Stocks to Watch
Stock Report October 6th, 2009
Among the shares expected to see active trade in Wednesday’s session are those of Bed Bath & Beyond Inc., Family Dollar Stores Inc. and Monsanto Co.
Bed Bath & Beyond (BBBY 38.69, +0.02, +0.05%) is expected to report third-quarter
earnings of 44 cents a share, according to a consensus survey by FactSet Research.
Family Dollar (FDO 27.70, +0.21, +0.76%) is projected to post earnings of 47 cents a
share in the first quarter, according to a survey by Thomson Reuters.
Monsanto (MON 85.20, -0.07, -0.08%) is forecast to break even in the first quarter,
according to FactSet Research.
Worthington Industries Inc. (WOR 13.87, -0.01, -0.07%) is likely to post earnings of 7 cents
a share in the second quarter, according to a FactSet survey.
After Tuesday’s closing bell, Beazer Homes USA Inc. (BZH 5.00, -0.42, -7.75%) said it will
launch a secondary offering of stock and notes. The home builder said it will issue 18 million shares of common stock and $50 million in convertible notes. Underwriters will get 15% more shares and notes to cover overallotments. Separately, Beazaer said that new home orders rose 36.6% to 728 and closings increased 8% to 961 homes for the quarter ended Dec. 31.
Mosaic Co. (MOS 62.90, -0.25, -0.40%) said its fiscal second-quarter profit fell to $107.8
million, or 24 cents a share, from $959.8 million, or $2.15 a share, in the year-ago period. Revenue fell to $1.71 billion from $3.01 billion last year. Analysts surveyed by FactSet Research estimated a quarterly profit of 39 cents a share on revenue of $1.67 billion.
