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Luxottica Group SpA Message Board

  • rss_lg rss_lg Oct 4, 2006 7:20 AM Flag

    NICE !!!!!

    Featured in "ZACKS" yesterday ---- nice write-up ... !!!

    SEE BELOW .........

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    Oct 03, 2006
    Luxottica Group (LUX) recently increased its 2006 earnings per share guidance after releasing solid results for the second quarter and first six months of the year. Consensus estimates for both this year and next year have been on the rise. This Zacks #1 Rank stock is currently yielding 0.90% and its return on equity betters that of the industry average�19% compared to 16%.

    Full Analysis

    Luxottica Group is the world�s leading designer, manufacturer and distributor of prescription frames and sunglasses in the premium and luxury segments. The company�s brand portfolio currently includes a total of 26 brands. LUX operates in the retail segment, which consists of LensCrafters, Inc., Pearle Vision and Sunglass Hut.

    On Jul 27, LUX reported second-quarter profits of 121.2 million euros ($152.5 million), or 27 euro cents a share (34 cents per American Depositary Share). Revenues rose 12.2% to 1.29 billion euros ($1.63 billion) from 1.15 billion euros in the prior-year period. Retail same-store sales, or sales at stores open at least one year, jumped 7.3%.

    Chief Executive Officer Andrea Guerra stated, �Results for the first half of 2006 were outstanding all around, in all regions and in both our wholesale and retail businesses. We continued to significantly outpace growth in our sector, gaining additional market share in key markets as well as additional visibility and penetration for our brands.�

    LUX increased revenues and expanded gross margins over the past four years, most recently by 35.3% and 36.1%, respectively, in 2005. The company grew profits for the past two years.

    Due to its impressive first half of the year, the company upped its earnings per share guidance for the full year of 2006 to between EUR 0.93 and EUR 0.94 (or earnings per American Depositary Share of between $1.16 and $1.17).

    The consensus estimate for 2006 currently resides at $1.22 per share. When compared to the consensus of 60 days earlier, it has jumped 8.0%. Profit forecasts for next year have risen by the same percentage over the past two months. Earnings per share are projected to grow 17% over the next 3-5 years, slightly higher than the 16% projected for the industry.

    Shareholders requiring additional cash flow in the form of a dividend have enjoyed a current dividend yield of 0.90%. The company boosted its cash dividend for 2005 by 26%. LUX�s return on equity betters that of the industry average�19% compared to 16%.

    This highlight is one example of a stock with a Zacks #1 Rank. To learn more, visit the Zacks Rank Homepage.

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    Oct 03, 2006
    After solid second-quarter results, LUX increased its 2006 EPS guidance.

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