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Dividends

BEPC

ENIC

HE

OPAL

SPH

Benzinga Insights has identified five value stocks in the utilities sector based on low P/E multiples, indicating potential undervaluation. The stocks are Suburban Propane Partners (SPH), Hawaiian Electric Industries (HE), Brookfield Renewable (BEPC), Enel Chile (ENIC), and OPAL Fuels (OPAL). SPH reported a significant decrease in Q4 EPS and a lower dividend yield. HE showed an increase in EPS and a slight increase in dividend yield. BEPC's EPS decreased, but its dividend yield increased. ENIC reported higher EPS and a decrease in dividend yield. OPAL's EPS improved from Q2 to Q3.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:38 pm

GES

Guess?, Inc. (NYSE:GES) reported lower-than-expected earnings for Q3, with earnings of 49 cents per share compared to the consensus estimate of 62 cents, and sales of $651.2 million versus the expected $656.03 million. The company also reduced its full-year 2024 outlook, projecting revenue growth between 1.8% and 2.4% and adjusted EPS between $2.67 and $2.74. Despite this, Guess offers a high annual dividend yield of 5.06%, equating to a quarterly dividend of 30 cents per share. The article explains how an investment of approximately $118,600, or around 5,000 shares, is needed to earn $500 per month from dividends. Guess shares dropped 1.7% to close at $23.72 on Tuesday following the earnings report.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 1:45 pm

CLPS

CLPS Incorporation has announced a second special cash dividend of $0.10 per share. This declaration follows a previous special dividend and represents a distribution of additional profits to shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:31 pm

AESI

DINO

VLO

Wall Street's most accurate analysts have recommended three high-dividend yielding energy stocks: Valero Energy Corporation (VLO), HF Sinclair Corporation (DINO), and Atlas Energy Solutions Inc. (AESI). VLO has a dividend yield of 3.31% with mixed price target adjustments, DINO yields 3.33% with a reduced price target, and AESI offers a 4.65% yield with increased price targets. VLO missed Q3 revenue estimates, DINO beat them, and AESI posted downbeat Q3 earnings.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 12:32 pm

HPQ

HP Inc (NYSE:HPQ) shares dropped after reporting a 6.5% Y/Y decline in Q4 FY23 net revenue to $13.817 billion, slightly above consensus. Personal Systems' revenue fell 8% Y/Y, with flat total units and a mix of Consumer and Commercial PS unit changes. Adjusted EPS met expectations at $0.90. HP generated $3.6 billion in operating cash flow and $3.1 billion in free cash flow for FY23, returning $1.1 billion to shareholders through repurchases and dividends. The company announced a 5% dividend increase and provided Q1 and FY24 EPS guidance above consensus estimates. Despite this, HPQ shares fell 2.37% in premarket trading.

Portfolio Pulse from Lekha Gupta

November 22, 2023 | 11:43 am

CRH

MLM

CRH PLC has agreed to sell its European lime operations to SigmaRoc plc for approximately $1.1 billion. The divested business includes 16 locations across Europe, with $610 million in sales and $137 million in EBITDA for 2022. The deal will be completed in phases, starting in early 2024. CRH also recently purchased Martin Marietta Materials Inc's South Texas cement and concrete operations for $2.1 billion. CRH reported a sales increase of 8% year-over-year and an improved EBITDA margin for the first nine months of the year. CRH shares rose by 4.07% to close at $61.13 on Tuesday.

Portfolio Pulse from Lekha Gupta

November 22, 2023 | 10:08 am

TNP

Tsakos Energy Navigation Ltd (NYSE:TNP) reported Q3 FY23 results with higher voyage revenue of $186.659 million versus consensus of $166.139 million but missed EPS estimates with $0.83 against the expected $1.24. The company cited seasonal softness in tanker markets due to refinery maintenance. Adjusted EBITDA and operating income fell compared to the previous year, but fleet utilization was high at 96.1%. Tsakos secured 26 new charters, contributing to a $1.4 billion revenue backlog, and maintained strong cash reserves of $394 million. The company will pay a dividend of $0.30 per share on December 20, 2023. Despite the positive revenue, TNP shares dropped by 6.99% to $19.82.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 6:12 pm

EBAY

eBay has announced its commitment to return approximately 125% of its cumulative free cash flow to shareholders through stock repurchases and dividends over a three-year period from 2022 to 2024.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:53 pm

DKS

Dick's Sporting Goods Inc (NYSE:DKS) reported a 2.8% year-on-year increase in Q3 FY23 sales to $3.042 billion, surpassing analyst estimates. Comparable store sales rose 1.7%, and adjusted EPS of $2.85 exceeded expectations. The company is optimizing its cost structure, resulting in pre-tax charges but expects to complete the review in fiscal 2023. DKS declared a quarterly dividend of $1.00 per share and raised its full-year adjusted EPS outlook. Shares rose 4.66% to $124.56.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 4:50 pm

ADI

Analog Devices, Inc (NASDAQ:ADI) reported a 16% year-on-year decline in Q4 FY23 revenue to $2.72 billion, slightly above consensus estimates. Adjusted EPS was $2.01, just above the $2.00 consensus. Industrial revenue fell by 20.4%, while Automotive revenue grew by 13.8%. Communications and Consumer revenues also saw declines. The company experienced a decrease in adjusted gross and operating margins. Analog Devices announced a quarterly cash dividend of $0.86 per share. The company's outlook for Q1 revenue and adjusted EPS is below consensus estimates. ADI shares saw a slight increase of 0.14% to $184.08.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 3:34 pm