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Stocks in Focus - Procter & Gamble Co (NYSE:PG), Aaron's, Inc. (NYSE:AAN), Wyndham Worldwide Corporation (NYSE:WYN)

Stocks in Focus - Procter & Gamble Co (NYSE:PG), Aaron's, Inc. (NYSE:AAN), Wyndham Worldwide Corporation (NYSE:WYN)
Written by
Joel Najarian
Published on
October 24, 2014
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Procter & Gamble Co (NYSE:PG) reported Q1 earnings of $1.07 per share, a penny shy of the analyst consensus on Capital IQ. Sales were $20.79 billion, in line with Street expectations. "P&G's first quarter results were in-line with our expectations, despite a very difficult operating environment," said Chairman, President, and Chief Executive Officer A.G. Lafley. "This keeps us on-track to deliver our fiscal year commitments." Separately, the company said it plans to exit its Duracell personal power business by creating a stand-alone Duracell company. P&G reiterated its organic sales growth and core earnings per share growth guidance ranges for fiscal year 2015.Procter & Gamble Co (NYSE:PG) added that the quarterly profile of earnings will be heavily influenced by the variation of foreign exchange impacts from period-to-period. The company expects significant negative sales and earnings impacts from foreign exchange in the October-December 2014 quarter. The company continues to expect organic sales growth in the low-to-mid single digit range. Net sales growth is now expected to be in-line to up low single digits versus the prior fiscal year, including a negative two point impact from foreign exchange. P&G maintained its outlook for core earnings per share growth in the range of mid-single digits. All-in GAAP diluted net earnings per share are now expected to be down two percent to down five percent versus the prior year, including approximately $0.55 per share of non-core charges, primarily from $0.20 per share of non-core restructuring charges and $0.32 of impairment charges.Aaron's, Inc. (NYSE:AAN) says Q3 sales were $707.6 million, above the Thomson Reuters mean for $694.64 million. Non-GAAP EPS were $0.39, two cents above estimates. FY sales are seen approximately $2.71 billion, above forecasts for $2.67956 billion. Non-GAAP EPS for Aaron's, Inc. (NYSE:AAN) are seen between $1.62 to $1.67, below forecasts for $1.68 billion. Q4 sales are seen about $740 million, above the mean Bloomberg estimate for $727 million. Non-GAAP EPS are seen between $0.34 and $0.39, below forecasts for $0.40.Wyndham Worldwide Corporation (NYSE:WYN), a hospitality company, reported Q3 results that beat the Street view on EPS but missed slightly on total revenues. The company reported adjusted EPS $1.67, up from $1.41 in Q3 2013 and beating analyst estimates of $1.63. Total revenues of $1.51 billion were up from $1.42 billion in Q3 2013 but fell slightly short of analyst projections of $1.52 billion. For the full year 2014, the company has reaffirmed guidance for revenues of $5.25 - $5.35 billion and has increased adjusted EPS to $4.45 - $4.48, up from previous guidance of $4.34 - $4.44.The company provided preliminary guidance for the full-year 2015, with revenues guided between $5.40 - $5.50 billion and EPS of approximately $4.70 - $4.85. "Domestic RevPAR growth once again exceeded 8%, our vacation rentals business had a robust summer and our vacation ownership business significantly increased sales to new owners while continuing to benefit from improved lending practices," said Stephen P. Holmes, chairman and chief executive officer. "Based on our confidence in the prospects of our business, the Board of Directors approved a one billion dollar increase in our share repurchase authorization." Shares of Wyndham Worldwide Corporation (NYSE:WYN) are at $78.40 within a 52-week range of $63.31 - $82.94.

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