Streetbeat News

Earnings

ITRI

Itron, Inc. (NASDAQ:ITRI) reported a 23% year-on-year increase in fourth-quarter FY23 revenue to $577.2 million, surpassing the consensus of $570.2 million. Adjusted EPS was $1.23, beating the consensus of $0.75, leading to a 15.2% increase in stock price to $86.30. Revenue growth was seen across all segments, with Device Solutions up 13%, Networked Solutions up 30%, and Outcomes up 10%. The company also reported $839 million in bookings, a total backlog of $4.5 billion, a gross margin increase to 34.0%, and $39 million in free cash flow. For FY24, Itron expects revenue between $2.275 billion and $2.375 billion and adjusted EPS between $3.40 and $3.80, both above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 3:38 pm

ALT

Altimmune Inc (NASDAQ:ALT) shares surged despite no company-specific news, continuing a trend of volatility following positive trial results for pemvidutide and a short position announcement by Kerrisdale Capital. Kerrisdale remains short, citing competition concerns in the GLP-1 space. Altimmune is expected to report a Q4 loss of 43 cents per share with revenue around $2,140. The stock's long-term forecast suggests a potential price of $36.34 by 2030 based on past performance.

Portfolio Pulse from Adam Eckert

February 26, 2024 | 3:22 pm

NBN

WASH

Northeast Bank (NASDAQ:NBN) announced a dividend payout of $0.01 per share with an annualized yield of 0.07%, maintaining a steady dividend per share of $0.04 from 2020 to 2023. Despite consistent dividends, its yield falls behind industry peers like Washington Trust Bancorp (NASDAQ:WASH), which boasts an 8.63% yield. However, Northeast Bank's earnings per share have grown from $3.01 to $6.85 from 2020 to 2023, indicating financial stability and potential for future dividend increases.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:05 pm

MPW

PEAK

Healthpeak Properties (NYSE:PEAK) announces a dividend payout of $0.30 per share with an annualized yield of 6.44%. Despite a decrease in dividend per share from $1.48 in 2020 to $1.20 in 2023, the company's earnings per share have increased from $1.69 in 2020 to $1.76 in 2023, indicating a strategic shift towards reinvestment. Medical Properties Trust (NYSE:MPW) leads the industry with a 22.92% annualized dividend yield.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:05 pm

A

TECH

Bio-Techne (NASDAQ:TECH) is distributing a dividend of $0.08 per share today, with an annualized yield of 0.46%. The company's dividend has decreased from $1.28 in 2020 to $0.32 in 2023, while earnings per share have increased from $1.23 to $1.96 over the same period. This suggests Bio-Techne is focusing more on business expansion than on dividend payments. Agilent Technologies (NYSE:A) leads the industry with a 0.71% dividend yield.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:05 pm

ADTN

UI

Ubiquiti (NYSE:UI) announces a dividend payout of $0.60 per share with an annualized yield of 1.89% for shareholders on record by February 16, 2024. Despite a decrease in earnings per share from $6.94 in 2020 to $6.72 in 2023, Ubiquiti has shown a positive trend in dividend growth from $1.40 to $2.40 per share from 2020 to 2023. This indicates Ubiquiti's commitment to maintaining shareholder dividends amidst earnings challenges. The company's dividend yield is in the middle range compared to its industry peers, with Adtran Holdings (NASDAQ:ADTN) having the highest yield at 5.89%.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:05 pm

AMNB

WASH

American National (NASDAQ:AMNB) announced a dividend payout of $0.30 per share with an annualized yield of 2.72%, payable on February 26, 2024, to shareholders of record as of February 20, 2024. The company has shown a positive trend in both dividend per share and earnings per share from 2020 to 2023, indicating financial health and potential for continued profit distribution. Washington Trust Bancorp (NASDAQ:WASH) was mentioned for having the highest annualized dividend yield at 8.63% among industry peers.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:05 pm

SEE

Sealed Air (NYSE:SEE) is scheduled to release its quarterly earnings report on February 27, 2024, with analysts expecting an EPS of $0.64. The company's past performance shows a mix of earnings beats and misses, with the stock price reacting accordingly. Shares have declined 25.38% over the last year, indicating potential investor concern ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:02 pm

PRVA

Privia Health Gr (NASDAQ:PRVA) is set to release its quarterly earnings report on February 27, 2024, with an estimated EPS of $0.04. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, PRVA has exceeded EPS estimates, but this has not always led to positive stock price movements. Over the last year, PRVA shares have declined by 29%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 3:02 pm

MULN

Mullen Technologies announces it has commenced full commercial production of Class 1 and Class 3 electric vehicles (EVs), achieving positive gross margins on these classes. Bollinger Motors, part of Mullen, focuses on Class 4-6 EVs, with Class 4 production slated to begin in H2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 3:02 pm