I recently wrote about how Capstead Mortgage (NYSE:CMO) was a sinking ship to be avoided. That was because there was an 11.5% dividend cut. So why this cut? Well, the fact is that 2015 was a rough year for the name, though in Q1 2016, the company beat consensus estimates on the top line and had an in-line bottom-line result. But Capstead reported net income of just $27.4 million or $0.25 per share compared to net income of $28.4 million or $0.26 per share in Q4 2015. This was a slight sequential decline, but was good performance. But not enough to continue paying the dividend of $0.26. The key metrics suggested the name was to be avoided. That said, fast forward a few months and the name is approaching a 52-week high. This is not because of company-specific strength exactly, but sector-specific strength. Many mREITs are doing well. But, to be fair, I was wrong to say avoid the name, given the outcome. Let us turn to the numbers.
In the recently reported Q3 2016, the company missed consensus estimates on the top-line and bottom-line results. That is not so good. Capstead reported net income of just $16.4 million or $0.13 per share compared to net income of $21.6 million or $0.19 per share in Q2 2016. This was a sequential decline and is not a great showing. Now the company of course paid its newly cut dividend of $0.23. To understand if the dividend was covered, we look to core income. Well, pretty poor. Core income came in at $0.16 per share. This is a $0.07 shortfall. Ouch.
Best Dividend Stocks To Buy For 2019: Edwards Lifesciences Corporation(EW)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Teradyne, Inc. (NYSE: TER) fell 10.8 percent to $37.02 in pre-market trading after the company issued downbeat Q2 guidance.
Edwards Lifesciences Corporation (NYSE: EW) fell 9.2 percent to $122.29 in pre-market trading. Edwards Lifesciences reported better-than-expected results for its first quarter, but issued weak earnings guidance for the second quarter.
New Gold Inc. (NYSE: NGD) fell 8.8 percent to $2.30 in pre-market trading after rising 4.13 percent on Tuesday.
Gold Fields Limited (ADR) (NYSE: GFI) fell 8.6 percent to $3.61 in pre-market trading.
Natus Medical Incorporated (NASDAQ: BABY) fell 8.2 percent to $32.95 in pre-market trading after the company issued weak forecast for the second quarter.
Atossa Genetics Inc. (NASDAQ: ATOS) shares fell 7.9 percent to $3.50 in pre-market trading after climbing 27.09 percent on Tuesday.
Bright Scholar Education Holdings Limited (NYSE: BEDU) shares fell 6.7 percent to $13.58 in pre-market trading after reporting Q1 results.
Sangamo Therapeutics Inc (NASDAQ: SGMO) fell 5.9 percent to $16.75 in pre-market trading following announcement of a $200 million common stock offering.
Foresight Autonomous Holdings Ltd (NASDAQ: FRSX) shares fell 5.7 percent to $3.29 in pre-market trading after declining 3.32 percent on Tuesday.
Euronav NV (NYSE: EURN) fell 4.8 percent to $8.40 in pre-market trading.
Limelight Networks, Inc. (NASDAQ: LLNW) shares fell 4.3 percent to $4.69 in pre-market trading.
Gaming and Leisure Properties Inc (NASDAQ: GLPI) shares fell 4.1 percent to $32.92 in pre-market trading after the company issued downbeat quarterly results and reported the retirement of CFO William Clifford
- [By Todd Campbell]
It had also led to Edwards Lifesciences (NYSE:EW), a medical device company, signing on to develop ZFP-based therapeutics for cardiovascular disease.
- [By Joseph Griffin]
Edwards Lifesciences (NYSE:EW) VP Jean-Luc M. Lemercier sold 5,634 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $134.91, for a total transaction of $760,082.94. Following the sale, the vice president now directly owns 38,784 shares of the company’s stock, valued at $5,232,349.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
- [By ]
Edwards Lifesciences (EW) : “They have the best devices. That stock is a buy.”
Align Technology (ALGN) : “The stock is breaking down. Let’s wait a few days then pull the trigger.”
Best Dividend Stocks To Buy For 2019: Daily Journal Corp. (S.C.)(DJCO)
- [By Ethan Ryder]
BidaskClub downgraded shares of Daily Journal (NASDAQ:DJCO) from a buy rating to a hold rating in a research report released on Tuesday.
Separately, TheStreet raised shares of Daily Journal from a c- rating to a b rating in a report on Monday, February 12th.
Best Dividend Stocks To Buy For 2019: Civitas Solutions, Inc.(CIVI)
- [By Stephan Byrd]
Balter Liquid Alternatives LLC acquired a new position in shares of Civitas Solutions (NYSE:CIVI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,572 shares of the company’s stock, valued at approximately $178,000.
- [By Lisa Levin]
Companies Reporting After The Bell
NVIDIA Corporation (NASDAQ: NVDA) is estimated to post quarterly earnings at $1.45 per share on revenue of $2.89 billion.
News Corporation (NASDAQ: NWSA) is projected to post quarterly earnings at $0.07 per share on revenue of $1.99 billion.
Symantec Corporation (NASDAQ: SYMC) is estimated to post quarterly earnings at $0.39 per share on revenue of $1.19 billion.
Pilgrim's Pride Corporation (NASDAQ: PPC) is projected to post quarterly earnings at $0.54 per share on revenue of $2.65 billion.
Hawaiian Electric Industries, Inc. (NYSE: HE) is expected to post quarterly earnings at $0.38 per share on revenue of $556.81 million.
Air Lease Corporation (NYSE: AL) is estimated to post quarterly earnings at $1.01 per share on revenue of $383.37 million.
Flowserve Corporation (NYSE: FLS) is expected to post quarterly earnings at $0.27 per share on revenue of $880.89 million.
Civitas Solutions, Inc. (NYSE: CIVI) is projected to post quarterly earnings at $0.12 per share on revenue of $396.25 million.
The Trade Desk, Inc. (NASDAQ: TTD) is estimated to post quarterly earnings at $0.1 per share on revenue of $73.23 million.
Amdocs Limited (NYSE: DOX) is projected to post quarterly earnings at $0.95 per share on revenue of $980.50 million.
Yelp Inc. (NYSE: YELP) is estimated to post quarterly loss at $0.04 per share on revenue of $220.14 million.
Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) is expected to post quarterly earnings at $0.43 per share on revenue of $210.01 million.
TiVo Corporation (NASDAQ: TIVO) is projected to post quarterly earnings at $0.37 per share on revenue of $198.62 million.
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) is expected to post quarterly earnings at $0.17 per share on revenue of $153.87 million.
Uniti Group Inc. (NASDAQ: UNIT) is estimated to post quarterly earnings at $0.01 per share on revenue of $247.16 million.
Jagged Peak En