Earnings: Western Union, Primerica, Tanger Factory Outlet (WU, PRI, SKT)
Mike Deane Feb 10, 2015
After the bell on Tuesday, 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.
Western Union Beats Estimates; Raises Dividend
Western Union (WU ) reported fourth quarter revenues of $1.41 billion, down slightly from last year’s $1.42 billion. Net income for the quarter came in at $221.5 million, or 42 cents per diluted share, up from last year’s Q4 net income of $173.4 million, or 31 cents per share. WU beat analysts’ EPS estimates of 34 cents, but revenues missed the estimate of $1.44 billion. In addition to announcing its Q4 earnings, Western Union also announced a raise to its dividend, boosting the quarterly payout from 12.5 cents to 15.5 cents. The dividend is payable on March 31 to all shareholders on record as of March 17. The stock goes ex-dividend on March 13.
Primerica Misses EPS Estimate; Beats on Revenue
Primerica, Inc. (PRI ) reported fourth quarter revenues of $345.4 million, which are up 9% from last year’s Q4 revenues of $318.2 million. Net income for the quarter came in at $45.5 million, or 84 cents per share, compared to last year’s Q4 figures of $37.2 million, or 67 cents per diluted share. PRI just misses analyst expectations of 85 cents EPS, but revenues came in above the $339.94 million estimate.
Tanger Factory Outlet Misses Q4 Estimates
Tanger Factory Outlet (SKT ) reported adjusted fourth quarter funds from operations (FFO) of $52.86 million, or 40 cents per share, compared to last year’s Q4 figures of $52.51 million, or 53 cents per share. Revenue for the quarter came in at $108.4 million, which is up slightly from last year’s Q4 revenues of $107.2 million. Tanger Factory Outlet missed analysts’ Q4 estimates of 42 cents EPS on revenues of $108.71 million. For FY2015, Tanger expects to see FFO per share between $2.07 and $2.13, which is below the analyst estimate of $2.19.
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