Streetbeat News

Earnings

AMZN

C

DD

DIS

GM

GS

KHC

META

MPW

ODFL

SCU

TSLA

WMT

X

Meta Platforms is preparing to launch a desktop version of Threads to compete with Elon Musk's X. Amazon has restarted its external shipping service, challenging FedEx and UPS. High-profile investors have presented a competing bid for Sculptor Capital Management. Kraft Heinz plans to offer Lunchables to school cafeterias. Medical Properties Trust's deal with Prospect Medical Holdings is on hold. Tesla has suffered a data breach affecting over 75,000 people. Old Dominion Freight Line has offered $1.5 billion to acquire Yellow Corp's terminals. General Motors' Cruise is under investigation after a collision. DuPont is in talks to sell its Delrin resins unit. Disney is in a legal battle with Florida Governor Ron DeSantis. Goldman Sachs faces potential lawsuits over the 1MDB scandal. Citigroup is considering splitting its largest division. Walmart and Centric Brands are examining their Cambodian supply chains. US Steel denies union veto rights in company sale.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 3:17 pm

NSSC

NAPCO Security Technologies reported preliminary Q4 financial results, which led to a decrease in its share prices. Several firms also downgraded their ratings and price targets for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:16 pm

AAOI

ESTE

GNLX

MRNA

PANW

XPEV

Several stocks recorded gains on Monday, including Genelux Corporation, Applied Optoelectronics, AlloVir, Earthstone Energy, Palo Alto Networks, Archer Aviation, XPeng, Eos Energy Enterprises, BioNTech, and Moderna. Notable events include Earthstone Energy's acquisition by Permian Resources, Palo Alto Networks' strong Q4 earnings, XPeng's upgrade from Neutral to Buy by B of A Securities, and Moderna's announcement of positive preliminary clinical trial data for its updated COVID-19 vaccine.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 3:08 pm

SUN

Sunoco (NYSE:SUN) has announced a dividend payout of $0.84 per share, resulting in an annualized dividend yield of 7.50%. The company has maintained a steady dividend per share of $3.30 from 2019 to 2022, demonstrating its commitment to providing stability to shareholders. Additionally, Sunoco's earnings per share have shown an upward trend from $2.83 to $5.22 from 2019 to 2022.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

ET

TRMD

Energy Transfer (NYSE:ET) is distributing a dividend payout of $0.31 per share, leading to an annualized dividend yield of 9.34%. The company's dividend per share has decreased from $1.22 in 2019 to $0.87 in 2022, while its earnings per share have increased from $1.26 to $1.34 over the same period. This suggests that Energy Transfer is focusing on business growth by reinvesting profits rather than on dividend distributions.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

KMT

MWA

Mueller Water Products (NYSE:MWA) is distributing a dividend payout of $0.06 per share, demonstrating an annualized dividend yield of 1.53%. The company has seen a growth in its dividend per share from $0.21 to $0.23 from 2019 to 2022, but a decrease in earnings per share from $0.62 to $0.57. Kennametal (NYSE:KMT) has the highest annualized dividend yield at 3.03% among its industry peers.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

VLGEA

WMK

Weis Markets (NYSE:WMK) is set to deliver a dividend payout of $0.34 per share, equating to an annualized dividend yield of 2.02%. The company's dividend payout went ex-dividend on August 04, 2023. From 2019 to 2022, Weis Markets has demonstrated an upward trend in earnings, with earnings per share rising from $2.31 to $4.43. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

CALM

SEB

Seaboard (AMEX:SEB) is set to distribute a dividend payout of $2.25 per share, translating to an annualized dividend yield of 0.25%. The company has maintained a steady dividend per share of $9.00 from 2019 to 2022, demonstrating its commitment to a stable dividend policy. However, Seaboard lags behind its industry peers in terms of dividend yield, with Cal-Maine Foods (NASDAQ:CALM) surpassing it with a higher annualized dividend yield of 10.83%. Seaboard's earnings per share have increased from $119.57 in 2019 to $410.86 in 2022, suggesting potential for higher cash dividend payouts in the future.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:05 pm

KC

Kingsoft Cloud Holdings (NASDAQ:KC) is set to release its latest quarterly earnings report on Tuesday, 2023-08-22. Analysts estimate an earnings per share (EPS) of $-0.20. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $5.11, up 79.4% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:01 pm

BMTX

BM Technologies (BMTX) is set to release its latest quarterly earnings report on August 22, 2023. Analysts estimate an earnings per share (EPS) of $-0.24. The company's past performance shows a pattern of share price drops following earnings reports, even when beating estimates. The stock is currently trading at $2.61, down 60.89% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:01 pm