Streetbeat News

Earnings

KBH

KB Home (NYSE:KBH) reported a decline in sales for its fiscal third quarter, despite beating earnings expectations. Analysts from Wedbush and RBC Capital Markets expressed caution about the company's Q4 margins. Wedbush reduced the price target from $64 to $55, while RBC maintained a price target of $52. KB Home's shares were down 2.83% to $46.74 at the time of publication.

Portfolio Pulse from Priya Nigam

September 21, 2023 | 4:53 pm

FDX

UPS

FedEx Corp (NYSE:FDX) shares spiked after the company reported its quarterly results and gained market share. Analysts from Morgan Stanley, Stephens, and Oppenheimer provided their insights on the earnings release. Morgan Stanley maintained an Equal-Weight rating and raised the price target from $200 to $205. Stephens reiterated an Overweight rating and a price target of $290. Oppenheimer reaffirmed a Perform rating on the stock. FedEx's earnings beat was driven by FedEx Ground, which reported an operating margin of 13.3% due to stronger volumes.

Portfolio Pulse from Priya Nigam

September 21, 2023 | 4:29 pm

CZOO

FDX

MURF

NIR

SEEL

SPLK

TVTX

U.S. stocks traded lower with the Dow Jones falling around 150 points. FedEx Corp (FDX) shares gained over 4% after reporting better-than-expected earnings for Q1, despite sales missing estimates. Murphy Canyon Acquisition Corp. (MURF), Near Intelligence, Inc. (NIR), and Splunk Inc. (SPLK) saw significant gains. Travere Therapeutics, Inc. (TVTX), Cazoo Group Ltd (CZOO), and Seelos Therapeutics, Inc. (SEEL) experienced significant drops.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 4:07 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading lower, with a 20% drop over the last five days. The cannabis sector has seen increased investor interest due to a recommendation to the DEA to reschedule marijuana and potential banking reform. Tilray is set to report its Q1 2024 earnings on Oct. 4, with an expected loss of 5 cents per share and revenue of $174 million.

Portfolio Pulse from Erica Kollmann

September 21, 2023 | 4:00 pm

FDS

FactSet reported mixed Q4 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 3:23 pm

QCOM

UMC

Qualcomm (NASDAQ:QCOM) is set to pay a dividend of $0.80 per share on September 21, 2023, with an annualized dividend yield of 2.60%. The company has shown a steady increase in its dividend per share from $2.48 in 2019 to $2.93 in 2022. Additionally, Qualcomm's earnings per share have also grown from $3.55 to $12.53 during the same period. 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 8.41%.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 3:05 pm

RELX

RGP

Resources Connection (NASDAQ:RGP) is distributing a dividend payout of $0.14 per share, with an annualized dividend yield of 3.54%. The company has shown an upward trend in earnings from 2019 to 2022, with earnings per share rising from $0.98 to $2.39. It also surpasses RELX (NYSE:RELX) with an annualized dividend yield of 2.02%.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 3:05 pm

VHI

Valhi (NYSE:VHI) will issue a dividend payout of $0.08 per share, resulting in an annualized dividend yield of 2.16%. The company's dividend per share has decreased from $0.96 in 2019 to $0.32 in 2022, while earnings per share increased from $2.16 to $5.32. This suggests that Valhi is allocating more profits towards business expansion instead of dividend payments. FutureFuel (NYSE:FF) has the highest annualized dividend yield at 3.35% among its industry peers.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 3:05 pm

GIS

General Mills Inc reported Q1 FY24 sales growth of 4% YoY to $4.90 billion, beating the analyst consensus. Adjusted EPS of $1.09 also topped the consensus. The company reaffirmed its FY24 organic sales growth outlook of 3%-4%. However, Goldman Sachs and Morgan Stanley cut their price targets on General Mills following the earnings announcement.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 3:03 pm

CVLY

EBTC

FNWB

FSBW

TRST

Benzinga Insights has identified five value stocks in the financial services sector that may be worth watching: FS Bancorp, Trustco Bank, First Northwest Bancorp, Enterprise Bancorp, and Codorus Valley Bancorp. The selection is based on low P/E multiples, indicating that these companies may be undervalued. Recent earnings and dividend yields for each company are also provided.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 2:48 pm