Streetbeat News

Earnings

BURBY

Burberry Group Plc reported an 18% YoY increase in comparable store sales in Q1, with growth in all regions except the Americas. Retail revenue rose 16.6% to £589 million, primarily due to recovery in Mainland China. The company opened or refurbished 19 stores during the quarter. Burberry maintained its current-year guidance of high single-digit revenue CAGR from FY20 base, equating to low double-digit growth in FY24. The company's shares are up 0.61% to $27.87.

Portfolio Pulse from Nabaparna Bhattacharya

July 14, 2023 | 3:19 pm

TU

TELUS Corporation has revised its 2023 financial outlook downwards, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:06 pm

CTRE

CareTrust REIT (NYSE:CTRE) is set to deliver a dividend payout of $0.28 per share, equating to an annualized dividend yield of 5.65%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.90 to $1.10. Additionally, CareTrust REIT has experienced an increase in their earnings from $1.34 per share to $1.50 per share from 2019 to 2022.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:05 pm

ALCO

LND

Alico (NASDAQ:ALCO) is set to distribute a dividend of $0.05 per share on July 14, 2023, translating to an annualized dividend yield of 0.78%. The company has shown a positive dividend growth pattern from 2019 to 2022, but its earnings per share have decreased over the same period. Compared to its industry peers, Alico's dividend yield is relatively lower, with Brasilagro - Cia Bras (NYSE:LND) having a higher annualized dividend yield of 19.24%.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:05 pm

MDT

Medtronic (NYSE:MDT) is set to distribute a dividend payout of $0.69 per share on July 14, 2023, equating to an annualized dividend yield of 3.17%. The company has shown an upward trajectory in its dividend per share from 2019 to 2022, rising from $2.12 to $2.67. However, it has experienced a decrease in earnings per share during the same period, dropping from $5.40 to $5.32.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:05 pm

TSX:AFN

Ag Growth International (TSX:AFN) has announced a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 1.22%. The company's dividend per share has decreased from $0.65 in 2020 to $0.60 in 2022, while its earnings per share have increased from $2.57 to $3.62 over the same period. This suggests that the company is focusing on reinvesting profits into business growth rather than prioritizing dividend distributions.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:05 pm

GGB

RS

Reliance Steel & Aluminum (NYSE:RS) will distribute a dividend payout of $1.00 per share on July 14, 2023, equating to an annualized dividend yield of 1.60%. The company has shown a positive financial trend from 2019 to 2022, with an increase in both dividend per share and earnings per share. Gerdau (NYSE:GGB) has the highest annualized dividend yield at 11.48% among its industry peers.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:05 pm

ASML

A whale investor has taken a bullish stance on ASML Holding (NASDAQ:ASML), with 55% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $470.0 to $920.0 for ASML Holding over the last 3 months. The price of ASML is currently up 1.97% at $765.55, and the next earnings are expected to be released in 5 days.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:03 pm

ACI

CALM

DIT

IMKTA

PRDO

Benzinga Insights has identified five value stocks in the consumer defensive sector, including Albertsons Companies (ACI), Amcon Distributing (DIT), Perdoceo Education (PRDO), Cal-Maine Foods (CALM), and Ingles Markets (IMKTA). The selection is based on a quantified analysis, with a focus on the price-to-earnings (P/E) multiple. The report also includes recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:58 pm

WIT

Wipro Limited reported its Q1 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 2:56 pm