Streetbeat News

Dividends

UHT

Universal Health Realty (NYSE:UHT) announced a quarterly dividend of 72.5 cents per share, with the ex-dividend date set for Friday. Shareholders owning UHT stock by the end of Thursday are eligible for the dividend, payable on March 29, 2024. The stock is expected to open 72.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:45 pm

HES

Hess Corporation (NYSE:HES) announced a quarterly dividend of 43.75 cents per share, with the ex-dividend date set for Friday. Shareholders owning HES by the end of Thursday are eligible for the payout, which will be distributed on March 28, 2024.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:45 pm

MLR

Miller Industries (NYSE:MLR) announced a quarterly dividend of 19 cents per share, with the ex-dividend date set for Friday. Shareholders owning MLR by the end of Thursday are eligible for the dividend, payable on March 25, 2024.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:45 pm

HPP

Hudson Pacific Properties (NYSE:HPP) announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on March 28, 2024. The stock is expected to open 5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:45 pm

APTV

CAAS

GES

HMC

JAKK

Benzinga Insights identifies 5 value stocks in the consumer cyclical sector based on low P/E ratios, indicating potential undervaluation. The stocks include China Automotive Systems (CAAS), Jakks Pacific (JAKK), Aptiv (APTV), Honda Motor Co (HMC), and Guess (GES), each showing varied performance in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:43 pm

CLRO

DAKT

HPQ

IBEX

The article highlights five technology sector stocks considered as value stocks due to their low P/E ratios, indicating potential undervaluation. These stocks are ClearOne (CLRO), IBEX (IBEX), Daktronics (DAKT), Daqo New Energy (DQ), and HP (HPQ). The article provides recent earnings per share data and dividend yields for these companies, suggesting that while they may be undervalued, investing in value stocks carries the risk that they may not rebound.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:41 pm

BODI

BVS

ORCL

PACK

Bioventus Inc. reported better-than-expected quarterly financial results, leading to a 10.8% surge in its shares. Other companies like Ranpak Holdings, The Beachbody Company, and Oracle Corporation also reported positive financial outcomes or guidance, contributing to significant stock price increases. Notably, Ranpak Holdings saw a 40.1% jump after exceeding fourth-quarter revenue expectations and receiving a price target increase from Baird.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 2:37 pm

IGT

International Game Technology PLC (NYSE:IGT) reported Q4 fiscal 2023 revenue of $1.13 billion, a 3% increase Y/Y, surpassing consensus estimates of $1.11 billion. Adjusted EPS was $0.56, beating the consensus of $0.41. Revenue from Global Lottery rose 7% Y/Y, while PlayDigital fell 10%. Adjusted EBITDA increased 9% Y/Y to $454 million. The company declared a quarterly dividend of $0.20 per share. CEO Vince Sadusky announced plans to split the business into separate lottery and gaming companies. IGT forecasts fiscal 2024 revenue between $4.30 billion and $4.40 billion, with shares falling 4.59% to $24.00.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 2:23 pm

BCAN

BLDE

CLRO

NRXP

PACK

RGLS

U.S. stocks traded higher with the Dow gaining 0.27% and the Nasdaq up by 0.69% amid news of U.S. inflation rate rising to 3.2% in February, surpassing expectations. ClearOne, Regulus Therapeutics, and Ranpak Holdings reported significant stock movements due to corporate announcements, while BYND Cannasoft, Blade Air Mobility, and NRx Pharmaceuticals saw declines.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 2:11 pm

LCUT

Lifetime Brands Inc (NASDAQ:LCUT) reported a slight decline in Q4 2023 net sales by 1.9% Y/Y to $203.1 million, surpassing consensus estimates of $197.9 million. Despite a decrease in gross margin and adjusted EPS missing consensus, the company saw gains in its U.S. Kitchenware segment and declared a quarterly dividend of $0.0425 per share. CEO Rob Kay highlighted growth in e-commerce as a key opportunity.

Portfolio Pulse from Lekha Gupta

March 12, 2024 | 1:46 pm