On Tuesday, Shares of Sally Beauty Holdings, Inc. (NYSE:SBH), subtract -14.70% and closed at $24.84 in the last trading session. The last trading range of the stock ranges between $23.72 and $26.92. Sally Beauty Holdings, Inc. (SBH) (the “Company”) recently declared financial results for the fourth quarter and fiscal year ended September 30, 2016. The Company will hold a conference call recently at 10:00 a.m. (Central) to discuss these results and its business.
“We achieved solid results with full-year adjusted EPS growth of 12%,” said Chris Brickman, President and CEO. “Merged same store sales grew almost 3% percent and gross margin expanded 20 basis points despite the unfavorable impact from foreign currency. Cash from operations of $351 million facilitated us to invest in the business and return a substantial portion to our shareholders. During the year, we opened 152 net new stores and continued to buy our stock, acquiring 7.8 million shares totaling $207 million.
Gevo, Inc. (NASDAQ:GEVO), dropped -9.72% and closed at $0.351 in the last trading session. The last trading range of the stock ranges between $0.33 and $0.45. The company’s Market capitalization is $47.73 million with the total Outstanding Shares of 136.45 million. Gevo, Inc. (GEVO) today announced financial results for the three months ended September 30, 2016. Key highlights for the quarter included:
Gevo produced approximately 145,000 gallons of isobutanol during the quarter.
On November 14, Alaska Airline flew the first commercial flight with Gevo’s cellulosic Alcohol-to-Jet fuel (“ATJ”). Previously, on October 11, 2016, Gevo announced that it had completed production of the world’s first cellulosic renewable jet fuel that is specified for commercial flights. Gevo successfully adapted its patented technologies to convert cellulosic sugars derived from wood waste into renewable isobutanol, which was then further converted into its ATJ. This ATJ meets the ASTM D7566 specification allowing it to be used for commercial flights. Gevo produced over 1,000 gallons of the cellulosic ATJ.
On November 10, Gevo announced that gasoline blended with its isobutanol and marketed for use in automobiles has begun to be sold in the Houston area. This marks the first time that Gevo’s isobutanol has been specifically targeted towards on-road vehicles. Musket Corporation is Gevo’s distribution partner serving the Houston market. Musket is blending up specially formulated gasoline containing Gevo’s isobutanol to distribute into the on-road automobile market.
On September 7, 2016, Gevo announced that it had entered into a heads of agreement with Deutsche Lufthansa AG (“Lufthansa”) to supply Gevo’s ATJ from its first commercial hydrocarbons facility, intended to be built in Luverne, MN. The terms of the agreement contemplate Lufthansa purchasing up to 8 million gallons per year of ATJ or up to 40 million gallons over the 5-year life of the off-take agreement. The heads of agreement establishes a selling price that is expected to allow for an appropriate level of return on the capital required to build-out Gevo’s first commercial scale hydrocarbons facility. The heads of agreement is non-binding and is subject to completion of a binding off-take agreement and other definitive documentation between Gevo and Lufthansa.
Molina Healthcare, Inc. (NYSE:MOH), jumped 2.82% and closed at $51.34 in the last trading session. The last trading range of the stock ranges between $49.42 and $51.60. During the 52-week trading session the minimum price at which share price traded, registered at $44.50 and reached to max level of $67.87. Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program. The company operates through three segments: Health Plans, Molina Medicaid Solutions, and Other. The Health Plans segment operates health plans in 11 states. As of December 31, 2015, this segment served about 3.5 million members who were eligible for Medicaid, Medicare, and other government-sponsored health care programs. The Molina Medicaid Solutions segment provides design, development, implementation; business process outsourcing; hosting services; and information technology development and administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West Virginia, in addition to the U.S. Virgin Islands; and drug rebate administration services in Florida.