Tag: rating

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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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 .

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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 .

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Marathon Oil’s Target Boosted at Goldman Sachs (MRO)

Integrated oil and natural gas producer Marathon Oil Corporation ( MRO ) on Monday saw its price target upped by analysts at Goldman Sachs. The firm said it raised its target on MRO from $51 to $58, which implies a 27% upside to the stock’s Friday closing price of $46.48. Goldman also reiterated its “Buy” rating on the stock, saying that “Based on our updated E&P valuation analysis, we continue to see Marathon as an inexpensive means to gain exposure to our constructive outlook for Mid-Continent refining margins.” Marathon Oil shares were mostly flat in premarket trading Monday. The Bottom Line We have been recommending shares of Marathon Oil ( MRO ) since Jan.26, 2011, when the stock was trading at $43.55. The company has a 2.15% dividend yield, based on Friday’s closing stock price of $ 46.48. Marathon Oil Corporation ( MRO ) 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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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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Strong Demand Propels Agrium’s Q4 Earnings Beat (AGU)

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

Fertilizer maker Agrium Inc. ( AGU ) on Wednesday posted better-than-expected fourth quarter earnings results, as higher crop prices fueled demand for its products. The Calgary, Alberta, Canada-based company reported fourth quarter net income of $158 million, or $1 per share, compared with just $30 million, or 19 cents per share, in the year-ago period. Exlcuding one-time items, adjusted profit was $1.38 per share. Revenue surged 63% from last year to $2.35 billion. On average, Wall Street analysts expected a smaller profit of $1.15 per share, on much lower revenue of $1.86 billion. Agrium shares rose $1.37, or +1.5%, in premarket trading Wednesday. The Bottom Line Shares of Agrium ( AGU ) have a .12% dividend yield, based on last night’s closing stock price of $93.43. The stock has technical support in the $85-$88 price area. If the shares can firm up, we see overhead resistance around the $100 price level. Agrium Inc. ( AGU ) 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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Clorox Q2 Earnings Plunge 81% on Charges; Adjusted Net Beats View (CLX)

Filed in dividend, earnings, Gold Investing, Gold Investment, o, revenue, shares by on February 4, 2011 0 Comments

Cleaning products maker The Clorox Company ( CLX ) on Friday said its fourth quarter profit plummeted 81% from last year due to hefty one-time charges, but its adjusted results beat analyst expectations. The Oakland-based company reported fourth quarter net income of $21 million, or 15 cents per share, compared with $110 million, or 77 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 68 cents per share. Revenue fell 3% from last year to $1.18 billion. On average, Wall Street analysts expected a much lower adjusted profit of 46 cents per share, albeit on slightly higher revenue of $1.19 billion. Looking ahead, the company said it expects full-year 2011 adjusted earnings to range from $3.85 to $4 per share, which could miss analysts’ estimates of $3.99 per share for the year. Clorox shares fell 98 cents, or -1.5%, in premarket trading Friday. The Bottom Line We have been recommending shares of Clorox ( CLX ) since July 30, 2009, when the stock was trading at $60.26. The company has a 3.45% dividend yield, based on last night’s closing stock price of $63.75. The Clorox Company ( CLX ) 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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Weyerhaeuser Swings to Q4 Profit as Adjusted Net Beats View (WY)

Filed in dividend, Gold Investing, o, revenue, shares by on February 4, 2011 0 Comments

Forest products maker Weyerhaeuser Company ( WY ) on Friday said it reversed a year-ago loss in the fourth quarter, as adjusted results beat analyst expectations, and the company continued to sell off some of its timberlands. The Federal Way, WA-based company reported fourth quarter net income of $171 million, or 32 cents per share, compared with a net loss of $175 million, or 83 cents per share, in the year-ago period. Excluding one-time gains from timberland sales, adjusted profit was 10 cents per share. Revenue rose 14% from last year to $1.66 billion. On average, Wall Street analysts expected a smaller profit of 5 cents per share, on lower sales of $1.55 billion. The company also announced that it sold some 82,000 acres of timberlands in southwestern Washington state to the Hancock Timber Resource Group, for an asking price of approximately $200 million. Weyerhaeuser shares rose 43 cents, or +1.8%, in premarket trading Friday. The Bottom Line We have been recommending shares of Weyerhaeuser ( WY ) since Jan.21, 2011, when the stock was trading at $21.60. The company has a .85% dividend yield, based on last night’s closing stock price of $23.60. Weyerhaeuser Company ( WY ) 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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Fortune Brands Q4 Profit, Sales Beat View; Shares Rise (FO)

Filed in dividend, earnings, Gold Investment, o, revenue, shares by on February 4, 2011 0 Comments

Consumer products conglomerate Fortune Brands, Inc. ( FO ) on Friday posted better-than-expected fourth quarter earnings results, sending its shares sharply higher in premarket trading. The Deerfield, IL-based company reported fourth quarter net income of $85.4 million, or 55 cents per share, compared with $11.5 million, or 8 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 63 cents per share. Net sales rose more than 5% from last year to $1.90 billion. On average, Wall Street analysts expected a smaller profit of 58 cents per share, on lower revenue of $1.8 billion. Fortune noted that it’s on track to complete the spin-offs of its home goods and golf units. That process should be completed by mid-2011. Looking ahead, the company said it expects 2011 full-year earnings to rise in the high single-digits to the high-teens range, excluding effects from the planned spin-offs. Fortune Brands shares rose $2.51, or +4.1%, in premarket trading Friday. The Bottom Line Shares of Fortune Brands ( FO ) have a 1.23% dividend yield, based on last night’s closing stock price of $61.55. The stock has technical support in the $55-$56 price area. If the shares can firm up, we see overhead resistance around the $65 price level. Fortune Brands, Inc. ( FO ) 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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Aetna Shares Surge as Q4 Results Beat View, Dividend Boosted (AET)

Filed in dividend, Ford, Gold Investing, o, revenue, shares by on February 4, 2011 0 Comments

Health insurance provider Aetna Inc. ( AET ) on Friday said its fourth quarter profit jumped 30% from last year, and the company significantly raised its dividend payout, sending its shares soaring in premarket trading. The Hartford, CT-based company reported fourth quarter net income of $215.6 million, or 53 cents per share, compared with $165.9 million, or 38 cents per share, in the year-ago period. Excluding one-time items, adjusted operating profit was 63 cents per share. Revenue fell 2% from last year to $8.54 billion. On average, Wall Street analysts expected a slightly smaller profit of 62 cents per share, on lower revenue of $8.32 billion. The company also announced a new 15 cent per-share quarterly dividend payout, up significantly from its prior payout of just 4 cents annually. The new dividend will be paid on Apr. 28 to shareholders of record as of Apr. 14. Aetna shares rose $4.86, or +15%, in premarket trading Friday. The Bottom Line Shares of Aetna ( AET ) will now have a 1.80% dividend yield, based on the new higher dividend payout and last night’s closing stock price of $33.27. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the $36-$38 price levels. Aetna Inc. ( AET ) 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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