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Becton, Dickinson Guides FY23 Below Estimates; Boosts Dividend 4.6% - Update

While reporting financial results for the fourth quarter on Thursday, medical technology company Becton, Dickinson and Co. or BD (BDX) initiated its adjusted earnings and revenue outlook for fiscal 2023.

For fiscal 2023, the company now projects adjusted earnings in a range of $11.85 to $12.10 per share on revenues between approximately $18.6 billion and $18.8 billion, with currency-neutral revenue growth of 5.25 to 6.25 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $12.19 per share on revenue grown of 2.90 percent to $19.37 billion for the year. Analysts' estimates typically exclude special items.

Separately, the Board of Directors of BD declared a 4.6 percent higher quarterly dividend of $0.91 per common share, payable on December 30, 2022 to holders of record on December 9, 2022.

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