Streetbeat News

Earnings

IDCC

InterDigital (NASDAQ:IDCC) has declared a dividend of $0.40 per share with an annualized yield of 1.59%, payable on January 24, 2024, to shareholders of record as of January 10, 2024. The company has shown a positive trend with an increase in dividend per share from $1.40 to $1.50 and a significant growth in earnings per share from $1.92 to $8.72 from 2020 to 2023. This suggests a strong financial health and potential for future dividend increases, making it attractive to income-seeking investors.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:05 pm

NTAP

XRX

NetApp (NASDAQ:NTAP) is distributing a dividend of $0.50 per share today, with an annualized yield of 2.56%. The company has shown a positive trend in dividend growth from $1.92 to $2.00 per share from 2020 to 2023 and an increase in earnings per share from $4.13 to $5.64 over the same period. NetApp's dividend yield is moderate compared to its peers, with Xerox Holdings (NASDAQ:XRX) having a higher yield of 6.01%. The financial health of NetApp suggests a strong ability to sustain dividend payments.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:05 pm

CIO

OPI

City Office REIT (NYSE:CIO) is set to pay a dividend of $0.10 per share with an annualized yield of 6.02%. The ex-dividend date was January 9, 2024. Despite a decrease in dividend per share from $0.60 in 2020 to $0.50 in 2023, City Office REIT has shown growth in earnings per share from $1.15 to $1.44 over the same period. This suggests a strategic focus on reinvesting profits rather than higher dividend payouts. Office Props IT (NASDAQ:OPI) has the highest annualized dividend yield in the industry at 21.11%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:05 pm

SF

Stifel Financial's stock is trading higher following the announcement of their Q4 results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:04 pm

BANC

Banc of California (NYSE:BANC) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $-0.06. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, BANC missed EPS estimates by $0.00, resulting in a 1.38% share price drop the following day. Over the past year, BANC shares have declined by 21.6%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:02 pm

HTH

Hilltop Hldgs (NYSE:HTH) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $0.40. Investors are looking for an earnings beat and positive guidance for future growth. Historically, HTH's stock price has shown varied reactions to past earnings performances, with both increases and decreases following earnings announcements. The stock is currently trading at $33.69, up 12.41% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:02 pm

BHLB

Berkshire Hills Bancorp (NYSE:BHLB) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $0.49. Investors are looking for an earnings beat and positive guidance for future growth. Historically, BHLB's stock price has not always reacted positively to earnings beats. Over the past year, the stock has declined by 20.77%, indicating potential dissatisfaction among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:01 pm

AIT

Applied Industrial (NYSE:AIT) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $2.11. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, AIT's stock price has not always correlated with earnings performance, as seen in the last quarter with a 2.72% drop despite an EPS beat. Over the last year, AIT shares have increased by 29.51%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:01 pm

CUBI

Customers Bancorp (NYSE:CUBI) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $1.72. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CUBI's stock price has been sensitive to earnings performance and guidance. Last quarter, CUBI beat the EPS estimate by $1.00, resulting in a 17.81% stock price increase the following day. Over the past year, CUBI shares have risen 102.02%, indicating a positive trend for long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:01 pm

NEP

NextEra Energy Partners (NYSE:NEP) is scheduled to release its quarterly earnings report on Thursday, 2024-01-25. Analysts predict an EPS of $0.16. Investors are looking for an earnings beat and positive guidance for future growth. In the past, NEP has had mixed earnings performance, with both beats and misses. The stock price has reacted variably to past earnings, with changes ranging from a 6.33% drop to a 2.3% rise the following day. Currently, NEP shares are trading at $27.85, down 61.59% over the last 52 weeks, indicating dissatisfaction among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:01 pm