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SHW

Sherwin-Williams has provided its FY23 adjusted EPS outlook, projecting a range of $9.30-$9.70, which is higher than the previous estimate of $8.79.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 11:04 am

KMB

Kimberly-Clark has increased its FY23 organic sales growth guidance from 2-4% to 3-5%. The company has also raised its operating margin guidance from up 130 basis points to up 150 basis points.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 11:04 am

VZ

Verizon has projected its FY23 adjusted EPS to be between $4.55 and $4.85, compared to the estimated $4.68. The company also expects its total wireless services revenue growth to be between 2.5% and 4.5%.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 11:03 am

VZ

Verizon reported Q2 postpaid phone net additions of 8,000 and retail postpaid net additions of 612,000. Total wireless postpaid phone gross additions increased by 2.0% year over year, primarily driven by a 6.9% year over year growth in Consumer postpaid phone gross additions.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 11:02 am

ADM

Archer-Daniels Midland (NYSE:ADM) reported Q2 earnings of $1.89 per share, beating the analyst consensus estimate of $1.60 by 18.12%. However, this is a 12.09% decrease from last year's earnings. The company's quarterly sales of $25.19 billion missed the analyst consensus estimate of $25.90 billion by 2.74%, marking a 7.67% decrease from last year.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 11:00 am

RTX

Raytheon Technologies (RTX) has raised its FY23 outlook, citing accelerating demand in global commercial aerospace and strong defense spending. The company now expects sales of $73-74 billion, up from the previous estimate of $72-73 billion, and adjusted EPS of $4.95-$5.05, slightly up from the previous $4.90-$5.05. However, free cash flow is expected to decrease to $4.3 billion from $4.8 billion due to an issue requiring Pratt & Whitney to remove certain engines from service for inspection earlier than expected.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:58 am

PII

Polaris Inc reported Q2 FY23 sales growth of 7% YoY to $2.22 billion, beating the analyst consensus of $2.14 billion. The increase was driven by favorable ship volumes, product mix, and net pricing. Adjusted EPS of $2.42 beat the analyst consensus of $2.21. The company raised its FY23 sales outlook to +3% - +6% and revised adjusted EPS guidance to -2% - +3%.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 10:52 am

BOH

Keefe, Bruyette & Woods analyst Kelly Motta has downgraded Bank of Hawaii (NYSE:BOH) from Market Perform to Underperform and set a price target of $47.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 10:48 am

TSCO

B of A Securities analyst Elizabeth Suzuki has downgraded Tractor Supply (NASDAQ:TSCO) from Buy to Neutral and lowered the price target from $270 to $226.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 10:46 am

GE

General Electric's Q2 sales have surpassed estimates, reporting $16.70B against the expected $15.00B. The adjusted revenue stands at $15.90B.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 10:42 am