General Electric Company (GE) shares are down $0.28 to $27.00 in pre-market trading Friday after the company reported its Q1/15 earnings results.
The American multinational conglomerate reported earnings of $0.31 per share on revenues of $33.10 billion, down 3.1% from a year ago. Analysts were expecting EPS of $0.30 on revenues of $34.32 billion. GE said the stronger U.S. dollar had a ($950) million impact on its Q1 results.
On valuation measures, General Electric Co. shares, which currently have an average 3-month trading volume of 50.27 million shares, trade at a trailing-12 P/E of 18.20, a forward P/E of 15.16 and a P/E to growth ratio of 2.38. The median Wall Street price target on the name is $30.00 with a high target of $33.00. Currently ticker boasts 9 ‘Buy’ endorsements, compared to 9 ’Holds’ and no ‘Sell’.
The chart below shows where the equity has traded over the last 52 weeks.
Comerica Incorporated (CMA) reported 2015 first quarter EPS of $0.73 before the opening bell Friday, compared to the consensus estimate of $0.73. Revenues increased 1.1% from last year to $625 million. Analysts expected revenues of $626.04 million. Net income came in at $134 million, compared to $139 million for the first quarter 2014.
“Our first quarter results reflect our strong focus on relationships and ability to generate loans in a highly competitive environment as we maintain our pricing and credit discipline,” said in a statement Ralph W. Babb, Jr., chairman and CEO. “Average loans were up $3.1 billion, or 7 percent, compared to a year ago. Relative to the fourth quarter, average loans grew $790 million, or 2 percent, with growth across all of our markets.”
The bank said its capital remained solid at March 31, 2015, as evidenced by an estimated common equity Tier 1 capital ratio of 10.43% and a tangible common equity ratio of 9.97%.
CMA shares recently gained 0.54% to $46.45. In the past 52 weeks, shares of Dallas, Texas-based financial products and services company have traded between a low of $40.09 and a high of $52.72. Shares are down 3.30% year-over-year and about 1% year-to-date.
Shares of Honeywell International Inc. (HON) are up $0.68, or 0.65%, to $104.60 after the company released its earnings results on Friday. The firm reported Q1’15 EPS of $1.41 per share vs. $1.39 consensus on $9.21 billion in revenue, down 4.8% from a year ago. Net income was $1.11 billion vs. $1.01 billion in the corresponding period a year earlier.
For full-year 2015, the industrial conglomerate provided EPS guidance of $6.00 – $6.15 versus consensus of $6.09 per share. The company also issued revenue projection of $39.0 – $39.6 billion, compared to the consensus revenue estimate of $40.52 billion.
“Honeywell had a good start to 2015 delivering double-digit earnings growth at the high end of our guidance range and experiencing improving momentum over the course of the quarter,” said Honeywell Chairman and CEO Dave Cote in a statement.
On valuation measures, Honeywell International Inc. shares, which currently have an average 3-month trading volume of 2.73 million shares, trade at a trailing-12 P/E of 19.50, a forward P/E of 15.44 and a P/E to growth ratio of 1.69. The median Wall Street price target on the name is $114.00 with a high target of $121.00. Currently ticker boasts 15 ‘Buy’ endorsements, compared to 7 ’Holds’ and no ‘Sell’.
Profitability-wise, HON has a t-12 profit and operating margin of 10.52% and 14.47%, respectively. The $81.33 billion market cap company reported $6.57 billion in cash vs. $5.66 billion in debt in its most recent quarter.
HON currently prints a one year return of 15.60% and a year-to-date return of around 4.50%.
Reynolds American Inc. (RAI) handed in Q1/15 earnings of $0.86 per share on revenue of $2.06 billion, beating Wall Street estimates of $0.80 per share on revenue of $1.98 billion. Q1 profit came in at $389 million, a 7.2% increase from the corresponding period in 2014.
For full-year 2015, the parent of Camel and Pall Mall cigarette maker R.J. Reynolds provided EPS guidance of $3.65 – $3.80 versus consensus of $3.83 per share.
“I’m very pleased to report that Reynolds American delivered strong first – quarter results as our operating companies turned in excellent financial performance in addition to driving momentum in their key – brands’ marketplace performance, ” said Susan M. Cameron, president and chief executive officer of RAI in a statement.“ All of our operating companies increased both earnings and operating margins, while remaining focused on strategic initiatives to grow their diverse and highly differentiated key brands.”
RAI shares recently gained 0.75% to $74.80. In the past 52 weeks, shares of Winston-Salem, North Carolina-based company have traded between a low of $53.17 and a high of $76.23. Shares are up 42.14% year-over-year and 16.57% year-to-date.
Shares of First Horizon National Corporation (FHN) are down more than 3% in premarket trading after the bank holding company reported first-quarter non-GAAP earnings of $286.6 million, or $0.18 per share. Analysts had been modeling $280.26 million and $0.18 per share.
Profitability-wise, FHN has a t-12 profit and operating margin of 19.11% and 28.24%, respectively. The $3.41 billion market cap firm reported a first-quarter net income loss of $72.4 million, after reporting a profit of $49.9 million in the same period a year earlier.
FHN currently prints a one year return of 27.15% and a year-to-date return of around 7.60%.
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