| Over a week ago | ||||
Virtual Meeting to be… Virtual Meeting to be held on June 28 hosted by Oppenheimer. | ||||
| Over a month ago | ||||
Virtual Meeting to be… Virtual Meeting to be held on June 28 hosted by Oppenheimer. | ||||
Catch up on today's… Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Dish (DISH) upgraded to Buy from Hold at Pivotal Research with analyst Jeffrey Wlodarczak saying the new target price is "arguably conservative considering the significant upside potential" in the Dish 5G wireless opportunity and to a much lesser extent from the likely inevitable merger with AT&T's (T) DirecTV. 2. EnerSys (ENS) upgraded to Buy from Neutral at BTIG with analyst Gregory Lewis saying he walked away more constructive on the longer-term story for EnerSys. 3. First Bancorp (FBNC) upgraded to Overweight from Neutral at Piper Sandler with analyst Stephen Scouten saying the stock's underperformance following the Select Bancorp (SLCT) acquisition is overdone. 4. BBVA (BBVA) upgraded to Buy from Hold at Societe Generale with analyst Carlos Cobo saying the company's turnaround in Mexican earnings could surprise the consensus. 5. Evergy (EVRG) upgraded to Buy from Neutral at Goldman Sachs with analyst Michael Lapides citing an "attractive" valuation, upside potential to consensus estimates, and "positive changes to regulatory frameworks" in both Kansas and Missouri for the upgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | ||||
BTIG analyst Gregory… BTIG analyst Gregory Lewis upgraded EnerSys to Buy from Neutral with a $125 price target after hosting investor meetings with management. The analyst walked away more constructive on the longer-term story for EnerSys. Demand for the company's core Thin Plate Pure Lead product is sold out, with management's focus on scaling up production across its factories, Lewis tells investors in a research note. Further, while the 5G build-out continues to "push right," the roll-out of 5G mid-spectrum is "providing a bridge" until the full benefit of the 5G rollout starts to be realized later this year, adds the analyst. He believes EnerSys is "finding its stride." | ||||
Virtual Meeting to be… Virtual Meeting to be held on June 11 hosted by BTIG. | ||||
Virtual Meeting to be… Virtual Meeting to be held on June 11 hosted by BTIG. | |
Reports Q4 revenue… Reports Q4 revenue $813.5M, consensus $779.23M. "As I noted in our Press Release dated May 20, 2021, strong demand for our products will be tempered somewhat with supply chain challenges. However, we believe we can mitigate many of these challenges which will likely persist through our first fiscal half of the year and we expect that price increases will further offset their effects as the year progresses. We are maintaining our guidance of $1.15 to $1.25 per as-adjusted diluted share for our first fiscal quarter," David Shaffer, president and CEO said. | |
The company said,… The company said, "Our fourth quarter adjusted earnings per share of $1.30 was in the high end of our guidance range. As we look to our first quarter fiscal 2022, despite the near term challenges associated with a rapid COVID recovery, we expect to achieve between $1.15 and $1.25 in as-adjusted earnings per share." | |
Reports preliminary Q4… Reports preliminary Q4 revenue $813.5M, consensus $800.95M. The company said, "Given the unprecedented challenges of the past year, we delivered excellent performance in fiscal 2021 with all of our lines of business poised to take advantage of tremendous market opportunities. We have emerged from the pandemic with fourth quarter revenue up 4% year over year and 8% sequentially. This is a tremendous testament to our ability to respond to market conditions while progressing the integration of recent acquisitions and advancing numerous new product offerings." |