Streetbeat News

Earnings

DYNT

NTWK

Dynatronics (NASDAQ:DYNT) and NETSOL Technologies (NASDAQ:NTWK) are scheduled to report their quarterly earnings on September 22, 2023. Dynatronics is expected to report a quarterly loss of $0.28 per share on revenue of $7.86 million.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 3:17 pm

FDX

FedEx Corp (NYSE:FDX) reported better-than-expected earnings for its first quarter, while sales missed estimates. The company lowered its full-year revenue guidance, but raised its earnings outlook. FedEx offers an annual dividend yield of 1.92%, which is a quarterly dividend amount of $1.26 a share ($5.04 a year). To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $311,601 or around 1190 shares.

Portfolio Pulse from Priya Nigam

September 22, 2023 | 3:06 pm

TSX:HPS

Hammond Power Solns (TSX:HPS) will distribute a dividend payout of $0.15 per share on September 22, 2023, equating to an annualized dividend yield of 21.13%. The company has shown a positive financial trend from 2020 to 2022, with an increase in both dividend per share and earnings per share. This suggests their capacity to continue distributing profits to shareholders.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 3:05 pm

NTES

NetEase (NASDAQ:NTES) will distribute a dividend of $0.53 per share on September 22, 2023, yielding an annualized dividend of 2.05%. The company has shown a steady increase in dividend per share from $0.93 in 2020 to $1.52 in 2022, and a growth in earnings per share from $3.07 to $5.59 over the same period. BP (NYSE:BP) has the highest annualized dividend yield at 4.17% among industry peers.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 3:05 pm

WFC

Wells Fargo & Co (NYSE:WFC) shares are trading lower by 1.6% amid overall market weakness and concerns about future rate hikes following the FOMC statement and lower-than-expected initial jobless claims data. Higher interest rates can lead to higher funding costs for banks, squeezing their net interest income and potentially reducing profitability. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting.

Portfolio Pulse from Henry Khederian

September 22, 2023 | 2:58 pm

FDP

GROV

IMKTA

VLGEA

The article discusses notable value stocks in the consumer defensive sector, including iHuman (IH), Village Super Market (VLGEA), Fresh Del Monte Produce (FDP), Grove Collaborative Hldgs (GROV), and Ingles Markets (IMKTA). It provides their P/E ratios and recent earnings per share. The article also mentions that value stocks may need time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 2:40 pm

BCC

GSM

LXU

SILV

UAN

Benzinga Insights has identified five value stocks in the basic materials sector that may be worth watching: SilverCrest Metals (SILV), Ferroglobe (GSM), Boise Cascade (BCC), LSB Industries (LXU), and CVR Partners (UAN). The selection is based on low P/E multiples, indicating potential undervaluation. The report also provides updates on each company's recent earnings per share and dividend yield changes.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 2:39 pm

TGT

Target Corp's (TGT) shares are trading lower by 2.4% to $114.48, hitting a new 52-week low. The drop is attributed to concerns about future rate hikes following the recent FOMC statement and lower-than-expected initial jobless claims data. Higher interest rates could lead to higher borrowing costs for consumers, potentially reducing consumer spending at retailers like Target.

Portfolio Pulse from Henry Khederian

September 22, 2023 | 2:21 pm

NTWK

NETSOL Technologies reported a year-over-year decrease in Q4 EPS results and issued FY24 revenue guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:07 pm

THO

Thor Industries (NYSE:THO) is set to release its latest quarterly earnings report on Monday, 2023-09-25. Analysts estimate an earnings per share (EPS) of $0.95. Last quarter, the company beat EPS by $1.17, resulting in a 0.91% increase in the share price the next day. Shares of Thor Industries were trading at $95.32 as of September 21, with a 52-week increase of 39.23%.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 2:00 pm