Streetbeat News

Equity Actions

COP

ConocoPhillips plans a $9 billion return of capital to shareholders in 2024, including an ordinary dividend of $0.58 per share and a Variable Return of Cash (VROC) of $0.20 per share, payable on March 1, 2024, to stockholders of record as of February 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:08 pm

IPG

Interpublic Group of Companies (IPG) board has approved a 6% dividend increase to $0.33 per share per quarter and an additional share repurchase authorization of $320 million.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:08 pm

AUTL

Autolus Therapeutics has priced an underwritten offering in the U.S. of 58,333,336 ADSs at $6.00 each, aiming for total gross proceeds of $350M.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:05 pm

HOG

Harley-Davidson projects a mixed financial outlook for FY24, with HDMC revenue expected to be flat or decrease by up to 9%, and operating income margin ranging from 12.6% to 13.6%. HDFS could see operating income increase by up to 5%. LiveWire anticipates selling 1,000 to 1,500 electric motorcycles but expects an operating loss of $115 to $125 million. The company plans to invest $225 to $250 million in capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:00 pm

WMS

Advanced Drainage Systems (WMS) has updated its FY24 financial outlook, projecting net sales between $2.8B-$2.85B, up from the prior estimate of $2.70B-$2.80B, and adjusted EBITDA between $880M-$910M, an increase from the previous range of $800M-$850M. The company also anticipates capital expenditures of approximately $200 million.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:51 am

DT

Dynatrace (DT) has raised its FY24 revenue and adjusted EPS outlook, now expecting revenue between $1.485B-$1.495B, up from the prior $1.48B-$1.49B, and adjusted EPS between $1.16-$1.18, up from $1.09-$1.12. These figures surpass the analyst estimates of $1.417B in revenue and $1.11 in adjusted EPS. The company also reported improvements in total ARR, total revenue, subscription revenue, non-GAAP income from operations, and free cash flow.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:36 am

DT

Dynatrace (DT) provided its Q4 fiscal 2024 outlook, projecting revenues between $372M and $377M, surpassing the $373.46M estimate. Adjusted EPS is expected to be between $0.26 and $0.28, higher than the $0.25 estimate. The company anticipates 18%-20% growth in total revenue and 20%-22% growth in subscription revenue, both on a reported basis. Non-GAAP income from operations is forecasted to be between $85M and $90M, with a non-GAAP operating margin of 23%-24%.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:34 am

UL

Unilever PLC (NYSE:UL) shares rose after reporting a 7.0% underlying sales growth in FY23, driven by a 6.8% price increase and a 0.2% rise in volume. Despite a 0.8% Y/Y turnover decrease to €59.6 billion, the company saw growth across most segments, with a notable increase in gross margin and underlying operating profit. Unilever also announced a new €1.5 billion share buyback program for FY24 and expects FY24 sales growth of 3% to 5% with a modest improvement in underlying operating margin.

Portfolio Pulse from Lekha Gupta

February 08, 2024 | 11:28 am

DUK

Duke Energy has introduced its 2024 adjusted EPS guidance ranging from $5.85 to $6.10, compared to the estimated $5.98. Additionally, the company reaffirmed its long-term adjusted EPS growth rate of 5%-7% through 2028, based on the 2024 midpoint of $5.98. The company's management has not provided forecasts for reported GAAP EPS and related long-term growth rates.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:12 am

UL

Unilever's stock is trading higher following the announcement of its full-year FY24 results and the initiation of a new share buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:15 am