This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks in Motion: Jarden

Shares of Jarden (JAH - Get Report) were among the NYSE's losers Thursday, hitting a 52-week low after the consumer-products maker warned that fourth-quarter earnings will be below Wall Street forecasts.

The company put adjusted earnings at 50 cents to 54 cents a share, with sales above $960 million. Analysts polled by Thomson First Call expected earnings of 66 cents a share on sales of $883.3 million. For all of 2005, the company sees adjusted earnings of $2.10 to $2.14 a share, below the $2.24 a share that analysts expected. Jarden said that fourth-quarter results were hampered by weaker-than-expected performance at its FoodSaver and Holmes businesses.

The company, meanwhile, projected earnings growth of at least 15% during 2006, and organic sales growth of 3% to 5%. Analysts forecast 2006 earnings of $2.52 a share. The stock, which earlier in the day tumbled 13% to a 52-week low of $26.50, recently rebounded somewhat to trade at $28.39, down $2.03, or 6.7%.

Borders Group (BGP) climbed 10% after the bookseller said that fourth-quarter earnings would be near the top end of its guidance. The company put earnings at $1.70 to $1.80 a share, up from an earlier view of $1.60 to $1.80 a share. Analysts expect earnings of $1.70 a share. Sales during the fourth quarter, meanwhile, are expected to be $1.3 billion. Analysts are looking for sales of $1.39 billion.

For all of 2005, Borders expects to report earnings of $1.35 to $1.45 a share. Previously, the company forecast earnings of $1.28 to $1.47 a share. Wall Street targets earnings of $1.38 a share. Borders also announced a new $250 million stock repurchase plan. Shares were recently up $2.19 to $24.60.

Shares of BorgWarner (BWA - Get Report) fell 4% after the maker of car transmissions issued a 2006 earnings guidance that fell below Wall Street's forecast. The company expects earnings of $4.22 to $4.57 a share. Excluding stock option expense, the company sees earnings of $4.39 to $4.74 a share. The forecast also includes the effect of weaker foreign currencies, which is expected to hurt earnings by 12 cents to 25 cents a share. Analysts are projecting earnings of $4.91 a share. The company predicts sales growth of 5% to 7%, or 9% to 11% when the impact of currency is stripped out. Wall Street targets sales of $4.8 billion. Shares were trading down $2.39 to $55.91.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMD $1.85 1.10%
BWA $43.50 0.00%
F $14.31 0.00%
GLW $17.81 0.00%
JAH $50.10 0.00%


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs