Streetbeat News

Earnings

EXK

Endeavour Silver's stock price increased following the announcement of their Q4 sales results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:38 pm

BLDP

Ballard Power Systems Inc (NASDAQ:BLDP) shares fell after reporting Q4 FY23 results with a 132% sales growth to $46.80 million, surpassing estimates. However, adjusted EBITDA was negative at $(44.1) million, and EPS of $(0.16) missed estimates. The company also reported a slight decrease in order backlog and provided FY24 operating expense and capital expenditure outlooks.

Portfolio Pulse from Shivani Kumaresan

March 11, 2024 | 3:32 pm

AIMD

Ainos shares are trading lower following the announcement of a year-over-year decrease in FY23 revenue results.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:29 pm

VTYX

Ventyx Biosciences Inc (NASDAQ:VTYX) shares dropped after announcing clinical and pipeline updates, including a focus on NLRP3 inhibitors for unmet medical needs. The company reported positive Phase 1 and Phase 2 trial results for its NLRP3 inhibitors, VTX3232 and VTX2735, and plans for future trials. Ventyx also seeks a partner for its VTX002 Phase 3 trial. With $252.2 million in cash and an additional $100 million from PIPE financing, Ventyx expects its funds to last into the second half of 2026.

Portfolio Pulse from Vandana Singh

March 11, 2024 | 3:09 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares increased by 4.7% to $13.38 amid strength in recent sessions, gaining 25% over the last five days after its earnings report. The upcoming Consumer Price Index (CPI) report may influence Rivian's stock due to potential Federal Reserve actions on interest rates. UBS analyst Joseph Spak maintained a Sell rating on Rivian but raised the price target from $8 to $9. Wall Street views Rivian as Neutral, with a significant fall expected by the most bearish analyst. Rivian's stock fell 26.63% in the past three months, despite a 98.34% revenue increase over the past year.

Portfolio Pulse from Henry Khederian

March 11, 2024 | 3:06 pm

EMR

ROK

Rockwell Automation (NYSE:ROK) is set to deliver a dividend payout of $1.25 per share on March 11, 2024, with an annualized yield of 1.92%. The company has shown a consistent increase in dividend per share from $4.13 in 2020 to $4.79 in 2023, alongside an upward trend in earnings per share from $7.68 to $12.12 over the same period. This performance indicates strong financial health and a commitment to returning capital to shareholders, positioning Rockwell Automation as a leader in dividend yield within its industry, slightly ahead of Emerson Electric (NYSE:EMR) with a 1.91% yield.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:05 pm

COLB

TFSL

Columbia Banking System (NASDAQ:COLB) announced a dividend payout of $0.36 per share with an annualized yield of 7.67%, payable on March 11, 2024, to shareholders of record as of February 22, 2024. The company has shown a consistent increase in dividend per share from $1.14 in 2021 to $1.38 in 2023, alongside a growth in earnings per share from $1.99 in 2021 to $2.94 in 2023. This suggests Columbia Banking System's strong financial health and commitment to enhancing shareholder value. TFS Financial (NASDAQ:TFSL) is noted for having the highest annualized dividend yield at 8.82% among industry peers.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:05 pm

NTB

Bank of N.T Butterfield (NYSE:NTB) is set to distribute a dividend of $0.44 per share, with an annualized yield of 5.99%, to shareholders on record before February 23, 2024. The company has maintained a steady dividend per share of $1.76 from 2020 to 2023, alongside an increase in earnings per share from $3.05 to $4.81, indicating financial health and a commitment to shareholder returns.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:05 pm

SNA

SWK

Snap-on (NYSE:SNA) announces a dividend payout of $1.86 per share with an annualized yield of 2.83%, payable on March 11, 2024, to shareholders of record as of February 26, 2024. The company has shown a consistent increase in dividend per share from $4.47 in 2020 to $6.72 in 2023, alongside a growth in earnings per share from $10.87 in 2020 to $18.42 in 2023. This suggests Snap-on's strong financial health and potential for future dividend increases. Stanley Black & Decker (NYSE:SWK) leads in dividend yield among industry peers with 3.54%.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:05 pm

CATY

TFSL

Cathay General (NASDAQ:CATY) announced a dividend payout of $0.34 per share with an annualized yield of 3.46%. The company has shown positive growth in both dividends per share and earnings from 2020 to 2023, indicating a strong financial health. TFS Financial (NASDAQ:TFSL) has the highest annualized dividend yield among peers at 8.82%.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:05 pm