Pacific Sunwear of California (NASDAQ:PSUN) is scheduled to be releasing its Q413 earnings data on Tuesday, March 18th. Analysts expect Pacific Sunwear of California to post earnings of ($0.19) per share and revenue of $213.48 million for the quarter. Pacific Sunwear of California, Inc. (NASDAQ:PSUN) shares after opening at $2.82 on current trade day and now at $2.85. Company price to sales ratio in past twelve months was calculated as 0.25 and price to cash ratio as 9.72. Pacific Sunwear of California, Inc. (NASDAQ:PSUN) showed a positive weekly performance of 0.58%.
On Mar 14, 2014, we issued an updated research report on Honda Motor Co Ltd (ADR) (NYSE:HMC). The company’s efforts to develop infrastructure and introduce new products are helping in business expansion. However, we are concerned about increasing selling, general and administrative (SG&A) and research and development (R&D) expenses and debt. Frequent product recalls are also disadvantageous. Honda posted a 107.6% rise in earnings to ¥160.7 billion ($1.53 billion) or ¥89.18 (85 cents) per share in the third quarter (ended Dec 31, 2013) of fiscal 2014 from ¥77.4 billion ($0.97 billion) or ¥42.97 (41 cents) per share in the same quarter of the prior fiscal year. However, earnings per share lagged behind the Zacks Consensus Estimate of 86 cents. Honda Motor Co Ltd (ADR) (NYSE:HMC) shares fell -1.95% in current session and now trading at $35.22. HMC return on equity ratio is recorded as 8.90% and its return on assets is 3.30%. Honda Motor Co Ltd (ADR) (NYSE:HMC) yearly performance is -8.67%.
On Monday, General Motors Company (GM) announced that it was expanding its recalls by 1.5 million, after recalling 1.6 million vehicles last month. General Motors recalled the first lot of cars due to faulty ignition switches that were related to 12 deaths, according to a Reuters article. In addition to the faulty ignition switches, GM has admitted that brake parts and airbag harnesses are also reasons for the recalls. General Motors just reinstated its dividend in January, which was its first dividend since the company emerged from bankruptcy. Amid the recalls, GM says it will take a $300 million charge for the first quarter, which will be needed to deal with the costs from the recalls. In addition to the $300 million charge, Reuters reported that the company was also hit with a class action suit that was related to the ignition switches. General Motors Company (NYSE:GM) shares moved up 1.15% in current trading session and was trading at $35.03, while trading in range of $34.50 – $35.13. General Motors Company (NYSE:GM) year to date (YTD) performance is -14.51%.
In an effort to capture market share from companies like GameStop Corp. (NYSE: GME), superstore Wal-Mart Inc. (NYSE: WMT) announced plans to create its own video game trade-in program. Wal-Mart will launch its program on March 26 through its network of nearly 3,100 stores and will complement the company’s mobile device trade-in platform launched in 2013. The pre-owned video game market represents a $2-billion industry. GameStop Corp. (NYSE:GME) weekly performance is -14.51%. On current trading day company shares is at $37.95. GameStop Corp. (NYSE:GME) distance from 50-day simple moving average (SMA50) is 0.42%. Analysts mean target price for the company is $50.60.