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Feb. 7, 2012, 6:51 a.m. EST

Stocks to watch Tuesday: Kenexa, Coinstar, ViaSat

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By MarketWatch

WASHINGTON (MarketWatch) — Among the stocks that could see active trade in Tuesday’s session are Kenexa Corp., Coinstar Inc. and ViaSat Inc.

Two more Dow Jones Industrial Average components, Coca-Cola Co. /zigman2/quotes/209159848/composite KO -0.51% and Walt Disney Co. /zigman2/quotes/203410047/composite DIS +0.46% , are scheduled to release financial results Tuesday. Other notables: Lincoln National Group /zigman2/quotes/205272400/composite LNC -1.36% , Western Union Co. /zigman2/quotes/206269665/composite WU -1.35% , Anadarko Petroleum Corp. , Martin Marietta Materials Inc. /zigman2/quotes/208827848/composite MLM -0.03% , Emerson Electric /zigman2/quotes/200181610/composite EMR -0.64% , Becton Dickinson & Co. /zigman2/quotes/205527610/composite BDX -0.17% , Perrigo Co. /zigman2/quotes/201110862/composite PRGO +0.07% , Church & Dwight Inc. /zigman2/quotes/203816376/composite CHD +0.24% , Ralcorp Holdings Inc. , Panera Bread Co. , Harman International Industries Inc. , Cerner Corp. /zigman2/quotes/209885277/composite CERN -0.26% , Glatfelter /zigman2/quotes/201799418/composite GLT +0.43% , Agco Corp. /zigman2/quotes/203686311/composite AGCO +0.51%  and Badger Meter Inc. /zigman2/quotes/205487140/composite BMI +0.44% , among others.

Amid reports of growing doubts over whether its merger with Medco Health Solutions Inc.   will pass regulatory muster, Express Scripts Inc.  said late Monday a subsidiary priced a $3.5 billion debt offering in connection with the proposed deal. The private offering — $1 billion of 2.1% senior notes due 2015, $1.5 billion of 2.65% senior notes due 2017 and $1 billion of 3.9% senior notes due 2022 — is expected to close Feb. 9, St. Louis-based Express Scripts said. Net proceeds will be applied toward paying a portion of the cash consideration in the Medco deal as well as repaying a merger-related bridge loan, Express Scripts said. The subsidiary will be required to redeem the notes in the event that the Medco merger doesn’t occur, according to Express Scripts.

Along with reporting fourth-quarter financial results, Kenexa issued its financial forecast for the first quarter of 2012 and for the full year. “Uncertainty regarding the global economy remains at a very high level ... As we look ahead, we are cautiously optimistic regarding Kenexa’s outlook for 2012,” said CEO Rudy Karsan in the earnings release. The Wayne, Pa.-based company also announced the acquisition of OutStart, a privately held provider of e-learning solutions and services. A purchase price wasn’t disclosed, but Kenexa said the deal would be funded from its existing cash balance. Based in Boston, OutStart serves more than 300 customers. Management anticipates the buyout will “be at least neutral to non-GAAP net income” per share for 2012. Kenexa pegged its non-GAAP profit at 15 cents to 17 cents a share for the first quarter and in a range of 95 cents to $1.07 a share for all of 2012. The company also projected net revenue of $75.8 million to $76.8 million for the quarter and $344 million to $354 million for the year.

Along with reporting fourth-quarter results, Genomic Health Inc.  said it anticipates generating net income of $5 million to $8 million for 2012. However, this would be before an incremental loss of up to $8 million incurred as a result of setting up a new subsidiary, the Redwood City, Calif.-based company said. The subsidiary will be established to make “clinically relevant genetic information available to physicians and patients” starting in 2013, Genomic Health said. It plans to invest up to $20 million in the unit over the next two years. The company also pegged full-year revenue in a range of $230 million to $240 million, compared to $206.1 million for 2011, and projected it would deliver 75,000 to 77,000 Oncotype DX test results during 2012, up from more than 66,600 last year.

Boardwalk Pipeline Partners LP  said underwriters have exercised their option to purchase additional common units, bringing the total size of the secondary public offering to 9.2 million units. Net proceeds will be about $250 million, the Houston-based partnership said. The proceeds will be used, among other things, to repay outstanding borrowings under its revolving credit facility, Boardwalk Pipeline Partners said.

Along with reporting fourth-quarter results, Owens & Minor Inc. /zigman2/quotes/204317691/composite OMI +0.03%  said its board approved a 10% increase in the company’s quarterly dividend, to 22 cents a share. The new cash dividend is payable March 30 to stockholders of record as of March 15, the Richmond, Va.-based distributor of name-brand medical and surgical supplies said.

Monday earnings recap

Coinstar /zigman2/quotes/207735331/composite CSTR +0.14%  said its Redbox unit will pay up to $100 million in purchasing NCR Corp.’s entertainment assets, including DVD kiosks. The move comes as Bellevue, Wash.-based Coinstar reported fourth-quarter earnings of $31.5 million, or $1 a share, up from $11.7 million, or 35 cents, earned in the final three months of 2010. Quarterly revenue jumped 33% to $520.5 million, as revenue from Redbox rose 40% to $445.6 million. Analysts polled by FactSet Research had, on average, been looking for a profit of 65 cents a share on sales of $498.3 million. As for 2012, management forecast that Coinstar would earn 76 cents to 91 cents a share on revenue of $530 million to $555 million for the first quarter, on the way to full-year earnings of $3.80 to $4.30 a share on revenue pegged between $2.08 billion and $2.25 billion.

Separately, NCR /zigman2/quotes/203631053/composite NCR +2.26%  posted fourth-quarter earnings on an adjusted basis of 65 cents a share, on revenue of $1.64 billion. The FactSet-derived consensus had been for earnings of 57 cents a share on revenue of $1.59 billion.

Costs associated with a launch delay weighed on earnings for the third quarter ended Dec. 30, ViaSat said. The Carlsbad, Calif.-based company /zigman2/quotes/209854515/composite VSAT +2.06%  reported net earnings of $5.1 million, or 12 cents a share, down from $12.9 million, or 30 cents, earned in the third quarter of fiscal 2011. On an adjusted basis, ViaSat’s quarterly profit would have fallen to $11.6 million, or 26 cents a share, from the prior year’s $18.6 million, or 43 cents. Third-quarter revenue rose to $205 million from $195.9 million a year earlier. Following the delay, the launch of the ViaSat-1 satellite into geosynchronous orbit took place in October, paving the way for the introduction of Exede, the company’s high-capacity broadband service.

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