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New York, NY -- (SBWIRE) -- 11/01/2012 -- The Warnaco Group, Inc. (WRC) issued an update on its FY12 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.00-4.25 for the period.Shares of The Warnaco Group, Inc. (WRC) traded up 37.15% during mid-day trading on Wednesday, hitting $69.78. The Warnaco Group, Inc. (WRC) has a one year low of $39.19 and a one year high of $60.69. The company has a market cap of $2.852 billion and a P/E ratio of 25.85.The Warnaco Group last issued its quarterly earnings data on Monday, August 6th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.08. The Warnaco Group’s revenue was down 4.6% compared to the same quarter last year. On average, analysts predict that The Warnaco Group, Inc. (WRC) will post $4.02 earnings per share for the current fiscal year.
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PVH Corp. (NYSE:PVH) , whose brands include Calvin Klein and Tommy Hilfiger, has agreed to buy rival clothier The Warnaco Group Inc. in a cash-and-stock deal worth about $2.9 billion. The deal would create one of the world's largest clothing companies and cement PVH's control of the Calvin Klein clothing brand.Warnaco already sells Calvin Klein jeans and underwear, the brand's two largest categories, under a license and also sells brands such as Speedo, Warner's and Olga.The deal is the second big acquisition in three years for PVH, formerly known as Phillips Van Heusen. PVH acquired Tommy Hilfiger in 2010 for $3 billion.Both companies' stock prices got a big boost from the deal. PVH's shares jumped $18.49, or 20.2 percent, to close at $109.99 Wednesday. Warnaco shares rose $19.70, or 39 percent, to $70.58.PVH said Wednesday it will pay Warnaco shareholders $51.75 in cash and a portion of its stock for each Warnaco share. That puts the total per-share value at $68.43, a 34 percent premium over the company's closing price on Friday, the last day markets were open before storms battered the East Coast.
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Generac Holdings Inc. (NYSE:GNRC) is a developer and producer of a range of turbines and other engine operated items for the personal, light commercial, commercial and development marketplaces. The Organization styles, produces, resources and adjusts google, alternators, automated exchange changes and other elements necessary for its items. Generac Holdings Inc. (NYSE:GNRC) revealed third one fourth modified net income of $0.78 per discuss Wed day, up from $0.75 per discuss in the before the season. The agreement calculate was for EPS of $0.71. The firm also improved its 12 months modified EPS prediction to between $2.95 and $3.00, from before objectives of $2.65 to $2.70. The agreement calculates is for EPS of $2.66. Generac Holdings gapped open considerably higher Wed day and is now up 4.52 at $32.85 an above average amount. The stock has damaged out past level of resistance and has set a new high for the season.
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Barnes & Noble Inc. (NYSE:BKS) announced that its subsidiary, NOOK Media LLC, will bring even more popular standard and HD movies and TV shows to its NOOK Video through newly announced content licensing partnerships with major studios and content providers including NBCUniversal and 20th Century Fox Home Entertainment. Shares of Barnes & Noble, I (NYSE: BKS) am trading at $16.84 and is +38.57% of its 50-day Moving Average price of $12.153 and +15.37% from its 200-day Moving Average price of $14.5965. The average trading volume is 1029970 shares and its market capitalization is $990.2M.
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