Fourth Quarter Earnings Preview For Valspar (VAL)
Posted: Friday, November 20, 2009 2:03 PM EDT
By: Market Intelligence Center Staff
Valspar (NYSE: VAL) opened at $27.45. So far today, the stock has hit a low of $27.45 and a high of $27.71. VAL is now trading at $27.51, up $0.02 (0.05%). The stock hit its 52-Week high of $28.60 in September and set its 52-Week low of $14.47 last November. The stock is moving slightly higher today ahead of Monday's earnings report. Analysts are expecting the company to post earnings of 48 cents per share for its fiscal fourth quarter, compared to 42 cents during the same period last year. Technical indicators for the stock are neutral and S&P gives VAL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on VAL the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
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