Stock Market Spotlight - Collective Brands (PSS) DSW (DSW) and El Paso Corp (EP)

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(Best Syndication News) Stock markets around the world were mostly higher but declined in the United States (see stock charts below). Collective Brands disappoints while DSW beats expectations.

Collective Brands Inc. (NYSE:PSS), the operator of Payless Shoes, released their earnings statement today. The company said they had net earnings of $26.4 million, or $0.42 per share for their first quarter 2011. Analysts had projected 82 cents per share.

The share price was up 0.27 (1.49%) to $18.37. PSS made their announcement after the market closed, and in after hours the share price fell 2.40 (-13.06%) to $15.97. The company has a market cap of $1.13 billion and a beta of 1.40.

Their competitor, DSW Inc. (NYSE:DSW), beat expectations. The Street expected 75 cents eps but the company reported 85 cents. The company announced their earnings before the market opened and their share price shot up 7.28 (16.86%) to $50.47.

The share price of El Paso Corporation (NYSE:EP) shot up $1.24 (6.53%) to $20.22. At their El Paso Corp Institutional Investor and Analyst Meeting today, the company announced plans to separate into two publicly traded companies.

“Following the completion of the proposed spinoff, El Paso Corporation will be comprised of El Paso's Pipeline Group, its Midstream Group, and its general and limited partner interests in El Paso Pipeline Partners, L.P. (NYSE: EPB),” the company said.

“We believe that the creation of these two stand-alone public companies will result in significant and sustainable value creation,” said Doug Foshee, chairman, president, and chief executive officer of El Paso Corporation.

They expect to complete the separation by the end of the year.

By: Dan Wilson

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Tuesday, May 24, 2011 DSW Inc. (NYSE:DSW) Collective Brands Inc. (NYSE:PSS)
Today's Closing Price $50.47 $18.37
Today's Point Change 7.28 0.27
Today's Change (%) 16.86% 1.49%
Today's Open 47.25 18.23
Today's High 51.32 18.62
Today's Low 47.25 18.04
Today's Range $4.07 $0.58
50 Day Moving Average $43.05 $20.72
100-Day Moving Average $40.33 $21.03
100 Day Low $33.06 $18.10
100 Day High $50.47 $23.44
Average 100 Day Range $1.33 $0.73
Today’s Range vs Average (%) 207.15% -20.35%
Today's Volume 3,551,238 2,841,340
Average 100 Day Volume 493,271 1,002,391
Today’s Volume vs Average (%) 619.94% 183.46%
100 Day Point Change 15.45 -2.87
100 Day % Change 44.12% -13.51%
Support Level 3 - Today 40.93 17.16
Support Level 2 - S2 Today 45.00 17.74
Support Level 1 - S1 Today 46.83 18.01
Pivot Point From Today 49.07 18.32
Resistance Level 1 - R1 Today 50.90 18.59
Resistance Level 2 - R2 Today 53.14 18.90
Resistance Level 3 - R3 Today 57.21 19.48
Support Level 3 - S3 Yesterday 39.84 16.83
Support Level 2 - S2 Yesterday 41.37 17.54
Support Level 1 - S1 Yesterday 41.98 17.77
Pivot Point From Yesterday 42.90 18.25
Resistance Level 1 - R1 Yesterday 43.51 18.48
Resistance Level 2 - R2 Yesterday 44.43 18.96
Resistance Level 3 - R3 Yesterday 45.96 19.67
Tuesday, May 24, 2011 DSW Inc. (NYSE:DSW) Collective Brands Inc. (NYSE:PSS)
Market Cap 2.23B 1.13B
P/E (trailing twelve months) 21.03 10.5
EPS (trailing twelve months) 2.4 1.75
EPS Estimated Annual N/A N/A
EPS Estimated Quarterly 0.75 0.82
Div & Yield N/A (N/A) N/A (N/A)
Forward 1 year P/E 16.02 9.05
P/S (trailing twelve months) 1.05 0.33
Mean Recommend 1 - Buy 5 - Sell 1.8 2.2
Price / Earnings To EPS Growth - 5yr 1.64 0.93
Beta 1.45 1.4
IMPORTANT: Information gathered is provided 'as is' and is solely for informational purposes, not for trading purposes or advice
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