Orlando, FL -- (SBWIRE) -- 09/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On D.R. Horton, Inc.(NYSE:DHI), ConAgra Foods, Inc. (NYSE:CAG).
D.R. Horton, Inc.(NYSE:DHI) shares declined 1.14% to $19.14. On Sep 12, Zacks reverted to a Neutral recommendation on D.R. Horton Inc. (DHI) from Outperform following mixed results for fiscal third-quarter 2013. Separately, DHI’s stock was downgraded by stock analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report issued on Sept. 10.
Additionally, the company on July 31 announced that it has priced a registered underwritten public offering of $400 million aggregate principal amount of 5.750% senior notes due 2023. The senior notes will pay interest semi-annually at a rate of 5.750% per year and will mature on August 15, 2023. The closing of the offering is expected to occur on August 5, 2013, subject to customary closing conditions. D.R. Horton will use the net proceeds of the offering for general corporate purposes.
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ConAgra Foods, Inc. (NYSE:CAG) shares gained 0.35% to $31.88. The company on Sept. 13 announced today that it has been named to the Dow Jones Sustainability North America Index for the third consecutive year.
Recognized worldwide, Dow Jones Sustainability Indices measure the performance of the world's sustainability leaders. Companies are selected for the indices based on a comprehensive assessment of long-term economic, environmental and social criteria.
Additionally, the company on Sept. 10 revised its fiscal 2014 diluted EPS expectations to a range of $2.34-$2.38, adjusted for items impacting comparability; the prior target was diluted EPS of approximately $2.40, adjusted for items impacting comparability. The revised estimates represent 8-10% growth over comparable fiscal 2013 EPS of $2.16 (as reported, fiscal 2013 diluted EPS was $1.85). The revised outlook reflects lower-than-planned fiscal first-quarter EPS. First-quarter EPS was $0.33 as reported, and $0.37 adjusted for items impacting comparability.
Is CAG going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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