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
The Federal Communications Commission or FCC has granted SpaceX Services, Inc. authorization to use its Starlink satellite internet system on vehicles in motion. SpaceX, owned by Elon Musk, is allowed to operate consumer and enterprise Ku-band Earth Stations in Motion or ESIM using frequencies allocated to the fixed satellite service. The approval would help the company to expand its services to Loud Muscle Science, LLC is recalling certain Launch Sequence products in the United States and Canada citing the presence of undeclared Tadalafil, the U.S. Food and Drug Administration said. These tainted Launch Sequence Capsule products are marketed as dietary supplements for male sexual enhancement. The U.S. Food and Drug Administration announced the intended availability of around 17 million bottles equivalent of general infant formula to be imported from New Zealand and Ireland. Under the FDA's enforcement discretion to source more infant formula to the U.S., French food company Danone SA will send 555,000 cans Aptamil Gold Plus from New Zealand.
Follow RTT