|Over a week ago|
Greenlight adds DXC, cuts Altice USA in Q4 » 16:3402/1402/14/20
DXC, DDS, VOYA, CC, SATS, ATUS, TPX, CEIX, SGMS, AER, GRBK, GM, BHF
David Einhorn's Greenlight Capital disclosed in an SEC filing its holdings as of December 31, 2019. The fund's one new buy during the fourth quarter was DXC Technology (DXC). Greenlight exited two positions during the quarter, namely Dillard's (DDS) and Voya Financial (VOYA). The fund increased its stake in two holdings, namely Chemours (CC) and EchoStar (SATS). Greenlight reduced its stake in six holdings, including by size of previous position Altice USA (ATUS), Tempur Sealy (TPX), Consol Energy (CEIX), Scientific Games (SGMS), and AerCap (AER). The firm's top holdings as of December 31, in order of size, were Green Brick (GRBK), General Motors (GM), AerCap, BrightHouse Financial (BHF), and Chemours.
Tempur Sealy price target raised to $100 from $85 at Loop Capital » 08:0802/1402/14/20
Loop Capital analyst…
Loop Capital analyst Laura Champine raised her price target on Tempur Sealy to $100 after its Q4 earnings beat and positive comments on the growth of Tempur product from the management. The analyst expects growth of over 20% in the first 3 quarters of 2020 as Mattress Firm volume grows, but also keeps her Hold rating on the stock, saying its 17-times expected forward earnings valuation is pricing in the upside.
Tempur Sealy price target raised to $110 from $100 at Wedbush » 07:4002/1402/14/20
Wedbush analyst Seth…
Wedbush analyst Seth Basham raised his price target for Tempur Sealy to $110 from $100 and keeps an Outperform rating on the shares following the company's Q4 results, which handily topped consensus expectations while also issuing 2020 EBITDA guidance that surpassed expectations at the high end. While some see the company's wide EBITDA guidance range as indicative of a high level of uncertainty, the analyst thinks the high end could be achieved.
Tempur Sealy price target raised to $120 from $113 at Piper Sandler » 06:4602/1402/14/20
Piper Sandler analyst…
Piper Sandler analyst Peter Keith raised his price target for Tempur Sealy to $120 from $113 and reiterates an Overweight rating on the shares following the company's "very solid" Q4 results. The analyst says the Q4 results and management comments make him more bullish on the outlook for 2020 and beyond. He keeps an Overweight rating on Tempur Sealy.
Tempur Sealy raises share repurchase authorization to $300M » 06:4702/1302/13/20
Tempur Sealy announced…
Tempur Sealy announced that its board has increased the authorization under the company's share repurchase program by over $190M to a total of $300M. Since the program was announced in 2016, the company has repurchased approximately 10.8M shares for a total investment of approximately $691.6M at an average price per share of $63.84. The company expects to purchase at least $50M of its common stock per quarter in the near term. At the company's current market capitalization, that would represent approximately 4% of outstanding shares in 2020.
Tempur Sealy sees FY20 adj. EBITDA $575M-$650M 06:4602/1302/13/20
Tempur Sealy reports Q4 adj. EPS $1.37, consensus $1.17 » 06:4502/1302/13/20
Reports Q4 revenue…
Reports Q4 revenue $871.3M, consensus $771.42M. CEO Scott Thompson commented, "The investments we have made over the past four years strengthening the long-term foundation of our company investments have enhanced our competitive position. We exited 2019 with all-time record fourth quarter sales, adjusted EBITDA, and free cash flow. The combination of our powerful omni-channel distribution platform coupled with our market leading brands and products continues to drive market share gains and solid financial performance. We are carrying our momentum from 2019 forward, and we expect record full-year revenues and over 20% growth in adjusted EBITDA in 2020."
Tempur Sealy to reduce energy footprint for U.S. operations » 07:5602/1002/10/20
Tempur Sealy announced…
Tempur Sealy announced that it will invest in solar power technology for its largest mattress manufacturing operation, located in Albuquerque, New Mexico. The project is planned for completion by year end. The locally-generated renewable energy will provide a sustainable source of electric power sufficient to run all of Albuquerque's mattress assembly lines, reducing the annual electric consumption purchased from public utility by approximately 2M kWh's.
Fly Intel: After Hours Movers » 18:4802/0302/03/20
VIRT, VVV, DLA, WWD, HXL, EZPW, KMT, HLIT, GOOG, LEG, NXPI, HIG, CTLT, UAA
UP AFTER EARNINGS: Virtu…
UP AFTER EARNINGS: Virtu Financial (VIRT) up 6.2%... Valvoline (VVV) up 2.9%... Delta Apparel (DLA) up 1.9%... Woodward (WWD) up 1.7%... Hexcel (HXL) up 1.6%. DOWN AFTER EARNINGS: EZCorp (EZPW) down 9.1%... Kenmetal (KMT) down 7.5%... Harmonic (HLIT) down 4.8%...Alphabet (GOOG) down 4.6%... Leggett & Platt (LEG) down 4.4%... NXP Semi (NXPI) down 1.8%... Hartford Financial (HIG) down 0.7%. ALSO LOWER: Catalent (CTLT) down 2.7% after equity offering... Under Armour (UAA) down 1.0% after being initiated with Underperform at BMO Capital. Movers as of 18:30ET.
Leggett & Platt sees FY20 CapEx $160M » 16:2902/0302/03/20
Sees FY20 operating cash…
Sees FY20 operating cash flow $550M; Effective tax rate 23%.