L-3 Communications Beats Expectations and 4 Stocks Enjoying 52-Week Highs
Idacorp (NYSE:IDA) reports a Q3 EPS of $1.84, consensus $1.53. The shares closed at $44.80, up $0.08 or 0.18 percent on the day. They have traded in a 52-week range of $38.17 to $44.96.
Jda Software Group (NASDAQ:JDAS) and RedPrairie announced that JDA and RedPrairie affiliates have entered into a definitive merger agreement. Together, the companies intend to offer a broad portfolio of solutions and services for the management of global supply chains through any channel. Beneath the merger agreement’s terms, entities that are affiliated with RedPrairie will effect a cash tender offer for the acquisition of all outstanding shares of JDA common stock for $45 per share. The $45 per share offer price is a 33 percent premium to JDA’s stock price on October 26, 2012, whichis the day before market rumors began that claimed that JDA was considering a sale. Additionally, the offer price represents a 16 percent premium to JDA’s all-time high stock price. The transaction has a total enterprise value reaching about $1.9 billion. JDA’s Board of Directors approved the transaction, which is to create one of the largest global software companies with combined revenues surpassing $1 billion. After the transaction is completed, Hamish Brewer is expected to take the head [position of CEO for the combined company. The shares closed at $44.76, up $6.61 or 17.33 percent on the day. They have traded in a 52-week range of $23.95 to $34.65.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
L-3 Communications (NYSE:LLL) reports a Q3 revenue of $3.3 billion, consensus $3.25 billion. The 2012 Q3 included a tax benefit of $0.11 per diluted share. The shares closed at $74.85, up $1.05 or 1.42 percent on the day. They have traded in a 52-week range of $62.42 to $75.00.
Lloyds Banking Group (NYSE:LYG) stated that the volume of complaints that were received concerning legacy Payment Protection Insurance, or PPI, business in Q3 decreased versus the previous quarter. The bank went continued by stating, “However, it remained above the level which we anticipated at the time of our half-year results and as a result the Group believes it is appropriate to increase its provision for expected PPI costs by 1 billion. This increases the expected cost of contact and redress, including administration expenses, to 5.3 billion, while costs incurred to the end of September 2012 amounted to 3.7 billion.” The shares closed at $2.82, up $0.2 or 7.63 percent on the day. They have traded in a 52-week range of $1.33 to $2.75.
M.D.C. Holdings (NYSE:MDC) reports a backlog of 1,997 homes, which has risen 52 percent, and the backlog dollar value has seen a 65 percent rise to $667 million at the end of Q3. The shares closed at $40.56, up $2.32 or 6.07 percent on the day. They have traded in a 52-week range of $16.10 to $41.29.