Earnings Releases, New Policies, Discontinuing Operations, and Updates - Analyst Notes on Hershey, Colgate-Palmolive, Avon, Coca-Cola Enterprises and Toll Brothers
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NEW YORK, April 29, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Hershey Co. (NYSE: HSY), Colgate-Palmolive Co. (NYSE: CL), Avon Products Inc. (NYSE: AVP), Coca-Cola Enterprises Inc. (NYSE: CCE) and Toll Brothers Inc. (NYSE: TOL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1820-100free.
Hershey Co. Analyst Notes
On April 24, 2014, Hershey Company (Hershey) announced financial results for Q1 2014. The Company stated that its net sales during the quarter were weaker-than-expected at $1.9 billion versus $1.8 billion in Q1 2013, weighed down by irregular purchase patterns within the traditional food and mass channels and lower consumer trips in the instant consumable channels. Hershey stated that its business in Mexico was impacted by macroeconomic challenges and new tax legislation on certain food products while Brazil was off due to volume elasticity related to a price increase. Reported net income during the quarter was $252.5 million, or $1.11 per diluted share, compared to $241.9 million, or $1.06 per diluted share, in Q1 2013. Hershey's Q1 2014 adjusted EPS of $1.15 missed the Zacks consensus estimate of $1.16 by a cent. Looking ahead, Hershey expects full-year 2014 EPS-diluted of $3.99 to $4.08, with 5-7% YoY increase in net sales. The full analyst notes on Hershey are available to download free of charge at:
http://www.analystsreview.com/1820-HSY-29Apr2014.pdf
Colgate-Palmolive Co. Analyst Notes
On April 24, 2014, Colgate-Palmolive Co. (Colgate-Palmolive) announced a new policy on 'No Deforestation,' including a pledge to attain complete traceability of its palm oil supply back to the plantation by 2015. According to the Company, the policy highlights its commitments to responsibly source the forest commodities of pulp and paper, palm oil and derivatives, soy and soy oil and beef tallow and is a significant part of the Company's approach to battle climate change and biodiversity damage. Ian Cook, Chairman, President and CEO of Colgate-Palmolive, said, "Our values of Caring, Global Teamwork and Continuous Improvement are the foundation of our sustainability commitments. This policy reflects our values and our commitment to grow the business ethically and responsibly." The full analyst notes on Colgate-Palmolive are available to download free of charge at:
http://www.analystsreview.com/1820-CL-29Apr2014.pdf
Avon Products Inc. Analyst Notes
On April 22, 2014, Avon Products, Inc. announced its decision to cease operations in Bolivia by the end of July 2014, on account of several years of underperformance and in order to focus resources on important markets with a greater potential for growth. According to Avon Products, this decision is in line with changes made by the Company in Latin America and is aimed at moving the business through stabilization towards growth. The Company's Q1 2014 results are anticipated on May 1, 2014. The full analyst notes on Avon are available to download free of charge at:
http://www.analystsreview.com/1820-AVP-29Apr2014.pdf
Coca-Cola Enterprises Inc. Analyst Notes
On April 24, 2014, Coca-Cola Enterprises Inc. (Coca-Cola) released its financial results for Q1 2014 and surpassed the street's estimates with net income rising to $115 million, or $0.44 per diluted share, from $61 million, or $0.21 per diluted share, in Q1 2013. The Company's earnings per share, on comparable basis, stood at $0.46, which beat the Reuters' analyst consensus estimate of $0.44. Net sales during the quarter stood at $1.9 billion, up 1.1% YoY on reported basis, or down 2.5% on currency neutral basis. Commenting on the performance, the Company's Chairman and CEO, John F. Brock said, "Our results for the first quarter, our smallest of the year, were impacted by a combination of operating and marketplace factors and the timing of the Easter holiday." Looking ahead, the Company expects net sales to grow in a low single-digit range in full-year 2014. The stock closed at $46.51, up 3.29%. The full analyst notes on Coca-Cola Enterprises are available to download free of charge at:
http://www.analystsreview.com/1820-CCE-29Apr2014.pdf
Toll Brothers Inc. Analyst Notes
On April 24, 2014, the stock of Toll Brothers Inc. (Toll Brothers) gained 3.33% to end the session at $34.78, compared to the broad market index NYSE composite, which ended the session lower by 0.06%. The stock of Toll Brothers opened at $34.10 and oscillated in the range $33.57 - $35.10. Trading volume of 5.43 million was observed during the day which was more than the previous session's 3.70 million. Toll Brother's stock has gained 2.87% in the last six months, compared to the NYSE composite that has gained 5.19% during the same time period. The full analyst notes on Toll Brothers are available to download free of charge at:
http://www.analystsreview.com/1820-TOL-29Apr2014.pdf
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