Thursday, August 9, 2012

Alpha Natural Rebound 15% (WIN, ANR, PHM, MNST, BZH)

Alpha Natural Resources, Inc. (NYSE:ANR) shares climbed 15.50% to $7.28 after plunging 10% in yesterday's session. Yesterday, the company reported a second-quarter net loss of $2.2 billion or $10.14 per share, compared with a loss of $50 million or $0.32 per share in the previous year. Adjusted net loss was $72.3 million or $0.33 per share. Total revenues for the quarter climbed to $1.85 billion from $1.60 billion in the 2011 second quarter. Analysts expected loss per share of $0.33 on revenues of $1.78 billion.

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Beazer Homes USA, Inc. (NYSE:BZH) shares increased 5.06% to $2.81. On August 6, 2012, Credit Suisse raised Beazer Homes rating from underperform to neutral with a target price of $2.50. The broker said it expected improving sales and operating margin to narrow losses. Credit Suisse estimates Beazer's full year results to report a loss of $1.20 a share from a loss of $1.18. Beazer Homes reported last week a loss of $39.9 million, or 40 cents a share, in its fiscal third-quarter.

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Monster Beverage Corp (NASDAQ:MNST) shares declined 7.58% to $62.63 after the company reported a second quarter profit of $109.8 million, or $0.59 a share, up from $84.2 million, or $0.45 a share, in the same period a year earlier. Revenue increased 28% to $592.6 million for the quarter. Analysts most recently projected earnings of $0.61 a share on revenue of $596 million. Gross margin fell to 51.8% from 52.8%.

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Windstream Corporation (NASDAQ:WIN) stock fell 8.33% to $9.21 after the company posted second quarter net income of $54.2 million or $0.09 per share from $96.7 million or $0.19 per share reported last year. Adjusted earnings per share would have been $0.12. Analysts expected the company to report earnings of $0.13 per share for the quarter. Total revenues and sales grew 49% to $1.54 billion from $1.03 billion in the year-ago quarter, which was in line with analysts' estimates.

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PulteGroup, Inc. (NYSE:PHM) shares climbed 4.22% to $12.60 after the shares of the company was upgraded by JPMorgan Chase from a “neutral” rating to an “overweight” rating in a research note issued today. A number of other firms have also recently commented on PHM. Analysts at Williams Financial Group raised their price target on shares of PulteGroup from $11.00 to $13.00 in a research note to investors on Monday, July 30.

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