Streetbeat News

Dividends

QCOM

QUALCOMM Incorporated (NASDAQ:QCOM) is set to release its Q2 fiscal 2024 earnings on May 1, with expectations of earnings per share at $2.17, up from $2.15 the previous year, and projected quarterly revenue of $8.72 billion. The company also announced a quarterly cash dividend of 85 cents per share. Shares fell 2% to close at $165.85 recently. Analysts have provided varied ratings and price targets, with the most accurate analysts suggesting a range from $177 to $205.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 2:49 pm

AWK

American Water has announced an increase in its quarterly dividend from $0.7075 to $0.7650, marking a positive development for its shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:37 pm

WING

Wingstop Inc (NASDAQ:WING) shares fell despite reporting strong first-quarter FY24 results, with sales growth of 34.1% Y/Y to $145.789 million, surpassing analyst estimates. System-wide sales rose 36.8% to $1.1 billion, with significant increases in domestic same-store sales, digital sales, and average unit volumes (AUVs). Adjusted EBITDA and EPS also beat expectations, and the company raised its FY24 outlook for domestic same-store sales and global net new units. However, shares dropped 4.07% to $369.15.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 2:35 pm

GDX

GOLD

SGDM

Barrick Gold Corp (NYSE:GOLD) reported a slight increase in FY24 Q1 revenue to $2.747 billion, in line with consensus, despite a production miss. Gold production decreased by 1% Y/Y, and sales by 5% Y/Y, but the average realized gold price rose by 9% Y/Y. Copper production was flat, while its price declined by 8% Y/Y. Adjusted EPS was $0.19, beating the consensus of $0.15. The company maintains its FY24 outlook, expecting gold production to increase with key projects and has declared a $0.10 dividend per share. Investors can also gain exposure through SGDM and GDX ETFs.

Portfolio Pulse from Lekha Gupta

May 01, 2024 | 2:16 pm

GRMN

SNSR

UFO

Garmin Ltd (NYSE:GRMN) reported a 20% year-on-year revenue growth for Q1 2024, reaching $1.38 billion and surpassing the consensus of $1.25 billion. The company's proforma EPS of $1.42 also beat the consensus of $1.01. Revenue growth was seen across all segments, with Fitness growing by 40% and contributions from the acquisition of JL Audio boosting Marine revenue by 17%. Garmin's gross and operating margins improved, and it generated $402.14 million in free cash flow. The company intends to recommend a $3.00 per share dividend and reiterated its FY24 revenue outlook of $5.75 billion and proforma EPS of $5.40. Garmin stock has gained 47% in the last 12 months and saw an 8.82% increase to $157.21 recently. Investors can also gain exposure to Garmin through the Global X Internet Of Things ETF (NASDAQ:SNSR) and Procure Space ETF (NASDAQ:UFO).

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 1:47 pm

DD

DuPont De Nemours, Inc. (DD) reported a mixed first-quarter fiscal 2024 with a 3% year-over-year sales decline to $2.931 billion, surpassing consensus estimates. Organic sales dropped by 6%, with varying declines across regions. The company saw a notable recovery in the electronics market, with significant volume growth in Semiconductor Technologies and Interconnect Solutions. Despite a decrease in Water & Protection sales and a contraction in operating EBITDA margins, DuPont beat adjusted EPS expectations and reported a substantial increase in adjusted free cash flow. The company anticipates sequential sales and earnings improvement in Q2 2024, driven by favorable seasonality and continued recovery in electronics. DuPont has raised its 2024 outlook for adjusted EPS and revenue, reflecting optimism about its future performance. Shares surged 7.77% to $78.13 following the announcement.

Portfolio Pulse from Akanksha Bakshi

May 01, 2024 | 1:43 pm

INTC

Intel Corporation (NASDAQ:INTC) reported Q1 earnings with sales missing estimates and weak EPS guidance. Despite this, the article discusses how investors can earn from Intel's dividends, highlighting a 1.64% annual yield. To achieve a $500 monthly dividend income, an investment of approximately $365,640 is needed. Intel's stock price fell 2.8% to $30.47 following the earnings report.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 1:11 pm

RWAY

Runway Growth Finance has announced a Q2 supplemental dividend of $0.07 per share. This decision reflects the company's financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:08 pm

EPRT

FRT

VTR

Wall Street's most accurate analysts have recommended three real estate stocks with over 4% dividend yields: Ventas, Inc. (VTR), Federal Realty Investment Trust (FRT), and Essential Properties Realty Trust, Inc. (EPRT). These stocks are highlighted for their high dividend yields and recent analyst upgrades, with price targets indicating potential upside. Recent news includes upcoming earnings releases for VTR and FRT, and better-than-expected quarterly sales for EPRT.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 12:58 pm

LKNCY

SBUX

YUMC

Yum China Holdings Inc. (NYSE:YUMC) has significantly accelerated its share repurchase program and restaurant expansion, surpassing the 15,000-store milestone in China. The company spent a record $745 million on share buybacks and dividends in Q1, buying back more shares than any year in its history and raising its quarterly dividend. Yum China is expanding into smaller cities with new store formats and franchising, and has launched a new coffee chain, KCOFFEE, to compete with Starbucks and Luckin. The company aims to serve half of China's population by 2026, with plans to open 1,500 to 1,700 new stores this year.

Portfolio Pulse from The Bamboo Works

May 01, 2024 | 12:48 pm