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News

Earnings News June 4, 2015

Rupert Hadlow Jun 04, 2015


Before the opening bell on Thursday, 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.


Joy Global Beats Q2 Estimates


Earnings

Joy Global (JOY ) reported better-than-expected earnings on Thursday with an Earnings Per Share (EPS) of $0.59. This was $0.01 above the initial analyst forecasts. The company declared a dividend of 20 cents per share

Revenue

Revenue for the farm, mining and construction machinery company came in slightly below the $815 million mark, with $810 million posted for Q2. Analysts highlighted a 29% decrease in consolidated machinery bookings from the previous period last year.

Outlook

Citing the completion of the €110 million purchase of Montabert, Joy revised their revenue forecasts to fall within a $3.3 to $3.6 billion range. Earnings for the year on a diluted per share basis are still forecast to sit within $2.50 to $3.00. Dividend yield for the stock based on Wednesday’s close is 2.05%.


J.M Smucker Misses Q4 Estimates


Earnings

J.M Smucker (SJM ) reported worse-than-expected earnings on Thursday with an Earnings Per Share (EPS) of $0.98. This was 1 cent below initial analyst forecasts.

Revenue

Revenue for the processed and packaged goods company came in higher than the forecast of $1.34 billion, with $1.45 billion posted for Q4.

Outlook

Citing a rise in commodity cost pressures, analysts predict a fall in demand for their coffee products, which could further soften revenues and earnings. Dividend yield for the stock based on Wednesday’s close is 2.17%.


China Ceramics Co. Reports Profit in Q1


Earnings

China Ceramics Co. (CCCL ) announced to the market on Thursday a Q1 profit of 2.8 million Yuan ($0.4 million). An EPS of RMB 0.14 was recorded, which challenged the previous year’s loss of RMB 3.50.

Revenue

Revenue for the building materials company came in slightly higher than the previous period at 209.8 million Yuan ($33.84 million).

Outlook

In a statement to the market, China Ceramics highlighted difficult market conditions. Dividend yield for the stock based on Wednesday’s close is 14.50%.

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