Streetbeat News

Earnings

APLS

Apellis Pharmaceuticals has seen a significant increase in call options for November 17 at $55, with 1186 contracts at $4.0, compared to an open interest of 238. The company is expected to release its earnings report on November 6.

Portfolio Pulse from Charles Gross

September 20, 2023 | 4:27 pm

SEZL

Sezzle reported its total income for August, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:26 pm

AAP

AZO

ORLY

AutoZone, Inc. (NYSE:AZO) reported fiscal fourth quarter earnings and sales that exceeded expectations due to soaring international demand and improved margins. However, domestic commercial growth was lower than expected, causing shares to drop. The company faces competition from Advance Auto Parts Inc (NYSE:AAP) and O'Reilly Automotive Inc (NASDAQ:ORLY). AutoZone's revenue for the quarter was $5.69 billion, a 6.4% YoY increase, and net income was $864.8 million or $46.46 per share, a 6.8% rise. However, domestic sales fell short of expectations, increasing only 3.9% to $1.49 billion. The company's new CEO, Bill Hackney, is expected to address the disappointing U.S. growth and expand the commercial business.

Portfolio Pulse from Upwallstreet

September 20, 2023 | 4:22 pm

CATC

FRTX

GIS

ICCM

SCS

SEEL

SPRY

U.S. stocks traded mixed with the Nasdaq Composite turning lower. General Mills Inc reported better-than-expected earnings for its first quarter. Steelcase Inc. reported better-than-expected results for its second quarter. Shares of Cambridge Bancorp surged after the company announced a merger with Eastern Bankshares. Fresh Tracks Therapeutics shares were up after the company announced a plan of liquidation and dissolution. Seelos Therapeutics shares dropped after its SLS-002 Phase II study did not meet the pre-defined primary endpoint. ARS Pharmaceuticals shares were down after the FDA issued a Complete Response Letter regarding its New Drug Application. IceCure Medical shares fell after the FDA denied its De Novo Classification request for breast cancer.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 4:09 pm

VCEL

J Capital Research has released a short report on Vericel Corporation (NASDAQ:VCEL), a company specializing in cartilage-repair and burn treatment products. Despite promising applications, Vericel has consistently underperformed, with losses each year since 1996, except for a $2.9 million profit in 2020. The company's market capitalization has grown by 38% to $1.7 billion, coinciding with an increase in losses over the past three years. Vericel's management continues to award itself generous stock-based compensation packages, despite the company's financial struggles.

Portfolio Pulse from Vandana Singh

September 20, 2023 | 4:04 pm

AZO

AutoZone's stock price is trading higher after several firms increased their price targets following the company's Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:01 pm

ELV

Elevance Health Officers have announced their intention to reaffirm the company's net income guidance for FY23 to be greater than $29.09 per share. Excluding certain items, the adjusted net income is expected to be greater than $32.85 per share for FY23. The FY23 share view is $32.93.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 3:52 pm

AVY

Avery Dennison (NYSE:AVY) is distributing a dividend payout of $0.81 per share, with an annualized dividend yield of 1.79%. The company has shown an upward trend in both dividend per share and earnings per share from 2019 to 2022. The company's dividend yield is mid-range compared to its industry peers, with International Paper (NYSE:IP) having the highest annualized dividend yield at 5.43%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:05 pm

SBAC

SBA Comms (NASDAQ:SBAC) will distribute a dividend payout of $0.85 per share on September 20, 2023, equating to an annualized dividend yield of 1.55%. The company has shown a positive trend in both dividend per share and earnings per share from 2020 to 2022, indicating a strong financial performance and its ability to continue rewarding shareholders.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:05 pm

ENIC

EVRG

Evergy (NASDAQ:EVRG) is set to distribute a dividend payout of $0.61 per share, resulting in an annualized dividend yield of 4.20%. The company has shown a steady increase in its dividend per share from $1.93 in 2019 to $2.33 in 2022, and its earnings per share have also increased from $2.66 in 2019 to $3.61 in 2022. When compared to its industry peers, Evergy's dividend yield is in the middle, with Enel Chile (NYSE:ENIC) having the highest annualized dividend yield at 10.41%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:05 pm