Sunday, August 16, 2020

New Jersey Companies Performed Significantly Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up 7.7% Per Year ..... Than They Did During the Trump Administration's First Three Full Years in Office (2017-2019) ..... Up 2.5% Per Year

From a review of SEC filings and Google Finance, there were 51 New Jersey Companies with stock market caps of above $1 bil recently and which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Years from 2008-2019).  I included Companies which were headquartered in New Jersey for a significant portion of these 12 years.   

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 51 New Jersey Companies for fiscal year end 2019, the last year of the Trump Administration's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Trump Administration as well as also the last year of the Obama Administration, and for fiscal year end 2008, the year before the start of the Obama Administration.

Average Average
Annual  Annual 
Annual Audited Audited Audited % Change % Change
Audited Pretax Pretax Pretax During During
Fincl Income Income Income Trump Obama
New Jersey Sts (Loss) (Loss) (Loss) Admin's Admin's
New Jersey Companies City State 2019 FYE FYE FYE 3 Years 8 Years
Stock Market Caps Above $1 Bil HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
Johnson & Johnson New Brunswick NJ Dec 19       17,328       19,803       16,929 -4% 2%
Merck Kenilworth NJ Dec 19       11,464         4,659         9,931 49% -7%
Honeywell Morris Plains, NJ / Charlotte, NC NJ Dec 19         7,559         6,452            600 6% 122%
Prudential Financial Newark NJ Dec 19         5,085         5,705        (1,226) -4% NM
Automatic Data Processing Roseland NJ Jun 19         3,006         2,235         1,803 11% 3%
Cognizant Technology Teaneck NJ Dec 19         2,543         2,357            515 3% 45%
Public Service Enterprise Newark NJ Dec 19         1,950         1,298         1,806 17% -4%
Ingersoll Rand Piscataway, NJ / Davidson, NC NJ Dec 19         1,742         1,741        (2,701) 0% NM
Becton Dickinson Franklin Lakes NJ Sep 19         1,176         1,074         1,490 3% -3%
Everest Re Group Ltd Liberty Corner NJ Dec 19         1,099         1,100             (84) 0% NM
Quest Diagnostics Secaucus NJ Dec 19         1,076         1,125         1,086 -1% 0%
American Water Works Camden NJ Dec 19            833            770           (451) 3% NM
NRG Energy Princeton NJ Dec 19            786           (931)         1,766 NM -19%
Church & Dwight Ewing NJ Dec 19            774            706            308 3% 16%
Campbell Soup Camden NJ Jul 19            625            849            939 -9% -1%
CIT Group Livingston NJ Dec 19            624              21        (1,076) 957% NM
Burlington Stores Burlington NJ Jan 20            581            333           (339) 25% NM
Verisk Analytics Jersy City NJ Dec 19            568            654            279 -4% 17%
PBF Energy Parsippany NJ Dec 19            480            363               (6) 11% NM
Valley National Bancorp Wayne NJ Dec 19            457            233            111 32% 14%
Curtiss-Wright Parsippany, NJ / Davidson, NC NJ Dec 19            396            268            169 16% 7%
Sealed Air Elmwood Park, NJ/ Charlotte, NC NJ Dec 19            370            388            222 -2% 9%
Selective Insurance Group Branchville NJ Dec 19            336            220              40 18% 56%
Investors Bancorp Short Hills NJ Dec 19            287            299              25 -1% 137%
Avis Budget Group Parsippany NJ Dec 19            287            279        (1,343) 1% NM
Mack-Cali Realty Jersey City NJ Dec 19            253            130              65 32% 13%
Universal Display Ewing NJ Dec 19            170              69             (20) 49% NM
Provident Financial Services Jersey City NJ Dec 19            147            125              57 6% 15%
J&J Snack Foods Pennsauken NJ Sep 19            127            117              46 3% 19%
New Jersey Resources Wall NJ Sep 19            118            146            172 -6% -2%
OceanFirst Financial Toms River NJ Dec 19            107              35              22 69% 7%
B&G Foods Parsippany NJ Dec 19            106            177              16 -13% 126%
South Jersey Industries Folsom NJ Dec 19              91            168            129 -15% 4%
Cantel Medical Little Falls NJ Jul 19              75              94              14 -7% 71%
Integra Lifesciences Holdings Plainsboro NJ Dec 19              60              90              19 -11% 47%
Alexander's Inc Paramus NJ Dec 19              60              87              77 -10% 2%
Middlesex Water Co Iselin NJ Dec 19              31              34              18 -3% 11%
Monmouth RE Investment Corp Freehold NJ Sep 19              20              32                4 -13% 88%
Covanta Holding Morristown NJ Dec 19               (3)              14            171 -40% -11%
Pacira Pharmaceuticals Parsippany NJ Dec 19             (11)             (38)             (42) NM NM
Commvault Systems Tinton Falls NJ Mar 20             (13)               (2)              22 NM -14%
Vonage Holdings Holmdel NJ Dec 19             (26)              31             (64) -61% NM
John Wiley & Sons Hoboken NJ Apr 20             (63)            191            164 -44% 2%
Realogy Holdings Madison NJ Dec 19           (158)            349        (2,263) -48% NM
Insmed Bridgewater NJ Dec 19           (254)           (176)             (16) NM NM
Amicus Therapeutics Cranbury NJ Dec 19           (356)           (204)             (39) NM NM
Immunomedics Morris Plains NJ Jun 19           (357)             (64)             (24) NM NM
Bed Bath & Beyond Union NJ Feb 20           (765)         1,066            683 -57% 7%
Newell Brands Hoboken, NJ / Atlanta, GA NJ Dec 19           (852)              19                4 -1528% 47%
Bausch Health Bridgewater, NJ / Quebec, Canada  NJ Dec 19        (1,837)        (2,435)            127 NM -252%
Allergan plc Madison, NJ / Dublin, Ireland NJ Dec 19        (5,119)        (2,832)            358 NM -111%
Total all 51 New Jersey Cos       52,983       49,224       30,493 2.5% 7.7%


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