Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- vb-news.net, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Louisiana-Pacific Corporation (NYSE:LPX) shares climbed 3.60% and closed at $21.28. Deutsche Bank reiterated its Hold rating on Louisiana-Pacific Corporation and raised its price target from $18.00 to $20.00 on Feb. 13.
Additionally, the company reported total sales for the fourth quarter of $459 million, 47 percent higher than the year ago quarter, and total sales for the year were $1.7 billion, 27 percent higher than the previous year. Adjusted EBITDA from continuing operations for the fourth quarter was $71 million compared to a loss of $12 million in the fourth quarter of 2011. For the year, EBITDA from continuing operations was $203 million compared to a loss of $5 million the previous year.
How Should Investors Trade LPX After The Solid Jump? Let’s Find Out Here
Xerox Corporation (NYSE:XRX) shares jumped 3.57% and closed at $8.12 in the last trading session. The company’s board of directors, on Feb. 20, declared a 35 percent increase in the company's quarterly cash dividend to 5.75 cents per share on Xerox common stock. The dividend is payable on April 30, 2013 to shareholders of record on March 28, 2013. The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on April 1, 2013 to shareholders of record on March 15, 2013.
Is XRX Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Crocs, Inc. (NASDAQ:CROX) shares gained 3.56% to $15.43. The company, on Feb. 20, announced that for the first quarter of 2013, it expects revenue between $305 million and $310 million and diluted earnings per share between $0.32 and $0.34. Analysts were expecting the Company to report revenue of $309 and EPS of $0.38 for first quarter of 2013.
Is CROX Buy After The Recent Price Movement? Find Out Here
United Rentals, Inc. (NYSE:URI) shares increased 3.47% to $52.71. URI‘s stock had its “hold” rating reaffirmed by TheStreet in a research note issued on Feb. 15.
Additionally, the company, on Jan. 23, reported fourth quarter net income from continuing operations of $41 million or $0.40 per share, higher than $29 million or $0.39 per share in the prior-year quarter. Adjusted earnings from continuing operations for the quarter were $1.27 per share. Analysts expected the company to report earnings of $1.01 per share for the fourth quarter. Total revenues for the quarter surged to $1.25 billion from $746 million in the same quarter last year, but missed analysts' consensus estimate of $1.26 billion by a whisker.
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