Streetbeat News

Earnings

DALN

WLY

John Wiley & Sons (NYSE:WLY) is set to pay a dividend of $0.35 per share on July 20, 2023, with an annualized dividend yield of 4.55%. The company has shown an upward trend in both dividend per share and earnings per share from 2019 to 2022. DallasNews (NASDAQ:DALN) leads the industry with the highest annualized dividend yield at 14.68%.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:05 pm

FISI

FNLC

First Bancorp (NASDAQ:FNLC) will issue a dividend payout of $0.35 per share, resulting in an annualized dividend yield of 5.78%. The company has seen an increase in dividend per share from $1.19 in 2019 to $1.34 in 2022, and an increase in earnings per share from $2.33 to $3.57 over the same period. Financial Institutions (NASDAQ:FISI) has the highest annualized dividend yield at 6.87% among its industry peers.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:05 pm

FISI

FLIC

First of Long Island (NASDAQ:FLIC) has announced a dividend payout of $0.21 per share, resulting in an annualized dividend yield of 6.94%. The company has shown a positive trend in dividend growth from 2019 to 2022, with dividends per share rising from $0.70 to $0.82. Additionally, earnings per share have also increased from $1.69 to $2.03 during the same period. First of Long Island's dividend yield is the highest among its industry peers, including Financial Institutions (NASDAQ:FISI), which has an annualized dividend yield of 6.87%.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:05 pm

ATVI

MSFT

Activision Blizzard (NASDAQ:ATVI) reported strong Q2 results, beating Street estimates for revenue and outperforming on profits. The company's deal with Microsoft (NASDAQ:MSFT) has been extended to October 18, with an increase in the termination fee Microsoft must pay if the transaction is terminated after August 29. Analysts from Wedbush, Truist, and Baird have maintained positive ratings for ATVI, with price targets ranging from $90 to $95.99.

Portfolio Pulse from Priya Nigam

July 20, 2023 | 3:02 pm

SEM

Select Medical Holdings Corporation (NYSE:SEM) has announced preliminary financial results for Q2 2023, ahead of its actual results announcement on August 3, 2023. The company expects Q2 EPS of $0.61, beating the estimated $0.48, and revenue of $1.67B, slightly above the estimated $1.64B. The company also reported $100M of cash and $3.75B of indebtedness on its balance sheet. The company is currently in discussions with lenders regarding refinancing of its outstanding debt.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 3:02 pm

IBM

NFLX

TSLA

TSM

Tesla, IBM, and Netflix have released their earnings reports. Tesla's earnings beat expectations due to a large non-operating gain, but its free cash flow was below consensus. Most analysts are upgrading Tesla stock based on these earnings. Netflix's stock is falling as Q3 revenue projections are below consensus. IBM's earnings were in line with whisper numbers. Taiwan Semiconductor Mfg. Co. Ltd. (TSM) is guiding Q3 revenue of $16.7B - $17.5B vs. $17.68B consensus, which could indicate weaker demand for semiconductors.

Portfolio Pulse from The Arora Report

July 20, 2023 | 3:02 pm

ACU

Acme United (AMEX:ACU) is set to release its quarterly earnings report on July 21, 2023. Analysts estimate an earnings per share (EPS) of $0.52. The company's past performance shows a mixed record of beating or missing EPS estimates. The stock price has dropped 22.51% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:00 pm

ALL

Allstate Corp has reported an estimated catastrophe loss of $1.01 billion for June, with Q2 total catastrophe losses standing at $2.70 billion. The company has implemented significant auto and homeowners insurance rate actions to improve profitability, which are expected to raise annualized written premiums by approximately $1.95 billion and $754 million respectively. ALL shares are trading higher by 3.50% at $109.49.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 2:56 pm

RIVN

Rivian Automotive Inc (RIVN) shares are trading lower by 3.75% to $23.90. The stock is falling in sympathy with peer EV maker Tesla Inc after Tesla reported second-quarter earnings results. Tesla's revenue rose 47% YoY to $24.93 billion, surpassing estimates. However, operating margins were 9.6%, and gross margins were 18.2%, down from 25% YoY.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 2:52 pm

LCID

Lucid Group Inc's (LCID) shares are trading lower by 3.38% to $7.00, in sympathy with Tesla Inc's reported Q2 earnings results. Tesla's Q2 revenue rose 47% YoY to $24.93 billion, surpassing the consensus estimate of $24.48 billion. LCID has a 52-week high of $21.78 and a 52-week low of $5.46.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 2:52 pm