logo
  Join        Login             Stock Quote

Pentair (PNR) Issues 2013 Earnings, Sales Forecast; Backs Q4 Outlook

 November 27, 2012 07:54 AM
 


(By Balachander) Pentair Ltd. (NYSE: PNR) forecasts adjusted earnings per share (EPS) from continuing operations of $3.10 to $3.30 for 2013 on sales of roughly $7.7 billion.

Wall Street analysts, on average, expect PNR to earn $3.25 per share on sales of $7.92 billion for 2013.

The Switzerland-based company's sales forecast for 2013 includes low single-digit organic growth.

Pentair expects 2013 GAAP EPS of $2.58 to $2.78, which includes anticipated inventory step-up and backlog amortization related to the merger with Tyco's Flow Control business.

For the fourth quarter of 2012, Pentair continues to expects adjusted EPS of $0.40 to $0.45, while analysts' expect $0.45. It still sees a GAAP loss per share of 17 cents to 22 cents.

[Related -Jobs Growth Tepid At Best]

For 2012, the company backed its adjusted EPS guidance in the range of $2.30 to $2.35, while analysts' expect $2.43. GAAP EPS is still seen at $0.92 to $0.97. 

Further, the company said it plans to provide details on the foundation of the company's 2015 EPS goal of $5.00.

Pentair offers services for water and other fluids, thermal management, and equipment protection.

The stock, which has been trading in the 52-week range of $40.30 to $47.89, ended at $47.80 on Monday.  

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageMBIA Inc. (MBI) : BTI's $12 a Tough Task

MBIA Inc. (NYSE:MBI) is doing well on a day stocks are struggling The guarantee insurance company is the read on...

article imageUrban Outfitters, Inc. (URBN) Q2 Earnings Preview: A Snug Fit

Urban Outfitters, Inc. (NASDAQ:URBN) will hold a webcast to discuss its second quarter of fiscal-year 2015 read on...

article imageEstee Lauder Companies Inc. (EL) Q4 Earnings Preview: Options Player Betting On EL’s EPS Looking Pretty

Estee Lauder Companies Inc. (NYSE:EL) will release fiscal 2014 fourth quarter and full year financial read on...

article imageHerbalife Ltd. (HLF): 3 Reasons To Pay Attention to Recent Insider Buying

Well, well, well… it looks as if boardroom buyers viewed the recent selloff as an opportunity to buy. read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Stocks Rally For Third Consecutive Day
More Articles on: Industrial Products



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.