Tag: based-on-last

EOG Resources’ Target, Estimates Boosted at Goldman Sachs (EOG)

Natural gas producer EOG Resources, Inc. ( EOG ) on Friday saw its price target and earnings estimates raised by analysts at Goldman Sachs. The firm maintained its “Buy” rating on EOG and boosted its price target from $117 to $121. That new target implies a 16% upside to the stock’s Thursday closing price of $104.22. Goldman also raised its earnings estimates for the company through 2013, following its better-than-expected fourth quarter earnings results. The analyst commented, “EOG remains a leader in developing horizontal resource plays, and the combination of superior liquids growth (28% expected CAGR 2011-14), superior cash-on-cash returns (13.7% 2011-14 avg) and exploration upside as reasons why EOG should not trade at a discounted EV/EBITDA multiple vs. peers.” EOG Resources shares rose $1.04, or +1%, in premarket trading Friday. The Bottom Line Shares of EOG Resources ( EOG ) have a .59% dividend yield, based on last night’s closing stock price of $104.22. The stock has technical support in the $95-$100 price area. If the shares can firm up, we see overhead resistance around the $110-$114 price levels. EOG Resources, Inc. ( EOG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Progress Energy Q4 Profit Slips 19%; Adjusted Net Beats View (PGN)

Filed in dividend, earnings, Gold Investing, Gold Investment, o, revenue, shares by on February 18, 2011 0 Comments

Electric utility operator Progress Energy, Inc. ( PGN ) on Friday said its fourth quarter profit fell 19% from last year on flat revenue, but adjusted results narrowly beat analyst expectations. The Raleigh, NC-based company reported fourth quarter net income of $125 million, or 42 cents per share, compared with $154 million, or 55 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 45 cents per share. Revenue remained essentially flat from last year at $2.3 billion. On average, Wall Street analysts expected a slightly smaller adjusted profit of 44 cents per share, albeit on slightly higher revenue of $2.4 billion. Looking ahead, the company predicted full-year 2011 earnings to range from $3 to $3.20 per share, while analysts expect $3.14 per share for the year. Progress also noted that its planned acquisition by rival Duke Energy ( DUK ) is still on track to close by the end of the year. Progress Energy shares were mostly flat in premarket trading Friday. The Bottom Line We have been recommending shares of Progress Energy ( PGN ) since Dec.10, 2009, when the stock was trading at $41.18. The company has a 5.40% dividend yield, based on last night’s closing stock price of $45.92. Progress Energy, Inc. ( PGN ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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FBR Analyst: Annaly Capital Still an “Outperform,” but Wary of Possible Dividend Cut (NLY)

Filed in dividend, earnings, FBR Capital, Gold Investing, o, outperform, shares, target by on February 11, 2011 0 Comments

Analysts at FBR Capital on Friday passed along some interesting opinions regarding real estate-related investment manager Annaly Capital Management, Inc. ( NLY ) on Friday. Although the firm maintained its “Outperform” rating and $20 price target on NLY, it noted a dividend cut could be in the works for the company. An FBR analyst commented, “We reiterate our rating and price target on NLY shares despite last week’s weaker-than-expected 4Q10 earnings results. While the results give us pause as to the viability of the current dividend, we believe that shares remain attractive from a long-term, risk-adjusted total return perspective. With a historically steep yield curve, the FOMC estimated to be on hold for at least another year, and declining prepayment speeds, we continue to believe that the operating environment is set up for NLY to deliver mid-to-high teen ROEs, and likewise dividend yields, for the foreseeable future.” Annaly Capital shares were mostly flat in premarket trading Friday. The Bottom Line Shares of Annaly Capital ( NLY ) have a 14.29% dividend yield, based on last night’s closing stock price of $17.92. The stock has technical support in the $15-$17 price area. If the shares can firm up, we see overhead resistance around the $20 price level. Annaly Capital Management, Inc. ( NLY ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Ingersoll-Rand Shares Plummet as Q4 Profit Misses View (IR)

Filed in dividend, earnings, Gold Investing, Gold Investment, o, revenue, shares by on February 9, 2011 0 Comments

Climate control systems maker Ingersoll-Rand plc ( IR ) on Wednesday said its fourth quarter profit jumped 52% from last year, but results still missed analyst expectations and the company offered a tepid 2011 forecast. The Dublin, Ireland-based company reported fourth quarter net income of $212.1 million, or 62 cents per share, compared with $139.4 million, or 42 cents per share, in the year-ago period. Revenue rose 12% from last year to $3.7 billion. On average, Wall Street analysts expected a higher profit of 65 cents per share, albeit on lower revenue of $3.58 billion. Looking ahead, the company forecast full-year 2011 adjusted earnings to range from $2.90 to $3.10 per share, which could miss analysts’ view for $3.07 per share. Ingersoll-Rand shares fell $2.53, or -5.2%, in premarket trading Wednesday. The Bottom Line Shares of Ingersoll-Rand ( IR ) have a .57% dividend yield, based on last night’s closing stock price of $49.03. The stock has technical support in the $42-$43 price area. If the shares can firm up, we see overhead resistance around the $54-$55 price levels. Ingersoll-Rand plc ( IR ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Coca-Cola’s Q4 Profit Rises, Beating View (KO)

Filed in dividend, Gold, Gold Bullion prices, o, revenue, shares by on February 9, 2011 0 Comments

Beverage giant The Coca-Cola Company ( KO ) on Wednesday said its fourth quarter profit surged significantly higher from last year, beating analyst estimates. The Atlanta-based company reported fourth quarter net income of $5.77 billion, or $2.46 per share, compared with $1.54 billion, or 66 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 72 cents per share. Revenue rose nearly 40% from last year to $10.49 billion. On average, Wall Street analysts expected a smaller profit of 72 cents per share, on lower revenue of $10.16 billion. Coca-Cola shares rose 94 cents, or +1.5%, in premarket trading Wednesday. The Bottom Line We have been recommending shares of Coca-Cola ( KO ) since July 30, 2009, when the stock was trading at $49.28. The company has a 2.80% dividend yield, based on last night’s closing stock price of $62.87. The Coca-Cola Company ( KO ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Wyndham Worldwide Adjusted Q4 Profit Beats View; Dividend Boosted (WYN)

Filed in dividend, Gold Bullion prices, o, revenue, shares by on February 9, 2011 0 Comments

Hotel operator Wyndham Worldwide Corporation ( WYN ) on Wednesday said its fourth quarter profit rose almost 7% from last year, beating analyst estimates, and announced a 25% boost to its quarterly dividend payout. The Parsippany, NJ-based company reported fourth quarter net income of $78 million, or 43 cents per share, compared with $73 million, or 40 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 46 cents per share. Revenue rose 2.6% from last year to $937 million. On average, Wall Street analysts expected a smaller adjusted profit of 44 cents per share, albeit on higher revenue of $943.3 million. In another announcement, the company said its board of directors has authorized a 25% raise in its quarterly dividend payout, from 12 cents to 15 cents per share. Wyndham shares rose 15 cents, or +0.5%, in premarket trading Wednesday. The Bottom Line Shares of Wyndham Worldwide ( WYN ) have a 1.56% dividend yield, based on last night’s closing stock price of $30.85. The stock has technical support in the $26-$28 price area. If the shares can firm up, we see overhead resistance around the $33-$35 price levels. Wyndham Worldwide Corporation ( WYN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Kellogg Upgraded to “Outperform” at Wells Fargo (K)

Cereal maker Kellogg Company ( K ) on Friday saw its rating and price target boosted on Friday by analysts at Wells Fargo. The firm said it upgraded K from “Market Perform” to “Outperform,” while boosting its valuation range from $51-$53 to $58-$60. That new target implies up to a 14% upside to the stock’s Thursday closing price of $52.52. A Wells analyst commented, “We expect Kellogg’s shares to appreciate as earnings surprise to the upside driven by a faster-than-expected recovery in its core N.A. retail cereal business. Kellogg enters 2011 with a 25% increase in new products versus 2009-2010 levels, increased investment in its supply chain, easy comparisons and list price increases already implemented to help cover surging input costs…our 2011E EPS to $3.50 from $3.40 (versus $3.46 consensus) and our 2012 estimate from $3.75 to $3.85 (versus $3.79 consensus) as a result.” Kellogg shares posted modest gains in premarket trading Friday. The Bottom Line We have been recommending shares of Kellogg ( K ) since Nov.3, 2010, when the stock was trading at $49.69. The company has a 3.08% dividend yield, based on last night’s closing stock price of $52.52. Kellogg Company ( K ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Aflac’s Q4 Profit Surges 74%, but Adjusted Net Still Falls Short (AFL)

Filed in dividend, earnings, Gold Investing, Gold Investment, o, revenue, shares by on February 2, 2011 0 Comments

Supplemental insurer Aflac Incorporated ( AFL ) late Tuesday said its fourth quarter profit jumped 74% from last year, but its adjusted results still missed analyst expectations. The Columbus, GA-based company reported fourth quarter net income of $437 million, or 92 cents per share, compared with $251 million, or 53 cents per share, in the year-ago period. Excluding one-time items, adjusted operating earnings were $1.33 per share. Revenue rose 15% from last year to $4.6 billion. On average, Wall Street analysts expected a slightly higher profit of $1.35 per share, on much higher revenue of $5.5 billion. Looking ahead, the company forecast 2011 adjusted earnings to $5.97 per share, or $6.09 and $6.34 per share on an as-reported basis. Analysts currently expect adjusted results of $6.19 per share for the year. Aflac shares fell $1.03, or -1.8%, in premarket trading Wednesday. The Bottom Line Shares of Aflac ( AFL ) have a 2.05% dividend yield, based on last night’s closing stock price of $58.53. The stock has technical support in the $52-$54 price area. If the shares can firm up, we see overhead resistance around the $60-$63 price levels. Aflac Incorporated ( AFL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our

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Chevron’s Q4 Profit Surges 71%, Beating View (CVX)

Filed in Chevron, dividend, Gold Investing, o, revenue, shares by on January 28, 2011 0 Comments

Oil producer Chevron Corporation ( CVX ) on Friday posted a 71% gain in fourth quarter profit on higher revenue and a big one-time gain, beating analyst estimates. The San Ramon, CA-based company reported fourth quarter net income of $5.3 billion, or $2.64 per share, compared with $3.1 billion, or $1.53 per share, in the year-ago period. Revenue rose 11% from last year to $54 billion. On average, Wall Street analysts expected a smaller profit of $2.35 per share, albeit on higher revenue of $60 billion. Chevron shares fell 45 cents, or -0.5%, in premarket trading Friday. The Bottom Line We have been recommending shares of Chevron ( CVX ) since Oct.8, 2009, when the stock was trading at $70.51. The company has 3.04% dividend yield, based on last night’s closing stock price of $94.75. Chevron Corporation ( CVX ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Travelers Upgraded to “Buy” at Argus Research (TRV)

Insurance giant The Travelers Companies, Inc. ( TRV ) on Friday caught a big upgrade from analysts at Argus Research. The firm said it upgraded TRV from “Hold” to “Buy” with a $65 price target. That target implies a 15% upside from the stock’s Thursday closing price of $56.63. An Argus analyst noted the company has a strong balance sheet as well as solid earnings momentum. Travelers shares rose 27 cents, or +0.5%, in premarket trading Friday. The Bottom Line We recently began recommending shares of Travelers ( TRV ) when the stock was trading at $55.62. The company has a 2.54% dividend yield, based on last night’s closing stock price of $56.63. The Travelers Companies, Inc. ( TRV ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Medtronic Upgraded to “Buy” at Goldman Sachs (MDT)

Medical device maker Medtronic, Inc. ( MDT ) on Friday caught a big upgrade from analysts at Goldman Sachs. The firm said it boosted its rating on MST from “Neutral” to “Buy” while raising its price target from $37 to $45. That new target implies an 18% upside from the stock’s Thursday closing price of $37.99. Goldman cited higher earnings forecasts and growing valuations for MDT’s peers for the upgrade. The analyst also noted that new management could drive upside with more aggressive corporate action, and some new cardiac rhythm products could also boost earnings. Medtronic shares rose 71 cents, or +1.9%, in premarket trading Friday. The Bottom Line Shares of Medtronic ( MDT ) have a 2.37% dividend yield, based on last night’s closing stock price of $37.99. The stock has technical support in the $34 price area. If the shares can firm up, we see overhead resistance around the $39-$41 price levels. Medtronic, Inc. ( MDT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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T. Rowe Price Q4 Profit Jumps 25%, Beating View (TROW)

Filed in dividend, Gold, Gold Bullion prices, o, revenue, shares by on January 28, 2011 0 Comments

Investment advisor T. Rowe Price Group, Inc. ( TROW ) on Friday posted a 25% gain in its fourth quarter profit, beating analyst estimates. The Baltimore-based company reported fourth quarter net income of $190.8 million, or 72 cents per share, compared with $152.5 million, or 57 cents per share, in the year-ago period. Revenue rose 19% from last year to $647.5 million. On average, Wall Street analysts expected a smaller profit of 68 cents per share, on lower revenue of $638.8 million. T. Rowe Price shares rose 88 cents, or +1.3%, in premarket trading Friday. The Bottom Line Shares of T. Rowe Price ( TROW ) have a 1.59% dividend yield, based on last night’s closing stock price of $68.07. The stock has technical support in the $63-$64 price area. The shares are trading at all-time highs and have little overhead resistance. T. Rowe Price Group, Inc. ( TROW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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