Streetbeat News

Earnings

WPC

W.P. Carey (NYSE:WPC) has been analyzed by 4 analysts in the last three months, showing a mix of sentiments but leaning towards bullish with 3 somewhat bullish ratings and 1 indifferent. The average 12-month price target is $65.5, a slight decline from the previous target. The company, a real estate investment trust, has shown strong financial performance with a notable revenue growth rate of 2.44% and impressive net margin of 34.99%. Analysts have adjusted their ratings and price targets based on market conditions and company performance.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:00 pm

NPO

EnPro shares are trading lower following the announcement of Q4 results that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:00 pm

VRT

In the latest quarter, 5 analysts provided mixed ratings for Vertiv Hldgs (NYSE:VRT), with 3 bullish and 2 somewhat bullish ratings. The average 12-month price target for VRT has been raised to $57.0, an 18.26% increase from the previous target of $48.20. Analysts from firms including Evercore ISI Group, Citigroup, Goldman Sachs, and JP Morgan have raised their price targets, reflecting a positive outlook on the company's performance. Vertiv Hldgs has shown strong financial performance with a revenue growth rate of 17.66%, a net margin of 5.4%, and an ROE of 5.58%, despite a high debt-to-equity ratio of 1.82.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:00 pm

CAMT

Camtek's shares are trading lower after the company reported its Q4 earnings, indicating a negative market reaction to the financial results.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:58 pm

DFIN

Donnelley Financial Solutions, Inc (NYSE:DFIN) reported its quarterly earnings with a 5.2% Y/Y increase in net sales to $176.5 million, surpassing the consensus of $169.4 million. Adjusted EPS of $0.61 also beat the consensus of $0.59. Despite positive earnings, DFIN shares dropped by 2.43% to $59.91. The company anticipates a net sales increase of $20 million to $25 million in 2025 due to new regulations, despite expecting a slight dilution in net earnings and Adjusted EBITDA in 2024.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 5:54 pm

SONY

TTWO

Sony Group Corp. is expected to release a PlayStation 5 Pro in late 2024, aiming to boost interest in the PlayStation 5 ahead of Take-Two Interactive Software Inc.'s Grand Theft Auto VI launch in 2025. This follows a reduction in Sony's sales forecast for the PS5, from 25 million to 21 million units for the fiscal year ending in March, indicating a potential decline in sales. Analysts believe the PS5 Pro launch could stimulate sales despite challenges, including profit margins nearing decade lows. Sony may maintain the current PS5 price post-PS5 Pro launch.

Portfolio Pulse from Franca Quarneti

February 20, 2024 | 5:52 pm

LUV

Bernstein Research analyst David Vernon upgraded Southwest Airlines (NYSE:LUV) from Underperform to Market Perform, raising the price target from $26 to $32. The upgrade is based on stronger than expected domestic market development, despite concerns over Southwest's ability to return to pre-Covid profitability levels and its vulnerability due to elevated valuation. Southwest Airlines has shown a -8.16% growth over the past five years, with a beta of 1.49 indicating high volatility. Its forward P/E ratio is 17.89, below the S&P 500 average.

Portfolio Pulse from Erica Kollmann

February 20, 2024 | 5:42 pm

CCG

TRUP

In Tuesday's intraday session, insurance stocks saw significant movements. Trupanion, Skyward Specialty, Marpai, Fanhua, Ambac Financial Group, and Tiptree were among the gainers, with Trupanion leading by a 7.88% increase. Conversely, Cheche Group, Maiden Holdings, SelectQuote, Huize Holding, Crawford, and Investors Title were the losers, with Cheche Group experiencing the largest decline at 9.06%. These movements were influenced by factors such as recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:40 pm

DAN

Dana Incorporated (NYSE:DAN) shares fell after reporting Q4 sales of $2.494 billion, missing the expected $2.585 billion. The decrease from the previous year's $2.555 billion was attributed to the UAW strike's impact on the Light Vehicle Driveline segment, despite cost-recovery actions and sales backlog conversion. The adjusted loss was $(11) million, or $(0.08) per share, missing the $(0.06) consensus. Adjusted EBITDA was $156 million, down from $176 million in 2022, with efficiency improvements partially offsetting the UAW strike and higher electric vehicle development costs. Free cash flow also decreased to $136 million from $202 million due to higher working capital requirements. Dana's three-year new business backlog has grown to $950 million. For FY24, Dana expects sales of $10.65 billion-$11.15 billion and diluted EPS of $0.35-$0.85, with an adjusted EBITDA of $875 million-$975 million.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 5:38 pm

GFS

INTC

Intel Corp (NASDAQ:INTC) stock rose amid discussions with the U.S. government to secure a record sum under the U.S. Chips Act, aiming to enhance its position in the AI market. The company could receive over $10 billion in loans and grants. Intel is also expanding its manufacturing capabilities, including a significant investment in a new plant in Ireland and a partnership with Brookfield Infrastructure in Arizona. However, analysts predict a first-quarter sales miss due to various challenges. Meanwhile, GlobalFoundries Inc (NASDAQ:GFS) secured $1.5 billion in grants under the same act.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 5:37 pm