5 Stocks Making News Today: CVS, VMED, RL, MUSA, TWX

Share On Facebook
share on Linkedin

CVS Caremark Corporation (NYSE:CVS): The company reported 6 percent increase in its profits for the fourth quarter. CVS Caremark earned 90 cents per share, up from 81 cents per share it had earned in the corresponding quarter of the last year. Its revenue also increased 11 percent to $31.39 billion.

The company was expected to report its revenue at $31.14 billion. CVS Caremark is currently trading at $51.59, down 0.25 percent from its previous close. The stock is trading below its 20 days moving average price of $51.73 and 50 days moving average price of $51.75.  Its 52 weeks price range stands at $42.43 and $52.73. The stock is trading at the Price Earnings ratio of 17.33. CVS Caremark commands market capitalization of $64.35 billion. CVS Caremark is the second largest pharmacy chain in the US. The company expects its FY 2013 adjusted earnings to be in the range of $3.86 and $4 per share.

Virgin Media Inc. (NASDAQ:VMED): Virgin Media is down on the news of its acquisition by Liberty Group. The deal is a combination of cash and stock and is worth $16 billion. Virgin Media shareholders will get 36 percent of Liberty Global’s outstanding shares. The transaction valued Virgin Media stock at $47.87 per share. The media company will keep operating out of UK under its current name. Its stock traded in the range of $43.69 and $45.00 in the current trading session and at this point is at $44.41, down 2.63 percent.  The stock’s highest price point of 52 weeks stands at $46.43 while its lowest price point is at $21.25. Virgin Media stock is trading at Price Earnings ratio of 33.39 and its beta is 1.64. The company’s dividend yield stands at 0.36 percent.

Ralph Lauren Corporation (NYSE:RL): The company deals in premium price lifestyle products. It reported 27 percent increase in its third quarter profits. Its profit for the third quarter stood at $215.7 million, up from $169 million it had earned for the corresponding quarter of the last year. On per share basis, its net income was reported at $2.31 per share. Ralph Lauren Corporation also increased its revenue by 2.2 percent to $1.79 billion, lagging behind consensus estimate of $1.85 billion. However, it beat the expected earnings of $2.20 per share. Ralph Lauren stock is currently trading at $177.17, up 7.42 percent. It is trading above its 50 days moving average price of $174.82.  The stock oscillated in the range of $174.49 and $179.90 in the current trading session.  Ralph Lauren stock’s Price Earnings ratio stands at 24.96. The company commands the market capitalization of $16.20 billion and its stock is trading at the beta of 1.55.

Metals USA Holdings Corp. (NYSE:MUSA): The company is set to be acquired by Reliance Steel & Aluminum Co. for $766.1 million. The deal priced the stock at $20.65 per share and it is trading at $20.55, 12.30 percent higher than its previous close. It has traded in the range of $20.53 and $20.65 in the current trading session.  It has traded 3.18 million shares so far, in comparison to its daily average trading volume of 248k shares. Metals USA Holdings will continue to operate under its current brand after the acquisition. Its stock has traded in the range of $12.33 and $20.65 in the past 52 weeks. The company stock trades at Price Earnings ratio of 12.19 and its dividend yield is at 1.17.

Time Warner Inc. (NYSE:TWX): The stock is currently trading at $52.65, up 5.38 percent after the company reported healthy Q4 results.  It is trading in the range of $50.70 and $55.23 in the current trading session. Time Warner’s adjusted earnings for the quarter stood at $1.17 per share, beating consensus estimates of $1.10 per share in earnings. However, its revenue declined from $8.19 billion to $8.16 billion. It also lagged behind analysts’ expectations of $8.22 billion in revenue. The stock is above than its 20 days moving average price of $52.30 and 50 days moving average price of $51.78. In the past 52 weeks, the stock’s price range has been $33.62 and $55.23. The stock’s beta is 1.16 and its Price Earnings ratio is 19.94. Ralph Lauren commands market capitalization of $49.85 billion. However, the company raised its quarterly dividend to 28.75 cents per share, up 11 percent.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200919 06:26:21