Home Depot (HD) Getting Most Active With Tyson Foods (TSN), Office Depot (ODP), Merck & Co. Inc. (MRK)

Home Depot Inc. (HD) declared first quarter EPS of $1.00 Tuesday morning, set side by side to $0.83 in the previous year. The consensus estimate was for EPS of $0.99. Looking ahead to fiscal 2014, Home Depot now projects EPS to be up all over 17.6 percent to $4.42, compared to prior guidance of growth of 16.5 percent to $4.38. The consensus estimate is for EPS of $4.42. Home Depot gapped open higher Tuesday, but traded in a range for the bulk of the session. The Home Depot, Inc. (NYSE:HD), Home Improvement Stores company, swung 0.86% in last regular trading to $80.71. The stock is priced with the difference of 4.17% 200-day simple moving average and 3.25% 50-day moving average. Market capitalization of The Home Depot, Inc. is worth nearly $110380.61 million. The stock is currently trading at a P/E multiple of 20.59x with 1.27x PEG Ratio. HD showed 1.13% weekly performance. We recommend to ‘Buy’ the stock.

Board of Hillshire Brands Co. (HSH), the maker of Jimmy Dean sausages and Ball Park hot dogs, Monday stated it has withdrawn its recommendation of the pending acquisition of Pinnacle Foods Inc. (PF), in the light of Tyson Foods Inc.’s (TSN) hefty equip to accrue Hillshire. “The Hillshire Brands board now recommends a vote counter to the Pinnacle Foods transaction,” the company noted in a statement. Last Monday, Tyson sweetened its bid for Hillshire Brands to $63 per share, valuing the provide at approximately $8.55 billion, containing debt. In early May, Hillshire agreed to lift Pinnacle Foods, the maker of Birds Eye frozen foods, Duncan Hines baking mixes and frostings, and Vlasic shelf-stable pickles, in a cash and stock transaction with a total enterprise value of $6.6 billion. However, late May, Pilgrim’s Pride (PPC), a unit of Brazilian meat giant JBS SA, made an unsolicited bid to nab Hillshire for $45 a share in cash. Tyson Foods Inc. (NYSE:TSN), Meat Products company, soared 1.61% in last trading session and ended the day on $36.04. The stock is trading -18.38% below its 52-week high and 46.79% above its 52-week low. Company’s forward price to earnings ratio is 11.37x with-34.10% EPS growth and -46.10% Sales growth quarter over quarter. TSN’s year to date performance is 8.10%. Investment experts consider it a ‘Hold’ stock.

Office Depot Inc. (ODP) reported first quarter adjusted EPS of $0.07 Tuesday morning, which topped the consensus estimate of $0.03. Looking earlier for fiscal 2014, Office Depot now expects to generate adjusted operating income of not less than $160 million in 2014 evaluated with its prior outlook of not less than $140 million. Office Depot also anticipates closing of at least 400 stores by the end of 2016 as soon as the completion of the preliminary analysis of the company’s U.S. Office Depot, Inc. (NYSE:ODP), Specialty Retail, Other, is currently trading at $5.81, which escalated 2.47%. The stock is trading -0.68% below its 52-week high and 54.11% above its 52-week low. ODP’s return on investment is -9.70%. Company’s 96.90% shares are under accumulation by financial institutions compare to 0.70% by insiders. ODP’s yearly performance is 34.80%. Analysts rate it a ‘Hold’ stock.

Shares of Endocyte Inc (ECYT) sank 17 percent in extended-hours trade on Tuesday immediately it unveiled that Merck (MRK) has decided to abandon the development of cancer treatment vintafolide. Endocyte also regains globally rights to vintafolide for all indications from Merck. Endocyte shares have tended to ebb and flow on announcements related to vintafolide. Merck & Co. Inc. (NYSE:MRK), Drug Manufacturers – Major company, boosted 0.60% in last regular trading to $58.41. The stock is priced with the difference of 13.47% 200-day simple moving average and 3.12% 50-day moving average. MRK’s return on investment is 6.60%. Company’s 75.70% shares are under accumulation by financial institutions compare to 0.03% by insiders. MRK’s yearly performance is 26.46%. Analysts rate it a ‘Hold’ stock.

About

Jason Tolbert is a stock analyst with The Downtown Leader. If you have a great story idea for Jason Tolbert, you can write at [Jason.Tolbert@downtownleader.com ].

POST YOUR COMMENTS