Related tickers: SUPERVALU INC. (NYSE:SVU), PriceSmart, Inc. (NASDAQ:PSMT), Healthcare Services Group, Inc. (NASDAQ:HCSG), Synergy Resources Corp (NYSEAMEX:SYRG)
Supervalu Coverage Initiated by Analysts at Goldman Sachs. (SVU) (Daily Political)
Goldman Sachs began coverage on shares of SUPERVALU INC. (NYSE:SVU) in a report issued on Friday, AnalystRatingsNetwork.com reports. The firm issued a neutral rating and a $5.00 target price on the stock. “We have removed the NR designation from Supervalu, Inc. (SVU) shares following the sale of five banners to AB Acquisition LLC and the completed tender offer by Symphony Investors. We now have a Neutral rating on SUPERVALU INC. (NYSE:SVU) with a 12-month price target of $5 equating to 6% upside. Our FY13/14/15 estimates move to ($0.14)/($0.03)/$0.08 from $0.38/$0.15/$0.15 to reflect the sale of banners, the tender offer, and announced cost reductions…” the firm’s analyst commented.
PriceSmart, Inc. (NASDAQ:PSMT) will report earnings after markets close on Tuesday, April 9th. PriceSmart, Inc. owns and manages international merchandising businesses. The Company licenses and owns membership stores using the trade name PriceSmart and PriceCostco. PriceSmart, Inc. (NASDAQ:PSMT)’s international market consists of Latin America and Asia. The Company also operates domestic merchandising programs, including its Auto Referral Program and its Travel Program.
Healthcare Services Group Announces Chief Compliance Officer Appointment, Director Retirement; Provides Update on First Quarter Results; and Upcoming Conference Participation (iStockAnalyst)
Healthcare Services Group, Inc. (NASDAQ:HCSG) today announced the appointment of Jason J. Bundick, Esq., as Chief Compliance Officer. He will continue to serve in his role as the Company’s Corporate Counsel. Mr. Bundick will succeed Richard W. Hudson, MS, CPA, who is retiring after having served as Chief Compliance Officer since 2007. The Company also announced the retirement of Joseph F. McCartney from its Board of Directors. Mr. McCartney will continue to serve as Director until the annual meeting of shareholders on May 28, 2013.
Synergy Resources Slips on Weak Earnings (Benzinga)
Synergy Resources Corp (NYSEAMEX:SYRG) is down on Tuesday after missing second quarter EPS and revenue estimates. The Platteville, Colorado-based firm’s EPS rose 25 percent to $0.05, but fell short of analysts’ estimates of $0.06. Revenue finished up over 31 percent at $10.9 million. Yet, as with EPS, it missed the Wall Street consensus of $11.75 million.
Supervalu / Jewel Food Held in Contempt for Breaching Consent Decree Settling Earlier EEOC Disability Discrimination Suit (National Law Review)
A federal judge has held SUPERVALU INC. (NYSE:SVU), which owns the Jewel-Osco chain of stores, in contempt for failing to comply with conditions settling the U.S. Equal Employment Opportunity Commission’s (EEOC) disability discrimination lawsuit against the company, the federal agency announced today. The judge faulted Supervalu for failing to send written job offers to employees on a disability leave of absence who can be returned to work, as required under a consent decree entered by the court in 2011.
Wal-Mart Stores, Inc. (WMT): PriceSmart, Inc. (PSMT) Earnings: An Early Look (Insider Monkey)
Spring is finally here, and a new earnings season is right around the corner. Next Tuesday, PriceSmart, Inc. (NASDAQ:PSMT) will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.
