Travel & Tourism Industry release:
On Wednesday, shares in Kansas City, Missouri-based Hostess Brands Inc. recorded a trading volume of 1.81 million shares, which was higher than their three months average volume of 1.34 million shares. The stock ended the day at $14.01, jumping 4.09% from the last trading session. The Company’s shares have advanced 21.19% in the past month, 5.42% in the previous three months, and 7.77% on an YTD basis. The stock is trading above its 50-day moving average by 10.38%. Furthermore, shares of Hostess Brands have a Relative Strength Index (RSI) of 69.84.
On November 20th, 2017, Hostess Brands announced the repricing of its existing First Lien Term Loan. Under the transaction, the Company’s First Lien Term Loan was repriced from LIBOR plus 2.50% to LIBOR plus 2.25%. No covenants were changed, and the First Lien Term Loan continues to have a maturity date of August 03rd, 2022. As a result of the repricing, the Company expects annualized interest expense savings of approximately $2.5 million that will result in an expected increase of $0.01 of basic and diluted earnings per share. Signing up now gives you access to the free research coverage on TWNK at: http://www.wallstequities.com/registration/?symbol=TWNK
Charlotte, North Carolina headquartered Snyder’s-Lance Inc.’s stock rose 1.96%, finishing yesterday’s session at $38.59. A total volume of 435,793 shares was traded, which was above their three months average volume of 384,110 shares. The Company’s shares have gained 4.98% in the last month, 7.70% over the previous three months, and 0.65% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.22% and 4.14%, respectively. Additionally, shares of Snyder’s-Lance have an RSI of 64.94.
On November 07th, 2017, Snyder’s-Lance reported its results for the quarter ended September 30th, 2017. Total net revenue in Q3 2017 was $564.2 million, GAAP operating loss was $53.8 million, and net interest expense was $10.1 million. GAAP net loss from continuing operations was $57.7 million for the quarter, and adjusted EBITDA from continuing operations was $85.2 million. Get access to our top-rated research, including the free report on LNCE at: http://www.wallstequities.com/registration/?symbol=LNCE
Shares in Orrville, Ohio headquartered The J.M. Smucker Co. ended the session 2.38% higher at $117.66. The stock recorded a trading volume of 1.50 million shares, which was above its three months average volume of 1.24 million shares. The Company’s shares have gained 15.45% in the last one month and 12.87% over the previous three months. The stock is trading 10.85% above its 50-day moving average. Moreover, shares of the Company have an RSI of 68.33.
On November 16th, 2017, J.M. Smucker announced the results for Q2 ended October 31st, 2017 of its 2018 fiscal year. Net sales for the quarter were $1,923.6 million, operating income was $330.7 million, and net income per diluted share was $1.71. Cash provided by operating activities was $130.3 million for Q2 of fiscal 2018, and free cash flow was $69.9 million.
On November 17th, 2017, research firm Stifel reiterated its ‘Hold’ rating on the Company’s stock with an increase of the target price from $109 a share to $113 a share. Click here to subscribe for a free membership which welcomes you with our report on SJM at: http://www.wallstequities.com/registration/?symbol=SJM
At the closing bell on Wednesday, Oak Brook, Illinois-based Treehouse Foods Inc.’s stock rose 3.43%, finishing at $45.78. A total volume of 890,591 shares was traded. The Company’s shares are trading 21.97% below their 50-day moving average. Additionally, shares of Treehouse Foods have an RSI of 34.86.
On November 02nd, 2017, Treehouse Foods announced that Robert B. Aiken resigned as President on October 29th, 2017. Chairman and CEO Sam K. Reed will assume the role of President. As part of the Board approved search process, the Company will retain a leading executive search firm to identify CEO candidates.
On November 06th, 2017, research firm Jefferies reiterated its ‘Buy’ rating on the Company’s stock with a decrease of the target price from $90 a share to $68 a share. To get free access to your research report on THS, sign up at: http://www.wallstequities.com/registration/?symbol=THS
Wall St. Equities:
Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
WSE has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://wallstequities.com/legal-disclaimer/
For any questions, inquiries, or comments reach out to us directly. If you’re a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Morris Capital Inc; Wall St. Equities
Click here to read the full release with contact information on PR Newswire. Some releases are not in English.
To post and circulate your own press release on FIR and the eTN Network please click here
Comments are closed here.