Earnings Research - Johnson and Johnson
29 Apr, 2015, 09:20 ET
LONDON, April 29, 2015 /PRNewswire/ --
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Investor-Edge.com has issued free earnings review on Johnson & Johnson (NYSE: JNJ). On April 14, 2015, the company announced its financial results for Q1 FY15 (period ended March 29, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Johnson%20and%20Johnson&d=29-Apr-2015&s=JNJ to read our free earnings review on Johnson & Johnson (Johnson and Johnson). During Q1 FY15, the company reported Worldwide sales to customers of $17.37 billion with net earnings of $4.32 billion and diluted net earnings per share (EPS) of $1.53. Chairman and CEO of Johnson & Johnson, Alex Gorsky, stated that the company delivered strong underlying growth in Q1 FY15 driven by new products and the strength of the core business. Our free coverage report can be accessed at:
During Q1 FY15, Johnson & Johnson's Worldwide sales to customers fell 4.1% Y-O-Y from $18.12 billion in Q1 FY14. Worldwide sales to customers for Q1 FY15 outperformed Bloomberg analysts' forecast of $17.31 billion. In Q1 FY15, the company's operational results increased 3.1%, while there was a negative impact from currency of 7.2%. In Q1 FY15, US sales to customers improved 5.9% Y-o-Y to $8.69 billion, whereas International sales to customers declined 12.4% Y-o-Y to $8.68 billion in the reported quarter. Further, excluding the net impact of acquisitions and divestitures, Worldwide sales grew 5.7% Y-O-Y, US sales increased 9.1% Y-O-Y, and international sales improved 3.0% Y-O-Y, on an operational basis and for the reported quarter.
In Q1 FY15, Johnson & Johnson's Worldwide Consumer sales decreased 4.7% to $3.39 billion from $3.56 billion in Q1 FY14. In the reported quarter, the company's Worldwide Pharmaceutical sales stood at $7.73 billion, up 3.0% from $7.50 billion in Q1 FY14. Further, Johnson & Johnson's Worldwide Medical Devices sales were $6.26 billion in Q1 FY15, a decrease of 11.4%, from $7.06 billion in Q1 FY14. Mr. Gorsky noted the continued robust growth of the Pharmaceutical business and the solid performance of Johnson & Johnson's Consumer brands. Free research on JNJ can be downloaded in PDF format at:
Johnson & Johnson's earnings before provision for taxes on income improved 2.8% in Q1 FY15 to $5.58 billion from $5.42 billion in Q1 FY14. However, in Q1 FY15, the company's net earnings fell 8.6% from $4.73 billion in Q1 FY14, while diluted EPS declined by 6.7% from $1.64, in the prior year's same quarter. Analysts from Bloomberg had expected the company's net earnings and diluted EPS for Q1 FY15 to be $3.98 billion and $1.40, respectively. Moreover, excluding after-tax intangible amortization expense and special items, adjusted net earnings for Q1 FY15 were $4.42 billion and adjusted diluted EPS were $1.56, representing decreases of 5.9% Y-o-Y and 4.3% Y-o-Y, respectively.
During Q1 FY15, Johnson & Johnson announced a binding offer from Cardinal Health to acquire its Cordis business for an aggregate value of $1.99 billion. Sign up and read the free analyst's notes on JNJ at:
Johnson & Johnson updated its adjusted EPS guidance for full-year FY15 to be between $6.04 and $6.19, reflecting further negative foreign currency movements. The company's guidance excludes the impact of after-tax intangible amortization expense and special items.
On the day of the earnings release, April 14, 2015, Johnson & Johnson's stock edged 0.03% lower to end the session at $100.52. Since then, the stock has witnessed a mixed momentum. On the last close, Tuesday, April 28, 2015, shares of the company finished at $100.74, up 0.16%, after vacillating between $99.31 and $100.95. A total of 7.48 million shares were traded which was below their three months average volume of 8.75 million shares. The stock has advanced 0.28% in the previous three trading sessions and 0.40% over the last one month. However, the company's shares have fallen by 0.73% in the past three months. Shares in Johnson & Johnson closed above their 50-day moving average of $100.72. Furthermore, the stock traded at a PE ratio of 16.99 and has a Relative Strength Index (RSI) of 50.03. Visit Investor-Edge and access the latest research on JNJ at:
Sneak Peek to Corporate Insider Trading
In the last one month, Johnson & Johnson has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on JNJ is available at:
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