Streetbeat News

Dividends

FOXA

Fox Corp (NASDAQ:FOXA) reported Q4 2024 revenues of $3.09 billion, slightly missing analyst expectations but showing growth in affiliate fees and the TV segment. Adjusted net income beat expectations at $0.90 per share. The company anticipates a strong fiscal 2025 driven by the upcoming presidential election and the next Super Bowl. Fox also increased its semi-annual dividend and noted improvements in its advertising business.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 4:42 pm

SPG

Simon Property Group shares are trading higher after the company reported better-than-expected Q2 revenues, raised its dividend, and issued strong FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:36 pm

EXPD

Expeditors International Of Washington, Inc. (NYSE:EXPD) reported a 9% year-over-year revenue increase in Q2 to $2.439 billion, beating expectations. However, EPS fell 5% YoY to $1.24, missing the consensus of $1.26. Operating income decreased by 9.9%, and the company returned $205 million to shareholders. Shares are down 4.27%.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 4:27 pm

BR

SMIG

TMFM

Broadridge Financial Solutions Inc (NYSE:BR) shares are trading higher after reporting Q4 FY24 results. The company saw a 6% Y/Y revenue growth to $1.94 billion, missing the consensus of $1.96 billion. Recurring revenues increased 5% to $1.33 billion, and adjusted EPS rose 9% Y/Y to $3.50, in line with the consensus. The FY25 outlook includes a 5%-7% Y/Y recurring revenue growth and an 8%-12% Y/Y adjusted EPS growth. The company also announced a 10% increase in its annual dividend to $3.52. Investors can gain exposure via Motley Fool Mid-Cap Growth ETF (BATS:TMFM) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSE:SMIG).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 4:26 pm

TAP

Molson Coors Beverage Company (NYSE:TAP) reported strong Q2 2024 results, surpassing earnings and sales estimates. The company achieved adjusted EPS of $1.92 and net sales of $3.252 billion. Despite a slight decrease in net sales, the company grew its bottom line by 5.2%. Molson Coors declared a dividend of $0.44 per share and returned $564 million to shareholders. The company reaffirmed its outlook for 2024, expecting low single-digit sales growth and mid-single-digit growth in underlying income before taxes.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 4:05 pm

AMGN

Amgen Inc. (NASDAQ:AMGN) is set to release its Q2 earnings on Aug. 6, with analysts expecting slight increases in EPS and significant revenue growth. The company declared a $2.25 per share dividend for Q3 2024. Recent analyst ratings show mixed sentiments, with price targets ranging from $303 to $355.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 3:42 pm

OC

Owens Corning Inc. (NYSE:OC) reported a 9% year-over-year growth in Q2 fiscal 2024 net sales to $2.789 billion, beating the consensus of $2.760 billion. The Doors segment contributed $311 million in net sales. Adjusted EPS was $4.64, above the consensus of $4.33. Adjusted EBIT and EBITDA also saw increases. The company returned $52 million to shareholders through dividends and expects strong performance in Q3 and 2024. Despite positive results, OC shares are trading lower by 2.69% at $159.93.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 3:20 pm

FOX

FOXA

Fox shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results and raised its dividend.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:03 pm

RBA

RB Global shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 adjusted EBITDA guidance. Additionally, the company increased its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:51 pm

RBA

RB Global has announced an increase in its quarterly dividend from $0.27 to $0.29.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:51 pm