Streetbeat News

Earnings

TGT

Target's stock price increased as several analysts upgraded their price targets for the company after its earnings report on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:20 pm

ANF

Abercrombie & Fitch Company (NYSE:ANF) reported Q4 earnings with adjusted EPS of $2.97, surpassing the consensus of $2.83, and sales of $1.453 billion, exceeding expectations of $1.430 billion. The company saw a 21% net sales growth, led by a 35% increase in Abercrombie brands and a 16% rise in comparable sales. Gross profit rate improved to 62.9%, and the company ended the quarter with $901 million in cash. Despite these positive results, ANF shares dropped 4.64% to $133.46. The company forecasts FY24 revenue of $4.47 billion to $4.56 billion and expects low double-digit revenue growth in Q1.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 3:15 pm

CIG

SO

Southern (NYSE:SO) announces a dividend payout of $0.70 per share with an annualized yield of 4.02%. The company has shown consistent dividend growth from $0.66 in 2021 to $0.70 in 2024, and earnings growth from $3.05 in 2020 to $3.26 in 2023, indicating a strong financial health. Compared to its industry peers, such as Cia Energetica DE Minas (NYSE:CIG) with a 9.46% yield, Southern's yield is moderate but stable.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm

HOMB

TFC

Home BancShares (NYSE:HOMB) announced a dividend payout of $0.18 per share with an annualized yield of 2.91%, payable on March 06, 2024, to shareholders of record as of February 14, 2024. The company has shown a consistent increase in dividends from $0.53 in 2020 to $0.72 in 2023, alongside an earnings growth from $1.24 per share in 2020 to $2.05 per share in 2023. This suggests a strong financial health and potential for future dividend increases. Truist Finl (NYSE:TFC) has the highest annualized dividend yield among peers at 5.61%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm

SWK

TKR

Timken (NYSE:TKR) announces a dividend payout of $0.33 per share with an annualized yield of 1.62%, reflecting steady financial health and a positive trend in earnings and dividends from 2020 to 2023. Stanley Black & Decker (NYSE:SWK) has the highest yield among peers at 3.64%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm

ARC

HNI

HNI Corporation (NYSE:HNI) is set to distribute a dividend of $0.32 per share with an annualized yield of 2.97% to shareholders on record as of February 23, 2024. Despite a steady dividend payout, HNI's earnings per share have decreased from $2.24 in 2020 to $2.24 in 2023, raising concerns about its financial health. The company's dividend yield is in the middle range compared to its industry peers, with ARC Document Solutions (NYSE:ARC) having the highest yield at 7.58%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm

MED

NUS

Nu Skin Enterprises (NYSE:NUS) announced a dividend payout of $0.06 per share with an annualized yield of 1.38%, payable on March 06, 2024, to shareholders of record as of February 23, 2024. Despite an increase in dividend per share from $1.50 in 2020 to $1.56 in 2023, Nu Skin's earnings per share decreased from $2.97 to $2.36 over the same period, indicating a decline in profitability. Nu Skin's dividend yield lags behind industry peers, notably Medifast (NYSE:MED), which boasts a higher annualized dividend yield of 17.00%.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:05 pm

SGHT

Sight Sciences (NASDAQ:SGHT) is anticipated to report a Q4 earnings per share (EPS) of $-0.32 on March 7, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price to past earnings reports, with shares currently down 52.47% over the last year.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:02 pm

VITL

Vital Farms (NASDAQ:VITL) is expected to report an EPS of $0.09 in its upcoming quarterly earnings on March 7, 2024. Analysts and investors are looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter resulting in a 1.75% increase following an EPS beat. Shares have risen 17.26% over the last 52 weeks, indicating a generally positive outlook among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:02 pm

EOLS

Evolus (NASDAQ:EOLS) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts expecting an EPS of $-0.07. Despite past earnings misses, the company's stock has shown resilience with a 71.27% increase over the last 52 weeks. Investors are keen on the upcoming guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:02 pm