Streetbeat News

Earnings

SWK

Stanley Black & Decker (NYSE:SWK) is distributing a dividend payout of $0.81 per share, demonstrating an annualized dividend yield of 3.34%. The company has been increasing its dividend per share from $2.70 in 2019 to $3.18 in 2022. However, its earnings per share have decreased from $8.32 in 2019 to $6.77 in 2022. Despite the decline in profitability, the company continues to distribute profits to investors.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:05 pm

PRGO

Perrigo (NYSE:PRGO) is distributing a dividend payout of $0.27 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 $0.82 to $1.04. However, the company's earnings per share have declined from $3.94 in 2019 to $1.92 in 2022, raising concerns for income-seeking investors.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:05 pm

MFC

Manulife Financial (NYSE:MFC) is set to deliver a dividend payout of $0.36 per share, equating to an annualized dividend yield of 5.60%. The company's dividend per share and earnings per share have shown a positive trend from 2019 to 2022, indicating a healthy financial status and potential for future cash dividend payout increases.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:05 pm

BRBS

PWOD

Penns Woods Bancorp (NASDAQ:PWOD) is distributing a dividend payout of $0.32 per share, translating to an annualized dividend yield of 4.98%. The company's dividend per share has decreased from $1.73 in 2019 to $1.28 in 2022, while earnings per share have increased from $2.42 to $2.51 over the same period. The company's dividend yield is mid-range compared to its industry peers, with Blue Ridge Bankshares (NYSE:BRBS) having the highest annualized dividend yield at 7.21%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:05 pm

DIS

Disney's film 'Elemental' has performed well both in cinemas and on its Disney+ streaming platform, despite the company's overall struggle at the box office in 2023. The film grossed $154.3 million domestically and $486.7 million worldwide, and amassed 26.4 million views in its first five days on Disney+. This success comes after Disney announced a $1.99 per month promotion for a basic streaming package with ads. Disney's direct-to-consumer revenue was $5.5 billion in the third quarter, up 9% year-over-year.

Portfolio Pulse from Chris Katje

September 19, 2023 | 3:04 pm

EDXC

Endexx Corporation reported a 1013% YoY increase in its quarterly earnings, with revenues of over $2.8 million. The company plans to raise additional capital for aggressive marketing of its hemp cannabidiol products and to sustain operations until profitability is achieved.

Portfolio Pulse from Jelena Martinovic

September 19, 2023 | 3:01 pm

CCS

HOG

KFS

LEGH

MCFT

Benzinga Insights has identified five value stocks in the consumer cyclical sector based on quantified analysis. These include MasterCraft Boat Hldgs (MCFT), Kingsway Financial Servs (KFS), Harley-Davidson (HOG), Legacy Housing (LEGH), and Century Communities (CCS). The companies have reported varying earnings per share and dividend yields in the recent quarters.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:43 pm

GIS

General Mills, Inc. (NYSE:GIS) is set to report its Q1 2024 financial results on Sept. 20, 2023. Analysts predict a quarterly earnings of $1.08 per share, down from $1.11 per share a year ago, and revenue of $4.88 billion, up from $4.72 billion. The company's shares rose 0.4% to close at $66.10 on Monday. Several analysts have recently revised their price targets for the company, with ratings ranging from 'Market Perform' to 'Neutral'.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 2:42 pm

JKS

MVLA

RELL

SILC

Benzinga Insights has identified five value stocks in the technology sector that may be worth watching: Movella Holdings, Silicom, Richardson Electronics, JinkoSolar Holding Co, and Daqo New Energy. These stocks are considered undervalued based on their low price-to-earnings (P/E) multiples. Movella Holdings and Silicom reported stable EPS, while Richardson Electronics saw a decrease in EPS. JinkoSolar Holding Co experienced an increase in EPS, and Daqo New Energy reported a decrease.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:41 pm

BYDDF

MBGAF

NIO

TSLA

Chinese EV maker NIO Inc. is raising $1 billion in new convertible debt to refinance existing debt and shore up operating capital. The announcement led to a drop in NIO's stock price. The debt issuance is part of NIO's strategy to increase net income and profit margins by an additional 50% before year-end. The company plans to bolster sales to up to 20,000 EVs per month and increase its capacity to sell up to 30,000 EVs per month.

Portfolio Pulse from Daniel Harrison

September 19, 2023 | 2:07 pm