Streetbeat News

Dividends

PVH

PVH Corp. is expected to report higher Q2 earnings, with analysts projecting $2.29 per share, up from $1.98 last year, and revenue of $2.07 billion. The company declared a quarterly dividend and has received positive analyst ratings, with price targets ranging from $119 to $154.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 9:59 am

EGP

EastGroup Properties has announced a 10.2% increase in its quarterly dividend, raising it from $1.27 to $1.40 per share, payable on October 15, 2024. This marks the 179th consecutive dividend and the 13th consecutive year of increases.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:31 pm

HEI

HEICO Corporation (NYSE:HEI) is set to release its Q3 earnings, with analysts expecting an EPS of 92 cents, up from 74 cents last year, and revenue of $995.67 million. The company recently increased its dividend and has received various analyst ratings, with price targets ranging from $225 to $250.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 2:31 pm

UI

Ubiquiti Inc. (NYSE:UI) shares are down premarket after reporting Q4 results. Revenue grew 3.3% Y/Y to $507.5M, missing expectations. Gross margin fell due to higher shipping and inventory costs. Adjusted EPS beat estimates. A $0.60 dividend was declared.

Portfolio Pulse from Lekha Gupta

August 23, 2024 | 12:46 pm

PVH

PVH Corp., owner of brands like Calvin Klein and Tommy Hilfiger, is set to release its Q2 earnings. Analysts expect earnings of $2.29 per share, up from $1.98 last year, with projected revenue of $2.07 billion. PVH's dividend yield is 0.15%, requiring significant investment to earn substantial monthly income. Bank of America maintained a Buy rating but lowered the price target from $144 to $133.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 12:22 pm

CHRD

NAT

VTS

Analysts have provided their ratings on three high-yield energy stocks: Nordic American Tankers, Vitesse Energy, and Chord Energy. Despite high dividend yields, these companies have faced recent challenges, including missed earnings and reduced price targets.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 12:03 pm

NCTY

Zhejiang Huanyu and The9 have formed a joint venture to launch a new game, MIR M, with a commitment to generate $84 million in annual revenue. The9 holds a 51% stake, and Huanyu holds 49%. The joint venture aims for significant revenue and profit growth in the coming years.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:09 am

INTU

Intuit has announced a 16% increase in its quarterly dividend, raising it from $0.90 to $1.04 per share, with the new dividend payable on October 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:40 pm

INTU

Intuit has been approved for a new $3 billion share repurchase authorization, increasing its total repurchase authorization to $4.9 billion. The company reported $4.1 billion in cash and investments and $6.0 billion in total debt as of July 31. Intuit also announced a 16% increase in its quarterly dividend to $1.04 per share, payable on October 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:09 pm

MO

Altria Group has announced a 4.1% increase in its quarterly dividend, raising it from $0.98 to $1.02 per share. The dividend is payable on October 10, 2024, to shareholders of record as of September 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 5:19 pm