Valeant Pharmaceuticals International Inc. (VRX, Financial), Calpine Corp. (CPN, Financial), AmTrust Financial Services Inc. (AFSI, Financial) and Pitney Bowes Inc. (PBI, Financial) have reached their respective three-year lows.
Valeant Pharmaceuticals International Inc. (VRX, Financial) declined to $11.03
The price of Valeant Pharmaceuticals International Inc. (VRX, Financial) shares have declined to $11.03, which is only 4.8% above the three-year low of $10.50.
Valeant Pharmaceuticals International Inc. is a Canadian multinational pharmaceutical company that markets a broad range of pharmaceutical products. Most of its specialty products fall under the areas of dermatology, gastrointestinal disorders, eye health and neurology. The company also owns owns Bausch & Lomb, one of the largest manufacturers of contact lenses.
Valeant Pharmaceuticals International Inc. has a market cap of $5.74 billion; its shares were traded around $11.03 with and P/S ratio of 0.41. Valeant Pharmaceuticals International Inc. had an annual average earnings growth rate of 23.8% over the past 10 years.
On March 10 Valeant Pharmaceuticals International Inc. announced that it obtained the requisite lender approval for the previously announced amendment of the company’s existing credit agreement to facilitate the borrowing of new Term B loans that mature in 2022 in order to repay other term loans outstanding under the credit agreement that mature prior to 2022. The credit agreement amendment is expected to become effective concurrently with the funding of the new Term B loans on March 21.
Calpine Corp. (CPN, Financial) declined to $10.88
The price of Calpine Corp. (CPN, Financial) shares have declined to $10.88, which is only 4.5% above the three-year low of $10.39.
Calpine Corp. is an American Fortune 500 company that is currently the largest generator of electricity from natural gas and geothermal resources in the U.S. The company has 80 power plants in operation or under construction, which represents approximately 26,000 megawatts of generation capacity.
Calpine Corp. has a market cap of $3.91 billion; its shares were traded around $10.88 with a P/E ratio of 41.7 and P/S ratio of 0.57. Calpine Corp. had an annual average earnings growth rate of 12% over the past 10 years.
On Feb. 10 Calpine Corp. announced its fourth-quarter and full-year 2016 results. The company reported a net income of $24 million, or 7 cents per dilute share, for the fourth quarter of 2016 compared to a net loss of $47 million, or 13 cents per diluted share, in the same quarter of the prior year. Adjusted EBITDA for the fourth quarter of 2016 was $357 million compared to $390 million in the same quarter of the prior year.
AmTrust Financial Services Inc. (AFSI, Financial) declined to $17.58
The price of AmTrust Financial Services Inc. (AFSI, Financial) shares has declined to $17.58, which is only 0.2% above the three-year low of $17.54.
AmTrust Financial Services Inc. is an American international property and casualty insurance company. The company operates through its various subsidiaries; its operations are divided into three segments: small commercial business insurance, specialty risk and extended warranty insurance, and specialty middle-market property and casualty insurance.
Amtrust Financial Services Inc. has a market cap of $3 billion; its shares were traded around $17.58 with a P/E ratio of 7.26 and P/S ratio of 0.62. The trailing 12-month dividend yield of Amtrust Financial Services Inc. stocks is 3.64%. The forward dividend yield of Amtrust Financial Services Inc. stocks is 3.15%. Amtrust Financial Services Inc. had an annual average earnings growth rate of 24.2% over the past 10 years.
On March 1 Amtrust Financial Services Inc. announced that it completed the acquisition of AmeriHealth Casualty Insurance Company from Independence Health Group Inc. for approximately $92.8 million in cash. AmeriHealth Casualty generated a gross written premium of approximately $116 million in 2015.
Pitney Bowes Inc. (PBI, Financial) declined to $12.84
The price of Pitney Bowes Inc. (PBI, Financial) shares has declined to $12.84, which is only 3.3% above the three-year low of $12.41.
Pitney Bowes Inc. is an American international provider of eCommerce solutions, shipping and mailing products, location intelligence, customer engagement and customer information management solutions. It has been part of the S&P 500 since its creation in 1957. The company has approximately 16,100 employees worldwide.
Pitney Bowes Inc. has a market cap of $2.39 billion; its shares were traded around $12.84 with a P/E ratio of 26.75 and P/S ratio of 0.72. The trailing 12-month dividend yield of Pitney Bowes Inc. stock is 5.84%. The forward dividend yield of Pitney Bowes Inc. stock is 5.58%.
On March 9 Pitney Bowes Inc. announced that it will introduce a new data practice to help businesses accelerate their digital transformation initiatives. The company seeks to work with clients to solve the challenges posed by the volume and velocity of data and the applications necessary for better insights. This new practice is designed to help organizations utilize data and analytics to deliver a faster customer experience and to support product and service innovation.
Disclosure: I do not own stock in any of the companies mentioned in the article.
