Streetbeat News

Earnings

PGC

WASH

Peapack Gladstone Finl (NASDAQ:PGC) is set to deliver a dividend payout of $0.05 per share, equating to an annualized dividend yield of 0.68%. The company's dividend yield is lower compared to its industry peers, with Washington Trust Bancorp (NASDAQ:WASH) having a higher annualized dividend yield of 8.14%. Despite no adjustment in the dividend per share from 2019 to 2022, the consistent growth in earnings per share for Peapack Gladstone Finl indicates a sound financial status.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 3:05 pm

WRK

WestRock (NYSE:WRK) is distributing a dividend payout of $0.28 per share, with an annualized dividend yield of 3.39%. The company's dividend per share has decreased from $1.82 in 2019 to $1.02 in 2022, while earnings per share have increased from $3.98 to $4.79. This suggests that WestRock may be focusing on reinvesting profits into business growth rather than prioritizing dividend distributions.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 3:05 pm

BCH

CFG

FBP

OVBC

STT

The article lists five value stocks in the financial services sector: First BanCorp (FBP), Citizens Financial Group (CFG), Banco De Chile (BCH), Ohio Valley Banc (OVBC), and State Street (STT). The companies' P/E ratios and recent earnings per share are provided. The article also notes that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 2:48 pm

SNOW

Snowflake's shares are experiencing increased volatility following the release of the company's Q2 financial results. The stock initially surged but has since sold off.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 2:44 pm

SNOW

Despite reporting better-than-expected results for its fiscal second quarter, shares of Snowflake Inc (NYSE:SNOW) declined in early trading on Thursday. Analysts from Piper Sandler, Mizuho Securities, Morgan Stanley, Goldman Sachs, and Needham provided their insights on the earnings release, with most maintaining a positive outlook on the company's future growth. However, the company's stock price declined by 2.22% to $152.25 at the time of publication.

Portfolio Pulse from Priya Nigam

August 24, 2023 | 2:43 pm

EPM

ESTE

HPK

MUR

NRT

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: North European Oil (NRT), Evolution Petroleum (EPM), Earthstone Energy (ESTE), HighPeak Energy (HPK), and Murphy Oil (MUR). The selection is based on low P/E multiples, indicating potential undervaluation. However, all companies experienced changes in their earnings per share and dividend yields in the recent quarters.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 2:39 pm

CSCO

Kyndryl Holdings Inc (KD) has expanded its technology partnership with Cisco Systems Inc (CSCO) to offer cyber resilience services. The collaboration will combine KD's cyber resilience framework with Cisco's network software portfolio, hardware, and equipment to help customers address cyber incidents more efficiently. KD recently reported Q1 FY24 revenues of $4.2 billion and a net loss of $141 million, but raised its fiscal 2024 adjusted EBITDA margin outlook to approximately 14%.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 2:34 pm

BRSH

ELIQ

MULN

NVDA

OIG

SCTL

VFS

U.S. stocks traded higher with the Dow Jones gaining over 150 points. NVIDIA Corporation reported better-than-expected Q2 results and issued strong Q3 revenue guidance. The company's board also approved an additional $25 billion in share repurchases. Bruush Oral Care, VinFast Auto, and Electriq Power Holdings saw significant stock increases, while Orbital Infrastructure Group, Societal CDMO, and Mullen Automotive experienced notable drops.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 2:15 pm

CHTR

CMCSA

TMUS

T-Mobile US, Inc plans to reduce its workforce by nearly 7% or 5,000 positions, incurring a pre-tax charge of approximately $450 million in Q3 2023. The company reiterated its FY23 guidance. The restructuring will mainly affect the corporate, back-office, and technology sectors. The company aims to centralize some functions to increase efficiency and cut costs. T-Mobile reported Q2 revenue of $19.2 billion, a 2.6% YoY decline, and EPS of $1.86, beating the consensus of $1.69.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 2:14 pm

OSIS

OSI Systems, Inc (NASDAQ:OSIS) reported a 22% YoY increase in Q4 revenue to $411.9 million, surpassing the consensus of $384.5 million. The company's security division revenue rose to $269.1 million, healthcare division revenue climbed to $59.5 million, and optoelectronics and manufacturing division revenue was $100.9 million. The gross margin declined by 163 bps to 34.7%, while the adjusted operating margin expanded by 190 bps to 15.6%. The company's FY24 outlook expects revenue growth of over 18% YoY.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 2:06 pm