Tag: dividend

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 .

Continue Reading »

Digital Realty Trust Q4 FFO Rises; Forecast Boosted (DLR)

Data center REIT Digital Realty Trust, Inc. ( DLR ) on Friday posted better-than-expected fourth quarter funds from operations and lifted its full-year 2011 forecast. The San Francisco-based company reported fourth quarter funds from operations (FFO) of $102.91 million, or 98 cents per share, compared with $69.43 million, or 79 cents per share, in the year-ago period. Excluding one-time items, adjusted FFO was 96 cents per share. Revenue surged more than 40% from last year to $239 million. On average, Wall Street analysts expected smaller FFO of 91 cents per share, albeit on higher revenue of $242 million. Looking ahead, the company boosted its full-year 2011 FFO guidance to a range of $3.80 to $3.95 per share, while analysts expect $3.85 per share for the year. Digital Realty Trust shares were mostly flat in premarket trading Friday. The Bottom Line We recently added shares of Digital Realty Trust ( DLR ) to our recommended list. The company has a 4.86% dividend yield, based on last night’s closing stock price of $56.02. Digital Realty Trust, Inc. ( DLR ) 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 .

Continue Reading »

CF Industries Q4 Profit Beats View on Rising Fertilizer Demand (CF)

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

Fertilizer maker CF Industries Holdings, Inc. ( CF ) late Thursday posted better-than-expected fourth quarter earnings results, aided by strong demand for its products and the addition of sales from its acquisition of rival Terra Nitrogen. The Deerfield, IL-based company reported fourth quarter net income of $200.3 million, or $2.78 per share, compared with $51.4 million, or $1.04 per share, in the year-ago period. Excluding one-time items, adjusted profit was $2.65 per share. Revenue more than doubled from last year to $1.24 billion. On average, Wall Street analysts expected a smaller profit of $2.56 per share, on lower revenue of $1.19 billion. CF Industries shares fell 81 cents, or -0.6%, in premarket trading Friday. The Bottom Line CF Industries ( CF ) has been an “aggressive” recommendation for us, but is not a name we think yield-focused investors should be considering. The company has a .27% dividend yield, based on last night’s closing stock price of $147.81. CF Industries Holdings, Inc. ( CF ) 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 .

Continue Reading »

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 .

Continue Reading »

Campbell Soup Shares Plunge after Cutting 2011 Forecast (CPB)

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

Packaged foods maker Campbell Soup Company ( CPB ) on Friday posted fiscal second quarter earnings that met analyst expectations, but cut its full-year outlook, sending its shares plummeting in premarket trading. The Camden, NJ-based company reported fiscal second quarter net income of $239 million, or 71 cents per share, compared with $259 million, or 74 cents per share, in the year-ago period. Revenue fell 1% from last year to $2.13 billion. On average, Wall Street analysts expected a matching profit of 71 cents per share, albeit on slightly higher revenue of $2.15 billion. Looking ahead, the company cut its full-year 2011 outlook, citing weaker-than-expected soup sales. It now expects full-year revenue to range from a 1% decline to a 1% rise, and forecast profits to fall 1% to 3%. Campbell Soup shares plunged $1.45, or -4.2%, in premarket trading Friday. The Bottom Line We recently removed shares of Campbell Soup ( CPB ) from our recommended list. The company has a 3.32% dividend yield, based on last night’s closing stock price of $34.94. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the $36 price level. Campbell Soup Company ( CPB ) 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 .

Continue Reading »

Nordstrom Q4 Profit Jumps 35%; Will Acquire HauteLook for $180 Million (JWN)

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

Fashion retailer Nordstrom, Inc. ( JWN ) late Thursday said its fourth quarter profit surged 35% from last year, beating analyst estimates, as the company announced the acquisition of discount luxury website HauteLook. The Seattle-based company reported fourth quarter net income of $232 million, or $1.04 per share, compared with $172 million, or 77 cents per share, in the year-ago period. Revenue rose 10% from last year to $2.92 billion. On average, Wall Street analysts expected a smaller profit of 99 cents per share, on lower revenue of $2.83 billion. Looking ahead, the company forecast full-year 2011 earnings to range from $2.95 to $3.10 per share. Analysts currently expect $3.04 per share for the year. In a separate announcement, Nordstrom said it would buy discount luxury goods website HauteLook for $180 million in stock. Nordstrom shares fell $1.27, or -2.7%, in premarket trading Friday. The Bottom Line Shares of Nordstom ( JWN ) have a 1.72% dividend yield, based on last night’s closing stock price of $46.48. The stock has technical support in the $40-$44 price area. If the shares can firm up, we see overhead resistance around the $50 price level. Nordstrom, Inc. ( JWN ) 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 .

Continue Reading »

Market Wrap-Up for Feb.17 (WTW, DPS, CLF, WMB, KO, LO, SJM, more)

Filed in AMAG, Apple, dividend, earnings, Ford, Gold, Gold Bullion prices, lead, o, shares by on February 17, 2011 0 Comments

It was an overall steady day for the markets, along with a decent number of dividend payouts coming over the wires. Earnings boosted several dividend names, but the biggest winner of the day was Weight Watchers ( WTW ) after the company just stunned analysts with the size of its 2011 earnings estimates. Shares of WTW rallied over $20 this morning on that news. Other earnings plays that had a good day included recently-recommended name Dr. Pepper Snapple Group ( DPS ). Cliffs Natural Resources ( CLF ) and J.M. Smucker Company ( SJM ) traded in the green as well following earnings results. Williams Co. ( WMB ) was up on news the company will be splitting in two. The company also announced a dividend boost. Late in the morning, beverage giant Coca-Cola ( KO ) announced a 7% increase in its dividend payout. Tobacco play Lorillard ( LO ) announced a 16% increase in its dividend payout to lift shares almost 2%. We had removed shares of Lorillard from our recommended list recently on concerns we have surrounding the coming FDA judgement/opinion on use of menthol in cigarettes, which accounts for the majority of Lorillard’s sales. I have to admit, I am a big fan of American Idol. My kids and I really enjoy the whole “dreams can come true” mindset for the contestants. Last night was another episode of “cut-downs” as singers needed to perform as part of groups. It’s always interesting to see the type of friction this can cause as egos are clashing everywhere you turn. What amazes me is that often times the individual performers that we thought were amazing on their own, begin to crumble when taken into a different situation. They lose sight of what needs to be done to get through to the next rounds. You see some completely unravel and throw the opportunity they had once cherished right down the drain. This phenomenon isn’t unlike the investing world in that many individuals know what needs to get done to build wealth, but for some reason or another, can not seize the moment. Whether it is just putting some extra coin to the side every month, spending some money to find quality research and investment ideas, or swallowing their pride when an investment idea doesn’t pan out, investors consistently make big mistakes. I know the market continues to move higher and some people may be waiting for a pullback. There is nothing wrong with doing so, but don’t skip your monthly investments you can be making because of that. There are plenty of good yield plays that you can still find to put money to work in, even after the nice run the market has had. Taking financial responsibility and knowing what you can afford to do is the key. I talk about investing in quality dividend-paying stocks as a great way to build up your future income, but if you are spending like there’s no tomorrow as well, then that is a risk that could eventually negate all the good you might be doing on the investment side. Saving is a mantra that needs to also be adopted…

Continue Reading »

Weight Watchers 2011 Forecast Blows Away Expectations; Shares Rocket Higher (WTW)

Filed in dividend, earnings, Gold Bullion prices, Guidance, o, revenue, shares by on February 17, 2011 0 Comments

Weight management specialist Weight Watchers International, Inc. ( WTW ) on Thursday posted better-than-expected fourth quarter earnings and provided at 2011 forecast that wowed investing, sending its shares soaring in premarket trading. The New York-based company reported forth quarter net income of $48.9 million, or 66 cents per share, compared with just $18.7 million, or 24 cents per share, in the year-ago period. Excluding items, adjusted profit was 64 cents per share. Revenue jumped almost 15% from last year to $356.7 million. On average, Wall Street analysts expected a smaller profit of 56 cents per share, on lower revenue of $321 million. The company’s real surprise came in its guidance. For 2011, WTW said it expects full-year earnings to range from $3.50 to $3.85 per share, which would absolutely blow away analysts’ view for $2.77 per share. Weight Watchers shares surged $14.88, or +33%, in premarket trading Thursday. The Bottom Line Shares of Weight Watchers ( WTW ) have a 1.56% dividend yield, based on last night’s closing stock price of $44.92. The stock is blowing through all-time high levels of $57-$58 a share this morning. We’ll see if this level of overhead resistance plays a role in the stock as the day progresses. Weight Watchers International, Inc. ( WTW ) 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 .

Continue Reading »

Dr Pepper Snapple Q4 Profit Falls, but Still Beats View; Shares Rise (DPS)

Filed in Apple, dividend, earnings, Gold Bullion prices, o, shares by on February 17, 2011 0 Comments

Beverage giant Dr Pepper Snapple Group Inc. ( DPS ) on Thursday posted better-than-expected fourth quarter earnings, sending its shares soaring in premarket trading. The Plano, TX-based company reported fourth quarter net income of $112 million, or 49 cents per share, compared with $114 million, or 44 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 67 cents per share. Net sales rose 4% from last year to $1.41 billion. On average, Wall Street analysts expected a smaller adjusted profit of 63 cents per share. Looking ahead, the company forecast full-year 2011 earnings to range from $2.70 to $2.78 per share, while analysts expect $2.72 per share for the year. Dr Pepper Snapple shares rose $1.50, or +4.4%, in premarket trading Thursday. The Bottom Line We recently added shares of Dr.Pepper Snapple Group ( DPS ) to our recommended list. The company has a 2.92% dividend yield, based on last night’s closing stock price of $34.25. Dr Pepper Snapple Group Inc. ( DPS ) 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 .

Continue Reading »

Dividend Stock Leaders for the Week of Feb.7-11 (CLX, RL, NYX, EXPE, ATVI, more)

Here are some of the biggest dividend stock winners and losers from the week that just ended. Company Fri. Close Weekly % Change Dividend Yield NYSE Euronext ( NYX ) $38.31 +17.34% 3.13% J.C. Penney ( JCP ) $36.30 +14.91% 2.20% Polo Ralph Lauren Corporation ( RL ) $126.87 +12.71% 0.63% Whole Foods Market Inc. ( WFMI ) $59.67 +12.58% 0.67% Wynn Resorts ( WYNN ) $129.10 +9.35% 0.77% Clorox Company (The) ( CLX ) $71.26 +8.53% 3.09% Dr Pepper Snapple Group Inc ( DPS ) $33.96 -4.71% 2.94% Consol Energy ( CNX ) $47.00 -4.72% 0.85% Activision Blizzard Inc ( ATVI ) $10.78 -8.18% 1.53% Compania Buenaventura S.A. ( BVN ) $40.04 -8.81% 1.50% Computer Sciences Corporation ( CSC ) $47.92 -14.06% 1.67% Expedia Inc. ( EXPE ) $21.31 -15.60% 1.31% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

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 .

Continue Reading »

Wynn Resorts Swings to Q4 Profit, Beating View (WYNN)

Filed in dividend, Gold Investment, o, revenue, shares, Wynn Resorts by on February 11, 2011 0 Comments

Casino operator Wynn Resorts, Limited ( WYNN ) on Friday said it swung to a fourth quarter profit, beating analyst estimates, aided chiefly by a huge jump in its Macau unit. The Las Vegas-based company reported fourth quarter net income of $114.2 million, or 91 cents per share, compared with a net loss of $5.2 million, or -4 cents per share, in the year-ago period. Revenue surged 33% from last year to $1.24 billion. On average, Wall Street analysts expected a much smaller profit of 71 cents per share, on lower revenue of $1.134 billion. On a sour note, however, the company said that although its Macau business remained robust, that the Las Vegas casino market would likely continue to struggle in 2011. Wynn Resorts shares were mostly flat in premarket trading Friday. The Bottom Line Shares of Wynn Resorts ( WYNN ) have a .83% dividend yield, based on last night’s closing stock price of $120.15. The stock has technical support in the $112-$116 price area. If the shares can firm up, we see overhead resistance around the $126-$127 price levels. Wynn Resorts, Limited ( WYNN ) 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 .

Continue Reading »