logo
  

Johnson & Johnson Projects 2022 Adj. Operational EPS Growth Of 9.2%

Johnson & Johnson (JNJ) said the company is well positioned for success in 2022 and beyond. For 2022, the company targets adjusted operational sales growth of 7.7% and adjusted operational EPS growth of 9.2%.

For fiscal 2022, including COVID Vx, the company expects operational sales in a range of $100.3 billion - $101.8 billion, representing an increase in a range of 7.0% - 8.5%. Adjusted operational EPS, including COVID Vx, is estimated in a range of $10.60 - $10.80, representing an increase in a range of 8.2% - 10.2%.

Fourth-quarter adjusted EPS was $2.13, an increase of 14.5% from prior year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $2.12, for the quarter. Analysts' estimates typically exclude special items. Net profit was $4.74 billion or $1.77 per share compared to $1.74 billion or $0.65 per share.

Fourth-quarter sales were $24.8 billion reflecting growth of 10.4%, operational sales growth of 11.6%, and adjusted operational sales growth of 12.3%. Analysts on average had estimated $25.29 billion in revenue.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ryanair Holdings Plc reported Monday a loss in its fiscal year 2022, narrower than last year, with strong growth in traffic and load factor. Looking ahead, the company said it expects to return to reasonable profitability in fiscal 2023. Shares of the low fares airline were losing around 4 percent in the morning trading in Germany. The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert against Weis Markets' ready-to-eat or RTE General Tso Chicken meals due to misbranding and undeclared milk, a known allergen. The RTE General Tso Chicken meals were prepared, labeled and sold in the Deli area at Weis Markets stores between April 13 and May 11, 2022. Deutsche Telekom AG on Friday raised its fiscal 2022 adjusted earnings forecast after reporting significantly higher net profit in its first quarter. Shares of the German telecom major were gaining around 1 percent in the morning trading in Germany. For fiscal 2022, the company now expects to post adjusted EBITDA AL of more than 36.6 billion euros.
Follow RTT