Streetbeat News

Earnings

UBER

Uber Technologies, Inc. plans to integrate London's black cabs into its platform in 2024, despite opposition from the Licensed Taxi Drivers Association (LTDA). The service will offer commission-free bookings for the first six months. LTDA criticized Uber's safety record, but Uber cites successful taxi integrations in other cities. The first black cab driver to join Uber sees potential for increased earnings. Uber's Q3 FY23 revenue grew 11% to $9.29 billion, missing estimates, with trips up 25% year-over-year.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 3:23 pm

MCBC

WTBA

Macatawa Bank (NASDAQ:MCBC) is set to distribute a dividend of $0.09 per share, with an annualized yield of 4.32%. The ex-dividend date was November 13, 2023. The bank has shown an increase in dividend per share from $0.28 in 2019 to $0.32 in 2022, despite a decrease in earnings per share from $0.91 in 2019 to $0.84 in 2022. This could raise concerns about the sustainability of future dividends. West Bancorp (NASDAQ:WTBA) has a higher annualized dividend yield of 5.72%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:05 pm

CG

FSK

Carlyle Group (NASDAQ:CG) is set to pay a dividend of $0.35 per share on November 29, 2023, with an annualized yield of 4.84%. Shareholders eligible for this dividend must have held the stock before the ex-dividend date of November 20, 2023. The company's dividend yield is moderate compared to industry peers like FS KKR Capital (NYSE:FSK), which has a yield of 14.11%. Carlyle Group's dividend per share has decreased from $1.36 in 2019 to $1.23 in 2022, while its earnings per share have grown from $2.81 to $5.34 over the same period, indicating a potential strategic shift towards reinvestment.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:05 pm

SWK

TKR

Timken (NYSE:TKR) has announced a dividend payout of $0.33 per share with an annualized yield of 1.86%. The ex-dividend date was November 13, 2023. Timken's dividend per share has grown from $1.12 in 2019 to $1.23 in 2022, and earnings per share have increased from $4.76 to $5.58 over the same period, indicating a strong financial position and potential for future dividend increases. Stanley Black & Decker (NYSE:SWK) has the highest annualized dividend yield in the industry at 3.58%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:05 pm

FGBI

LARK

Landmark Bancorp (NASDAQ:LARK) is set to distribute a dividend of $0.21 per share on November 29, 2023, with a 5.00% annualized yield for shareholders recorded before November 14, 2023. The company has shown a steady increase in dividend per share from $0.80 in 2019 to $0.84 in 2022, reflecting a commitment to shareholder value. However, there's a decrease in earnings per share from $3.25 in 2019 to $2.25 in 2022, indicating a potential concern for future profitability and dividend sustainability. Landmark Bancorp's dividend yield is moderate compared to industry peers like First Guaranty Bancshares (NASDAQ:FGBI), which has a 6.77% yield.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:05 pm

CG

FSK

Carlyle Group (NASDAQ:CG) is set to pay a dividend of $0.35 per share on November 29, 2023, with an annualized yield of 4.84%. Despite a decrease in dividend per share from $1.36 in 2019 to $1.23 in 2022, Carlyle Group's earnings have grown, with EPS rising from $2.81 to $5.34. This suggests a strategic shift towards retaining earnings for reinvestment. FS KKR Capital (NYSE:FSK) has the highest annualized dividend yield among peers at 14.11%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:05 pm

REX

REX American Resources (NYSE:REX) is scheduled to release its quarterly earnings report on Thursday, 2023-11-30. Analysts predict an EPS of $0.68. Investors are looking for an earnings beat and positive guidance for future growth. Historically, REX's stock price has shown varied reactions to earnings performance, with a 1.7% increase after a miss last quarter. Shares are currently trading at $36.65, up 5.95% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:01 pm

REE

REE Automotive (NASDAQ:REE) is scheduled to release its quarterly earnings report on Thursday, 2023-11-30, with an estimated EPS of $-0.11. Investors are looking for an earnings beat and positive guidance for the next quarter. REE's stock performance has been negative over the past year, with a 54.72% decline. Past earnings have shown mixed results with both positive and negative post-earnings share price movements.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:01 pm

TLYS

Tilly's (NYSE:TLYS) is scheduled to release its quarterly earnings report on Thursday, 2023-11-30, with analysts expecting an EPS of $-0.07. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Tilly's has had mixed reactions to earnings reports, with share price movements varying post-announcement. Shares are currently trading at $8.39, down 2.37% over the last 52 weeks. The upcoming earnings report could influence the stock's performance, especially if the company's results differ from expectations or guidance provided.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:01 pm

BZAMF

BZAM Ltd. reported a 112% YoY increase in Q3 net revenue to CA$21 million, driven by a merger with The Green Organic Dutchman Holdings Ltd. Despite revenue growth, the company experienced a net loss from operations of CA$17 million, up from CA$6.8 million last year. BZAM implemented cost reduction measures, including layoffs and facility consolidations. Shares of BZAMF fell 0.9664% to $0.1178 post-announcement.

Portfolio Pulse from Jelena Martinovic

November 29, 2023 | 2:49 pm