Stocks on the Move Today: BAC, YHOO, MAT, WNS

PUBLISHED: Apr 19 2013 @ 13:21 | Comments (0) | More info about Ed Liston

Bank of America (NYSE:BAC): The stock is down after announcing its quarterly results. Bank of America reported higher profit for the first quarter as its wealth management and mortgage divisions showed good performance. Its quarterly profit stood at $2.3 billion, up from $328 million it had reported a year earlier. Its earnings per share were reported at 20 cents per share.

However, it failed to meet analysts’ expectations of 22 cents per share in EPS. Its revenue also declined 8 percent to touch $23.9 billion figure. Analysts were expecting the company to announce its revenue at $23.3 billion. Bank of America is currently trading at $11.60, up 1.44 percent from its previous close. Bank of America has traded 73.64 million shares so far, in comparison to its regular trading volume of 154.36 million shares. The stock is trading above its 20 days moving average price and its 50 days moving average price of $11.59. Its 52 weeks price range stands at $6.72 and $12.94. The stock is trading at the Price Earnings ratio of 28.07. Bank of America commands market capitalization of $125.59 billion and its stock trades at beta of 2.38.

Yahoo Inc. (NASDAQ:YHOO): Yahoo stock is currently trading at $23.50, up 1.03 percent. The internet company showed decline in its ad revenue but reported higher profits. Its net income for the first quarter of the year stood at $390 million, up from $286 million it had reported for the first quarter of the last year. On per share basis, its income improved from 23 cents per share to 35 cents per share. Excluding stock compensation and other costs, the company’s income stood at 38 cents per share, beating consensus estimate of 25 cents per share in income. However, Yahoo’s revenue declined from $1.22 billion to $1.14 billion. The company stock is trading above its 20 days moving average price of $23.49 and in line with its 50 days moving average price of $23.50. The stock oscillated in the range of $22.83 and $23.56 in the current trading session. Yahoo reported its latest EPS at $3.41. The company stock’s Price Earnings ratio stands at 6.89. Yahoo commands the market capitalization of $26.21 billion and its stock is trading at the beta of 0.89. Its 52 weeks trading range stands at $14.59 and $24.99 while it grew 52.65 percent during the same time period.

Mattel Inc. (NASDAQ:MAT): The company more than quadrupled its first quarter net income to $38.5 million, while it had reported $7.8 million in net income for the first quarter of the previous year. Its 11 cents per share income also grew from 2 cents per share in income. The company was expected to report its EPS at 8 cents per share. Mattel also reported higher revenue at $995.6 million, beating consensus estimate of $984.2 million in sales. Its revenue grew 7 percent from its previous year’s first quarter revenue of $928.4 million. However, the company reported 2 percent decline in global sales of Barbie dolls. Its stock is currently trading at $43.80, down 0.41 percent. Mattel has traded 1.71 million shares so far, in comparison to its regular trading volume of 2.51 million shares. It is trading in the range of $43.59 and $44.06 in the current trading session. The stock is below its 20 days moving average price of $43.83 and 50 days moving average price of $43.92. In the past 52 weeks, the stock’s price range has been $30.15 and $45.37. The stock’s beta is 0.98 and its Price Earnings ratio is 19.21. Mattel commands market capitalization of $15.28 billion.

WNS Holdings Ltd. (NYSE:WNS): Its stock traded in the range of $14.88 and $15.06 in the current trading session and at this point is at $14.95, up 0.67 percent. The company’s fourth quarter net income increased 86 percent to reach $8.2 million, up from $4.4 million it had earned for the fourth quarter of the previous year. Its adjusted EPS stood at 16 cents per US traded share. WNS Holdings also announced 5 percent higher quarterly revenue at $119.2 million, beating consensus estimate of $114 million. Its revenue for the fourth quarter of the previous year stood at $113.3 million. The stock’s highest price point of 52 weeks stands at $15.10 while its lowest price point is at $9.07. WNS Holdings stock is trading at Price Earnings ratio of 42.91 and its beta is 0.93.

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