Highwoods Properties Q1 Profit Drops

Soaring strikeout rates, poor leaguewide batting average signal pitchers’ early-season dominance

Roughly a month into the regular season, it’s rarely a good idea to start jumping to conclusions. Yet many fantasy managers with teams off to slow starts are already out on the edge of the diving board contemplating a full-on cannonball into the still chilly waters.

One thing we do know (and likely should have expected): Pitchers are ahead of the hitters.

Strikeout rates are once again on a record pace, with 24.6% of all plate appearances ending with a K in the score book.

We’ve already seen nine-inning no-hitters from Joe Musgrove and Carlos Rodon, plus another seven-inning no-no from Madison Bumgarner. The leaguewide batting average at the beginning of the week was a lowly .232. That’s five percentage points lower than the worst full season in history – the .237 mark in 1968 that led to MLB lowering the height of the pitcher’s mound the following season.

Chemed Q1 Profit Rises

Chemed Corp. (CHE) reported that its first-quarter net income rose to $65.40 million or $4.01 per share from $55.89 million or $3.38 per share in the previous year.

Adjusted earnings per share was $4.44, an increase of 20.7% from the prior year.

Revenue increased 2.2% to $527 million from last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $4.02 per share and revenues of $510.26 million for the first-quarter. Analysts’ estimates typically exclude special items.

European Economics Preview: Italy’s Business Confidence Data Due

Business and consumer confidence data from Italy is due on Tuesday, headlining a light day for the European economic news.

At 3.30 am ET, Sweden’s central bank is set to announce its interest rate decision. The bank is expected to hold its key rate at zero percent.

In the meantime, producer prices, foreign trade and unemployment figures are due from Statistics Sweden.

At 4.00 am ET, Italy’s Istat releases business and consumer confidence survey results. The business confidence index is forecast to rise to 102.5 in April from 101.2 in March. The consumer sentiment index is seen at 102.0 versus 100.9 a month ago.

At 6.00 am ET, the Confederation of British Industry releases UK Distributive Trades survey results. The retail sales balance is seen at -5 percent in April versus -45 percent in March.

At 8.00 am ET, Hungary’s central bank rate decision is due. Economists expect the bank to hold its key rate at 0.60 percent.

Toronto Blue Jays’ Vladimir Guerrero Jr. blasts three home runs vs. Washington Nationals

Vladimir Guerrero Jr. of the Toronto Blue Jays did something Tuesday night even his Hall of Fame father never did: hit three home runs in a game. 

Just 42 days after celebrating his 22nd birthday, Guerrero became the youngest player since at least 1901 to record three homers and seven RBI in the same game. And he hit two of them against one of the best pitchers in the majors, three-time Cy Young Award winner Max Scherzer of the Washington Nationals. 

Guerrero started things off in style with a grand slam in the third inning that turned a 3-0 deficit into a 4-3 lead. Facing Scherzer in the fifth, Guerrero launched a solo shot to left. And then in the seventh, he launched a two-run blast to right to close out the scoring in a 9-5 victory. 

All three Vladimir Guerrero Jr. home runs tonight! pic.twitter.com/9gVqfWhIAs

Bidens to visit Jimmy and Rosalynn Carter while in Georgia

WASHINGTON — President Joe Biden and first lady Jill Biden will visit the 39th president, Jimmy Carter, and his wife, Rosalynn, while in Georgia this week, the White House said Tuesday.

The White House had previously announced that Biden would attend a drive-in rally in Atlanta on Thursday to mark his 100th day in office, which comes a day after his first address to a joint session of Congress on Wednesday evening. The Bidens will now add in a trip to Plains, Georgia, to visit the Carters.

The 96-year-old former president and the 93-year-old former first lady were unable to attend Biden’s inauguration because of the coronavirus pandemic. Both couples are now vaccinated, and the Carters have resumed worshipping in-person at their longtime church.

Biden was a young Delaware senator and Carter ally during the Georgian’s term in the White House, from 1977 to 1981. Carter is now the longest-lived American president in history.

Crash on Auckland’s southern motorway, drivers asked to take another route

A crash between a bus and a truck has caused congestion on Auckland’s Southern motorway.

Around 2.25pm NZTA said a crash was blocking the centre northbound lane prior to the Khyber Pass off-ramp, causing delays from Mount Wellington to Khyber Pass Rd.

The right two lanes are now also blocked to assist with vehicle recovery.

More to come.

Highwoods Properties Q1 Profit Drops

Highwoods Properties Inc. (HIW) reported that its net income available for common stockholders for the first quarter of 2021 dropped to $54.5 million or $0.52 per share from $185.5 million or $1.79 per share last year. The prior year result included $1.43 per share of gains on disposition of depreciable properties.

Funds from operations available for common stockholders was $97.5 million, or $0.91 per share, for the first quarter of 2021.

Rental and other revenues for the quarter declined to $183.81 million from $192.80 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share and revenues of $181.09 million for the quarter. Analysts’ estimates typically exclude special items.

The company has updated its full year 2021 FFO outlook to $3.54 to $3.66 per share, which compared to the prior range of $3.50 to $3.66 per share.