On Jan. 30, wireless technology specialistQualcomm(NASDAQ:QCOM) announced its financial results for the first quarter of its fiscal 2019. The company’s revenue came in at $4.8 billion and its non-GAAP earnings per share reached $1.20. CEO Steve Mollenkopf said the revenue was in line with company guidance, while the EPS was $0.10 above the midpoint of its guidance range.
The company expects revenue for the second quarter to come in between $4.4 billion and $5.2 billion, with non-GAAP EPS ranging from $0.65 to $0.75. At the midpoints of these ranges, the company is forecasting year-over-year declines of approximately 8% and 13%, respectively.
Qualcomm is expecting big things from its Snapdragon 855 chip. Image source: Qualcomm.
To better understand the results and the forecast, let’s look at what management had to say on the company’s most recent earnings call:
Best Heal Care Stocks To Invest In Right Now: Iridium Communications Inc(IRDM)
Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. It offers postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services; push-to-talk services; and machine-to-machine services for sending and receiving data from fixed and mobile assets in remote locations to a central monitoring station. The company also provides other services, such as inbound connections from the public switched telephone network, short message services, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, it offers voice and data solutions, including personnel tracking devices; asset tracking devices for equipment, vehicles, and aircraft; aircraft and submarine communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence community, such as secure satellite handsets, as well as offers voice, netted voice, data, messaging, and paging services; and maintenance services for the department of defenses dedicated gateway. Further, the company provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and machine-to-machine data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, and charging units; and engineering and support services. The company sells its products and services to commercial end users through wholesale distribution network, service providers, and value-added resellers and manufacturers. As of December 31, 2015, it had approximately 782,000 billable subscribers. The company was founded in 2000 and is headquartered in McLean, Virginia.
- [By Nicholas Rossolillo]
2018 was a pivotal year forIridium Communications (NASDAQ:IRDM). As the only communications provider to cover 100% of the globe, the completion of its new satellite constellation puts it in prime position to build on that leadership with global broadband internet and other connected services. With its space infrastructure buildout finished, it’s now about adding connections — and Iridium already has momentum on its side as far as that metric goes.
- [By Jon C. Ogg]
Iridium Communications Inc. (NASDAQ: IRDM) was reiterated as Strong Buy and the price target was raised to $23 from $20 (versus a $20.46 close) at Raymond James.
Best Heal Care Stocks To Invest In Right Now: Alaska Air Group, Inc.(ALK)
Alaska Air Group (“Air Group”) operates Alaska Airlines (“Alaska”) and Horizon Air (“Horizon”), which together with its partner regional airlines serve more than 100 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada, Mexico, and Costa Rica. During 2015, we carried an all-time high 32 million passengers and earned record full-year adjusted earnings of $842 million.
Our objective is to be one of the most respected U.S. airlines by our customers, employees, and shareholders. We believe our success depends on our ability to provide safe air transportation, develop relationships with customers by providing exceptional customer service and low fares, and maintain a competitive cost structure to compete effectively. It is important to us that we achieve our objective as a socially responsible company that values not just our performance, but also our people, our community, and our environment. Advisors’ Opinion:
- [By Adam Levine-Weinberg]
Shares of JetBlue Airways (NASDAQ:JBLU) and Alaska Air (NYSE:ALK) have struggled in recent years because of rising costs and subpar unit revenue results. In fact, both stocks have lost about a quarter of their value over the past three years, dramatically underperforming peers and the broader stock market.
- [By Adam Levine-Weinberg]
In fact, Southwest priced some flights from California to Hawaii as low as $49 one way for a limited time. Yet due to the high pent-up demand for Southwest Airlines flights to Hawaii, these low fares don’t pose a big threat to competitors like Hawaiian Holdings (NASDAQ:HA) and Alaska Air (NYSE:ALK).
- [By Shane Hupp]
Alaska Air Group, Inc. (NYSE:ALK) – Imperial Capital decreased their Q1 2019 earnings per share estimates for Alaska Air Group in a report released on Wednesday, February 20th. Imperial Capital analyst M. Derchin now anticipates that the transportation company will post earnings per share of $0.13 for the quarter, down from their prior estimate of $0.25. Imperial Capital currently has a “Outperform” rating and a $90.00 target price on the stock. Imperial Capital also issued estimates for Alaska Air Group’s Q4 2019 earnings at $1.54 EPS.
Best Heal Care Stocks To Invest In Right Now: Patterson Companies, Inc.(PDCO)
Patterson Companies, Inc., incorporated on June 15, 1992, is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The Company serves the North American dental supply market, the United States and the United Kingdom veterinary supply market, and the across the world rehabilitation and assistive products supply market. The Company’s operating units include Patterson Dental, Patterson Veterinary and Patterson Medical.
The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America. Patterson Dental is a full-service supplier to dentists, dental laboratories, institutions and other healthcare professionals. Its dental business has operations in the United States and Canada. It provides consumable products, including x-ray film, restorative materials, hand instruments and sterilization products; basic and advanced technology dental equipment; practice management and clinical software; patient education systems, and office forms and stationery. Patterson Dental offers dental products, including approximately 105,500 stock keeping units (SKUs) of which approximately 5,700 are private-label products sold under the Patterson brand. Patterson Dental also offers services, including dental equipment installation, maintenance and repair, dental office design and equipment financing.
The Company offers consumable dental supplies, such as x-ray film and solutions; impression materials; restorative materials (composites and alloys); high and low-speed hand pieces; hand instruments; sterilization products; anesthetics; infection control products, such as protective clothing, gloves and facemasks; paper, cotton and other disposable products; toothbrushes, and denta! l accessories, including hand instruments, burs and diamonds. Patterson Dental, through Patterson Office Supplies, provides various printed office products, office filing supplies and practice management systems to office-based healthcare providers, including dental, veterinary and medical offices. The Company’s printed office products include custom printed products, insurance and billing forms, stationery, envelopes, business cards, labels, file folders, appointment books and other stock office supply products.
The Company offers dental equipment products, including radiography equipment, dental chairs, dental hand piece control units, diagnostic equipment, sterilizers, dental lights and compressors. Patterson Dental develops and markets its own lines (EagleSoft and Dolphin) of practice management and clinical software for dental professionals, including software for scheduling, billing, charting and capture/storage/retrieval of digital images. The Company offers custom hardware and networking solutions required for integrating the entire dental office. The Company offers other services to complement its software products, such as service agreements, software training, back-up services, electronic claims processing and billing statement processing. The Company also provides repair and maintenance services for all dental equipment. The Company provides dental office layout and design services using a computer-aided design (CAD) program.
The veterinary supply segment is a distributor of veterinary supplies, primarily to companion-pet (dogs, cats and other common household pets) and equine veterinary clinics. The Company also provides products and services used for the diagnosis, treatment and/or prevention of diseases in companion animals and equine across the United States and United Kingdom. Patterson Veterinary is a distributor of veterinary supplies to animal veterinarians and veterinary clinics, public and private institutions, and shelters. ! Patterson! Veterinary offers pharmaceuticals, vaccines, parasiticides, diagnostics, prescription and non-prescription diets, nutritionals, consumable supplies, equipment and software. Patterson Veterinary’s pharmaceutical products include anesthetics, analgesics, antibiotics and ophthalmics. Its biological products are consists of vaccines and injectables.
The Company’s parasiticides are used for control of external parasites (fleas, ticks, flies, mosquitoes) and internal parasites. The Company’s diagnostics product category includes consumable in-clinic tests for detecting heartworm, Lyme disease, feline leukemia and parvovirus, as well as consumable products for measuring blood chemistry, electrolyte balance and cell counts. Veterinary pet foods consist of both specialty diets and premium pet foods. Nutritional products consist of dietary supplements, vitamins, dental chews and specialty treats. Consumable supplies include lab supplies, various types and sizes of paper goods, needles and syringes, instruments, gauze and wound dressings, sutures, latex gloves, orthopedic and casting products.
The Company sells equipment for hospital, laboratory and general surgical use within the veterinary practice. Patterson Veterinary develops and markets its own line of practice management software, INTRAVET, for veterinary professionals, including software for scheduling, billing, charting, and capture, storage and retrieval of digital images. Patterson Veterinary also develops and markets its own client education software, DIA, for veterinary professionals. It develops and markets its own Web-based client communication platform, ePetHealth, providing practitioners a suite of client offerings, such as online medical records, e-Marketing tools, client education resources and a home delivery portal. The Company’s other products and services include commissions earned on agency sales, equipment repair revenues, software maintenance contract revenue, Patterson Veterinary University (PVU) revenue and fr! eight rec! overy on shipments to customers. The Company, through its subsidiary National Veterinary Services Limited, offers veterinary diagnostic laboratory services to veterinarians, including pathology, hematology, chemistry and microbiology.
The rehabilitation supply segment provides a range of distributed and self-manufactured rehabilitation medical supplies and assistive products to acute care hospitals, long-term care facilities, rehabilitation clinics, dealers and schools. Patterson Medical is a distributor of rehabilitation medical supplies and equipment. It offers distributed and self-manufactured rehabilitation products to healthcare professionals. Patterson Medical’s consumables products include orthopedic soft goods/splints, aids to daily living products, clinical products, mobility products, pediatric seating and positioning products, and modalities products. The Company’s rehabilitation equipment consists of exercise, examination, treatment, and therapy equipment and furniture. Its equipment and software products include parallel bars, treatment tables, mat platforms, treadmills and stationary bicycles.
The Company competes with AmerisourceBergen and Idexx Laboratories.
- [By Joseph Griffin]
Patterson Companies, Inc. (NASDAQ:PDCO) announced a quarterly dividend on Wednesday, September 19th, RTT News reports. Shareholders of record on Friday, October 12th will be given a dividend of 0.26 per share on Friday, October 26th. This represents a $1.04 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Thursday, October 11th.
- [By Stephan Byrd]
Patterson Companies, Inc. (NASDAQ:PDCO) – Research analysts at William Blair dropped their Q2 2019 earnings estimates for shares of Patterson Companies in a research note issued to investors on Thursday, August 30th. William Blair analyst J. Kreger now forecasts that the company will earn $0.34 per share for the quarter, down from their previous estimate of $0.41. William Blair also issued estimates for Patterson Companies’ Q3 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.42 EPS, Q1 2020 earnings at $0.31 EPS, Q2 2020 earnings at $0.36 EPS, Q3 2020 earnings at $0.41 EPS and Q4 2020 earnings at $0.43 EPS.
- [By Max Byerly]
Patterson Companies (NASDAQ:PDCO) had its price objective decreased by Morgan Stanley from $21.00 to $19.00 in a report released on Friday. Morgan Stanley currently has an underweight rating on the stock.
- [By Paul Ausick]
Patterson Companies Inc. (NASDAQ: PDCO) traded down nearly 15% Thursday to set a new 52-week low of $20.23 after closing at $23.73 on Wednesday. The stock’s 52-week high is $40.90. Volume was nearly seven times the daily average of around 2.3 million. The company beat revenue estimates this morning but missed on profits.
Best Heal Care Stocks To Invest In Right Now: Semler Scientific, Inc.(SMLR)
Semler Scientific, Inc., incorporated on September 24, 2013, develops, manufactures and markets products and services that assist healthcare insurers and physician groups in evaluating and treating chronic diseases. The Company markets QuantaFlo and WellChec to its customers. QuantaFlo is an approximately four-minute in-office blood flow test. WellChec is the Company’s multi-test service platform. The Company offers QuantaFlo product to cardiologists, internists, nephrologists, endocrinologists, podiatrists, and family practitioners and organizations, including healthcare insurance plans, integrated delivery networks, independent physician groups and companies contracting with the healthcare industry. It offers WellChec service platform to health insurance plans and other healthcare organizations.
The Company’s QuantaFlo features a sensor clamp that is placed on the toe or finger as current pulse oximetry devices. Infrared light emitted from the clamp on the dorsal surface of the digit is scattered and reflected by the red blood cells coursing through the area of illumination. Returning light is sensed by the sensor. A blood flow waveform is instantaneously constructed by the Company’s software algorithm and displayed on the video monitor. Both index fingers and both large toes are interrogated, which takes approximately 30 seconds for each. A hardcopy report form is generated that displays over four waveforms and the ratio of each leg measurement compared with the arms. Results are classified as flow obstruction or no flow obstruction. The routine office usage of the QuantaFlo has ranges from few tests per week to over 10 tests per day. The Company also offers contracts in which it invoices on a per test basis for use of QuantaFlo, or as part of the WellChec multi-test platform.
QuantaFlo is also the centerpiece of the Company’s wellness diagnostic testing service, WellChec. WellChec provides testing equipment and third-party personnel to perform tests and examinations of pa! tients for the Company’s customers. The Company invoices on a fee per test or per examination basis for this service. The tests performed are for chronic disease states, which include respiratory disease, vascular disease, eye disease, bone disease, heart disease, neuropathy and diabetes.
- [By Ethan Ryder]
Semler Scientific (OTCMKTS:SMLR) and ENDRA Life Sciences (NASDAQ:NDRA) are both small-cap medical companies, but which is the superior stock? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, analyst recommendations, risk, earnings and dividends.
- [By Ethan Ryder]
Biosig Technologies (NASDAQ:BSGM) and Semler Scientific (OTCMKTS:SMLR) are both small-cap medical companies, but which is the better business? We will contrast the two companies based on the strength of their analyst recommendations, earnings, institutional ownership, risk, dividends, valuation and profitability.
Best Heal Care Stocks To Invest In Right Now: Liberty Property Trust(LPT)
Liberty Property Trust (the “Trust”) is a self-administered and self-managed Maryland real estate investment trust (a “REIT”). Substantially all of the Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership, a Pennsylvania limited partnership (the “Operating Partnership” and, together with the Trust and their consolidated subsidiaries, the “Company”). The Company completed its initial public offering in 1994 to continue and expand the commercial real estate business of Rouse & Associates, a Pennsylvania general partnership, and certain affiliated entities (collectively, the “Predecessor”), which was founded in 1972. As of December 31, 2015, the Company owned and operated 482 industrial and 128 office properties (the “Wholly Owned Properties in Operation”) totaling 89.7 million square feet. Advisors’ Opinion:
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Liberty Property Trust (LPT)
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- [By Max Byerly]
DiamondRock Hospitality (NYSE:DRH) and Liberty Property Trust (NYSE:LPT) are both mid-cap finance companies, but which is the better investment? We will compare the two companies based on the strength of their risk, institutional ownership, analyst recommendations, earnings, profitability, valuation and dividends.
- [By Shane Hupp]
These are some of the media headlines that may have impacted Accern’s analysis:
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Liberty Property Trust Announces Third Quarter 2018 Dividend (feeds.benzinga.com) Zacks: Brokerages Expect Liberty Property Trust (LPT) Will Announce Quarterly Sales of $160.48 Million (americanbankingnews.com) Liberty Property's The Navy Yard Portfolio Now 99% Leased (finance.yahoo.com) Zacks: Analysts Expect Liberty Property Trust (LPT) Will Announce Earnings of $0.65 Per Share (americanbankingnews.com) High Demand Keeps Liberty's Richmond, Norfolk Assets Occupied (finance.yahoo.com)
Shares of LPT opened at $43.00 on Wednesday. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 2.73 and a beta of 0.61. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.76 and a quick ratio of 1.76. Liberty Property Trust has a twelve month low of $37.77 and a twelve month high of $45.40.
- [By Stephan Byrd]
These are some of the media headlines that may have impacted Accern’s scoring:
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Liberty Property Trust (LPT) Receives “Buy” Rating from SunTrust Banks (americanbankingnews.com) FY2019 Earnings Estimate for Liberty Property Trust (LPT) Issued By KeyCorp (americanbankingnews.com) $163.17 Million in Sales Expected for Liberty Property Trust (LPT) This Quarter (americanbankingnews.com) Liberty Property Trust (LPT) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Several research firms have recently issued reports on LPT. Sandler O’Neill set a $44.00 target price on shares of Liberty Property Trust and gave the stock a “hold” rating in a report on Wednesday, July 25th. ValuEngine lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Morgan Stanley lowered their target price on shares of Liberty Property Trust from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Thursday, June 14th. Stifel Nicolaus raised their target price on shares of Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $44.83.