Streetbeat News

Earnings

C

Recent options trading activity for Citigroup (NYSE:C) shows a predominantly bearish sentiment among investors, with 77% of trades being bearish. The trading activity suggests an expected price range of $50.0 to $55.0 for Citigroup over the next three months. The largest options trades observed indicate a bearish outlook, despite a few bullish positions. Citigroup's current market standing shows a slight decrease in stock price to $54.46, with an RSI indicating a potential overbought situation. Analysts from Oppenheimer, Morgan Stanley, and Piper Sandler have issued positive ratings and price targets for Citigroup, suggesting a potential upside.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:45 pm

DIS

Walt Disney (NYSE:DIS) has seen unusual options activity, with a mix of bullish and bearish sentiments among big-money traders. A total of 17 options trades were spotted, with a notable split in sentiment: 47% bullish and 52% bearish. The trades focused on a price range between $80.0 and $125.0 for DIS. Noteworthy trades include both calls and puts with varying sentiments and expiration dates. The current stock price of DIS is $110.65, down by -0.85%, and the stock may be overbought according to current RSI values. The next earnings report is due in 78 days.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:45 pm

TOL

Toll Brothers, Inc. (NYSE:TOL) is set to release its Q1 earnings after the market closes on Feb. 20, 2024, with expectations of $1.78 per share in earnings, up from $1.7 the previous year, and projected revenue of $1.86 billion. The company recently entered a new builder relationship with The St. Joe Company for homesites in Panama City Beach. Shares fell 1.9% to $102.18 recently. Analysts have mixed views, with ratings ranging from Neutral to Strong Buy and price targets adjusted accordingly.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 3:27 pm

DFS

IOVA

OMI

VZIO

WMT

Walmart Inc. reported better-than-expected Q4 FY24 results, with net sales growth of 5.7% to $173.39 billion and adjusted EPS of $1.80, surpassing consensus estimates. The company also announced a 9% increase in its annual cash dividend for FY25. Other stocks like Iovance Biotherapeutics, Phathom Pharmaceuticals, VIZIO Holding Corp, Discover Financial Services, Barclays PLC, Korea Electric Power Corporation, Qurate Retail, InterContinental Hotels Group, Armstrong World Industries, Telephone and Data Systems, and Owens & Minor recorded gains in Tuesday's session.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 3:26 pm

CVNA

Carvana Co (NYSE:CVNA) shares trended down nearly 9% on Friday after a downgrade from Raymond James but are up 58% over the last three months. Wedbush analyst Seth Basham maintained a Neutral rating but raised the price target from $40 to $50. Carvana is expected to report a Q4 loss of 87 cents per share with revenue of $2.529 billion. Additionally, Carvana expanded same-day vehicle delivery to Sacramento, California. The average one-year price target for CVNA shares is $42.80, indicating a potential downside of 16.24%. Shares were down 5.87% at $49.39 at the time of publication.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 3:24 pm

BY

PFS

Byline Bancorp (NYSE:BY) announces a dividend payout of $0.09 per share with an annualized yield of 1.54%, payable on February 20, 2024, to shareholders of record as of February 5, 2024. The company has shown a positive trend in both dividend per share and earnings per share from 2020 to 2023, indicating strong financial health and potential for continued profit distribution to shareholders. Byline Bancorp's dividend yield is in the middle ground compared to its industry peers, with Provident Financial Services (NYSE:PFS) leading with a 6.15% yield.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:05 pm

ET

TRMD

Energy Transfer (NYSE:ET) announces a dividend payout of $0.32 per share with an annualized yield of 8.96%, reflecting a consistent increase in dividends and earnings per share from 2020 to 2023. This performance positions ET's dividend yield in the middle range compared to industry peers, with TORM (NASDAQ:TRMD) having the highest yield at 17.09%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:05 pm

CVI

SUN

Sunoco (NYSE:SUN) announces a dividend payout of $0.84 per share with an annualized yield of 6.14%, highlighting its strong financial performance and commitment to rewarding shareholders. The company's dividend per share has shown a positive trend from 2020 to 2023, and its earnings per share have increased from $0.78 to $5.56 over the same period. Sunoco leads in dividend yield among its industry peers, with CVR Energy (NYSE:CVI) having the next highest yield at 5.71%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:05 pm

KMT

MWA

Mueller Water Products (NYSE:MWA) announces a dividend payout of $0.06 per share with an annualized yield of 1.85%, marking a consistent increase in dividends and earnings per share from 2020 to 2023. The company's financial health and dividend yield are compared favorably with industry peers, including Kennametal (NYSE:KMT), which has the highest yield at 3.26%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:05 pm

ASRV

BRBS

AmeriServ Financial (NASDAQ:ASRV) is set to pay a dividend of $0.03 per share on February 20, 2024, with an annualized yield of 3.87%. Despite a decrease in earnings per share from $0.26 in 2020 to $0.23 in 2023, the company has increased its dividend per share from $0.10 in 2020 to $0.12 in 2023. This indicates AmeriServ's commitment to returning capital to shareholders amidst declining profitability. Blue Ridge Bankshares (NYSE:BRBS) has the highest annualized dividend yield among peers at 19.76%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:05 pm