Streetbeat News

Earnings

RILY

RJF

Raymond James Finl (NYSE:RJF) has announced a dividend payout of $0.42 per share, resulting in an annualized dividend yield of 1.86%. The company has shown a steady increase in its dividend per share and earnings per share from 2019 to 2022, indicating a healthy financial status. B. Riley Financial (NASDAQ:RILY) has the highest annualized dividend yield at 8.06% among its industry peers.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:05 pm

GNL

GOOD

Global Net Lease (NYSE:GNL) is set to deliver a dividend payout of $0.40 per share, equating to an annualized dividend yield of 15.56%. However, the company has seen a decline in its dividend per share and earnings per share from 2020 to 2022, which could indicate a challenging financial situation. Global Net Lease has the highest dividend yield among its industry peers, outperforming Gladstone Commercial (NASDAQ:GOOD), which has an annualized dividend yield of 9.00%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:05 pm

BABA

BEKE

PDD

Chinese stocks are trading lower following China's Q2 GDP missing consensus estimates. Stocks mentioned include BABA, BEKE, JD, and PDD.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:02 pm

UCBI

United Community Banks (NASDAQ:UCBI) is set to release its quarterly earnings report on Tuesday, 2023-07-18. Analysts estimate an earnings per share (EPS) of $0.62. The company's past performance shows a pattern of EPS misses followed by slight increases in share price. The stock is currently trading at $26.81, down 15.47% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:01 pm

HWC

Hancock Whitney (NASDAQ:HWC) is set to release its quarterly earnings report on July 18, 2023. Analysts estimate an EPS of $1.34. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. However, the stock has been down 7.87% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:01 pm

MBWM

Mercantile Bank (NASDAQ:MBWM) is set to release its quarterly earnings report on Tuesday, 2023-07-18. Analysts estimate an earnings per share (EPS) of $1.10. The bank's past performance shows it beat EPS estimates last quarter, which led to a 0.28% increase in share price. However, the bank's shares have been down 12.42% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:00 pm

FYBR

JFIN

LIZI

The article lists five value stocks in the communication services sector, including Verizon Communications, Frontier Communications, KT, Jiayin Gr, and Lizhi. The companies' P/E ratios are provided, and recent changes in their earnings per share are discussed. Verizon and KT saw an increase in earnings per share, while Frontier Communications and Jiayin Gr saw a decrease. Lizhi's earnings per share also increased.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 2:45 pm

JPM

JPMorgan Chase & Co's shares are trading higher following two revised analyst ratings after the bank issued earnings that beat expectations. The bank reported earnings of $4.37 per share, ahead of the $3.99 estimates, on revenues of $42.2 billion. Analysts from Oppenheimer and BMO have maintained an outperform rating but raised the price target from $212 to $227 and $160 to $170 respectively.

Portfolio Pulse from AJ Fabino

July 17, 2023 | 2:32 pm

AAL

ABOS

AMAT

BABA

BLK

MLTX

MSFT

RKLB

SPCE

UAL

Several companies have made significant announcements. Advanced Micro-Fabrication Equipment Inc and Naura Technology Group Co expect a doubling in profits due to the U.S. tech embargo. BlackRock Inc plans to expand its Voting Choice program to its largest ETF. Alibaba Group Holding Limited's stock is trading lower as China's Q2 GDP missed estimates. Ford Motor Co announced price cuts for its F-150 Lightning truck. Virgin Galactic Holdings Inc announced the crew of its seventh spaceflight. Rocket Lab USA Inc is preparing to launch a mix of satellites for NASA and commercial satellite constellation operators. Acumen Pharmaceuticals Inc's experimental Alzheimer's drug passed early safety tests. Sony Group Corp and Microsoft Corporation have reportedly reached a 10-year agreement to keep 'Call of Duty' games on PlayStation consoles. Proximus SA is acquiring a 58% stake in Route Mobile. Entain PLC plans to acquire Angstrom Sports. Hennes & Mauritz AB is launching its stores in Brazil. American Airlines Group Inc and JetBlue Airways Corp have initiated the process of dissolving the Northeast Alliance. United Airlines Holdings Inc and its pilots have reached a labor agreement with a substantial pay raise. MoonLake Immunotherapeutics is reportedly looking for a potential sale. Toshiba Corp plans to establish a supply chain for offshore wind power equipment in Japan with General Electric Company.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 2:13 pm

TSLA

Tesla shares are trading higher following positive analyst coverage and the announcement of the first Cybertruck production. Wells Fargo and Wedbush analysts maintained positive ratings for Tesla and raised their price targets. The company is expected to start Cybertruck deliveries in Q3. Tesla is also set to report Q2 financial results, with expected earnings of 81 cents per share on quarterly revenue of $24.53 billion.

Portfolio Pulse from Adam Eckert

July 17, 2023 | 2:13 pm