Tag: year

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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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 .

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Zillow: Home Values Lose Another $2 Trillion

Filed in BP, economy, EPS, Gold, GOld juniors, Gold Market, housing-market, Lear, o, revenue by on February 9, 2011 0 Comments
Zillow: Home Values Lose Another $2 Trillion

Anybody that thinks housing has reached a bottom needs to have their head examined. If you doubt that just ask the fine folks at Beazer Homes (NYSE:BZH) who reported a loss of $48.8 million, or 66 cents a share, down more than 200% from a $48 million, or $1.17 per share, income a year earlier. That dismal effort came on revenue that plummeted 48% to $110.3 million from $213.1 million just a year earlier. Meanwhile the spring is really not looking that much better. Beazer reported a total of 527 home closings and 540 new orders during the period, down 43.6% and down 23.9% respectively. Of course, that what happens Uncle Sam steps out of the mix with tax goodies and rebates—the market falls apart. Because the truth is despite historically low interest rates, the demand for homes of all types remains at exceptionally low levels. That’s true no matter what Lawrence Yun says. The end result is falling prices and more borrowers left underwater…. From Bloomberg by John Gittleson entitled: Home-Price Drop Leaves 27% of U.S. Owners Underwater on Loans “ The number of U.S. homes worth less than their outstanding mortgage jumped in the fourth quarter as prices fell and lenders seized fewer properties from delinquent borrowers, according to Zillow Inc. About 15.7 million homeowners had negative equity, also known as being underwater, at the end of the year, up from 13.9 million in the previous three months, the Seattle-based real estate information company said in a report today. The total represented 27 percent of mortgaged single-family homes, the highest in Zillow data dating to the first quarter of 2009. Home prices are declining as foreclosed properties sell at discounts and unemployment at 9 percent limits buyer demand. Values will fall as much as 5 percent this year, putting more homeowners underwater, before finding a floor as the economy improves, said Stan Humphries, Zillow’s chief economist. “ These seem like fairly grim numbers,” Humphries said in a telephone interview. “We’re still expecting a bottom in home values later this year. And this, if anything, makes me a bit more confident because I’m seeing very large corrections now, which means the market can start to repair itself.” The median value for a U.S. single-family home was $175,200 in the fourth quarter, down 2.6 percent from the end of September and 5.9 percent from a year earlier, according to Zillow. Values have fallen 27 percent from the June 2006 peak. Las Vegas led the nation in …

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Load up on Food ETFs…

Filed in BP, commodities, euro, GOld juniors, Gold Market, o by on February 9, 2011 0 Comments

It’s time to load up on more food ETFs, like the Market Vectors Agribusiness ETF (MOO). The USDA just reported even more inventory cuts for agriculture commodities, including corn, wheat, soybeans, sugar and rice. Couple that with last week’s Food and Agriculture (FAO) of the UN Food Index report, and food-related ETFs are likely to rocket even more, according to Briefing.com. Just last week, the FAO reported that the food price index nailed new all-time highs for January. According to Briefing.com, “ The Index rose 3.4% from December, averaging 231 points in January. This is the highest level (both in real and nominal terms) since FAO started measuring food prices in 1990. Overall, prices of all monitored commodity groups registered strong gains in January, except for meat, which remained unchanged.” Even better… “Unusual weather in 2010 hit many areas of the world, including Russia, the U.S. and many parts of Europe, which has cut inventory levels in many agriculture commodities around the world to multi-year lows. Overall, many commodities have seen notable inventory reductions including corn, wheat, soybeans, soybean meal, soybean oil, sugar, rice and coffee. Palm oil and cooking oil inventories have also fallen notably. Overall, there are both supply and demand factors driving

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Northrop Grumman’s Q4 Earnings Fall; Forecast Lowered (NOC)

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

Defense contractor Northrop Grumman Corporation ( NOC ) on Wednesday posted better-than-expected fourth quarter profits, but lowered its full-year forecast below analysts’ view. The Los Angeles-based company reported fourth quarter net income of $376 million, or $1.27 per share, compared with $413 million, or $1.31 per share, in the year-ago period. Revenue fell more than 3% from last year to $8.61 billion. On average, Wall Street analysts expected a much smaller profit of $1.01 per share, albeit on higher revenue of $8.80 billion. Looking ahead, the company forecast full-year 2011 earnings to range from $6.40 to $6.60 per share, excluding its shipbuilding business, which will be sold or spun off this year. Analysts currently expect a higher full-year profit of $6.98 per share. Northrop Grumman shares were mostly flat in premarket trading Wednesday. The Bottom Line Shares of Northrop Grumman ( NOC ) have a 2.64% dividend yield, based on last night’s closing stock price of $71.09. The stock has technical support in the $66 price area. If the shares can firm up, we see overhead resistance around the $75 price level. Northrop Grumman Corporation ( NOC ) 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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Dolby Laboratories’ (NYSE:DLB) Profits Up 25 Percent YOY

Dolby Laboratories (NYSE:DLB) reported profits in its first quarter rose by 25 percent, citing growth in service revenue and licensing fees. There was also a one-off tax event that helped them. The down side was for fiscal year 2011, Dolby cut their revenue guidance and non-GAAP earnings for the the year, saying the PC market will continue to struggle. GAAP net income for the first quarter

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The Metal People are Dying For

The Metal People are Dying For

Maybe the weak are simply being weeded from the gene pool so the strong may survive… This theory might help explain why people keep electrocuting themselves to death, cutting into live power lines to extract copper. Stories of deaths related to copper thefts have been all over the news: Last summer, a 42-year-old Appalachian man died while trying to steal copper from a live power line. Charleston Daily Mail reported “American Electric Power says copper thieves are becoming increasingly brazen, and their tactics have resulted in four deaths so far this year in the Appalachian service region.” An Illinois man hit a live wire while scrapping for copper last fall and was electrocuted. Police said this is a recent trend, with similar activity in Granite City, Venice, Brooklyn, Washington Park, and Belleville. In October, a couple from Southern California attempted to steal copper from an electrical vault. The man was electrocuted to death; the woman suffered severe burns from attempts to pull the man from the vault when it exploded. And just last month , a man attempted cutting live copper wires with a bolt cutter. He suffered from electric shock and fell 30 feet from his ladder, later dying at a Charlotte hospital. I could go on, but I think you get the point. I guess these people aren’t bright enough to know that rather than risk electrocution, it’s easier to rob someone’s house and …

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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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Time Warner Boosts Dividend as Q4 Results Beat Expectations (TWX)

Filed in dividend, earnings, G 20, Gold Bullion prices, o, revenue, shares, Time Warner by on February 2, 2011 0 Comments

Media giant Time Warner Inc. ( TWX ) on Wednesday reported better-than-expected fourth quarter results, forecast strong 2011 earnings, and announced an 11% hike in its quarterly dividend. The New York-based company reported fourth quarter net income of $769 million, or 68 cents per share, compared with $631 million, or 53 cents per share, in the year-ago period. Excluding special items, adjusted profit was 67 cents per share. Revenue rose 8% from last year to $7.8 billion. On average, Wall Street analysts expected a smaller profit of 62 cents per share, on lower revenue of $7.5 billion. Looking ahead, the company forecast 2011 adjusted earnings to rise in the “low teens” on a percentage basis from 2010′s total of $2.41 per share. That estimate implies around $2.70 per share for 2011, which compares with analysts’ current estimates of $2.70 per share for the year. TWX also said its board of directors approved an 11% increase of its quarterly dividend payout, to 24 cents per share. Time Warner shares rose 89 cents, or +2.8%, in premarket trading Wednesday. The Bottom Line Shares of Time Warner ( TWX ) will now have a 2.91% dividend yield, based on the higher dividend payout and last night’s closing stock price of $32.31. The stock has technical support in the $29.50-$30 price area. If the shares can firm up, we see overhead resistance around the $34-$35 price levels. Time Warner Inc. ( TWX ) 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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Eaton Corp Q4 Profit Beats View; Boosts Dividend; Announces 2-for-1 Split (ETN)

Filed in dividend, earnings, Gold, Gold Bullion prices, o, revenue, shares by on January 27, 2011 0 Comments

Diversified power management specialist Eaton Corporation ( ETN ) on Thursday posted better-than-expected fourth quarter earnings, raised its dividend payout by 17%, and announced a two-for-one stock split. The Cleveland-based company reported fourth quarter net income of $280 million, or $1.63 per share, compared with $211 million, or $1.25 per share, in the year-ago period. Excluding items, adjusted profit was $1.69 per share. Revenue rose 17% from last year to $3.66 billion. On average, Wall Street analysts expected a smaller profit of $1.67 per share, on lower revenue of $3.63 billion. Looking ahead, the company said it expects full-year 2011 profit to range from $7.00 to $7.60 per share, while analysts currently expect $7.26 for the year. Separately, the company boosted its quarterly dividend payout by 17%. The new dividend of 68 cents per share (up from 58 cents) will be paid on Feb. 25 to shareholders of record as of Feb. 7. Eaton also announced a two-for-one stock split, which will take place on Feb. 28 for shareholders of record as of Feb. 7. Eaton Corp shares rose 55 cents, or +0.5%, in premarket trading Thursday. The Bottom Line We have been recommending shares of Eaton Corp ( ETN ) since Nov.24, 2010, when the stock was

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Lockheed Martin’s Q4 Profit Rises 19%, Beating View (LMT)

Filed in dividend, earnings, Gold Bullion prices, o, revenue, shares by on January 27, 2011 0 Comments

Defense contractor Lockheed Martin Corporation ( LMT ) on Thursday said its fourth quarter profit rose 19% from last year, beating analyst estimates. The Bethesda, MD-based company reported fourth quarter net income of $983 million, or $2.73 per share, compared with $827 million, or $2.17 per share, in the year-ago period. Excluding special items, profit from continuing operations was $2.30 per share. Revenue rose 4.8% from last year to $12.79 billion. On average, Wall Street analysts expected a smaller profit of $2.17 per share, on lower sales of $12.48 billion. Looking ahead, the company predicted full-year 2011 adjusted earnings of $6.70 to $7 per share, on revenue ranging from $45.75 billion to $47.25. Analysts currently expect $6.74 per share for the year. Lockheed Martin shares rose 51 cents, or +0.7%, in premarket trading Thursday. The Bottom Line We have been recommending shares of Lockheed Martin ( LMT ) since Oct.1, 2010, when the stock was trading at $71.28. The company has a 3.83% dividend yield, based on last night’s closing stock price of $78.39. Lockheed Martin Corporation ( LMT ) 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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Automatic Data Processing Q2 Profit Falls 2%, but Still Beats View (ADP)

Filed in dividend, earnings, Gold, o, shares by on January 26, 2011 0 Comments

Business outsourcing solutions provider Automatic Data Processing ( ADP ) on Wednesday posted better-than-expected fiscal second quarter earnings despite a drop in quarterly profit. The Roseland, NJ-based company reported fiscal second quarter net income of $310.1 million, or 62 cents per share, compared with $315.8 million, or 62 cents per share, in the year-ago period. ADP noted it has bought back nearly 2.4 million shares since the beginning of the year, which accounts for the flat per-share earnings on lower profit. On average, Wall Street analysts expected a slightly smaller profit of 61 cents per share in the latest period. ADP shares were mostly flat in premarket trading Wednesday. The Bottom Line Shares of Automatic Data Processing ( ADP ) have a 2.90% dividend yield, based on last night’s closing stock price of $49.69. The stock has technical support in the $45 price area. If the shares can firm up, we see overhead resistance around the $51-$54 price levels. Automatic Data Processing ( ADP ) 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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