Streetbeat News

Earnings

AUPH

Aurinia Pharmaceuticals' shares dropped following mixed Q4 financial results and the announcement that the company failed to find a buyer after a strategic review.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:23 pm

CBRE

CBRE Group's shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:22 pm

UBER

Uber Technologies Inc (NYSE:UBER) announced a $7 billion share buyback program, coinciding with its first annual net profit and leading to an all-time high stock price of $79. The stock surged 14% in one day, despite a drivers' strike, reflecting strong investor confidence. Uber's stock has grown 145% in 2023 and 28% year-to-date in 2024, indicating a bullish long-term outlook despite potential short-term dips from profit-taking.

Portfolio Pulse from Zaheer Anwari

February 15, 2024 | 3:19 pm

HLF

Herbalife's stock price declined following the announcement of mixed financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:16 pm

DE

During a conference call, a Deere executive mentioned that high interest rates are leading to increased caution among consumers in Western Europe. This statement suggests potential impacts on Deere's business operations and sales in that region.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:15 pm

DE

Deere & Co (NYSE:DE) reported a 4% decline in Q1 fiscal 2024 net sales and revenue to $12.185 billion, surpassing consensus estimates. Despite beating revenue expectations, the company saw declines in several segments, with Production & Precision Agriculture and Small Agriculture & Turf net sales dropping 7% and 19% Y/Y, respectively. Construction & Forestry revenue remained flat, while Financial services revenues grew 32% YoY. Operating profit fell 13% Y/Y, and EPS decreased to $6.23 from $6.55 YoY, still beating consensus estimates. Deere also revised its 2024 net income outlook downwards and expects declines in net sales across several segments. Shares fell 4.4% to $367.57.

Portfolio Pulse from Akanksha Bakshi

February 15, 2024 | 3:05 pm

BMRC

FISI

Bank of Marin (NASDAQ:BMRC) announced a dividend payout of $0.25 per share with an annualized yield of 4.84%. The dividend is part of a consistent pattern of payouts, with an increase in dividend per share from $0.92 in 2020 to $1.00 in 2023. However, the company's earnings per share have decreased from $2.20 in 2020 to $2.01 in 2023, raising concerns about future dividend sustainability. Bank of Marin's dividend yield is in the middle range compared to its industry peers, with Financial Institutions (NASDAQ:FISI) having the highest yield at 6.39%.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 3:05 pm

SSBI

TBNK

Summit State Bank (NASDAQ:SSBI) announced a dividend payout of $0.12 per share with an annualized yield of 4.03%, payable on February 15, 2024, to shareholders of record as of February 8, 2024. The bank has shown consistent dividend growth from $0.44 in 2020 to $0.48 in 2023 and an increase in earnings per share from $1.42 in 2020 to $2.02 in 2023, indicating strong financial health and potential for future dividend increases. Territorial Bancorp (NASDAQ:TBNK) is mentioned as having the highest annualized dividend yield among peers at 6.23%.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 3:05 pm

EGBN

LBAI

Lakeland Bancorp (NASDAQ:LBAI) announced a dividend payout of $0.14 per share with an annualized yield of 4.00%. 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 to shareholders. Eagle Bancorp (NASDAQ:EGBN) has the highest annualized dividend yield among peers at 7.64%.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 3:05 pm

AAPL

XRX

Apple (NASDAQ:AAPL) is distributing a dividend of $0.24 per share with an annualized yield of 0.52%. The company has shown a consistent increase in dividend per share from $0.81 in 2020 to $0.95 in 2023, alongside a growth in earnings per share from $3.27 in 2020 to $6.12 in 2023. This reflects Apple's strong financial position and commitment to returning value to shareholders. However, Apple's dividend yield is lower compared to industry peers like Xerox Holdings (NASDAQ:XRX), which has a yield of 5.47%.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 3:05 pm