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Pfizer Inc. (NYSE:PFE) proudly boasts its 3.7 percent dividend yield, but there is more to the firm’s allure than that. Pfizer’s array of new drugs nearing or just hitting the market could aid it in exceeding earnings estimates and drive share prices up another 20 percent to $30 by the end of 2013. In addition, the company is streamlining its operations and divesting businesses to concentrate more on developing and selling prescription meds. Finally, Pfizer is buying enormous amounts of stock, which should get earnings per share to rise again next year.
Procter & Gamble Co. (NYSE:PG) predicts its fiscal year 2013 core earnings per share at between $3.80 and $4.00, versus a consensus of $3.90. In the same period, organic sales should increase from 2 to 4 percent, and all-in sales growth between 0 and 2 percent. First quarter core earning bet 91 and 97cents, with a consensus of 96 cents. Organic sales should rise 0 to 2 percent, all-in-sales growth from negative 4 to negative 6 percent. The figures come from slides that are being presented at the Barclays Back-to-School Consumer Conference.
AT&T, Inc. (NYSE:T) is piecing together at least 24 deals, with a total value around $2.6 billion for airwaves to come even with Verizon Wireless (NASDAQ:VOD), which has raced ahead to stockpile the industry’s most valuable asset. Separately, Verizon Communications Inc. (NYSE:VZ) says that it will work with Finnish handset maker Nokia Corporation (NYSE:NOK) in the future, a partnering that will probably include the former eventually selling the latter’s line of Windows 8 smartphones. Brenda Raney, speaking for Verizon, reported on Thursday that her company intends to collaborate with Nokia, but declined to give specific details on the arrangements. Nokia currently markets its current Lumia array of smartphones through AT&T Inc. and T-Mobile USA, but industry observers think that Nokia will ultimately have to have a broader relationship with carriers in order to grow its share of the hotly contested domestic smartphone market in particular, as it transitions to Windows 8 technology later in 2012.
Don’t Miss: This Blunder Makes Things WORSE for Nokia.
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