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Covidien Earnings Preview: Has Merger News Shaken Expectations?
Thursday, July 24, 2014 - 10:06am | 848Covidien (NYSE: COV), which currently is being courted by medical device maker Medtronic (NYSE: MDT), is scheduled to report its fiscal third-quarter results Friday, July 25, before the markets open. Like AbbVie's deal to acquire Shire and other similar deals, Medtronic is looking to...
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C.R. Bard Rises After Q3 Earnings Beat (BCR)
Tuesday, October 22, 2013 - 4:27pm | 356C.R. Bard (NYSE: BCR) is up more than two percent in after hours trading after announcing the company's third-quarter results. The company's EPS came in at $1.50 -- $0.10 higher than the Street estimate of $1.40. Despite the earnings beat, earnings per share were down nine percent from the year-...
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Morgan Stanley Comments on C.R. Bard Amid Litigation
Friday, July 22, 2011 - 7:15am | 149Morgan Stanley has published a report on C.R. Bard (NYSE: BCR). In the report, Morgan Stanley wrote, "After a strong 1Q11, Bard discussed managing down to meet their 14% earnings growth obligation. Now, after a pressured 2Q11, they may need to manage EPS up. Even if organic revenue does not...
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Morgan Keegan Maintains Outperform on C.R. Bard
Friday, July 1, 2011 - 8:40am | 137Morgan Keegan is out with its report today on C.R. Bard (NYSE: BCR), maintaining Outperform. In a note to clients, Morgan Keegan writes, "This evening, Bard announced that it has reached agreements in principle with plaintiff's law firms to settle the majority of its existing hernia product claims...
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UPDATE: J.P. Morgan Raises PT on C.R. Bard to $104
Tuesday, May 31, 2011 - 7:17am | 149J.P. Morgan is out with its report today on C.R. Bard (NYSE: BCR), raising its PT from $97 to $104. In a note to clients, J.P. Morgan writes, "We are raising our December 2011 price target to $104 from $97, with the new target based on 14.5x our CY12 EPS estimate (vs the prior 13.5x multiple)....
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Piper Jaffray Comments On C.R. Bard Q1 Results
Monday, April 25, 2011 - 8:33am | 150According to Piper Jaffray, C.R. Bard (NYSE: BCR) met Q1 revenue and exceeded EPS expectations with $700 M (up 7.4% cc) producing $1.51 in adjusted EPS. Piper Jaffray said that despite the $0.04-$0.05 earnings beat, management maintained 2011 EPS guidance at 14%, or $6.38/share, noting their...
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Piper Jaffray Raises PT on C.R. Bard To $104
Monday, April 25, 2011 - 6:06am | 28Piper Jaffray has raised the price target on C.R. Bard (NYSE: BCR) from $93 to $104 and maintains its Neutral rating.
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Piper Jaffray Raises PT On C.R. Bard To $93
Tuesday, February 1, 2011 - 9:42am | 28Piper Jaffray has raised the price target on C.R. Bard (NYSE: BCR) from $89 to $93 and maintains its Neutral rating.
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Morgan Keegan Provides Color On BCR 4Q
Tuesday, February 1, 2011 - 9:12am | 163C.R. Bard, Inc. (NYSE: BCR) reported 4Q results with in-line sales and EPS of $1.54 “versus our $1.50 estimate and Street consensus of $1.48,” Morgan Keegan reports. “Although the company picked up its SG&A investment in the quarter, it achieved EPS outperformance by the reinstatement of the R...
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Morgan Stanley Initiates BCR Coverage With An EW Rating
Monday, January 3, 2011 - 11:53am | 125Morgan Stanley is initiating coverage on shares of C.R. Bard, Inc. (NYSE: BCR) with an EW rating. “Bard's premium multiple of 15x (vs. peers at 13x) is justified, given that it is insulated from structural pressures facing high-end implantable providers, continues to offer top-quartile growth, and...
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Deutsche Bank Raises C.R. Bard PT To $93
Tuesday, December 14, 2010 - 10:57am | 92For 2011, Deutsche Bank reports that C.R. Bard, Inc. (NYSE: BCR) sales growth guidance is likely wider and lighter than expected, but is likely to be overshadowed by higher EPS guidance. “A $750M repurchase adds 4%-pts to arrive at 14% EPS growth,” Deutsche Bank writes. “On our higher EPS, we're...
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J.P. Morgan Remains Overweight on C.R. Bard
Tuesday, December 14, 2010 - 9:53am | 126J.P. Morgan released its report today on C.R. Bard (NYSE: BCR) after BCR's annual Investor meeting Monday. In a note to clients, J.P. Morgan writes, "We are raising our December 2011 price target to $95 from $93, with the new target based on the same 13.5x P/E multiple applied to our CY12 EPS...
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Morgan Keegan Raises C.R. Bard Price Target
Friday, October 22, 2010 - 8:07am | 126C.R. Bard, Inc. (NYSE: BCR) reported 3Q results with slightly lower sales and EPS of $1.43 versus Morgan Keegan's $1.39 estimate. “Given the challenging global health care markets, we view Bard's results favorably,” Morgan Keegan writes. “Although management did not note any improvements in...