Stocks To Watch: Peabody Energy, Sirius XM Radio, Fifth Third Bancorp, Charles Schwab and D.R. Horton
Peabody Energy Corporation (NYSE:BTU) rose 3.01% to US$31.11 on over 8.99 million shares, compared to its average volume of 8.72 million shares. Recently, the company reported that net earnings were US$172.7 million, or 63 cents per share, compared with US$176.5 million, or 65 cents per share, in the same quarter of 2011. Excluding one-time items, the company earned 67 cents per share, topping analysts' average forecast by 14 cents. First-quarter revenue rose 17% to US$2.04 billion, driven by a 27% increase in Australian sales per ton and a 7% rise in U.S. sales per ton. Sales volumes of 61.7 million tons were above prior year sales of 61.2 million tons. Revenues in Australia climbed 48% on higher realized pricing for both metallurgical and thermal coal and an 18% increase in sales volumes. Australian shipments totaled 6.6 million tons, including 2.9 million tons of metallurgical coal and 2.6 million tons of seaborne thermal coal. The company said weak electricity demand in the United States and power producers' switching to natural gas would hurt demand for its coal and it is negotiating with customers for lower shipments this year.
Sirius XM Radio Inc. (NASDAQ:SIRI) gained 2.04% to US$2.26 on over 8.99 million shares, compared to its average volume of 8.72 million shares. The company is scheduled to report first quarter 2012 results on Tuesday, May 1, 2012, after market close. Analysts are estimating the company to report profit of US$0.02 a share, compared to a year ago profit of US$0.01 a share. Revenue is expected to jump by 10.90% to US$803 million, from US$723.84 million a year ago. Sirius XM Radio Inc. broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices. As of December 31, 2011, it had 21,892,824 subscribers. Its subscribers include subscribers under its regular and discounted pricing plans; subscribers that have prepaid, including payments made or due from automakers for subscriptions included in the sale or lease price of a vehicle; radios activated for daily rental fleet programs, and subscribers to its Internet services who do not also have satellite radio subscriptions.
Fifth Third Bancorp (NASDAQ:FITB) lost 1.15% to US$14.23 on over 10.80 million shares, compared to its average volume of 13.45 million shares. Last week, the bank said that it will repurchase US$75 million of its stock on April 26, according to a new Securities and Exchange Commission filing. The bank holding company has agreed on a deal with Goldman, Sachs & Co. to be completed on that date. Triangle Business Journal reported in March that Cincinnati-based Fifth Third had started identifying and buying up sites for an aggressive expansion of its Triangle branch network. As of June 30, 2011, Fifth Third had five Triangle offices and almost US$104 million in deposits in the area. Fifth Third Bancorp is a diversified financial services company. As of December 31, 2011, the Bancorp had US$117 billion in assets, operated 15 affiliates with 1,316 full-service Banking Centers, including 104 Bank Mart locations open seven days a week inside select grocery stores, and 2,425 automated teller machines (ATMs) in 12 states throughout the Midwestern and Southeastern regions of the United States. The Bancorp operates in four business segments:
The Charles Schwab Corporation (NYSE:SCHW) slid 0.21% to US$14.28 on over 10.15 million shares, compared to its average volume of 15.97 million shares. Schwab, Charles sold 2,250,000 shares at market prices between US$13.79 and US$13.93 on Apr 24th 2012, for a total cost of US$31,163,450. He also sold 1,750,000 shares at market prices between US$13.74 and US$14.03 on Apr 20th 2012, for a total cost of US$24,333,750. Lately, the company reported a 20% decline in first-quarter profit, as expected, partly because of lower asset management fees and higher expenses, but the firm said its outlook was improving. Schwab said it earned US$195 million, or 15 cents a share, down from US$243 million, or 20 cents a share, in the period a year earlier. It met Wall Street’s expectations. Asset management fees were down 4% at US$484 million. Expenses rose 8%, to US$876 million, with compensation and benefits expenses up 6% at US$465 million.
D.R. Horton, Inc. (NYSE:DHI) fell 0.97% to US$16.35 on over 6.81 million shares, compared to its average volume of 9.28 million shares. Recently, the company suspending its practice of keeping the rights to drill for natural gas underneath the new homes it sells in North Carolina. Pressure had been mounting on the Fort Worth, Texas-based company due to a public outcry, as well as inquiries launched by the state's Department of Justice and its Real Estate Commission. Both agencies were reviewing the way the homebuilder was reserving the legal right to drill for natural gas, minerals, and other resources underneath the homes it was selling across its subdivisions in the state.