Streetbeat News

Earnings

META

Meta Platforms, Inc. (NASDAQ:META) is expected to release its Q3 financial results on Oct. 25, 2023. Analysts predict earnings of $3.63 per share, up from $1.64 per share a year ago, and revenue of $33.58 billion, up from $27.71 billion. However, the company is facing a lawsuit filed by 42 attorneys general. Meta's shares fell 0.5% to close at $312.55 on Tuesday. Several analysts have given the stock a Buy or Overweight rating, with price targets ranging from $365 to $400.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 3:09 pm

GOOGL

Alphabet Inc's (NASDAQ:GOOGL) shares continued to fall after the release of its Q3 results. The company's revenues increased by 11% YoY to $76.7 billion, and operating expenses rose by 6% to $22.1 billion. Analysts from Needham, Morgan Stanley, and Bernstein provided their insights on the results. Needham maintained a Buy rating and raised the price target from $140 to $160. Morgan Stanley reiterated an Overweight rating but reduced the price target from $155 to $150. Bernstein reaffirmed a Market Perform rating and a price target of $140.

Portfolio Pulse from Priya Nigam

October 25, 2023 | 3:08 pm

FBNC

NWBI

First Bancorp (NASDAQ:FBNC) will reward its shareholders with a dividend payout of $0.22 per share, demonstrating an annualized dividend yield of 3.00%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.54 to $0.88. Earnings per share also increased from $3.19 to $3.80 during the same period. Northwest Bancshares (NASDAQ:NWBI) has the highest annualized dividend yield at 7.73% among its industry peers.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:05 pm

MRVL

UMC

Marvell Tech (NASDAQ:MRVL) is set to issue a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 0.43%. The company has maintained a stable dividend per share of $0.24 from 2019 to 2022. Marvell Tech's earnings per share have also increased from $0.74 to $2.16 during the same period, indicating the company's potential to enhance their cash dividend payout. The company's dividend yield is mid-range compared to its industry peers, with United Microelectronics (NYSE:UMC) having the highest annualized dividend yield at 7.88%.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:05 pm

A

Agilent Technologies (NYSE:A) is set to pay a dividend of $0.23 per share on October 25, 2023, with an annualized dividend yield of 0.80%. The company's dividend per share has shown a positive trend, increasing from $0.67 in 2019 to $0.85 in 2022. Similarly, earnings per share have also increased from $3.12 in 2019 to $5.21 in 2022. This suggests a healthy financial status and potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:05 pm

ATLO

UBFO

United Security (NASDAQ:UBFO) is set to deliver a dividend payout of $0.12 per share, equating to an annualized dividend yield of 6.66%. The company's dividend yield falls in the middle range when compared to its industry peers, with Ames National (NASDAQ:ATLO) having the highest annualized dividend yield at 7.15%. Despite no adjustment in the dividend per share over the period of 2019 to 2022, the consistent decrease in earnings per share for United Security highlights a deteriorating financial status, potentially impacting the company's ability to share profits with its investors.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:05 pm

DALN

WLY

John Wiley & Sons (NYSE:WLY) will pay a dividend of $0.35 per share on October 25, 2023, yielding 3.81% annually. The company has shown a positive trend in dividend growth from 2019 to 2022, with dividends per share rising from $1.35 to $1.39. Earnings per share also increased from $2.72 to $3.59 during the same period. DallasNews (NASDAQ:DALN) has the highest annualized dividend yield in the industry at 15.06%.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:05 pm

FTV

Fortive reported lower than expected Q3 revenue results and issued Q4 and FY23 adjusted revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 3:03 pm

CTS

CTS Corporation (NYSE:CTS) is set to release its quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $0.56. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. The stock is currently trading at $38.52 and has seen a 1.18% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:02 pm

FSV

FirstService (NASDAQ:FSV) is set to release its latest quarterly earnings report on October 26, 2023. Analysts estimate an earnings per share (EPS) of $1.28. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price the following day. The stock is currently trading at $139.99, up 11.28% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:02 pm