5 Companies Reach 52-Week Highs

Western Digital, CSX, Juniper Networks, Marriott and Ferrari achieve milestones

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May 16, 2017
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According to GuruFocus' list, these stocks have reached their 52-week highs.

Western Digital reached the 52-week high of $89.65

Western Digital Corp. (WDC, Financial) is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. Its products include HDDs and SSDs.

Western Digital is the global leader in the hard disk drive market. The company develops, manufactures and provides data storage solutions to consumers, businesses and governments. The company's product portfolio includes hard disk drives, solid-state drives, and public and private cloud data center storage solutions. Western Digital's merger with SanDisk positions the company as a broad-based provider of media-agnostic storage solutions, including SSDs.

The price of Western Digital shares has reached $89.65, which is 1.5% off the 52-week high of $91.00. Western Digital has a market cap of $26.11 billion; its shares were traded around $89.65 with a price-sales (P/S) ratio of 1.42. Western Digital's trailing 12-month dividend yield is 2.23%. The forward dividend yield is 2.23%. Western Digital had an annual average earnings growth of 13.90% over the past 10 years. GuruFocus rated Western Digital the business predictability rank of 2-star.

The company reported a revenue of $4.7 billion, operating income of $232 million and a net loss of $366 million, or $1.28 per share, for its first fiscal quarter ended Sept. 30, 2016. The GAAP net loss for the period includes charges associated with the company's recent acquisitions and debt extinguishment charges related to its repricing and repayment of outstanding debt. Excluding these charges and other non-GAAP adjustments, first quarter non-GAAP operating income was $632 million and non-GAAP net income was $341 million, or $1.18 per share.

President of WD Capital, Chief Strategy Officer and Chief Financial Officer Mark P. Long sold 11,631 shares on May 3 for $88.49 per share. The stock price has increased by 1.31% since.

CSX reached the 52-week high of $52.14

CSX Corp. (CSX, Financial)Â is a freight rail transportation company that provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. CSX is an $11 billion railroad operating in the Eastern U.S. On its 20,800 miles of track, CSX hauls shipments of coal products (17% of consolidated revenue), chemicals (20%), intermodal containers (16%) and a diverse mix of other merchandise.

The price of CSX shares has reached $52.14, which is 1.0% off the 52-week high of $52.65. CSX has a market cap of $48.11 billion; its shares were traded around $52.14 with a price-earnings (P/E) ratio of 28.49 and P/S ratio of 4.34. CSX's trailing 12-month dividend yield is 1.38%. The forward dividend yield is 1.53%. CSX had an annual average earnings growth of 9.00% over the past 10 years. GuruFocus rated CSXÂ the business predictability rank of 2.5-star.

The company reported first-quarter net earnings of $362 million, or 39 cents per share, up from $356 million, or 37 cents per share, in the same period of last year. Excluding a $173 million restructuring charge in this year’s first-quarter results, adjusted earnings per share was 51 cents as shown in the table below.

CEO and President E. Hunter Harrison bought 300,000 shares on April 24 for $50.2 per share. The stock price has increased by 3.86% since.

Juniper Networks reached the 52-week high of $30.59

Juniper Networks Inc. (JNPR, Financial)Â designs, develops and sells products and services that provide its customers with network infrastructure built on simplicity, security, openness and scale. It offers services from PSD and SSD segments to service providers and enterprises. Juniper Networks is a network equipment provider for telecommunication carriers, service providers and large enterprises. The company produces high-performance switches, routers and security products, network management software and software-defined networking technology.

The price of Juniper Networks shares has reached $30.59, which is 1.2% off the 52-week high of $30.96. Juniper Networks has a market cap of $11.69 billion; its shares were traded around $30.59 with a P/E ratio of 19.36 and P/S ratio of 2.31.

Juniper Networks' trailing 12-month dividend yield is 1.31%. The forward dividend yield is 1.31%.

The company reported net revenues were $1.221 billion, a year-over-year increase of 11% and a decrease of 12% sequentially, for the first quarter.

Juniper's GAAP operating margin for the first quarter was 12.8%, a decrease from 13.5% in the first quarter of 2016 and a decrease from 20.7% in the fourth quarter of 2016. Non-GAAP operating margin for the first quarter was 20.8%, an increase from 19.3% in the first quarter of 2016 and a decrease from 26.5% in the fourth quarter of 2016. Juniper posted GAAP net income of $108.8 million, an increase of 19% year over year and a decrease of 42% sequentially. GAAP diluted earnings per share for the first quarter of 2017 was 28 cents. Non-GAAP net income was $178.0 million, an increase of 25% year over year and a decrease of 30% sequentially. Non-GAAP diluted earnings per share for the first quarter was 46 cents.

Director William Stensrud sold 10,000 shares for $30.39 per share on May 5. The stock price has increased by 0.66% since.

Marriott International reached the 52-week high of $102.45

Marriott International Inc. (MAR, Financial)Â is an operator, franchiser and licenser of hotels and time-share properties under different brand names. It also operates and develops residential properties and provides services to home/condominium owner associations.

Marriott operates 1.2 million rooms across 30 brands. Upper upscale represents 44% of total rooms, upscale 34%, luxury 10% and other 12%. Marriott, Courtyard and Sheraton are the largest brands while Autograph, Tribute, Moxy, Aloft and Element are newer lifestyle brands. Managed and franchised represent 98% of total rooms. North America is 68% of total rooms with Asia-Pacific equating to 15% of the total existing base.

The price of Marriott International shares has reached $102.45, which is 1.1% off the 52-week high of $103.62. Marriott International has a market cap of $38.82 billion; its shares were traded around $102.45 with a P/E ratio of 37.12 and a P/S ratio of 1.64.

Marriott International's trailing 12-month dividend yield is 1.17%. The forward dividend yield is 1.29%. Marriott International had an annual average earnings growth of 23.10% over the past five years.

The company reported the following for the first quarter:

  • First quarter reported diluted EPS totaled 94 cents, an 11% increase over prior-year results. First quarter adjusted diluted EPS totaled $1.01, a 38% increase over first-quarter 2016 combined results. Adjusted 2017 first quarter results exclude merger-related costs. Combined 2016 first-quarter results assume Marriott's acquisition of Starwood and Starwood's sale of its time-share business had been completed on Jan. 1, 2015.
  • First-quarter reported net income totaled $365 million, a 67% increase over prior-year results. First quarter adjusted net income totaled $395 million, a 36% increase over prior year combined results.
  • Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $750 million in the quarter, a 64% increase over first-quarter 2016 adjusted EBITDA and a 10% increase over first-quarter 2016 combined adjusted EBITDA;
  • Marriott repurchased 6.7 million shares of the company's common stock for $575 million during the first quarter. Year to date through May 8, the company repurchased 10.4 million shares for $925 million.

President and Managing Director, Middle East & Africa (MEA), Argiris Kyriakidis sold 3,800 shares on May 11 for $102.94 per share. The stock price has decreased by 0.48% since.

Ferrari reached the 52-week high of $84.13

Ferrari NV (RACE, Financial)Â is engaged in the design, engineering, production and sale of luxury performance sports cars. Ferrari engineers and manufactures some of the world's most expensive, exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients.

The price of Ferrari shares has reached $84.13, which is 1.6% off the 52-week high of $85.51. Ferrari has a market cap of $15.9 billion; its shares were traded around $84.13 with a P/E ratio of 32.86 and P/S ratio of 4.48. Ferrari's trailing 12-month dividend yield is 0.82%. The forward dividend yield is 0.82%.

The company reported the following for the first quarter:

  • Total shipments at 2,003 units, up 121 units (6.4%).
  • Net revenues grew at 821 million euros ($899.11 million), up 21.5% (20.4% at constant currencies).
  • Adjusted EBITDA of 242 million euros, margin now at 29.5% (30.1% without FX hedges).
  • Adjusted EBIT of 177 million euros, 360 bps margin increase to 21.6% (22.3% without FX hedges).
  • Adjusted net profit up 60.1% to 124 million euros.
  • Net industrial debt reduced to 578 million euros.

Disclosure: I do not own these stocks.

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