ULTA Salon, Cosmetics & Fragrance Inc. (NASDAQ: ULTA) reported third-quarter 2016 results after markets closed on Thursday. The beauty products maker and salon operator posted diluted earnings per share (EPS) of $1.40 on $1.13 billion in sales. In the same period a year ago, the company reported EPS of $1.11 on sales of $910.7 million. Third-quarter results compare to the consensus estimates for EPS of $1.37 and $1.11 billion in revenue.
Consolidated same-store sales rose 16.7% in the third quarter compared with an increase of 12.8% in the same period a year. ULTA attributed the big increase this year to more traffic (11.1%) and a higher average ticket (5.6%).
For the fourth quarter of its fiscal year ULTA forecasts a same-store sales increase in the range of 12% to 14% and diluted EPS of $2.08 to $2.13. Analysts are looking for EPS of $2.05 and revenues of $1.51 billion. Last year the company posted EPS of $1.69 in the fourth quarter on revenues of 1.27 billion.
Hot Stocks To Own Right Now: Fiat Chrysler Automobiles N.V.(FCAU)
- [By Paul Ausick]
The bad news for Ford could turn into good news for General Motors Co. (NYSE: GM) and Fiat Chrysler Automobiles N.V. (NYSE: FCAU), makers, respectively, of the Chevy Silverado and the Ram pickups that compete with the F-Series trucks from Ford. A lot depends on how long the supplier plant is offline.
- [By Benzinga News Desk]
President Trump’s Department of Justice gave its expert witness a second chance on Tuesday to make a convincing case against AT&T’s (NYSE: T) proposed $85 billion buyout of CNN-owner Time Warner (NYSE: TWX): Link
US MBA mortgage applications w.e. 20 April -0.2% vs +4.9% prior
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
The Treasury is set to auction 5-year notes at 1:00 p.m. ET.
BMO upgraded Disney (NYSE: DIS) from Underperform to Market Perform
Stifel upgraded Alphabet (NASDAQ: GOOGL) from Hold to Buy
Jefferies downgraded Fiat Chrysler (NYSE: FCAU) from Buy to Hold
Stifel downgraded Floor & Decor (NYSE: FND) from Buy to Hold
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By Douglas A. McIntyre]
Fiat Chrysler Automobiles N.V.’s (NYSE: FCAU) Fiat brand posted a year-over-year drop in U.S. sales of 47% to 1,544. For the first three months, sales fell 44% to 4,014. Fiat is not a viable brand in America, and its parent will need to deal with that fact soon.
Hot Stocks To Own Right Now: Kona Grill Inc.(KONA)
- [By Lisa Levin] Gainers
Precipio, Inc. (NASDAQ: PRPO) jumped 43.3 percent to $0.5447 after the micro-cap specialty diagnostics company reported preliminary first-quarter results. The company said its first quarter revenue rose 286 percent from the same quarter a year ago to $712,000.
Galectin Therapeutics, Inc. (NASDAQ: GALT) gained 34.5 percent to $4.52 after the company announced it would proceed with Phase 3 development of GR-MD-02 for NASH Cirrhosis following the FDA meeting.
Boxlight Corporation (NASDAQ: BOXL) shares rose 21.9 percent to $8.1063.
Evolus, Inc. (NASDAQ: EOLS) shares surged 16 percent to $15.65.
Myomo, Inc. (NYSE: MYO) shares jumped 15.5 percent to $3.6263 after the company disclosed that its application for Medicare codes received favorable preliminary decision.
Tandem Diabetes Care, Inc. (NASDAQ: TNDM) rose 13.7 percent to $10.12.
ProPhase Labs, Inc. (NASDAQ: PRPH) gained 13.7 percent to $4.6743.
Acacia Communications, Inc. (NASDAQ: ACIA) shares gained 12.2 percent to $35.34 as optical sector is seeing strength following President Trump's announcement that he would work with China related to ZTE Corp.
Tailored Brands, Inc. (NYSE: TLRD) shares rose 11.3 percent to $35.17. Jefferies upgraded Tailored Brands from Hold to Buy.
Kona Grill, Inc. (NASDAQ: KONA) jumped 10.6 percent to $2.875.
Federated National Holding Company (NASDAQ: FNHC) shares rose 10.6 percent to $20.29. Raymond James upgraded Federated National Holding from Outperform to Strong Buy.
Renewable Energy Group, Inc. (NASDAQ: REGI) climbed 10.2 percent to $15.15. Renewable Energy will replace Synchronoss Technologies Inc. (NASDAQ: SNCR) in the S&P SmallCap 600 on Tuesday, May 15.
Stein Mart, Inc. (NASDAQ: SMRT) shares climbed 10.1 percent to $3.16. Stein Mart is expected to release Q1 earnings on May 23.
NXP Semiconductors N.V. (NASDAQ: NXPI) rose 9.7 percent to $108.60 after Bloomberg reported that the China’s Commerce Ministry has restar
Hot Stocks To Own Right Now: MicroStrategy Incorporated(MSTR)
- [By Ethan Ryder]
Get a free copy of the Zacks research report on MicroStrategy (MSTR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Stocks To Own Right Now: Fiesta Restaurant Group, Inc.(FRGI)
- [By Jeremy Bowman]
Shares ofFiesta Restaurant Group Inc.(NASDAQ:FRGI) were moving higher today after the parent of fast-casual chains Pollo Tropical and Taco Cabana posted better-than-expected results in its first-quarter earnings report. Margins improved at Pollo Tropical, and comparable sales increased at both chains in April after the quarter ended.
- [By Lisa Levin] Gainers
Integrated Media Technology Limited (NASDAQ: IMTE) rose 30.8 percent to $22.00 in pre-market trading after declining 18.63 percent on Monday.
Nevsun Resources Ltd. (NYSE: NSU) rose 14.5 percent to $3.40 in pre-market trading after Lundin Mining Corporation and Euro Sun Mining Inc. proposed to acquire Nevsun Resources for around C$1.5 billion.
Sharing Economy International Inc. (NASDAQ: SEII) rose 15.2 percent to $4.25 in pre-market trading after the company disclosed that it entered into a license agreement with Ecrent Capital Holdings Limited.
Veeco Instruments Inc. (NASDAQ: VECO) shares rose 14.1 percent to $19.50 in pre-market trading after reporting stronger-than-expected earnings for its first quarter.
Impinj, Inc. (NASDAQ: PI) rose 13.4 percent to $15.40 in pre-market trading after reporting Q1 results.
SandRidge Energy, Inc. (NYSE: SD) shares rose 13.2 percent to $16.45 in pre-market trading following Q1 results.
Blink Charging Co. (NASDAQ: BLNK) rose 12.6 percent to $4.55 in pre-market trading after jumping 171.14 percent on Monday.
Crocs, Inc. (NASDAQ: CROX) shares rose 10 percent to $16.66 in pre-market trading after the company reported better-than-expected earnings for its first quarter and issued strong sales forecast for the second quarter.
Pareteum Corporation (NASDAQ: TEUM) rose 9.7 percent to $3.05 in pre-market trading after announcing Q1 results.
Dean Foods Company (NYSE: DF) rose 8 percent to $9.00 in pre-market trading after reporting upbeat Q1 earnings.
Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) rose 7.3 percent to $23.45 in pre-market trading following Q1 results.
IAMGOLD Corporation (NYSE: IAG) rose 7.1 percent to $6.09 in pre-market trading after reporting upbeat Q1 earnings.
TC PipeLines, LP (NYSE: TCP) rose 6.4 percent to $27 in pre-market trading after gaining 2.08 percent on Monday.
Carrols Restaurant Group, Inc. (NASDAQ: TAST) rose 6.3 percent to $11.75 in pre-market trading fol
- [By Lisa Levin] Gainers
ProPhase Labs, Inc. (NASDAQ: PRPH) gained 50.7 percent to $4.34 after the company announced a special $1.00 per share cash dividend.
Impinj, Inc. (NASDAQ: PI) surged 28.4 percent to $17.44 after reporting Q1 results.
Cardlytics, Inc. (NASDAQ: CDLX) gained 22 percent to $17.945.
Care.com, Inc. (NYSE: CRCM) shares rose 19.3 percent to $18.92 following Q1 earnings.
Sharing Economy International Inc. (NASDAQ: SEII) jumped 19.1 percent to $4.3934 after the company disclosed that it entered into a license agreement with Ecrent Capital Holdings Limited.
Blink Charging Co. (NASDAQ: BLNK) rose 18.6 percent to $4.79 after jumping 171.14 percent on Monday.
IntriCon Corporation (NASDAQ: IIN) climbed 17.4 percent to $29.30 after reporting Q1 results.
Nevsun Resources Ltd. (NYSE: NSU) rose 16.2 percent to $3.45 after Lundin Mining Corporation and Euro Sun Mining Inc. proposed to acquire Nevsun Resources for around C$1.5 billion.
Tactile Systems Technology, Inc. (NASDAQ: TCMD) gained 15.4 percent to $42.61 following Q1 results.
eGain Corporation (NASDAQ: EGAN) gained 15.3 percent to $10.55 following Q3 earnings.
Dean Foods Company (NYSE: DF) rose 13.8 percent to $9.48 after reporting upbeat Q1 earnings.
Sterling Construction Company, Inc. (NASDAQ: STRL) shares surged 13.1 percent to $13.42 after reporting Q1 results.
USA Technologies, Inc. (NASDAQ: USAT) climbed 11.9 percent to $10.85 following better-than-expected Q3 earnings.
scPharmaceuticals Inc. (NASDAQ: SCPH) gained 11.2 percent to $14.45 following Q1 results.
Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) rose 10.2 percent to $24.08 following Q1 results.
Valeant Pharmaceuticals International, Inc. (NYSE: VRX) shares rose 7.9 percent to $19.60 as the company posted upbeat Q1 results and raised its outlook.
Carrols Restaurant Group, Inc. (NASDAQ: TAST) rose 7.7 percent to $11.90 following upbeat Q1 results.
Pareteum Corporation (NASDAQ: TEUM) rose 6.8 perc
- [By Logan Wallace]
Fiesta Restaurant Group (NASDAQ:FRGI)‘s stock had its “outperform” rating restated by equities research analysts at Wedbush in a research note issued on Tuesday, The Fly reports. They presently have a $29.00 target price on the restaurant operator’s stock, up from their prior target price of $24.00. Wedbush’s price target would indicate a potential upside of 32.72% from the stock’s current price.