LONDON, February 25, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings research on Baxter International Inc. (NYSE: BAX). On January 29, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Baxter%20Intl.&d=25-Feb-2015&s=BAX to read our free earnings review on Baxter International Inc. (Baxter). During Q4 FY14 and FY14, the company's net sales improved 3% Y-o-Y and 11% Y-o-Y, respectively. Baxter also saw a surge in its net income by 192% Y-o-Y in Q4 FY14 and 24% Y-o-Y in FY14 respectively. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Baxter%20Intl.&d=25-Feb-2015&s=BAX
Earnings Overview
During Q4 FY14, Baxter's net sales stood at $4.47 billion compared to $4.32 billion in Q4 FY13. The company's Q4 FY14 net sales outperformed Bloomberg analysts' forecast of $4.34 billion. In Q4 FY14, Baxter's United States sales improved 6% Y-o-Y to $1.89 billion and its International sales increased 2% Y-o-Y to $2.59 billion. Baxter's cost of sales decreased 3% to $2.25 billion in Q4 FY14 from $2.33 billion in Q4 FY13. Free research on BAX can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Baxter%20Intl.&d=25-Feb-2015&s=BAX
In Q4 FY14, Baxter reported gross margin of 49.7% compared to 46.2% in Q4 FY13. The company's net income in Q4 FY14 was $953 million, or $1.74 per diluted common share, compared to $326 million, or $0.59 per diluted common share, in Q4 FY13. Bloomberg analysts estimated Q4 FY14 net income of $653 million, or $1.23 per diluted common share.
For FY14, Baxter reported net sales of $16.67 billion compared to $14.97 billion in FY13. In FY14, Baxter's BioScience segment, including vaccines, total sales grew 7% to $7.00 billion from $6.56 billion in FY13. The company's Medical Products segment total sales improved 15% to $9.97 billion in FY14 from $8.70 billion in FY13. The company's FY14 cost of sales increased to $8.51 billion from $7.50 billion in FY13. Sign up and read the free analyst's notes on BAX at:
http://get.Investor-Edge.com/pdf/?c=Baxter%20Intl.&d=25-Feb-2015&s=BAX
In FY14, the company's net income was $2.50 billion, or $4.56 per diluted common share, compared to $2.01 billion, or $3.66 per diluted common share, in FY13. In FY14 Baxter generated cash flows from operations of $3.22 billion, compared to $3.20 billion in FY13. The company also raised its dividend for the eighth consecutive year in FY14 and returned more than $1.6 billion to shareholders.
With the company's planned separation been considered, Chairman and CEO of Baxter, Robert L. Parkinson, Jr., stated that throughout 2014, the company executed on its financial and strategic priorities while positioning both companies for sustained success with investments to enhance their commercial, operational and scientific capabilities. Mr. Parkinson added that as both companies chart distinct and unique paths forward as separate global healthcare leaders, it looks forward to unlocking value for their shareholders, partners, employees, and the patients and healthcare providers they serve.
In its outlook for Q1 FY15, Baxter expects sales growth of approximately 2% to 3%, excluding the impact of foreign currency. When considering an impact of foreign currency, the company expects a sales decline of approximately 3% to 4%, The company also anticipates earnings from continuing operations, before special items, of $0.85 to $0.90 per diluted share, which reflects traditional seasonality, the impact of foreign currency, increased generic competition, and additional manufacturing and operational costs which are expected to be most pronounced in Q1 FY15. Visit Investor-Edge and access the latest research on BAX at:
http://get.Investor-Edge.com/pdf/?c=Baxter%20Intl.&d=25-Feb-2015&s=BAX
Stock Performance
On the day of the earnings release, January 29, 2015, Baxter's stock gained 1.74% to end the session at $71.38. Since then, the stock has moved both ways with losses outperforming gains. However, on the last close, Tuesday, February 24, 2015, the company's shares finished 0.61% higher at $69.06 after vacillating between $68.51 and $69.13. A total of 4.88 million shares were traded which was above its three months average volume of 2.92 million shares. Over the previous three trading sessions, the company's shares have gained 2.43%. However, the stock has lost 3.32% over the last one month and 4.67% in the past three months respectively. Shares in Baxter are trading below their 50-day and 200-day moving averages of $71.58 and $72.96, respectively. Additionally, the stock traded at a PE ratio of 17.08 and has a Relative Strength Index (RSI) of 40.83.
Sneak Peek to Corporate Insider Trading
In the last one month, there were four corporate insider transactions made by three individuals. Between January 28, 2015 and February 06, 2015, a total of 5,074 shares have been purchased at an average price of $38.48 per share and for a total value of $195,266. The following are the aforementioned transactions: on January 28, 2015, James R. Gavin III and Thomas F. Chen, Directors at Baxter, bought 168 and 76 shares, respectively at a price of $71.81 per share; on February 06, 2015, Peter S. Hellman, Director at Baxter, bought 4,830 shares worth $177,744 at a price of $36.80 per share, and sold an equal number of shares at a price of $71.32 per share and for total consideration of $344,476. Complimentary in-depth research on BAX is available at:
http://get.Investor-Edge.com/pdf/?c=Baxter%20Intl.&d=25-Feb-2015&s=BAX
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