Streetbeat News

Earnings

SPR

Spirit AeroSystems Holdings (SPR) has seen a significant option alert for October 20 $20 calls. A total of 1528 contracts were traded near the ask price at $0.6, compared to an open interest of 262. The company is expected to announce its earnings on November 2 before the market opens.

Portfolio Pulse from Charles Gross

September 11, 2023 | 4:22 pm

AVTA

CRNX

GRNT

NBY

SGMA

TNON

VIRC

U.S. stocks traded higher with the Nasdaq Composite gaining around 80 points. Virco Mfg. Corporation's shares jumped around 12% after reporting better-than-expected Q2 earnings. NovaBay Pharmaceuticals, Crinetics Pharmaceuticals, and Avantax shares also surged. SigmaTron International, Tenon Medical, and Granite Ridge Resources shares dropped.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 4:03 pm

NVDA

Nvidia (NASDAQ:NVDA) remains the top AI stock despite being over-owned, which means that anyone who was going to buy has already bought. The company reported Q2 revenues of $13.5B and is guiding revenues of $16B for the current quarter. Nvidia's Q2 data center revenues were $10.32B, up 141% from Q1. The company is also authorizing an additional $25B in share buyback. Despite the risks, including new competition, Nvidia's valuation could reach $756 per share by 2026.

Portfolio Pulse from The Arora Report

September 11, 2023 | 3:52 pm

BON

Bon Natural Life (NASDAQ:BON) reported a decrease in H1 earnings per share (EPS) from $0.30 YoY to $0.24, a 20% decrease. However, the company's sales increased by 3.01% to $14.10 million from $13.69 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 3:39 pm

USFD

US Foods Holding Corp (USFD) has initiated a private offering of $1.0 billion in notes, consisting of senior unsecured notes due 2028 and 2023. The proceeds will be used to redeem its outstanding 6.250% senior secured notes due 2025. The company also revised its FY23 outlook for adjusted EPS to $2.55-$2.65 from $2.45 - $2.65.

Portfolio Pulse from Shivani Kumaresan

September 11, 2023 | 3:09 pm

RTX

Raytheon Technologies (RTX) shares are trading lower after the company announced it expects to incur a $3 billion to $3.5 billion impact to its pre-tax operating profit due to the impact to the Pratt & Whitney GTF fleet.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 3:09 pm

ESNT

Essent Group (NYSE:ESNT) is set to deliver a dividend payout of $0.25 per share, equating to an annualized dividend yield of 1.96%. The company's dividend per share and earnings per share have shown a positive trend from 2020 to 2022, indicating a healthy financial status and potential to maintain their dividend distribution to investors.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:05 pm

LNC

PRI

Primerica (NYSE:PRI) is set to deliver a dividend payout of $0.65 per share, equating to an annualized dividend yield of 1.22%. The company's dividend per share has shown a positive trend, increasing from $1.36 in 2019 to $2.20 in 2022. Primerica's earnings per share also increased from $8.22 in 2019 to $10.93 in 2022. The company's dividend yield is in the middle compared to its industry peers, with Lincoln National (NYSE:LNC) having the highest annualized dividend yield at 7.01%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:05 pm

MLR

TRN

Miller Industries (NYSE:MLR) is set to deliver a dividend payout of $0.18 per share, equating to an annualized dividend yield of 1.91%. The company has maintained a consistent dividend per share of $0.72 from 2019 to 2022. However, Miller Industries experienced a decrease in earnings per share from $3.36 to $1.21 during the same period, which may impact its ability to sustain or increase its cash dividend payouts. Trinity Industries (NYSE:TRN) has the highest annualized dividend yield at 4.41% among its industry peers.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:05 pm

PATK

PHIN

Patrick Industries (NASDAQ:PATK) will pay a dividend of $0.45 per share on September 11, 2023, yielding 2.23% annually. The company has shown a positive trend in dividend growth from 2020 to 2022, increasing from $1.03 to $1.44 per share. Earnings per share also grew from $3.96 to $14.38 during the same period. Patrick Industries' dividend yield is mid-range compared to its peers, with Phinia (NYSE:PHIN) having the highest yield at 3.59%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:05 pm