Technical Updates, Financial Results Releases, Conference Highlights, and Strategic Agreements - Analyst Notes on LVS, Walgreens, Dillard's, Fiserv and Darden
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NEW YORK, May 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Las Vegas Sands Corp. (NYSE: LVS), Walgreen Co. (NYSE: WAG), Dillard's Inc. (NYSE: DDS), Fiserv, Inc. (NASDAQ: FISV) and Darden Restaurants, Inc. (NYSE: DRI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2748-100free.
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Las Vegas Sands Corp. Analyst Notes
On May 16, 2014, the shares of Las Vegas Sands Corp. (LVS) declined 0.34% to end the day at $73.16. During the session, the Company's shares opened at $73.23 and fluctuated in the range of $72.03 - $73.45. A total of 4.99 million shares changed hands during the session. Over the past 12 months, the shares of the Company increased 24.76%, outperforming the broader market index S&P 500, which increased 12.61% during the same period. LVS released its Q1 2014 financial results on April 24, 2014 and surprised the street with better-than-expected growth in adjusted net income, driven mainly by the strong operating results from the Company's Macao property portfolio. LVS posted an adjusted diluted EPS of $0.97 in Q1 2014, beating the Bloomberg's consensus estimate of $0.94. The full analyst notes on LVS are available to download free of charge at:
http://www.analystsreview.com/2748-LVS-21May2014.pdf
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Walgreen Co. Analyst Notes
On May 16, 2014, Walgreen Co.'s (Walgreens) stock ended 0.50% lower, closing the day at $67.77. During the session, the Company's shares opened at $68.00 and oscillated in the range of $67.57 - $68.59. Walgreens traded a total of 4.73 million shares during the session. Over the past 12 months, the shares of the Company increased 36.60%, as compared to the Dow Jones Industrial Average Index which increased 7.40% during the same period. The full analyst notes on Walgreens are available to download free of charge at:
http://www.analystsreview.com/2748-WAG-21May2014.pdf
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Dillard's Inc. Analyst Notes
On May 15, 2014, Dillard's Inc. (Dillard's) reported its financial results for Q1 FY 2014 (period ended May 3, 2014). During the quarter, the net sales were reported at $1.6 billion, up 0.14% YoY. Net income for Q1 FY 2014 came in at $111.7 million, or $2.56 per diluted share, as compared to $117.2 million, or $2.50 per diluted share, in Q1 FY 2013. On average, six analysts surveyed by Thomson Reuters expected the Company to report earnings of $2.41 per share for the quarter (excluding special items). On May 16, 2014, the shares of Dillard rallied 14.91% to close at $111.00, cheering the better-than-expected growth in net income. The full analyst notes on Dillard's are available to download free of charge at:
http://www.analystsreview.com/2748-DDS-21May2014.pdf
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Fiserv, Inc. Analyst Notes
On May 15, 2014, Fiserv, Inc. (Fiserv) announced that George W. Bush, the 43rd President of the U.S., addressed an audience of more than 4,000 financial services professionals at Forum, its spring client conference held from May 12, 2014 to May 15, 2014 in Las Vegas. At the conference, President Bush shared insights on world events, leadership and the intersection of financial services, public policy and government. The Company informed that the format was driven by topics requested by attendees and moderated by Jeff Yabuki, President and CEO of Fiserv, who opened the conference. Further, Ron Johnson, the visionary retail executive who launched Apple's entry into retail with such concepts as the Genius Bar, also addressed the conference's opening session. The full analyst notes on Fiserv are available to download free of charge at:
http://www.analystsreview.com/2748-FISV-21May2014.pdf
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Darden Restaurants, Inc. Analyst Notes
On May 16, 2014, Darden Restaurants, Inc. (Darden) announced that the Company has entered into an agreement to sell its Red Lobster business and certain other related assets and assumed liabilities to Golden Gate Capital for $2.1 billion in cash. The Company expects to receive net cash proceeds, after tax and transaction costs, of approximately $1.6 billion, of which approximately $1.0 billion will be used to retire outstanding debt. The remaining net proceeds of approximately $500 million to $600 million will be utilized for a new share repurchase program of up to $700 million in FY 2015. Chuck Ledsinger, Lead Director, Darden's Board of Directors, commented, "The structure of the agreement enables us to capture the value of Red Lobster and establish a market validated valuation of its real estate, while also enabling us to avoid the risks associated with continuing to operate the business in the current challenging environment." The full analyst notes on Darden are available to download free of charge at:
http://www.analystsreview.com/2748-DRI-21May2014.pdf
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