3 Stocks Slump To 52-Week Lows: WBMD, APOL, PCX
The health information company said Wednesday it anticipates acquiring 5.77 million common shares at $26 a share in a modified "Dutch auction" tender offer for $150 million.
"Expectations for Q1 are particularly weak, with flow-through suggesting management expectations for improved second half, albeit against far easier comps," Wells Fargo analysts wrote in a report on Feb. 24. "Our revised Q1 2012 revenue estimate falls $13MM or 11%, to $105MM, versus 'at least $105MM' guide. For FY2012, our caution leads us to model to low end of guidance for revenue, EBITDA and adjusted EPS, where we forecast $517m, $114m, and $0.05 (revised from $0.39)."
Shares of WebMD hit a 52-week low Wednesday of $23.31. The stock's 52-week high of $58.55 was set on May 2.
WebMD has an estimated price-to-earnings ratio for next year of 28.44 times; the average for publishing companies is 22.1.
Nine of the 11 analysts who cover WebMD rated it hold and two analysts gave the stock a sell rating.
TheStreet Ratings gives WebMD a C grade and hold rating. The stock has fallen 37.6% year to date.
"Apollo stated that the percentage of new bachelor's student going through orientation (transferring in
Shares of Apollo Group reached a 52-week low of $36.19 on Wednesday. The stock's 52-week high of $58.29 was set on Jan. 17.
Apollo Group's forward P/E is 11.25 times; the average for specialized consumer services is 14.49. For comparison, DeVry(DV) has a forward P/E of 9.61.
Analysts were split on Apollo Group with nine of them giving the stock a buy rating and another nine rating it hold.
TheStreet Ratings gives Apollo Group a C grade and hold rating. The stock has fallen 32.12% year to date.
Davenport analysts wrote in a March 27 report that Patriot Coal Chief Financial Officer Paul Schroder "pointed to mild winter weather and low nat gas prices as the primary factor driving reduced coal burn and rising utility coal inventories. This has already led to some production cuts. But more may be coming."