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Analyst Comments: Procter & Gamble, CV Therapeutics, BHP Billiton, Chunghwa, Anheuser-Busch, Texas Capital, CSX Corp, Barrick Gold, Willis Group

Wed, 17 Sep 2008 17:01:00 GMT

Procter & Gamble's (PG) management is committed to a growth strategy based on driving volume through product innovation and increasing penetration into developing markets and expanding profitability by focusing on higher margin categories. The plan is meeting with success in terms of topline expansion, volume growth, and higher earnings. Though the Gillette acquisition was accretive to earnings in fiscal 2008, the gross margin was negatively impacted by increased commodity and energy costs. The Hold recommendation is maintained. Despite two periods of restructuring, Procter & Gamble has traded in a solid P/E multiple range of 17 to 25 over the last 15 years, reflecting the company's higher-than-average growth profile. We do not expect Procter & Gamble stock to outperform until the current impediments to margin improvement[More...]

Analyst Comments: Altera, Brasil Telecom, Human Genome, Exar Corp, Texas Capital

Fri, 18 Jul 2008 18:40:00 GMT

Altera Corporation (ALTR) reported revenues of $360 million in Q2:FY2008, exceeding our estimate of $347 million, mainly due to growth in sales of new products. EPS of $0.32 beat our estimate of $0.26 and street consensus of $0.27. Gross margin improved to 67.1% from 65.1% generated in the previous quarter, mainly due to a reduction in material and logistics costs as well as sales strength from the Communication and Industrial end markets, which usually carry higher margins. Going forward, third quarter is a seasonally slow quarter for the company and management expects total revenue to remain flat or decline by 3% on a sequential basis. We have adjusted our FY2008 estimates and maintain our Buy rating. The primary theme to watch at Altera over the next 6-12 months is new product introductions and technology migrations. Altera is only beginning to ramp up 65nm products at[More...]

Earnings After Market Close (07/16/2008)

Wed, 16 Jul 2008 13:55:00 GMT

Ticker: CCK,AF,DTLK,EBAY,EXPO,HOKU,KMR,PLCM,RECN,SABA,TBI,TCBI,UFPI,XLNX,YUM[More...]

Little Upside for Texas Capital

Tue, 24 Jun 2008 15:52:03 GMT

Texas Capital Bancshares, Inc.'s (TCBI) first-quarter operating results were $0.30 per share versus $0.29 per share recorded in the prior-year period. Results came in ahead of our expectation, driven by a substantially lower-than-expected provision for loan losses recorded for the quarter. Growth...[More...]

Analyst Comments: Sunoco Logistics, CV Therapeutics, Arrow Electronics, Texas Capital Bancshares, Equinix

Tue, 29 Apr 2008 14:48:17 GMT

Sunoco Logistics Partners L.P. (SXL) reported strong first-quarter 2008 results, primarily due to high oil prices and good performance from its Western Pipeline segment. Sunoco reported better-than-expected first-quarter 2008 earnings of $43.2 million or[More...]

Analyst Comments: Altera, Texas Capital, CuraGen, Solar Panel Stocks

Thu, 17 Apr 2008 22:43:03 GMT

Altera (ALTR) recently reported revenues of $336 million in Q1:FY2008, exceeding our estimate of $326 million, mainly due to growth in sales of new products. Japan was the strongest market as sales grew 15% quarter-over-quarter and 19% year-over-year. EPS of $0.27 beat our estimate of $0.21 and street consensus of $0.23. Gross margin dipped to 65.1% from 65.7% generated in the year-ago quarter but improved from 64.1% in the previous quarter. ALTR generated 41% of...[More...]

Earnings Report: 04/16/2008

Wed, 16 Apr 2008 22:42:19 GMT

Ticker: SPSN,WFC,ABT,AF,ALTR,AMB,AMR,ATR,CAVM,CCK,CPBK,CRRC,EBAY,ECBE,EDU,GILD,IBM,ITW,JPM,KNL,LEG,NITE,PCBK,PJC,RLI,SYBT,TBI,TCBI,TMK,UFPI,VMI,BLK,CPSS,ISIL,LUFK,MTOX,SLM,STJ,WWW,JCI,LCRY,PLCM[More...]

Analyst Comments: Liberty Property Trust, BorgWarner, Toyota Motor, Texas Capital Bancshares

Tue, 01 Apr 2008 21:58:50 GMT

Liberty Property Trust (LRY) slightly beat our funds from operations (FFO) estimates as operations were better than expected in the fourth quarter. Operations are holding up reasonably well. Although, we still rate LRY a Sell despite a low comparative valuation and recent price drops. We expect rental rates to remain flat through 2008, as the company has assets in office markets that have high vacancies. Additionally, Liberty continues...[More...]

Companies Reporting After Close (07/18/2007)- Part 3

Wed, 18 Jul 2007 14:12:15 GMT

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BRIEF: Texas Capital Bancshares Gets Federal Funds

Fri, 23 Jan 2009 14:54:00 GMT

Jan. 23--Dallas-based Texas Capital Bancshares Inc. received $75 million through a U.S. Treasury program to shore up the banking system, part of a $1.5 billion government investment in 39 smaller banks announced Thursday.
Other Texas banks receiving funds were Houston-based MetroCorp Bancshares Inc., which got $45 million; Texas Community Bank in The Woodlands, which got $11.7 million; and Treaty Oak Bancorp Inc. in Austin, which got nearly $3.3 million.
Copyright (c) 2009, The Dallas Morning News

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Texas Capital Bancshares Announces Operating Results for Q2 2009

Wed, 22 Jul 2009 20:06:00 GMT

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the second quarter of 2009.[More...]

Texas Capital Bancshares Announces Q2 2009 Earnings Conference Call & Webcast

Wed, 01 Jul 2009 14:11:00 GMT

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, will hold a conference call and webcast to discuss second quarter results on Wednesday, July 22, 2009 at 5:00 p.m. EDT. The related press release will be issued at 4:00 p.m. EDT.[More...]

Texas Capital Bancshares to Present at Fox-Pitt Kelton Conference

Wed, 10 Jun 2009 21:17:00 GMT

Who: George Jones, Chief Executive Officer Peter Bartholow, Chief Financial Officer
Texas Capital Bancshares (NASDAQ: TCBI), a member of the Russell 2000 Index, is the parent company of Texas Capital Bank, a commercial bank that delivers highly personalized financial services to businesses and private clients.
Headquartered in Dallas, the Bank has $5.1 billion in assets.

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Texas Capital Bancshares Announces Approval to Repurchase Preferred Stock and Completion of Public Offering of Common Stock

Fri, 08 May 2009 16:57:00 GMT

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced today that it has been approved to repurchase the preferred stock it sold to the U.S. Department of the Treasury in January 2009. The $75 million preferred stock was issued to the Treasury Department pursuant to the Capital Purchase Program ("CPP") established under the Troubled Asset Relief Program ("TARP"). The Company will pay approximately $75.9 million to the Treasury to repurchase the preferred stock, which includes the original investment amount of $75 million plus accrued and unpaid dividends.[More...]

Texas Capital Bancshares Announces Pricing of Common Stock Offering

Tue, 05 May 2009 15:22:00 GMT

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced today that it has priced a public offering of 4.0 million shares of common stock to the public at $13.75 per share for total gross proceeds of approximately $55 million. The Company expects to close the sale of the common shares on May 8, 2009, subject to customary closing conditions. The underwriter will have a 30-day option to purchase up to an additional 15% of the offered amount of common stock from Texas Capital to cover over-allotments, if any. Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC is serving as sole manager for the equity offering.[More...]

Texas Capital Bancshares Announces Offering of 3.5 Million Shares of Common Stock

Mon, 04 May 2009 20:10:00 GMT

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced today that it has commenced a public offering of 3.5 million shares of its common stock.[More...]

Texas Capital Bancshares Announces Q1 2009 Earnings Conference Call & Webcast

Thu, 02 Apr 2009 20:57:00 GMT

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, will hold a conference call and webcast to discuss first quarter results on Wednesday, April 22, 2009 at 5:00 p.m. EDT. The related press release will be issued at 4:00 p.m. EDT.[More...]

Texas Capital Bancshares to Present at Raymond James Institutional Investors Conference

Fri, 06 Mar 2009 13:59:00 GMT

Texas Capital Bancshares, Inc. (NASDAQ:TCBI), parent company of Texas Capital Bank, announced today President and Chief Executive Officer George Jones and Chief Financial Officer Peter Bartholow will speak at the upcoming Raymond James Institutional Investors Conference in Orlando, Florida.[More...]

Texas Capital Bancshares Announces Operating Results for 2008

Wed, 28 Jan 2009 20:12:00 GMT

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the fourth quarter and full year of 2008.[More...]

Texas Capital Bancshares Issues $75 Million of Preferred Stock and Warrants Under the U.S. Treasury's Capital Purchase Program

Fri, 16 Jan 2009 20:47:00 GMT

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) completed the issuance of $75 million of perpetual preferred stock and related warrants under the U.S. Department of Treasury's voluntary Capital Purchase Program.
The warrants represent the right to purchase 758,086 shares of the Company's common stock at an initial exercise price of $14.84 per share.
In November 2008, the Company applied for up to $130 million of additional capital under the Program, and that application was approved.

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