Insights about U.S. Stocks that landed in the Red-Zone during Thursday’s trade, are depicted underneath:
Weight Watchers International, Inc (NYSE:WTW)’s shares dwindled -4.21%, and closed at $9.55, hitting new 52-week low of $9.49.
Weight Watchers International, Inc. (WTW): Moody’s Investors Service downgraded Weight Watchers International, Inc.’s debt ratings. The Corporate Family rating was downgraded to B3 from B1, the Probability of Default rating was downgraded to B3-PD from B2-PD and the senior secured debt ratings were downgraded to B3 from B1. The Speculative Grade Liquidity rating was affirmed at SGL-3. The rating outlook remains negative.
Formerly on February 26, the company declared its results for the fourth quarter and full year fiscal 2014 and offered full year fiscal 2015 earnings guidance, counting:
- Q4 2014 proceeds of $327.8 million, down 10.4% as compared to the preceding year period, with total paid weeks down 7.0%
- Q4 2014 adjusted earnings per fully diluted share (EPS) was $0.07, which excluded the influence of restructuring and non-cash impairment charges of $0.01 and $0.34, respectively, per fully diluted share; as stated, Q4 2014 EPS was a loss of $0.28
- Full year 2014 cash flow offered by operating activities totaled $231.6 million, with a cash balance of $301.2 million at year end
- Full year 2015 earnings guidance of between $0.40 and $0.70 per fully diluted share
Weight Watchers International, Inc. provides weight administration services worldwide. The corporation operates through North America, United Kingdom, Continental Europe, and Other segments.
Quiksilver, Inc (NYSE:ZQK), declined -4.21%, and closed at $1.82.
Quiksilver Inc. (ZQK), declared that it has postponed the distribution of its 2015 first quarter earnings release, in addition to the related conference call and webcast formerly planned to take place on March 5th, as a result of a proceed cut-off issue identified by administration and brought to the attention of the Audit Committee.
The Audit Committee promptly commenced an investigation last week and has not yet reached any conclusions. Based on presently accessible information, the Corporation believes that the completion of the Audit Committee’s investigation will have no material influence on its formerly issued financial statements, its 2015 first quarter financial results, or its current guidance.
The Audit Committee plans to review progress regarding its investigation at a formerly planned regular meeting of the Board of Directors on March 16th, after which the Corporation anticipates announcing a date for distribution of its first quarter 2015 financial results during March.
Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children. The corporation provides its products for various activities, counting casual and outdoor lifestyle associated with surfing, skateboarding, snowboarding, BMX and motocross, rally car, and other activities.
Ocwen Financial Corp (NYSE:OCN), dipped -4.20%, and closed at $8.67.
Ocwen Financial Corp. (OCN), a leading financial services holding corporation, stated noteworthy updates about the Corporation.
As formerly revealed on February 5, 2015 in its Corporation Update to Stakeholders, Ocwen anticipates to report a loss for the fourth quarter and 2014 fiscal year.
In that Form 8-K filing, the Corporation revealed the following items related to its fourth quarter results.
- It recorded an additional $50 million expense related to its New York Department of Financial Services Settlement.
- The Corporation anticipates to raise expenses related to uncollectable receivables and other servicing expenses by about $64 million.
- The Corporation anticipates the expense for third party monitoring costs in the fourth quarter of 2014 to be about $13 million.
Ocwen will file a Form 12b-25 with the U.S. Securities and Exchange Commission for an extension of time enabling the Corporation to file its 2014 Form 10-K on or before March 17, 2015, without penalty. Ocwen requires this extension to complete its goodwill valuation analysis and its financial closing procedures and to ensure appropriate disclosure of various recent events influencing the Corporation.
Upon finalizing fourth quarter and full year 2014 results the Corporation anticipates to host a call with the investment community.
On March 2, 2015 the Corporation reached an amendment to its $1.3 billion Senior Secured Term Loan (SSTL) to remove certain restrictions on asset sales and permanently raise a financial covenant. Ocwen has agreed to an accelerated repayment plan for cash received from asset sales.
Ocwen Financial Corporation is a financial services holding corporation which, through its auxiliaries, is engaged in the servicing and origination of mortgage loans. Ocwen is headquartered in Atlanta, Georgia, with offices throughout the United States and support operations in India and the Philippines.
Goodrich Petroleum Corporation (NYSE:GDP) dropped -4.09%, and closed at $3.75.
The board of directors of Goodrich Petroleum Corp. (GDP), has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock, with dividends to be paid on March 16, 2015 to stockholders of record as of March 2, 2015.
In addition, the Board has also declared a quarterly cash dividend of $0.625 per depositary share on its 10.00% Series C Cumulative Preferred Stock, and a quarterly cash dividend of $0.609375 per depositary share on its 9.75% Series D Cumulative Preferred Stock to be paid on March 16, 2015 to stockholders of record as of March 13, 2015.
Goodrich Petroleum Corporation, an independent oil and natural gas corporation, engages in the exploration, development, and production of oil and natural gas. and its ordinary stock is listed on the New York Stock Exchange under the symbol GDP.




