On February 12, CSX Corporation (CSX) announced that its Board of Directors authorized increases to both the quarterly dividend and the share repurchase program. CSX shareholders will receive a 10% increase in the quarterly dividend this March. In addition, the Board of Directors increased the authorization for share repurchases to $5 billion. Sonal detected […]
On February 13, Genesco, Inc. (GCO) announced that it is beginning a formal process of exploring the sale of its Lids Sports Group business line. The company believes the sale would allow it to focus on its core competency, the footwear market. Genesco has appointed four independent directors to explore its divestiture options. Sonal […]
Blue Bird Corporation (BLBD) announced positive financial results on February 7. The company’s net sales for the first fiscal quarter of 2018 were 19% higher compared to the same time during the previous year. The company increased its earnings guidance for 2018 to between $1,010 million and $1,040 million in net sales. Sonal detected […]
Hilton Worldwide Holdings Inc. (HLT) reported fourth-quarter and 2017 annual earnings on February 14. Fourth-quarter EPS were $2.61 compared to a loss of $1.20 per share during the fourth quarter of the previous year. Net income was $841 million for the quarter and $1,264 million for the year. Hilton expects net income of between $802 […]
Kforce Inc. (KFRC) reported fourth-quarter results on February 6. Fourth quarter revenue increased 3.7% from the previous quarter and 5.1% from the fourth quarter in the previous year. Kforce is a provider of professional staffing services and solutions. Sonal received the news and alerted subscribers at 4:01 pm. The next trade took place at 4:22 […]
On February 14, Celgene Corporation (CELG) announced that the company’s Board of Directors authorized an additional $5 billion for share repurchases. The authorization is effective immediately for management to use at its discretion. Celgene is an integrated global biopharmaceutical company. Sonal detected the event and sent an alert to subscribers at 7:30 am. The […]
On February 12, Chegg, Inc. (CHGG) reported its 2017 Q4 and annual earnings. Total net revenue for the year 2017 was flat from the previous year, but fourth-quarter revenue increased 17% from the previous year. Encouraged by the strong growth, Chegg increased its revenue guidance for the first quarter to between $73 million and $75 […]
On February 12, CSX Corporation (CSX) announced that the company would increase its quarterly dividend paid to shareholders in March from $0.20 to $0.22. In addition, the Board of Directors authorized an increase in the current share repurchase program. CSX expects to complete its $5 billion share repurchase program by the end of 2019. […]
The January 2018 scorecard for the signals generated from Sonal can be downloaded here. The results are summarized in this table: Scorecard Total Repurchases M&A Guidance Contracts Clinical Trials Correct – Prev Close to Next Close 64% 52% 94% 50% 62% 70% Correct – Prev Close to Next Session Peak 91% 76% 94% 83% 97% […]
On February 5, Harley-Davidson, Inc. (HOG) announced that the company would pay shareholders a dividend of $0.37 for the first quarter of 2018. In addition, the Board of Directors authorized a program allowing the company to repurchase up to 15 million shares of its common stock. This repurchase program is in addition to an existing […]
Skyworks Solutions, Inc. (SWKS) announced on February 5 that its Board of Directors authorized a new share repurchase program. This repurchase program replaces a $500 million share repurchase program that had been authorized on January 17, 2017, and had about $2 million left unused. The new program authorizes up to $1 billion of share repurchases […]
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