The retailer reported last month fourth-quarter earnings of $81 million, or 53 cents a share, up from year-earlier earnings of $57 million, or 36 cents."Following meetings with management, we believe lightweight running continues to drive above forecast comps at FL, led by key Nike styles (including Free) and no signs of customer resistance to higher price points," Bank of America Merrill Lynch analysts wrote in a March 23 report. "The outlook for footwear comps thru 2012 should be supported by: (1) expanding offerings of higher price point Nike Free and Lunar styles; (2) the anticipated launch of Nike Flyknit and Nike+ Bball sneakers in Aug; (3) upticking momentum in Bball that should also benefit from an extra 2 months of the NBA season this yr (vs a delayed season in 2011); and (4) a potential acceleration in Europe as FL benefits from recent improving access to Nike Free and Lunar inventory as well as the upcoming Olympics/EuroCup." Forward Annual Dividend Yield: 2.3% Rated "A+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was about the same as it was last year. Foot Locker has strong liquidity. Its Quick Ratio is 1.64, which shows the company can meet its short-term cash needs. In the fourth quarter, stockholders' net worth increased 4.19% from the prior year. TheStreet Ratings' price target is $41.21.
General Dynamics The defense company is scheduled to report first-quarter earnings on April 24. Analysts, on average, anticipate earnings of $1.71 a share on revenue of $7.97 billion. "We are adjusting our EPS estimates for General Dynamics to reflect the ongoing fiscal pressures facing the Army, "Jefferies analysts wrote in a March 5 report. "Near-term funding constraints are likely to limit EPS growth for the company. We continue to recommend the shares, but recognize that the company is facing a challenging operating environment. Our EPS Estimates for 2012 and 2013 have been revised downward to $7.40 and $7.70 from $7.45 and $8.00." Forward Annual Dividend Yield: 2.8% Rated "B+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the prior year. General Dynamics has weak liquidity. Its Quick Ratio is 0.64, which demonstrates a lack of ability to meet its short-term cash needs. In the fourth quarter, stockholders' net worth was about the same as it was the last year. TheStreet Ratings' price target is $82.93.
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