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Shauna O'Brien Feb 04, 2015
Before the opening bell on Wednesday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.
Automatic Data Processing (ADP ) reported second quarter net income of $331.5 million, or 69 cents per share, down from $377 million, or 78 cents per share, last year. Earnings from continuing operations rose to $334 million, or 70 cents per share – above analysts’ view of 68 cents.
Revenue increased to $2.66 billion from $2.49 billion last year. Analysts expected to see revenue of $2.68 billion.
Looking ahead, ADP expects to see FY2015 revenue growth between 7% and 8% and EPS growth between 12% and 14%.
Humana (HUM ) reported fourth quarter adjusted EPS of $1.09, up from 80 cents, last year. Analysts expected to see EPS of $1.16. Revenue rose 21% to $12.33 billion, but missed analysts’ view of $12.4 billion.
For FY2015, the company expects to see EPS between $8.50 and $9.00 and revenue between $54.5 billion and $55 billion. Analysts expect to see full year EPS of $8.87.
Ralph Lauren Liquid error: internal reported third quarter earnings of $215 million, or $2.41 per share, down from $237 million, or $2.57 per share, in the year prior. Revenue rose 1% to $2.03 billion from $2.02 billion last year. On average, analysts expected to see EPS of $2.50 and $2.09 billion in revenue.
Looking ahead, the company has adjusted its outlook for FY2015. RL now expects to see sales growth of about 4% (compared to its previous estimate of 5%-7% growth).
The company also announced that it has boosted its dividend by 11% to 50 cents per share. The next dividend will be paid on April 10 to shareholders of record on March 27.
Marathon Petroleum (MPC ) reported Q4 net income of $2.86 per share, above analysts’ view of $1.38 per share. Revenue came in at $22.25 billion, above analysts’ view of $19.86 billion.
Scotts Miracle-Gro (SMG ) reported a net loss of $1.13 per share for the first quarter, which missed analysts’ view of a net loss of $1.07 per share. Revenue was $216.2 million, above analysts’ view of $200.7 million.