Tyco International (TYC) is expected to report Q1 earnings before the market open on Thursday, January 28 with a conference call scheduled for 8:30 am ET.
GuidanceAnalysts are looking for EPS of 59c on revenue of $4.21B. The consensus range is 47c-65c for EPS, and $4.13B-$4.26B for revenue, according to First Call. On January 18, Tyco raised its Q1 estimates to 63c-65c for EPS and $4.25B for revenue, citing improved operating results in each of the company’s business segments. The company’s pending acquisition of Brink’s Home Security is expected to add 7c per share in the first full year after closing, and 14c in the second year.
Analyst ViewsOn January 20, Sterne Agee raised its price target on the stock to $45 from $40, and maintained its Buy rating on the company. Recent action in the stock has been positive. Tyco is up approximately 50% since July, and touched a 52-week high of $38.88 on January 19. With such a large move, a significant amount of good news has already been priced into the stock. Investors will be looking to see if Q1 earnings justify continued buying going forward.
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