Streetbeat News

Earnings

ARTNA

WTRG

Artesian Resources (NASDAQ:ARTNA) will pay a dividend of $0.28 per share on August 25, 2023, yielding 2.51% annually. The company has shown a positive trend in dividend per share from 2019 to 2022, increasing from $0.98 to $1.09. Earnings per share also increased from $1.60 to $1.97 during the same period. Essential Utilities (NYSE:WTRG) leads the industry with the highest annualized dividend yield at 3.35%.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:05 pm

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) reported better-than-expected Q2 earnings and sales, and issued Q3 2024 revenue guidance of $1.4 billion. Despite this, Marvell shares fell 8.5%. Post-earnings, Morgan Stanley cut the price target from $68 to $65, B. Riley Securities raised it from $75 to $77, and Rosenblatt maintained a $100 price target.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 3:05 pm

OFED

Oconee Federal Finl (OTC:OFED) will distribute a dividend payout of $0.10 per share, translating to an annualized dividend yield of 3.14%. The company has maintained a stable dividend per share of $0.40 from 2019 to 2022. Additionally, the company's earnings per share have shown an upward trend, rising from $0.65 to $0.82 during the same period.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:05 pm

DLTR

Dollar Tree Inc (NASDAQ:DLTR) reported better-than-expected Q2 earnings and sales, leading to a 1.6% increase in its share price. However, several analysts, including those from Telsey Advisory Group, Goldman Sachs, Deutsche Bank, Barclays, and Citigroup, have lowered their price targets for the company.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 2:58 pm

AFRM

AMSWA

ARDX

HIBB

Several US stocks recorded gains on Friday, with Affirm Holdings, Inc. (AFRM), Hibbett, Inc. (HIBB), American Software, Inc. (AMSWA), and Ardelyx, Inc. (ARDX) among the notable movers. AFRM's shares jumped 24.7% following better-than-expected Q4 results and guidance. HIBB climbed 21.8% after reporting upbeat quarterly earnings. AMSWA rose 10% following positive quarterly earnings. ARDX climbed 9% after Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised the price target.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 2:57 pm

ULTA

Ulta Beauty reported better-than-expected Q2 earnings with a 10.1% YoY increase in revenue to $2.53 billion, beating the consensus estimate of $2.51 billion. The company also raised its full-year 2023 revenue and earnings guidance. However, its shares fell 3.4% to trade at $408.28 on Friday. Post earnings, analysts from Raymond James, Deutsche Bank, Wells Fargo, and Baird revised their price targets on Ulta Beauty.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 2:52 pm

CALM

CHGG

DIT

SANW

STG

The article identifies five value stocks in the consumer defensive sector, namely S&W Seed (SANW), Sunlands Technology (STG), Cal-Maine Foods (CALM), Amcon Distributing (DIT), and Chegg (CHGG). The companies are considered undervalued based on their low price-to-earnings (P/E) multiples. The article also provides recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:40 pm

BCC

HCC

PRM

SUZ

Benzinga Insights has identified Suzano, Warrior Met Coal, United States Steel, Boise Cascade, and Perimeter Solutions as notable value stocks in the basic materials sector. These stocks have low P/E multiples, indicating potential undervaluation. Recent earnings reports show mixed results among these companies.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 2:39 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

TSLA

Stock market bears are predicting an end to the AI-driven rally, pointing to a potential double top pattern on the chart. The 'sell the news' reaction to NVIDIA's earnings report is causing concern. Money flows in tech stocks like Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla were positive after hours but turned negative in the premarket. Investors are awaiting Powell's speech at Jackson Hole, with concerns that he may advocate for a higher long-term policy rate. Early trade money flows are positive for Amazon, Microsoft, Meta Platforms, and Apple, but negative for Tesla, Alphabet, and NVIDIA.

Portfolio Pulse from The Arora Report

August 25, 2023 | 2:35 pm

GPS

Gap Inc. reported better-than-expected Q2 adjusted EPS results and issued FY23 net sales guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:30 pm