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Shauna O'Brien Apr 21, 2015
Before the opening 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.
Verizon Liquid error: internal reported first quarter earnings of $4.338 billion, or $1.02 per share, down from $5.986 billion, or $1.15 per share, in the year prior. Analysts expected to see EPS of 95 cents.
Revenue increased to $32 billion – below analysts’ estimate of $32.27 billion.
Lockheed Martin (LMT ) reported earnings of $878 million, or $2.74 per share, down from $933 million, or $2.87 per share, last year. On average, analysts expected to see EPS of $2.50.
Sales declined to $10.11 billion from $10.65 billion. Analysts expected to see revenue of $10.23 billion.
Looking forward, the company expects to see FY2015 EPS between $10.85 and $11.15. Analysts expect to see EPS of $11.14.
United Technologies Liquid error: internal posted first quarter earnings of $1.43 billion, or $1.58 per share, up from $1.21 billion, or $1.32 per share, last year. Excluding special items, EPS was $1.51 – above analysts’ view of $1.45.
Revenue declined to $14.54 billion from $14.75 billion last year. Analysts expected to see revenue of $14.88 billion.
DuPont (DD ) posted Q1 earnings of $1.03 bilion, or $1.13 per share, down from $1.44 billion, or $1.54 per share, last year. Adjusted EPS came in at $1.34 – above analysts’ estimate of $1.31.
Revenue declined to $9.172 billion from $10.128 billion. Analysts expected to see revenue of $9.41 billion.
The company also announced that it has raised its dividend 4% to 49 cents per share. The next dividend will be paid on June 12.
Kimberly-Clark (KMB ) posted first quarter net income of $486 million, or $1.27 per share, down from $490 million, or $1.26 per share, last year. On average, analysts expected to see EPS of $1.33.
Net sales declined to $4.69 billion from $4.89 billion. Analysts expected to see revenue of $4.61 billion.