Streetbeat News

Dividends

AGRO

HLF

PRDO

STG

The article lists 5 value stocks in the consumer defensive sector based on low P/E ratios, indicating potential undervaluation. Herbalife (HLF), Perdoceo Education (PRDO), Adecoagro (AGRO), Bunge Global (BG), and Sunlands Technology (STG) are highlighted with their current P/E ratios and recent earnings performance. Herbalife's EPS decreased from Q2, and its dividend yield dropped. Perdoceo Education and Adecoagro saw increases in EPS, with Adecoagro also reporting a higher dividend yield. Bunge Global's EPS decreased from Q2, but its dividend yield slightly increased. Sunlands Technology experienced a decrease in EPS from Q2. The article emphasizes that while value stocks may be undervalued, there is a risk they may not rebound.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 2:42 pm

AADI

BATL

BRSH

COST

EOSE

GETR

INHD

U.S. stocks were mixed with the Dow Jones down 0.20%, NASDAQ up 0.31%, and S&P 500 down 0.19%. Costco (COST) reported strong Q1 earnings and a special dividend. Getaround (GETR), Battalion Oil (BATL), and Bruush Oral Care (BRSH) saw stock surges due to positive financial results and acquisition news. Conversely, Aadi Bioscience (AADI), Inno Holdings (INHD), and Eos Energy Enterprises (EOSE) experienced significant stock declines following trial results, IPO pricing, and a public offering announcement.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 2:41 pm

SLVM

VALE

Benzinga Insights identified 5 value stocks in the basic materials sector based on low P/E ratios: ArcelorMittal (MT), Celanese (CE), CF Industries Holdings (CF), Vale (VALE), and Sylvamo (SLVM). ArcelorMittal's Q3 EPS decreased by 50% from Q2, but its dividend yield increased. Celanese's Q3 EPS increased by 15.21% from Q2, with a slight dividend yield increase. CF Industries' EPS decreased from Q2, and its dividend yield also decreased. Vale's EPS increased from Q2, and Sylvamo's EPS also saw an increase.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 2:39 pm

DRI

Darden Restaurants Inc (NYSE:DRI) reported Q2 FY24 sales of $2.727 billion, a 9.7% increase Y/Y but slightly below analyst estimates of $2.741 billion. Blended same-restaurant sales rose by 2.8%, with additional revenue from 78 Ruth's Chris Steak House locations and 45 other new restaurants. Operating margin was 10.2%, with operating income up 19.4% Y/Y to $278.5 million. Adjusted EPS of $1.84 exceeded estimates of $1.74. The company declared a quarterly dividend of $1.31 per share and has $328 million left in its share repurchase program. FY24 adjusted EPS guidance is $8.75-$8.90, with revenue projected at $11.5 billion, slightly below the $11.57 billion estimate. DRI shares dropped 1.7% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 15, 2023 | 1:47 pm

LEN

Lennar Corporation (NYSE:LEN) exceeded Q4 earnings and sales expectations, reporting adjusted earnings of $5.17 per share and quarterly sales of $10.97 billion, surpassing estimates of $4.59 per share and $10.22 billion, respectively. The company anticipates 17,500-18,000 net orders in Q1. Lennar's annual dividend yield is 0.97%, with a quarterly dividend of 37.5 cents per share. To earn $500 monthly from dividends, an investment of approximately $619,240 or 4,000 shares is needed. Lennar shares rose 6.7% to close at $154.81 following the earnings report.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 1:42 pm

HST

Host Hotels & Resorts has declared a Q4 dividend of $0.20 per share, an 11% increase from the previous quarter. Additionally, the company announced a special dividend of $0.25 per share.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:32 pm

NSA

National Storage Affiliates Trust (NYSE:NSA) announced a Q4 2023 dividend of $0.56 per share, with an annual payment of $2.24. To earn $500 monthly from NSA stock, an investment of $89,020 is required, equating to 2,704 shares based on early December 2023 prices. The article explains how to calculate the required investment based on dividend yield and provides an example of how the yield changes with stock price fluctuations. External factors like inflation and revenue decline may impact dividend payments.

Portfolio Pulse from judithnwadigo@gmail.com

December 15, 2023 | 1:21 pm

FMC

KRO

NEM

Analysts have provided ratings for three high-yield dividend stocks in the materials sector. Kronos Worldwide, Inc. (KRO) has an 8% dividend yield but reported a Q3 net loss. Newmont Corporation (NEM) offers a 3.89% yield but saw a 5% revenue decline in Q3. FMC Corporation (FMC) with a 3.85% yield is reviewing non-core assets for potential sale. Analysts' accuracy rates range from 68% to 79%.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 1:17 pm

DDOG

HSII

LPX

Insiders at Louisiana-Pacific, Datadog, Waste Management, and Heidrick & Struggles International have recently sold shares. Louisiana-Pacific's SVP sold shares after Q3 sales beat consensus. Datadog's General Counsel sold shares following strong Q3 results and guidance. Waste Management's CEO sold shares after a dividend increase announcement. Heidrick & Struggles' CFO sold shares post better-than-expected Q3 results. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 12:54 pm

ENSG

Ensign Group has announced an increase in its quarterly dividend from $0.0575 to $0.06 per share, payable to shareholders of record as of December 31, 2023, by January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:03 am