Streetbeat News

Dividends

ITW

Illinois Tool Works (ITW) reported mixed Q3 2024 results with a slight revenue decline but exceeded EPS expectations. The company raised its GAAP EPS forecast for 2024 and plans significant share repurchases.

Portfolio Pulse from Akanksha Bakshi

October 30, 2024 | 2:36 pm

GPN

Global Payments Inc (NYSE:GPN) reported Q3 revenue and EPS below estimates, with revenue at $2.357 billion and EPS at $3.08. Despite this, revenue grew 5% YoY and EPS increased 12%. The company announced a dividend and the sale of its AdvancedMD business to Francisco Partners. GPN shares rose 1.89% following the news.

Portfolio Pulse from Adam Eckert

October 30, 2024 | 2:30 pm

GK

PKB

TT

Trane Technologies reported strong Q3 results, with revenue and EPS surpassing expectations. The company raised its FY24 guidance, indicating positive future growth. Investors can access the stock through ETFs like Invesco Building & Construction ETF and AdvisorShares Gerber Kawasaki ETF.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 2:30 pm

ABBV

AbbVie Inc. (NYSE:ABBV) reported strong Q3 results, with adjusted EPS of $3.00 and net revenues of $14.46 billion, both beating expectations. Key growth drivers were Skyrizi and Rinvoq, with sales up 50.8% and 45.3% respectively. AbbVie also increased its dividend and announced the acquisition of Aliada Therapeutics. The company raised its 2024 EPS guidance, reflecting confidence in future growth.

Portfolio Pulse from Vandana Singh

October 30, 2024 | 2:17 pm

KHC

Kraft Heinz reported Q3 earnings that beat expectations but missed on revenue, leading to a drop in share price. The company anticipates a slow recovery in its US retail business and projects lower-end growth for fiscal year 2024.

Portfolio Pulse from Nabaparna Bhattacharya

October 30, 2024 | 1:56 pm

META

Meta Platforms, Inc. (NASDAQ:META) is set to release its Q3 earnings, with expectations of $5.25 EPS on $40.29 billion revenue. The company has exceeded estimates for six consecutive quarters. Meta offers a 0.34% annual dividend yield, equating to $2.00 per share annually. To earn $500 monthly from dividends, an investor would need 3,000 shares, worth approximately $1,779,840. The dividend yield can fluctuate with stock price changes.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 1:37 pm

BERY

Berry Global Group, Inc. has announced a 13% increase in its quarterly dividend, raising it to $0.31 per share. This move reflects the company's strong financial position and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:02 pm

FLO

KHC

WBA

The article highlights three high-dividend yielding stocks in the consumer staples sector: Walgreens Boots Alliance, Kraft Heinz, and Flowers Foods. Analysts have provided mixed ratings and price targets for these stocks, reflecting varying expectations. Walgreens has entered a partnership with Veeva Systems, Kraft Heinz posted mixed Q3 results, and Flowers Foods is set to report its Q3 results soon.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 12:02 pm

EA

HERO

NERD

Electronic Arts (EA) reported Q2 earnings with EPS beating estimates, but revenue slightly missing expectations. Net bookings hit a record, and American Football is on track for $1 billion in net bookings for FY25. EA raised its full-year EPS and revenue guidance. The company also repurchased shares and declared a dividend. EA shares rose premarket.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 12:02 pm

SCL

Stepan Company has announced a 2.7% increase in its quarterly cash dividend, raising it to $0.385 per share. This marks the 57th consecutive year of dividend increases for the company.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:28 am