Mead Johnson Posts Q4 Profit Rises on Higher Sales; 2013 EPS Outlook Below View  (MJN)

Mead Johnson Posts Q4 Profit Rises on Higher Sales; 2013 EPS Outlook Below View (MJN)

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Children’s nutrition firm Mead Johnson Nutrition Co. (MJN) reported before the bell on Thursday fourth quarter results that were up and exceeded the Wall Street view.

The Glenview, Illinois-based company posted at fourth quarter profit of $132.3 million up from $89.3 million earned in the year ago period. Adjusted earnings came in at $146.7 million, or 72 cents, per share; this beat the Wall Street view according to Thomson Reuters, as analysts expected earnings per share to be 68 cents.

Revenue for the company was up +6% from $911.3 million to $981.1 million in the quarter. Analysts were expecting revenues to be $956.32 million.

The company is forecasting earnings to be in the range of $3.20 to $3.28 per share for all of 2013. Adjusted earnings is expected to be between $3.22 and $3.30 per share. Analysts are estimating an EPS of $3.33 for full year 2013.

Mead Johnson shares were up $1.94, or +2.85%, during pre-market trading on Thursday. The stock is down -7.94% over the past year.

The Bottom Line
Shares of Mead Johnson (MJN) have a dividend yield of 1.76% based on last night’s closing price of $68.15.

Mead Johnson Nutrition Co (MJN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

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