2 Real Estate Stocks Stirring Up Trade Activity With Earnings Analysis
C. R. Bard Inc. (NYSE:BCR) reported its results for the fourth quarter. Net income for the medical instruments and supplies company fell to $113.8 million ($1.30 per share) vs. $136.2 million ($1.47 per share) a year earlier. This is a decline of 16.4% from the year earlier quarter. Revenue rose 4.9% to $751.9 million from the year earlier quarter. BCR reported adjusted net income of $1.70 per share. By that measure, the company beat the mean estimate of $1.68 per share. Analysts were expecting revenue of $748.6 million.
Timothy M. Ring, chairman and chief executive officer, commented, “Fourth quarter constant currency net sales growth of 5% was at the top end of our guidance and allowed us to exceed adjusted EPS guidance for the quarter and for the year. Our revenue growth is being driven by a combination of geographic investments, external acquisitions and internal research and development. By combining top-line growth with disciplined expense management and share-repurchase programs, we have been able to meet our short-term commitments to shareholders while positioning the company for healthy long-term growth.”
Competitors to Watch: Teleflex Incorporated (NYSE:TFX), Covidien plc (NYSE:COV), Boston Scientific Corp. (NYSE:BSX), Merit Medical Systems, Inc. (NASDAQ:MMSI), AngioDynamics, Inc. (NASDAQ:ANGO), Angiotech Pharmaceuticals, Inc. (NASDAQ:ANPI), Theragenics Corporation (NYSE:TGX), Rochester Medical Corp. (NASDAQ:ROCM), CONMED Corporation (NASDAQ:CNMD), and Becton, Dickinson and Co. (NYSE:BDX).
Jones Lang Lasalle Inc. (NYSE:JLL) reported its results for the fourth quarter. Net income for the property management company fell to $84.8 million ($1.91 per share) vs. $85 million ($1.91 per share) a year earlier. This is a decline of 0.3% from the year earlier quarter. Revenue rose 20.1% to $1.15 billion from the year earlier quarter. JLL reported adjusted net income of $2.56 per share. By that measure, the company beat the mean estimate of $2.21 per share. It beat the average revenue estimate of $1.12 billion.
“Our strong finish to the year closed out a solid 2011 performance of record revenue and robust profit growth coupled with significantly strengthened market positions across the firm,” said Colin Dyer, President and Chief Executive Officer. “These results and the strategic actions we took during the year position us for continued growth and success in 2012,” Dyer added.
Competitors to Watch: CB Richard Ellis Group, Inc. (NYSE:CBG), Grubb & Ellis Company (NYSE:GBE), Kennedy-Wilson Hldgs., Inc. (NYSE:KW), FirstService Corp. (NASDAQ:FSRV), ZipRealty, Inc. (NASDAQ:ZIPR), E-House (NASDAQ:CHINA) Hldgs. Ltd. (NYSE:EJ), HFF, Inc. (NYSE:HF), EMCOR Group, Inc. (NYSE:EME), Terreno Realty Corporation (NYSE:TRNO), and IFM Investments Ltd. (NYSE:CTC).
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