Earnings Preview: Tyco International

Tyco International (TYC) is expected to report Q4 earnings before market open Tuesday, Nov. 11, with a conference call scheduled for 8:30 am ET.

Guidance

Analysts are looking for EPS of 72c on revenue of $5.32B. The consensus range is $5.03B to $5.46B for revenue, according to First Call. Tyco raised its FY08 EPS guidance to $2.97 to $2.99 from $2.65 to $2.75 when it reported its Q3 earnings results. Consensus for FY08 EPS is $2.99.

Analyst Views

The company announced in September an increase in the company's quarterly dividend to 20c per share for Q109. The new quarterly dividend represents a 33% increase over the current quarterly dividend. Tyco announced in October the acquisition of Vue Technology, for approximately $43M in a move to strengthen the technology portfolio offered to retailers through its Sensormatic business. Tyco was downgraded to Neutral from Overweight at JP Morgan in August. The firm downgraded the company citing valuation.