0.46 at $7.65, with 382,355 shares traded. ITUB's current last sale is 95.63% of the target price of $8.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.08 at $114.53, with 292,843 shares traded. This represents a 35.15% increase from its 52 Week Low.
Apple Inc. ( AAPL ) is +0.26 at $116.54, with 189,026 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Zafgen, Inc. ( ZFGN ) is -0.56 at $5.72, with 183,294 shares traded., following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is +0.15 at $4.97, with 711,950 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +0.25 at $30.14, with 535,651 shares traded. | Ambev S.A. ( ABEV ) is +0.15 at $4.97, with 711,950 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The total Pre-Market volume is currently 8,897,541 shares traded. | Ambev S.A. ( ABEV ) is +0.15 at $4.97, with 711,950 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The total Pre-Market volume is currently 8,897,541 shares traded. | Ambev S.A. ( ABEV ) is +0.15 at $4.97, with 711,950 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The NASDAQ 100 Pre-Market Indicator is up 12.27 to 4,698.49. |
28413.0 | 2015-12-01 00:00:00 UTC | Pre-Market Most Active for Dec 1, 2015 : SUNE, NOK, TERP, TVIX, ALU, BABA, ABEV, XIV, SDRL, AAPL, FTR, QQQ | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-dec-1-2015-sune-nok-terp-tvix-alu-baba-abev-xiv-sdrl-aapl-ftr-qqq | nan | nan | The NASDAQ 100 Pre-Market Indicator is up 13.12 to 4,677.63. The total Pre-Market volume is currently 5,804,515 shares traded.
The following are the most active stocks for the pre-market session :
SunEdison, Inc. ( SUNE ) is +0.17 at $3.36, with 687,458 shares traded. SUNE's current last sale is 26.88% of the target price of $12.5.
Nokia Corporation ( NOK ) is +0.2 at $7.41, with 547,355 shares traded. NOK's current last sale is 81.43% of the target price of $9.1.
TerraForm Power, Inc. ( TERP ) is +1.1 at $8.00, with 481,149 shares traded. TERP's current last sale is 36.78% of the target price of $21.75.
Daily 2X VIX ST ETN Velocityshares ( TVIX ) is -0.16 at $5.80, with 216,494 shares traded. This represents a 9.23% increase from its 52 Week Low.
Alcatel Lucent ( ALU ) is +0.1 at $4.03, with 214,954 shares traded. ALU's current last sale is 100.75% of the target price of $4.
Alibaba Group Holding Limited ( BABA ) is -0.28 at $83.80, with 213,121 shares traded. As reported by Zacks, the current mean recommendation for BABA is in the "buy range".
Ambev S.A. ( ABEV ) is -0.01 at $4.76, with 200,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +0.45 at $30.30, with 177,041 shares traded. This represents a 42.19% increase from its 52 Week Low.
Seadrill Limited ( SDRL ) is -0.1 at $5.98, with 136,952 shares traded. SDRL's current last sale is 64.65% of the target price of $9.25.
Apple Inc. ( AAPL ) is +0.34 at $118.64, with 129,244 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Frontier Communications Corporation ( FTR ) is +0.03 at $5.02, with 53,272 shares traded. As reported in the last short interest update the days to cover for FTR is 7.589889; this calculation is based on the average trading volume of the stock.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.39 at $114.41, with 48,687 shares traded. This represents a 35.01% increase from its 52 Week Low.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is -0.01 at $4.76, with 200,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the pre-market session : SunEdison, Inc. ( SUNE ) is +0.17 at $3.36, with 687,458 shares traded. | Ambev S.A. ( ABEV ) is -0.01 at $4.76, with 200,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The total Pre-Market volume is currently 5,804,515 shares traded. | Ambev S.A. ( ABEV ) is -0.01 at $4.76, with 200,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The total Pre-Market volume is currently 5,804,515 shares traded. | Ambev S.A. ( ABEV ) is -0.01 at $4.76, with 200,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The NASDAQ 100 Pre-Market Indicator is up 13.12 to 4,677.63. |
28414.0 | 2015-11-20 00:00:00 UTC | ILF, VTEB: Big ETF Inflows | ABEV | https://www.nasdaq.com/articles/ilf-vteb-big-etf-inflows-2015-11-20 | nan | nan | Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Latin America 40 ETF ( ILF ), which added 4,500,000 units, or a 20.9% increase week over week. Among the largest underlying components of ILF, in morning trading today Itau Unibanco Banco Multiplo ( ITUB ) is up about 1.8%, and Ambev ( ABEV ) is up by about 1.8%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the Vanguard Tax-Exempt Bond ETF ( VTEB ), which added 450,000 units, for a 31.0% increase in outstanding units.
VIDEO: ILF, VTEB: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ILF, in morning trading today Itau Unibanco Banco Multiplo ( ITUB ) is up about 1.8%, and Ambev ( ABEV ) is up by about 1.8%. And on a percentage change basis, the ETF with the biggest increase in inflows was the Vanguard Tax-Exempt Bond ETF ( VTEB ), which added 450,000 units, for a 31.0% increase in outstanding units. VIDEO: ILF, VTEB: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ILF, in morning trading today Itau Unibanco Banco Multiplo ( ITUB ) is up about 1.8%, and Ambev ( ABEV ) is up by about 1.8%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Latin America 40 ETF ( ILF ), which added 4,500,000 units, or a 20.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Vanguard Tax-Exempt Bond ETF ( VTEB ), which added 450,000 units, for a 31.0% increase in outstanding units. | Among the largest underlying components of ILF, in morning trading today Itau Unibanco Banco Multiplo ( ITUB ) is up about 1.8%, and Ambev ( ABEV ) is up by about 1.8%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Latin America 40 ETF ( ILF ), which added 4,500,000 units, or a 20.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Vanguard Tax-Exempt Bond ETF ( VTEB ), which added 450,000 units, for a 31.0% increase in outstanding units. | Among the largest underlying components of ILF, in morning trading today Itau Unibanco Banco Multiplo ( ITUB ) is up about 1.8%, and Ambev ( ABEV ) is up by about 1.8%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Latin America 40 ETF ( ILF ), which added 4,500,000 units, or a 20.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the Vanguard Tax-Exempt Bond ETF ( VTEB ), which added 450,000 units, for a 31.0% increase in outstanding units. |
28415.0 | 2015-11-09 00:00:00 UTC | Compania Cervecerias Unidas Thrives Despite Tough Conditions | ABEV | https://www.nasdaq.com/articles/compania-cervecerias-unidas-thrives-despite-tough-conditions-2015-11-09 | nan | nan | Image: Compania Cervecerias Unidas.
Latin America has struggled economically in the past couple of years, as the commodities-driven growth throughout much of the region has given way to weak conditions in key markets such as energy and metals. That has had implications for the consumer economy as well, and beverage maker Compania Cervecerias Unidas , also known as United Breweries, has had to deal with the headwinds from a strong dollar and competition from rivals such as Ambev . Coming into its third-quarter financial report, United Breweries investors had finally started to hope that the company could post some encouraging results, and the beverage specialist did indeed show it could stand up to difficult conditions to produce growth. Let's look more closely at how Compania Cervecerias Unidas performed during the quarter and whether the stock can keep climbing.
Investors drink to United Breweries
United Breweries' third-quarter results showed solid gains. Revenue jumped 16% to $521.1 million, which was about 1% higher than the consensus forecast among those following the stock. Net income jumped at an even faster 38% pace to $37.4 million, and that produced earnings of $0.17 per American depository receipt, which was a penny less than investors had wanted to see.
What's important to keep in mind, though, is that United Breweries used average exchange rates throughout the period in reporting its dollar-denominated results, effectively removing the impact of the decline in the Chilean peso's value during the period. Whereas $1 fetched less than 600 pesos this time last year, it is worth nearly 700 pesos this quarter, making the actual dollar-denominated growth far lower than simply using an average of 640 pesos per $1 as the company's financial statements do.
Regardless, a closer look at United Breweries' results shows some encouraging signs. The key Chile operating segment saw sales gains of just 55, but the Rio de la Plata segment saw revenue climb by more than half, and the company's wine business posted a solid 11.5% rise in sales. Overall, the company was able to impose higher pricing while still boosting volumes.
In Chile, United Breweries pointed to brand-building efforts and marketing as beating back the slowdown in the Chilean economy. The company also gained market share in Argentina, Paraguay, and Uruguay, leading to greater confidence in what to the company is its international segment, but the wine business remains extremely competitive.
What's ahead for the beverage giant?
CEO Patricio Jottar was pleased with United Breweries performance. "We have managed to grow volumes, market share, and margins despite a slow economic environment," Jottar said, "building on our solid brands and the continuous search for efficiencies through our commitment to the "ExCCelencia CCU" program." Jottar believes it can keep boosting its financial performance over time as a result of those efforts.
In addition, United Breweries does get some positive benefit from the strong U.S. dollar. Because its wine business exports Chilean-produced bottles around the world, the foreign currency it brings in translates into more Chilean pesos, helping its overall results.
Yet United Breweries can expect further competition. Ambev has traditionally relied on its Latin America South division, which includes markets that United Breweries has a huge presence in, for a substantial part of its overall profits. From 2012 to 2014, the Latin America South unit has given Ambev its second-highest sales and pre-tax income, trailing only Ambev's home Brazilian market. If Latin American economies start to recover faster, then United Breweries will have to answer the call and stand up to more intense competition.
For now, though, investors in Compania Cervecerias Unidas were pleased with the beverage company's overall performance, sending shares higher after the announcement. It'll be important for the company to make the most of improving conditions while they last to cement its position amid the key providers of beer and soft drinks to a large swath of South America.
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The article Compania Cervecerias Unidas Thrives Despite Tough Conditions originally appeared on Fool.com.
Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends United Breweries. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That has had implications for the consumer economy as well, and beverage maker Compania Cervecerias Unidas , also known as United Breweries, has had to deal with the headwinds from a strong dollar and competition from rivals such as Ambev . Coming into its third-quarter financial report, United Breweries investors had finally started to hope that the company could post some encouraging results, and the beverage specialist did indeed show it could stand up to difficult conditions to produce growth. "We have managed to grow volumes, market share, and margins despite a slow economic environment," Jottar said, "building on our solid brands and the continuous search for efficiencies through our commitment to the "ExCCelencia CCU" program." | Coming into its third-quarter financial report, United Breweries investors had finally started to hope that the company could post some encouraging results, and the beverage specialist did indeed show it could stand up to difficult conditions to produce growth. Investors drink to United Breweries United Breweries' third-quarter results showed solid gains. For now, though, investors in Compania Cervecerias Unidas were pleased with the beverage company's overall performance, sending shares higher after the announcement. | That has had implications for the consumer economy as well, and beverage maker Compania Cervecerias Unidas , also known as United Breweries, has had to deal with the headwinds from a strong dollar and competition from rivals such as Ambev . Coming into its third-quarter financial report, United Breweries investors had finally started to hope that the company could post some encouraging results, and the beverage specialist did indeed show it could stand up to difficult conditions to produce growth. Investors drink to United Breweries United Breweries' third-quarter results showed solid gains. | That has had implications for the consumer economy as well, and beverage maker Compania Cervecerias Unidas , also known as United Breweries, has had to deal with the headwinds from a strong dollar and competition from rivals such as Ambev . Investors drink to United Breweries United Breweries' third-quarter results showed solid gains. For now, though, investors in Compania Cervecerias Unidas were pleased with the beverage company's overall performance, sending shares higher after the announcement. |
28416.0 | 2015-10-27 00:00:00 UTC | ECON, FMB: Big ETF Inflows | ABEV | https://www.nasdaq.com/articles/econ-fmb-big-etf-inflows-2015-10-27 | nan | nan | Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF ( ECON ), which added 6,300,000 units, or a 19.9% increase week over week. Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is off about 0.1%, and Tata Motors ( TTM ) is lower by about 1.4%.
And on a percentage change basis, the ETF with the biggest increase in inflows was the First Trust Managed Municipal ETF ( FMB ), which added 149,998 units, for a 30.0% increase in outstanding units.
VIDEO: ECON, FMB: Big ETF Inflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is off about 0.1%, and Tata Motors ( TTM ) is lower by about 1.4%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF ( ECON ), which added 6,300,000 units, or a 19.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the First Trust Managed Municipal ETF ( FMB ), which added 149,998 units, for a 30.0% increase in outstanding units. | Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is off about 0.1%, and Tata Motors ( TTM ) is lower by about 1.4%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF ( ECON ), which added 6,300,000 units, or a 19.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the First Trust Managed Municipal ETF ( FMB ), which added 149,998 units, for a 30.0% increase in outstanding units. | Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is off about 0.1%, and Tata Motors ( TTM ) is lower by about 1.4%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF ( ECON ), which added 6,300,000 units, or a 19.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the First Trust Managed Municipal ETF ( FMB ), which added 149,998 units, for a 30.0% increase in outstanding units. | Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is off about 0.1%, and Tata Motors ( TTM ) is lower by about 1.4%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF ( ECON ), which added 6,300,000 units, or a 19.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the First Trust Managed Municipal ETF ( FMB ), which added 149,998 units, for a 30.0% increase in outstanding units. |
28417.0 | 2015-10-26 00:00:00 UTC | Monday's ETF with Unusual Volume: KXI | ABEV | https://www.nasdaq.com/articles/mondays-etf-unusual-volume-kxi-2015-10-26 | nan | nan | The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Monday, with over 128,000 shares traded versus three month average volume of about 30,000. Shares of KXI were off about 0.2% on the day.
Components of that ETF with the highest volume on Monday were Ambev ( ABEV ), trading off about 0.1% with over 9.8 million shares changing hands so far this session, and Coca Cola ( KO ), down about 0.2% on volume of over 4.2 million shares. Cencosud ( CNCO ) is the component faring the best Monday, higher by about 3.4% on the day, while Tyson Foods ( TSN ) is lagging other components of the iShares Global Consumer Staples ETF, trading lower by about 4.7%.
VIDEO: Monday's ETF with Unusual Volume: KXI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Monday were Ambev ( ABEV ), trading off about 0.1% with over 9.8 million shares changing hands so far this session, and Coca Cola ( KO ), down about 0.2% on volume of over 4.2 million shares. The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Monday, with over 128,000 shares traded versus three month average volume of about 30,000. Cencosud ( CNCO ) is the component faring the best Monday, higher by about 3.4% on the day, while Tyson Foods ( TSN ) is lagging other components of the iShares Global Consumer Staples ETF, trading lower by about 4.7%. | Components of that ETF with the highest volume on Monday were Ambev ( ABEV ), trading off about 0.1% with over 9.8 million shares changing hands so far this session, and Coca Cola ( KO ), down about 0.2% on volume of over 4.2 million shares. The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Monday, with over 128,000 shares traded versus three month average volume of about 30,000. Cencosud ( CNCO ) is the component faring the best Monday, higher by about 3.4% on the day, while Tyson Foods ( TSN ) is lagging other components of the iShares Global Consumer Staples ETF, trading lower by about 4.7%. | Components of that ETF with the highest volume on Monday were Ambev ( ABEV ), trading off about 0.1% with over 9.8 million shares changing hands so far this session, and Coca Cola ( KO ), down about 0.2% on volume of over 4.2 million shares. The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Monday, with over 128,000 shares traded versus three month average volume of about 30,000. VIDEO: Monday's ETF with Unusual Volume: KXI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Monday were Ambev ( ABEV ), trading off about 0.1% with over 9.8 million shares changing hands so far this session, and Coca Cola ( KO ), down about 0.2% on volume of over 4.2 million shares. The iShares Global Consumer Staples ETF ( KXI ) is seeing unusually high volume in afternoon trading Monday, with over 128,000 shares traded versus three month average volume of about 30,000. Shares of KXI were off about 0.2% on the day. |
28418.0 | 2015-10-23 00:00:00 UTC | Pre-Market Most Active for Oct 23, 2015 : MSFT, P, ABEV, QQQ, CX, FB, XIV, AAPL, TVIX, T, VALE, SKX | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-oct-23-2015-msft-p-abev-qqq-cx-fb-xiv-aapl-tvix-t-vale-skx-2015-10 | nan | nan | The NASDAQ 100 Pre-Market Indicator is up 127.47 to 4,630.69. The total Pre-Market volume is currently 10,519,711 shares traded.
The following are the most active stocks for the pre-market session :
Microsoft Corporation ( MSFT ) is +4.62 at $52.65, with 2,747,431 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
Pandora Media, Inc. ( P ) is -6.19 at $13.00, with 2,687,282 shares traded. As reported by Zacks, the current mean recommendation for P is in the "buy range".
Ambev S.A. ( ABEV ) is +0.08 at $5.08, with 1,128,900 shares traded.ABEV is scheduled to provide an earnings report on 10/30/2015, for the fiscal quarter ending Sep2015. The consensus earnings per share forecast is 0.06 per share, which represents a 7 percent increase over the EPS one Year Ago
PowerShares QQQ Trust, Series 1 ( QQQ ) is +2.95 at $112.66, with 1,054,573 shares traded. This represents a 32.95% increase from its 52 Week Low.
Cemex S.A.B. de C.V. ( CX ) is +0.01 at $7.01, with 950,000 shares traded. CX's current last sale is 62.31% of the target price of $11.25.
Facebook, Inc. ( FB ) is +3.2 at $102.87, with 489,937 shares traded., following a 52-week high recorded in prior regular session.
Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +1.04 at $32.97, with 481,246 shares traded. This represents a 54.72% increase from its 52 Week Low.
Apple Inc. ( AAPL ) is +1.54 at $117.04, with 415,444 shares traded.AAPL is scheduled to provide an earnings report on 10/27/2015, for the fiscal quarter ending Sep2015. The consensus earnings per share forecast is 1.88 per share, which represents a 142 percent increase over the EPS one Year Ago
Daily 2X VIX ST ETN Velocityshares ( TVIX ) is -0.39 at $5.73, with 371,047 shares traded. This represents a 7.91% increase from its 52 Week Low.
AT&T Inc. ( T ) is +0.73 at $34.69, with 350,501 shares traded. As reported by Zacks, the current mean recommendation for T is in the "buy range".
VALE S.A. ( VALE ) is +0.18 at $4.91, with 347,250 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2015. The consensus EPS forecast is $0.13. As reported in the last short interest update the days to cover for VALE is 8.611124; this calculation is based on the average trading volume of the stock.
Skechers U.S.A., Inc. ( SKX ) is -12.17 at $34.02, with 310,031 shares traded. SKX's current last sale is 63.79% of the target price of $53.333.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is +0.08 at $5.08, with 1,128,900 shares traded.ABEV is scheduled to provide an earnings report on 10/30/2015, for the fiscal quarter ending Sep2015. Apple Inc. ( AAPL ) is +1.54 at $117.04, with 415,444 shares traded.AAPL is scheduled to provide an earnings report on 10/27/2015, for the fiscal quarter ending Sep2015. As reported in the last short interest update the days to cover for VALE is 8.611124; this calculation is based on the average trading volume of the stock. | Ambev S.A. ( ABEV ) is +0.08 at $5.08, with 1,128,900 shares traded.ABEV is scheduled to provide an earnings report on 10/30/2015, for the fiscal quarter ending Sep2015. The consensus earnings per share forecast is 0.06 per share, which represents a 7 percent increase over the EPS one Year Ago PowerShares QQQ Trust, Series 1 ( QQQ ) is +2.95 at $112.66, with 1,054,573 shares traded. The consensus earnings per share forecast is 1.88 per share, which represents a 142 percent increase over the EPS one Year Ago Daily 2X VIX ST ETN Velocityshares ( TVIX ) is -0.39 at $5.73, with 371,047 shares traded. | Ambev S.A. ( ABEV ) is +0.08 at $5.08, with 1,128,900 shares traded.ABEV is scheduled to provide an earnings report on 10/30/2015, for the fiscal quarter ending Sep2015. The consensus earnings per share forecast is 0.06 per share, which represents a 7 percent increase over the EPS one Year Ago PowerShares QQQ Trust, Series 1 ( QQQ ) is +2.95 at $112.66, with 1,054,573 shares traded. The consensus earnings per share forecast is 1.88 per share, which represents a 142 percent increase over the EPS one Year Ago Daily 2X VIX ST ETN Velocityshares ( TVIX ) is -0.39 at $5.73, with 371,047 shares traded. | Ambev S.A. ( ABEV ) is +0.08 at $5.08, with 1,128,900 shares traded.ABEV is scheduled to provide an earnings report on 10/30/2015, for the fiscal quarter ending Sep2015. The consensus earnings per share forecast is 1.88 per share, which represents a 142 percent increase over the EPS one Year Ago Daily 2X VIX ST ETN Velocityshares ( TVIX ) is -0.39 at $5.73, with 371,047 shares traded. AT&T Inc. ( T ) is +0.73 at $34.69, with 350,501 shares traded. |
28419.0 | 2015-10-19 00:00:00 UTC | Notable ETF Outflow Detected - ECON, ABEV, TTM, BRFS | ABEV | https://www.nasdaq.com/articles/notable-etf-outflow-detected-econ-abev-ttm-brfs-2015-10-19 | nan | nan | Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF (Symbol: ECON) where we have detected an approximate $29.4 million dollar outflow -- that's a 3.8% decrease week over week (from 32,850,000 to 31,600,000). Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is down about 2.4%, Tata Motors Ltd (Symbol: TTM) is off about 1%, and BRF S.A. (Symbol: BRFS) is lower by about 1.1%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average:
Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.48 as the 52 week high point - that compares with a last trade of $23.30. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is down about 2.4%, Tata Motors Ltd (Symbol: TTM) is off about 1%, and BRF S.A. (Symbol: BRFS) is lower by about 1.1%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.48 as the 52 week high point - that compares with a last trade of $23.30. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is down about 2.4%, Tata Motors Ltd (Symbol: TTM) is off about 1%, and BRF S.A. (Symbol: BRFS) is lower by about 1.1%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.48 as the 52 week high point - that compares with a last trade of $23.30. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is down about 2.4%, Tata Motors Ltd (Symbol: TTM) is off about 1%, and BRF S.A. (Symbol: BRFS) is lower by about 1.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the EGShares Dow Jones Emerging Markets Consumer Titans 30 ETF (Symbol: ECON) where we have detected an approximate $29.4 million dollar outflow -- that's a 3.8% decrease week over week (from 32,850,000 to 31,600,000). For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.48 as the 52 week high point - that compares with a last trade of $23.30. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is down about 2.4%, Tata Motors Ltd (Symbol: TTM) is off about 1%, and BRF S.A. (Symbol: BRFS) is lower by about 1.1%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.48 as the 52 week high point - that compares with a last trade of $23.30. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). |
28420.0 | 2015-10-14 00:00:00 UTC | After Hours Most Active for Oct 14, 2015 : NFLX, AMSG, ACWI, BAC, NAVI, ABEV, QQQ, STWD, CNW, USB, WSH, MNKD | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-oct-14-2015-nflx-amsg-acwi-bac-navi-abev-qqq-stwd-cnw-usb-wsh-mnkd | nan | nan | The NASDAQ 100 After Hours Indicator is down -7.18 to 4,339.74. The total After hours volume is currently 34,181,087 shares traded.
The following are the most active stocks for the after hours session :
Netflix, Inc. ( NFLX ) is -8.03 at $102.20, with 7,163,762 shares traded. RTT News Reports: Netflix Shares Tank After Earnings Miss
Amsurg Corp. ( AMSG ) is -0.68 at $78.79, with 4,030,368 shares traded. As reported by Zacks, the current mean recommendation for AMSG is in the "buy range".
iShares MSCI ACWI Index Fund ( ACWI ) is unchanged at $56.63, with 2,682,007 shares traded. This represents a 12.43% increase from its 52 Week Low.
Bank of America Corporation ( BAC ) is unchanged at $15.64, with 2,670,737 shares traded. RTT News Reports: Stocks Stuck In Negative Territory In Mid-Day Trading - U.S. Commentary
Navient Corporation ( NAVI ) is -0.01 at $11.77, with 1,843,920 shares traded.NAVI is scheduled to provide an earnings report on 10/20/2015, for the fiscal quarter ending Sep2015. The consensus earnings per share forecast is 0.48 per share, which represents a 52 percent increase over the EPS one Year Ago
Ambev S.A. ( ABEV ) is +0.01 at $4.80, with 1,023,900 shares traded. ABEV's current last sale is 75.59% of the target price of $6.35.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.14 at $105.79, with 1,010,788 shares traded. This represents a 24.84% increase from its 52 Week Low.
STARWOOD PROPERTY TRUST, INC. ( STWD ) is unchanged at $20.80, with 831,534 shares traded. As reported by Zacks, the current mean recommendation for STWD is in the "buy range".
Con-way Inc. ( CNW ) is unchanged at $47.54, with 722,726 shares traded. CNW's current last sale is 102.24% of the target price of $46.5.
U.S. Bancorp ( USB ) is unchanged at $40.50, with 621,820 shares traded.USB is scheduled to provide an earnings report on 10/15/2015, for the fiscal quarter ending Sep2015. The consensus earnings per share forecast is 0.81 per share, which represents a 78 percent increase over the EPS one Year Ago
Willis Group Holdings Limited ( WSH ) is unchanged at $41.58, with 538,535 shares traded. WSH's current last sale is 84.86% of the target price of $49.
MannKind Corporation ( MNKD ) is +0.09 at $3.02, with 503,904 shares traded. As reported in the last short interest update the days to cover for MNKD is 25.405433; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The consensus earnings per share forecast is 0.48 per share, which represents a 52 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is +0.01 at $4.80, with 1,023,900 shares traded. ABEV's current last sale is 75.59% of the target price of $6.35. RTT News Reports: Stocks Stuck In Negative Territory In Mid-Day Trading - U.S. Commentary Navient Corporation ( NAVI ) is -0.01 at $11.77, with 1,843,920 shares traded.NAVI is scheduled to provide an earnings report on 10/20/2015, for the fiscal quarter ending Sep2015. | The consensus earnings per share forecast is 0.48 per share, which represents a 52 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is +0.01 at $4.80, with 1,023,900 shares traded. ABEV's current last sale is 75.59% of the target price of $6.35. RTT News Reports: Netflix Shares Tank After Earnings Miss Amsurg Corp. ( AMSG ) is -0.68 at $78.79, with 4,030,368 shares traded. | The consensus earnings per share forecast is 0.48 per share, which represents a 52 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is +0.01 at $4.80, with 1,023,900 shares traded. ABEV's current last sale is 75.59% of the target price of $6.35. RTT News Reports: Netflix Shares Tank After Earnings Miss Amsurg Corp. ( AMSG ) is -0.68 at $78.79, with 4,030,368 shares traded. | The consensus earnings per share forecast is 0.48 per share, which represents a 52 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is +0.01 at $4.80, with 1,023,900 shares traded. ABEV's current last sale is 75.59% of the target price of $6.35. The NASDAQ 100 After Hours Indicator is down -7.18 to 4,339.74. |
28421.0 | 2015-09-23 00:00:00 UTC | After Hours Most Active for Sep 23, 2015 : CNAT, DHR, ABEV, FITB, CBR, PBR, SCHW, FOXA, EROS, ZNGA, XIV, FTR | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-sep-23-2015-cnat-dhr-abev-fitb-cbr-pbr-schw-foxa-eros-znga-xiv-ftr | nan | nan | The NASDAQ 100 After Hours Indicator is down -.02 to 4,273.51. The total After hours volume is currently 23,845,134 shares traded.
The following are the most active stocks for the after hours session :
Conatus Pharmaceuticals Inc. ( CNAT ) is +2.04 at $7.78, with 912,213 shares traded. As reported in the last short interest update the days to cover for CNAT is 9.670105; this calculation is based on the average trading volume of the stock.
Danaher Corporation ( DHR ) is unchanged at $85.67, with 781,724 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2015. The consensus EPS forecast is $1.27. As reported by Zacks, the current mean recommendation for DHR is in the "buy range".
Ambev S.A. ( ABEV ) is +0.0663 at $4.66, with 780,700 shares traded., following a 52-week high recorded in today's regular session.
Fifth Third Bancorp ( FITB ) is -0.0041 at $18.80, with 763,266 shares traded. FITB's current last sale is 85.44% of the target price of $22.
Ciber, Inc. ( CBR ) is unchanged at $3.08, with 698,635 shares traded. As reported in the last short interest update the days to cover for CBR is 9.952051; this calculation is based on the average trading volume of the stock.
Petroleo Brasileiro S.A.- Petrobras ( PBR ) is -0.04 at $4.00, with 676,833 shares traded. PBR's current last sale is 55.56% of the target price of $7.2.
The Charles Schwab Corporation ( SCHW ) is unchanged at $28.48, with 647,981 shares traded. As reported by Zacks, the current mean recommendation for SCHW is in the "buy range".
Twenty-First Century Fox, Inc. ( FOXA ) is unchanged at $26.28, with 627,794 shares traded. As reported by Zacks, the current mean recommendation for FOXA is in the "buy range".
Eros International PLC ( EROS ) is -0.0073 at $29.97, with 604,185 shares traded. As reported by Zacks, the current mean recommendation for EROS is in the "strong buy range".
Zynga Inc. ( ZNGA ) is unchanged at $2.39, with 548,470 shares traded. ZNGA's current last sale is 79.67% of the target price of $3.
Daily Inverse VIX ST ETN Velocityshares ( XIV ) is -0.79 at $25.62, with 497,472 shares traded. This represents a 20.23% increase from its 52 Week Low.
Frontier Communications Corporation ( FTR ) is +0.001 at $4.85, with 434,213 shares traded. As reported in the last short interest update the days to cover for FTR is 7.637605; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is +0.0663 at $4.66, with 780,700 shares traded., following a 52-week high recorded in today's regular session. As reported in the last short interest update the days to cover for CNAT is 9.670105; this calculation is based on the average trading volume of the stock. As reported in the last short interest update the days to cover for CBR is 9.952051; this calculation is based on the average trading volume of the stock. | Ambev S.A. ( ABEV ) is +0.0663 at $4.66, with 780,700 shares traded., following a 52-week high recorded in today's regular session. As reported in the last short interest update the days to cover for CNAT is 9.670105; this calculation is based on the average trading volume of the stock. As reported in the last short interest update the days to cover for CBR is 9.952051; this calculation is based on the average trading volume of the stock. | Ambev S.A. ( ABEV ) is +0.0663 at $4.66, with 780,700 shares traded., following a 52-week high recorded in today's regular session. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2015. As reported in the last short interest update the days to cover for CBR is 9.952051; this calculation is based on the average trading volume of the stock. | Ambev S.A. ( ABEV ) is +0.0663 at $4.66, with 780,700 shares traded., following a 52-week high recorded in today's regular session. The following are the most active stocks for the after hours session : Conatus Pharmaceuticals Inc. ( CNAT ) is +2.04 at $7.78, with 912,213 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2015. |
28422.0 | 2015-09-17 00:00:00 UTC | Pre-Market Most Active for Sep 17, 2015 : CVC, RAD, AERI, HSEB, TOT, FCAU, ABEV, XIV, AAPL, TVIX, ERIC, ITCI | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-sep-17-2015-cvc-rad-aeri-hseb-tot-fcau-abev-xiv-aapl-tvix-eric-itci | nan | nan | The NASDAQ 100 Pre-Market Indicator is down -5.78 to 4,377.89. The total Pre-Market volume is currently 16,847,198 shares traded.
The following are the most active stocks for the pre-market session :
Cablevision Systems Corporation ( CVC ) is +4.55 at $33.09, with 11,169,068 shares traded. As reported in the last short interest update the days to cover for CVC is 8.975619; this calculation is based on the average trading volume of the stock.
Rite Aid Corporation ( RAD ) is -0.42 at $8.17, with 2,249,023 shares traded. RTT News Reports: Rite Aid Q2 Profit Misses View, But Revenues Top; Trims 2016 EPS Outlook
Aerie Pharmaceuticals, Inc. ( AERI ) is +17.27 at $35.27, with 924,488 shares traded. As reported in the last short interest update the days to cover for AERI is 8.066544; this calculation is based on the average trading volume of the stock.
HSBC Holdings plc ( HSEB ) is -0.025 at $25.48, with 400,000 shares traded.
TotalFinaElf, S.A. ( TOT ) is +0.28 at $47.75, with 371,050 shares traded. As reported by Zacks, the current mean recommendation for TOT is in the "buy range".
Fiat Chrysler Automobiles N.V. ( FCAU ) is +0.0516 at $14.94, with 302,500 shares traded. As reported in the last short interest update the days to cover for FCAU is 15.995742; this calculation is based on the average trading volume of the stock.
Ambev S.A. ( ABEV ) is +0.01 at $5.05, with 250,900 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +0.07 at $29.45, with 240,973 shares traded. This represents a 38.2% increase from its 52 Week Low.
Apple Inc. ( AAPL ) is -0.71 at $115.70, with 229,926 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Daily 2X VIX ST ETN Velocityshares ( TVIX ) is -0.16 at $9.22, with 156,019 shares traded. This represents a 73.63% increase from its 52 Week Low.
Ericsson ( ERIC ) is +0.05 at $9.78, with 100,000 shares traded. ERIC's current last sale is 80.16% of the target price of $12.2.
Intra-Cellular Therapies Inc. ( ITCI ) is +3.26 at $52.05, with 92,074 shares traded., following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is +0.01 at $5.05, with 250,900 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". As reported in the last short interest update the days to cover for CVC is 8.975619; this calculation is based on the average trading volume of the stock. | Ambev S.A. ( ABEV ) is +0.01 at $5.05, with 250,900 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". As reported in the last short interest update the days to cover for CVC is 8.975619; this calculation is based on the average trading volume of the stock. | Ambev S.A. ( ABEV ) is +0.01 at $5.05, with 250,900 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". RTT News Reports: Rite Aid Q2 Profit Misses View, But Revenues Top; Trims 2016 EPS Outlook Aerie Pharmaceuticals, Inc. ( AERI ) is +17.27 at $35.27, with 924,488 shares traded. | As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Ambev S.A. ( ABEV ) is +0.01 at $5.05, with 250,900 shares traded. The following are the most active stocks for the pre-market session : Cablevision Systems Corporation ( CVC ) is +4.55 at $33.09, with 11,169,068 shares traded. |
28423.0 | 2015-09-16 00:00:00 UTC | Pre-Market Most Active for Sep 16, 2015 : ABEV, TAP, BUD, ITCI, ALU, CAJ, CHU, XIV, TVIX, QQQ, AAPL, XRAY | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-sep-16-2015-abev-tap-bud-itci-alu-caj-chu-xiv-tvix-qqq-aapl-xray | nan | nan | The NASDAQ 100 Pre-Market Indicator is up 1.56 to 4,361.84. The total Pre-Market volume is currently 11,061,782 shares traded.
The following are the most active stocks for the pre-market session :
Ambev S.A. ( ABEV ) is +0.3 at $5.20, with 5,548,387 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Molson Coors Brewing Company ( TAP ) is +8.96 at $81.60, with 1,269,663 shares traded. As reported by Zacks, the current mean recommendation for TAP is in the "buy range".
Anheuser-Busch Inbev SA ( BUD ) is +6.67 at $114.71, with 846,266 shares traded. As reported by Zacks, the current mean recommendation for BUD is in the "buy range".
Intra-Cellular Therapies Inc. ( ITCI ) is +12.14 at $38.25, with 754,210 shares traded. As reported by Zacks, the current mean recommendation for ITCI is in the "buy range".
Alcatel Lucent ( ALU ) is +0.04 at $3.58, with 658,692 shares traded. ALU's current last sale is 90.29% of the target price of $3.965.
Canon, Inc. ( CAJ ) is +0.44 at $31.00, with 328,975 shares traded. CAJ's current last sale is 87.97% of the target price of $35.24.
China Unicom (Hong Kong) Ltd ( CHU ) is -0.0983 at $13.21, with 310,728 shares traded. As reported by Zacks, the current mean recommendation for CHU is in the "strong buy range".
Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +0.53 at $28.28, with 272,639 shares traded. This represents a 32.71% increase from its 52 Week Low.
Daily 2X VIX ST ETN Velocityshares ( TVIX ) is -0.48 at $10.18, with 203,854 shares traded. This represents a 91.71% increase from its 52 Week Low.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.02 at $106.51, with 141,540 shares traded. This represents a 25.69% increase from its 52 Week Low.
Apple Inc. ( AAPL ) is -0.12 at $116.16, with 115,834 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
DENTSPLY International Inc. ( XRAY ) is -2.44 at $51.91, with 88,074 shares traded. XRAY's current last sale is 86.52% of the target price of $60.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The following are the most active stocks for the pre-market session : Ambev S.A. ( ABEV ) is +0.3 at $5.20, with 5,548,387 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +0.53 at $28.28, with 272,639 shares traded. | The following are the most active stocks for the pre-market session : Ambev S.A. ( ABEV ) is +0.3 at $5.20, with 5,548,387 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Daily Inverse VIX ST ETN Velocityshares ( XIV ) is +0.53 at $28.28, with 272,639 shares traded. | The following are the most active stocks for the pre-market session : Ambev S.A. ( ABEV ) is +0.3 at $5.20, with 5,548,387 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". As reported by Zacks, the current mean recommendation for BUD is in the "buy range". | The following are the most active stocks for the pre-market session : Ambev S.A. ( ABEV ) is +0.3 at $5.20, with 5,548,387 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The NASDAQ 100 Pre-Market Indicator is up 1.56 to 4,361.84. |
28424.0 | 2015-09-14 00:00:00 UTC | Shares of Brazilian Brewer Ambev: Reassuringly Cheap | ABEV | https://www.nasdaq.com/articles/shares-brazilian-brewer-ambev-reassuringly-cheap-2015-09-14 | nan | nan | The market will be fixated on the Federal Reserve's two-day monetary policy this week, beginning on Wednesday; the first rate rise in nearly a decade is on the table -- the futures market puts the odds at one in four.
With China's stock market recording its worst performance in nearly three weeks, U.S. stocks opened lower on Monday morning. The Dow Jones Industrial Average and the benchmark S&P 500 index are down 0.61% and 0.65%, respectively, at 1 p.m. EDT.
ABEV data by YCharts .
As a result, at 19.5 times the next 12 months' earnings-per-share estimate, Ambev's shares now trade at an 8% discount to the average for their Global Beverages peer group, according to data from Bloomberg. That compare favorably to an average premium of 7% over the past five years.
For many years, Stella Artois, one of Ambev's premium beer brands, was promoted in the U.K. under the slogan "Reassuringly Expensive." For investors with macro-related jitters, Ambev's shares now look reassuringly cheap.
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The article Shares of Brazilian Brewer Ambev: Reassuringly Cheap originally appeared on Fool.com.
Alex Dumortier, CFA , has no position in any stocks mentioned. The Motley Fool owns and recommends Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABEV data by YCharts . As a result, at 19.5 times the next 12 months' earnings-per-share estimate, Ambev's shares now trade at an 8% discount to the average for their Global Beverages peer group, according to data from Bloomberg. For many years, Stella Artois, one of Ambev's premium beer brands, was promoted in the U.K. under the slogan "Reassuringly Expensive." | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ABEV data by YCharts . The Motley Fool has a disclosure policy . | ABEV data by YCharts . The market will be fixated on the Federal Reserve's two-day monetary policy this week, beginning on Wednesday; the first rate rise in nearly a decade is on the table -- the futures market puts the odds at one in four. With China's stock market recording its worst performance in nearly three weeks, U.S. stocks opened lower on Monday morning. | ABEV data by YCharts . With China's stock market recording its worst performance in nearly three weeks, U.S. stocks opened lower on Monday morning. For many years, Stella Artois, one of Ambev's premium beer brands, was promoted in the U.K. under the slogan "Reassuringly Expensive." |
28425.0 | 2015-09-08 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for September 09, 2015 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-september-09-2015-2015-09-08 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on September 09, 2015. A cash dividend payment of $0.041354 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 25.04% increase over the prior quarter. At the current stock price of $5.09, the dividend yield is 3.25%.
The previous trading day's last sale of ABEV was $5.09, representing a -29.7% decrease from the 52 week high of $7.24 and a 7.84% increase over the 52 week low of $4.72.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Anheuser-Busch Inbev SA ( BUD ) and Coca-Cola Company ( KO ). ABEV's current earnings per share, an indicator of a company's profitability, is $.28. Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as 5.19%, compared to an industry average of 11%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
EGShares Emerging Markets Consumer ETF ( ECON )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ).
The top-performing ETF of this group is ECON with an decrease of -21.57% over the last 100 days. It also has the highest percent weighting of ABEV at 6.18%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as 5.19%, compared to an industry average of 11%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? | A cash dividend payment of $0.041354 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). Ambev S.A. ( ABEV ) will begin trading ex-dividend on September 09, 2015. | A cash dividend payment of $0.041354 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABEV was $5.09, representing a -29.7% decrease from the 52 week high of $7.24 and a 7.84% increase over the 52 week low of $4.72. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). | A cash dividend payment of $0.041354 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. ABEV's current earnings per share, an indicator of a company's profitability, is $.28. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? |
28426.0 | 2015-09-04 00:00:00 UTC | Noteworthy ETF Outflows: ECON, ABEV, BRFS, CTRP | ABEV | https://www.nasdaq.com/articles/noteworthy-etf-outflows-econ-abev-brfs-ctrp-2015-09-04 | nan | nan | Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the EGShares Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $82.1 million dollar outflow -- that's a 9.8% decrease week over week (from 37,900,000 to 34,200,000). Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is off about 1.4%, BRF S.A. (Symbol: BRFS) is down about 1.2%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.4%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average:
Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.69 as the 52 week high point - that compares with a last trade of $22.02. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is off about 1.4%, BRF S.A. (Symbol: BRFS) is down about 1.2%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.4%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.69 as the 52 week high point - that compares with a last trade of $22.02. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is off about 1.4%, BRF S.A. (Symbol: BRFS) is down about 1.2%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.4%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.69 as the 52 week high point - that compares with a last trade of $22.02. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is off about 1.4%, BRF S.A. (Symbol: BRFS) is down about 1.2%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the EGShares Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $82.1 million dollar outflow -- that's a 9.8% decrease week over week (from 37,900,000 to 34,200,000). For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.69 as the 52 week high point - that compares with a last trade of $22.02. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is off about 1.4%, BRF S.A. (Symbol: BRFS) is down about 1.2%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.4%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $20.00 per share, with $28.69 as the 52 week high point - that compares with a last trade of $22.02. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). |
28427.0 | 2015-08-17 00:00:00 UTC | After Hours Most Active for Aug 17, 2015 : ABBV, ABEV, SUNE, CCP$, TSM, HST, URBN, ESPR, CENX, QQQ, CAR, MSFT | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-aug-17-2015-abbv-abev-sune-ccp-tsm-hst-urbn-espr-cenx-qqq-car-msft | nan | nan | The NASDAQ 100 After Hours Indicator is up .22 to 4,566.59. The total After hours volume is currently 19,071,913 shares traded.
The following are the most active stocks for the after hours session :
AbbVie Inc. ( ABBV ) is unchanged at $69.37, with 10,132,442 shares traded. As reported by Zacks, the current mean recommendation for ABBV is in the "buy range".
Ambev S.A. ( ABEV ) is +0.013 at $5.31, with 3,185,379 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
SunEdison, Inc. ( SUNE ) is +0.77 at $15.45, with 1,182,125 shares traded. As reported by Zacks, the current mean recommendation for SUNE is in the "buy range".
Care Capital Properties, Inc. (CCP$) is unchanged at $34.05, with 858,839 shares traded., following a 52-week high recorded in today's regular session.
Taiwan Semiconductor Manufacturing Company Ltd. ( TSM ) is unchanged at $20.28, with 571,398 shares traded. TSM's current last sale is 72.77% of the target price of $27.87.
Host Hotels & Resorts, Inc. ( HST ) is unchanged at $19.60, with 537,557 shares traded. HST's current last sale is 89.09% of the target price of $22.
Urban Outfitters, Inc. ( URBN ) is +1.87 at $34.10, with 486,649 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2016. The consensus EPS forecast is $0.73. RTT News Reports: Urban Outfitters Q2 Profit Tops Estimate
Esperion Therapeutics, Inc. ( ESPR ) is +7.48 at $82.99, with 392,396 shares traded. As reported by Zacks, the current mean recommendation for ESPR is in the "buy range".
Century Aluminum Company ( CENX ) is +0.0012 at $5.83, with 368,864 shares traded. As reported in the last short interest update the days to cover for CENX is 7.458827; this calculation is based on the average trading volume of the stock.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.02 at $111.45, with 358,656 shares traded. This represents a 23.5% increase from its 52 Week Low.
Avis Budget Group, Inc. ( CAR ) is unchanged at $46.90, with 328,780 shares traded. CAR's current last sale is 78.17% of the target price of $60.
Microsoft Corporation ( MSFT ) is +0.01 at $47.33, with 318,838 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2015. The consensus EPS forecast is $0.58. MSFT's current last sale is 90.15% of the target price of $52.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is +0.013 at $5.31, with 3,185,379 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Care Capital Properties, Inc. (CCP$) is unchanged at $34.05, with 858,839 shares traded., following a 52-week high recorded in today's regular session. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) is +0.013 at $5.31, with 3,185,379 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". | Ambev S.A. ( ABEV ) is +0.013 at $5.31, with 3,185,379 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the after hours session : AbbVie Inc. ( ABBV ) is unchanged at $69.37, with 10,132,442 shares traded. | As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Ambev S.A. ( ABEV ) is +0.013 at $5.31, with 3,185,379 shares traded. The following are the most active stocks for the after hours session : AbbVie Inc. ( ABBV ) is unchanged at $69.37, with 10,132,442 shares traded. |
28428.0 | 2015-08-04 00:00:00 UTC | Constellation Brands Boosts Portfolio with Meiomi Buy - Analyst Blog | ABEV | https://www.nasdaq.com/articles/constellation-brands-boosts-portfolio-with-meiomi-buy-analyst-blog-2015-08-04 | nan | nan | Constellation Brands Inc.STZ has successfully closed its previously announced acquisition of luxury wine brand - Meiomi. The company had inked a $315 million deal to buy Meiomi from Copper Cane LLC in July this year.
Through this acquisition the company gained the rights to the Meiomi trademark and associated stock of pinot noir and chardonnay. We note that Meiomi's pinot noir has been regarded as the best in terms of sales growth across all pinot noir price points over the last 3 months.
The integration of Meiomi is likely to enhance Constellation Brands' robust brand portfolio, given the former's high-growth, large-scale and high-margin business. Further, the addition of Meiomi is anticipated to augment the company's fiscal 2016 earnings per share by 3-4 cents.
Constellation Brands has a strong portfolio of well-known brands like Robert Mondavi, Clos du Bois, Arbor Mist and Blackstone. Alongside these premium wine brands, the company boasts of spirits, imported beer and other select beverage alcohol products.
Apart from this, the company, which shares space with Ambev S.A. ABEV and Castle Brands Inc. ROX , is focused on expanding its operations in order to achieve business growth. The company has been entering into agreements and joint ventures to support this strategy. Before the Meiomi wine brand acquisition, the company entered into a joint venture with Owens-Illinois to gain possession and operational rights of a glass plant. With this transaction, Constellation Brands intends to supply for more than 50% of the glass demand and tap significant opportunities in its U.S. beer business.
Constellation Brands began fiscal 2016 on a solid note as the company's top and bottom-line results for the first quarter exceeded expectations and improved year over year. Moreover, its sturdy performance encouraged management to raise its fiscal 2016 outlook. This Zacks Rank #2 (Buy) company now envisions adjusted earnings in the range of $4.80-$5.00 per share, up from $4.70-$4.90 expected earlier. Moreover, the company expects its beer segment's net sales for the fiscal to grow nearly 10%, with mid-to-high single-digit volume growth.
Another favorably placed stock in the beverages-alcohol industry is Brown-Forman Corp. BF.B , carrying a Zacks Rank #2.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Apart from this, the company, which shares space with Ambev S.A. ABEV and Castle Brands Inc. ROX , is focused on expanding its operations in order to achieve business growth. Click to get this free report BROWN FORMAN B (BF.B): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report CASTLE BRANDS (ROX): Free Stock Analysis Report To read this article on Zacks.com click here. Alongside these premium wine brands, the company boasts of spirits, imported beer and other select beverage alcohol products. | Click to get this free report BROWN FORMAN B (BF.B): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report CASTLE BRANDS (ROX): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from this, the company, which shares space with Ambev S.A. ABEV and Castle Brands Inc. ROX , is focused on expanding its operations in order to achieve business growth. Before the Meiomi wine brand acquisition, the company entered into a joint venture with Owens-Illinois to gain possession and operational rights of a glass plant. | Click to get this free report BROWN FORMAN B (BF.B): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report CASTLE BRANDS (ROX): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from this, the company, which shares space with Ambev S.A. ABEV and Castle Brands Inc. ROX , is focused on expanding its operations in order to achieve business growth. Before the Meiomi wine brand acquisition, the company entered into a joint venture with Owens-Illinois to gain possession and operational rights of a glass plant. | Apart from this, the company, which shares space with Ambev S.A. ABEV and Castle Brands Inc. ROX , is focused on expanding its operations in order to achieve business growth. Click to get this free report BROWN FORMAN B (BF.B): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report CASTLE BRANDS (ROX): Free Stock Analysis Report To read this article on Zacks.com click here. The integration of Meiomi is likely to enhance Constellation Brands' robust brand portfolio, given the former's high-growth, large-scale and high-margin business. |
28429.0 | 2015-07-28 00:00:00 UTC | After Hours Most Active for Jul 28, 2015 : TWTR, SIG, JD, PRXL, ACWI, T, ABEV, MRK, BAC, GILD, UTIW, FB | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-jul-28-2015-twtr-sig-jd-prxl-acwi-t-abev-mrk-bac-gild-utiw-fb-2015 | nan | nan | The NASDAQ 100 After Hours Indicator is up 7.84 to 4,568.07. The total After hours volume is currently 35,736,113 shares traded.
The following are the most active stocks for the after hours session :
Twitter, Inc. ( TWTR ) is +1.8 at $38.34, with 8,727,765 shares traded. RTT News Reports: Twitter Q2 Results Top Estimates
Signet Jewelers Limited ( SIG ) is unchanged at $120.87, with 6,658,545 shares traded. As reported by Zacks, the current mean recommendation for SIG is in the "buy range".
JD.com, Inc. ( JD ) is unchanged at $32.48, with 6,079,526 shares traded. As reported by Zacks, the current mean recommendation for JD is in the "buy range".
PAREXEL International Corporation ( PRXL ) is +0.0137 at $68.41, with 4,478,767 shares traded. As reported in the last short interest update the days to cover for PRXL is 8.494202; this calculation is based on the average trading volume of the stock.
iShares MSCI ACWI Index Fund ( ACWI ) is -0.0779 at $59.45, with 3,620,552 shares traded. This represents a 8.99% increase from its 52 Week Low.
AT&T Inc. ( T ) is +0.02 at $34.35, with 2,457,154 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2015. The consensus EPS forecast is $0.65. As reported in the last short interest update the days to cover for T is 10.455551; this calculation is based on the average trading volume of the stock.
Ambev S.A. ( ABEV ) is +0.02 at $5.58, with 1,664,264 shares traded.ABEV is scheduled to provide an earnings report on 7/30/2015, for the fiscal quarter ending Jun2015. The consensus earnings per share forecast is 0.05 per share, which represents a 6 percent increase over the EPS one Year Ago
Merck & Company, Inc. ( MRK ) is +0.55 at $58.07, with 1,401,854 shares traded. RTT News Reports: Merck Q2 Adj. Profit Tops View, But Sales Miss; Boosts 2015 Adj. EPS Outlook
Bank of America Corporation ( BAC ) is +0.04 at $17.92, with 1,373,813 shares traded. Over the last four weeks they have had 9 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2015. The consensus EPS forecast is $0.36. As reported by Zacks, the current mean recommendation for BAC is in the "buy range".
Gilead Sciences, Inc. ( GILD ) is +3.33 at $116.40, with 1,250,759 shares traded. RTT News Reports: Gilead Sciences Q2 Profit Tops Estimates; Updates Full Year Guidance
UTi Worldwide Inc. ( UTIW ) is +0.0016 at $8.19, with 878,503 shares traded. As reported in the last short interest update the days to cover for UTIW is 11.91326; this calculation is based on the average trading volume of the stock.
Facebook, Inc. ( FB ) is +0.757 at $96.05, with 572,241 shares traded.FB is scheduled to provide an earnings report on 7/29/2015, for the fiscal quarter ending Jun2015. The consensus earnings per share forecast is 0.31 per share, which represents a 30 percent increase over the EPS one Year Ago
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is +0.02 at $5.58, with 1,664,264 shares traded.ABEV is scheduled to provide an earnings report on 7/30/2015, for the fiscal quarter ending Jun2015. RTT News Reports: Twitter Q2 Results Top Estimates Signet Jewelers Limited ( SIG ) is unchanged at $120.87, with 6,658,545 shares traded. As reported in the last short interest update the days to cover for PRXL is 8.494202; this calculation is based on the average trading volume of the stock. | Ambev S.A. ( ABEV ) is +0.02 at $5.58, with 1,664,264 shares traded.ABEV is scheduled to provide an earnings report on 7/30/2015, for the fiscal quarter ending Jun2015. The consensus earnings per share forecast is 0.05 per share, which represents a 6 percent increase over the EPS one Year Ago Merck & Company, Inc. ( MRK ) is +0.55 at $58.07, with 1,401,854 shares traded. RTT News Reports: Gilead Sciences Q2 Profit Tops Estimates; Updates Full Year Guidance UTi Worldwide Inc. ( UTIW ) is +0.0016 at $8.19, with 878,503 shares traded. | Ambev S.A. ( ABEV ) is +0.02 at $5.58, with 1,664,264 shares traded.ABEV is scheduled to provide an earnings report on 7/30/2015, for the fiscal quarter ending Jun2015. The consensus earnings per share forecast is 0.05 per share, which represents a 6 percent increase over the EPS one Year Ago Merck & Company, Inc. ( MRK ) is +0.55 at $58.07, with 1,401,854 shares traded. RTT News Reports: Gilead Sciences Q2 Profit Tops Estimates; Updates Full Year Guidance UTi Worldwide Inc. ( UTIW ) is +0.0016 at $8.19, with 878,503 shares traded. | Ambev S.A. ( ABEV ) is +0.02 at $5.58, with 1,664,264 shares traded.ABEV is scheduled to provide an earnings report on 7/30/2015, for the fiscal quarter ending Jun2015. AT&T Inc. ( T ) is +0.02 at $34.35, with 2,457,154 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2015. |
28430.0 | 2015-07-17 00:00:00 UTC | Constellation Brands (STZ) Amends Terms of Credit Facility - Analyst Blog | ABEV | https://www.nasdaq.com/articles/constellation-brands-stz-amends-terms-of-credit-facility-analyst-blog-2015-07-17 | nan | nan | Constellation Brands Inc.STZ has announced the amendment to its senior credit facility. This extension coupled with the company's strong cash flow is expected will enhance its financial flexibility.
It is to be noted that Constellation Brands' revolving credit facility has been hiked by $300 million to $1.15 billion. Additionally, a new $1.27 billion U.S. Term A loan facility has been created by combining the existing U.S. Term A and Term A-2 loan facilities which have been increased by the tune of $200 million. Also, the existing European Term A loan and European Term B-1 loan facilities has been merged to form a new European Term A loan facility of $1.43 billion.
The amended facilities are slated to mature in Jul 16, 2020. The maturity of the U.S. Term A-1 loan facility has been extended to Jul 16, 2021, though its amount of $241.9 million remains the same.
Apart from enjoying higher borrowing capacity and extended term, the company can also avail lower interest rate.
The company which share space with Ambev S.A. ABEV , intends to use the proceeds from the increase in the U.S. Term A loan facility to fund a fraction of the upcoming Meiomi wine brand acquisition. On the other hand, the new revolving credit facility currently remains unused.
Constellation Brands currently carries a Zacks Rank #2 (Buy). Other favorably placed stocks in the same industry include Castle Brands Inc. ROX and Molson Coors Brewing Company TAP . Both stocks carry a Zacks Rank #2.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company which share space with Ambev S.A. ABEV , intends to use the proceeds from the increase in the U.S. Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report CASTLE BRANDS (ROX): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from enjoying higher borrowing capacity and extended term, the company can also avail lower interest rate. | Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report CASTLE BRANDS (ROX): Free Stock Analysis Report To read this article on Zacks.com click here. The company which share space with Ambev S.A. ABEV , intends to use the proceeds from the increase in the U.S. Also, the existing European Term A loan and European Term B-1 loan facilities has been merged to form a new European Term A loan facility of $1.43 billion. | Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report CASTLE BRANDS (ROX): Free Stock Analysis Report To read this article on Zacks.com click here. The company which share space with Ambev S.A. ABEV , intends to use the proceeds from the increase in the U.S. Term A and Term A-2 loan facilities which have been increased by the tune of $200 million. | The company which share space with Ambev S.A. ABEV , intends to use the proceeds from the increase in the U.S. Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report CASTLE BRANDS (ROX): Free Stock Analysis Report To read this article on Zacks.com click here. It is to be noted that Constellation Brands' revolving credit facility has been hiked by $300 million to $1.15 billion. |
28431.0 | 2015-07-13 00:00:00 UTC | Anheuser-Busch InBev SA/NV (BUD) Catches Eye: Stock Up 5.2% - Tale of the Tape | ABEV | https://www.nasdaq.com/articles/anheuser-busch-inbev-sa-nv-bud-catches-eye%3A-stock-up-5.2-tale-of-the-tape-2015-07-13 | nan | nan | Anheuser-Busch InBev SA/NV ( BUD ) was a big mover last session, as the company saw its shares rise over 5% on the day. This jump can be attributable to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $118.41 to $126.17 in the past one-month time frame.
In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
Anheuser-Busch InBev SA/NV currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy). Is BUD going up? Or down? Predict to see what others think: Up or Down
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy). Click to get this free report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Anheuser-Busch InBev SA/NV ( BUD ) was a big mover last session, as the company saw its shares rise over 5% on the day. | Click to get this free report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research? | Click to get this free report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy). Anheuser-Busch InBev SA/NV ( BUD ) was a big mover last session, as the company saw its shares rise over 5% on the day. | An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy). Click to get this free report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Anheuser-Busch InBev SA/NV ( BUD ) was a big mover last session, as the company saw its shares rise over 5% on the day. |
28432.0 | 2015-07-10 00:00:00 UTC | After Hours Most Active for Jul 10, 2015 : QCOM, VALE, ABEV, HAL, T, BAC, DTV, AAPL, FOXA, CMCSA, SCHW, MSFT | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-jul-10-2015-qcom-vale-abev-hal-t-bac-dtv-aapl-foxa-cmcsa-schw-msft | nan | nan | The NASDAQ 100 After Hours Indicator is down -.66 to 4,419.49. The total After hours volume is currently 23,582,030 shares traded.
The following are the most active stocks for the after hours session :
QUALCOMM Incorporated ( QCOM ) is unchanged at $62.73, with 2,031,035 shares traded. As reported by Zacks, the current mean recommendation for QCOM is in the "buy range".
VALE S.A. ( VALE ) is +0.01 at $5.44, with 1,109,061 shares traded. VALE's current last sale is 90.67% of the target price of $6.
Ambev S.A. ( ABEV ) is -0.0108 at $6.15, with 1,031,268 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Halliburton Company ( HAL ) is +0.12 at $41.45, with 795,640 shares traded. As reported by Zacks, the current mean recommendation for HAL is in the "buy range".
AT&T Inc. ( T ) is -0.02 at $34.63, with 750,023 shares traded. As reported in the last short interest update the days to cover for T is 10.007886; this calculation is based on the average trading volume of the stock.
Bank of America Corporation ( BAC ) is unchanged at $16.70, with 744,657 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2015. The consensus EPS forecast is $0.36. BAC is scheduled to provide an earnings report on 7/15/2015, for the fiscal quarter ending Jun2015. The consensus earnings per share forecast is 0.36 per share, which represents a 31 percent increase over the EPS one Year Ago
DIRECTV ( DTV ) is unchanged at $92.40, with 636,834 shares traded. DTV's current last sale is 97.26% of the target price of $95.
Apple Inc. ( AAPL ) is -0.1 at $123.18, with 630,029 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2015. The consensus EPS forecast is $1.78. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Twenty-First Century Fox, Inc. ( FOXA ) is unchanged at $33.11, with 577,040 shares traded. As reported by Zacks, the current mean recommendation for FOXA is in the "buy range".
Comcast Corporation ( CMCSA ) is -0.8479 at $62.34, with 570,847 shares traded. As reported by Zacks, the current mean recommendation for CMCSA is in the "buy range".
The Charles Schwab Corporation ( SCHW ) is -0.03 at $32.80, with 570,146 shares traded.SCHW is scheduled to provide an earnings report on 7/16/2015, for the fiscal quarter ending Jun2015. The consensus earnings per share forecast is 0.24 per share, which represents a 23 percent increase over the EPS one Year Ago
Microsoft Corporation ( MSFT ) is unchanged at $44.61, with 538,518 shares traded. MSFT's current last sale is 84.17% of the target price of $53.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is -0.0108 at $6.15, with 1,031,268 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the after hours session : QUALCOMM Incorporated ( QCOM ) is unchanged at $62.73, with 2,031,035 shares traded. | Ambev S.A. ( ABEV ) is -0.0108 at $6.15, with 1,031,268 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". BAC is scheduled to provide an earnings report on 7/15/2015, for the fiscal quarter ending Jun2015. | Ambev S.A. ( ABEV ) is -0.0108 at $6.15, with 1,031,268 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The consensus earnings per share forecast is 0.36 per share, which represents a 31 percent increase over the EPS one Year Ago DIRECTV ( DTV ) is unchanged at $92.40, with 636,834 shares traded. | Ambev S.A. ( ABEV ) is -0.0108 at $6.15, with 1,031,268 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". AT&T Inc. ( T ) is -0.02 at $34.63, with 750,023 shares traded. |
28433.0 | 2015-07-09 00:00:00 UTC | Compania Cervecerias Unidas S.A. (CCU) Catches Eye: Stock Up 5% - Tale of the Tape | ABEV | https://www.nasdaq.com/articles/compania-cervecerias-unidas-s.a.-ccu-catches-eye%3A-stock-up-5-tale-of-the-tape-2015-07-09 | nan | nan | Compania Cervecerias Unidas S.A. ( CCU ) was a big mover last session, as the company saw its shares rise 5% on the day. This jump can be attributable to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $20.76 to $22.12 in the past one-month time frame, showed a pick-up yesterday at $22.00.
In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
Compania Cervecerias Unidas S.A. currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy). Click to get this free report CERV UNIDAS-ADR (CCU): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Compania Cervecerias Unidas S.A. ( CCU ) was a big mover last session, as the company saw its shares rise 5% on the day. | Click to get this free report CERV UNIDAS-ADR (CCU): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? | Click to get this free report CERV UNIDAS-ADR (CCU): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy). Compania Cervecerias Unidas S.A. ( CCU ) was a big mover last session, as the company saw its shares rise 5% on the day. | An attractive stock in the same industry worth considering includes Ambev S.A. ( ABEV ) carrying a Zacks Rank #2 (Buy). Click to get this free report CERV UNIDAS-ADR (CCU): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Compania Cervecerias Unidas S.A. ( CCU ) was a big mover last session, as the company saw its shares rise 5% on the day. |
28434.0 | 2015-07-01 00:00:00 UTC | Constellation Brands Tops Q1 Earnings & Sales, Raises View - Analyst Blog | ABEV | https://www.nasdaq.com/articles/constellation-brands-tops-q1-earnings-sales-raises-view-analyst-blog-2015-07-01 | nan | nan | Constellation Brands Inc.STZ started fiscal 2016 on a spectacular note, as the company's first-quarter top- and bottom-line results exceeded expectations and improved year over year, thereby encouraging management to raise its outlook for the fiscal year.
Results were mainly backed by strength in the company's beer business, improving trends at its wine business, solid sales and depletion volumes at its spirits business.
The company's adjusted earnings for the first quarter of fiscal 2016 jumped 18% year over year to $1.26 per share, cruising much ahead of the Zacks Consensus Estimate of $1.22.
On a reported basis, the company registered earnings of $1.18 per share that rose 15% from the year-ago comparable quarter figure.
Net sales in the reported quarter advanced nearly 7% to $1,631.3 million from $1,526 million in the first quarter of fiscal 2015. On a currency adjusted basis, net sales rose 8% in the quarter. Moreover, the company's top line came ahead of the Zacks Consensus Estimate of $1,615 million.
The year-over-year increase in the top line was attributable to strong volumes at the beer business, which drove 11% growth in that segment. Meanwhile, wine and spirits' sales improved 4% year over year, on a constant currency basis, mainly backed by greater shipment volume and favorable mix.
Cost and Margin Performance
Adjusted gross profit for the quarter surged 10% year over year to $745.7 million. Consequently, adjusted gross profit margin expanded 130 basis points (bps) to 45.7%.
Constellation Brands' adjusted operating income escalated 12% to nearly $454.2 million, with the adjusted operating margin expanding 130 bps to 27.8%. This was primarily driven by higher operating income at the beer business, which in turn gained from higher volume and effective pricing.
Financial Position
Constellation Brands ended the quarter with cash and cash equivalents of $130.7 million. As of May 31, 2015, the company had $7,038.2 million of long-term debt (excluding current maturities) and its total shareholders' equity stood at $6,051.9 million.
During the quarter, Constellation Brands generated $205.7 million of cash from operations and free cash flow of $76 million.
On Jun 30, 2015, the company declared a quarterly cash dividend of 31 cents per share on Class A shares and 28 cents per share on Class B shares, payable on Aug 25, to shareholders on record as of Aug 11, 2015.
Other Developments
Concurrent with this press release, Constellation Brands announced plans to acquire the Meiomi wine brand for $315 million. The integration of Meiomi is likely to enhance Constellation Brands' robust brand portfolio, given Meiomi's high-growth, large-scale and high-margin business.
Also, the deal, which is expected to conclude at the beginning of August, is anticipated to augment fiscal 2016 earnings per share by 3-4 cents.
Fiscal 2016 Outlook
Following the spectacular start to the year, management raised its earnings outlook for fiscal 2016. Constellation Brands now envisions adjusted earnings in the range of $4.80-$5.00 per share, up from $4.70-$4.90 expected earlier.
On a reported basis, earnings per share in fiscal 2016 are now anticipated to range from $4.60-$4.80, higher than the previous guidance range of $4.55-$4.75.
The company expects its beer segment's net sales for the fiscal to grow nearly 10%, with mid-to-high single-digit volume growth. Operating income at the beer business is expected to increase 13%-15%, compared with a 10%-12% rise projected earlier. On the other hand, the company's wine and spirits business' sales and operating income are still expected to grow in the low-to-mid single-digit range.
Certain factors were taken into consideration before providing the earnings guidance, such as an interest expense expectation in the range of $325-$335 million, an approximate tax rate of 30.5% and weighted average diluted shares outstanding of approximately 204 million.
Moreover, the company continues to expect capital expenditures in the range of $1.05-$1.15 billion for fiscal 2016. This is expected to include $950 million to $1.05 billion for the beer business. Further, the company still hopes to generate free cash flow in the range of $100-$200 million. Also, the company maintains its operating cash flow projection in the range of $1.15-$1.35 billion.
Zacks Rank
Constellation Brands currently carries a Zacks Rank #2 (Buy). Other well-ranked stocks in the related beverages-alcohol industry include Ambev S.A. ABEV , Anheuser-Busch InBev SA/NV BUD and Brown-Forman Corp. BF.B , each carrying a Zacks Rank #2.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other well-ranked stocks in the related beverages-alcohol industry include Ambev S.A. ABEV , Anheuser-Busch InBev SA/NV BUD and Brown-Forman Corp. BF.B , each carrying a Zacks Rank #2. Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. The company expects its beer segment's net sales for the fiscal to grow nearly 10%, with mid-to-high single-digit volume growth. | Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-ranked stocks in the related beverages-alcohol industry include Ambev S.A. ABEV , Anheuser-Busch InBev SA/NV BUD and Brown-Forman Corp. BF.B , each carrying a Zacks Rank #2. Constellation Brands' adjusted operating income escalated 12% to nearly $454.2 million, with the adjusted operating margin expanding 130 bps to 27.8%. | Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Other well-ranked stocks in the related beverages-alcohol industry include Ambev S.A. ABEV , Anheuser-Busch InBev SA/NV BUD and Brown-Forman Corp. BF.B , each carrying a Zacks Rank #2. Constellation Brands Inc.STZ started fiscal 2016 on a spectacular note, as the company's first-quarter top- and bottom-line results exceeded expectations and improved year over year, thereby encouraging management to raise its outlook for the fiscal year. | Other well-ranked stocks in the related beverages-alcohol industry include Ambev S.A. ABEV , Anheuser-Busch InBev SA/NV BUD and Brown-Forman Corp. BF.B , each carrying a Zacks Rank #2. Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. The company's adjusted earnings for the first quarter of fiscal 2016 jumped 18% year over year to $1.26 per share, cruising much ahead of the Zacks Consensus Estimate of $1.22. |
28435.0 | 2015-06-24 00:00:00 UTC | Anheuser-Busch (BUD) Unveils Game Plan for U.S. Operations - Analyst Blog | ABEV | https://www.nasdaq.com/articles/anheuser-busch-bud-unveils-game-plan-for-u.s.-operations-analyst-blog-2015-06-24 | nan | nan | Anheuser-Busch, the St. Louis-based unit of Anheuser-Busch InBev SA/NVBUD or AB InBev, plans to invest over $1.5 billion in its U.S. operations with a view to strengthen the position of its brands in the country. The company will mainly focus on the areas of U.S. brewing, agriculture, packaging and distribution.
A break-up of the total investment indicates that more than half ($850 million) of amount will be spent on projects focused on brewery and packaging expansion. Of the remaining investment, about $220 million will be allocated toward product innovation programs and $720 million toward efficiency efforts. These investments aim at improving the company's brands while developing the local communities and will be made over the next three years.
Some of the projects that are underway include, a $150 million project to increase the capacity of the company's Metal Container Corporation facility in St. Louis area in order to boost production of the Bud Light aluminum bottles and a $45 million investment to construct a new can line and expand the warehouse capacity at the Fort Collins brewery to enhance the production of the slim, 12-ounce cans. Other investments include an $18 million sustainability project at the Columbus brewery that will improve energy efficiency; $12 million investment at its St-Louis brewery to improve resource conservation and support new innovations; and $11 million across multiple breweries for developing and producing new products like Bud Light MIXXTAILs and Oculto.
Anheuser-Busch has always displayed sustained growth through investments in local communities that improves the visibility into future projects. Some such investments that have benefited its operations include environmental sustainability initiatives that drive water conservation, energy savings, and recycling efforts for its breweries.
In the past, Anheuser-Busch has spent over $1 billion on U.S. operations between 2011 and 2014, including investments in resources to uphold modern brewing processes, advance environmental projects, and to install equipment for new products and innovations. These investments not only helped the company to launch several new products and to expand its footprint in the flavored malt beverage (FMB) and cider categories but also to woo consumers with new packaging of its core brands.
This announcement comes at a time when the beer maker is witnessing soft sales of its core brands, namely Budweiser and Bud Light, in the U.S. This, however, has been offset by strength in sales of these brands in Brazil, China, Argentina and Chile and thus bears no impact on the company's overall sales.
The company registered organic revenue growth of 7.6% in fourth-quarter 2014, driven by its ongoing revenue management initiatives and enhanced brand mix due to its premiumization strategies. Further, AB InBev remains optimistic of revenue growth in 2015 as it expects industry volumes to improve in the U.S., Mexico, Brazil and China.
Moreover, the U.S. Anheuser-Busch parent intends to make capital expenditure of $4.3 billion in 2015, mainly to be invested in its consumer and commercial initiatives, and capacity expansion.
AB InBev currently has a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the beverages-alcohol industry include Constellation Brands Inc. STZ , Ambev S.A. ABEV and SABMiller plc SBMRY , each carrying a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Better-ranked stocks in the beverages-alcohol industry include Constellation Brands Inc. STZ , Ambev S.A. ABEV and SABMiller plc SBMRY , each carrying a Zacks Rank #2 (Buy). Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report SABMILLER PLC (SBMRY): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Some of the projects that are underway include, a $150 million project to increase the capacity of the company's Metal Container Corporation facility in St. Louis area in order to boost production of the Bud Light aluminum bottles and a $45 million investment to construct a new can line and expand the warehouse capacity at the Fort Collins brewery to enhance the production of the slim, 12-ounce cans. | Stocks to Consider Better-ranked stocks in the beverages-alcohol industry include Constellation Brands Inc. STZ , Ambev S.A. ABEV and SABMiller plc SBMRY , each carrying a Zacks Rank #2 (Buy). Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report SABMILLER PLC (SBMRY): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Other investments include an $18 million sustainability project at the Columbus brewery that will improve energy efficiency; $12 million investment at its St-Louis brewery to improve resource conservation and support new innovations; and $11 million across multiple breweries for developing and producing new products like Bud Light MIXXTAILs and Oculto. | Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report SABMILLER PLC (SBMRY): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the beverages-alcohol industry include Constellation Brands Inc. STZ , Ambev S.A. ABEV and SABMiller plc SBMRY , each carrying a Zacks Rank #2 (Buy). Some of the projects that are underway include, a $150 million project to increase the capacity of the company's Metal Container Corporation facility in St. Louis area in order to boost production of the Bud Light aluminum bottles and a $45 million investment to construct a new can line and expand the warehouse capacity at the Fort Collins brewery to enhance the production of the slim, 12-ounce cans. | Stocks to Consider Better-ranked stocks in the beverages-alcohol industry include Constellation Brands Inc. STZ , Ambev S.A. ABEV and SABMiller plc SBMRY , each carrying a Zacks Rank #2 (Buy). Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report SABMILLER PLC (SBMRY): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Anheuser-Busch, the St. Louis-based unit of Anheuser-Busch InBev SA/NVBUD or AB InBev, plans to invest over $1.5 billion in its U.S. operations with a view to strengthen the position of its brands in the country. |
28436.0 | 2015-06-16 00:00:00 UTC | ECON, ABEV, BRFS, CTRP: ETF Outflow Alert | ABEV | https://www.nasdaq.com/articles/econ-abev-brfs-ctrp-etf-outflow-alert-2015-06-16 | nan | nan | Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the EGShares Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $36.6 million dollar outflow -- that's a 3.5% decrease week over week (from 40,000,000 to 38,600,000). Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 1.1%, BRF S.A. (Symbol: BRFS) is up about 0.8%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.6%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average:
Looking at the chart above, ECON's low point in its 52 week range is $23.50 per share, with $28.91 as the 52 week high point - that compares with a last trade of $25.90. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 1.1%, BRF S.A. (Symbol: BRFS) is up about 0.8%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.6%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.50 per share, with $28.91 as the 52 week high point - that compares with a last trade of $25.90. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 1.1%, BRF S.A. (Symbol: BRFS) is up about 0.8%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.6%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.50 per share, with $28.91 as the 52 week high point - that compares with a last trade of $25.90. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 1.1%, BRF S.A. (Symbol: BRFS) is up about 0.8%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.6%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the EGShares Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $36.6 million dollar outflow -- that's a 3.5% decrease week over week (from 40,000,000 to 38,600,000). For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.50 per share, with $28.91 as the 52 week high point - that compares with a last trade of $25.90. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 1.1%, BRF S.A. (Symbol: BRFS) is up about 0.8%, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 2.6%. For a complete list of holdings, visit the ECON Holdings page » The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.50 per share, with $28.91 as the 52 week high point - that compares with a last trade of $25.90. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). |
28437.0 | 2015-06-16 00:00:00 UTC | Constellation Brands (STZ) Names David Klein as New CFO - Analyst Blog | ABEV | https://www.nasdaq.com/articles/constellation-brands-stz-names-david-klein-as-new-cfo-analyst-blog-2015-06-16 | nan | nan | Constellation Brands Inc.STZ announced that its Chief Financial Officer (CFO) Bob Ryder will be leaving the company shortly, making way for David Klein. Apart from being the SVP, Treasurer, Controller and CFO of the company's ex-European business, Klein has also been the CFO of the company's beer division.
Ryder will vacate his office after the company finishes filing its 10-Q for first-quarter fiscal 2016 with the Securities and Exchange Commission. Shares of the company closed at $117.03, down 2.9%, yesterday. Ryder, who joined Constellation Brands as CFO in 2007, stated that he is leaving the company in order to "seek new challenges and explore external opportunities."
We note that the company has been recruiting people and creating new posts from the beginning of this year to enhance growth. In Jan 2015, it appointed Bill Newlands as its Chief Growth Officer, a newly created position, to ensure smooth execution of its long-term growth strategies.
Newlands is responsible for leading corporate strategy and business development to accelerate new product development and innovation efforts, leverage strategic insights and identify synergies in channel management in order to position the company for continued high performance well into the future.
Again in May 2015, Constellation Brands appointed Jared Fix as the Chief Marketing Officer for its Wine & Spirits division. The company expects to boost its entire product portfolio with Fix's expertise and industry knowledge.
We expect these new managerial changes will help the company to keep up its current performance and counter competition and economic headwinds. Constellation Brands ended fiscal 2015 on a strong note, propelled by the strength in its Mexican beer business and improved spirits results. The strong performance, along with a favorable fiscal 2016 outlook is well reflected from the company's Zacks Rank #2 (Buy).
Other favorably-placed stocks in the same industry include Ambev S.A. ABEV , SABMiller plc SBMRY and Tsingtao Brewery Company Ltd. TSGTY . All three stocks carry a Zacks Rank #2.
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CONSTELLATN BRD (STZ): Free Stock Analysis Report
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TSINGTAO BREWRY (TSGTY): Free Stock Analysis Report
AMBEV-PR ADR (ABEV): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other favorably-placed stocks in the same industry include Ambev S.A. ABEV , SABMiller plc SBMRY and Tsingtao Brewery Company Ltd. TSGTY . Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report SABMILLER PLC (SBMRY): Free Stock Analysis Report TSINGTAO BREWRY (TSGTY): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Constellation Brands Inc.STZ announced that its Chief Financial Officer (CFO) Bob Ryder will be leaving the company shortly, making way for David Klein. | Other favorably-placed stocks in the same industry include Ambev S.A. ABEV , SABMiller plc SBMRY and Tsingtao Brewery Company Ltd. TSGTY . Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report SABMILLER PLC (SBMRY): Free Stock Analysis Report TSINGTAO BREWRY (TSGTY): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report SABMILLER PLC (SBMRY): Free Stock Analysis Report TSINGTAO BREWRY (TSGTY): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Other favorably-placed stocks in the same industry include Ambev S.A. ABEV , SABMiller plc SBMRY and Tsingtao Brewery Company Ltd. TSGTY . Constellation Brands Inc.STZ announced that its Chief Financial Officer (CFO) Bob Ryder will be leaving the company shortly, making way for David Klein. | Other favorably-placed stocks in the same industry include Ambev S.A. ABEV , SABMiller plc SBMRY and Tsingtao Brewery Company Ltd. TSGTY . Click to get this free report CONSTELLATN BRD (STZ): Free Stock Analysis Report SABMILLER PLC (SBMRY): Free Stock Analysis Report TSINGTAO BREWRY (TSGTY): Free Stock Analysis Report AMBEV-PR ADR (ABEV): Free Stock Analysis Report To read this article on Zacks.com click here. Constellation Brands Inc.STZ announced that its Chief Financial Officer (CFO) Bob Ryder will be leaving the company shortly, making way for David Klein. |
28438.0 | 2015-06-05 00:00:00 UTC | ECON, LLSP: Big ETF Outflows | ABEV | https://www.nasdaq.com/articles/econ-llsp-big-etf-outflows-2015-06-05 | nan | nan | Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the EGShares Emerging Markets Consumer ETF ( ECON ), where 4,700,000 units were destroyed, or a 10.5% decrease week over week. Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is up about 0.7%, and Ctrip.com International ( CTRP ) is higher by about 2.7%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P 500 Bull 1.25x Shares ( LLSP ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of LLSP, in morning trading today Spdr Standard and Poors 500 ETF ( SPY ) is trading flat.
VIDEO: ECON, LLSP: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is up about 0.7%, and Ctrip.com International ( CTRP ) is higher by about 2.7%. And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P 500 Bull 1.25x Shares ( LLSP ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. VIDEO: ECON, LLSP: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is up about 0.7%, and Ctrip.com International ( CTRP ) is higher by about 2.7%. Among the largest underlying components of LLSP, in morning trading today Spdr Standard and Poors 500 ETF ( SPY ) is trading flat. VIDEO: ECON, LLSP: Big ETF Outflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is up about 0.7%, and Ctrip.com International ( CTRP ) is higher by about 2.7%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the EGShares Emerging Markets Consumer ETF ( ECON ), where 4,700,000 units were destroyed, or a 10.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P 500 Bull 1.25x Shares ( LLSP ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. | Among the largest underlying components of ECON, in morning trading today Ambev ( ABEV ) is up about 0.7%, and Ctrip.com International ( CTRP ) is higher by about 2.7%. Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the EGShares Emerging Markets Consumer ETF ( ECON ), where 4,700,000 units were destroyed, or a 10.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P 500 Bull 1.25x Shares ( LLSP ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. |
28439.0 | 2015-06-03 00:00:00 UTC | Wednesday's ETF with Unusual Volume: ECON | ABEV | https://www.nasdaq.com/articles/wednesdays-etf-unusual-volume-econ-2015-06-03 | nan | nan | The EGShares Emerging Markets Consumer ETF ( ECON ) is seeing unusually high volume in afternoon trading Wednesday, with over 878,000 shares traded versus three month average volume of about 164,000. Shares of ECON were down about 1.6% on the day.
Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading off about 0.7% with over 8.0 million shares changing hands so far this session, and Vipshop Holdings ( VIPS ), up about 1.1% on volume of over 2.9 million shares. Ctrip.com International Limited ( CTRP ) is lagging other components of the EGShares Emerging Markets Consumer ETF Wednesday, trading lower by about 2.5%.
VIDEO: Wednesday's ETF with Unusual Volume: ECON
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading off about 0.7% with over 8.0 million shares changing hands so far this session, and Vipshop Holdings ( VIPS ), up about 1.1% on volume of over 2.9 million shares. The EGShares Emerging Markets Consumer ETF ( ECON ) is seeing unusually high volume in afternoon trading Wednesday, with over 878,000 shares traded versus three month average volume of about 164,000. Ctrip.com International Limited ( CTRP ) is lagging other components of the EGShares Emerging Markets Consumer ETF Wednesday, trading lower by about 2.5%. | Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading off about 0.7% with over 8.0 million shares changing hands so far this session, and Vipshop Holdings ( VIPS ), up about 1.1% on volume of over 2.9 million shares. The EGShares Emerging Markets Consumer ETF ( ECON ) is seeing unusually high volume in afternoon trading Wednesday, with over 878,000 shares traded versus three month average volume of about 164,000. Ctrip.com International Limited ( CTRP ) is lagging other components of the EGShares Emerging Markets Consumer ETF Wednesday, trading lower by about 2.5%. | Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading off about 0.7% with over 8.0 million shares changing hands so far this session, and Vipshop Holdings ( VIPS ), up about 1.1% on volume of over 2.9 million shares. The EGShares Emerging Markets Consumer ETF ( ECON ) is seeing unusually high volume in afternoon trading Wednesday, with over 878,000 shares traded versus three month average volume of about 164,000. VIDEO: Wednesday's ETF with Unusual Volume: ECON The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Wednesday were Ambev ( ABEV ), trading off about 0.7% with over 8.0 million shares changing hands so far this session, and Vipshop Holdings ( VIPS ), up about 1.1% on volume of over 2.9 million shares. The EGShares Emerging Markets Consumer ETF ( ECON ) is seeing unusually high volume in afternoon trading Wednesday, with over 878,000 shares traded versus three month average volume of about 164,000. Shares of ECON were down about 1.6% on the day. |
28440.0 | 2015-06-01 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for June 02, 2015 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-june-02-2015-2015-06-01 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on June 02, 2015. A cash dividend payment of $0.033072 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 5.66% increase over the prior quarter. At the current stock price of $5.75, the dividend yield is 2.3%.
The previous trading day's last sale of ABEV was $5.75, representing a -23.94% decrease from the 52 week high of $7.56 and a 4.36% increase over the 52 week low of $5.51.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Anheuser-Busch Inbev SA ( BUD ) and Coca-Cola Company ( KO ). ABEV's current earnings per share, an indicator of a company's profitability, is $.29. Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as 1.23%, compared to an industry average of 12%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
EGShares Emerging Markets Consumer ETF ( ECON )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ).
The top-performing ETF of this group is EEB with an increase of 8.52% over the last 100 days. ECON has the highest percent weighting of ABEV at 6.18%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as 1.23%, compared to an industry average of 12%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? | A cash dividend payment of $0.033072 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). Ambev S.A. ( ABEV ) will begin trading ex-dividend on June 02, 2015. | A cash dividend payment of $0.033072 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABEV was $5.75, representing a -23.94% decrease from the 52 week high of $7.56 and a 4.36% increase over the 52 week low of $5.51. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). | A cash dividend payment of $0.033072 per share Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. ABEV's current earnings per share, an indicator of a company's profitability, is $.29. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? |
28441.0 | 2015-04-20 00:00:00 UTC | After Hours Most Active for Apr 20, 2015 : AU, WY, PFE, QQQ, ABEV, WBA, GLW, EMC, SGYP, MSFT, FOXA, INTC | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-apr-20-2015-au-wy-pfe-qqq-abev-wba-glw-emc-sgyp-msft-foxa-intc | nan | nan | The NASDAQ 100 After Hours Indicator is up .48 to 4,417.88. The total After hours volume is currently 31,376,964 shares traded.
The following are the most active stocks for the after hours session :
AngloGold Ashanti Limited ( AU ) is +0.04 at $11.58, with 7,322,100 shares traded. As reported by Zacks, the current mean recommendation for AU is in the "buy range".
Weyerhaeuser Company ( WY ) is +0.0178 at $31.75, with 6,085,285 shares traded. WY's current last sale is 83.55% of the target price of $38.
Pfizer, Inc. ( PFE ) is unchanged at $35.01, with 5,284,499 shares traded. PFE's current last sale is 97.25% of the target price of $36.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.03 at $107.57, with 4,527,185 shares traded. This represents a 26.39% increase from its 52 Week Low.
Ambev S.A. ( ABEV ) is unchanged at $6.20, with 4,155,936 shares traded. ABEV's current last sale is 92.54% of the target price of $6.7.
Walgreens Boots Alliance, Inc. ( WBA ) is +0.17 at $87.29, with 3,079,557 shares traded. WBA's current last sale is 96.45% of the target price of $90.5.
Corning Incorporated ( GLW ) is +0.02 at $22.70, with 1,658,375 shares traded. GLW's current last sale is 98.7% of the target price of $23.
EMC Corporation ( EMC ) is +0.02 at $26.80, with 1,607,708 shares traded.EMC is scheduled to provide an earnings report on 4/22/2015, for the fiscal quarter ending Mar2015. The consensus earnings per share forecast is 0.25 per share, which represents a 27 percent increase over the EPS one Year Ago
Synergy Pharmaceuticals, Inc. ( SGYP ) is -0.03 at $4.15, with 1,604,721 shares traded. As reported by Zacks, the current mean recommendation for SGYP is in the "strong buy range".
Microsoft Corporation ( MSFT ) is -0.005 at $42.90, with 1,023,096 shares traded.MSFT is scheduled to provide an earnings report on 4/23/2015, for the fiscal quarter ending Mar2015. The consensus earnings per share forecast is 0.51 per share, which represents a 68 percent increase over the EPS one Year Ago
Twenty-First Century Fox, Inc. ( FOXA ) is unchanged at $33.94, with 973,242 shares traded. As reported by Zacks, the current mean recommendation for FOXA is in the "buy range".
Intel Corporation ( INTC ) is -0.04 at $32.69, with 851,147 shares traded. Over the last four weeks they have had 13 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2015. The consensus EPS forecast is $0.52. INTC's current last sale is 88.35% of the target price of $37.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is unchanged at $6.20, with 4,155,936 shares traded. ABEV's current last sale is 92.54% of the target price of $6.7. The following are the most active stocks for the after hours session : AngloGold Ashanti Limited ( AU ) is +0.04 at $11.58, with 7,322,100 shares traded. | Ambev S.A. ( ABEV ) is unchanged at $6.20, with 4,155,936 shares traded. ABEV's current last sale is 92.54% of the target price of $6.7. EMC Corporation ( EMC ) is +0.02 at $26.80, with 1,607,708 shares traded.EMC is scheduled to provide an earnings report on 4/22/2015, for the fiscal quarter ending Mar2015. | Ambev S.A. ( ABEV ) is unchanged at $6.20, with 4,155,936 shares traded. ABEV's current last sale is 92.54% of the target price of $6.7. EMC Corporation ( EMC ) is +0.02 at $26.80, with 1,607,708 shares traded.EMC is scheduled to provide an earnings report on 4/22/2015, for the fiscal quarter ending Mar2015. | Ambev S.A. ( ABEV ) is unchanged at $6.20, with 4,155,936 shares traded. ABEV's current last sale is 92.54% of the target price of $6.7. The NASDAQ 100 After Hours Indicator is up .48 to 4,417.88. |
28442.0 | 2015-02-27 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for March 02, 2015 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-march-02-2015-2015-02-27 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on March 02, 2015. A cash dividend payment of $0.031299 per share is scheduled to be paid on April 07, 2015. Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $6.37, the dividend yield is 1.97%.
The previous trading day's last sale of ABEV was $6.37, representing a -26.53% decrease from the 52 week high of $8.67 and a 14.57% increase over the 52 week low of $5.56.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Anheuser-Busch Inbev SA ( BUD ) and Coca-Cola Company ( KO ). ABEV's current earnings per share, an indicator of a company's profitability, is $.3. Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as 16.67%, compared to an industry average of 3%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
iShares Latin America 40 ETF ( ILF )
EGShares Emerging Markets Consumer ETF ( ECON )
EGShares Emerging Markets Domestic Demand ETF ( EMDD )
SPDR S&P Emerging Latin America ETF ( GML )
Guggenheim BRIC ETF ( EEB ).
The top-performing ETF of this group is ECON with an increase of 3.1% over the last 100 days. ILF has the highest percent weighting of ABEV at 7.43%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABEV's forecasted earnings growth in 2015 as 16.67%, compared to an industry average of 3%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. | The following ETF(s) have ABEV as a top-10 holding: iShares Latin America 40 ETF ( ILF ) EGShares Emerging Markets Consumer ETF ( ECON ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) SPDR S&P Emerging Latin America ETF ( GML ) Guggenheim BRIC ETF ( EEB ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) will begin trading ex-dividend on March 02, 2015. | Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. The following ETF(s) have ABEV as a top-10 holding: iShares Latin America 40 ETF ( ILF ) EGShares Emerging Markets Consumer ETF ( ECON ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) SPDR S&P Emerging Latin America ETF ( GML ) Guggenheim BRIC ETF ( EEB ). | Shareholders who purchased ABEV prior to the ex-dividend date are eligible for the cash dividend payment. ABEV's current earnings per share, an indicator of a company's profitability, is $.3. The following ETF(s) have ABEV as a top-10 holding: iShares Latin America 40 ETF ( ILF ) EGShares Emerging Markets Consumer ETF ( ECON ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) SPDR S&P Emerging Latin America ETF ( GML ) Guggenheim BRIC ETF ( EEB ). |
28443.0 | 2015-01-12 00:00:00 UTC | Noteworthy ETF Outflows: ILF, ITUB, BBD, ABEV | ABEV | https://www.nasdaq.com/articles/noteworthy-etf-outflows-ilf-itub-bbd-abev-2015-01-12 | nan | nan | Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares Latin America 40 ETF (Symbol: ILF) where we have detected an approximate $31.7 million dollar outflow -- that's a 4.2% decrease week over week (from 24,000,000 to 23,000,000). Among the largest underlying components of ILF, in trading today Itau Unibanco Holding S.A. (Symbol: ITUB) is off about 2.9%, Banco Bradesco S.A. (Symbol: BBD) is down about 3.3%, and Ambev SA (Symbol: ABEV) is lower by about 0.2%. For a complete list of holdings, visit the ILF Holdings page » The chart below shows the one year price performance of ILF, versus its 200 day moving average:
Looking at the chart above, ILF's low point in its 52 week range is $29.06 per share, with $43.42 as the 52 week high point - that compares with a last trade of $31.12. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ILF, in trading today Itau Unibanco Holding S.A. (Symbol: ITUB) is off about 2.9%, Banco Bradesco S.A. (Symbol: BBD) is down about 3.3%, and Ambev SA (Symbol: ABEV) is lower by about 0.2%. For a complete list of holdings, visit the ILF Holdings page » The chart below shows the one year price performance of ILF, versus its 200 day moving average: Looking at the chart above, ILF's low point in its 52 week range is $29.06 per share, with $43.42 as the 52 week high point - that compares with a last trade of $31.12. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. | Among the largest underlying components of ILF, in trading today Itau Unibanco Holding S.A. (Symbol: ITUB) is off about 2.9%, Banco Bradesco S.A. (Symbol: BBD) is down about 3.3%, and Ambev SA (Symbol: ABEV) is lower by about 0.2%. For a complete list of holdings, visit the ILF Holdings page » The chart below shows the one year price performance of ILF, versus its 200 day moving average: Looking at the chart above, ILF's low point in its 52 week range is $29.06 per share, with $43.42 as the 52 week high point - that compares with a last trade of $31.12. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). | Among the largest underlying components of ILF, in trading today Itau Unibanco Holding S.A. (Symbol: ITUB) is off about 2.9%, Banco Bradesco S.A. (Symbol: BBD) is down about 3.3%, and Ambev SA (Symbol: ABEV) is lower by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares Latin America 40 ETF (Symbol: ILF) where we have detected an approximate $31.7 million dollar outflow -- that's a 4.2% decrease week over week (from 24,000,000 to 23,000,000). For a complete list of holdings, visit the ILF Holdings page » The chart below shows the one year price performance of ILF, versus its 200 day moving average: Looking at the chart above, ILF's low point in its 52 week range is $29.06 per share, with $43.42 as the 52 week high point - that compares with a last trade of $31.12. | Among the largest underlying components of ILF, in trading today Itau Unibanco Holding S.A. (Symbol: ITUB) is off about 2.9%, Banco Bradesco S.A. (Symbol: BBD) is down about 3.3%, and Ambev SA (Symbol: ABEV) is lower by about 0.2%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares Latin America 40 ETF (Symbol: ILF) where we have detected an approximate $31.7 million dollar outflow -- that's a 4.2% decrease week over week (from 24,000,000 to 23,000,000). For a complete list of holdings, visit the ILF Holdings page » The chart below shows the one year price performance of ILF, versus its 200 day moving average: Looking at the chart above, ILF's low point in its 52 week range is $29.06 per share, with $43.42 as the 52 week high point - that compares with a last trade of $31.12. |
28444.0 | 2015-01-08 00:00:00 UTC | Pre-Market Most Active for Jan 8, 2015 : ALU, BIND, PBR/A, SAN, PBR, TVIX, XIV, BAC, ABEV, ARNA, AAPL, SIRI | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-jan-8-2015-alu-bind-pbra-san-pbr-tvix-xiv-bac-abev-arna-aapl-siri | nan | nan | The NASDAQ 100 Pre-Market Indicator is up 20.41 to 4,180.41. The total Pre-Market volume is currently 7,306,895 shares traded.
The following are the most active stocks for the pre-market session :
Alcatel Lucent ( ALU ) is +0.05 at $3.42, with 978,665 shares traded. ALU's current last sale is 80.47% of the target price of $4.25.
BIND Therapeutics, Inc. ( BIND ) is +2.51 at $7.66, with 863,237 shares traded., following a 52-week high recorded in prior regular session.
Petroleo Brasileiro S.A.- Petrobras (PBR/A) is +0.28 at $6.58, with 763,218 shares traded. PBR/A's current last sale is 29.24% of the target price of $22.5.
Banco Santander, S.A. ( SAN ) is -0.15 at $7.75, with 570,416 shares traded. SAN's current last sale is 87.67% of the target price of $8.84.
Petroleo Brasileiro S.A.- Petrobras ( PBR ) is +0.27 at $6.47, with 460,006 shares traded. PBR's current last sale is 38.06% of the target price of $17.
VelocityShares Daily 2x VIX Short Term ETN ( TVIX ) is -0.21 at $2.78, with 415,159 shares traded. This represents a 38.31% increase from its 52 Week Low.
VelocityShares Daily Inverse VIX Short Term ETN ( XIV ) is +0.98 at $30.72, with 344,422 shares traded. This represents a 24.52% increase from its 52 Week Low.
Bank of America Corporation ( BAC ) is +0.21 at $17.15, with 316,291 shares traded.BAC is scheduled to provide an earnings report on 1/15/2015, for the fiscal quarter ending Dec2014. The consensus earnings per share forecast is 0.32 per share, which represents a 29 percent increase over the EPS one Year Ago
Ambev S.A. ( ABEV ) is -0.0345 at $6.09, with 305,800 shares traded. ABEV's current last sale is 88.26% of the target price of $6.9.
Arena Pharmaceuticals, Inc. ( ARNA ) is -0.2 at $5.65, with 296,788 shares traded. As reported in the last short interest update the days to cover for ARNA is 13.819504; this calculation is based on the average trading volume of the stock.
Apple Inc. ( AAPL ) is +1.2 at $108.95, with 254,047 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Sirius XM Holdings Inc. ( SIRI ) is +0.03 at $3.44, with 233,509 shares traded. As reported by Zacks, the current mean recommendation for SIRI is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The consensus earnings per share forecast is 0.32 per share, which represents a 29 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is -0.0345 at $6.09, with 305,800 shares traded. ABEV's current last sale is 88.26% of the target price of $6.9. VelocityShares Daily Inverse VIX Short Term ETN ( XIV ) is +0.98 at $30.72, with 344,422 shares traded. | The consensus earnings per share forecast is 0.32 per share, which represents a 29 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is -0.0345 at $6.09, with 305,800 shares traded. ABEV's current last sale is 88.26% of the target price of $6.9. The total Pre-Market volume is currently 7,306,895 shares traded. | The consensus earnings per share forecast is 0.32 per share, which represents a 29 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is -0.0345 at $6.09, with 305,800 shares traded. ABEV's current last sale is 88.26% of the target price of $6.9. The total Pre-Market volume is currently 7,306,895 shares traded. | The consensus earnings per share forecast is 0.32 per share, which represents a 29 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is -0.0345 at $6.09, with 305,800 shares traded. ABEV's current last sale is 88.26% of the target price of $6.9. The NASDAQ 100 Pre-Market Indicator is up 20.41 to 4,180.41. |
28445.0 | 2015-01-07 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for January 08, 2015 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-january-08-2015-2015-01-07 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on January 08, 2015. A cash dividend payment of $0.035487 per share is scheduled to be paid on February 09, 2015. Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -26.21% decrease from the prior month.
The previous trading day's last sale of ABEV was $6.06, representing a -30.1% decrease from the 52 week high of $8.67 and a 8.99% increase over the 52 week low of $5.56.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Coca-Cola Company ( KO ) and Anheuser-Busch Inbev SA ( BUD ). ABEV's current earnings per share, an indicator of a company's profitability, is $.33. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 4.38%, compared to an industry average of 6.1%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
EGShares Emerging Markets Consumer ETF ( ECON )
iShares S&P Latin America 40 Index Fund ( ILF )
EGShares Emerging Markets Domestic Demand ETF ( EMDD )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ).
The top-performing ETF of this group is EMDD with an decrease of -10.69% over the last 100 days. ECON has the highest percent weighting of ABEV at 7.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 4.38%, compared to an industry average of 6.1%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. | The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) will begin trading ex-dividend on January 08, 2015. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABEV was $6.06, representing a -30.1% decrease from the 52 week high of $8.67 and a 8.99% increase over the 52 week low of $5.56. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? Ambev S.A. ( ABEV ) will begin trading ex-dividend on January 08, 2015. |
28446.0 | 2014-11-06 00:00:00 UTC | Pre-Market Most Active for Nov 6, 2014 : GNW, TSLA, PBR, ABEV, QCOM, QQQ, ACAS, RDS/A, PNK, BABA, TVIX, AAPL | ABEV | https://www.nasdaq.com/articles/pre-market-most-active-nov-6-2014-gnw-tsla-pbr-abev-qcom-qqq-acas-rdsa-pnk-baba-tvix-aapl | nan | nan | The NASDAQ 100 Pre-Market Indicator is down -7.14 to 4,146.13. The total Pre-Market volume is currently 4,698,792 shares traded.
The following are the most active stocks for the pre-market session :
Genworth Financial Inc ( GNW ) is -2.9 at $11.17, with 1,330,310 shares traded. GNW's current last sale is 65.71% of the target price of $17.
Tesla Motors, Inc. ( TSLA ) is +2.8 at $233.77, with 770,341 shares traded. TSLA's current last sale is 85.01% of the target price of $275.
Petroleo Brasileiro S.A.- Petrobras ( PBR ) is -0.52 at $10.64, with 703,372 shares traded.PBR is scheduled to provide an earnings report on 11/7/2014, for the fiscal quarter ending Sep2014. The consensus earnings per share forecast is 0.3 per share, which represents a 22 percent increase over the EPS one Year Ago
Ambev S.A. ( ABEV ) is -0.2 at $6.35, with 625,200 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
QUALCOMM Incorporated ( QCOM ) is -5.33 at $71.87, with 448,252 shares traded. As reported by Zacks, the current mean recommendation for QCOM is in the "buy range".
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.08 at $101.45, with 398,425 shares traded. This represents a 24.68% increase from its 52 Week Low.
American Capital, Ltd. ( ACAS ) is +1.54 at $16.20, with 340,902 shares traded. ACAS's current last sale is 90% of the target price of $18.
Royal Dutch Shell PLC (RDS/A) is +0.36 at $69.59, with 339,647 shares traded. RDS/A's current last sale is 82.36% of the target price of $84.5.
Pinnacle Entertainment, Inc. ( PNK ) is +0.86 at $26.50, with 324,740 shares traded. RTT News Reports: Pinnacle Entertainment Posts Profit In Q3 - Quick Facts
Alibaba Group Holding Limited ( BABA ) is +0.16 at $108.83, with 315,554 shares traded., following a 52-week high recorded in prior regular session.
VelocityShares Daily 2X VIX Short Term ETN ( TVIX ) is -0.07 at $2.72, with 294,083 shares traded. This represents a 8.8% increase from its 52 Week Low.
Apple Inc. ( AAPL ) is +0.04 at $108.43, with 211,483 shares traded. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2014. The consensus EPS forecast is $2.47. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The consensus earnings per share forecast is 0.3 per share, which represents a 22 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is -0.2 at $6.35, with 625,200 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Petroleo Brasileiro S.A.- Petrobras ( PBR ) is -0.52 at $10.64, with 703,372 shares traded.PBR is scheduled to provide an earnings report on 11/7/2014, for the fiscal quarter ending Sep2014. | The consensus earnings per share forecast is 0.3 per share, which represents a 22 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is -0.2 at $6.35, with 625,200 shares traded. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". | The consensus earnings per share forecast is 0.3 per share, which represents a 22 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is -0.2 at $6.35, with 625,200 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The total Pre-Market volume is currently 4,698,792 shares traded. | The consensus earnings per share forecast is 0.3 per share, which represents a 22 percent increase over the EPS one Year Ago Ambev S.A. ( ABEV ) is -0.2 at $6.35, with 625,200 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The NASDAQ 100 Pre-Market Indicator is down -7.14 to 4,146.13. |
28447.0 | 2014-10-27 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for October 28, 2014 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-october-28-2014-2014-10-27 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on October 28, 2014. A cash dividend payment of $0.092538 per share is scheduled to be paid on November 24, 2014. Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 28.79% increase over the prior quarter. At the current stock price of $6.38, the dividend yield is 5.8%.
The previous trading day's last sale of ABEV was $6.38, representing a -26.41% decrease from the 52 week high of $8.67 and a 7.41% increase over the 52 week low of $5.94.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Coca-Cola Company ( KO ) and Anheuser-Busch Inbev SA ( BUD ). ABEV's current earnings per share, an indicator of a company's profitability, is $.33. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 3.13%, compared to an industry average of 9.4%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
EGShares Emerging Markets Consumer ETF ( ECON )
iShares S&P Latin America 40 Index Fund ( ILF )
EGShares Emerging Markets Domestic Demand ETF ( EMDD )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ).
The top-performing ETF of this group is EMDD with an increase of 5.72% over the last 100 days. ECON has the highest percent weighting of ABEV at 7.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 3.13%, compared to an industry average of 9.4%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. | The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) will begin trading ex-dividend on October 28, 2014. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABEV was $6.38, representing a -26.41% decrease from the 52 week high of $8.67 and a 7.41% increase over the 52 week low of $5.94. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. ABEV's current earnings per share, an indicator of a company's profitability, is $.33. Ambev S.A. ( ABEV ) will begin trading ex-dividend on October 28, 2014. |
28448.0 | 2014-09-24 00:00:00 UTC | After Hours Most Active for Sep 24, 2014 : MRVL, QQQ, CBS, GSK, BAC, GE, MSFT, ABEV, AAPL, CSCO, PFE, INTC | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-sep-24-2014-mrvl-qqq-cbs-gsk-bac-ge-msft-abev-aapl-csco-pfe-intc | nan | nan | The NASDAQ 100 After Hours Indicator is down -1.32 to 4,092.99. The total After hours volume is currently 24,968,067 shares traded.
The following are the most active stocks for the after hours session :
Marvell Technology Group Ltd. ( MRVL ) is unchanged at $13.81, with 2,198,015 shares traded. MRVL's current last sale is 81.24% of the target price of $17.
PowerShares QQQ Trust, Series 1 ( QQQ ) is unchanged at $99.84, with 1,985,840 shares traded. This represents a 30.77% increase from its 52 Week Low.
CBS Corporation ( CBS ) is unchanged at $54.85, with 1,556,418 shares traded. As reported by Zacks, the current mean recommendation for CBS is in the "buy range".
GlaxoSmithKline PLC ( GSK ) is unchanged at $47.03, with 1,476,016 shares traded. GSK's current last sale is 85.51% of the target price of $55.
Bank of America Corporation ( BAC ) is -0.01 at $17.17, with 1,450,705 shares traded. BAC's current last sale is 95.39% of the target price of $18.
General Electric Company ( GE ) is unchanged at $25.93, with 1,225,608 shares traded. GE's current last sale is 86.43% of the target price of $30.
Microsoft Corporation ( MSFT ) is unchanged at $47.08, with 1,084,033 shares traded. MSFT's current last sale is 94.16% of the target price of $50.
Ambev S.A. ( ABEV ) is -0.1772 at $6.70, with 1,043,794 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Apple Inc. ( AAPL ) is -0.25 at $101.50, with 979,450 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2014. The consensus EPS forecast is $2.34. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Cisco Systems, Inc. ( CSCO ) is unchanged at $24.98, with 929,091 shares traded. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
Pfizer, Inc. ( PFE ) is unchanged at $30.31, with 849,760 shares traded. PFE's current last sale is 89.15% of the target price of $34.
Intel Corporation ( INTC ) is unchanged at $34.75, with 741,185 shares traded. INTC's current last sale is 99.29% of the target price of $35.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is -0.1772 at $6.70, with 1,043,794 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the after hours session : Marvell Technology Group Ltd. ( MRVL ) is unchanged at $13.81, with 2,198,015 shares traded. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) is -0.1772 at $6.70, with 1,043,794 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". | Ambev S.A. ( ABEV ) is -0.1772 at $6.70, with 1,043,794 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". CBS Corporation ( CBS ) is unchanged at $54.85, with 1,556,418 shares traded. | Ambev S.A. ( ABEV ) is -0.1772 at $6.70, with 1,043,794 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The NASDAQ 100 After Hours Indicator is down -1.32 to 4,092.99. |
28449.0 | 2014-08-30 00:00:00 UTC | Why Taking the PepsiCo-Anheuser-Busch InBev Relationship a Big Step Further Makes Sense | ABEV | https://www.nasdaq.com/articles/why-taking-pepsico-anheuser-busch-inbev-relationship-big-step-further-makes-sense-2014-08 | nan | nan | BookFinch , Flickr.
Ongoing consolidation in the global beer marketplace means another acquisition is likely a question of when, not if.
Over the past decade, beer companies have participated in a bevy of big-time mergers and acquisitions, ranging from SABMiller 's joint venture with Molson Coors in 2008, to the Anheuser-Busch-InBev merger shortly thereafter. Heineken 's purchase of Asia Pacific Breweries two years ago, and Anheuser-Busch InBev's Grupo Modelo buy last year further fused the industry's biggest players together.
So, who's next? As crazy as it sounds, there are several reasons why a merger between industry leader Anheuser-Busch InBev and the beverage division of PepsiCo makes sense.
A budding relationship
Despite being legally separate, the two companies have built a unique partnership in recent years. In 2009, PepsiCo and Anheuser-Busch InBev established a joint procurement agreement in the U.S., designed to help them save money on items like office supplies, computers, and other materials. As Beer Business Daily editor Harry Schuhmacher told Reuters at the time, "It's like getting the benefits of a merger without the merger." The deal came during a period when Anheuser-Busch InBev was initiating other cost-cutting measures. Now the brewer's gross and operating margins are at 10-year highs.
More visibly, Anheuser-Busch InBev and PepsiCo began collaborating on in-store advertising last year. Because the brands view themselves as complements to the average partier -- not competitors -- the arrangement makes sense. The most iconic display was the duo's "Big Play HQ," which marketed Bud Light, Pepsi, Doritos, and Lay's chips before the 2013 Super Bowl.
The two are also linked from a distribution standpoint. Ambev , the Brazilian beer maker under Anheuser-Busch InBev's control, has bottled and distributed Pepsi soft drinks in Brazil, Argentina, and much of Central America since the early 2000s. The company also produces and distributes PepsiCo's Gatorade in the region. Worth noting: The pair's arrangement expires in 2017, meaning Anheuser-Busch InBev could theoretically use contract renegotiations as leverage in any M&A talks.
Why a deal makes sense for Anheuser-Busch InBev
Throughout its history, Anheuser-Busch InBev has opted for inorganic growth to expand, meaning the growth came from mergers and takeovers rather than growth in sales of existing products. Ten years ago, AmBev and Interbrew merged -- the former faced limited sales opportunities beyond Latin America, and Interbrew desired a customer base outside of Europe. This kicked off a string of M&A activity, including purchases in China, Canada, South America, Mexico, and most notably, in the U.S. with Anheuser-Busch. Anheuser-Busch InBev is one of the controlling shareholders of Ambev, holding about 62% of the voting and total capital.
Now it may be time to add soda. Like many market leaders plagued by their enormousness, Anheuser-Busch InBev's sheer size means slower growth is likely on the horizon. A Bloomberg article earlier this year, in fact, reported that analysts estimate the brewer's compound annual sales growth rate will be just 4% over the next decade, 14 percentage points below its previous 10-year average. Anheuser-Busch InBev netted $43.2 billion worth of revenue last year.
A complete acquisition of PepsiCo wouldn't get past antitrust regulators, though a purchase of its soft drink division, PepsiCo Americas Beverages, likely would. The division booked a little over $21 billion in sales last year, and accounts for about one-third of PepsiCo's net revenues, but just 26% of its operating profit.
Assuming it is priced at roughly 3 to 3.5 times sales -- near the industry norm -- the beverage division would cost Anheuser-Busch InBev somewhere between $60 billion and $75 billion. The company doesn't have near that much cash, but it could finance the purchase through debt, much like InBev structured its Anheuser-Busch transaction in 2008. That acquisition cost $52 billion, with about $45 billion coming from lenders.
It's this scenario Wall Street continues to discuss. Banco Santander analyst Anthony Bucalo, for example, has said such a move could boost Anheuser-Busch InBev's business in the U.S. and Latin America. It's also possible a deal could allow Anheuser-Busch InBev to expand its joint procurement program to take advantage of further savings, since the partnership currently doesn't apply to drink production costs.
Why a deal makes sense for PepsiCo
A deal also makes sense for PepsiCo. "[D]ivesting beverages would allow the company to shed an underperforming asset and focus on its dominant food and beverage businesses," Bucalo explained in a note to investors, published by Just-Drinks last year. Activist shareholder Nelson Peltz, who holds PepsiCo stock, echoes a similar sentiment. "Shareholders are not happy with the status quo ... we think the best path forward to unlock value is a spinoff of the beverage business," he told Barron's last week.
In February, the company said it wouldn't initiate a spinoff of its beverage unit, citing strong free cash flow from the division. But the fact remains that there's simply no growth there -- beverage revenues fell 2% last year, and 4.5% the year before. And profits are down even further. By jettisoning the business, PepsiCo could focus more of its advertising budget on the higher-growth snacks division, a point Peltz also makes.
Keep your eyes open
From an investing standpoint, a merge of Anheuser-Busch InBev and Pepsi's beverage unit could be good for shareholders on both sides. Anheuser-Busch InBev would reignite slowing sales, while a PepsiCo sans its beverage division would be more profitable over the long run.
Although the picture is different now, M&A activity has been kind to both sets of investors in the past. In the years following the Anheuser-Busch merger, Anheuser-Busch InBev stock is up over 180%. PepsiCo bulls were similarly rewarded after the company spun off Yum!Brands in the late nineties. Nothing is guaranteed, but given the fact that a deal makes sense for each side, it's worth keeping an eye on.
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The article Why Taking the PepsiCo-Anheuser-Busch InBev Relationship a Big Step Further Makes Sense originally appeared on Fool.com.
Jake Mann has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs, Molson Coors Brewing Company, and PepsiCo. The Motley Fool owns shares of PepsiCo. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev , the Brazilian beer maker under Anheuser-Busch InBev's control, has bottled and distributed Pepsi soft drinks in Brazil, Argentina, and much of Central America since the early 2000s. A Bloomberg article earlier this year, in fact, reported that analysts estimate the brewer's compound annual sales growth rate will be just 4% over the next decade, 14 percentage points below its previous 10-year average. It's also possible a deal could allow Anheuser-Busch InBev to expand its joint procurement program to take advantage of further savings, since the partnership currently doesn't apply to drink production costs. | As crazy as it sounds, there are several reasons why a merger between industry leader Anheuser-Busch InBev and the beverage division of PepsiCo makes sense. Anheuser-Busch InBev netted $43.2 billion worth of revenue last year. Assuming it is priced at roughly 3 to 3.5 times sales -- near the industry norm -- the beverage division would cost Anheuser-Busch InBev somewhere between $60 billion and $75 billion. | As crazy as it sounds, there are several reasons why a merger between industry leader Anheuser-Busch InBev and the beverage division of PepsiCo makes sense. Why a deal makes sense for Anheuser-Busch InBev Throughout its history, Anheuser-Busch InBev has opted for inorganic growth to expand, meaning the growth came from mergers and takeovers rather than growth in sales of existing products. In the years following the Anheuser-Busch merger, Anheuser-Busch InBev stock is up over 180%. | As crazy as it sounds, there are several reasons why a merger between industry leader Anheuser-Busch InBev and the beverage division of PepsiCo makes sense. Anheuser-Busch InBev netted $43.2 billion worth of revenue last year. In the years following the Anheuser-Busch merger, Anheuser-Busch InBev stock is up over 180%. |
28450.0 | 2014-08-19 00:00:00 UTC | Ambev Breaks Above 200-Day Moving Average - Bullish for ABEV | ABEV | https://www.nasdaq.com/articles/ambev-breaks-above-200-day-moving-average-bullish-abev-2014-08-19 | nan | nan | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.20, changing hands as high as $7.22 per share. Ambev SA shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average:
Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.67 as the 52 week high point - that compares with a last trade of $7.20.
According to the ETF Finder at ETF Channel, ABEV makes up 7.46% of the EGShares Emerging Markets Consumer ETF (Symbol: ECON) which is trading up by about 0.2% on the day Tuesday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.20, changing hands as high as $7.22 per share. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average: Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.67 as the 52 week high point - that compares with a last trade of $7.20. According to the ETF Finder at ETF Channel, ABEV makes up 7.46% of the EGShares Emerging Markets Consumer ETF (Symbol: ECON) which is trading up by about 0.2% on the day Tuesday. | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.20, changing hands as high as $7.22 per share. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average: Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.67 as the 52 week high point - that compares with a last trade of $7.20. According to the ETF Finder at ETF Channel, ABEV makes up 7.46% of the EGShares Emerging Markets Consumer ETF (Symbol: ECON) which is trading up by about 0.2% on the day Tuesday. | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.20, changing hands as high as $7.22 per share. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average: Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.67 as the 52 week high point - that compares with a last trade of $7.20. According to the ETF Finder at ETF Channel, ABEV makes up 7.46% of the EGShares Emerging Markets Consumer ETF (Symbol: ECON) which is trading up by about 0.2% on the day Tuesday. | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.20, changing hands as high as $7.22 per share. According to the ETF Finder at ETF Channel, ABEV makes up 7.46% of the EGShares Emerging Markets Consumer ETF (Symbol: ECON) which is trading up by about 0.2% on the day Tuesday. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average: Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.67 as the 52 week high point - that compares with a last trade of $7.20. |
28451.0 | 2014-07-28 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for July 29, 2014 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-july-29-2014-2014-07-28 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on July 29, 2014. A cash dividend payment of $0.071854 per share. Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $7.43, the dividend yield is 11.6%.
The previous trading day's last sale of ABEV was $7.43, representing a -14.3% decrease from the 52 week high of $8.67 and a 19.26% increase over the 52 week low of $6.23.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Anheuser-Busch Inbev SA ( BUD ) and Coca-Cola Company ( KO ). ABEV's current earnings per share, an indicator of a company's profitability, is $.32. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 5.47%, compared to an industry average of 7%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
EGShares Emerging Markets Consumer ETF ( ECON )
iShares S&P Latin America 40 Index Fund ( ILF )
EGShares Emerging Markets Domestic Demand ETF ( EMDD )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ).
The top-performing ETF of this group is ILF with an increase of 20.89% over the last 100 days. ECON has the highest percent weighting of ABEV at 7.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 5.47%, compared to an industry average of 7%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. | The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) will begin trading ex-dividend on July 29, 2014. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. ABEV's current earnings per share, an indicator of a company's profitability, is $.32. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? |
28452.0 | 2014-07-15 00:00:00 UTC | Tuesday's ETF with Unusual Volume: BIK | ABEV | https://www.nasdaq.com/articles/tuesdays-etf-unusual-volume-bik-2014-07-15 | nan | nan | The SPDR S&P BRIC 40 ETF ( BIK ) is seeing unusually high volume in afternoon trading Tuesday, with over 192,000 shares traded versus three month average volume of about 54,000. Shares of BIK were off about 0.2% on the day.
Components of that ETF with the highest volume on Tuesday were Petroleo Brasileiro ( PBR ), trading down about 0.5% with over 15.6 million shares changing hands so far this session, and Ambev ( ABEV ), down about 0.3% on volume of over 11.0 million shares. ICICI Bank ( IBN ) is the component faring the best Tuesday, up by about 3.8% on the day, while BRF SA ( BRFS ) is lagging other components of the SPDR S&P BRIC 40 ETF, trading lower by about 0.8%.
VIDEO: Tuesday's ETF with Unusual Volume: BIK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Tuesday were Petroleo Brasileiro ( PBR ), trading down about 0.5% with over 15.6 million shares changing hands so far this session, and Ambev ( ABEV ), down about 0.3% on volume of over 11.0 million shares. The SPDR S&P BRIC 40 ETF ( BIK ) is seeing unusually high volume in afternoon trading Tuesday, with over 192,000 shares traded versus three month average volume of about 54,000. ICICI Bank ( IBN ) is the component faring the best Tuesday, up by about 3.8% on the day, while BRF SA ( BRFS ) is lagging other components of the SPDR S&P BRIC 40 ETF, trading lower by about 0.8%. | Components of that ETF with the highest volume on Tuesday were Petroleo Brasileiro ( PBR ), trading down about 0.5% with over 15.6 million shares changing hands so far this session, and Ambev ( ABEV ), down about 0.3% on volume of over 11.0 million shares. The SPDR S&P BRIC 40 ETF ( BIK ) is seeing unusually high volume in afternoon trading Tuesday, with over 192,000 shares traded versus three month average volume of about 54,000. VIDEO: Tuesday's ETF with Unusual Volume: BIK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Tuesday were Petroleo Brasileiro ( PBR ), trading down about 0.5% with over 15.6 million shares changing hands so far this session, and Ambev ( ABEV ), down about 0.3% on volume of over 11.0 million shares. The SPDR S&P BRIC 40 ETF ( BIK ) is seeing unusually high volume in afternoon trading Tuesday, with over 192,000 shares traded versus three month average volume of about 54,000. VIDEO: Tuesday's ETF with Unusual Volume: BIK The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF with the highest volume on Tuesday were Petroleo Brasileiro ( PBR ), trading down about 0.5% with over 15.6 million shares changing hands so far this session, and Ambev ( ABEV ), down about 0.3% on volume of over 11.0 million shares. The SPDR S&P BRIC 40 ETF ( BIK ) is seeing unusually high volume in afternoon trading Tuesday, with over 192,000 shares traded versus three month average volume of about 54,000. Shares of BIK were off about 0.2% on the day. |
28453.0 | 2014-07-14 00:00:00 UTC | After Hours Most Active for Jul 14, 2014 : EMC, MET, ABEV, DDR, QQQ, MSFT, ARIA, AMAT, GPS, EJ, AAPL, CFGE | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-jul-14-2014-emc-met-abev-ddr-qqq-msft-aria-amat-gps-ej-aapl-cfge | nan | nan | The NASDAQ 100 After Hours Indicator is down -3.07 to 3,926.39. The total After hours volume is currently 20,533,812 shares traded.
The following are the most active stocks for the after hours session :
EMC Corporation ( EMC ) is unchanged at $26.92, with 2,035,078 shares traded. As reported by Zacks, the current mean recommendation for EMC is in the "buy range".
MetLife, Inc. ( MET ) is -0.09 at $56.05, with 1,851,566 shares traded. As reported by Zacks, the current mean recommendation for MET is in the "buy range".
Ambev S.A. ( ABEV ) is unchanged at $7.02, with 1,810,800 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
DDR Corp. ( DDR ) is unchanged at $17.83, with 1,528,446 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2014. The consensus EPS forecast is $0.31. As reported in the last short interest update the days to cover for DDR is 8.630706; this calculation is based on the average trading volume of the stock.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.05 at $95.79, with 1,406,150 shares traded., following a 52-week high recorded in today's regular session.
Microsoft Corporation ( MSFT ) is +0.03 at $42.17, with 824,083 shares traded. MSFT's current last sale is 95.84% of the target price of $44.
ARIAD Pharmaceuticals, Inc. ( ARIA ) is +0.04 at $5.91, with 795,523 shares traded. ARIA's current last sale is 65.67% of the target price of $9.
Applied Materials, Inc. ( AMAT ) is unchanged at $23.06, with 690,455 shares traded. As reported by Zacks, the current mean recommendation for AMAT is in the "buy range".
Gap, Inc. (The) ( GPS ) is unchanged at $40.22, with 660,077 shares traded. GPS's current last sale is 89.38% of the target price of $45.
E-House (China) Holdings Limited ( EJ ) is unchanged at $9.80, with 613,224 shares traded. As reported by Zacks, the current mean recommendation for EJ is in the "strong buy range".
Apple Inc. ( AAPL ) is -0.02 at $96.43, with 557,424 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2014. The consensus EPS forecast is $2.29. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Calamos Focus Growth ETF ( CFGE ) is +0.019 at $10.02, with 500,000 shares traded.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is unchanged at $7.02, with 1,810,800 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2014. | Ambev S.A. ( ABEV ) is unchanged at $7.02, with 1,810,800 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the after hours session : EMC Corporation ( EMC ) is unchanged at $26.92, with 2,035,078 shares traded. | Ambev S.A. ( ABEV ) is unchanged at $7.02, with 1,810,800 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the after hours session : EMC Corporation ( EMC ) is unchanged at $26.92, with 2,035,078 shares traded. | Ambev S.A. ( ABEV ) is unchanged at $7.02, with 1,810,800 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the after hours session : EMC Corporation ( EMC ) is unchanged at $26.92, with 2,035,078 shares traded. |
28454.0 | 2014-06-04 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for June 05, 2014 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-june-05-2014-2014-06-04 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on June 05, 2014. A cash dividend payment of $0.000285 per share is scheduled to be paid on June 19, 2014. Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $7.13, the dividend yield is .02%.
The previous trading day's last sale of ABEV was $7.13, representing a -17.76% decrease from the 52 week high of $8.67 and a 14.45% increase over the 52 week low of $6.23.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Coca-Cola Company ( KO ) and Anheuser-Busch Inbev SA ( BUD ). ABEV's current earnings per share, an indicator of a company's profitability, is $.32. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 8.13%, compared to an industry average of 6.4%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
EGShares Emerging Markets Consumer ETF ( ECON )
iShares S&P Latin America 40 Index Fund ( ILF )
EGShares Emerging Markets Domestic Demand ETF ( EMDD )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ).
The top-performing ETF of this group is ILF with an increase of 6.63% over the last 100 days. ECON has the highest percent weighting of ABEV at 7.15%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 8.13%, compared to an industry average of 6.4%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. | The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) will begin trading ex-dividend on June 05, 2014. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) EGShares Emerging Markets Domestic Demand ETF ( EMDD ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ). | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. ABEV's current earnings per share, an indicator of a company's profitability, is $.32. Ambev S.A. ( ABEV ) will begin trading ex-dividend on June 05, 2014. |
28455.0 | 2014-05-13 00:00:00 UTC | After Hours Most Active for May 13, 2014 : ABEV, GLPI, WEN, ITUB, PG, SIRI, FTR, CMCSA, CSCO, TC, XOM, XPO | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-may-13-2014-abev-glpi-wen-itub-pg-siri-ftr-cmcsa-csco-tc-xom-xpo | nan | nan | The NASDAQ 100 After Hours Indicator is up .27 to 3,611.4. The total After hours volume is currently 29,458,124 shares traded.
The following are the most active stocks for the after hours session :
Ambev S.A. ( ABEV ) is +0.0268 at $7.47, with 4,079,150 shares traded. ABEV's current last sale is 93.34% of the target price of $8.
Gaming and Leisure Properties, Inc. ( GLPI ) is unchanged at $34.97, with 3,576,300 shares traded. As reported in the last short interest update the days to cover for GLPI is 9.820575; this calculation is based on the average trading volume of the stock.
Wendy's Company (The) ( WEN ) is unchanged at $8.43, with 1,535,736 shares traded. WEN's current last sale is 93.67% of the target price of $9.
Itau Unibanco Banco Holding SA ( ITUB ) is -0.0002 at $16.75, with 1,400,902 shares traded. As reported by Zacks, the current mean recommendation for ITUB is in the "buy range".
Procter & Gamble Company (The) ( PG ) is +0.1319 at $81.74, with 1,178,375 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2014. The consensus EPS forecast is $1.16. PG's current last sale is 92.89% of the target price of $88.
Sirius XM Holdings Inc. ( SIRI ) is -0.01 at $3.26, with 1,071,179 shares traded. As reported by Zacks, the current mean recommendation for SIRI is in the "buy range".
Frontier Communications Corporation ( FTR ) is unchanged at $6.03, with 846,258 shares traded. As reported in the last short interest update the days to cover for FTR is 12.214264; this calculation is based on the average trading volume of the stock.
Comcast Corporation ( CMCSA ) is -0.0027 at $50.11, with 820,776 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2014. The consensus EPS forecast is $0.72. As reported by Zacks, the current mean recommendation for CMCSA is in the "buy range".
Cisco Systems, Inc. ( CSCO ) is unchanged at $22.86, with 660,755 shares traded.CSCO is scheduled to provide an earnings report on 5/14/2014, for the fiscal quarter ending Apr2014. The consensus earnings per share forecast is 0.43 per share, which represents a 47 percent increase over the EPS one Year Ago
Thompson Creek Metals Company Inc. ( TC ) is +0.16 at $3.00, with 512,960 shares traded. As reported in the last short interest update the days to cover for TC is 18.245302; this calculation is based on the average trading volume of the stock.
Exxon Mobil Corporation ( XOM ) is unchanged at $102.36, with 509,533 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2014. The consensus EPS forecast is $1.91. XOM's current last sale is 95.66% of the target price of $107.
XPO Logistics, Inc. ( XPO ) is unchanged at $23.79, with 393,653 shares traded. As reported in the last short interest update the days to cover for XPO is 9.275399; this calculation is based on the average trading volume of the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The following are the most active stocks for the after hours session : Ambev S.A. ( ABEV ) is +0.0268 at $7.47, with 4,079,150 shares traded. ABEV's current last sale is 93.34% of the target price of $8. As reported in the last short interest update the days to cover for GLPI is 9.820575; this calculation is based on the average trading volume of the stock. | The following are the most active stocks for the after hours session : Ambev S.A. ( ABEV ) is +0.0268 at $7.47, with 4,079,150 shares traded. ABEV's current last sale is 93.34% of the target price of $8. As reported in the last short interest update the days to cover for GLPI is 9.820575; this calculation is based on the average trading volume of the stock. | The following are the most active stocks for the after hours session : Ambev S.A. ( ABEV ) is +0.0268 at $7.47, with 4,079,150 shares traded. ABEV's current last sale is 93.34% of the target price of $8. As reported in the last short interest update the days to cover for GLPI is 9.820575; this calculation is based on the average trading volume of the stock. | The following are the most active stocks for the after hours session : Ambev S.A. ( ABEV ) is +0.0268 at $7.47, with 4,079,150 shares traded. ABEV's current last sale is 93.34% of the target price of $8. The NASDAQ 100 After Hours Indicator is up .27 to 3,611.4. |
28456.0 | 2014-04-02 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for April 03, 2014 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-april-03-2014-2014-04-02 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on April 03, 2014. A cash dividend payment of $0.056684 per share. Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -47.11% decrease from the prior quarter. At the current stock price of $7.5, the dividend yield is 3.02%.
The previous trading day's last sale of ABEV was $7.5, representing a -4.46% decrease from the 52 week high of $7.85 and a 20.39% increase over the 52 week low of $6.23.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Anheuser-Busch Inbev SA ( BUD ) and Coca-Cola Company ( KO ). ABEV's current earnings per share, an indicator of a company's profitability, is $.32. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 8.75%, compared to an industry average of 1.2%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
EGShares Emerging Markets Consumer ETF ( ECON )
iShares S&P Latin America 40 Index Fund ( ILF )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE )
SPDR S&P Emerging Latin America ETF ( GML ).
The top-performing ETF of this group is ECON with an increase of 0.45% over the last 100 days. It also has the highest percent weighting of ABEV at 8.53%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABEV's forecasted earnings growth in 2014 as 8.75%, compared to an industry average of 1.2%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. | The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ) SPDR S&P Emerging Latin America ETF ( GML ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) will begin trading ex-dividend on April 03, 2014. | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABEV was $7.5, representing a -4.46% decrease from the 52 week high of $7.85 and a 20.39% increase over the 52 week low of $6.23. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ) SPDR S&P Emerging Latin America ETF ( GML ). | Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABEV was $7.5, representing a -4.46% decrease from the 52 week high of $7.85 and a 20.39% increase over the 52 week low of $6.23. ABEV's current earnings per share, an indicator of a company's profitability, is $.32. |
28457.0 | 2014-03-27 00:00:00 UTC | Thursday Sector Leaders: Oil & Gas Exploration & Production, Beverages & Wineries | ABEV | https://www.nasdaq.com/articles/thursday-sector-leaders-oil-gas-exploration-production-beverages-wineries-2014-03-27 | nan | nan | In trading on Thursday, oil & gas exploration & production shares were relative leaders, up on the day by about 1.6%. Leading the group were shares of Petrobras ( PBR ), up about 7.6% and shares of Quicksilver Resources ( KWK ) up about 7% on the day.
Also showing relative strength are beverages & wineries shares, up on the day by about 0.9% as a group, led by Ambev ( ABEV ), trading higher by about 2.4% and Reeds ( REED ), trading higher by about 2.1% on Thursday.
VIDEO: Thursday Sector Leaders: Oil & Gas Exploration & Production, Beverages & Wineries
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are beverages & wineries shares, up on the day by about 0.9% as a group, led by Ambev ( ABEV ), trading higher by about 2.4% and Reeds ( REED ), trading higher by about 2.1% on Thursday. In trading on Thursday, oil & gas exploration & production shares were relative leaders, up on the day by about 1.6%. VIDEO: Thursday Sector Leaders: Oil & Gas Exploration & Production, Beverages & Wineries The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are beverages & wineries shares, up on the day by about 0.9% as a group, led by Ambev ( ABEV ), trading higher by about 2.4% and Reeds ( REED ), trading higher by about 2.1% on Thursday. In trading on Thursday, oil & gas exploration & production shares were relative leaders, up on the day by about 1.6%. VIDEO: Thursday Sector Leaders: Oil & Gas Exploration & Production, Beverages & Wineries The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are beverages & wineries shares, up on the day by about 0.9% as a group, led by Ambev ( ABEV ), trading higher by about 2.4% and Reeds ( REED ), trading higher by about 2.1% on Thursday. In trading on Thursday, oil & gas exploration & production shares were relative leaders, up on the day by about 1.6%. VIDEO: Thursday Sector Leaders: Oil & Gas Exploration & Production, Beverages & Wineries The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are beverages & wineries shares, up on the day by about 0.9% as a group, led by Ambev ( ABEV ), trading higher by about 2.4% and Reeds ( REED ), trading higher by about 2.1% on Thursday. In trading on Thursday, oil & gas exploration & production shares were relative leaders, up on the day by about 1.6%. Leading the group were shares of Petrobras ( PBR ), up about 7.6% and shares of Quicksilver Resources ( KWK ) up about 7% on the day. |
28458.0 | 2014-03-25 00:00:00 UTC | Bullish Two Hundred Day Moving Average Cross - ABEV | ABEV | https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-abev-2014-03-25 | nan | nan | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.25, changing hands as high as $7.28 per share. Ambev SA shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average:
Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.56 as the 52 week high point - that compares with a last trade of $7.19.
According to the ETF Finder at ETF Channel, ABEV makes up 8.69% of the Emerging Markets Consumer ETF (Symbol: ECON) which is trading higher by about 1% on the day Tuesday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.25, changing hands as high as $7.28 per share. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average: Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.56 as the 52 week high point - that compares with a last trade of $7.19. According to the ETF Finder at ETF Channel, ABEV makes up 8.69% of the Emerging Markets Consumer ETF (Symbol: ECON) which is trading higher by about 1% on the day Tuesday. | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.25, changing hands as high as $7.28 per share. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average: Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.56 as the 52 week high point - that compares with a last trade of $7.19. According to the ETF Finder at ETF Channel, ABEV makes up 8.69% of the Emerging Markets Consumer ETF (Symbol: ECON) which is trading higher by about 1% on the day Tuesday. | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.25, changing hands as high as $7.28 per share. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average: Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.56 as the 52 week high point - that compares with a last trade of $7.19. According to the ETF Finder at ETF Channel, ABEV makes up 8.69% of the Emerging Markets Consumer ETF (Symbol: ECON) which is trading higher by about 1% on the day Tuesday. | In trading on Tuesday, shares of Ambev SA (Symbol: ABEV) crossed above their 200 day moving average of $7.25, changing hands as high as $7.28 per share. According to the ETF Finder at ETF Channel, ABEV makes up 8.69% of the Emerging Markets Consumer ETF (Symbol: ECON) which is trading higher by about 1% on the day Tuesday. The chart below shows the one year performance of ABEV shares, versus its 200 day moving average: Looking at the chart above, ABEV's low point in its 52 week range is $6.23 per share, with $8.56 as the 52 week high point - that compares with a last trade of $7.19. |
28459.0 | 2014-03-24 00:00:00 UTC | Noteworthy ETF Outflows: ECON, ABEV, BRFS, CTRP | ABEV | https://www.nasdaq.com/articles/noteworthy-etf-outflows-econ-abev-brfs-ctrp-2014-03-24 | nan | nan | Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $16.6 million dollar outflow -- that's a 1.4% decrease week over week (from 47,150,000 to 46,500,000). Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is trading flat, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 1.6%. The chart below shows the one year price performance of ECON, versus its 200 day moving average:
Looking at the chart above, ECON's low point in its 52 week range is $23.52 per share, with $28.52 as the 52 week high point - that compares with a last trade of $25.66. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is trading flat, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 1.6%. The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.52 per share, with $28.52 as the 52 week high point - that compares with a last trade of $25.66. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is trading flat, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 1.6%. The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.52 per share, with $28.52 as the 52 week high point - that compares with a last trade of $25.66. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is trading flat, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 1.6%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $16.6 million dollar outflow -- that's a 1.4% decrease week over week (from 47,150,000 to 46,500,000). The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.52 per share, with $28.52 as the 52 week high point - that compares with a last trade of $25.66. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is trading flat, and Ctrip.com International Ltd (Symbol: CTRP) is lower by about 1.6%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $16.6 million dollar outflow -- that's a 1.4% decrease week over week (from 47,150,000 to 46,500,000). Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. |
28460.0 | 2014-03-24 00:00:00 UTC | After Hours Most Active for Mar 24, 2014 : ITUB, VALE/P, QQQ, BAC, ABEV, MSFT, MDLZ, ETFC, RFMD, CSCO, LEN, GE | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-mar-24-2014-itub-valep-qqq-bac-abev-msft-mdlz-etfc-rfmd-csco-len | nan | nan | The NASDAQ 100 After Hours Indicator is up .93 to 3,618.32. The total After hours volume is currently 26,879,921 shares traded.
The following are the most active stocks for the after hours session :
Itau Unibanco Banco Holding SA ( ITUB ) is unchanged at $13.87, with 7,004,130 shares traded. As reported by Zacks, the current mean recommendation for ITUB is in the "buy range".
VALE S.A. (VALE/P) is -0.01 at $11.64, with 4,000,100 shares traded.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.03 at $88.25, with 3,086,517 shares traded. This represents a 31.95% increase from its 52 Week Low.
Bank of America Corporation ( BAC ) is +0.01 at $17.38, with 1,984,731 shares traded. BAC's current last sale is 96.56% of the target price of $18.
Ambev S.A. ( ABEV ) is unchanged at $7.16, with 1,501,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range".
Microsoft Corporation ( MSFT ) is -0.0599 at $40.44, with 1,177,279 shares traded. MSFT's current last sale is 101.1% of the target price of $40.
Mondelez International, Inc. ( MDLZ ) is -0.02 at $33.82, with 1,176,339 shares traded. MDLZ's current last sale is 93.94% of the target price of $36.
E*TRADE Financial Corporation ( ETFC ) is unchanged at $24.20, with 974,900 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2014. The consensus EPS forecast is $0.24. ETFC's current last sale is 113.88% of the target price of $21.25.
RF Micro Devices, Inc. ( RFMD ) is -0.01 at $7.67, with 861,418 shares traded. As reported by Zacks, the current mean recommendation for RFMD is in the "buy range".
Cisco Systems, Inc. ( CSCO ) is unchanged at $21.57, with 839,832 shares traded. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
Lennar Corporation ( LEN ) is unchanged at $39.18, with 773,864 shares traded. As reported in the last short interest update the days to cover for LEN is 7.360446; this calculation is based on the average trading volume of the stock.
General Electric Company ( GE ) is +0.0305 at $25.44, with 752,129 shares traded. GE's current last sale is 89.26% of the target price of $28.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is unchanged at $7.16, with 1,501,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". The following are the most active stocks for the after hours session : Itau Unibanco Banco Holding SA ( ITUB ) is unchanged at $13.87, with 7,004,130 shares traded. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ambev S.A. ( ABEV ) is unchanged at $7.16, with 1,501,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". | Ambev S.A. ( ABEV ) is unchanged at $7.16, with 1,501,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". E*TRADE Financial Corporation ( ETFC ) is unchanged at $24.20, with 974,900 shares traded. | Ambev S.A. ( ABEV ) is unchanged at $7.16, with 1,501,000 shares traded. As reported by Zacks, the current mean recommendation for ABEV is in the "buy range". MDLZ's current last sale is 93.94% of the target price of $36. |
28461.0 | 2014-03-06 00:00:00 UTC | Goals Galore for FIFA World Cup Sponsors - Analyst Blog | ABEV | https://www.nasdaq.com/articles/goals-galore-fifa-world-cup-sponsors-analyst-blog-2014-03-06 | nan | nan | The FIFA World Cup 2014, scheduled to kick off on Jun 12 in Brazil, will provide marketers with a dream opportunity to push their brands. Four billion fans are expected to tune in on television and a multitude of digital and social media channels.
During this month-long sporting event, an estimated 500,000 soccer fans from across the globe are expected to travel to Brazil. Obviously, it will be a big boost for the hoteliers, restaurants, retailers and tourist hotspots. A total of 12 Brazilian cities will be hosting the world's largest soccer event that comes every four years. These provide an added incentive to even the non-official partners to up the ante for advertising and marketing.
FIFA's Sponsorship Strategy
To capitalize on this huge money-minting potential, FIFA has a three-tier sponsorship structure. The first tier consists of the FIFA Partners, followed by the FIFA World Cup Sponsors and the National Supporters for each FIFA event.
The FIFA Partners include The Coca-Cola Co. ( KO ), Adidas AG ( ADDYY ), Hyundai Motor Co. ( HYMTF ), Emirates Airline, Sony Corp. ( SNE ) and Visa Inc. ( V ). These six companies have the highest level of association with all FIFA events and support the development of the sport from the grassroots to the top level.
The FIFA World Cup Sponsors comprise Budweiser - the beer brand of Anheuser-Busch InBev SA/NV ( BUD ), Johnson & Johnson ( JNJ ), Castrol - the motor oil and lubricants firm owned by BP plc ( BP ), McDonald's Corp. ( MCD ), Moy Park - the food company owned by Marfrig Global Foods S.A. ( MRRTY ), Continental AG, Brazilian telecommunications giant Oi and Yingli Solar - the photovoltaic brand of Yingli Green Energy Holding Co. Ltd. ( YGE ). The sponsors in this category have exclusive rights for brand association, the use of selected marketing assets and media exposure, as well as ticketing and hospitality offers.
The final tier of the National Supporters allows local companies to promote themselves in the domestic market. These include Brazilian Trade and Investment agency Apex-Brasil, leading sports retailer Centauro, confectionery manufacturer Garoto, Banco Itau ( ITUB ), insurance company Liberty Seguros and language school WiseUp.
With such a formidable line-up, FIFA is expected to rake in at least $4 billion in sponsorships and television rights from this event.
The Vast Playing Field
Conservative estimates have revealed that the FIFA World Cup will be equivalent to having the Super Bowl every day for over a month. About 108 million people reportedly watched the Super Bowl in 2013, while 3.2 billion watched the last FIFA World Cup with 715 million watching the finals alone.
In order to have a significant TV presence in all the soccer games and related coverage, about eight companies have paid $600 million on an aggregate to premier Brazilian TV network Globo. This translates to $75 million per sponsor, which is almost comparable to 20 thirty-second Super Bowl spots for each marketer. The sponsors include Ambev S.A. ( ABEV ), Coca-Cola, Banco Itau, Johnson & Johnson, Hyundai, Nestle, Oi and local retailer Magazine Luiza.
Globo will offer each marketer a minimum of 1,120 video insertions, including 451 thirty-second TV commercials, 359 vinhetas, and several quick mentions with visuals when announcers talk about World Cup games. Vinhetas are 5-second commercials created by Globo that showcase four marketers at a time and are shown at the beginning and end of soccer games, and during commercial breaks and other programs.
On the other end of the spectrum, social media and mobile marketing platforms provide another lucrative option to marketers. Social media like Twitter, Inc. ( TWTR ), Facebook , Inc. ( FB ), and Google Inc. ( GOOG )-owned YouTube offer an emotive and interactive platform for fans to interact and share experiences. According to Twitter, the 2012 Euro Cup final alone generated 16.5 million total tweets from a viewing audience of just under 300 million, while the last soccer World Cup final drew more than twice as many viewers. Consequently, they provide a huge potential for integrated branded content to reach millions on a real time and generate enormous publicity.
The participating soccer teams and individual players also attract global audiences. National team jerseys and merchandise churn additional revenues for these sponsors. Coca-Cola, one of the most solicited brands for sponsorships, is an official sponsor of soccer teams like Argentina, Chile, Uruguay and Ecuador. The other most prominent sponsors include Adidas, Claro - a part of America Movil S.A.B. de C.V. ( AMX ), Gillette - the well-known brand of The Procter & Gamble Company ( PG ), and dairy producers SanCor.
Last but not least, digital billboards, posters and banners across the cities and around the stadium give advertisers another opportunity to fight through the clutter and reach the target audience.
The Pitfalls
Despite the possible avenues for minting huge money, there lie some inherent risks. First, broadcast advertising opportunities are limited in soccer matches -- it is played in 45-minute continuous halves with the only commercial breaks coming at halftime.
Secondly, with FIFA commercial partnerships sold out years in advance to the actual event, it becomes difficult for companies on the outside to cash in on the live action. Finally, marketing costs among competing brands are often too high to earn a profitable ROI.
The Game Changers
With limited options to exploit commercial spots on television via live coverage, the focus has steadily shifted to social media and mobile platforms on smartphones, tablets and other handheld devices. Even players like Messi and Christiano Ronaldo, who command a significant fan base, provide a much-needed boost through their product endorsements or through brand logos.
To further extend the shelf-life of this sporting event, marketers are also organizing contests and brand promotions through freebies, mementos and other interactive engagements. This can even turn the most novice spectators into active campaigners for the sporting event as well as for the brand itself.
To Conclude
It is too early to predict whether such efforts will actually reap synergistic benefits from this marketing blitz. The guaranteed winners from this event, however, are surely to be FIFA and the games' fans.
AMBEV-PR ADR (ABEV): Free Stock Analysis Report
ADIDAS AG-ADR (ADDYY): Get Free Report
AMER MOVIL-ADR (AMX): Free Stock Analysis Report
BP PLC (BP): Free Stock Analysis Report
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
FACEBOOK INC-A (FB): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
BANCO ITAU -ADR (ITUB): Free Stock Analysis Report
JOHNSON & JOHNS (JNJ): Free Stock Analysis Report
COCA COLA CO (KO): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
PROCTER & GAMBL (PG): Free Stock Analysis Report
SONY CORP ADR (SNE): Free Stock Analysis Report
VISA INC-A (V): Free Stock Analysis Report
YINGLI GREEN EN (YGE): Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The sponsors include Ambev S.A. ( ABEV ), Coca-Cola, Banco Itau, Johnson & Johnson, Hyundai, Nestle, Oi and local retailer Magazine Luiza. AMBEV-PR ADR (ABEV): Free Stock Analysis Report ADIDAS AG-ADR (ADDYY): Get Free Report AMER MOVIL-ADR (AMX): Free Stock Analysis Report BP PLC (BP): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report BANCO ITAU -ADR (ITUB): Free Stock Analysis Report JOHNSON & JOHNS (JNJ): Free Stock Analysis Report COCA COLA CO (KO): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report VISA INC-A (V): Free Stock Analysis Report YINGLI GREEN EN (YGE): Free Stock Analysis Report To read this article on Zacks.com click here. The FIFA World Cup Sponsors comprise Budweiser - the beer brand of Anheuser-Busch InBev SA/NV ( BUD ), Johnson & Johnson ( JNJ ), Castrol - the motor oil and lubricants firm owned by BP plc ( BP ), McDonald's Corp. ( MCD ), Moy Park - the food company owned by Marfrig Global Foods S.A. ( MRRTY ), Continental AG, Brazilian telecommunications giant Oi and Yingli Solar - the photovoltaic brand of Yingli Green Energy Holding Co. Ltd. ( YGE ). | The sponsors include Ambev S.A. ( ABEV ), Coca-Cola, Banco Itau, Johnson & Johnson, Hyundai, Nestle, Oi and local retailer Magazine Luiza. AMBEV-PR ADR (ABEV): Free Stock Analysis Report ADIDAS AG-ADR (ADDYY): Get Free Report AMER MOVIL-ADR (AMX): Free Stock Analysis Report BP PLC (BP): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report BANCO ITAU -ADR (ITUB): Free Stock Analysis Report JOHNSON & JOHNS (JNJ): Free Stock Analysis Report COCA COLA CO (KO): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report VISA INC-A (V): Free Stock Analysis Report YINGLI GREEN EN (YGE): Free Stock Analysis Report To read this article on Zacks.com click here. The FIFA World Cup Sponsors comprise Budweiser - the beer brand of Anheuser-Busch InBev SA/NV ( BUD ), Johnson & Johnson ( JNJ ), Castrol - the motor oil and lubricants firm owned by BP plc ( BP ), McDonald's Corp. ( MCD ), Moy Park - the food company owned by Marfrig Global Foods S.A. ( MRRTY ), Continental AG, Brazilian telecommunications giant Oi and Yingli Solar - the photovoltaic brand of Yingli Green Energy Holding Co. Ltd. ( YGE ). | AMBEV-PR ADR (ABEV): Free Stock Analysis Report ADIDAS AG-ADR (ADDYY): Get Free Report AMER MOVIL-ADR (AMX): Free Stock Analysis Report BP PLC (BP): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report BANCO ITAU -ADR (ITUB): Free Stock Analysis Report JOHNSON & JOHNS (JNJ): Free Stock Analysis Report COCA COLA CO (KO): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report VISA INC-A (V): Free Stock Analysis Report YINGLI GREEN EN (YGE): Free Stock Analysis Report To read this article on Zacks.com click here. The sponsors include Ambev S.A. ( ABEV ), Coca-Cola, Banco Itau, Johnson & Johnson, Hyundai, Nestle, Oi and local retailer Magazine Luiza. The first tier consists of the FIFA Partners, followed by the FIFA World Cup Sponsors and the National Supporters for each FIFA event. | The sponsors include Ambev S.A. ( ABEV ), Coca-Cola, Banco Itau, Johnson & Johnson, Hyundai, Nestle, Oi and local retailer Magazine Luiza. AMBEV-PR ADR (ABEV): Free Stock Analysis Report ADIDAS AG-ADR (ADDYY): Get Free Report AMER MOVIL-ADR (AMX): Free Stock Analysis Report BP PLC (BP): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report BANCO ITAU -ADR (ITUB): Free Stock Analysis Report JOHNSON & JOHNS (JNJ): Free Stock Analysis Report COCA COLA CO (KO): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report VISA INC-A (V): Free Stock Analysis Report YINGLI GREEN EN (YGE): Free Stock Analysis Report To read this article on Zacks.com click here. The first tier consists of the FIFA Partners, followed by the FIFA World Cup Sponsors and the National Supporters for each FIFA event. |
28462.0 | 2014-02-19 00:00:00 UTC | Emerging Markets Consumer ETF Experiences Big Outflow | ABEV | https://www.nasdaq.com/articles/emerging-markets-consumer-etf-experiences-big-outflow-2014-02-19 | nan | nan | Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $29.0 million dollar outflow -- that's a 2.4% decrease week over week (from 48,900,000 to 47,750,000). Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is up about 0.3%, and Ctrip.com International Ltd (Symbol: CTRP) is higher by about 0.1%. The chart below shows the one year price performance of ECON, versus its 200 day moving average:
Looking at the chart above, ECON's low point in its 52 week range is $23.52 per share, with $28.52 as the 52 week high point - that compares with a last trade of $25.16. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » .
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is up about 0.3%, and Ctrip.com International Ltd (Symbol: CTRP) is higher by about 0.1%. The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.52 per share, with $28.52 as the 52 week high point - that compares with a last trade of $25.16. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is up about 0.3%, and Ctrip.com International Ltd (Symbol: CTRP) is higher by about 0.1%. The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.52 per share, with $28.52 as the 52 week high point - that compares with a last trade of $25.16. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is up about 0.3%, and Ctrip.com International Ltd (Symbol: CTRP) is higher by about 0.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $29.0 million dollar outflow -- that's a 2.4% decrease week over week (from 48,900,000 to 47,750,000). The chart below shows the one year price performance of ECON, versus its 200 day moving average: Looking at the chart above, ECON's low point in its 52 week range is $23.52 per share, with $28.52 as the 52 week high point - that compares with a last trade of $25.16. | Among the largest underlying components of ECON, in trading today Ambev SA (Symbol: ABEV) is up about 0.1%, BRF S.A. (Symbol: BRFS) is up about 0.3%, and Ctrip.com International Ltd (Symbol: CTRP) is higher by about 0.1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Emerging Markets Consumer ETF (Symbol: ECON) where we have detected an approximate $29.0 million dollar outflow -- that's a 2.4% decrease week over week (from 48,900,000 to 47,750,000). Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. |
28463.0 | 2014-01-29 00:00:00 UTC | Manning & Napier New Stocks of Fourth Quarter | ABEV | https://www.nasdaq.com/articles/manning-napier-new-stocks-fourth-quarter-2014-01-29 | nan | nan | Manning & Napier is an investment management company operating managed accounts, mutual funds and collective investment trust funds. As of Nov. 30, 2013, the firm has $50.4 billion in assets under management. Manning & Napier has a team approach to investing, is price conscious about stock selection, and focuses on positive absolute returns by avoiding over-valued areas.
Of the company's 333 long portfolio positions, 25 were new selections in the fourth quarter, according to data out today. The portfolio is fair valued at $22.13 billion.
Below are Manning & Napier's top new fourth-quarter buys.
5) HCA Holdings Inc. ( HCA )
Manning & Napier purchased 40,712 shares of HCA Holdings Inc. in the fourth quarter. The new holding reflects 0.18% of the portfolio.
HCA Holding Inc. is the nation's largest healthcare services provider. HCA Holdings Inc. has a market cap of $22.11 billion; its shares were traded at around $49.38 with a P/E ratio of 16 and P/S ratio of 0.7. HCA Holdings Inc. had an annual average earnings growth of 7.7% over the past 10 years.
4) Qihoo 360 Technology Co. Ltd. ( QIHU )
The firm purchased 1,088,560 shares of Qihoo 360 in the fourth quarter when the price averaged $84. The holding represents 0.4% of the portfolio.
Qihoo 360 Technology Co. Ltd. provides high-quality internet and mobile security products in China. Qihoo 360 Technology Co. Ltd. has a market cap of $11.29 billion; its shares were traded at around $91.97 with a P/E ratio of 122.80 and P/S ratio of 21.20.
3) DaVita HealthCare Partners Inc. ( DVA )
The firm bought 1,518,586 shares of DaVita HealthCare Partners in the fourth quarter when the price averaged $59. The holding represents 0.43% of the portfolio.
DaVita HealthCare Partners Inc. was incorporated as a Delaware corporation in 1994. DaVita HealthCare Partners Inc has a market cap of $13.6 billion; its shares were traded at around $63.96 with a P/E ratio of 23.70 and P/S ratio of 1.20. DaVita HealthCare Partners Inc. had an annual average earnings growth of 18.10% over the past 10 years. GuruFocus rated DaVita Healthcare Partners Inc. the business predictability rank of 3.5-star.
2) Realogy Holdings Corp. ( RLGY )
Manning & Napier bought 3,953,840 shares of Realogy Holdings Corp. in the fourth quarter whe the price averaged $45. The holding represents 0.88% of the portfolio.
Realogy Holdings Corp. is a global real estate brokerage franchising company that also engages in relocation and title services. Realogy Holdings Corp. has a market cap of $6.72 billion; its shares were traded at around $46.00 with and P/S ratio of 1.30.
1) Ambev SA ( ABEV )
Manning & Napier's larges new buy was of 55,415,500 shares of Ambev SA in the fourth quarter when the price averaged $7.
Companhia de Bebidas das Americas Ambev is the successor of Companhia Cervejaria Brahma ("Brahma") and Companhia Antarctica Paulista Industria Brasileira de Bebidas e Conexos ("Antarctica"), two of the oldest brewers in Brazil. Ambev Sa has a market cap of $101.81 billion; its shares were traded at around $6.50 with a P/E ratio of 31 and P/S ratio of 8. The dividend yield of Ambev Sa stocks is 0.60%. Ambev SA had an annual average earnings growth of 21.50% over the past 10 years. GuruFocus rated Ambev SA the business predictability rank of 4-star.
See more of Manning & Napier's new buys and sells in its portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 1) Ambev SA ( ABEV ) Manning & Napier's larges new buy was of 55,415,500 shares of Ambev SA in the fourth quarter when the price averaged $7. Manning & Napier has a team approach to investing, is price conscious about stock selection, and focuses on positive absolute returns by avoiding over-valued areas. Realogy Holdings Corp. is a global real estate brokerage franchising company that also engages in relocation and title services. | 1) Ambev SA ( ABEV ) Manning & Napier's larges new buy was of 55,415,500 shares of Ambev SA in the fourth quarter when the price averaged $7. 5) HCA Holdings Inc. ( HCA ) Manning & Napier purchased 40,712 shares of HCA Holdings Inc. in the fourth quarter. 3) DaVita HealthCare Partners Inc. ( DVA ) The firm bought 1,518,586 shares of DaVita HealthCare Partners in the fourth quarter when the price averaged $59. | 1) Ambev SA ( ABEV ) Manning & Napier's larges new buy was of 55,415,500 shares of Ambev SA in the fourth quarter when the price averaged $7. 5) HCA Holdings Inc. ( HCA ) Manning & Napier purchased 40,712 shares of HCA Holdings Inc. in the fourth quarter. 2) Realogy Holdings Corp. ( RLGY ) Manning & Napier bought 3,953,840 shares of Realogy Holdings Corp. in the fourth quarter whe the price averaged $45. | 1) Ambev SA ( ABEV ) Manning & Napier's larges new buy was of 55,415,500 shares of Ambev SA in the fourth quarter when the price averaged $7. 5) HCA Holdings Inc. ( HCA ) Manning & Napier purchased 40,712 shares of HCA Holdings Inc. in the fourth quarter. The new holding reflects 0.18% of the portfolio. |
28464.0 | 2014-01-14 00:00:00 UTC | Ambev S.A. (ABEV) Ex-Dividend Date Scheduled for January 15, 2014 | ABEV | https://www.nasdaq.com/articles/ambev-sa-abev-ex-dividend-date-scheduled-january-15-2014-2014-01-14 | nan | nan | Ambev S.A. ( ABEV ) will begin trading ex-dividend on January 15, 2014. A cash dividend payment of $0.107172 per share Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment.
The previous trading day's last sale of ABEV was $7.24, representing a -7.77% decrease from the 52 week high of $7.85 and a 7.26% increase over the 52 week low of $6.75.
ABEV is a part of the Consumer Non-Durables sector, which includes companies such as Coca-Cola Company ( KO ) and Anheuser-Busch Inbev SA ( BUD ). ABEV's current earnings per share, an indicator of a company's profitability, is $.31. Zacks Investment Research reports ABEV's forecasted earnings growth in 2013 as -6.57%, compared to an industry average of 10.2%.
For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABEV as a top-10 holding:
EGShares Emerging Markets Consumer ETF ( ECON )
iShares S&P Latin America 40 Index Fund ( ILF )
Guggenheim BRIC ETF ( EEB )
BLDRS Emerging Markets 50 ADR Index Fund ( ADRE )
SPDR S&P Emerging Latin America ETF ( GML ).
The top-performing ETF of this group is EEB with an increase of 2.18% over the last 100 days. ECON has the highest percent weighting of ABEV at 8.52%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Zacks Investment Research reports ABEV's forecasted earnings growth in 2013 as -6.57%, compared to an industry average of 10.2%. For more information on the declaration, record and payment dates, visit the ABEV Dividend History page. Interested in gaining exposure to ABEV through an Exchange Traded Fund [ETF]? | A cash dividend payment of $0.107172 per share Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ) SPDR S&P Emerging Latin America ETF ( GML ). Ambev S.A. ( ABEV ) will begin trading ex-dividend on January 15, 2014. | A cash dividend payment of $0.107172 per share Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABEV was $7.24, representing a -7.77% decrease from the 52 week high of $7.85 and a 7.26% increase over the 52 week low of $6.75. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ) SPDR S&P Emerging Latin America ETF ( GML ). | A cash dividend payment of $0.107172 per share Shareholders who purchased ABEV stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABEV as a top-10 holding: EGShares Emerging Markets Consumer ETF ( ECON ) iShares S&P Latin America 40 Index Fund ( ILF ) Guggenheim BRIC ETF ( EEB ) BLDRS Emerging Markets 50 ADR Index Fund ( ADRE ) SPDR S&P Emerging Latin America ETF ( GML ). Ambev S.A. ( ABEV ) will begin trading ex-dividend on January 15, 2014. |
28465.0 | 2013-12-31 00:00:00 UTC | After Hours Most Active for Dec 31, 2013 : BAC, HHC, QQQ, MPEL, SNTS, GIII, FB, CSCO, GE, RAD, ABEV, OPK | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-dec-31-2013-bac-hhc-qqq-mpel-snts-giii-fb-csco-ge-rad-abev-opk | nan | nan | The NASDAQ 100 After Hours Indicator is up .59 to 3,592.59. The total After hours volume is currently 32,028,796 shares traded.
The following are the most active stocks for the after hours session :
Bank of America Corporation ( BAC ) is +0.02 at $15.59, with 1,648,050 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2014. The consensus EPS forecast is $0.3. BAC's current last sale is 103.93% of the target price of $15.
Howard Hughes Corporation (The) ( HHC ) is unchanged at $120.10, with 1,502,307 shares traded. As reported by Zacks, the current mean recommendation for HHC is in the "strong buy range".
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.1 at $88.06, with 1,235,737 shares traded., following a 52-week high recorded in today's regular session.
Melco Crown Entertainment Limited ( MPEL ) is unchanged at $39.22, with 1,005,585 shares traded. MPEL's current last sale is 95.66% of the target price of $41.
Santarus, Inc. ( SNTS ) is -0.01 at $31.95, with 945,682 shares traded. SNTS's current last sale is 99.84% of the target price of $32.
G-III Apparel Group, LTD. ( GIII ) is +0.21 at $74.00, with 900,243 shares traded. As reported by Zacks, the current mean recommendation for GIII is in the "buy range".
Facebook, Inc. ( FB ) is +0.11 at $54.77, with 894,935 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Cisco Systems, Inc. ( CSCO ) is unchanged at $22.45, with 754,642 shares traded. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
General Electric Company ( GE ) is -0.01 at $28.02, with 725,529 shares traded., following a 52-week high recorded in today's regular session.
Rite Aid Corporation ( RAD ) is unchanged at $5.06, with 615,227 shares traded. RAD's current last sale is 84.33% of the target price of $6.
Ambev S.A. ( ABEV ) is unchanged at $7.34, with 533,095 shares traded. ABEV's current last sale is 85.35% of the target price of $8.6.
Opko Health Inc ( OPK ) is +0.021 at $8.46, with 397,555 shares traded. As reported by Zacks, the current mean recommendation for OPK is in the "strong buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ambev S.A. ( ABEV ) is unchanged at $7.34, with 533,095 shares traded. ABEV's current last sale is 85.35% of the target price of $8.6. The following are the most active stocks for the after hours session : Bank of America Corporation ( BAC ) is +0.02 at $15.59, with 1,648,050 shares traded. | Ambev S.A. ( ABEV ) is unchanged at $7.34, with 533,095 shares traded. ABEV's current last sale is 85.35% of the target price of $8.6. As reported by Zacks, the current mean recommendation for HHC is in the "strong buy range". | Ambev S.A. ( ABEV ) is unchanged at $7.34, with 533,095 shares traded. ABEV's current last sale is 85.35% of the target price of $8.6. The following are the most active stocks for the after hours session : Bank of America Corporation ( BAC ) is +0.02 at $15.59, with 1,648,050 shares traded. | Ambev S.A. ( ABEV ) is unchanged at $7.34, with 533,095 shares traded. ABEV's current last sale is 85.35% of the target price of $8.6. The NASDAQ 100 After Hours Indicator is up .59 to 3,592.59. |
28466.0 | 2013-12-18 00:00:00 UTC | Vina Concha Y Toro (VCO) Ex-Dividend Date Scheduled for December 19, 2013 | ABEV | https://www.nasdaq.com/articles/vina-concha-y-toro-vco-ex-dividend-date-scheduled-december-19-2013-2013-12-18 | nan | nan | Vina Concha Y Toro ( VCO ) will begin trading ex-dividend on December 19, 2013. A cash dividend payment of $0.112477 per share Shareholders who purchased VCO stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -4.96% decrease from the prior quarter. At the current stock price of $35.98, the dividend yield is 1.25%.
The previous trading day's last sale of VCO was $35.98, representing a -15.78% decrease from the 52 week high of $42.72 and a 8.7% increase over the 52 week low of $33.10.
VCO is a part of the Consumer Non-Durables sector, which includes companies such as Ambev S.A. ( ABEV ) and Coca-Cola Company ( KO ). VCO's current earnings per share, an indicator of a company's profitability, is $1.69.
For more information on the declaration, record and payment dates, visit the VCO Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | VCO is a part of the Consumer Non-Durables sector, which includes companies such as Ambev S.A. ( ABEV ) and Coca-Cola Company ( KO ). Vina Concha Y Toro ( VCO ) will begin trading ex-dividend on December 19, 2013. VCO's current earnings per share, an indicator of a company's profitability, is $1.69. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. VCO is a part of the Consumer Non-Durables sector, which includes companies such as Ambev S.A. ( ABEV ) and Coca-Cola Company ( KO ). A cash dividend payment of $0.112477 per share Shareholders who purchased VCO stock prior to the ex-dividend date are eligible for the cash dividend payment. | VCO is a part of the Consumer Non-Durables sector, which includes companies such as Ambev S.A. ( ABEV ) and Coca-Cola Company ( KO ). A cash dividend payment of $0.112477 per share Shareholders who purchased VCO stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of VCO was $35.98, representing a -15.78% decrease from the 52 week high of $42.72 and a 8.7% increase over the 52 week low of $33.10. | VCO is a part of the Consumer Non-Durables sector, which includes companies such as Ambev S.A. ( ABEV ) and Coca-Cola Company ( KO ). A cash dividend payment of $0.112477 per share Shareholders who purchased VCO stock prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $35.98, the dividend yield is 1.25%. |
28467.0 | 2013-12-04 00:00:00 UTC | After Hours Most Active for Dec 4, 2013 : CSCO, INTC, BAC, IGK/CL, YHOO, MDLZ, MRVL, LVLT, BSX, QQQ, ABEV, AIG | ABEV | https://www.nasdaq.com/articles/after-hours-most-active-dec-4-2013-csco-intc-bac-igkcl-yhoo-mdlz-mrvl-lvlt-bsx-qqq-abev | nan | nan | The NASDAQ 100 After Hours Indicator is up .22 to 3,483.23. The total After hours volume is currently 25,020,963 shares traded.
The following are the most active stocks for the after hours session :
Cisco Systems, Inc. ( CSCO ) is +0.0358 at $21.29, with 1,490,869 shares traded. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
Intel Corporation ( INTC ) is -0.0041 at $23.74, with 1,445,299 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2014. The consensus EPS forecast is $0.43. As reported in the last short interest update the days to cover for INTC is 9.615535; this calculation is based on the average trading volume of the stock.
Bank of America Corporation ( BAC ) is +0.01 at $15.64, with 1,184,782 shares traded. BAC's current last sale is 104.27% of the target price of $15.
ING Group, N.V. (IGK/CL) is +0.005 at $24.99, with 1,000,000 shares traded.
Yahoo! Inc. ( YHOO ) is -0.08 at $38.05, with 862,737 shares traded., following a 52-week high recorded in today's regular session.
Mondelez International, Inc. ( MDLZ ) is unchanged at $34.27, with 847,192 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.43. MDLZ's current last sale is 100.79% of the target price of $34.
Marvell Technology Group Ltd. ( MRVL ) is +0.003 at $14.21, with 810,351 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2014. The consensus EPS forecast is $0.18. MRVL's current last sale is 94.75% of the target price of $15.
Level 3 Communications, Inc. ( LVLT ) is +0.2448 at $30.45, with 797,600 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.11. LVLT's current last sale is 101.52% of the target price of $30.
Boston Scientific Corporation ( BSX ) is +0.0695 at $11.38, with 790,470 shares traded. BSX's current last sale is 94.83% of the target price of $12.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.01 at $85.48, with 789,871 shares traded. This represents a 34.44% increase from its 52 Week Low.
Ambev S.A. ( ABEV ) is -0.0618 at $7.03, with 750,556 shares traded. As reported in the last short interest update the days to cover for ABEV is 8.014145; this calculation is based on the average trading volume of the stock.
American International Group, Inc. ( AIG ) is -0.0668 at $48.87, with 573,774 shares traded. AIG's current last sale is 88.86% of the target price of $55.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As reported in the last short interest update the days to cover for ABEV is 8.014145; this calculation is based on the average trading volume of the stock. Ambev S.A. ( ABEV ) is -0.0618 at $7.03, with 750,556 shares traded. The following are the most active stocks for the after hours session : Cisco Systems, Inc. ( CSCO ) is +0.0358 at $21.29, with 1,490,869 shares traded. | As reported in the last short interest update the days to cover for ABEV is 8.014145; this calculation is based on the average trading volume of the stock. Ambev S.A. ( ABEV ) is -0.0618 at $7.03, with 750,556 shares traded. As reported in the last short interest update the days to cover for INTC is 9.615535; this calculation is based on the average trading volume of the stock. | Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. Ambev S.A. ( ABEV ) is -0.0618 at $7.03, with 750,556 shares traded. As reported in the last short interest update the days to cover for ABEV is 8.014145; this calculation is based on the average trading volume of the stock. | Ambev S.A. ( ABEV ) is -0.0618 at $7.03, with 750,556 shares traded. As reported in the last short interest update the days to cover for ABEV is 8.014145; this calculation is based on the average trading volume of the stock. The NASDAQ 100 After Hours Indicator is up .22 to 3,483.23. |
28468.0 | 2023-12-16 00:00:00 UTC | Auto Roundup: GM's Cruise Layoff Update, BLBD's Quarterly Release & More | ABG | https://www.nasdaq.com/articles/auto-roundup%3A-gms-cruise-layoff-update-blbds-quarterly-release-more | nan | nan | Last week, auto retailers Penske Automotive Group, Inc. PAG and Asbury Automotive Group, Inc. ABG made headlines with acquisition updates. While PAG signed a deal to acquire Rybrook Group Limited to expand its footprint in the United Kingdom, ABG completed the acquisition of Jim Koons, which will add around $3 billion in its annualized sales.
General Motors’ GM self-driving business Cruise is set to reduce its workforce by 24% as part of a restructuring effort following a recent incident that compelled the suspension of its U.S. testing activities. Meanwhile, school bus manufacturer Blue Bird Corporation BLBD reported fiscal fourth-quarter 2023 results. It exceeded expectations on both fronts as well as lifted fiscal 2024 guidance.
While PAG currently carries a Zacks Rank #4 (Sell), ABG, GM and BLBD carry a Zacks Rank #3 (Hold) each. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Last Week’s Top Stories
Penske signed an agreement to acquire Rybrook Group Limited, which consists of 15 premium dealerships in the United Kingdom. These dealerships comprise four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. Among the four BMW dealerships, three locations retail BMW Motorrad motorcycles.
The buyout represents estimated annualized revenues of $1 billion. Subject to regulatory approvals and satisfactory closing conditions, the transaction is expected to be completed by January 2024. The company plans to fund this acquisition using its existing liquidity. Last year, PAG completed several acquisitions and opened new dealerships worth more than $1.3 billion in annualized revenues.
Asbury completed the acquisition of Jim Koons Automotive Companies, one of the 10 largest privately owned dealership groups in the United States.The sale comprised 20 dealerships, 29 franchises and six collision centers in the United States. It also included one of the highest-volume Toyota dealerships in the United States. The transaction was financed through borrowings under Asbury's existing credit facility and available cash reserves.
The acquisition will contribute around $3 billion in annualized revenues. Asbury foresees the profitability of the Koons dealership to align closely with that of Asbury's other dealerships. The total purchase price, approximately $1.2 billion, encompasses $740 million in goodwill and $420 million in real estate and leasehold improvements, along with vehicle inventory (net of floorplan), parts inventory, and fixed assets of the dealerships.
General Motors’ Cruise will reduce its workforce by 24%, mainly in commercial operations and related corporate functions. Before announcing the layoff, Cruise had 3,800 employees. The affected employees will receive their paychecks till Feb 12, 2023. They will also receive an additional eight weeks of salary plus tenure-based severance.
Cruise also dismissed nine key leaders due to an accident that took place on Oct 2, 2023. The accident involved a Cruise self-driving car that dragged a pedestrian 20 feet after being struck by a vehicle. Per a memo seen by Reuters, new leadership is crucial for the company to regain trust and operate with the highest standards. After the accident, California suspended the driverless testing permit of the Cruise robotaxi unit. Last month, GM announced cutting costs at Cruise, which has lost more than $700 million in the third quarter and $8 billion since 2016.
Blue Bird came out with fiscal fourth-quarter 2023 adjusted quarterly earnings of 62 cents per share, beating the Zacks Consensus Estimate of 46 cents per share. The company had reported a loss of 67 cents per share a year ago. Revenues totaled $303 million, ahead of the consensus mark of $300 million and increasing from $257.7 million recorded in the year-ago period.
During the quarter under review, bus sales saw an uptick of $41.7 million, primarily driven by a 12.1% rise in the average sales price per unit. This increase can be attributed to product and mix adjustments, strategic pricing measures implemented by management in response to heightened inventory purchase costs and a 5% rise in the number of units booked. In the fourth quarter of fiscal 2023, 2,116 units were booked, up from 2,016 units booked during the corresponding period in fiscal 2022.
Given the strong finish to 2023 and improved visibility for 2024, Blue Bird is raising its fiscal 2024 guidance. The updated projections include net revenues in the range of $1.15-1.25 billion. Adjusted EBITDA is expected to be between $105 million and 125 million. Adjusted FCF is anticipated to be in the range of $50-$60 million. The company is affirming its long-term outlook, aiming for sustained and profitable growth toward achieving revenues of $2 billion and maintaining adjusted EBITDA margins of 12% or higher.
Price Performance
The following table shows the price movement of some of the major auto players over the last week and six-month period.
Image Source: Zacks Investment Research
What’s Next in the Auto Space?
Industry watchers will keep a tab on November new car registration data to be released by the European Automobile Manufacturers Association.
Zacks Naming Top 10 Stocks for 2024
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Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report
General Motors Company (GM) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report
Blue Bird Corporation (BLBD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | While PAG signed a deal to acquire Rybrook Group Limited to expand its footprint in the United Kingdom, ABG completed the acquisition of Jim Koons, which will add around $3 billion in its annualized sales. Last week, auto retailers Penske Automotive Group, Inc. PAG and Asbury Automotive Group, Inc. ABG made headlines with acquisition updates. While PAG currently carries a Zacks Rank #4 (Sell), ABG, GM and BLBD carry a Zacks Rank #3 (Hold) each. | Last week, auto retailers Penske Automotive Group, Inc. PAG and Asbury Automotive Group, Inc. ABG made headlines with acquisition updates. Click to get this free report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Blue Bird Corporation (BLBD) : Free Stock Analysis Report To read this article on Zacks.com click here. While PAG signed a deal to acquire Rybrook Group Limited to expand its footprint in the United Kingdom, ABG completed the acquisition of Jim Koons, which will add around $3 billion in its annualized sales. | Click to get this free report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Blue Bird Corporation (BLBD) : Free Stock Analysis Report To read this article on Zacks.com click here. Last week, auto retailers Penske Automotive Group, Inc. PAG and Asbury Automotive Group, Inc. ABG made headlines with acquisition updates. While PAG signed a deal to acquire Rybrook Group Limited to expand its footprint in the United Kingdom, ABG completed the acquisition of Jim Koons, which will add around $3 billion in its annualized sales. | Last week, auto retailers Penske Automotive Group, Inc. PAG and Asbury Automotive Group, Inc. ABG made headlines with acquisition updates. While PAG signed a deal to acquire Rybrook Group Limited to expand its footprint in the United Kingdom, ABG completed the acquisition of Jim Koons, which will add around $3 billion in its annualized sales. While PAG currently carries a Zacks Rank #4 (Sell), ABG, GM and BLBD carry a Zacks Rank #3 (Hold) each. |
28469.0 | 2023-12-13 00:00:00 UTC | Strength Seen in Group 1 Automotive (GPI): Can Its 3.9% Jump Turn into More Strength? | ABG | https://www.nasdaq.com/articles/strength-seen-in-group-1-automotive-gpi%3A-can-its-3.9-jump-turn-into-more-strength | nan | nan | Group 1 Automotive (GPI) shares ended the last trading session 3.9% higher at $297.49. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.5% loss over the past four weeks.
Investors are optimistic about Group 1’s acquisitions of dealerships and franchises. The company has acquired revenues of more than $1 billion this year. GPI’s diversified product mix and omnichannel efforts also bode well. The AcceleRide platform, its online retailing initiative, active at most of the firm’s U.S. dealerships, allows the company to enjoy higher productivity.
This auto dealer is expected to post quarterly earnings of $10.46 per share in its upcoming report, which represents a year-over-year change of -3.7%. Revenues are expected to be $4.38 billion, up 7.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Group 1 Automotive, the consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on GPI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Group 1 Automotive is part of the Zacks Automotive - Retail and Whole Sales industry. Asbury Automotive Group (ABG), another stock in the same industry, closed the last trading session 5.7% higher at $234.34. ABG has returned -0.4% in the past month.
Asbury Automotive's consensus EPS estimate for the upcoming report has changed +0.1% over the past month to $7.64. Compared to the company's year-ago EPS, this represents a change of -16.2%. Asbury Automotive currently boasts a Zacks Rank of #3 (Hold).
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Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group (ABG), another stock in the same industry, closed the last trading session 5.7% higher at $234.34. ABG has returned -0.4% in the past month. Click to get this free report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group (ABG), another stock in the same industry, closed the last trading session 5.7% higher at $234.34. ABG has returned -0.4% in the past month. | Click to get this free report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group (ABG), another stock in the same industry, closed the last trading session 5.7% higher at $234.34. ABG has returned -0.4% in the past month. | Asbury Automotive Group (ABG), another stock in the same industry, closed the last trading session 5.7% higher at $234.34. ABG has returned -0.4% in the past month. Click to get this free report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. |
28470.0 | 2023-12-07 00:00:00 UTC | Russell 2000 Front-Runners: 3 Stocks to Keep an Eye On | ABG | https://www.nasdaq.com/articles/russell-2000-front-runners%3A-3-stocks-to-keep-an-eye-on | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
While all eyes may be on the usual suspects of market hype and influence, astute investors with a contrarian streak may want to consider Russell 2000 stocks. A key benchmark for the vitality of up-and-comers, the Russell 2000 is a small-capitalization market index. Specifically, it makes up the smallest 2,000 securities listed in the Russell 3000 index.
Fundamentally, small-cap stock picks make plenty of sense for investors willing to absorb a heightened risk-reward profile. Mainly, fewer investors are willing to chase these enterprises because they’re not making headline news on The Wall Street Journal or CNBC. Further, because of their small-cap stature, they’re more prone to wild or volatile price action.
And to be sure, no one should deny that Russell 2000 stocks to watch present a much trickier narrative than your typical blue chips. That said, the latter category represent established and mature enterprises that have limited upside potential.
But Russell 2000 stocks? They’re big enough to meet minimum weight classification for the boxing match but they can pack a serious punch. Below are a handful of securities to consider.
Asbury Automotive (ABG)
Source: lumen-digital / Shutterstock.com
At first glance, Asbury Automotive (NYSE:ABG) might seem unnecessarily risky. As an auto dealership plying its trade during a high-interest-rate environment, prospects at face value seem dim. However, since the start of the year, ABG gained over 23% of equity value. That’s a decent performance given the headwinds that it faces. Even better, it could be on the move.
To be sure, ABG isn’t a walk in the park regarding Russell 2000 stocks to watch. However, let’s look at the facts. According to investment data aggregator Gurufocus, the company prints a three-year revenue growth rate of 22.6%. That’s well above the underlying sector average growth rate of 6.1%. However, what’s really appealing here is the trailing-year revenue multiple of 0.32X. In contrast, the sector median comes in at 0.84X.
And don’t think that people won’t be buying vehicles. With the average age of passenger vehicles in the U.S. hitting a record 12.5 years in 2023, these machines will break down eventually. Also, analysts peg ABG a strong buy, making it one of the small-cap stock picks to consider.
Harmony Biosciences (HRMY)
Source: Sisacorn / Shutterstock.com
At first glance, Harmony Biosciences (NASDAQ:HRMY) doesn’t appear anywhere close to ranking among the Russell 2000 stock winners. Since the start of the year, HRMY dropped more than 39% of equity value. So, why bother discussing this $1.88 billion dollar enterprise? Well, in the trailing one-month period, HRMY returned nearly 32% of equity value.
Fundamentally, the company specializes in rare neurological diseases that other biotechnology firms often overlook. According to Deloitte, the market value of the global neuroscience market reached $612 billion last year. Experts project that the segment could expand at a compound annual growth rate (CAGR) of 4.2% until 2026, when it may hit a valuation of $721 billion.
So far, the company is growing at a rapid pace. Nevertheless, HRMY trades at a sales multiple of only 3.61x. In contrast, the sector median comes in at 91.8x. Also, Harmony is undervalued relative to forward earnings (11.51x multiple).
Lastly, HRMY carries a moderate buy rating with a price target of $42.63, implying 33% growth. That makes it one of the top small-cap stock picks to consider.
Callon Petroleum (CPE)
Source: Pavel Kapysh / Shutterstock.com
Closing the discussion of Russell 2000 stocks on the riskiest of the bunch, Callon Petroleum (NYSE:CPE) nevertheless deserves a closer examination. Yes, investors will point out that CPE lost about 14% of equity value since the start of the year. That’s distracting. Even worse, in the trailing one-month period, shares tanked 12%. Still, this could be ripe for a possible comeback.
For one thing, bearish traders have speculated against Callon, which might not work out. For example, a major entity sold 500 contracts of the Dec 15 ’23 37.00 Call late last month. At the time of the transaction, the spot price of CPE was $31.81. If shares eventually move past that point, the bears might panic and cover the position. That would likely be bullish for Callon speculators.
Financially, the company represents one of the sector’s top growth plays, featuring a three-year revenue growth rate of 22%. However, it trades at a trailing-year sales multiple of 0.78x, below the sector median of 1.04x. Finally, analysts peg shares as a moderate buy with a $46.44 price target, projecting 56% upside potential.
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive (ABG) Source: lumen-digital / Shutterstock.com At first glance, Asbury Automotive (NYSE:ABG) might seem unnecessarily risky. However, since the start of the year, ABG gained over 23% of equity value. To be sure, ABG isn’t a walk in the park regarding Russell 2000 stocks to watch. | Asbury Automotive (ABG) Source: lumen-digital / Shutterstock.com At first glance, Asbury Automotive (NYSE:ABG) might seem unnecessarily risky. However, since the start of the year, ABG gained over 23% of equity value. To be sure, ABG isn’t a walk in the park regarding Russell 2000 stocks to watch. | Asbury Automotive (ABG) Source: lumen-digital / Shutterstock.com At first glance, Asbury Automotive (NYSE:ABG) might seem unnecessarily risky. However, since the start of the year, ABG gained over 23% of equity value. To be sure, ABG isn’t a walk in the park regarding Russell 2000 stocks to watch. | Also, analysts peg ABG a strong buy, making it one of the small-cap stock picks to consider. Asbury Automotive (ABG) Source: lumen-digital / Shutterstock.com At first glance, Asbury Automotive (NYSE:ABG) might seem unnecessarily risky. However, since the start of the year, ABG gained over 23% of equity value. |
28471.0 | 2023-12-05 00:00:00 UTC | ABG Crosses Below Key Moving Average Level | ABG | https://www.nasdaq.com/articles/abg-crosses-below-key-moving-average-level-0 | nan | nan | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $216.15, changing hands as low as $215.31 per share. Asbury Automotive Group Inc shares are currently trading off about 2.9% on the day. The chart below shows the one year performance of ABG shares, versus its 200 day moving average:
Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $215.98.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $216.15, changing hands as low as $215.31 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $215.98. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: Top Stocks Held By Steven Cohen X Insider Buying | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $216.15, changing hands as low as $215.31 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $215.98. Asbury Automotive Group Inc shares are currently trading off about 2.9% on the day. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $216.15, changing hands as low as $215.31 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $215.98. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $216.15, changing hands as low as $215.31 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $215.98. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: Top Stocks Held By Steven Cohen X Insider Buying |
28472.0 | 2023-11-24 00:00:00 UTC | Why Is Group 1 Automotive (GPI) Up 12.2% Since Last Earnings Report? | ABG | https://www.nasdaq.com/articles/why-is-group-1-automotive-gpi-up-12.2-since-last-earnings-report | nan | nan | A month has gone by since the last earnings report for Group 1 Automotive (GPI). Shares have added about 12.2% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Group 1 Automotive due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Group 1 Q3 Earnings & Sales Top Estimates, Rise Y/Y
Group 1 reported third-quarter 2023 adjusted earnings per share of $12.07, which beat the Zacks Consensus Estimate of $11.32. The bottom line also increased from the prior-year quarter’s earnings of $12 per share. The automotive retailer registered net sales of $4,705.1 million, beating the Zacks Consensus Estimate of $4,554 million. Also, the top line rose from the year-ago quarter’s $4,163.4 million.
Quarter Highlights
New-vehicle retail sales increased 20.2% from the prior-year quarter to $2,264.5 million and exceeded our projection of $2,058.5 million on the back of higher-than-expected volumes. Total retail new vehicles sold were 45,350 units, surpassing our forecast of 40,474 units on improving inventory levels and robust demand despite the high costs of vehicle financing. Average selling price per unit was $50,300, up 4.8% year over year. The gross profit from the new vehicle retail unit totaled $194.3 million, decreasing 6% year over year but exceeding our estimate of $183.5 million owing to revenue outperformance.
Used-vehicle retail sales inched up 4.8% from the year-ago period to $1,559.6 million and outpaced our forecast by $1,420 million on higher-than-expected volumes. Total retail used vehicles sold were 50,799 units, up 4.9% year over year and above our expectation of 50,445 units. Average selling price per unit came in at $30,701, down 0.1% year over year. The gross profit from the unit was $81.4 million, rising 7% year over year and topping our estimate of $64.6 million.
Used-vehicle wholesale sales rose 28.1% year over year to $114.7 million and beat our expectation of $96.2 million. The unit recorded a gross loss of $2.3 million, widening from $1.5 million incurred in the year-ago period. In the Parts and Service business, the top line rose 10% from the year-ago quarter to $566.9 million and gross profit increased 10% year over year to $313.5 million. Revenues from the Finance and Insurance (F&I) business came in at $199.4 million, unchanged from the year-ago period levels.
Segments in Detail
In the reported quarter, revenues in the U.S. business segment climbed 11.9% year over year to $3,899.7 million and exceeded our forecast of $3,528.6 million on solid sales of new vehicle and used vehicle units. The segment’s gross profit grew 3.6% to $682.7 million and came ahead of our prediction by $51.2 million. During the reported quarter, retail new-vehicle, retail used-vehicle and wholesale used-vehicle units sold were 37,079, 39,676 and 8,380, respectively.
In the reported period, revenues rose 18.6% year over year to $805.5 million for the U.K. business segment, beating our estimate of $777 million due to higher-than-expected sales of new vehicles, used vehicles, parts/services and F&I units. Gross profit was $103.5 million, up 10.9% from the year-ago quarter and in line with our expectations. During the reported quarter, the retail new-vehicle, retail used-vehicle and wholesale used-vehicle units sold were 8,271, 11,123 and 3,360, respectively.
Financial Position
Selling, general and administrative expenses were up 10.1% year over year to $496.7 million. Group 1 Automotive had cash and cash equivalents of $52.9 million as of Sep 30, 2023, up from $47.9 million as of 2022-end. Total debt was $2,118.2 million as of Sep 30, 2023, up from $2,082.5 million recorded on Dec 31, 2022.
During the quarter under discussion, GPI repurchased 246,433 shares at an average price of $261.89 per common share for a total of $64.5 million. The company currently has $184.9 million remaining on its authorized stock buyback program.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in fresh estimates.
The consensus estimate has shifted 6.1% due to these changes.
VGM Scores
At this time, Group 1 Automotive has an average Growth Score of C, however its Momentum Score is doing a lot better with an A. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Group 1 Automotive has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Group 1 Automotive is part of the Zacks Automotive - Retail and Whole Sales industry. Over the past month, Asbury Automotive Group (ABG), a stock from the same industry, has gained 9.5%. The company reported its results for the quarter ended September 2023 more than a month ago.
Asbury Automotive reported revenues of $3.67 billion in the last reported quarter, representing a year-over-year change of -5.2%. EPS of $8.12 for the same period compares with $9.23 a year ago.
For the current quarter, Asbury Automotive is expected to post earnings of $7.64 per share, indicating a change of -16.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +1.5% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Asbury Automotive. Also, the stock has a VGM Score of B.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Over the past month, Asbury Automotive Group (ABG), a stock from the same industry, has gained 9.5%. Click to get this free report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. Will the recent positive trend continue leading up to its next earnings release, or is Group 1 Automotive due for a pullback? | Click to get this free report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. Over the past month, Asbury Automotive Group (ABG), a stock from the same industry, has gained 9.5%. Group 1 Q3 Earnings & Sales Top Estimates, Rise Y/Y Group 1 reported third-quarter 2023 adjusted earnings per share of $12.07, which beat the Zacks Consensus Estimate of $11.32. | Over the past month, Asbury Automotive Group (ABG), a stock from the same industry, has gained 9.5%. Click to get this free report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. The gross profit from the new vehicle retail unit totaled $194.3 million, decreasing 6% year over year but exceeding our estimate of $183.5 million owing to revenue outperformance. | Over the past month, Asbury Automotive Group (ABG), a stock from the same industry, has gained 9.5%. Click to get this free report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. A month has gone by since the last earnings report for Group 1 Automotive (GPI). |
28473.0 | 2023-11-23 00:00:00 UTC | Asbury Automotive (ABG) Up 12% Since Last Earnings Report: Can It Continue? | ABG | https://www.nasdaq.com/articles/asbury-automotive-abg-up-12-since-last-earnings-report%3A-can-it-continue | nan | nan | A month has gone by since the last earnings report for Asbury Automotive Group (ABG). Shares have added about 12% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Asbury Automotive due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Asbury Q3 Earnings & Revenues Miss Estimates, Fall Y/Y
Asbury reported third-quarter 2023 adjusted earnings of $8.12 per share, which decreased 12% year over year and missed the Zacks Consensus Estimate of $8.44 per share on lower-than-anticipated sales across new-vehicle, finance and insurance business and parts and service business segments.
In the reported quarter, revenues amounted to $3,666.2 million, down 5% year over year. The top line also missed the Zacks Consensus Estimate of $3,722 million.
Segment Details
In the quarter, new-vehicle revenues rose 3% year over year to $1,861.9 million, missing the Zacks Consensus Estimate of $1,897 million. Gross profit from the segment came in at $168 million, contracting 16.4% from the prior-year quarter and lagging the Zacks Consensus Estimate of $171 million.
Used-vehicle revenues slid 16% from the year-ago figure to $1,111.7 million, surpassing the Zacks Consensus Estimate of $1,097 million. Gross profit from the segment came in at $62 million, which fell 24.4% and missed the Zacks Consensus Estimate of $69 million.
Net revenues in the finance and insurance business amounted to $166.1 million, down 17% from the year-ago quarter and lagging the Zacks Consensus Estimate of $169 million. Gross profit was $152 million, declining 18.7% year over year but outpacing the Zacks Consensus Estimate of $142 million.
Revenues from the parts and service business fell 2% from the prior-year quarter to $526.5 million and missed the Zacks Consensus Estimate of $551 million. Gross profit from this segment came in at $291 million, falling 2.3% year over year and missing the Zacks Consensus Estimate of $304 million.
Other Tidbits
Adjusted selling, general & administrative (SG&A) expenses as a percentage of gross profit rose to 58.4%, marking an increase of 136 basis points year over year. Asbury sold over 11,600 vehicles, an all-time record high, through the “end-to-end” online sales platform Clicklane.
As of Sep 30, 2023, the company had cash and cash equivalents of $41.6 million, down from $235.3 million on Dec 31, 2022. It had a long-term debt of $3,222.3 million as of Sep 30, 2023, down from $3,301.2 million on Dec 31, 2022.
During the quarter under review, Asbury did not repurchase shares. On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in fresh estimates.
VGM Scores
At this time, Asbury Automotive has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Asbury Automotive has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A month has gone by since the last earnings report for Asbury Automotive Group (ABG). On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. | A month has gone by since the last earnings report for Asbury Automotive Group (ABG). On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. | A month has gone by since the last earnings report for Asbury Automotive Group (ABG). On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. | A month has gone by since the last earnings report for Asbury Automotive Group (ABG). On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. |
28474.0 | 2023-11-14 00:00:00 UTC | ABG Makes Bullish Cross Above Critical Moving Average | ABG | https://www.nasdaq.com/articles/abg-makes-bullish-cross-above-critical-moving-average | nan | nan | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed above their 200 day moving average of $217.57, changing hands as high as $219.08 per share. Asbury Automotive Group Inc shares are currently trading up about 7.4% on the day. The chart below shows the one year performance of ABG shares, versus its 200 day moving average:
Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $219.54.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed above their 200 day moving average of $217.57, changing hands as high as $219.08 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $219.54. Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: Funds Holding RAFE Institutional Holders of BSVO VB Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed above their 200 day moving average of $217.57, changing hands as high as $219.08 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $219.54. Asbury Automotive Group Inc shares are currently trading up about 7.4% on the day. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed above their 200 day moving average of $217.57, changing hands as high as $219.08 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $219.54. Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: Funds Holding RAFE Institutional Holders of BSVO VB Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed above their 200 day moving average of $217.57, changing hands as high as $219.08 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $157.47 per share, with $256.39 as the 52 week high point — that compares with a last trade of $219.54. Asbury Automotive Group Inc shares are currently trading up about 7.4% on the day. |
28475.0 | 2023-10-31 00:00:00 UTC | Validea Benjamin Graham Strategy Daily Upgrade Report - 10/31/2023 | ABG | https://www.nasdaq.com/articles/validea-benjamin-graham-strategy-daily-upgrade-report-10-31-2023 | nan | nan | The following are today's upgrades for Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a mid-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Benjamin Graham changed from 71% to 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Asbury Automotive Group, Inc. is an automotive retailer company. The Company operates through two segments: Dealerships and Total Care Auto (TCA). The Company offers a range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services, and finance and insurance (F&I) products, which includes arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) debt cancellation and prepaid maintenance. It owns and operates approximately 186 new vehicle franchises, representing 31 brands of automobiles at 139 dealership locations, 32 collision centers, seven stand-alone used vehicle dealerships, one used vehicle wholesale business and one auto auction within 14 states. The Company's store operations are conducted by its subsidiaries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC.
ABG Guru Analysis
ABG Fundamental Analysis
KOMATSU LTD (ADR) (KMTUY) is a large-cap value stock in the Constr. & Agric. Machinery industry. The rating according to our strategy based on Benjamin Graham changed from 86% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: KOMATSU LTD. is a Japan-based company principally engaged in the research, development, sale, sales finance of products such as construction machinery. The Company operates in three business segments. Construction Machinery & Vehicle segment provides drilling machinery, loading machinery, land preparation and roadbed machinery, transport machinery, forestry machinery, underground construction machinery, underground mining machinery, environmental recycling machinery, industrial vehicles, cast products and logistics services. Retail Finance segment is engaged in the sales finance business related to construction and mining equipment. Industrial Machinery & Others segment provides forging machines, sheet metal machines, machine tools, temperature control devices, as well as defense-related ammunition and armored vehicles, among others. The Company also provides excimer lasers for other semiconductor exposure equipment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of KOMATSU LTD (ADR)
KMTUY Guru Analysis
KMTUY Fundamental Analysis
Benjamin Graham Portfolio
Top Benjamin Graham Stocks
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a mid-cap value stock in the Retail (Specialty) industry. Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. ABG Guru Analysis ABG Fundamental Analysis KOMATSU LTD (ADR) (KMTUY) is a large-cap value stock in the Constr. The following are today's upgrades for Validea's Value Investor model based on the published strategy of Benjamin Graham. | Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. ABG Guru Analysis ABG Fundamental Analysis KOMATSU LTD (ADR) (KMTUY) is a large-cap value stock in the Constr. ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a mid-cap value stock in the Retail (Specialty) industry. The Company offers a range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services, and finance and insurance (F&I) products, which includes arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) debt cancellation and prepaid maintenance. | ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a mid-cap value stock in the Retail (Specialty) industry. Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. ABG Guru Analysis ABG Fundamental Analysis KOMATSU LTD (ADR) (KMTUY) is a large-cap value stock in the Constr. The Company offers a range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services, and finance and insurance (F&I) products, which includes arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) debt cancellation and prepaid maintenance. | ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a mid-cap value stock in the Retail (Specialty) industry. Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. ABG Guru Analysis ABG Fundamental Analysis KOMATSU LTD (ADR) (KMTUY) is a large-cap value stock in the Constr. The following are today's upgrades for Validea's Value Investor model based on the published strategy of Benjamin Graham. |
28476.0 | 2023-10-31 00:00:00 UTC | JP Morgan Upgrades Asbury Automotive Group (ABG) | ABG | https://www.nasdaq.com/articles/jp-morgan-upgrades-asbury-automotive-group-abg | nan | nan | Fintel reports that on October 31, 2023, JP Morgan upgraded their outlook for Asbury Automotive Group (NYSE:ABG) from Neutral to Overweight .
Analyst Price Forecast Suggests 42.53% Upside
As of October 5, 2023, the average one-year price target for Asbury Automotive Group is 265.20. The forecasts range from a low of 166.65 to a high of $357.00. The average price target represents an increase of 42.53% from its latest reported closing price of 186.07.
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The projected annual revenue for Asbury Automotive Group is 15,819MM, an increase of 7.63%. The projected annual non-GAAP EPS is 31.74.
What is the Fund Sentiment?
There are 671 funds or institutions reporting positions in Asbury Automotive Group. This is an increase of 9 owner(s) or 1.36% in the last quarter. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 6.91%. Total shares owned by institutions decreased in the last three months by 4.55% to 25,884K shares.
The put/call ratio of ABG is 0.27, indicating a bullish outlook.
What are Other Shareholders Doing?
Abrams Capital Management holds 2,109K shares representing 10.25% ownership of the company. No change in the last quarter.
Impactive Capital holds 2,044K shares representing 9.94% ownership of the company. In it's prior filing, the firm reported owning 2,051K shares, representing a decrease of 0.30%. The firm increased its portfolio allocation in ABG by 19.15% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,510K shares representing 7.34% ownership of the company. In it's prior filing, the firm reported owning 1,612K shares, representing a decrease of 6.77%. The firm increased its portfolio allocation in ABG by 3.84% over the last quarter.
Neuberger Berman Group holds 1,439K shares representing 7.00% ownership of the company. In it's prior filing, the firm reported owning 1,456K shares, representing a decrease of 1.19%. The firm increased its portfolio allocation in ABG by 9.09% over the last quarter.
NBGNX - Neuberger Berman Genesis Fund Investor Class holds 779K shares representing 3.78% ownership of the company. In it's prior filing, the firm reported owning 789K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in ABG by 0.78% over the last quarter.
Asbury Automotive Group Background Information
(This description is provided by the company.)
Asbury Automotive Group, Inc. ("Asbury"), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. Asbury currently operates 91 dealerships, consisting of 112 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates 25 collision repair centers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on October 31, 2023, JP Morgan upgraded their outlook for Asbury Automotive Group (NYSE:ABG) from Neutral to Overweight . Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 6.91%. The put/call ratio of ABG is 0.27, indicating a bullish outlook. | Fintel reports that on October 31, 2023, JP Morgan upgraded their outlook for Asbury Automotive Group (NYSE:ABG) from Neutral to Overweight . Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 6.91%. The put/call ratio of ABG is 0.27, indicating a bullish outlook. | Fintel reports that on October 31, 2023, JP Morgan upgraded their outlook for Asbury Automotive Group (NYSE:ABG) from Neutral to Overweight . Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 6.91%. The put/call ratio of ABG is 0.27, indicating a bullish outlook. | Fintel reports that on October 31, 2023, JP Morgan upgraded their outlook for Asbury Automotive Group (NYSE:ABG) from Neutral to Overweight . Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 6.91%. The put/call ratio of ABG is 0.27, indicating a bullish outlook. |
28477.0 | 2023-10-25 00:00:00 UTC | Asbury (ABG) Q3 Earnings & Revenues Miss Estimates, Fall Y/Y | ABG | https://www.nasdaq.com/articles/asbury-abg-q3-earnings-revenues-miss-estimates-fall-y-y | nan | nan | Asbury Automotive Group ABG reported third-quarter 2023 adjusted earnings of $8.12 per share, which decreased 12% year over year and missed the Zacks Consensus Estimate of $8.44 per share on lower-than-anticipated sales across new-vehicle, finance and insurance business and parts and service business segments.
In the reported quarter, revenues amounted to $3,666.2 million, down 5% year over year. The top line also missed the Zacks Consensus Estimate of $3,722 million.
Asbury Automotive Group, Inc. Price, Consensus and EPS Surprise
Asbury Automotive Group, Inc. price-consensus-eps-surprise-chart | Asbury Automotive Group, Inc. Quote
Segment Details
In the quarter, new-vehicle revenues rose 3% year over year to $1,861.9 million, missing the Zacks Consensus Estimate of $1,897 million. Gross profit from the segment came in at $168 million, contracting 16.4% from the prior-year quarter and lagging the Zacks Consensus Estimate of $171 million.
Used-vehicle revenues slid 16% from the year-ago figure to $1,111.7 million, surpassing the Zacks Consensus Estimate of $1,097 million. Gross profit from the segment came in at $62 million, which fell 24.4% and missed the Zacks Consensus Estimate of $69 million.
Net revenues in the finance and insurance business amounted to $166.1 million, down 17% from the year-ago quarter and lagging the Zacks Consensus Estimate of $169 million. Gross profit was $152 million, declining 18.7% year over year but outpacing the Zacks Consensus Estimate of $142 million.
Revenues from the parts and service business fell 2% from the prior-year quarter to $526.5 million and missed the Zacks Consensus Estimate of $551 million. Gross profit from this segment came in at $291 million, falling 2.3% year over year and missing the Zacks Consensus Estimate of $304 million.
Other Tidbits
Adjusted selling, general & administrative (SG&A) expenses as a percentage of gross profit rose to 58.4%, marking an increase of 136 basis points year over year. Asbury sold over 11,600 vehicles, an all-time record high, through the “end-to-end” online sales platform Clicklane.
As of Sep 30, 2023, the company had cash and cash equivalents of $41.6 million, down from $235.3 million on Dec 31, 2022. It had a long-term debt of $3,222.3 million as of Sep 30, 2023, down from $3,301.2 million on Dec 31, 2022.
During the quarter under review, Asbury did not repurchase shares. On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining.
Zacks Rank & Key Picks
ABG currently carries a Zacks Rank #2 (Buy).
Some other top-ranked players in the auto space are Toyota Motor TM, Allison Transmission Holdings ALSN and Honda Motor HMC, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for TM’s 2023 sales and earnings implies year-over-year growth of 10.6% and 27.6%, respectively. The EPS estimates for 2023 and 2024 have moved up by 18 cents and 37 cents, respectively, in the past seven days.
The Zacks Consensus Estimate for ALSN’s 2023 sales and earnings indicates year-over-year rises of 9.4% and 26.8%, respectively. The EPS estimate for 2023 increased by a penny in the past seven days. The EPS estimate for 2024 increased by 32 cents in the past 30 days.
The Zacks Consensus Estimate for HMC’s 2023 sales and earnings suggests year-over-year improvements of 7.7% and 29.4%, respectively. The EPS estimates for 2023 and 2024 have moved up by 4 cents each in the past seven days.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group ABG reported third-quarter 2023 adjusted earnings of $8.12 per share, which decreased 12% year over year and missed the Zacks Consensus Estimate of $8.44 per share on lower-than-anticipated sales across new-vehicle, finance and insurance business and parts and service business segments. On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining. Zacks Rank & Key Picks ABG currently carries a Zacks Rank #2 (Buy). | Asbury Automotive Group ABG reported third-quarter 2023 adjusted earnings of $8.12 per share, which decreased 12% year over year and missed the Zacks Consensus Estimate of $8.44 per share on lower-than-anticipated sales across new-vehicle, finance and insurance business and parts and service business segments. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining. | Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group ABG reported third-quarter 2023 adjusted earnings of $8.12 per share, which decreased 12% year over year and missed the Zacks Consensus Estimate of $8.44 per share on lower-than-anticipated sales across new-vehicle, finance and insurance business and parts and service business segments. On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining. | Asbury Automotive Group ABG reported third-quarter 2023 adjusted earnings of $8.12 per share, which decreased 12% year over year and missed the Zacks Consensus Estimate of $8.44 per share on lower-than-anticipated sales across new-vehicle, finance and insurance business and parts and service business segments. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report To read this article on Zacks.com click here. On Sep 30, 2023, ABG had $250 million in share repurchase authorization remaining. |
28478.0 | 2023-10-24 00:00:00 UTC | Oversold Conditions For Asbury Automotive Group (ABG) | ABG | https://www.nasdaq.com/articles/oversold-conditions-for-asbury-automotive-group-abg | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 27.2, after changing hands as low as $183.31 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 38.8. A bullish investor could look at ABG's 27.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares:
Looking at the chart above, ABG's low point in its 52 week range is $148.575 per share, with $256.39 as the 52 week high point — that compares with a last trade of $187.00.
Find out what 9 other oversold stocks you need to know about »
Also see:
Stock MACD
Funds Holding Hess
NCR shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ABG's 27.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $148.575 per share, with $256.39 as the 52 week high point — that compares with a last trade of $187.00. In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 27.2, after changing hands as low as $183.31 per share. | A bullish investor could look at ABG's 27.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $148.575 per share, with $256.39 as the 52 week high point — that compares with a last trade of $187.00. In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 27.2, after changing hands as low as $183.31 per share. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 27.2, after changing hands as low as $183.31 per share. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $148.575 per share, with $256.39 as the 52 week high point — that compares with a last trade of $187.00. A bullish investor could look at ABG's 27.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) entered into oversold territory, hitting an RSI reading of 27.2, after changing hands as low as $183.31 per share. A bullish investor could look at ABG's 27.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABG shares: Looking at the chart above, ABG's low point in its 52 week range is $148.575 per share, with $256.39 as the 52 week high point — that compares with a last trade of $187.00. |
28479.0 | 2023-10-24 00:00:00 UTC | Compared to Estimates, Asbury Automotive (ABG) Q3 Earnings: A Look at Key Metrics | ABG | https://www.nasdaq.com/articles/compared-to-estimates-asbury-automotive-abg-q3-earnings%3A-a-look-at-key-metrics | nan | nan | For the quarter ended September 2023, Asbury Automotive Group (ABG) reported revenue of $3.67 billion, down 5.2% over the same period last year. EPS came in at $8.12, compared to $9.23 in the year-ago quarter.
The reported revenue represents a surprise of -1.51% over the Zacks Consensus Estimate of $3.72 billion. With the consensus EPS estimate being $8.44, the EPS surprise was -3.79%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Asbury Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Unit sales - New vehicle: 36,846 versus 38,501 estimated by two analysts on average.
Unit sales - Used vehicle retail: 32,117 versus the two-analyst average estimate of 31,656.
Average selling price - New vehicle: $50.53 billion compared to the $49.30 billion average estimate based on two analysts.
Average Gross profit per unit - Used vehicle retail: $1.86 billion versus $1.98 billion estimated by two analysts on average.
Unit sales - New vehicle - same store: 36,846 compared to the 30,973 average estimate based on two analysts.
Unit sales - Used vehicle retail - same store: 32,104 versus the two-analyst average estimate of 26,756.
Revenues- New vehicle: $1.86 billion versus $1.90 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change.
Revenues- Used vehicle: $1.11 billion compared to the $1.10 billion average estimate based on four analysts. The reported number represents a change of -16.5% year over year.
Revenues- Parts and service: $526.50 million versus $550.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
Revenues- Finance and insurance net: $166.10 million compared to the $169.48 million average estimate based on four analysts. The reported number represents a change of -17% year over year.
Revenues- Used vehicle- Retail: $1.02 billion versus the three-analyst average estimate of $980.46 million. The reported number represents a year-over-year change of -18.6%.
Revenues- Used vehicle- Wholesale: $94.90 million versus the three-analyst average estimate of $85.57 million. The reported number represents a year-over-year change of +17.3%.
View all Key Company Metrics for Asbury Automotive here>>>
Shares of Asbury Automotive have returned -11% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
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It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the quarter ended September 2023, Asbury Automotive Group (ABG) reported revenue of $3.67 billion, down 5.2% over the same period last year. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. | Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. For the quarter ended September 2023, Asbury Automotive Group (ABG) reported revenue of $3.67 billion, down 5.2% over the same period last year. Here is how Asbury Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Unit sales - New vehicle: 36,846 versus 38,501 estimated by two analysts on average. | For the quarter ended September 2023, Asbury Automotive Group (ABG) reported revenue of $3.67 billion, down 5.2% over the same period last year. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how Asbury Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Unit sales - New vehicle: 36,846 versus 38,501 estimated by two analysts on average. | For the quarter ended September 2023, Asbury Automotive Group (ABG) reported revenue of $3.67 billion, down 5.2% over the same period last year. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. The reported revenue represents a surprise of -1.51% over the Zacks Consensus Estimate of $3.72 billion. |
28480.0 | 2023-10-24 00:00:00 UTC | Asbury Automotive Group (ABG) Q3 Earnings and Revenues Lag Estimates | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-abg-q3-earnings-and-revenues-lag-estimates | nan | nan | Asbury Automotive Group (ABG) came out with quarterly earnings of $8.12 per share, missing the Zacks Consensus Estimate of $8.44 per share. This compares to earnings of $9.23 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.79%. A quarter ago, it was expected that this auto dealership chain would post earnings of $8.15 per share when it actually produced earnings of $8.95, delivering a surprise of 9.82%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $3.67 billion for the quarter ended September 2023, missing the Zacks Consensus Estimate by 1.51%. This compares to year-ago revenues of $3.87 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Asbury Automotive shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 9.8%.
What's Next for Asbury Automotive?
While Asbury Automotive has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Asbury Automotive: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $7.51 on $3.6 billion in revenues for the coming quarter and $33.61 on $14.65 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Whole Sales is currently in the top 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Group 1 Automotive (GPI), has yet to report results for the quarter ended September 2023. The results are expected to be released on October 25.
This auto dealer is expected to post quarterly earnings of $11.32 per share in its upcoming report, which represents a year-over-year change of -5.7%. The consensus EPS estimate for the quarter has been revised 2.4% higher over the last 30 days to the current level.
Group 1 Automotive's revenues are expected to be $4.55 billion, up 9.4% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group (ABG) came out with quarterly earnings of $8.12 per share, missing the Zacks Consensus Estimate of $8.44 per share. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. | Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group (ABG) came out with quarterly earnings of $8.12 per share, missing the Zacks Consensus Estimate of $8.44 per share. Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $3.67 billion for the quarter ended September 2023, missing the Zacks Consensus Estimate by 1.51%. | Asbury Automotive Group (ABG) came out with quarterly earnings of $8.12 per share, missing the Zacks Consensus Estimate of $8.44 per share. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $3.67 billion for the quarter ended September 2023, missing the Zacks Consensus Estimate by 1.51%. | Asbury Automotive Group (ABG) came out with quarterly earnings of $8.12 per share, missing the Zacks Consensus Estimate of $8.44 per share. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report To read this article on Zacks.com click here. While Asbury Automotive has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? |
28481.0 | 2023-10-20 00:00:00 UTC | Things to Know Ahead of Tractor Supply's (TSCO) Q3 Earnings | ABG | https://www.nasdaq.com/articles/things-to-know-ahead-of-tractor-supplys-tsco-q3-earnings | nan | nan | Tractor Supply Company TSCO is likely to register increases in the top and bottom lines when it reports third-quarter 2023 results on Oct 26, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.5 billion, indicating 6.3% growth from the prior-year reported figure.
The bottom line of the largest rural lifestyle retailer in the United States is expected to have increased year over year. However, the Zacks Consensus Estimate for earnings per share for the third quarter has moved down 0.9% to $2.27 in the past seven days. However, the figure suggests growth of 8.1% from the year-ago period’s reported figure.
Tractor Supply has a trailing four-quarter negative earnings surprise of 0.02%, on average. In the last reported quarter, this Brentwood, TN-based company’s earnings missed the Zacks Consensus Estimate by 2.1%.
Tractor Supply Company Price and EPS Surprise
Tractor Supply Company price-eps-surprise | Tractor Supply Company Quote
Key Factors to Note
Tractor Supply has been gaining from the sturdy demand for core year-round merchandise, including consumable, usable and edible products. Also, the acquisition of Orscheln Farm and Home, store openings, and comparable store sales growth bode well.
The company has been on track to build up on its Out Here lifestyle assortment and convenient shopping format to gain customers and market share. The strategy is essentially based on five key pillars, which include customers, digitization, execution, team members, and total shareholder return. TSCO’s Neighbor's Club loyalty program is also likely to have driven its sales in the to-be-reported quarter. We anticipate Tractor Supply’s comparable store sales to increase 2.8% in the third quarter.
The company has been on track with the ‘ONETractor’ strategy to connect stores and online shopping. Its omni-channel investments include curbside pickup, same-day and next-day delivery, a re-launched website, and a new mobile app. Earlier, it launched the Tractor Supply Visa Credit Card, which allows customers to earn points on their everyday purchases, both in-store and anywhere Visa is accepted. The company’s rebranding of Petsense by Tractor Supply and the expansion of its Neighbor's Club program to Petsense stores received positive customer feedback. This move will enable it to gain pet customers for both banners.
Tractor Supply has persistently been focusing on its growth initiatives, which include the expansion of its store base and the incorporation of technological advancements to induce traffic and drive the top line. The company’s Project Fusion and Side Lot model transformations have been significant investments toward stores. These store investments target achieving higher market share, and boosting productivity across the existing and new stores.
However, Tractor Supply has been reeling under muted consumer spending from cost inflation, which is likely to affect the third-quarter performance. Also, higher depreciation and amortization, and the opening of a distribution center are likely to have acted as deterrents. Our model indicates a 7.9% increase in SG&A expenses on a year-over-year basis.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Tractor Supply this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Tractor Supply has a Zacks Rank #3 and an Earnings ESP of -1.10%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Stocks Poised to Beat Earnings Estimates
Here are some companies that have the right combination of elements to post an earnings beat:
Asbury Automotive Group ABG currently has an Earnings ESP of +9.43% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
ABG is likely to register top and bottom-line declines when it reports third-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for its quarterly revenues is pegged at $3.7 billion, suggesting a 6.4% decline from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for ABG’s fiscal third-quarter earnings is pegged at $8.04, suggesting a 19.9% decline from the year-ago reported figure. The consensus estimate for earnings has declined 2% in the past 30 days. ABG has delivered an earnings beat of 7.4%, on average, in the trailing four quarters.
Lowe’s Companies LOW currently has an Earnings ESP of +0.10% and a Zacks Rank #3. The company is expected to register a top-line decline when it reports third-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for LOW’s quarterly revenues is pegged at $25 billion, which suggests a decline of 9% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Lowe’s earnings has increased 0.9% to $4.49 in the past 30 days. However, the consensus estimate for earnings suggests a decline of 3.9% from the year-ago quarter’s reported figure. LOW has delivered a bottom-line beat of 3.7%, on average, in the trailing four quarters.
Arhaus, Inc. ARHS has an Earnings ESP of +7.69% and currently sports a Zacks Rank #1. ARHS is likely to register top-line growth when it reports third-quarter fiscal 2023, while its bottom line is expected to decline year over year. The Zacks Consensus Estimate for its quarterly revenues is pegged at $325.7 million, suggesting 6.3% growth from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for ARHS’ fiscal third-quarter earnings is pegged at 26 cents, suggesting a 7.1% decline from the reported figure in the year-ago quarter. The consensus estimate for earnings has been unchanged in the past 30 days. ARHS has delivered an earnings beat of 82.4%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group ABG currently has an Earnings ESP of +9.43% and a Zacks Rank #2. ABG is likely to register top and bottom-line declines when it reports third-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for ABG’s fiscal third-quarter earnings is pegged at $8.04, suggesting a 19.9% decline from the year-ago reported figure. | Click to get this free report Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report Tractor Supply Company (TSCO) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Arhaus, Inc. (ARHS) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group ABG currently has an Earnings ESP of +9.43% and a Zacks Rank #2. ABG is likely to register top and bottom-line declines when it reports third-quarter fiscal 2023 numbers. | Click to get this free report Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report Tractor Supply Company (TSCO) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Arhaus, Inc. (ARHS) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group ABG currently has an Earnings ESP of +9.43% and a Zacks Rank #2. ABG is likely to register top and bottom-line declines when it reports third-quarter fiscal 2023 numbers. | Asbury Automotive Group ABG currently has an Earnings ESP of +9.43% and a Zacks Rank #2. ABG is likely to register top and bottom-line declines when it reports third-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for ABG’s fiscal third-quarter earnings is pegged at $8.04, suggesting a 19.9% decline from the year-ago reported figure. |
28482.0 | 2023-10-17 00:00:00 UTC | Asbury Automotive Group (ABG) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release | ABG | https://www.nasdaq.com/articles/asbury-automotive-group-abg-expected-to-beat-earnings-estimates%3A-what-to-know-ahead-of-q3 | nan | nan | Wall Street expects a year-over-year decline in earnings on lower revenues when Asbury Automotive Group (ABG) reports results for the quarter ended September 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 24. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This auto dealership chain is expected to post quarterly earnings of $8.53 per share in its upcoming report, which represents a year-over-year change of -7.6%.
Revenues are expected to be $3.68 billion, down 4.8% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.82% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Asbury Automotive?
For Asbury Automotive, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.23%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Asbury Automotive will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Asbury Automotive would post earnings of $8.15 per share when it actually produced earnings of $8.95, delivering a surprise of +9.82%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Asbury Automotive appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Wall Street expects a year-over-year decline in earnings on lower revenues when Asbury Automotive Group (ABG) reports results for the quarter ended September 2023. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. | Wall Street expects a year-over-year decline in earnings on lower revenues when Asbury Automotive Group (ABG) reports results for the quarter ended September 2023. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Wall Street expects a year-over-year decline in earnings on lower revenues when Asbury Automotive Group (ABG) reports results for the quarter ended September 2023. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Wall Street expects a year-over-year decline in earnings on lower revenues when Asbury Automotive Group (ABG) reports results for the quarter ended September 2023. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 24. |
28483.0 | 2023-10-16 00:00:00 UTC | Will Asbury Automotive (ABG) Beat Estimates Again in Its Next Earnings Report? | ABG | https://www.nasdaq.com/articles/will-asbury-automotive-abg-beat-estimates-again-in-its-next-earnings-report-1 | nan | nan | If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Asbury Automotive Group (ABG). This company, which is in the Zacks Automotive - Retail and Whole Sales industry, shows potential for another earnings beat.
When looking at the last two reports, this auto dealership chain has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.62%, on average, in the last two quarters.
For the most recent quarter, Asbury Automotive was expected to post earnings of $8.15 per share, but it reported $8.95 per share instead, representing a surprise of 9.82%. For the previous quarter, the consensus estimate was $7.94 per share, while it actually produced $8.37 per share, a surprise of 5.42%.
For Asbury Automotive, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Asbury Automotive has an Earnings ESP of +0.28% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on October 24, 2023.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Asbury Automotive Group (ABG). Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. | Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Asbury Automotive Group (ABG). And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. | If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Asbury Automotive Group (ABG). Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. | If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Asbury Automotive Group (ABG). Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. |
28484.0 | 2023-10-12 00:00:00 UTC | JP Morgan Maintains Asbury Automotive Group (ABG) Neutral Recommendation | ABG | https://www.nasdaq.com/articles/jp-morgan-maintains-asbury-automotive-group-abg-neutral-recommendation | nan | nan | Fintel reports that on October 12, 2023, JP Morgan maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Neutral recommendation.
Analyst Price Forecast Suggests 21.61% Upside
As of October 5, 2023, the average one-year price target for Asbury Automotive Group is 265.20. The forecasts range from a low of 166.65 to a high of $357.00. The average price target represents an increase of 21.61% from its latest reported closing price of 218.07.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Asbury Automotive Group is 15,819MM, an increase of 6.19%. The projected annual non-GAAP EPS is 31.74.
What is the Fund Sentiment?
There are 665 funds or institutions reporting positions in Asbury Automotive Group. This is an increase of 6 owner(s) or 0.91% in the last quarter. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 7.98%. Total shares owned by institutions decreased in the last three months by 5.08% to 25,934K shares.
The put/call ratio of ABG is 0.45, indicating a bullish outlook.
What are Other Shareholders Doing?
Abrams Capital Management holds 2,109K shares representing 10.25% ownership of the company. No change in the last quarter.
Impactive Capital holds 2,044K shares representing 9.94% ownership of the company. In it's prior filing, the firm reported owning 2,051K shares, representing a decrease of 0.30%. The firm increased its portfolio allocation in ABG by 19.15% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,510K shares representing 7.34% ownership of the company. In it's prior filing, the firm reported owning 1,612K shares, representing a decrease of 6.77%. The firm increased its portfolio allocation in ABG by 3.84% over the last quarter.
Neuberger Berman Group holds 1,439K shares representing 7.00% ownership of the company. In it's prior filing, the firm reported owning 1,456K shares, representing a decrease of 1.19%. The firm increased its portfolio allocation in ABG by 9.09% over the last quarter.
NBGNX - Neuberger Berman Genesis Fund Investor Class holds 789K shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 822K shares, representing a decrease of 4.19%. The firm decreased its portfolio allocation in ABG by 3.22% over the last quarter.
Asbury Automotive Group Background Information
(This description is provided by the company.)
Asbury Automotive Group, Inc. ("Asbury"), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. Asbury currently operates 91 dealerships, consisting of 112 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates 25 collision repair centers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on October 12, 2023, JP Morgan maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Neutral recommendation. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 7.98%. The put/call ratio of ABG is 0.45, indicating a bullish outlook. | Fintel reports that on October 12, 2023, JP Morgan maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Neutral recommendation. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 7.98%. The put/call ratio of ABG is 0.45, indicating a bullish outlook. | Fintel reports that on October 12, 2023, JP Morgan maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Neutral recommendation. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 7.98%. The put/call ratio of ABG is 0.45, indicating a bullish outlook. | Fintel reports that on October 12, 2023, JP Morgan maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Neutral recommendation. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 7.98%. The put/call ratio of ABG is 0.45, indicating a bullish outlook. |
28485.0 | 2023-10-10 00:00:00 UTC | Should Value Investors Buy Asbury Automotive Group (ABG) Stock? | ABG | https://www.nasdaq.com/articles/should-value-investors-buy-asbury-automotive-group-abg-stock-1 | nan | nan | The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Asbury Automotive Group (ABG). ABG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
We also note that ABG holds a PEG ratio of 0.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ABG's industry has an average PEG of 0.53 right now. ABG's PEG has been as high as 0.45 and as low as 0.23, with a median of 0.37, all within the past year.
Investors should also recognize that ABG has a P/B ratio of 1.41. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. ABG's current P/B looks attractive when compared to its industry's average P/B of 2.27. Over the past 12 months, ABG's P/B has been as high as 1.85 and as low as 1.18, with a median of 1.49.
Finally, investors will want to recognize that ABG has a P/CF ratio of 4.33. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. ABG's current P/CF looks attractive when compared to its industry's average P/CF of 7.10. Over the past 52 weeks, ABG's P/CF has been as high as 5.15 and as low as 3.56, with a median of 4.51.
Investors could also keep in mind Lithia Motors (LAD), an Automotive - Retail and Whole Sales stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Lithia Motors is trading at a forward earnings multiple of 6.88 at the moment, with a PEG ratio of 2.29. This compares to its industry's average P/E of 6.35 and average PEG ratio of 0.53.
Over the last 12 months, LAD's P/E has been as high as 9.22, as low as 4.20, with a median of 6.63, and its PEG ratio has been as high as 7.27, as low as 0.83, with a median of 2.03.
Additionally, Lithia Motors has a P/B ratio of 1.27 while its industry's price-to-book ratio sits at 2.27. For LAD, this valuation metric has been as high as 1.55, as low as 1, with a median of 1.26 over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Asbury Automotive Group and Lithia Motors are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ABG and LAD feels like a great value stock at the moment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock to keep an eye on is Asbury Automotive Group (ABG). ABG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. We also note that ABG holds a PEG ratio of 0.36. | One stock to keep an eye on is Asbury Automotive Group (ABG). Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Lithia Motors, Inc. (LAD) : Free Stock Analysis Report To read this article on Zacks.com click here. ABG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. | Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Lithia Motors, Inc. (LAD) : Free Stock Analysis Report To read this article on Zacks.com click here. One stock to keep an eye on is Asbury Automotive Group (ABG). ABG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. | One stock to keep an eye on is Asbury Automotive Group (ABG). ABG is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. We also note that ABG holds a PEG ratio of 0.36. |
28486.0 | 2023-10-05 00:00:00 UTC | Is Asbury Automotive Group (ABG) Stock Outpacing Its Retail-Wholesale Peers This Year? | ABG | https://www.nasdaq.com/articles/is-asbury-automotive-group-abg-stock-outpacing-its-retail-wholesale-peers-this-year-2 | nan | nan | The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Asbury Automotive Group (ABG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Asbury Automotive Group is a member of our Retail-Wholesale group, which includes 221 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Asbury Automotive Group is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ABG's full-year earnings has moved 6.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ABG has returned 19.6% so far this year. In comparison, Retail-Wholesale companies have returned an average of 11.2%. This means that Asbury Automotive Group is performing better than its sector in terms of year-to-date returns.
Another stock in the Retail-Wholesale sector, Builders FirstSource (BLDR), has outperformed the sector so far this year. The stock's year-to-date return is 85.2%.
In Builders FirstSource's case, the consensus EPS estimate for the current year increased 33.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Asbury Automotive Group belongs to the Automotive - Retail and Whole Sales industry, which includes 9 individual stocks and currently sits at #15 in the Zacks Industry Rank. This group has gained an average of 27% so far this year, so ABG is slightly underperforming its industry in this area.
Builders FirstSource, however, belongs to the Building Products - Retail industry. Currently, this 8-stock industry is ranked #79. The industry has moved +0.4% so far this year.
Investors with an interest in Retail-Wholesale stocks should continue to track Asbury Automotive Group and Builders FirstSource. These stocks will be looking to continue their solid performance.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group (ABG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for ABG's full-year earnings has moved 6.4% higher. Based on the most recent data, ABG has returned 19.6% so far this year. | Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group (ABG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for ABG's full-year earnings has moved 6.4% higher. | Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group (ABG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for ABG's full-year earnings has moved 6.4% higher. | Asbury Automotive Group (ABG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for ABG's full-year earnings has moved 6.4% higher. Based on the most recent data, ABG has returned 19.6% so far this year. |
28487.0 | 2023-10-04 00:00:00 UTC | Lithia (LAD) Sweetens Bid in Heated Pendragon Buyout Battle | ABG | https://www.nasdaq.com/articles/lithia-lad-sweetens-bid-in-heated-pendragon-buyout-battle | nan | nan | The bidding war for the acquisition of Pendragon, UK’s third-largest automotive dealership group, escalated a notch higher when Lithia Motors LAD recently announced a 42% increase in its initial acquisition offer for Pendragon. The increased bid was in response to rival propositions from AutoNation AN and a joint bid from Hedin Mobility Group and Penske Automotive Group PAG.
On Sep 18, Pendragon had struck an agreement to sell its UK motor and vehicle management division to Lithia. The deal stoked the interest of other U.S. retail magnates, enticed by the prospect of capturing a robust footprint in UK's lucrative auto retail market. AutoNation, a significant player in retailing new and pre-owned vehicles in the United States, stepped onto the battlefield last week with a cash proposal of £447 million, translating to 32 pence per share. This move came shortly after Pendragon’s leading shareholder, Hedin Mobility Group, partnered with U.S.-based retailer Penske, sweetened its bid to 32 pence per share, after the prior bid of 28 pence per share was rejected by Pendragon.
In light of intensified competition for Pendragon's acquisition, Lithia has upped its bidding offer. The revised bid from Lithia now totals £397 million, valuing each share for existing Pendragon shareholders at around 35.4 pence. This revision is anticipated to augment the cash dividend payable to Pendragon's shareholders by 49% to 24.5 pence per share, while allowing them to retain roughly 83.3% ownership in Pinewood Tech. Besides, this acquisition paves the way for a rewarding joint venture to proliferate Pinewood's software into the North American market.
A key cornerstone of this revised offer revolves around the preliminary commitments Lithia secured from several prominent automotive retailers. These commitments entail the adoption and integration of Pinewood's dealer management systems throughout their various outlets. This agreement, which hinges on the successful completion of the Lithia transaction, signifies a rapidly expanding user base, with the addition of approximately 7,500 users. This represents 30% growth compared to Pinewood's user base as of December 2022. When coupled with Lithia's existing commitment of 2,500 users in the UK, this development is viewed as a significant step toward reaching nearly half of Pinewood's fiscal 2027 target.
The deal is expected to be funded with Lithia's existing on-balance sheet capacity, pending approval from Pendragon shareholders. If the deal goes through, it would broaden Lithia’s horizon and diversify its business operations by establishing a formidable presence in the UK market
Currently, the revised offer from Lithia has overshadowed the 32 pence per share bid from both the Penske/Hedin alliance and AutoNation, setting the stage for a three-pronged tussle. Each contender, AutoNation, Hedin Mobility Group allied with Penske Automotive, and Lithia, is pulling out all stops to claim the helm of the UK's third largest automotive dealership group. As the bidding war gathers momentum, it remains to be seen whether PAG and AN will counter Lithia's augmented offer to stay in the competition.
Zacks Rank & Other Key Pick
Lithia currently carries a Zacks Rank #2 (Buy). A top-ranked player in the same industry is Asbury Automotive ABG, which currently sports a Zacks Rank #1 (Strong Buy).
Asbury’s diversified product mix and multiple streams of income reduce its risk profile and position it for top-line growth. Strategic buyouts are helping the auto retailer increase its market share and boost its portfolio. Its ambitious plan to generate $32 billion in revenues by 2025 instills optimism. The company’s end-to-end e-commerce platform, Clicklane, is also set to buoy prospects. Asbury's commitment to increasing shareholder value is also encouraging.
The Zacks Consensus Estimate for ABG’s 2023 and 2024 EPS has moved north by 67 cents and $1.37, respectively, in the past 60 days. The company surpassed earnings estimates in the last four quarters, the average being 6.62%.
You can see the complete list of today’s Zacks #1 Rank stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A top-ranked player in the same industry is Asbury Automotive ABG, which currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for ABG’s 2023 and 2024 EPS has moved north by 67 cents and $1.37, respectively, in the past 60 days. Click to get this free report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Lithia Motors, Inc. (LAD) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Lithia Motors, Inc. (LAD) : Free Stock Analysis Report To read this article on Zacks.com click here. A top-ranked player in the same industry is Asbury Automotive ABG, which currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for ABG’s 2023 and 2024 EPS has moved north by 67 cents and $1.37, respectively, in the past 60 days. | Click to get this free report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Lithia Motors, Inc. (LAD) : Free Stock Analysis Report To read this article on Zacks.com click here. A top-ranked player in the same industry is Asbury Automotive ABG, which currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for ABG’s 2023 and 2024 EPS has moved north by 67 cents and $1.37, respectively, in the past 60 days. | A top-ranked player in the same industry is Asbury Automotive ABG, which currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for ABG’s 2023 and 2024 EPS has moved north by 67 cents and $1.37, respectively, in the past 60 days. Click to get this free report Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Lithia Motors, Inc. (LAD) : Free Stock Analysis Report To read this article on Zacks.com click here. |
28488.0 | 2023-10-03 00:00:00 UTC | ABG Makes Notable Cross Below Critical Moving Average | ABG | https://www.nasdaq.com/articles/abg-makes-notable-cross-below-critical-moving-average | nan | nan | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $214.09, changing hands as low as $213.84 per share. Asbury Automotive Group Inc shares are currently trading down about 2% on the day. The chart below shows the one year performance of ABG shares, versus its 200 day moving average:
Looking at the chart above, ABG's low point in its 52 week range is $138.88 per share, with $256.39 as the 52 week high point — that compares with a last trade of $214.69.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
Also see:
Warren Buffett Stock Picks
TWOA YTD Return
CAKE Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $214.09, changing hands as low as $213.84 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $138.88 per share, with $256.39 as the 52 week high point — that compares with a last trade of $214.69. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: Warren Buffett Stock Picks TWOA YTD Return CAKE Average Annual Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $214.09, changing hands as low as $213.84 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $138.88 per share, with $256.39 as the 52 week high point — that compares with a last trade of $214.69. Asbury Automotive Group Inc shares are currently trading down about 2% on the day. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $214.09, changing hands as low as $213.84 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $138.88 per share, with $256.39 as the 52 week high point — that compares with a last trade of $214.69. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: Warren Buffett Stock Picks TWOA YTD Return CAKE Average Annual Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Asbury Automotive Group Inc (Symbol: ABG) crossed below their 200 day moving average of $214.09, changing hands as low as $213.84 per share. The chart below shows the one year performance of ABG shares, versus its 200 day moving average: Looking at the chart above, ABG's low point in its 52 week range is $138.88 per share, with $256.39 as the 52 week high point — that compares with a last trade of $214.69. Asbury Automotive Group Inc shares are currently trading down about 2% on the day. |
28489.0 | 2023-09-11 00:00:00 UTC | Auto Roundup: ABG's $1.2B Buyout Deal, MGA's Revised 2025 View & More | ABG | https://www.nasdaq.com/articles/auto-roundup%3A-abgs-%241.2b-buyout-deal-mgas-revised-2025-view-more | nan | nan | Last week, the China Passenger Car Association released vehicle sales data. China's passenger vehicle sales rebounded on a year-over-year basis in August, driven by increased discounts and tax incentives for eco-friendly vehicles. Despite a sluggish economic backdrop, consumer sentiment surged, resulting in 2.2% year-over-year growth in car sales, reaching 1.94 million units. This marks the first year-over-year increase since May, with a notable 8.5% rise from July. In the eight months of the year, total sales reached 13.38 million units, reflecting a 1.8% increase.
As we know, Detroit 3 automakers — General Motors, Ford and Stellantis — face a strike threat if they don't reach an agreement with the United Auto Workers (“UAW”) before the current four-year contract expires at midnight on Sep 14, 2023. The UAW is determined to negotiate better terms, conditions and benefits for its members this year. To this end, Ford presented a contract offer to the UAW last to last week after the union called Detroit Three automakers to come up with counterproposals. However, Ford’s proposal fell short of UAW’s expectations. Last week, General Motors came up with a counterproposal, offering a wage hike of 10% to roughly 46,000 of its UAW-represented workers. However, Shawn Fain, the president of the UAW, called the offer “insulting.”
On the news front, Asbury Automotive ABG is set to acquire Jim Koons Automotive Companies, marking the largest auto retail acquisition since 2021. Cummins CMI, PACCAR PCAR and Daimler announced a collaboration for battery cell production in the United States. Magna MGA unveiled its Gen5 front camera module system and also lifted its 2025 sales view. Allison Transmission ALSN received a $13 million contract from the U.S. Army for the production of the M10 Booker Combat Vehicle.
ALSN sports a Zacks Rank #1 (Strong Buy). PCAR carries a Zacks Rank #2 (Buy), while ABG, MGA and CMI are currently Zacks #3 Ranked (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Last Week’s Top Stories
Asbury inked a deal to acquire Jim Koons for around $1.2 billion. This significant deal includes 20 dealerships, 29 franchises, six collision centers and one of the highest-volume Toyota and Stellantis dealerships in the United States, with more than $3 billion in revenues in 2022. Subject to satisfactory closing conditions, the acquisition is expected to close in late 2023 or early 2024 and will be funded through Asbury's cash reserves, credit facility and existing liquidity. The auto retailer sees this acquisition as transformative, allowing it to expand into a rapidly growing Mid-Atlantic region.
This buyout is a testament to the strength of the U.S. auto retail market in 2023. Asbury's president and CEO, David Hult, expressed confidence in the profitability of Koons dealerships and emphasized the shared values of both companies in prioritizing people, employees and the community. This acquisition represents a significant step forward for Asbury, solidifying its position as a major player in the U.S. automotive retail landscape.
Magna unveiled its Gen5 front camera module system during the IAA Mobility 2023 event. Designed for a European original equipment manufacturer, this one-box camera module boasts an impressive 120-degree horizontal and 48-degree vertical field of view. The production of the same is set to commence in late September 2023. It can perceive obstacles up to 160 meters ahead and detect side objects like traffic lights, emergency vehicles and merging cars. With eight megapixels, a 36-frames-per-second frame rate and color imaging, the system can also fuse data from up to five radars. Notable features include Trained Park Assist, Environmental Condition Recognition, Monocular Scene Reconstruction and Hazard Detection, emphasizing road safety and driver assistance.
Magna also updated its 2025 outlook to take into account the benefits of the Veoneer Active Safety buyout. It now expects full-year sales in the band of $46.7-$49.2 billion, up from the prior guidance of $44.7-$47.2 billion, due to the upward revision of the sales forecast of the Power & Vision segment. Revenues from the segment are projected in the $16.8-$17.4 billion range, up from the previous forecast of $14.8-$15.4 billion. Sales expectations from the Body Exteriors & Structures, Seating Systems and Complete Vehicles units remain unchanged in the band of $20-$21 billion, $6.2-$6.6 billion and $4-$4.5 billion, respectively. The adjusted EBIT margin is envisioned at 6.7-7.8%, same as the prior guidance.
Allison was awarded a contract for the second phase of the U.S. Army’s Low-Rate Initial Production. The contract is worth nearly $13 million and is for producing the M10 Booker Combat Vehicle, formerly known as Mobile Protected Firepower. The M10 Booker, a modernization initiative by the U.S. Army, seeks to strengthen the combat power of the Army’s Infantry Brigade Combat Teams. The vehicle has reached the second phase of low-rate production with Allison’s 3040 MX cross-drive transmission.
Allison has a knack for providing its customers with propulsion solutions required for armored combat vehicles. The U.S. Army is likely to buy 500 MPF vehicles by 2035, contributing approximately $250 million in revenues for Allison’s Defense end market. The 3040 MX transmission is one of the many cross-drive propulsion solutions from Allison. The variants of the X200 Series, X1100 Series, 2000 SP Series, 3000 SP Series, 4000 SP Series and the new eGen Force are additional defense product offerings by Allison that are applied throughout the organization.
Cummins, PACCAR and Daimler have formed a joint venture (JV) to accelerate and localize battery cell production and the battery supply chain in the United States. Through this JV, the companies plan to manufacture battery cells for electric commercial vehicles and industrial applications. For the 21-gigawatt-hour factory, total investment is estimated to be in the range of $2 billion to $3 billion. Each of the three companies will own 30% of the JV. The initial focus of the JV will be the lithium-iron-phosphate (LFP) battery technology family for commercial battery-electric trucks.
Cummins, PACCAR and Daimler expect the demand for battery technology to boom this decade, and a state-of-the-art dedicated battery cell factory is expected to benefit U.S. customers. EVE Energy, a Chinese battery cell manufacturer, will hold a 10% stake in the JV and serve as a technology partner. The joint venture not only advances critical technology solutions but also accelerates the U.S. energy transition. It seeks to localize top-quality battery production to support customer operational and environmental objectives. This collaboration aligns Cummins, PACCAR and Daimler with the Paris Climate Agreement, reducing carbon emissions.
Price Performance
The following table shows the price movement of some of the major auto players over the last week and the six-month period.
Image Source: Zacks Investment Research
What's Next in the Auto Space?
Stay tuned for updates on the UAW-Detroit 3 contract talks and the looming strike. Investors will keep track of the quarterly release of Copart, scheduled for Sep 14.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, Shawn Fain, the president of the UAW, called the offer “insulting.” On the news front, Asbury Automotive ABG is set to acquire Jim Koons Automotive Companies, marking the largest auto retail acquisition since 2021. PCAR carries a Zacks Rank #2 (Buy), while ABG, MGA and CMI are currently Zacks #3 Ranked (Hold). Click to get this free report Cummins Inc. (CMI) : Free Stock Analysis Report PACCAR Inc. (PCAR) : Free Stock Analysis Report Magna International Inc. (MGA) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report To read this article on Zacks.com click here. | However, Shawn Fain, the president of the UAW, called the offer “insulting.” On the news front, Asbury Automotive ABG is set to acquire Jim Koons Automotive Companies, marking the largest auto retail acquisition since 2021. Click to get this free report Cummins Inc. (CMI) : Free Stock Analysis Report PACCAR Inc. (PCAR) : Free Stock Analysis Report Magna International Inc. (MGA) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report To read this article on Zacks.com click here. PCAR carries a Zacks Rank #2 (Buy), while ABG, MGA and CMI are currently Zacks #3 Ranked (Hold). | However, Shawn Fain, the president of the UAW, called the offer “insulting.” On the news front, Asbury Automotive ABG is set to acquire Jim Koons Automotive Companies, marking the largest auto retail acquisition since 2021. Click to get this free report Cummins Inc. (CMI) : Free Stock Analysis Report PACCAR Inc. (PCAR) : Free Stock Analysis Report Magna International Inc. (MGA) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report To read this article on Zacks.com click here. PCAR carries a Zacks Rank #2 (Buy), while ABG, MGA and CMI are currently Zacks #3 Ranked (Hold). | However, Shawn Fain, the president of the UAW, called the offer “insulting.” On the news front, Asbury Automotive ABG is set to acquire Jim Koons Automotive Companies, marking the largest auto retail acquisition since 2021. PCAR carries a Zacks Rank #2 (Buy), while ABG, MGA and CMI are currently Zacks #3 Ranked (Hold). Click to get this free report Cummins Inc. (CMI) : Free Stock Analysis Report PACCAR Inc. (PCAR) : Free Stock Analysis Report Magna International Inc. (MGA) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report To read this article on Zacks.com click here. |
28490.0 | 2023-09-11 00:00:00 UTC | Asbury (ABG) to Buy Jim Koons to Expand in Mid-Atlantic Region | ABG | https://www.nasdaq.com/articles/asbury-abg-to-buy-jim-koons-to-expand-in-mid-atlantic-region | nan | nan | Asbury Automotive Group, Inc. ABG signed a contract to acquire Jim Koons Automotive Companies, one of the 10 largest privately owned dealership groups in the United States. The deal is valued at $1.2 billion and Asbury plans to fund the acquisition with its existing liquidity, credit facility and cash on hand. Jim Koons currently has 20 dealerships, 29 franchises and six collision centers in the United States and registered total sales of nearly $3 billion in 2022. It is also one of the highest-volume Toyota and Stellantis dealerships in the United States.
Asbury currently has 138 dealerships and 32 collision repair centers. Kerrigan Advisors represented Koons in the transaction. The transaction is expected to be completed by the fourth quarter of 2023 or the first quarter of 2024.
Jim Koons was founded in 1973. It comprises top-volume franchises, including Toyota, Lexus, Mercedes-Benz, Ford, Kia, Hyundai, Volvo, Stellantis and General Motors.
David Hult, president and CEO of Asbury, said that the acquisition will enable Asbury to expand into one of the U.S.’s top economies. Koons holds an exceptional track record in sales, CSI and revenues across its 20 dealerships. Hult added that Asbury expects Koons dealership’s profitability to be in line with that of Asbury’s.
Asbury witnessed massive revenue growth from 2017 to 2022. In this period, sales jumped from $6.5 billion to $15.4 billion.
Strategic buyouts are helping the auto retailer increase its market share and boost its portfolio. Asbury’s ambitious plan to generate $32 billion in revenues by 2025 instills optimism.
Zacks Rank & Key Picks
ABG currently carries a Zacks Rank #3 (Hold).
Some top-ranked players in the auto space include Oshkosh Corporation OSK, Gentex Corporation GNTX and Allison Transmission Holdings, Inc. ALSN, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for OSK’s 2023 sales and earnings implies year-over-year growth of 15% and 126.9%, respectively. The EPS estimate for 2023 and 2024 has moved north by 23 cents and 18 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for GNTX’s 2023 sales and earnings indicates year-over-year rises of 17.3% and 29.4%, respectively. The EPS estimate for 2023 and 2024 has moved up by 2 cents and 3 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for ALSN’s 2023 sales and earnings suggests year-over-year increases of 9.4% and 25.3%, respectively. The EPS estimate for 2023 and 2024 has moved up by 7 cents and 8 cents, respectively, in the past 30 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report
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Oshkosh Corporation (OSK) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group, Inc. ABG signed a contract to acquire Jim Koons Automotive Companies, one of the 10 largest privately owned dealership groups in the United States. Zacks Rank & Key Picks ABG currently carries a Zacks Rank #3 (Hold). Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report Oshkosh Corporation (OSK) : Free Stock Analysis Report Gentex Corporation (GNTX) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report Oshkosh Corporation (OSK) : Free Stock Analysis Report Gentex Corporation (GNTX) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group, Inc. ABG signed a contract to acquire Jim Koons Automotive Companies, one of the 10 largest privately owned dealership groups in the United States. Zacks Rank & Key Picks ABG currently carries a Zacks Rank #3 (Hold). | Asbury Automotive Group, Inc. ABG signed a contract to acquire Jim Koons Automotive Companies, one of the 10 largest privately owned dealership groups in the United States. Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report Oshkosh Corporation (OSK) : Free Stock Analysis Report Gentex Corporation (GNTX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Rank & Key Picks ABG currently carries a Zacks Rank #3 (Hold). | Asbury Automotive Group, Inc. ABG signed a contract to acquire Jim Koons Automotive Companies, one of the 10 largest privately owned dealership groups in the United States. Zacks Rank & Key Picks ABG currently carries a Zacks Rank #3 (Hold). Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report Oshkosh Corporation (OSK) : Free Stock Analysis Report Gentex Corporation (GNTX) : Free Stock Analysis Report To read this article on Zacks.com click here. |
28491.0 | 2023-09-08 00:00:00 UTC | Asbury Automotive to acquire Jim Koons for about $1.2 bln | ABG | https://www.nasdaq.com/articles/asbury-automotive-to-acquire-jim-koons-for-about-%241.2-bln-0 | nan | nan | Adds details from release throughout
Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion.
Jim Koons has 20 dealerships and 29 franchises in the United States and posted over $3 billion in revenue in 2022.
Asbury, which plans to fund the purchase with its existing finances, said the deal value includes $740 million for goodwill and about $417 million for real estate and leasehold improvements.
The transaction is expected to close in the fourth quarter or early in the first quarter next year.
(Reporting by Aishwarya Jain; Editing by Savio D'Souza)
((Aishwarya.Jain@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Adds details from release throughout Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion. Jim Koons has 20 dealerships and 29 franchises in the United States and posted over $3 billion in revenue in 2022. (Reporting by Aishwarya Jain; Editing by Savio D'Souza) ((Aishwarya.Jain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Adds details from release throughout Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion. Jim Koons has 20 dealerships and 29 franchises in the United States and posted over $3 billion in revenue in 2022. (Reporting by Aishwarya Jain; Editing by Savio D'Souza) ((Aishwarya.Jain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Adds details from release throughout Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion. The transaction is expected to close in the fourth quarter or early in the first quarter next year. (Reporting by Aishwarya Jain; Editing by Savio D'Souza) ((Aishwarya.Jain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Adds details from release throughout Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion. Jim Koons has 20 dealerships and 29 franchises in the United States and posted over $3 billion in revenue in 2022. Asbury, which plans to fund the purchase with its existing finances, said the deal value includes $740 million for goodwill and about $417 million for real estate and leasehold improvements. |
28492.0 | 2023-09-08 00:00:00 UTC | Asbury Automotive to acquire Jim Koons for about $1.2 bln | ABG | https://www.nasdaq.com/articles/asbury-automotive-to-acquire-jim-koons-for-about-%241.2-bln | nan | nan | Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion.
(Reporting by Aishwarya Jain; Editing by Savio D'Souza)
((Aishwarya.Jain@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion. (Reporting by Aishwarya Jain; Editing by Savio D'Souza) ((Aishwarya.Jain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion. (Reporting by Aishwarya Jain; Editing by Savio D'Souza) ((Aishwarya.Jain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion. (Reporting by Aishwarya Jain; Editing by Savio D'Souza) ((Aishwarya.Jain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Sept 8 (Reuters) - U.S. auto-dealer Asbury Automotive Group ABG.N said on Friday that it would acquire Jim Koons automotive dealerships group for about $1.2 billion. (Reporting by Aishwarya Jain; Editing by Savio D'Souza) ((Aishwarya.Jain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
28493.0 | 2023-09-08 00:00:00 UTC | Asbury Automotive To Buy Jim Koons Automotive; Terms Not Disclosed | ABG | https://www.nasdaq.com/articles/asbury-automotive-to-buy-jim-koons-automotive-terms-not-disclosed | nan | nan | (RTTNews) - Asbury Automotive Group, Inc. (ABG), an automotive retailer, Friday said it has signed a definitive agreement to acquire Jim Koons Automotive Companies, a privately-owned dealership group in the U.S. The financial terms of the deal were not disclosed.
The acquisition is expected to close in the fourth quarter of 2023 or early in the first quarter of 2024, subject to customary closing conditions.
Asbury said it plans to fund the purchase price with its existing liquidity, credit facility and cash on hand.
Kerrigan Advisors was the exclusive sell-side advisor on the deal, representing Koons.
Jim Koons Automotive includes 20 dealerships, 29 franchises, and six collision centers. The company is comprised of top volume franchises including Toyota, Lexus, Mercedes-Benz, Ford, Kia, Hyundai, Volvo, Stellantis and General Motors. It recorded over $3 billion in revenue in 2022.
Asbury currently operates 138 dealerships, representing 31 domestic and foreign brands, as well as 32 collision repair centers.
David Hult, Asbury's President and Chief Executive Officer, said, "This acquisition is transformative for our company, enabling Asbury to further expand into one of the country's top economies in one of its fastest growing regions, with some of the U.S.' best performing dealerships. ….We expect the Koons dealerships' profitability to be generally in line with the profitability of Asbury's dealerships."
In the deal, Stephen Dietrich and Brooke Sizer of Holland & Knight served as legal counsel to Koons, while Jones Day and Hill Ward Henderson served as legal counsel to Asbury.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Asbury Automotive Group, Inc. (ABG), an automotive retailer, Friday said it has signed a definitive agreement to acquire Jim Koons Automotive Companies, a privately-owned dealership group in the U.S. Asbury said it plans to fund the purchase price with its existing liquidity, credit facility and cash on hand. The company is comprised of top volume franchises including Toyota, Lexus, Mercedes-Benz, Ford, Kia, Hyundai, Volvo, Stellantis and General Motors. | (RTTNews) - Asbury Automotive Group, Inc. (ABG), an automotive retailer, Friday said it has signed a definitive agreement to acquire Jim Koons Automotive Companies, a privately-owned dealership group in the U.S. Jim Koons Automotive includes 20 dealerships, 29 franchises, and six collision centers. ….We expect the Koons dealerships' profitability to be generally in line with the profitability of Asbury's dealerships." | (RTTNews) - Asbury Automotive Group, Inc. (ABG), an automotive retailer, Friday said it has signed a definitive agreement to acquire Jim Koons Automotive Companies, a privately-owned dealership group in the U.S. David Hult, Asbury's President and Chief Executive Officer, said, "This acquisition is transformative for our company, enabling Asbury to further expand into one of the country's top economies in one of its fastest growing regions, with some of the U.S.' best performing dealerships. ….We expect the Koons dealerships' profitability to be generally in line with the profitability of Asbury's dealerships." | (RTTNews) - Asbury Automotive Group, Inc. (ABG), an automotive retailer, Friday said it has signed a definitive agreement to acquire Jim Koons Automotive Companies, a privately-owned dealership group in the U.S. The financial terms of the deal were not disclosed. The acquisition is expected to close in the fourth quarter of 2023 or early in the first quarter of 2024, subject to customary closing conditions. |
28494.0 | 2023-08-24 00:00:00 UTC | Why Is Asbury Automotive (ABG) Up 0.2% Since Last Earnings Report? | ABG | https://www.nasdaq.com/articles/why-is-asbury-automotive-abg-up-0.2-since-last-earnings-report | nan | nan | A month has gone by since the last earnings report for Asbury Automotive Group (ABG). Shares have added about 0.2% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Asbury Automotive due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Asbury's Q2 Earnings Beat Estimates But Fall Y/Y
Asbury reported second-quarter 2023 adjusted earnings of $8.95 per share, which decreased 10.9% year over year. Earnings, however, topped the Zacks Consensus Estimate of $8.15 per share. In the reported quarter, revenues amounted to $3,742.5 million, down 5% year over year. The top line, however, surpassed the Zacks Consensus Estimate of $3,741 million.
Segment Details
In the quarter, new-vehicle revenues rose 4% year over year to $1,942.7 million, beating the Zacks Consensus Estimate of $1,849 million. Gross profit from the segment came in at $185 million, contracting 16.1% from the prior-year quarter but topping the consensus mark of $177 million.
Used-vehicle revenues slid 19% from the year-ago figure to $1,107.3 million, missing the consensus mark of $1,135 million. Gross profit from the segment came in at $71 million, which fell 31.7% and missed the Zacks Consensus Estimate of $73 million.
Net revenues in the finance and insurance businesses amounted to $166.3 million, down 18% from the year-ago quarter and lagging the consensus mark of $168 million. Gross profit was $165 million, declining 12.2% year over year but outpacing the Zacks Consensus Estimate of $164 million.
Revenues from the parts and service business rose 1% from the prior-year quarter to $526.1 million but missed the consensus mark of $546 million. Gross profit from this segment came in at $292 million, inching up 0.7% year over year but missing the consensus estimate of $299 million.
Other Tidbits
Adjusted selling, general & administrative (SG&A) expenses as a percentage of gross profit rose to 57%, marking an increase of 112 basis points year over year. Asbury sold over 11,400 vehicles, an all-time record high, through the “end-to-end” online sales platform, Clicklane.
As of Jun 30, 2023, the company had cash and cash equivalents of $77.5 million, down from $235.3 million on Dec 31, 2022. It had long-term debt of $3,240.5 million as of Jun 30, 2023, down from $3,301.2 million on Dec 31, 2022.
During the quarter under review, Asbury repurchased approximately 960,000 shares for nearly $190 million. On Jul 24, 2023, Asbury had $250 million in share repurchase authorization remaining.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in fresh estimates.
The consensus estimate has shifted 11.31% due to these changes.
VGM Scores
At this time, Asbury Automotive has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Asbury Automotive has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Asbury Automotive is part of the Zacks Automotive - Retail and Whole Sales industry. Over the past month, AutoNation (AN), a stock from the same industry, has gained 3.1%. The company reported its results for the quarter ended June 2023 more than a month ago.
AutoNation reported revenues of $6.89 billion in the last reported quarter, representing a year-over-year change of +0.3%. EPS of $6.29 for the same period compares with $6.48 a year ago.
For the current quarter, AutoNation is expected to post earnings of $5.42 per share, indicating a change of -9.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +2.3% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for AutoNation. Also, the stock has a VGM Score of C.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A month has gone by since the last earnings report for Asbury Automotive Group (ABG). Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report To read this article on Zacks.com click here. Will the recent positive trend continue leading up to its next earnings release, or is Asbury Automotive due for a pullback? | Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report To read this article on Zacks.com click here. A month has gone by since the last earnings report for Asbury Automotive Group (ABG). Asbury's Q2 Earnings Beat Estimates But Fall Y/Y Asbury reported second-quarter 2023 adjusted earnings of $8.95 per share, which decreased 10.9% year over year. | A month has gone by since the last earnings report for Asbury Automotive Group (ABG). Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report To read this article on Zacks.com click here. Segment Details In the quarter, new-vehicle revenues rose 4% year over year to $1,942.7 million, beating the Zacks Consensus Estimate of $1,849 million. | A month has gone by since the last earnings report for Asbury Automotive Group (ABG). Click to get this free report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report To read this article on Zacks.com click here. Earnings, however, topped the Zacks Consensus Estimate of $8.15 per share. |
28495.0 | 2023-08-19 00:00:00 UTC | ABG Quantitative Stock Analysis | ABG | https://www.nasdaq.com/articles/abg-quantitative-stock-analysis-1 | nan | nan | Below is Validea's guru fundamental report for ASBURY AUTOMOTIVE GROUP, INC. (ABG). Of the 22 guru strategies we follow, ABG rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum and price momentum.
ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a mid-cap value stock in the Retail (Specialty) industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
FUNDAMENTAL MOMENTUM: PASS
TWELVE MINUS ONE MOMENTUM: PASS
FINAL RANK: PASS
Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC.
ABG Guru Analysis
ABG Fundamental Analysis
More Information on Dashan Huang
Dashan Huang Portfolio
About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. His paper "Twin Momentum" looked at combining traditional price momentum with improving fundamentals to generate market outperformance. In the paper, he identified seven fundamental variables (earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio) that he combined into a single fundamental momentum measure. He showed that stocks in the top 20% of the universe according to that measure outperformed the market going forward. When he combined that measure with price momentum, he was able to double its outperformance.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a mid-cap value stock in the Retail (Specialty) industry. Below is Validea's guru fundamental report for ASBURY AUTOMOTIVE GROUP, INC. (ABG). Of the 22 guru strategies we follow, ABG rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. | Of the 22 guru strategies we follow, ABG rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. ABG Guru Analysis ABG Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ASBURY AUTOMOTIVE GROUP, INC. (ABG). | Detailed Analysis of ASBURY AUTOMOTIVE GROUP, INC. ABG Guru Analysis ABG Fundamental Analysis More Information on Dashan Huang Dashan Huang Portfolio About Dashan Huang: Dashan Huang is an Assistant Professor of Finance at the Lee Kong Chian School of Business at Singapore Management University. Below is Validea's guru fundamental report for ASBURY AUTOMOTIVE GROUP, INC. (ABG). Of the 22 guru strategies we follow, ABG rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. | Of the 22 guru strategies we follow, ABG rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. Below is Validea's guru fundamental report for ASBURY AUTOMOTIVE GROUP, INC. (ABG). ASBURY AUTOMOTIVE GROUP, INC. (ABG) is a mid-cap value stock in the Retail (Specialty) industry. |
28496.0 | 2023-08-10 00:00:00 UTC | Morgan Stanley Maintains Asbury Automotive Group (ABG) Underweight Recommendation | ABG | https://www.nasdaq.com/articles/morgan-stanley-maintains-asbury-automotive-group-abg-underweight-recommendation | nan | nan | Fintel reports that on August 9, 2023, Morgan Stanley maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Underweight recommendation.
Analyst Price Forecast Suggests 15.99% Upside
As of August 2, 2023, the average one-year price target for Asbury Automotive Group is 258.91. The forecasts range from a low of 129.28 to a high of $357.00. The average price target represents an increase of 15.99% from its latest reported closing price of 223.21.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Asbury Automotive Group is 15,819MM, an increase of 6.19%. The projected annual non-GAAP EPS is 31.74.
What is the Fund Sentiment?
There are 673 funds or institutions reporting positions in Asbury Automotive Group. This is an increase of 26 owner(s) or 4.02% in the last quarter. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 1.31%. Total shares owned by institutions decreased in the last three months by 3.20% to 26,578K shares.
The put/call ratio of ABG is 0.26, indicating a bullish outlook.
What are Other Shareholders Doing?
Abrams Capital Management holds 2,109K shares representing 10.25% ownership of the company. In it's prior filing, the firm reported owning 2,118K shares, representing a decrease of 0.46%. The firm increased its portfolio allocation in ABG by 3.43% over the last quarter.
Impactive Capital holds 2,051K shares representing 9.97% ownership of the company. In it's prior filing, the firm reported owning 2,203K shares, representing a decrease of 7.43%. The firm decreased its portfolio allocation in ABG by 3.34% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,612K shares representing 7.83% ownership of the company. In it's prior filing, the firm reported owning 1,640K shares, representing a decrease of 1.74%. The firm increased its portfolio allocation in ABG by 11.89% over the last quarter.
Neuberger Berman Group holds 1,456K shares representing 7.08% ownership of the company. In it's prior filing, the firm reported owning 1,518K shares, representing a decrease of 4.27%. The firm increased its portfolio allocation in ABG by 6.29% over the last quarter.
NBGNX - Neuberger Berman Genesis Fund Investor Class holds 789K shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 822K shares, representing a decrease of 4.19%. The firm decreased its portfolio allocation in ABG by 3.22% over the last quarter.
Asbury Automotive Group Background Information
(This description is provided by the company.)
Asbury Automotive Group, Inc. ("Asbury"), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. Asbury currently operates 91 dealerships, consisting of 112 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates 25 collision repair centers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.
Additional reading:
Asbury Automotive Group Reports Second Quarter 2023 Financial Results
Asbury Automotive Group Reports First Quarter 2023 Financial Results
Entity Name Domestic State Foreign Qualification AF Motors, L.L.C. DE FL ANL, L.P. DE FL Arkansas Automotive Services, L.L.C. DE AR Asbury AR Niss L.L.C. DE AR Asbury Arlington MB, LLC DE TX Asbury Atlanta AC L.L.C. DE GA Asbury Atlanta AU L.L.C. DE
Asbury Automotive Group Reports Record Fourth Quarter and Record Full Year 2022 Financial Results
October 10, 2022
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on August 9, 2023, Morgan Stanley maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Underweight recommendation. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 1.31%. The put/call ratio of ABG is 0.26, indicating a bullish outlook. | Fintel reports that on August 9, 2023, Morgan Stanley maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Underweight recommendation. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 1.31%. The put/call ratio of ABG is 0.26, indicating a bullish outlook. | Fintel reports that on August 9, 2023, Morgan Stanley maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Underweight recommendation. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 1.31%. The put/call ratio of ABG is 0.26, indicating a bullish outlook. | Fintel reports that on August 9, 2023, Morgan Stanley maintained coverage of Asbury Automotive Group (NYSE:ABG) with a Underweight recommendation. Average portfolio weight of all funds dedicated to ABG is 0.35%, an increase of 1.31%. The put/call ratio of ABG is 0.26, indicating a bullish outlook. |
28497.0 | 2023-08-07 00:00:00 UTC | Commit To Purchase Asbury Automotive Group At $210, Earn 11.2% Annualized Using Options | ABG | https://www.nasdaq.com/articles/commit-to-purchase-asbury-automotive-group-at-%24210-earn-11.2-annualized-using-options | nan | nan | Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $224.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2024 put at the $210 strike, which has a bid at the time of this writing of $20.50. Collecting that bid as the premium represents a 9.8% return against the $210 commitment, or a 11.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $210 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Asbury Automotive Group Inc sees its shares decline 5.9% and the contract is exercised (resulting in a cost basis of $189.50 per share before broker commissions, subtracting the $20.50 from $210), the only upside to the put seller is from collecting that premium for the 11.2% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Asbury Automotive Group Inc, and highlighting in green where the $210 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the June 2024 put at the $210 strike for the 11.2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Asbury Automotive Group Inc (considering the last 250 trading day closing values as well as today's price of $224.08) to be 43%. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Monday, the put volume among S&P 500 components was 1.99M contracts, with call volume at 2.40M, for a put:call ratio of 0.83 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $224.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $224.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $224.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. | Investors considering a purchase of Asbury Automotive Group Inc (Symbol: ABG) stock, but tentative about paying the going market price of $224.08/share, might benefit from considering selling puts among the alternative strategies at their disposal. Selling a put does not give an investor access to ABG's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. For other put options contract ideas at the various different available expirations, visit the ABG Stock Options page of StockOptionsChannel.com. |
28498.0 | 2023-08-03 00:00:00 UTC | Factor Likely to Influence Dillard's (DDS) in Q2 Earnings | ABG | https://www.nasdaq.com/articles/factor-likely-to-influence-dillards-dds-in-q2-earnings | nan | nan | Dillard’s, Inc. DDS is expected to register year-over-year top and bottom-line declines when it reports second-quarter fiscal 2023 numbers.
The Zacks Consensus Estimate for fiscal second-quarter revenues of $1.53 billion indicates a 3.4% decline from the year-ago reported figure. The Zacks Consensus Estimate for fiscal second-quarter earnings is pegged at $4.21 per share, indicating a 54.7% decrease from the year-ago quarter’s reported figure. The consensus estimate has been unchanged in the past 30 days.
We expect the company’s fiscal second-quarter total revenues to decline 5.3% year over year to $1,504.2 million and earnings to plunge 57% to $3.99 per share.
In the last reported quarter, the company recorded an earnings surprise of 29.8%. We note that in the trailing four quarters, its bottom line beat the Zacks Consensus Estimate by 110.4%, on average.
Dillard's, Inc. Price and EPS Surprise
Dillard's, Inc. price-eps-surprise | Dillard's, Inc. Quote
Key Factors to Note
Dillard’s has been benefiting from better inventory management and consumer demand. The company has created a niche for itself through a stringent focus on offering fashionable products to its customers and adding value through exceptional customer care service.
The company’s efforts to capture growth opportunities in brick-and-mortar stores and the e-commerce business has been a key driver. On the store front, it has been gaining from initiatives to enhance brand relations, focus on in-trend categories, store remodels and increased rewards to store personnel. Strength in its activewear brands should have helped grab market share in the quarter under review.
Its e-commerce business is catching pace with strategies like the enhancement of merchandise assortments and effective inventory management. We expect the company’s fiscal second-quarter performance to have gained from its focus on increasing productivity at existing stores, improved omni-channel platform and enhanced domestic operations.
However, stiff competition and inflation are likely to have been concerning. The company has been witnessing a decline in customer activity due to lower incomes. Also, weakness in the ladies’ accessories and lingerie, as well as children’s apparel are likely to have dented the fiscal second-quarter performance.
What the Zacks Model Suggests
Our proven model does not conclusively predict an earnings beat for Dillard’s this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Dillard’s currently has a Zacks Rank #3 and an Earnings ESP of -5.23%.
Stocks Poised to Beat Earnings Estimates
Here are some companies that have the right combination of elements to post an earnings beat:
Arhaus ARHS has an Earnings ESP of +7.69% and currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
ARHS is likely to register year-over-year top-line growth when it reports second-quarter fiscal 2023, while its bottom line is expected to decline. The Zacks Consensus Estimate for its quarterly revenues is pegged at $325.7 million, suggesting 6.3% growth from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for ARHS’ fiscal second-quarter earnings is pegged at 26 cents, suggesting a 7.1% decline from the year-ago quarter’s reported figure. The consensus estimate for earnings has been unchanged in the past 30 days. ARHS has delivered an earnings beat of 82.4%, on average, in the trailing four quarters.
Asbury Automotive Group ABG has an Earnings ESP of +9.43% and currently carries a Zacks Rank #2. ABG is likely to register top and bottom-line declines when it reports second-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for its quarterly revenues is pegged at $3.7 billion, suggesting a 6.4% decline from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for ABG’s fiscal second-quarter earnings is pegged at $8.04, suggesting a 19.9% decline from the reported figure in the year-ago quarter. The consensus estimate for earnings has declined 2% in the past 30 days. ABG has delivered an earnings beat of 7.4%, on average, in the trailing four quarters.
Costco COST has an Earnings ESP of +0.73% and a Zacks Rank of 3. The company will likely register an increase in the bottom line when it reports fourth-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for its quarterly earnings per share of $4.73 suggests a rise of 12.6% from the year-ago reported number.
Costco’s top line is expected to ascend year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $78.92 billion, indicating an increase of 9.5% from the prior-year quarter. COST has a trailing four-quarter earnings surprise of 1.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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Dillard's, Inc. (DDS) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report
Arhaus, Inc. (ARHS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Asbury Automotive Group ABG has an Earnings ESP of +9.43% and currently carries a Zacks Rank #2. ABG is likely to register top and bottom-line declines when it reports second-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for ABG’s fiscal second-quarter earnings is pegged at $8.04, suggesting a 19.9% decline from the reported figure in the year-ago quarter. | The Zacks Consensus Estimate for ABG’s fiscal second-quarter earnings is pegged at $8.04, suggesting a 19.9% decline from the reported figure in the year-ago quarter. Click to get this free report Dillard's, Inc. (DDS) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Arhaus, Inc. (ARHS) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group ABG has an Earnings ESP of +9.43% and currently carries a Zacks Rank #2. | The Zacks Consensus Estimate for ABG’s fiscal second-quarter earnings is pegged at $8.04, suggesting a 19.9% decline from the reported figure in the year-ago quarter. Click to get this free report Dillard's, Inc. (DDS) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report Arhaus, Inc. (ARHS) : Free Stock Analysis Report To read this article on Zacks.com click here. Asbury Automotive Group ABG has an Earnings ESP of +9.43% and currently carries a Zacks Rank #2. | ABG is likely to register top and bottom-line declines when it reports second-quarter fiscal 2023 numbers. Asbury Automotive Group ABG has an Earnings ESP of +9.43% and currently carries a Zacks Rank #2. The Zacks Consensus Estimate for ABG’s fiscal second-quarter earnings is pegged at $8.04, suggesting a 19.9% decline from the reported figure in the year-ago quarter. |
28499.0 | 2023-07-28 00:00:00 UTC | Zacks.com featured highlights include StoneCo, Unum Group, Asbury Automotive Group and Magna International | ABG | https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-stoneco-unum-group-asbury-automotive-group-and-magna | nan | nan | For Immediate Release
Chicago, IL – July 28, 2023 – Stocks in this week’s article are StoneCo Ltd. STNE, Unum Group UNM, Asbury Automotive Group, Inc. ABG and Magna International Inc. MGA.
4 Low Price-to-Cash Flow Stocks to Buy for Optimum Returns
Investment in stocks made on diligent value analysis is usually considered one of the best practices. In value investing, investors pick stocks that are cheap but fundamentally sound. There are a number of ratios to identify value stocks but none alone can conclusively determine their inherent potential. Each ratio helps an investor understand a particular aspect of the company's business.
One such ratio, Price to Cash Flow (or P/CF), can work wonders in stock picking if used prudently. This metric evaluates the market price of a stock relative to the amount of cash flow that the company is generating on a per share basis — the lower the number, the better. StoneCo Ltd., Unum Group, Asbury Automotive Group, Inc. and Magna International Inc. all boast a low P/CF ratio.
Why P/CF Ratio?
You must be wondering why we are considering this when the most widely used valuation metric is Price/Earnings (or P/E). Well, an important factor that makes P/CF a highly dependable metric is that operating cash flow adds back non-cash charges such as depreciation and amortization to net income, truly diagnosing a company's financial health.
Analysts caution that a company's earnings are subject to accounting estimates and management manipulation. Then again, cash flow is quite reliable. Net cash flow unveils how much money a company generates and how effectively management is deploying the same.
A positive cash flow indicates an increase in the company's liquid assets. This gives the company the means to settle debt, meet its expenses, reinvest in the business, endure downturns and finally undertake shareholder-friendly moves. Negative cash flow implies a decline in the company's liquidity, which, in turn, lowers its flexibility to support these endeavors.
However, an investment decision solely based on the P/CF metric may not fetch the desired results. To identify stocks that are trading at a discount, you should expand your search criteria and take into account the price-to-book ratio, price-to-earnings ratio and price-to-sales ratio. Adding a favorable Zacks Rank and a Value Score of A or B to your search criteria should lead to even better results as these eliminate the chances of falling into a value trap.
Here are four of the nine stocks that qualified the screening:
StoneCo, a leading provider of financial technology and software solutions, sports a Zacks Rank #1 and has an expected EPS growth rate of 55.2% for three-five years. The company has a trailing four-quarter earnings surprise of 11.8%, on average. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for StoneCo's current financial year sales and EPS suggests growth of 4.4% and 115.2%, respectively, from the year-ago period. STNE has a Value Score of B. Shares of STNE have rallied 39.1% in the past year.
Unum Group, which provides financial protection benefit solutions, carries a Zacks Rank #2 and has an expected EPS growth rate of 8.4% for three-five years. The company has a trailing four-quarter earnings surprise of 18.6%, on average.
The Zacks Consensus Estimate for Unum Group's current financial year sales and EPS suggests growth of 2.4% and 20.8%, respectively, from the year-ago period. Unum Group has a Value Score of A. Shares of UNM have gained 53.8% in the past year.
Asbury Automotive Group, which operates as an automotive retailer in the United States, carries a Zacks Rank #2. ABG has a Value Score of A and an expected EPS growth rate of 18.5% for three-five years.
Asbury Automotive Group has a trailing four-quarter earnings surprise of 6.6%, on average. Shares of ABG have rallied 29% in the past year.
Magna International, one of the world's largest suppliers in the automotive space, carries a Zacks Rank #2. It has an expected EPS growth rate of 20.4% for three-five years. The company delivered an earnings surprise of 16.8% in the last reported quarter.
The Zacks Consensus Estimate for Magna International's current financial year sales and EPS suggests growth of 8.9% and 20.5%, respectively, from the year-ago period. Magna International has a Value Score of A. Shares of MGA have declined 1.6% in the past year.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2128822/4-low-price-to-cash-flow-stocks-to-buy-for-optimum-returns
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Unum Group (UNM) : Free Stock Analysis Report
Magna International Inc. (MGA) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report
StoneCo Ltd. (STNE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL – July 28, 2023 – Stocks in this week’s article are StoneCo Ltd. STNE, Unum Group UNM, Asbury Automotive Group, Inc. ABG and Magna International Inc. MGA. ABG has a Value Score of A and an expected EPS growth rate of 18.5% for three-five years. Shares of ABG have rallied 29% in the past year. | For Immediate Release Chicago, IL – July 28, 2023 – Stocks in this week’s article are StoneCo Ltd. STNE, Unum Group UNM, Asbury Automotive Group, Inc. ABG and Magna International Inc. MGA. Click to get this free report Unum Group (UNM) : Free Stock Analysis Report Magna International Inc. (MGA) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report StoneCo Ltd. (STNE) : Free Stock Analysis Report To read this article on Zacks.com click here. ABG has a Value Score of A and an expected EPS growth rate of 18.5% for three-five years. | Click to get this free report Unum Group (UNM) : Free Stock Analysis Report Magna International Inc. (MGA) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report StoneCo Ltd. (STNE) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – July 28, 2023 – Stocks in this week’s article are StoneCo Ltd. STNE, Unum Group UNM, Asbury Automotive Group, Inc. ABG and Magna International Inc. MGA. ABG has a Value Score of A and an expected EPS growth rate of 18.5% for three-five years. | For Immediate Release Chicago, IL – July 28, 2023 – Stocks in this week’s article are StoneCo Ltd. STNE, Unum Group UNM, Asbury Automotive Group, Inc. ABG and Magna International Inc. MGA. ABG has a Value Score of A and an expected EPS growth rate of 18.5% for three-five years. Shares of ABG have rallied 29% in the past year. |
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