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GLT

Glatfelter CorporationCHARLOTTE, N.C., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Glatfelter Corporation (“Glatfelter” or the “Company”) (NYSE: GLT), a leading global supplier of engineered materials, has entered into an agreement with Ekman & Co. to market Glatfelter’s high quality, specialty Abaca pulp exclusively through Ekman’s global sales agency platform.Glatfelter has increased its market capacity of Abaca pulp and is partnering with Ekman’s global sales organization to reach new and innovative markets for this fiber.Abaca is a unique, durable, strong fiber with a variety of applications, including filtration (tea, coffee), currency paper, textile, rope & twine, and several other applications where strength, porosity, and natural fibers are required.“We are excited about this new relationship with Ekman,” said Thomas Fahnemann, President & CEO of Glatfelter. “As we continue to grow our position as a producer of Abaca for the market, we have a natural fit with Ekman, whose logistical platform and expertise in specialty pulp will help us both win in this growing market.”“Glatfelter is going to be a great global partner,” said Lewis Fix, VP of Pulp at Ekman. “They have high quality production, technical expertise, and a passion for creating fibers sustainably that people use every day. Aligning that supply with Ekman’s market access will create value for us and, most importantly, our customers.”Caution Concerning Forward-Looking Statements Any statements included in this press release that pertain to future financial and business matters are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company uses words such as “anticipates”, “believes”, “expects”, “future”, “intends”, “plans”, “targets”, and similar expressions to identify forward-looking statements. Any such statements are based on the Company’s current expectations and are subject to numerous risks, uncertainties and other unpredictable or uncontrollable factors that could cause future results to differ materially from those expressed in the forward-looking statements. In light of these risks, uncertainties and other factors, the forward-looking matters discussed in this press release may not occur and readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date of this press release and the Company undertakes no obligation, and does not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. More information about these factors is contained in the Company’s filings with the SEC, which are available at the SEC’s website at www.sec.gov.Story continuesAbout GlatfelterGlatfelter is a leading global supplier of engineered materials with a strong focus on innovation and sustainability. The Company’s high-quality, technology-driven, innovative, and customizable nonwovens solutions can be found in products that are Enhancing Everyday Life®. These include personal care and hygiene products, food and beverage filtration, critical cleaning products, medical and personal protection, packaging products, as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s 2022 revenue was $1.5 billion with approximately 3,250 employees worldwide. Glatfelter’s operations utilize a variety of manufacturing technologies including airlaid, wetlaid and spunlace with fifteen manufacturing sites located in the United States, Canada, Germany, France, Spain, the United Kingdom, and the Philippines. The Company has sales offices in all major geographies serving customers under the Glatfelter and Sontara® brands. Additional information about the Company may be found at www.glatfelter.com.About EkmanEkman is a global sales and marketing organization strategically aligning buyers and sellers of forest products around the world. Ekman makes international trade easy and profitable for partners in more than 100 countries.With global presence and local excellence, Ekman adds value throughout the business process by offering competitive purchasing, strong financial solutions, and efficient logistics. Ekman has more than 300 employees in 40 offices worldwide and handles nearly 4 million tons of forest products every year.Contacts:  Investors:Media: Ramesh ShettigarEileen L. Beck (717) 225-2746(717) 225-2793 

GlobeNewswire

Glatfelter & Ekman Initiate Partnership To Sell Abaca Pulp Globally

https://finance.yahoo.com/news/glatfelter-ekman-initiate-partnership-sell-115900873.html

df3c6e86-a7bf-3b87-9a9e-7c637ce8e734

GLW

A month has gone by since the last earnings report for Corning (GLW). Shares have lost about 6.4% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Corning due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.Corning Q2 Earnings Match Estimates, Revenues BeatCorning Incorporated reported healthy second-quarter 2023 results, with the top line beating the Zacks Consensus Estimate and the bottom line matching the same.  The New York-based advanced glass substrates producer reported lower revenues year over year, owing to sluggish demand trends in several end markets and inventory adjustments. However, positive momentum in Display Technologies and Environmental Technologies vertical, combined with management’s various initiatives to boost profitability, partially reversed the negative trend.Net IncomeNet income on a GAAP basis was $281 million or 33 cents per share compared with $563 million or 66 cents per share in the prior-year quarter. The decline was primarily attributable to year-over-year revenue contraction.Core net income was reported at $388 million or 45 cents per share, down from $489 million or 57 cents per share in the year-ago quarter. The bottom line matched the Zacks Consensus Estimate.RevenuesQuarterly revenues on a GAAP basis declined to $3,243 million from $3,615 million reported in the year-ago quarter. The top line was negatively affected by declining trends in the Optical Communications, Specialty Matters and Life Science segments. Core sales stood at $3,482 million, down 7% year over year from $3,762 million. The top line surpassed the consensus estimate of $3,468 million.Segment ResultsRevenues from Optical Communications were $1,066 million, down 19% from the prior-year quarter’s level of $1,313 million. The top line fell short of our revenue estimate of $1,205.6 million. The segment's net income declined to $140 million from $182 million reported in the year-ago quarter. Weak demand for passive optical network products impacted the vertical. However, productivity enhancement partially cushioned the net sales.Display Technologies contributed $928 million in revenues, up 6% year over year. Net sales surpassed our revenue estimate of $791.5 million. Net income from the segment was $208 million compared with the prior-year quarter’s figure of $228 million. Greater volume from increased panel maker utilization drove the net sales from this vertical.Net sales from Specialty Materials were $423 million, down 13% year over year. The top line marginally surpassed our estimate of $420 million. Despite higher Gorilla Glass sales, the persistence of low demand in end markets hindered revenue growth. Expenses associated with new product launches affected the net income from this vertical. Net income was $33 million, down from $91 million reported in the prior-year quarter.Revenues from Environmental Technologies reported 28% year-over-year growth to $457 million. The segment’s gain was driven by healthy demand for gasoline particulate filters in China and improved productivity. Net income was $107 million, up from $62 million in the year-earlier quarter.Life Sciences segment revenues declined to $231 million from the year-earlier quarter’s tally of $312 million. Segment net income was $11 million compared with $37 million in the year-ago quarter. The segment’s revenues were affected by decreasing demand for COVID-related products in China, combined with inventory adjustments.Hemlock and Emerging Growth Businesses reported a 10% decline in net sales year over year to $377 million. Net income from the segment was $26 million compared with $25 million in the year-ago quarter.Story continuesOther DetailsGross profit declined to $1,013 million from $1,246 million, owing to lower revenues. Operating income totaled $279 million, down from $490 million in the year-ago quarter. Core gross margin and operating margin declined to 36.2% and 17.5%, respectively, from 37.5% and 18.8% reported in the prior year quarter.Cash Flow & LiquidityDuring the second quarter of 2023, Corning generated $619 million of net cash from operating activities compared with $758 million in the prior-year period. The company registered a free cash flow of $310 million compared with the prior year’s figure of $440 million. As of Jun 30, 2023, Corning had $1,538 million in cash in cash and cash equivalents with $7,437 million of long-term debt.How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.The consensus estimate has shifted -8.21% due to these changes.VGM ScoresCurrently, Corning has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Corning has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCorning Incorporated (GLW) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Corning (GLW) Down 6.4% Since Last Earnings Report: Can It Rebound?

https://finance.yahoo.com/news/corning-glw-down-6-4-153043263.html

e6c9e12b-c78b-3c7f-af2f-03bdbd3e1dba

GLW

Corning Incorporated's (NYSE:GLW) dividend will be increasing from last year's payment of the same period to $0.28 on 28th of September. This takes the dividend yield to 3.5%, which shareholders will be pleased with. See our latest analysis for Corning Corning's Dividend Is Well Covered By EarningsWhile it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Before making this announcement, the company's dividend was much higher than its earnings. It will be difficult to sustain this level of payout so we wouldn't be confident about this continuing.Analysts expect a massive rise in earnings per share in the next year. If recent patterns in the dividend continue, we could see the payout ratio reaching 47% which is fairly sustainable.historic-dividendCorning Has A Solid Track RecordThe company has a sustained record of paying dividends with very little fluctuation. The dividend has gone from an annual total of $0.36 in 2013 to the most recent total annual payment of $1.12. This implies that the company grew its distributions at a yearly rate of about 12% over that duration. Rapidly growing dividends for a long time is a very valuable feature for an income stock.Dividend Growth Could Be ConstrainedInvestors could be attracted to the stock based on the quality of its payment history. Corning has impressed us by growing EPS at 19% per year over the past five years. While EPS is growing at a decent rate, but future growth could be limited by the amount of earnings being paid out to shareholders.Corning's Dividend Doesn't Look SustainableIn summary, while it's always good to see the dividend being raised, we don't think Corning's payments are rock solid. We can't deny that the payments have been very stable, but we are a little bit worried about the very high payout ratio. We would be a touch cautious of relying on this stock primarily for the dividend income.Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Case in point: We've spotted 5 warning signs for Corning (of which 1 is potentially serious!) you should know about. Is Corning not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Corning (NYSE:GLW) Has Announced That It Will Be Increasing Its Dividend To $0.28

https://finance.yahoo.com/news/corning-nyse-glw-announced-increasing-100443524.html

6e846502-e65c-3d95-ab49-4ca5aeb6642f

GLYC

ROCKVILLE, Md., September 05, 2023--(BUSINESS WIRE)--GlycoMimetics, Inc. (Nasdaq: GLYC) today announced that Harout Semerjian, Chief Executive Officer, will present at the H.C. Wainwright 25th Annual Global Investment Conference in New York, NY on Wednesday, September 13, 2023 at 11:30 a.m. ET.A live webcast of the presentation will be available on the GlycoMimetics website at https://ir.glycomimetics.com/investor-relations. An archived recording will be available for 30 days following the event.About GlycoMimetics, Inc.GlycoMimetics is a late clinical-stage biotechnology company discovering and developing glycobiology-based therapies for cancers, including AML, and for inflammatory diseases. The company’s science is based on an understanding of the role that carbohydrates play in cell recognition. Its specialized chemistry platform is being deployed to discover small molecule drugs--known as glycomimetics--that alter carbohydrate-mediated recognition in diverse disease states, including cancers and inflammation. As a leader in this science, GlycoMimetics leverages this unique approach to advance its pipeline of wholly-owned drug candidates, with the goal of developing transformative therapies for diseases with high unmet medical need. GlycoMimetics is headquartered in Rockville, MD in the BioHealth Capital Region. Learn more at www.glycomimetics.com.Forward-Looking StatementsThis press release contains forward-looking statements. These forward-looking statements may include, but are not limited to, statements regarding the conduct of and data from clinical trials, planned or potential clinical development, regulatory interactions and submissions, the commercialization and potential benefits and impact of the Company’s drug candidates, and the Company’s expected cash runway. Actual results may differ materially from those described in these forward-looking statements. For a further description of the risks associated with these statements, as well as other risks facing GlycoMimetics, please see the risk factors described in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on March 3, 2022, its Quarterly Report on Form 10-Q filed with the SEC on November 9, 2022, and other filings GlycoMimetics makes with the SEC from time to time. Forward-looking statements speak only as of the date of this release, and GlycoMimetics undertakes no obligation to update or revise these statements, except as may be required by law.Story continuesView source version on businesswire.com: https://www.businesswire.com/news/home/20230905756277/en/ContactsInvestors: Argot PartnersLeo [email protected]

Business Wire

GlycoMimetics to Participate in Upcoming H.C. Wainwright 25th Annual Global Investment Conference

https://finance.yahoo.com/news/glycomimetics-participate-upcoming-h-c-110000923.html

7baa1b7f-5315-359c-8e89-d1897523d79b

GLYC

GMI-1687, a highly potent E-selectin antagonist, is being developed as a potential point-of-care treatment for inflammatory diseases with initial focus on sickle cell disease (SCD)Single ascending dose study is expected to randomize approximately 40 healthy volunteers on GMI-1687 vs placebo with endpoints for safety, tolerability, and pharmacokineticsInitial results expected by end Q1 2024ROCKVILLE, Md., September 06, 2023--(BUSINESS WIRE)--GlycoMimetics, Inc. (Nasdaq: GLYC), a late clinical-stage biotechnology company discovering and developing glycobiology-based therapies for cancers and inflammatory diseases, today announced dosing of the first cohort of healthy volunteers in a Phase 1a study of GMI-1687 to evaluate safety, tolerability, and pharmacokinetics."We are excited to progress our pipeline and advance GMI-1687, a highly potent, second-generation E-selectin antagonist, into clinical development, "said Harout Semerjian, Chief Executive Officer of GlycoMimetics. "GMI-1687 demonstrates our leadership in advancing the clinical application of E-selectin antagonism for inflammatory diseases, applying valuable insights learned from the sickle cell disease patient community to potentially create a point-of-care treatment option for vaso-occlusive crisis."This Phase 1a study is a double-blind, single-center, randomized, placebo-controlled, sequential, single ascending dose trial in healthy adult volunteers. It is expected to enroll approximately 40 subjects. Eligible subjects will receive a single dose of GMI-1687 or placebo (6:2 ratio) via subcutaneous injection. Safety, tolerability, and pharmacokinetics of up to five dose levels (3.3, 10, 20, 40, and 80 mg) will be evaluated.About SCDSCD is the most common inherited blood disorder in the United States, impacting approximately 100,000 people. Worldwide, approximately 100 million people carry the SCD trait and an estimated five million people live with the disease. While the majority are of African descent, the disease can affect all ethnic groups, especially those from areas where malaria is or was endemic, such as the Middle East, India and the Southern Mediterranean. Acute pain crises, or vaso-occlusive crises (VOCs), are the most common clinical manifestation of SCD. A VOC occurs when sickled red blood cells irritate the lining of blood vessels and cause an inflammatory response leading to vascular occlusion, tissue ischemia and pain.Story continuesAbout GMI-1687Discovered and developed by GlycoMimetics, GMI-1687 is a highly potent E-selectin antagonist that has been shown in animal models to be bioavailable after subcutaneous administration. This second-generation compound has potential application in inflammatory diseases, and the initial development focus will be on SCD. E-selectin is believed to play a major role in VOCs, the vascular clots and blockages that cause pain crises in people living with SCD. Administration of GMI-1687 by subcutaneous injection, if successfully developed in the clinic, may enable this study drug to be approved as a point-of-care treatment option at the onset of a VOC.About GlycoMimetics, Inc.GlycoMimetics is a late clinical-stage biotechnology company discovering and developing glycobiology-based therapies for cancers, including AML, and for inflammatory diseases. The company’s science is based on an understanding of the role that carbohydrates play in cell recognition. Its specialized chemistry platform is being deployed to discover small molecule drugs--known as glycomimetics--that alter carbohydrate-mediated recognition in diverse disease states, including cancers and inflammation. As a leader in this science, GlycoMimetics leverages this unique approach to advance its pipeline of wholly-owned drug candidates with the goal of developing transformative therapies for diseases with high unmet medical need. GlycoMimetics is headquartered in Rockville, MD in the BioHealth Capital Region. Learn more at www.glycomimetics.com.Forward-Looking StatementsThis press release contains forward-looking statements. These forward-looking statements may include, but are not limited to, statements regarding the conduct of and data from clinical trials, planned or potential clinical development, and the potential benefits and impact of the company’s drug candidate, GMI-1687. Actual results may differ materially from those described in these forward-looking statements. For a further description of the risks associated with these statements, as well as other risks facing GlycoMimetics, please see the risk factors described in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on March 29, 2023, and other filings GlycoMimetics makes with the SEC from time to time. Forward-looking statements speak only as of the date of this release, and GlycoMimetics undertakes no obligation to update or revise these statements, except as may be required by law.View source version on businesswire.com: https://www.businesswire.com/news/home/20230906777561/en/ContactsInvestors: Argot PartnersLeo [email protected] Relations: Geoff Cook973-652-7929

Business Wire

GlycoMimetics Announces First Cohort Dosed in Human Phase 1a Study of GMI-1687

https://finance.yahoo.com/news/glycomimetics-announces-first-cohort-dosed-110000789.html

28b5e81e-e41c-379a-ac93-bf120e88c9b9

GM

GM, Ford and Stellantis want to use profits for their EV transition. Workers want a more than 40% pay increase.Continue reading

The Wall Street Journal

The Tension Driving the UAW Strike Threat

https://finance.yahoo.com/m/211aa99f-d56d-37a1-b212-da65f3b780e1/the-tension-driving-the-uaw.html

211aa99f-d56d-37a1-b212-da65f3b780e1

GM

Key inflation data, new iPhones, and a looming deadline for contentious labor negotiations await investors in the week ahead, the first full trading week of September.The economic highlight comes on Wednesday morning, when the Consumer Price Index (CPI) for August will be released. The report is set to show headline inflation continues to reverse its downtrend as oil prices rise.On the corporate side, Apple (AAPL) is scheduled to host its marquee fall event on Tuesday, with new iPhones, Apple Watches, and a new charging port for most devices expected to be announced.A September 14 deadline also looms in a contract dispute between the United Auto Workers and automakers Ford (F), General Motors (GM), and Stellantis (STLA), with workers threatening a strike when their current deal expires on Thursday.Last week, markets continued choppy trading that began back in August as concerns over sticky price inflation from an August report on the services sector sent stocks lower on Wednesday, while a decline in tech stocks over fears regarding China's economy weighed on equity markets.The tech-heavy Nasdaq (^IXIC) led the losses, falling near 2% during the holiday-shortened trading week. The benchmark S&P 500 (^GSPC) dropped 1.1% while the Dow Jones Industrial Average (^DJI) fell 0.4%Inflation will be in focus this week with Wall Street expecting another uptick in headline inflation.Economists forecast headline inflation rose 3.6% over the prior year in August, an increase from the 3.2% rise seen in July. Prices are set to rise 0.6% on a monthly basis. An increase in energy prices is expected to drive much of the increase.On a "core" basis, which strips out the volatile food and energy categories, CPI is forecast to rise 4.3% over last year in August, a slowdown from the 4.7% increase seen in July. Monthly core price increases are expected to clock in at 0.2%.This content is not available due to your privacy preferences.Update your settings here to see it.The Federal Reserve's closer focus on core inflation has economists and investors confident the central bank won't raise rates in September. As of Friday, markets had priced in a 92% chance the Fed holds interest rates steady at the conclusion of its September 19-20 meeting, according to data from the CME Group.Story continues"We do not expect that [CPI data] will tip the scales towards a hike, given the mixed message delivered by the other employment reports and last month's inflation data," Jefferies economist Thomas Simons wrote on Friday.Also out this week will be the August retail sales report, which will provide a look at how resilient US consumers remain after a strong summer. Economists expect retail sales increased 0.1% in August, a noted decrease from the 0.7% jump seen in July.Data on producer prices, a read on small business optimism, and the weekly report on initial filings for unemployment insurance will also feature on the economic calendar.iPhone debutApple's update of its signature product on Tuesday is expected to be a market moving event, and comes at a critical juncture for America's biggest public company.Apple stock slipped more than 6% in a two-day period last week after Chinese officials told employees at central government agencies to not use iPhones at work. A new high-end phone release from China's Huawei also added pressure on Apple.Some analysts, though, said the selloff was "overblown."But this trading hangs in the background of Apple's event, dubbed "Wonderlust," which is expected to see its iPhone lineup refreshed, new Apple Watches revealed, and the introduction of USB-C charging ports across its device lineup, sunsetting the lightning charger currently powering most iPhones."Historically, the iPhone launch has been a sell-the-news event," Morgan Stanley analyst Erik Woodring wrote in a preview of the event."While we don't expect the day-of stock reaction to the September 12th Wonderlust event to be any different this year, we continue to believe that FY24 iPhone expectations are too low and that the iPhone 15 cycle is not as 'iterative' as anticipated, with the potential for both unit and [average selling price] growth."Customers experience Apple products at an Apple store in Chengdu, Southwest China's Sichuan province, Sept 8, 2023. (Photo by Costfoto/NurPhoto via Getty Images)Weekly calendarMonday Economic data: No notable economic news. Earnings: Bowlero (BOWL), Casey's (CASY), Oracle (ORCL)TuesdayEconomic data: NFIB Small Business Optimism, August (91.3 expected, 91.9 prior)Earnings: No notable companies set to report. WednesdayEconomic data: Consumer Price Index, month-over-month, August (+0.6% expected, +0.2% previously); Core CPI, month-over-month, August (+0.2% expected, +0.2% previously); CPI, year-over-year, August (+3.6% expected, +3.2% previously); Core CPI, year-over-year, August (+4.3% expected, +4.7% previously); Real average hourly earnings, year-over-year, August (+1.1% previously)Earnings: Cracker Barrel (CBRL)Thursday Economic data: Initial jobless claims (216,000 previously); Retail sales, month-over-month, August (+0.1% expected, +0.7% previously); Retail sales ex auto and gas, August (0.0% expected, +1% previously); Producer Price Index, month-over-month, August (+0.4% expected, +0.3% previously); PPI, year-over-year, August (+1.5% expected; +0.8% previously); Core PPI, month-over-month, August (+0.2% expected, +0.3% previously); Core PPI, year-over-year, August (+2.6% expected; +2.8% previously)Earnings: Adobe (ADBE), Lennar (LEN)Friday Economic data: Import prices, month-over-month, August (+0.3% expected, +0.4% previously); Export prices, month-over-month, August (+0.3% expected, +0.7% previously); Empire Manufacturing, September (-10.7 expected, -19 previously); Industrial production, month-over-month, August (+0.1% expected, +0.5 prior); University of Michigan consumer sentiment, September, preliminary (69.4 expected, 69.5 previously)Earnings: No notable companies set to report.Josh Schafer is a reporter for Yahoo Finance.Click here for the latest stock market news and in-depth analysis, including events that move stocksRead the latest financial and business news from Yahoo Finance

Yahoo Finance

Inflation, iPhones, and looming auto strikes: What to know this week

https://finance.yahoo.com/news/inflation-iphones-and-looming-auto-strikes-what-to-know-this-week-140049476.html

d5946258-9392-4d98-92a7-5d6df965579f

GME

By Jenna Zucker and Nivedita BaluTORONTO, Sept 8 (Reuters) - Craig Gillespie's "Dumb Money" - a pandemic-era story of the battle between hedge fund billionaires and amateur investors - is relevant and timely, the director said at the Toronto International Film Festival on Friday.Dumb Money captures the behind-the-scenes of one of the biggest Wall Street stories of COVID that hooked retail investors and created a mutiny by grabbing the attention of professional investors on social media.It chronicles the battle between institutional and retail investors when Reddit-inspired small traders rose up against Wall Street by buying shares of GameStop en masse, creating large losses for short sellers.With the tagline "Dear Wall Street ...," the movie is "very front and center" and is timely in discussing the topic of wealth disparity in America, Gillespie said."It's a commentary on what's happening in our society, the wealth disparity that's happening, and that's what fueled a lot of what was happening with GameStop," Gillespie said."Let the one-percenters hear the frustration that's going on," he said on the red carpet.The movie stars Paul Dano, Pete Davidson, America Ferrera, Vincent D'Onofrio, Nick Offerman, Shailene Woodley and Seth Rogen, playing amateur investors and Wall Street figures such as Citadel's Kenneth Griffin and hedge fund manager Steven Cohen.The stars, however, were not on the red carpet as Hollywood actors and writers are on strike over pay and the use of artificial intelligence. The red carpets at the festival were adorned by fewer stars this year, and therefore smaller crowds.The movie is produced by Gillespie, Aaron Ryder and Teddy Schwarzman, the son of private equity firm Blackstone Group co-founder and CEO Stephen Schwarzman.Teddy Schwarzman declined to comment on how his familial ties to Wall Street affected the production of "Dumb Money." (Reporting by Jenna Zucker and Nivedita Balu; Editing by Sandra Maler)

Reuters

GameStop short squeeze-inspired 'Dumb Money' is relevant and timely, director says

https://finance.yahoo.com/news/gamestop-short-squeeze-inspired-dumb-225002837.html

b6ae9f4c-709c-366b-8024-bf22d46302ba

GME

The SEC reportedly is investigating GameStop Chairman Ryan Cohen over his abrupt August 2022 sale of Bed Bath & Beyond shares. GME stock fell.Continue reading

Investor's Business Daily

SEC Probes GameStop Chairman Ryan Cohen's Bed Bath & Beyond Stock Sales

https://finance.yahoo.com/m/5f65f046-b852-3f62-b4f8-5f697fef5ccd/sec-probes-gamestop-chairman.html

5f65f046-b852-3f62-b4f8-5f697fef5ccd

GMRE

In this article, we discuss high-dividend stocks to buy under $10. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 5 High-Dividend Stocks to Buy Under $10.Dividend stocks offer advantages beyond just income generation, benefiting both regular investors and those seeking a steady stream of earnings. Dividend equities are added to portfolios for a maximum hedge against inflation due to their consistent cash flow and value growth. Moreover, dividend stocks outperformed non-dividend stocks historically, as shown by S&P 500 data between 1973 and 2022, where dividend stocks provided double the returns of non-payers.Dividends also offer flexibility as investors can choose to receive them as cash or reinvest them. When reinvesting dividends, the power of compounding boosts profits significantly. Over the last century, dividends have made up roughly 41% of the S&P 500's overall gains. While the numbers may appear appealing, making profits from dividend stocks can be a bit challenging. It's wiser to choose quality companies with a strong history of increasing dividends rather than focusing solely on high yields. Dividend yield refers to the ratio that shows how much a company pays out in dividends annually in relation to its stock price. High dividend yields can sometimes be a red flag for investors because they might indicate potential issues with a company such as unsustainable dividends, market perception, and limited growth potential.  It could also suggest that the company is paying out a large portion of its earnings as dividends, leaving less for reinvestment in growth or other financial needs.Also read: Dividend Growth Stocks: 25 AristocratsThat said, not all high-yield dividend stocks are the same. In certain industries like utilities and real estate, higher yields are normal and healthy due to their business models. Investors need to consider a company's business approach and the sustainability of its dividends when making investment decisions. Some companies with higher-than-average yields, such as Altria Group, Inc. (NYSE:MO), Verizon Communications Inc. (NYSE:VZ), and Telephone and Data Systems, Inc. (NYSE:TDS), have strong histories of paying dividends and solid financial standings. Overall, analysts advise stocks with dividend yields between 3% to 6% because they offer a decent income for investors.Story continues12 High-Dividend Stocks to Buy Under $10Our Methodology:For this list, we first used the Finviz stock screener and looked for dividend stocks under $10 and with dividend yields above 6%, as of August 5. The dividend yields of these stocks go as high as 18%. From the resultant list, we selected companies that have stable dividend histories taking into account their high yields and these companies have avoided multiple dividend cuts and suspensions over the years. Moreover, their cash position suggests they will likely continue paying dividends regularly in the future. The stocks are ranked in ascending order of their dividend yields, as recorded on August 5.12. Genesis Energy, L.P. (NYSE:GEL)Dividend Yield as of August 5: 6.25% Share Price as of August 5: $8.28Genesis Energy, L.P. (NYSE:GEL) is a New Zealand-based diversified midstream energy company that is involved in various aspects of the energy industry. The company reported strong results in its recent quarterly earnings, with revenue jumping by 11.5% on a year-over-year basis at $804.6 million. Its operating cash flow for the quarter also grew to $157.7 million, from $104 million in the prior year quarter.Genesis Energy, L.P. (NYSE:GEL) hasn't raised its dividends since the pandemic of 2020 but paid regular dividends during this period. It currently pays a quarterly dividend of $0.15 per share and has a dividend yield of 6.25%, as recorded on August 5. During Q2 2023, the company returned $23.3 million to shareholders in dividends, which makes it one of the best dividend stocks on our list. It can be added to dividend portfolios alongside Altria Group, Inc. (NYSE:MO), Verizon Communications Inc. (NYSE:VZ), and Telephone and Data Systems, Inc. (NYSE:TDS).At the end of Q1 2023, 3 hedge funds in Insider Monkey's database reported having stakes in Genesis Energy, L.P. (NYSE:GEL), which remained unchanged from the previous quarter. These stakes are worth over $11.2 million collectively. Among these funds, Intrinsic Edge Capital was the company's leading stakeholder in Q1.11. Crown Crafts, Inc. (NASDAQ:CRWS)Dividend Yield as of August 5: 6.36% Share Price as of August 5: $4.98Crown Crafts, Inc. (NASDAQ:CRWS) is an American retail company that mainly specializes in home furnishings and toddler products and accessories. On July 21, the company declared a quarterly dividend of $1.565 per share, which was in line with its previous dividend. It is one of the best dividend stocks on our list as it has been growing its dividends consistently for the past eight years. The stock's dividend yield on August 5 came in at 6.36%.In the second quarter of 2023, Crown Crafts, Inc. (NASDAQ:CRWS) reported revenue of $1.87 billion, which showed an 8.1% growth from the same period last year. The company ended the quarter with over $276 million in dividends, up from $156 million six months ago. It also returned $678 million to shareholders through dividends during the quarter.As of the close of Q1 2023, 43 hedge funds in Insider Monkey's database reported having stakes in Crown Crafts, Inc. (NASDAQ:CRWS), worth over $568.7 million in total.10. Barclays PLC (NYSE:BCS)Dividend Yield as of August 5: 7% Share Price as of August 5: $7.71Barclays PLC (NYSE:BCS) is a London-based multinational universal bank that provides retail and investment banking services to its consumers. In the first half of FY23, the company's profit came in at £3.11 billion, up 26% from the same period last year. However, its total income of £9.8 billion fell by 2% on a year-over-year basis. Its cash and balances at central banks grew to £35.2 billion due to increased investments in debt securities in Treasury.Barclays PLC (NYSE:BCS), one of the best dividend stocks on our list, pays a semi-annual dividend of $0.237 per share. This dividend showed a 125.7% hike from its previous dividend. The stock has a dividend yield of 7%, as of August 5.The number of hedge funds tracked by Insider Monkey reported having stakes in Barclays PLC (NYSE:BCS) stood at 15 in Q1 2023, up from 14 in the previous quarter. These stakes have a total value of nearly $179 million.9. FAT Brands Inc. (NASDAQ:FAT)Dividend Yield as of August 5: 7.74% Share Price as of August 5: $7.34FAT Brands Inc. (NASDAQ:FAT) is a California-based restaurant company that operates and licenses a portfolio of fast-casual and casual dining restaurant brands. The company was a part of 2 hedge fund portfolios at the end of the first quarter of 2023, according to Insider Monkey's database. The stakes owned by these elite funds have a total value of over $5 million.FAT Brands Inc. (NASDAQ:FAT) reported its second-quarter earnings on August 3 and posted revenue of $106.8 million. The revenue showed a 4% growth from the same period last year. Its cost of restaurant and factory revenues grew by 19% year-over-year to $9.7 million.FAT Brands Inc. (NASDAQ:FAT) started paying dividends in 2018 and suspended its payouts temporarily in 2020 due to the pandemic. However, it resumed its payments in 2021, raising them for two consecutive years. It currently pays a quarterly dividend of $0.14 per share. With a dividend yield of 7.74% as of August 5, FAT is one of the best dividend stocks under $20.8. Hennessy Advisors, Inc. (NASDAQ:HNNA)Dividend Yield as of August 5: 7.94% Share Price as of August 5: $7.01Hennessy Advisors, Inc. (NASDAQ:HNNA) is an American capital market company that primarily focuses on managing mutual funds and other investment products. The company operates as an asset manager and offers a range of investment options for individual and institutional investors.Hennessy Advisors, Inc. (NASDAQ:HNNA) is one of the best dividend stocks on our list as it has been making regular dividend payments to shareholders since 2005. It pays a quarterly dividend of $0.1375 per share and has a dividend yield of 7.94%, as recorded on August 5.At the end of Q1 2023, Jim Simons’ Renaissance Technologies was the only stakeholder of Hennessy Advisors, Inc. (NASDAQ:HNNA), owning stakes worth over $630,000.7. The Cato Corporation (NYSE:CATO)Dividend Yield as of August 5: 8.13% Share Price as of August 5: $8.39An American fashion retailer, The Cato Corporation (NYSE:CATO) is next on our list of the best dividend stocks under $10. The company operates fashion retail stores and also offers women's apparel and accessories, targeting value-conscious shoppers.The Cato Corporation (NYSE:CATO) currently pays a quarterly dividend of $0.17 per share and has a dividend yield of 8.13%, as of August 5.According to Insider Monkey's database of Q1 2023, 13 hedge funds owned stakes in The Cato Corporation (NYSE:CATO), the same as in the previous quarter. The total value of these stakes is over $16 million. With over $2.8 million worth of stakes, Gratia Capital was the company's leading stakeholder in Q1.6. Global Medical REIT Inc. (NYSE:GMRE)Dividend Yield as of August 5: 8.49% Share Price as of August 5: $9.89Global Medical REIT Inc. (NYSE:GMRE) ranks sixth on our list of the best dividend stocks under $10. The real estate investment trust focuses on acquiring and owning healthcare-related properties in the US. Specifically, the company specializes in investing in medical office buildings (MOBs) and other healthcare facilities.In the second quarter of 2023, Global Medical REIT Inc. (NYSE:GMRE) reported revenue of $36.3 million, which showed an 8% growth from the prior-year period. At the end of the quarter, it had over $2.4 million available in cash and cash equivalents and its total assets amounted to over $1.3 billion.On June 9, Global Medical REIT Inc. (NYSE:GMRE) declared a quarterly dividend of $0.21 per share, which was consistent with its previous dividend. As of August 5, the stock has a dividend yield of 8.49%. Other high-yield dividend stocks popular among investors include Altria Group, Inc. (NYSE:MO), Verizon Communications Inc. (NYSE:VZ), and Telephone and Data Systems, Inc. (NYSE:TDS).At the end of the March quarter of 2023, 9 hedge funds in Insider Monkey's database held stakes in Global Medical REIT Inc. (NYSE:GMRE), down from 11 in the previous quarter. These stakes have a total value of over $5.2 million. Ken Griffin's Citadel Investment Group was the company's leading stakeholder in Q1. Click to continue reading and see 5 High-Dividend Stocks to Buy Under $10. Suggested articles:12 Best Small Cap Tech Stocks To Buy13 Best Electronic Components Stocks to Buy Now10 Stocks That Will Make You Rich in 2023Disclosure. None. 12 High-Dividend Stocks to Buy Under $10 is originally published on Insider Monkey.

Insider Monkey

12 High-Dividend Stocks to Buy Under $10

https://finance.yahoo.com/news/12-high-dividend-stocks-buy-155710494.html

3b0a389c-6d3b-309f-89d6-f3dfa2af8757

GMRE

BETHESDA, Md., September 08, 2023--(BUSINESS WIRE)--Global Medical REIT Inc. (NYSE: GMRE) (the "Company" or "GMRE"), a net-lease medical office real estate investment trust (REIT) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, announced today that its Board of Directors ("Board") has declared the Company’s 2023 third quarter common and preferred dividends.Common DividendThe Board has declared the Company’s 2023 third quarter cash dividend of $0.21 per share of common stock and unit, which will be paid October 10, 2023 to common stockholders and unitholders of record as of September 22, 2023.Series A Preferred DividendThe Board has also declared a quarterly cash dividend of $0.46875 per share on its Series A Cumulative Redeemable Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), which will be paid on October 31, 2023, to Series A Preferred stockholders of record as of October 15, 2023. This represents the Company’s quarterly dividend on its Series A Preferred Stock for the period from July 31, 2023 through October 30, 2023.About Global Medical REIT Inc.Global Medical REIT is a net-lease medical office REIT that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems. Additional information on GMRE can be obtained on its website at www.globalmedicalreit.com.Forward-Looking StatementsCertain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is the Company’s intent that any such statements be protected by the safe harbor created thereby. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "plan," "predict," "project," "will," "continue" and other similar terms and phrases, including references to assumptions and forecasts of future results. Except for historical information, the statements set forth herein including, but not limited to, any statements regarding our earnings, our liquidity, our tenants’ ability to pay rent to us, expected financial performance (including future cash flows associated with new tenants or the expansion of current properties), future dividends or other financial items; any other statements concerning our plans, strategies, objectives and expectations for future operations and future portfolio occupancy rates, our pipeline of acquisition opportunities and expected acquisition activity, including the timing and/or successful completion of any acquisitions and expected rent receipts on these properties, our expected disposition activity, including the timing and/or successful completion of any dispositions and the expected use of proceeds therefrom, and any statements regarding future economic conditions or performance are forward-looking 7 statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although the Company believes that the expectations, estimates and assumptions reflected in its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of the Company’s forward-looking statements. Additional information concerning us and our business, including additional factors that could materially and adversely affect our financial results, include, without limitation, the risks described under Part I, Item 1A - Risk Factors, in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and in our other filings with the SEC. You are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and undertakes no obligation, to update any forward-looking statement.Story continuesView source version on businesswire.com: https://www.businesswire.com/news/home/20230908986327/en/ContactsInvestors: Stephen [email protected] (203) 682-8377

Business Wire

Global Medical REIT Inc. Board Declares 2023 Third Quarter Common and Preferred Dividends

https://finance.yahoo.com/news/global-medical-reit-inc-board-110000054.html

cca0871a-8531-3513-acc7-b470a84c2962

GNLX

Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?So should Genelux (NASDAQ:GNLX) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. See our latest analysis for Genelux How Long Is Genelux's Cash Runway?A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. Genelux has such a small amount of debt that we'll set it aside, and focus on the US$27m in cash it held at June 2023. In the last year, its cash burn was US$15m. So it had a cash runway of approximately 22 months from June 2023. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. The image below shows how its cash balance has been changing over the last few years.debt-equity-history-analysisHow Is Genelux's Cash Burn Changing Over Time?Whilst it's great to see that Genelux has already begun generating revenue from operations, last year it only produced US$11m, so we don't think it is generating significant revenue, at this point. Therefore, for the purposes of this analysis we'll focus on how the cash burn is tracking. Its cash burn positively exploded in the last year, up 1,453%. Given that sharp increase in spending, the company's cash runway will shrink rapidly as it depletes its cash reserves. Clearly, however, the crucial factor is whether the company will grow its business going forward. For that reason, it makes a lot of sense to take a look at our analyst forecasts for the company.Story continuesCan Genelux Raise More Cash Easily?While Genelux does have a solid cash runway, its cash burn trajectory may have some shareholders thinking ahead to when the company may need to raise more cash. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.Since it has a market capitalisation of US$652m, Genelux's US$15m in cash burn equates to about 2.2% of its market value. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.So, Should We Worry About Genelux's Cash Burn?On this analysis of Genelux's cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. Cash burning companies are always on the riskier side of things, but after considering all of the factors discussed in this short piece, we're not too worried about its rate of cash burn. On another note, Genelux has 3 warning signs (and 1 which shouldn't be ignored) we think you should know about.Of course Genelux may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Genelux (NASDAQ:GNLX) Is In A Good Position To Deliver On Growth Plans

https://finance.yahoo.com/news/genelux-nasdaq-gnlx-good-position-151425925.html

b253e656-9a70-3bb0-af6a-97aac408226f

GNLX

Genelux CorporationWESTLAKE VILLAGE, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Genelux Corporation (NASDAQ: GNLX), a late clinical-stage immuno-oncology company, today announced that Thomas Zindrick, President, Chairman and CEO, will present a corporate overview with institutional investors during the H.C. Wainwright 25th Annual Global Investment Conference held the week of September 11th, 2023.The Company will also attend virtual one-on-one meetings during the conference. Institutional investors interested in arranging a meeting with Genelux management can register to attend the conference virtually or contact [email protected] Genelux CorporationGenelux is a late clinical-stage biopharmaceutical company focused on developing a pipeline of next-generation oncolytic immunotherapies for patients suffering from aggressive and/or difficult-to-treat solid tumor types. The Company's most advanced product candidate, Olvi-Vec (olvimulogene nanivacirepvec), is a proprietary, modified strain of the vaccinia virus. Olvi-Vec currently is being evaluated in OnPrime/GOG-3076, a multi-center, randomized, open-label Phase 3 registrational trial evaluating the efficacy and safety of Olvi-Vec in combination with platinum-doublet + bevacizumab compared to platinum-doublet + bevacizumab in patients with platinum-resistant/refractory ovarian cancer. The core of Genelux's discovery and development efforts revolves around the Company's proprietary CHOICE™ platform from which the Company has developed an extensive library of isolated and engineered oncolytic vaccinia virus immunotherapeutic product candidates, including Olvi-Vec. For more information, please visit www.genelux.com and follow us on Twitter @Genelux_Corp and on LinkedIn.Investor and Media ContactsAnkit Bhargava, MDAllele Communications, [email protected]: Genelux Corporation

GlobeNewswire

Genelux Corporation to Present at the H.C. Wainwright Global Investment Conference

https://finance.yahoo.com/news/genelux-corporation-present-h-c-200100232.html

df39ab8e-d99e-346d-8233-89df45c327d7

GNRC

In the latest trading session, Generac Holdings (GNRC) closed at $118.12, marking a -0.29% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.32%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq lost 0.89%.Coming into today, shares of the generator maker had gained 10.97% in the past month. In that same time, the Computer and Technology sector gained 1.88%, while the S&P 500 lost 0.12%.Generac Holdings will be looking to display strength as it nears its next earnings release. In that report, analysts expect Generac Holdings to post earnings of $1.53 per share. This would mark a year-over-year decline of 12.57%. Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, down 4.19% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.41 per share and revenue of $4.05 billion. These totals would mark changes of -35.05% and -11.19%, respectively, from last year.Any recent changes to analyst estimates for Generac Holdings should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.19% lower within the past month. Generac Holdings is currently sporting a Zacks Rank of #3 (Hold).Digging into valuation, Generac Holdings currently has a Forward P/E ratio of 21.88. Its industry sports an average Forward P/E of 15.92, so we one might conclude that Generac Holdings is trading at a premium comparatively.Story continuesWe can also see that GNRC currently has a PEG ratio of 2.19. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. GNRC's industry had an average PEG ratio of 2.19 as of yesterday's close.The Electronics - Power Generation industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 22% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportGenerac Holdings Inc. (GNRC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Generac Holdings (GNRC) Stock Moves -0.29%: What You Should Know

https://finance.yahoo.com/news/generac-holdings-gnrc-stock-moves-221517026.html

83494b8c-9be2-3350-8160-e81a96980439

GNRC

Generac Holdings Inc (NYSE:GNRC) experienced a daily loss of -2.11% and a 3-month loss of -0.09%. With an Earnings Per Share (EPS) of 2.41, the question arises - is the stock significantly undervalued? This article aims to provide a comprehensive analysis of Generac Holdings' valuation, inviting readers to delve into the financial intricacies of the company.Introduction to Generac Holdings Inc (NYSE:GNRC)Warning! GuruFocus has detected 6 Warning Signs with GNRC. Click here to check it out. GNRC 30-Year Financial DataThe intrinsic value of GNRCGenerac Holdings designs and manufactures power generation equipment, catering to residential, commercial, and industrial markets. The company offers standby generators, portable generators, lighting, outdoor power equipment, and a clean energy product suite. The majority of its sales are generated in the United States. The current stock price stands at $115.63, with a market cap of $7.20 billion. The GF Value, an estimation of fair value, is $331.28, indicating that the stock may be significantly undervalued. The following sections will delve deeper into the company's value, incorporating a detailed financial assessment.Unveiling Generac Holdings (GNRC)'s Value: Is It Really Priced Right? A Comprehensive GuideUnderstanding the GF ValueThe GF Value represents the intrinsic value of a stock, derived from GuruFocus' unique method. It is calculated based on historical multiples (PE Ratio, PS Ratio, PB Ratio and Price-to-Free-Cash-Flow), the GuruFocus adjustment factor based on the company's past returns and growth, and future estimates of business performance. The GF Value Line on our summary page provides an overview of the fair value at which the stock should ideally be traded.Generac Holdings (NYSE:GNRC) appears to be significantly undervalued based on the GuruFocus Value calculation. This suggests that the long-term return of its stock is likely to be much higher than its business growth.Unveiling Generac Holdings (GNRC)'s Value: Is It Really Priced Right? A Comprehensive GuideFinancial Strength of Generac HoldingsBefore investing, it's crucial to assess the financial strength of a company. Companies with poor financial strength pose a higher risk of permanent loss. The cash-to-debt ratio and interest coverage are effective measures to gauge a company's financial strength. Generac Holdings has a cash-to-debt ratio of 0.1, lower than 91.65% of 2789 companies in the Industrial Products industry. The overall financial strength of Generac Holdings is rated as fair.Story continuesUnveiling Generac Holdings (GNRC)'s Value: Is It Really Priced Right? A Comprehensive GuideProfitability and Growth of Generac HoldingsInvesting in profitable companies carries less risk, especially those demonstrating consistent profitability over the long term. Generac Holdings has been profitable 10 years over the past 10 years, with revenues of $4 billion and Earnings Per Share (EPS) of $2.41 in the past 12 months. Its operating margin of 8.11% is better than 57.21% of 2800 companies in the Industrial Products industry. Overall, Generac Holdings's profitability is ranked as strong.Growth is a critical factor in a company's valuation. Generac Holdings boasts a 3-year average annual revenue growth of 26.3%, ranking better than 87.76% of 2672 companies in the Industrial Products industry. Its 3-year average EBITDA growth rate is 18.3%, which ranks better than 65.47% of 2363 companies in the same industry.Evaluating Profitability: ROIC vs WACCProfitability can also be evaluated by comparing a company's return on invested capital (ROIC) to its weighted average cost of capital (WACC). ROIC measures how well a company generates cash flow relative to the capital it has invested in its business. WACC is the rate that a company is expected to pay on average to all its security holders to finance its assets. If the ROIC exceeds the WACC, the company is likely creating value for its shareholders. Generac Holdings's ROIC is 6.35 while its WACC is 10.86.Unveiling Generac Holdings (GNRC)'s Value: Is It Really Priced Right? A Comprehensive GuideConclusionIn conclusion, the stock of Generac Holdings (NYSE:GNRC) appears to be significantly undervalued. The company's financial condition is fair, its profitability is strong, and its growth ranks better than 65.47% of 2363 companies in the Industrial Products industry. To learn more about Generac Holdings stock, you can check out its 30-Year Financials here.To find out the high-quality companies that may deliver above-average returns, please check out GuruFocus High Quality Low Capex Screener.This article first appeared on GuruFocus.

GuruFocus.com

Unveiling Generac Holdings (GNRC)'s Value: Is It Really Priced Right? A Comprehensive Guide

https://finance.yahoo.com/news/unveiling-generac-holdings-gnrc-value-153546648.html

d08c92c2-bb5f-3ed6-a570-35fdc03a3a9b

GNTX

Gentex CorporationZEELAND, Mich., Sept. 01, 2023 (GLOBE NEWSWIRE) --  Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable October 18, 2023, to shareholders of record of the common stock at the close of business on October 6, 2023.About the CompanyFounded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market. Visit the Company’s websites at www.gentex.com, fulldisplaymirror.com, and gentextech.com.Contact InformationGentex Investor Relations616-772-1590 x5814

GlobeNewswire

Gentex Announces Third Quarter 2023 Cash Dividend

https://finance.yahoo.com/news/gentex-announces-third-quarter-2023-120000223.html

3b2658ca-4bce-351f-b52b-dbce41eaeeea

GNTX

Gentex Corporation (NASDAQ:GNTX) will pay a dividend of $0.12 on the 18th of October. This means the annual payment will be 1.5% of the current stock price, which is lower than the industry average. Check out our latest analysis for Gentex Gentex's Payment Has Solid Earnings CoverageEven a low dividend yield can be attractive if it is sustained for years on end. Before making this announcement, Gentex was easily earning enough to cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business.Over the next year, EPS is forecast to expand by 75.3%. If the dividend continues along recent trends, we estimate the payout ratio will be 19%, which is in the range that makes us comfortable with the sustainability of the dividend.historic-dividendGentex Has A Solid Track RecordThe company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. Since 2013, the dividend has gone from $0.26 total annually to $0.48. This means that it has been growing its distributions at 6.3% per annum over that time. The growth of the dividend has been pretty reliable, so we think this can offer investors some nice additional income in their portfolio.Gentex May Find It Hard To Grow The DividendInvestors who have held shares in the company for the past few years will be happy with the dividend income they have received. However, initial appearances might be deceiving. Unfortunately, Gentex's earnings per share has been essentially flat over the past five years, which means the dividend may not be increased each year.Our Thoughts On Gentex's DividendIn summary, we are pleased with the dividend remaining consistent, and we think there is a good chance of this continuing in the future. The earnings coverage is acceptable for now, but with earnings on the decline we would definitely keep an eye on the payout ratio. The payment isn't stellar, but it could make a decent addition to a dividend portfolio.Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Without at least some growth in earnings per share over time, the dividend will eventually come under pressure either from competition or inflation. Businesses can change though, and we think it would make sense to see what analysts are forecasting for the company. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Gentex (NASDAQ:GNTX) Is Due To Pay A Dividend Of $0.12

https://finance.yahoo.com/news/gentex-nasdaq-gntx-due-pay-100210039.html

aa06d531-5017-3fb1-b50c-3ee2d0d76b72

GOOG

(Bloomberg) -- Hello from Washington, where we’re getting our Monopoly man monocles out in preparation for the US et al v. Google trial this week. Google is accused of over-reaching its power on online search, and the lawsuit marks a monumental first in the internet era where Big Tech has a mind-boggling amount of influence. Here’s what you need to know for the week ahead.The big fuel threat: Searing summer temperatures are the latest reminder of a strain on the global energy system. Electricity demand climbed due to an increase in air conditioner use at the same time scorching temperatures led to disruptions at oil refineries. The record-breaking heat meant refiners had to cut oil processing by at least 2% globally over June and July while already stretched by years of under-investment and tight oil product markets. Climate change will continue to cause extreme weather patterns — and further strain the global fuel supply. The big market worry: A recession seems less and less likely, at least when looking at what Wall Street has priced into the markets. Of course, a sudden flurry of bad economic data has the potential to cause global volatility, but for now, good news may be the bigger risk. A too-hot economy, and the data that comes with it, would signal inflation and higher policy rates that would hurt corporate earnings, crimp business investment and threaten consumers with high debt loads.The big summit: The Group of 20 leaders gathered in India over the weekend and agreed on a joint statement that included compromise language on Russia’s invasion of Ukraine that won praise from the US and its allies but drew bitter criticism from Kyiv. The US is expected to host the Group of 20 nations in 2026, but China has raised objections. The opposition is mostly symbolic, since it’s unlikely the decision will be reversed. But it reflects China’s standoff with the US over a range issues from Taiwan to chip export controls.Most Read from BloombergStory continuesTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Crypto Exchange Gets 11,000-Year SentenceThe big launch: The US Space Force conducted the first launch of a new constellation of early warning satellites designed to track Chinese or Russian spacecraft that could potentially disable or damage orbiting American systems. The network, dubbed “Silent Barker,” is the latest step in the burgeoning extraterrestrial contest between superpowers.The big diversity question: After sweeping promises to reform workplace diversity on the heels of the death of George Floyd, US executives are cutting back on public discussions on the topic. This quarter marks the first earnings season since the Supreme Court’s ruling against affirmative action, signaling that corporate boardrooms may chill on diversity efforts as a result of the decision.The big payoff: For Republican presidential candidates Nikki Haley and Mike Pence, frugality has been a point of pride — and a way to distinguish themselves. Sparse spending and low-budget campaigns may be paying off, as the two climb in the polls. Meanwhile, Florida Governor Ron DeSantis, who began the race with the most money, is slowly losing his second-place position in the polls.The big launch: Apple’s biggest product unveiling of the year will be on Tuesday, and the stakes are high. The iPhone 15, new smartwatches and AirPods could be Apple’s lifesaver as it faces a sales slump. Among challenges, the Chinese government-backed agencies and state companies have expanded iPhone bans. And Apple is switching up the phone’s charging port once again — a move which could irk consumers, but improve performance.The big bet: Bond traders have been ratcheting up bets that the Federal Reserve isn’t done with its interest-rate hikes just yet. Next week, the monthly consumer-price index report will provide the latest insight into how much further the central bank may need to go to pull inflation back toward its target. The figures could deliver a fresh jolt to the whipsawed Treasury market. ICYM our Big Take: US retail workers are fed up. Low pay and unpredictable schedules are among the challenges for the nearly 8 million Americans working in retail. On top of that the pandemic years have added a host of taxing new duties incluiding shoplifting and customer tempers. Part-time retail employee turnover has shot up to 95%, which has led to some understaffed stores.--With assistance from Shiyin Chen.Most Read from Bloomberg BusinessweekHuawei’s Surprise Phone Gives Ammo to Biden Doubters on ChinaLyme Disease Has Exploded, and a New Vaccine Is (Almost) Here©2023 Bloomberg L.P.

Bloomberg

Steamy Weather and a Too-Hot Economy: Your US Sunday Briefing

https://finance.yahoo.com/news/steamy-weather-too-hot-economy-152059319.html

813c1ac3-f423-3aa4-8224-257838bf5d58

GOOG

Investing in startups is a very risky business but can reward investors greatly if and when they do pay off.Continue reading

Investopedia

The Risks and Rewards of Investing in Startups

https://finance.yahoo.com/m/e6ce7ccb-f939-3398-9595-a22da92e28ac/the-risks-and-rewards-of.html

e6ce7ccb-f939-3398-9595-a22da92e28ac

GOOGL

(Bloomberg) -- Hello from Washington, where we’re getting our Monopoly man monocles out in preparation for the US et al v. Google trial this week. Google is accused of over-reaching its power on online search, and the lawsuit marks a monumental first in the internet era where Big Tech has a mind-boggling amount of influence. Here’s what you need to know for the week ahead.The big fuel threat: Searing summer temperatures are the latest reminder of a strain on the global energy system. Electricity demand climbed due to an increase in air conditioner use at the same time scorching temperatures led to disruptions at oil refineries. The record-breaking heat meant refiners had to cut oil processing by at least 2% globally over June and July while already stretched by years of under-investment and tight oil product markets. Climate change will continue to cause extreme weather patterns — and further strain the global fuel supply. The big market worry: A recession seems less and less likely, at least when looking at what Wall Street has priced into the markets. Of course, a sudden flurry of bad economic data has the potential to cause global volatility, but for now, good news may be the bigger risk. A too-hot economy, and the data that comes with it, would signal inflation and higher policy rates that would hurt corporate earnings, crimp business investment and threaten consumers with high debt loads.The big summit: The Group of 20 leaders gathered in India over the weekend and agreed on a joint statement that included compromise language on Russia’s invasion of Ukraine that won praise from the US and its allies but drew bitter criticism from Kyiv. The US is expected to host the Group of 20 nations in 2026, but China has raised objections. The opposition is mostly symbolic, since it’s unlikely the decision will be reversed. But it reflects China’s standoff with the US over a range issues from Taiwan to chip export controls.Most Read from BloombergStory continuesTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Crypto Exchange Gets 11,000-Year SentenceThe big launch: The US Space Force conducted the first launch of a new constellation of early warning satellites designed to track Chinese or Russian spacecraft that could potentially disable or damage orbiting American systems. The network, dubbed “Silent Barker,” is the latest step in the burgeoning extraterrestrial contest between superpowers.The big diversity question: After sweeping promises to reform workplace diversity on the heels of the death of George Floyd, US executives are cutting back on public discussions on the topic. This quarter marks the first earnings season since the Supreme Court’s ruling against affirmative action, signaling that corporate boardrooms may chill on diversity efforts as a result of the decision.The big payoff: For Republican presidential candidates Nikki Haley and Mike Pence, frugality has been a point of pride — and a way to distinguish themselves. Sparse spending and low-budget campaigns may be paying off, as the two climb in the polls. Meanwhile, Florida Governor Ron DeSantis, who began the race with the most money, is slowly losing his second-place position in the polls.The big launch: Apple’s biggest product unveiling of the year will be on Tuesday, and the stakes are high. The iPhone 15, new smartwatches and AirPods could be Apple’s lifesaver as it faces a sales slump. Among challenges, the Chinese government-backed agencies and state companies have expanded iPhone bans. And Apple is switching up the phone’s charging port once again — a move which could irk consumers, but improve performance.The big bet: Bond traders have been ratcheting up bets that the Federal Reserve isn’t done with its interest-rate hikes just yet. Next week, the monthly consumer-price index report will provide the latest insight into how much further the central bank may need to go to pull inflation back toward its target. The figures could deliver a fresh jolt to the whipsawed Treasury market. ICYM our Big Take: US retail workers are fed up. Low pay and unpredictable schedules are among the challenges for the nearly 8 million Americans working in retail. On top of that the pandemic years have added a host of taxing new duties incluiding shoplifting and customer tempers. Part-time retail employee turnover has shot up to 95%, which has led to some understaffed stores.--With assistance from Shiyin Chen.Most Read from Bloomberg BusinessweekHuawei’s Surprise Phone Gives Ammo to Biden Doubters on ChinaLyme Disease Has Exploded, and a New Vaccine Is (Almost) Here©2023 Bloomberg L.P.

Bloomberg

Steamy Weather and a Too-Hot Economy: Your US Sunday Briefing

https://finance.yahoo.com/news/steamy-weather-too-hot-economy-152059319.html

813c1ac3-f423-3aa4-8224-257838bf5d58

GOOGL

Investing in startups is a very risky business but can reward investors greatly if and when they do pay off.Continue reading

Investopedia

The Risks and Rewards of Investing in Startups

https://finance.yahoo.com/m/e6ce7ccb-f939-3398-9595-a22da92e28ac/the-risks-and-rewards-of.html

e6ce7ccb-f939-3398-9595-a22da92e28ac

GPC

Genuine Parts Company (NYSE:GPC) is about to trade ex-dividend in the next 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. In other words, investors can purchase Genuine Parts' shares before the 7th of September in order to be eligible for the dividend, which will be paid on the 2nd of October.The company's upcoming dividend is US$0.95 a share, following on from the last 12 months, when the company distributed a total of US$3.80 per share to shareholders. Looking at the last 12 months of distributions, Genuine Parts has a trailing yield of approximately 2.5% on its current stock price of $155.08. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. See our latest analysis for Genuine Parts If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Fortunately Genuine Parts's payout ratio is modest, at just 43% of profit. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Over the last year it paid out 69% of its free cash flow as dividends, within the usual range for most companies.It's positive to see that Genuine Parts's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.Click here to see the company's payout ratio, plus analyst estimates of its future dividends.Story continueshistoric-dividendHave Earnings And Dividends Been Growing?Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. For this reason, we're glad to see Genuine Parts's earnings per share have risen 16% per annum over the last five years. Genuine Parts has an average payout ratio which suggests a balance between growing earnings and rewarding shareholders. Given the quick rate of earnings per share growth and current level of payout, there may be a chance of further dividend increases in the future.The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the last 10 years, Genuine Parts has lifted its dividend by approximately 6.7% a year on average. We're glad to see dividends rising alongside earnings over a number of years, which may be a sign the company intends to share the growth with shareholders.The Bottom LineShould investors buy Genuine Parts for the upcoming dividend? Earnings per share have grown at a nice rate in recent times and over the last year, Genuine Parts paid out less than half its earnings and a bit over half its free cash flow. Genuine Parts looks solid on this analysis overall, and we'd definitely consider investigating it more closely.With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. For example, we've found 1 warning sign for Genuine Parts that we recommend you consider before investing in the business.Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Genuine Parts Company (NYSE:GPC) Passed Our Checks, And It's About To Pay A US$0.95 Dividend

https://finance.yahoo.com/news/genuine-parts-company-nyse-gpc-120812745.html

bb2822d4-2435-31b3-bcf5-e4c17929e622

GPC

In the dynamic landscape of investing, Dividend Kings stand as the sturdy oaks in a field of willows, epitomizing both financial resilience and shareholder value. Using GuruFocus' All-in-One Screener, I delve deeper than just dividend yield or growth. I examine each company through the lens of five critical metricsshareholder yield, three-year share buyback ratio, three-year free cash flow growth rate (per share), payout ratio and percentage trading below the 52-week highto offer a more comprehensive view of financial health and shareholder friendliness.Warning! GuruFocus has detected 8 Warning Signs with VFC. Click here to check it out. High Yield Dividend Stocks in Gurus' PortfolioThis Powerful Chart Made Peter Lynch 29% A Year For 13 YearsHow to calculate the intrinsic value of a stock?Shareholder yield serves as an amalgamation of dividends and share buybacks, providing a holistic picture of how much capital is being returned to shareholders. Moving in sync with this, the three-year share buyback ratio offers valuable insights into a company's consistent commitment to repurchasing its own shares, which is often a strong indicator of management's confidence in the business. A parallel line of thought leads us to the three-year free cash flow growth rate, an indicator that drills down into how efficiently a company is generating free cash flow, which is essentially the lifeblood of any enterprise.Then comes the payout ratio, a gauge that measures what portion of earnings is being channeled back to shareholders as dividends. While a high ratio may satiate income-focused investors in the short term, it also raises questions about whether the company is reinvesting enough for sustainable growth. Last but not least, we look at the percentage trading below the 52-week high. This metric can signal whether a fundamentally strong Dividend King is currently trading at a discount, potentially offering a lucrative entry point for long-term investors.Story continuesIdentifying the must-have Dividend KingsBy meticulously evaluating Dividend Kings with a 50-year history against these metrics, we distinguish the must-have stocks from the rest of the pack. These companies are holistic performers that blend stability with growth prospects. So as we venture further into the analysis of these two dividend stocks, remember that this endeavor isn't merely about capitalizing on dividends. It's about comprehending the robust financial scaffolding that makes these companies long-term Dividend Kings.Genuine PartsGenuine Parts Co. (NYSE:GPC), despite its year-to-date return of -9%, commands attention as a stable play in the volatile retail - cyclical industry. Recent data puts it ahead of 65% of companies in its sector, showing resilience where others falter. With a second-quarter revenue surge to $5.92 billiona 6% year-over-year jumpGenuine Parts defies gravity, even as it bumps up its full-year outlook.Unlocking Long-Term Value: How Genuine Parts and Lowe's Stand as Resilient Dividend KingsGranted, the net income slid by 8% and operating income tumbled nearly 10%, but let's not forget the company beat its June 2023 earnings per shares expectations by a stunning 4%. Couple this with a three-year per-share revenue growth rate of 9.1% and a similarly laudable earnings per share growth rate of 23.4%, and you have got a mosaic of metrics that's not easy to ignore. So, why should you keep an eye on this Dividend King?First off, Genuine Parts ranks better than nearly 74% of companies in its sector for three-year free cash flow per share growth ratea whopping 23.6%. This prowess in generating cash amplifies its attractiveness. Further, its current price-earnings ratio sits at a modest 18.14, which, given its historical range, indicates that it's reasonably priced. To top it off, the shareholder yield stands at 1.4%, outperforming over half of the companies in its industry. While it may not scream "high returns," this makes Genuine Parts a solid entrant in the cadre of must-have dividend stocks with good growth prospects.Lowe's CompaniesLowe's Companies Inc. (NYSE:LOW) has cemented itself as a dividend king in the retail - cyclical industry, making it one of the must-have dividend stocks for income investors. With a year-to-date return of 17%, Lowe's has showcased resilience even as it reported a year-over-year revenue decline of 9.17%, rounding off at $24.96 billion in August. However, let's not lose sight of the longer-term narrative.Unlocking Long-Term Value: How Genuine Parts and Lowe's Stand as Resilient Dividend KingsThe company's three-year revenue, earnings per share and free cash flow growth rates have been nothing short of stellar. Lowe's flaunts an 18% three-year revenue growth rate per share, better than nearly 80% of companies in its sector. Add to that a 23% earnings growth rate and an astonishing 44% free cash flow growth rate, placing it in the upper echelons of retail performers.Interestingly, the company has found a silver lining in its Pro sales, driving surprising strength amid the noise. This strategy highlights Lowe's focus on big-ticket items and discretionary spending as critical components of its earnings tapestry. Although top executives have pointed out that rising theft is cutting into earnings, the operating income still stands at a formidable $3.89 billion, down just 8% year over year. The net change in cash saw an overwhelming surge of 128%, rounding to $544 million.Moreover, Lowe's boasts an aggressive share buyback strategy, ranking better than 98% of its peers with a 7.6 share buyback ratio. Not to be overlooked, its shareholder yield of almost 3% ranks better than 61% of industry players, making it one of the top dividend stocks now. In essence, despite short-term headwinds, the company continues to offer strong shareholder value through its robust financial metrics and strategic focus. Given its proven track record and unwavering commitment to growth and shareholder return, it remains one of the leading dividend stocks with high returns that should not be ignored.This article first appeared on GuruFocus.

GuruFocus.com

Unlocking Long-Term Value: How Genuine Parts and Lowe's Stand as Resilient Dividend Kings

https://finance.yahoo.com/news/unlocking-long-term-value-genuine-154946217.html

2a9808bb-9c96-3fc0-a354-bf630fc2d305

GPN

Payment industry stocks have been among the top performers in the financial sector over the years, but two look like particularly good buys as we move into the month of September: PayPal (NASDAQ: PYPL) and Global Payments (NYSE: GPN). Both of these growth stocks are undervalued at the moment and should provide some nice upside for investors. The past few years have been difficult for PayPal, the granddaddy of online payment platforms.Continue reading

Motley Fool

2 Top Payment Stocks to Buy in September

https://finance.yahoo.com/m/18f06ef1-9d63-3a79-918d-8969369f7949/2-top-payment-stocks-to-buy.html

18f06ef1-9d63-3a79-918d-8969369f7949

GPN

On September 6, 2023, Senior EVP and CFO Joshua Whipple sold 37,096 shares of Global Payments Inc (NYSE:GPN). This move comes amidst a year where the insider has sold a total of 37,096 shares and purchased none.Warning! GuruFocus has detected 7 Warning Signs with GPN. Click here to check it out. GPN 30-Year Financial DataThe intrinsic value of GPNJoshua Whipple is a key figure in the Global Payments Inc company. As the Senior EVP and CFO, he plays a crucial role in the financial decision-making process of the company. His actions and decisions can significantly impact the company's financial health and stock performance.Global Payments Inc is a leading worldwide provider of payment technology and software solutions, delivering innovative services to its customers. The company's technologies, services, and employee expertise enable it to provide a broad range of solutions that allow its customers to accept various payment types and operate their businesses more efficiently across a variety of distribution channels in many markets around the world.The insider transaction history for Global Payments Inc shows a trend of more sells than buys over the past year. There have been 2 insider buys and 4 insider sells, including the recent sell by Joshua Whipple.Senior EVP and CFO Joshua Whipple Sells 37,096 Shares of Global Payments Inc (GPN)The relationship between insider buy/sell actions and the stock price can be complex. However, it's generally perceived that insider selling may indicate a lack of confidence in the company's future performance. In this case, the insider's decision to sell a significant number of shares could potentially signal to investors that he may believe the company's current stock price doesn't reflect its future growth potential.On the day of the insider's recent sell, shares of Global Payments Inc were trading for $127.28 each, giving the stock a market cap of $32.74 billion. The price-earnings ratio is 41.97, which is higher than both the industry median of 17.02 and the companys historical median price-earnings ratio.Story continuesDespite this, the stock appears to be modestly undervalued based on its GF Value. With a price of $127.28 and a GuruFocus Value of $161.74, Global Payments Inc has a price-to-GF-Value ratio of 0.79.Senior EVP and CFO Joshua Whipple Sells 37,096 Shares of Global Payments Inc (GPN)The GF Value is an intrinsic value estimate developed by GuruFocus. It's calculated based on historical multiples that the stock has traded at, a GuruFocus adjustment factor based on the companys past returns and growth, and future estimates of business performance from Morningstar analysts.In conclusion, the recent sell by the insider may raise questions among investors. However, the stock's current valuation suggests that it may still be a good investment opportunity. As always, potential investors should conduct their own research and consider multiple factors before making investment decisions.This article first appeared on GuruFocus.

GuruFocus.com

Senior EVP and CFO Joshua Whipple Sells 37,096 Shares of Global Payments Inc (GPN)

https://finance.yahoo.com/news/senior-evp-cfo-joshua-whipple-050412928.html

1fc4e9c3-827d-3aeb-b835-b6c52dbf4f45

GRC

Key InsightsGiven the large stake in the stock by institutions, Gorman-Rupp's stock price might be vulnerable to their trading decisions51% of the business is held by the top 13 shareholdersUsing data from company's past performance alongside ownership research, one can better assess the future performance of a companyTo get a sense of who is truly in control of The Gorman-Rupp Company (NYSE:GRC), it is important to understand the ownership structure of the business. With 62% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.In the chart below, we zoom in on the different ownership groups of Gorman-Rupp. View our latest analysis for Gorman-Rupp ownership-breakdownWhat Does The Institutional Ownership Tell Us About Gorman-Rupp?Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.We can see that Gorman-Rupp does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Gorman-Rupp's earnings history below. Of course, the future is what really matters.earnings-and-revenue-growthInstitutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Gorman-Rupp is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 8.5% of shares outstanding. With 7.1% and 6.1% of the shares outstanding respectively, Jeffrey Gorman and BlackRock, Inc. are the second and third largest shareholders. Jeffrey Gorman, who is the second-largest shareholder, also happens to hold the title of Top Key Executive.Story continuesA closer look at our ownership figures suggests that the top 13 shareholders have a combined ownership of 51% implying that no single shareholder has a majority.While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.Insider Ownership Of Gorman-RuppWhile the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.We can see that insiders own shares in The Gorman-Rupp Company. As individuals, the insiders collectively own US$65m worth of the US$803m company. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying. General Public OwnershipWith a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Gorman-Rupp. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.Next Steps:While it is well worth considering the different groups that own a company, there are other factors that are even more important. Be aware that Gorman-Rupp is showing 2 warning signs in our investment analysis , and 1 of those makes us a bit uncomfortable...If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

With 62% ownership of the shares, The Gorman-Rupp Company (NYSE:GRC) is heavily dominated by institutional owners

https://finance.yahoo.com/news/62-ownership-shares-gorman-rupp-175537200.html

3e99c9d1-5c64-3647-a111-9800c0c23d0d

GRC

Utility stocks are often a favorite of dividend-focused investors as they typically offer safe and reliable sources of income. These businesses provide services that are needed regardless of the state of the economy. Steady revenue and profits can translate into dividends for shareholders. In fact, utility stocks can be found throughout the Dividend Kings. Dividend Kings are those companies with at least 50 decades of dividend growth. Utility companies account for 7, or 14%, of the 50 companies that have earned the title of Dividend King.Water Utility Stocks: A Stable InvestmentWarning! GuruFocus has detected 9 Warning Signs with GRC. Click here to check it out. GRC 30-Year Financial DataThe intrinsic value of GRCOne area of the utility sector that does not receive much discussion is water. Water is the most precious resource on earth as all living things need it to survive. Therefore, companies that operate in the water utility space can likely be counted on to have very stable business models, which can lead to long periods of dividend growth. This could make water utility stocks ideal investments for investors seeking safe and reliable dividends.Gorman-Rupp Co: A Promising Water Utility StockGorman-Rupp Co (NYSE:GRC) is one such name as the company has built an incredible niche business for itself, which has allowed it to have one of the longest dividend growth streaks in the marketplace. The stock has outperformed the benchmarks this year, returning more than 26% year-to-date. Still, the stock appears to be trading well below its intrinsic value as measured by GuruFocus. Lets dive into why I believe Gorman-Rupp Co (NYSE:GRC) could be a strong investment for those looking to add a water utility name to their portfolio.Background and Recent Earnings ResultsGorman-Rupp Co (NYSE:GRC) was founded in 1933 with a focus on manufacturing pumps and pumping systems. The company carries a midsized designation as it has annual sales of $650 million and a market capitalization of just $849 million. Despite this smaller relative size, Gorman-Rupp Co (NYSE:GRC) has positioned itself as a provider of critical systems that its industrial customers depend upon to run their operations.Story continuesThe companys products are used in a variety of end markets, including agriculture, air conditioning, construction, fire protection, petroleum, ventilation, water, and wastewater. Water and water-related business make up nearly 60% of annual sales, with non-water adding close to 30% and repair parts contributing the rest.The company maintains a global leadership position in its industry. Gorman-Rupp Co (NYSE:GRC) has 20 global locations, sells its products to 130 countries, and receives approximately one-third of annual revenue from international markets. The pumps that the company manufactures are essential, as they account for 11% of annual water infrastructure investment.Gorman-Rupp Co (NYSE:GRC) released third-quarter earnings results on July 28, 2023. The company produced robust results, with revenue surging 44% and adjusted earnings per share improving to 41 cents from 27 cents. Gorman-Rupp Co (NYSE:GRC)s results topped already heightened expectations for revenue by $14 million and adjusted earnings per share by 14 cents.Gorman-Rupp: A Safe and Reliable Water UtilitySome of the year-over-year growth can be attributed to the purchase of Fill-Rite in 2022, but the underlying business performance was strong. Fill-Rite should add meaningfully to Gorman-Rupp Co (NYSE:GRC)s results as the company had more than $150 million of revenue in its most recent fiscal year. This marked the second consecutive quarter where the company topped top- and bottom-line estimates. Analysts expect growth to continue as the company is projected to earn $1.28 per share in 2023, which would be a 36% improvement from the prior year.Dividend and Valuation AnalysisGorman-Rupp Co (NYSE:GRC) has a dividend growth streak of 50 years, which is nearly unmatched in the utility sector. The dividend has been increased by approximately 4 cents per share per year over the last decade, equating to a compound annual growth rate of 8.5% since 2013. This is higher than the typical utility name.The steady high single-digit raises have caused the payout ratio to increase from 29% in 2013 to 73% last year, though the average payout ratio over the last 10 years is 43%. The projected payout ratio for 2023 is 55%, which is a reasonable level and could be a more accurate assessment of dividend safety compared to last year given the addition of Fill Rite. This payout ratio could move lower, especially as the acquisition continues to add meaningfully to results.Gorman-Rupp: A Safe and Reliable Water UtilityShares of Gorman-Rupp Co (NYSE:GRC) yield 2.2%, which tops the 1.5% average yield for the S&P 500 Index. This also superior to the stocks average yield of 1.7% since 2013. With shares trading at ~$32, Gorman-Rupp Co (NYSE:GRC) has a forward price-earnings ratio of 25. This is an elevated multiple, but not unheard of for water utility companies given the consistency of their results and the safety of their dividends. This is also nearly in-line with the stocks 10-year average price-earnings ratio of 25.5.Where Gorman-Rupp Co (NYSE:GRC) looks especially attractive is when the share price is compared to its GF Value. With a GF Value of $56.37, shares have a price-to-GF-Value of 0.57, implying the potential for excellent returns.Final ThoughtsWater utility stocks are rarely talked about, but they can deliver the same level of consistent results of other types of utilities. Perhaps even more so as their services are vital for everyday life. Gorman-Rupp Co (NYSE:GRC) has carved out an important niche area for itself as its water-related products help other industries run their daily operations. Without the companys products, customers would be unable to perform their basic functions.As a result, Gorman-Rupp Co (NYSE:GRC) has a long history of being in a position to continuously distribute dividends to shareholders. The dividend growth rate is still high even after five decades of raises and the current yield tops the market average. In addition, shares are trading just below their historical multiple and at a significant discount to their GF Value.Gorman-Rupp Co (NYSE:GRC) has a lot of characteristics that both income and value investors might find attractive, making the stock a good one to add to an investors watchlist.This article first appeared on GuruFocus.

GuruFocus.com

Gorman-Rupp: A Safe and Reliable Water Utility

https://finance.yahoo.com/news/gorman-rupp-safe-reliable-water-200730828.html

5cf14e16-6b09-308d-8ed8-90eda2fb3212

GRMN

New magnetron radomes offer premium features for maximum clarity, accuracy and awarenessOLATHE, Kan., Sept. 6, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced the addition of two radars to the magnetron lineup, the GMR™ xHD3/HD3 dome radar series. These new radars provide high-definition imaging and the latest platform technology to give boaters, sailors and anglers extra peace of mind on the water.New magnetron radomes offer premium features for maximum clarity, accuracy and awarenessNow available in an 18" or 24" model, the xHD3 dome radar series adds new premium features for maximum clarity and awareness on the water:Scan Averaging – a first for Garmin magnetron dome radar – to help filter sea clutter and interference, delivering a clearer display.Target Size optimizes on-screen object shapes at all range scales through pulse expansion and angular processing.True Echo Trails shows a historical "trail" of boats on the water, removing relative motion influence to help quickly identify moving targets and potential collision threats.Rotation Speed up to 60 rpm to improve the redraw rate for faster target updates on a multifunction display (MFD)."We're excited to offer our xHD3 dome radar series with these new enhancements, continuing our pursuit to provide mariners with the most innovative technology available on the water today. Garmin's new magnetron radars deliver a high-definition picture of weather, obstacle and traffic detection, giving mariners superior clarity and detail for added peace of mind every time they leave the dock." –Dan Bartel, Garmin Vice President of Global Consumer SalesNavigating the conditionsNo matter the time of day or weather, mariners can travel with confidence thanks to the dual-range display of the xHD3 series. It allows for a single radar antenna to provide split-screen, side-by-side images on a compatible chartplotter, with independent settings for close and long range. A radar overlay can also be added on top of a chart view to confirm object location on both displays.Story continuesFor anglers, the xHD3 series includes an enhanced auto bird gain and a bird mode preset feature to help locate flocks of birds at the water's surface, often an indication of where the fish might be. With its low-noise and reliable operation, fishing enthusiasts can troll the water's surface with less disturbance of their targets.Faster on the redrawPurpose-built for smaller vessels and sailboats, the robust xHD3 dome series offers a rotation speed of up to 60 rpm to improve the redraw rate for faster target updates and a clearer picture. Mariners can see more of their surroundings to deliver crisp, high-resolution picture quality with an up to 48-nautical mile detection range. Mini-automatic radar plotting aid (MARPA) technology also tracks selected targets, helping captains keep track of potential collision threats1. The xHD3 radars also incorporate improved auto gain, which automatically adjusts levels to optimum settings for harbors, near shore and in open waters.Available now, the GMR 18 xHD3 dome radar has a retail price of $1,999.99, while the GMR 24 xHD3 model is $2,799.99.For high-performance scanning at a lower price, the series also includes the GMR 18 HD3 dome radar, which retails for $1,799.99. The robust HD3 also features improved target detection as well as dynamic auto gain, dual-radar support, and low-noise scanning. Radar detection range for the HD3 extends from 20 meters out to 36 nautical miles.Learn more about Garmin's full line of marine electronics by visiting garmin.com/marine.Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest-to-use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the eighth consecutive year, Garmin was named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Navionics®. Visit the Garmin Newsroom, email our media team, connect with @garminmarine on social, or follow our blog.1Requires a heading sensor, sold separately.About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark and GMR is a trademark of Garmin, Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.Notice on Forward-Looking Statements:This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 31, 2022, filed by Garmin with the Securities and Exchange Commission (Commission file number 0001-411180). A copy of such Form 10-K is available at https://www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.Media contacts:Mike Cummings & Carly [email protected] (PRNewsfoto/Garmin)CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-expands-xhd3-series-with-new-magnetron-dome-radars-301913493.htmlSOURCE Garmin International, Inc.

PR Newswire

Garmin expands xHD3 series with new magnetron dome radars

https://finance.yahoo.com/news/garmin-expands-xhd3-series-magnetron-110100675.html

2541f0cb-f4ba-3d76-8e32-78126b811352

GRMN

Because I'm the editor of Engadget by day and a volunteer coach in my free time, I often get asked which GPS watch or fitness tracker to buy. (People also ask what I'm wearing and the answer is: All of them. I am testing all of them.) For my part, the best running watches are quick to lock in a GPS signal, offer accurate distance and pace tracking, last a long time on a charge, are comfortable to wear and easy to use. Quick OverviewThe best running smartwatchApple Watch Series 8$310 at AmazonBest for triathletesGarmin Forerunner 745$300 at AmazonBest for most peopleGarmin Forerunner 45S$130 at AmazonBest under $100Amazfit Bip S$70 at AmazfitAdvanced tracking features like monitoring VO2 Max, or maximum oxygen intake during workouts with increasing intensity, are also nice to have, along with training assessments to keep your workload in check and make sure you're getting in effective aerobic and anaerobic workouts. It's also a plus when a watch supports other sports, like cycling and swimming, which all of these do to varying extents. As for features like smartphone notifications and NFC payments, they’re not necessary for most people, especially considering they drive up the asking price.Without further ado, I bring you capsule reviews of four running watches, each of which I ultimately recommend, none of which is perfect. And keep in mind, when it comes time to make a decision for your training plans, there are no wrong answers here: I like Apple and Garmin enough, for instance, that I switch back and forth between them in my own training.Best GPS running watchesThe best running watch that’s also a smartwatch: Apple WatchPhoto by Cherlynn Low / EngadgetThe best running smartwatchApple Watch Series 8Apple's wearable is jack-of-all-trades GPS watch that also happens to be our favorite smartwatch.$310 at Amazon$310 at WalmartPros: Stylish design; a great all-around smartwatch you'll want to use even when you're not exercising; automatic workout detection; heart-rate and blood oxygen monitoring; support for lots of third-party health platforms; auto-pause feels faster than on Garmin watches; zippy performance and fast re-charging; optional LTE is nice to have.Cons: For iPhone users only; shorter battery life than the competition might concern endurance athletes; fewer performance metrics and settings than what you'd find on a purpose-built sports watch.Don't think of the Apple Watch as a running watch. Think of it as a smartwatch that happens to have a running mode. Almost eight years after the original Watch made its debut, Apple has successfully transformed its wearable from an overpriced curiosity to an actually useful companion device for the masses. But being a gadget for the masses means that when it comes to running, the Apple Watch has never been as feature rich as competing devices built specifically for that purpose.Before I get to that, a few words on why I like it. The Apple Watch is the only one of these watches I’d want to wear every day. (And I do: After reviewing Apple Watches for years, I finally purchased one in fall 2021.) The most recent model is stylish, or at least as stylish as a wrist-based computer can be, and certainly more so than any running watch I've encountered. The aluminum, water-resistant body and neutral Sport band go with most outfits and will continue to look fresh after all your sweaty workouts and jaunts through the rain. And the always-on display is easy to read in direct sunlight.The battery life is 18 hours, according to Apple. Indeed, I never have a problem making it through the day. I’m often able to put the watch back on after a night of forgetting to charge it and still have some juice left. If you do forget, even a few minutes of charging in the morning can go a long way, even more so now that the Watch supports even faster charging than before. Plus, the new low power mode in watchOS 9 can help you extend the life of your Watch on particularly long days.That said, it’s worth noting that other running watches claim longer usage time — between 30 and 40 hours in some cases. When it comes to workouts specifically, Apple rates the battery life with GPS at up to seven hours. Given that, I would trust the Watch to last through a short run or even a half marathon, but I'm not sure how it would fare in one of my slow, five-hour-plus marathons. We haven't put the higher-end Apple Watch Ultra through such paces yet, but it's worth mentioning that it has the longest battery life of any Apple Watch with a promised 36 hours (and we got about three days worth of regular use during our testing).The built-in activity tracking app is simple and addictive: I feel motivated to fill in my "move" (active calorie), exercise and stand rings each day. I enjoy earning award badges, even though they mean nothing. I'm grateful that the Apple Health app can pull in workouts from Garmin and every other brand featured here, and then count that toward my daily exercise and stand goals (but not my move goal, curiously).My one complaint is that the sensors don’t always track standing time accurately. I have failed to receive credit when standing for long periods in front of a stove, but occasionally I’ve been rewarded for doing absolutely nothing.As for running specifically, you're getting the basics and not much else. You can see your distance, calorie burn, heart rate readings, average pace and also rolling pace, which is your pace over the past mile at any given moment. You can also set pace alerts — a warning that you're going faster than you meant to, for example. Like earlier Apple Watches, you can also stream music or podcasts, if you have the cellular-enabled LTE model.Because the watch has a GPS sensor, you can leave your phone at home while running. Of course, no two brands of running watches will offer exactly the same distance readout on a run. That said, though Apple never explicitly claimed the Watch offers improved accurate distance tracking, the readouts here do feel more accurate than on earlier models. It’s possible that Apple is making ongoing improvements under the hood that have added up to more accurate tracking performance.For indoor runners, the Apple watch integrates with some treadmills and other exercise equipment, thanks to a two-way pairing process that essentially trades notes between the device and gym gear, formulating a more accurate estimate of your distance and effort using that shared data. In my experience, the Watch usually agrees with the treadmill on how far I ran, which is not always the case with other wearables.I also particularly appreciate that the Apple Watch automatically detects workouts after a certain period of time. I use this feature daily as I walk to and from the subway and around my neighborhood. After 10 minutes, the familiar vibrating tick, with a message asking if I want to record an outdoor walk. The answer is always yes, and the watch thankfully includes the previous 10 minutes in which I forgot to initiate a workout.Regardless of the workout type, all of your stats are listed on a series of pages, which you swipe through from left to right. In my early days using the watch, it was tempting to use the Digital Crown as a stopwatch button, similar to how I use other running watches. This urge has mostly subsided as I've gotten more comfortable with the user interface.Like many of its competitors, the Apple Watch has an auto-pause option, which I often use in start-and-stop workouts. I also found in side-by-side comparisons (one watch on each wrist), that auto-pause on the Watch reacts faster than on Garmin models.Conveniently, the Apple Watch can export workouts to MyFitnessPal so you get credit for your calorie burn there. Of note, the Watch has all of the health features that the previous generation, including a built-in ECG test for cardiac arrhythmias, along with fall detection, a blood oxygen test, respiratory tracking, emergency calls and menstrual tracking. Also like previous models, there’s a built-in compass and international emergency calling.Unfortunately, the stats themselves are fairly limited, without much room for customization. There's no mode for interval workouts, either by time or distance. There's also not much of an attempt to quantify your level of fitness, your progress or the strenuousness of your workouts or training load. None of this should be a dealbreaker for more casual runners.For more detailed tracking, your best bet is to look outside of the Apple ecosystem and experiment with third-party running apps for the iPhone, like Strava, RunKeeper, MapMyRun, Nike Run Club and others. It's through trial and error that I finally found an app with Watch support and timed intervals. But at the end of the day, it's easier to wear a purpose-built running watch when I'm running outdoors, sync my data to Apple Health, get my exercise and standing-time credit, and then put the Apple Watch back on the first chance I get. But if you can only afford one smartwatch for training and life, there's a strong case for choosing this one.The best GPS running watch for triathletes: Garmin Forerunner 745GarminBest for triathletesGarmin Forerunner 745Garmin's watch has a myriad of training and recovery features for serious runners and cyclists.$300 at Amazon$425 at TargetPros: Accurate distance tracking; long battery life; advanced fitness and training feedback; stores up to 500 songs; works with Garmin Pay.Cons: Garmin’s auto-pause feature feels slower than Apple’s; more advanced features can sometimes mean the on-device UI is tricky to navigate; features like Garmin Pay drive up the price but may feel superfluous.If the Apple Watch is for people who want a smartwatch that also has some workout features, the $500 Garmin Forerunner 745 is for athletes in training who want a purpose-built device to help prepare for triathlons. The various sensors inside can track your heart rate zones, VO2 Max and blood oxygen (with the option to track all-day and in-sleep, as opposed to just spot checking). On the software side, you get daily workout suggestions, a rating that summarizes your performance condition, animated on screen workouts, a cycling power rating, a sleep score and menstruation tracking. You can also create round-trip courses as well as find popular routes though Garmin’s Trendline populating routing feature.Like other Garmin watches, even the entry-level ones, you also get feedback on your training load and training status (unproductive, maintaining, productive, peaking, overreaching, detraining and recovery), a “Body Battery” energy rating, recommended recovery time, plus Garmin Coach and a race time predictor. And you can analyze “running dynamics” if you also have a compatible accessory.The slight downside to having all of these features is that the settings menu can be trickier to navigate than on a simpler device like the entry-level Forerunner 45. Fortunately, at least, a home screen update released back in fall 2020 makes it so that you can see more data points on the 1.2-inch screen with less scrolling required.Speaking of the screen, the watch face, available in four colors, is easy to read in direct sunlight, and weighs a not-too-heavy 47g. That light weight, combined with the soft silicone band, makes it comfortable to wear for long stretches. Garmin rates the battery life at up to seven days, or up to 16 hours with GPS in use. (That figure drops to six hours when you combine GPS tracking with music playback.) In my testing, I was still at 88 percent after three hours of GPS usage. Most of my weekday runs are around 35 minutes and that, it turns out, only puts a roughly two- or three-percent dent in the battery capacity.In practice, the watch also seemed quicker than my older Forerunner 645 Music to latch onto a GPS signal, even in notoriously difficult spots with trees and cover from tall buildings. As always, distance tracking is accurate, especially if you start out with a locked-in signal, which you always should. Like I said earlier, though, I did find in a side-by-side test, Garmin’s auto-pause feature seems sluggish compared to Apple’s.Aside from some advanced running and cycling features, what makes the 745 one of the more expensive models in Garmin’s line are its smartwatch features. That includes Garmin Pay, the company’s contactless payments system, and music storage for up to 500 tracks on the device. You can also mirror your smartphone notifications and use calendar and weather widgets. Just know you can enjoy that even on Garmin’s entry-level model (more on that below).I can see there being two schools of thought here: if someone plans to wear this watch for many hours a week working out, it may as well get as close as possible to a less sporty smartwatch. Then there’s my thinking: You’re probably better off stepping down to a model that’s nearly as capable on the fitness front, but that doesn’t pretend as hard to be a proper smartwatch.For those people, there’s another mid-range model in Garmin’s Forerunner line that’s cheaper and serves many of the same people who will be looking at the 745. The Forerunner 245 offers many of the same training features. It also mostly matches the 745 on pool swimming, but you do appear to lose a bunch of cycling features, so you might want to pore over this comparison chart before buying if you’re a multisport athlete.What you give is Garmin Pay; the option of all-day blood oxygen tracking; the sleep score; a gyroscope and barometric altimeter; floors climbed; heat and altitude acclimation; yoga and pilates workouts; training load focus; the Trendline feature; round-trip course creation, Garmin and Strava live segments; and lactate threshold tracking (and for this you would need an additional accessory amway).At the opposite end of the spectrum (for people who actually wish the 745 could do more), there’s the Forerunner 945 LTE which, true to its name, adds built-in LTE connectivity. This model also holds 1,000 songs, up from 500 on the 745, and adds niceties like preloaded maps and a host of golfing features, if golf is also your jam.The best GPS running watch for most people: Garmin Forerunner 45SGarminBest for most peopleGarmin Forerunner 45SGarmin's affordable Forerunner 45s offers everything you need to start tracking your runs, along with some basic smartwatch features to boot.$130 at Amazon$130 at WalmartPros: Accurate distance tracking, long battery life, heart rate monitoring and interval training at a reasonable price; lightweight design; offered in a variety of colors; smartphone notifications feel limited, but could be better than nothing.Cons: Garmin’s auto-pause feature feels slower than Apple’s.I purposefully tested the expensive Garmin Forerunner 745 first, so that I could start off with an understanding of the brand’s more advanced tech. Testing the Forerunner 45S, then, was an exercise in subtraction: If I pared down the feature set, would I miss the bells and whistles? And would other runners?It turns out, mostly not. As an entry-level watch, the 45S offers everything beginners (and even some intermediate) runners could want, including distance tracking, basic fitness tracking (steps, calories), heart rate monitoring and a blood oxygen test. Also, as much as the 45S is aimed at new runners, you’ll also find modes for indoor and outdoor cycling, elliptical machines, stair climbers and yoga.Coming from the 745, I was especially pleased to see that many of Garmin’s best training tools and recovery features carry down even to the base-level model. That includes training status, training load, training effect, Garmin Coach, Body Battery, stress tracking, a race time predictor and running dynamics analysis (again, an additional accessory is required). Like other Garmin watches, you can enable incident detection, with the caveat that you'll need your smartphone nearby for it to work.It even functions as a perfunctory smartwatch, with smartphone notifications, music playback controls, calendar and weather widgets, and a duo of “find my phone” and “find my watch” features. Although I’ve criticized Garmin’s smartwatch features in the past for feeling like half-baked add-ons, I was still pleasantly surprised to find them on what’s marketed as a running watch for novices.As for the hardware, the watch feels lightweight, at 32 grams for the 39mm model (36g for the 42mm). It’s available in five colors, slightly more than Garmin’s more serious models. The 1.04-inch touchscreen was easy to glance at mid-workout, even in direct sunlight. The battery, which is rated for seven days (or 13 hours in GPS mode) does not need to be charged every day. In fact, if it really is beginners using this, their short trail runs should barely put a dent in the overall capacity. As with the Forerunner 745, my complaint is never with the impressive battery life, just the fact that you have to use a proprietary charging cable.And, while this watch wasn’t made for competitive swimmers, you can use it in the pool without breaking it. The 5 ATM water resistance rating means it can survive the equivalent of 50 meters of water pressure, which surely includes showering and shallow-water activities.For what it’s worth, there is a slightly more expensive model, the Garmin Forerunner 55, which adds respiration rate, menstrual tracking, an updated recovery time advisor and pacing strategies.The best cheap running watch under $100: Amazfit Bip SAmazfitBest under $100Amazfit Bip SThis pick is an inexpensive sports watch from an upstart brand with more features than you’d expect at such a low price.$70 at Amazfit$39 at WalmartPros: Lightweight design; long battery life; accurate GPS tracking; built-in heart rate monitor; water resistant; basic smartwatch features.Cons: Crude user interface; limited support for third-party apps; can’t customize how workout stats are displayed on the screen; pausing workouts feels labored (which is a shame because you’ll be doing it often).I kept my expectations low when I began testing the Bip S. This $70 watch comes from Amazfit, a lesser known brand here in the US that seems to specialize in lower-priced gadgets. Although I didn’t know much about Amazfit or its parent company Huami, I was intrigued by the specs it offered at this price, most notably a built-in heart monitor — not something you typically see in a device this cheap.As you might expect, a device this inexpensive has some trade-offs, and I’ll get to those in a minute. But there’s actually a lot to like. The watch itself is lightweight and water resistant, with a low-power color display that’s easy to read in direct sunlight. That low-power design also means the battery lasts a long time — up to 40 hours on a charge. Perhaps most importantly, it excels in the area that matters most: as a sports watch. In my testing the built-in GPS allowed for accurate distance and pace tracking. If you’re not a runner, or you just prefer a multi-sport life, the watch features nine other modes covering most common activities, including walking, yoga, cycling, pool and open-water swimming and free weights.And did I mention the heart rate monitor? These readings are also seemingly accurate.What you lose by settling for a watch this cheap is mainly the sort of polished user experience you’d get with a device from a tier-one company like Apple or even Garmin (not that Garmin’s app has ever been my favorite either). In my review, I noticed various goofs, including odd grammar and punctuation choices and a confusingly laid-out app.I was also bummed to learn you could barely export your data to any third-party apps, other than Strava and Apple Health. You also can’t customize the way data is displayed on-screen during a workout, while your goals don't auto-adjust the way they might on other platforms. Fortunately, at least, these are all issues that can be addressed after the fact via software updates — hopefully sooner rather than later.

Engadget

The best GPS running watches for 2023

https://finance.yahoo.com/news/best-gps-running-watch-141513957.html

5daa500c-3147-3dc9-8f5e-d508fa140873

GRNQ

The following replaces and corrects the release issued on June 27, 2023:Angkasa-X will provide LEO satellite-based Internet services in ASEAN, an area covering 680 million people […]andAbout Angkasa-X:ANGKASA-X, a multi awards winning global company, is a Technological-social Inclusion Company with a vision of creating a world where connectivity is a basic, affordable necessity for the betterment of mankind. It consists of a group of companies investing in research & development, IP creation, components sourcing, assembly, integration & testing (AIT), launching and maintaining state-of-the-art Low-Earth-Orbit ("LEO") satellites. Our mission is to provide various satellite connectivity and services to the countries in ASEAN and establish ASEAN Space Economy via the formation of two LEO satellites constellations namely A-SEANLINK and A-SEANSAT, with the end goal of eradicating poverty and improving living standards, especially for those living in the remote rural areas.ANGKASA-X's vision is in-line with the United Nation's Sustainable Development Goals ("SDGs") Goal 1: No Poverty; Goal 4: Quality Education; Goal 8: Decent Work and Economic Growth; Goal 9, Industry, Innovation and Infrastructure; and Goal 11: Sustainable Cities and Communities.ANGKASA-X aims to level the playing field by providing the opportunity for better access to internet connectivity by offering Satellite-as-a-Services ("SAAS") to our clients such as telecommunications, government, Internet-service-providers and network companies, which in turn could offer satellite package services to end users and their subscribers.ANGKASA-X is an official member of the International Communication Union ("ITU"), a specialized agency of the United Nations responsible for many matters related to information and communication technologies. ANGKASA-X is also a registered holder of Network Service Provider ("NSP") and Network Facilities Provider ("NFP") licenses from the Malaysian regulator, Malaysian Communications and Multimedia Commission ("MCMC").Story continuesFor more information on the company, please visit www.angkasa-x.comKUALA LUMPUR, MALAYSIA / ACCESSWIRE / June 28, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) Angkasa-X successfully launched its A-SEANSAT-PG1 ("PG1") satellite today from the Vostochny Cosmodrome in Russia, marking its first significant step into the SpaceTech ecosystem.Angkasa-X will provide LEO satellite-based Internet services in ASEAN, an area covering 680 million people. Morgan Stanley estimates that the global space industry could generate revenue of more than $1 trillion or more in 2040, up from $350 billion, currently. Yet, the most significant short- and medium-term opportunities may come from satellite broadband Internet access. These services that are provided by Angkasa-X.Greenpro Capital CEO, Dr. CK Lee said: "We are thrilled with our investment in Angkasa-X, With the successful launch of the satellite this drives our market valuation and changes our underlying shareholder valuation considerably, based on these assumptions we can safely state that the company will only intend on raising additional capital at over $15 dollars a share. We are confident that Angkasa-X will be successful in achieving their goal of becoming the first company in Malaysia to become a "Unicorn" a company valued over a billion dollars".About Angkasa-X:ANGKASA-X, a multi awards winning global company, is a Technological-social Inclusion Company with a vision of creating a world where connectivity is a basic, affordable necessity for the betterment of mankind. It consists of a group of companies investing in research & development, IP creation, components sourcing, assembly, integration & testing (AIT), launching and maintaining state-of-the-art Low-Earth-Orbit ("LEO") satellites. Our mission is to provide various satellite connectivity and services to the countries in ASEAN and establish ASEAN Space Economy via the formation of two LEO satellites constellations namely A-SEANLINK and A-SEANSAT, with the end goal of eradicating poverty and improving living standards, especially for those living in the remote rural areas.ANGKASA-X's vision is in-line with the United Nation's Sustainable Development Goals ("SDGs") Goal 1: No Poverty; Goal 4: Quality Education; Goal 8: Decent Work and Economic Growth; Goal 9, Industry, Innovation and Infrastructure; and Goal 11: Sustainable Cities and Communities.ANGKASA-X aims to level the playing field by providing the opportunity for better access to internet connectivity by offering Satellite-as-a-Services ("SAAS") to our clients such as telecommunications, government, Internet-service-providers and network companies, which in turn could offer satellite package services to end users and their subscribers.ANGKASA-X is an official member of the International Communication Union ("ITU"), a specialized agency of the United Nations responsible for many matters related to information and communication technologies. ANGKASA-X is also a registered holder of Network Service Provider ("NSP") and Network Facilities Provider ("NFP") licenses from the Malaysian regulator, Malaysian Communications and Multimedia Commission ("MCMC").For more information on the company, please visit www.angkasa-x.comAbout Greenpro Capital Corp.Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (NASDAQ:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, and Green-X for STOs, health and wellness as well as 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.For further information regarding the company, please visit http://www.greenprocapital.com.The Green-X exchange can be found at https://www.green-x.io/Forward-Looking StatementsThis press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.GRNQ has 7,875,813 million shares issued and outstanding with a float of 3,831,677 sharesGilbert Loke, CFO, DirectorGreenpro Capital Corp.Email: [email protected]: +852-3111 7718Contact Dennis Burns. Investor Relations.Tel (567) [email protected]: +603-2201 [email protected]: Greenpro Capital Corp.View source version on accesswire.com: https://www.accesswire.com/764214/CORRECTION-FROM-SOURCE-GreenPro-Incubated-Company-Angkasa-X-Successfully-Launched-Malaysian-Satellite-to-Lead-ASEANs-Space-Economy

ACCESSWIRE

CORRECTION FROM SOURCE: GreenPro Incubated Company Angkasa-X Successfully Launched Malaysian Satellite to Lead ASEAN's Space Economy

https://finance.yahoo.com/news/correction-source-greenpro-incubated-company-115000176.html

33f9c6a3-5379-3f05-8a46-b3d2db6a9c67

GRNQ

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / August 3, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that its incubator company Angkasa-X, subsequent to its recent successful launch of A-SEANSAT-PG1 ("PG1") LEO satellite on June 27, 2023, has obtained F-1 Notice of Effectiveness from the U.S. SEC on August 2, 2023 with IPO price at $2.00 per share.Greenpro Capital currently holds 28,000,000 shares in Angkasa-X. Angkasa-X was awarded the Space Technology Innovator under Special Recognition Award during PIKOM's Unicorn Tech Awards Night held on July 27, 2023 in Kuala Lumpur, Malaysia. This award honors organizations that have played a pivotal role in the development of the tech sector and are recognized for their contributions, achievements, or breakthroughs in the fields.Angkasa-X will provide LEO satellite-based Internet services in ASEAN, an area covering 680 million people. Morgan Stanley estimates that the global space industry could generate revenue of more than $1 trillion or more in 2040, up from $350 billion, currently. Yet, the most significant short and medium-term opportunities may come from satellite broadband Internet access, which will be provided by Angkasa-X.Greenpro CEO, Dr. CK Lee said, " Angkasa-X is another example of one of our successful incubation companies, and we are proud that Angkasa-X is set to become a SpaceTech Unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the 680 million Southeast Asia mass populations."About Angkasa-X:ANGKASA-X, a multi awards winning global company, is a Technological-social Inclusion Company with a vision of creating a world where connectivity is a basic, affordable necessity for the betterment of mankind. It consists of a group of companies investing in research & development, IP creation, components sourcing, assembly, integration & testing (AIT), launching and maintaining state-of-the-art Low-Earth-Orbit ("LEO") satellites. Our mission is to provide various satellite connectivity and services to the countries in ASEAN and establish ASEAN Space Economy via the formation of two LEO satellites constellations namely A-SEANLINK and A-SEANSAT, with the end goal of eradicating poverty and improving living standards, especially for those living in the remote rural areas.ANGKASA-X's vision is in-line with the United Nation's Sustainable Development Goals ("SDGs") Goal 1: No Poverty; Goal 4: Quality Education; Goal 8: Decent Work and Economic Growth; Goal 9, Industry, Innovation and Infrastructure; and Goal 11: Sustainable Cities and Communities.ANGKASA-X aims to level the playing field by providing the opportunity for better access to internet connectivity by offering Satellite-as-a-Services ("SAAS") to our clients such as telecommunications, government, Internet-service-providers and network companies, which in turn could offer satellite package services to end users and their subscribers.ANGKASA-X is an official member of the International Communication Union ("ITU"), a specialized agency of the United Nations responsible for many matters related to information and communication technologies. ANGKASA-X is also a registered holder of Network Service Provider ("NSP") and Network Facilities Provider ("NFP") licenses from the Malaysian regulator, Malaysian Communications and Multimedia Commission ("MCMC").For more information on the company, please visit www.angkasa-x.comAbout Greenpro Capital Corp.Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (NASDAQ:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, and Green-X for STOs, health and wellness as well as 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.For further information regarding the company, please visit http://www.greenprocapital.com.The Green-X exchange can be found at https://www.green-x.io/Forward-Looking StatementsThis press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.GRNQ has 7,875,813 million shares issued and outstanding with a float of 3,831,677 shares.Gilbert Loke, CFO, DirectorGreenpro Capital Corp.Email: [email protected]: +852-3111 7718Contact Dennis Burns. Investor Relations.Tel (567) [email protected]: +603-2201 [email protected]: Greenpro Capital Corp.Greenpro Capital Corp., Thursday, August 3, 2023, Press release pictureView source version on accesswire.com: https://www.accesswire.com/772063/greenpros-incubation-company-angkasa-x-obtains-f-1-effectiveness-from-sec-for-the-ipo-in-us-capital-markets

ACCESSWIRE

Greenpro's Incubation Company, Angkasa-X Obtains F-1 Effectiveness from SEC for the IPO in U.S. Capital Markets

https://finance.yahoo.com/news/greenpros-incubation-company-angkasa-x-130000915.html

2eb819bf-594f-380e-ab28-32259a1e7543

GRTX

Galera Therapeutics, Inc. (GRTX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.Therefore, the Zacks rating upgrade for Galera Therapeutics, Inc. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Galera Therapeutics, Inc. imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Story continuesHarnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for Galera Therapeutics, Inc.This company is expected to earn -$1.67 per share for the fiscal year ending December 2023, which represents a year-over-year change of 27.4%.Analysts have been steadily raising their estimates for Galera Therapeutics, Inc. Over the past three months, the Zacks Consensus Estimate for the company has increased 16.7%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Galera Therapeutics, Inc. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportGalera Therapeutics, Inc. (GRTX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

All You Need to Know About Galera Therapeutics, Inc. (GRTX) Rating Upgrade to Buy

https://finance.yahoo.com/news/know-galera-therapeutics-inc-grtx-160007244.html

a7c1b7ea-8fd6-32ca-b546-3789a86f0fa5

GRTX

Galera TherapeuticsMALVERN, Pa., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Galera Therapeutics, Inc. (Nasdaq: GRTX), a clinical-stage biopharmaceutical company focused on developing and commercializing a pipeline of novel, proprietary therapeutics that have the potential to transform radiotherapy in cancer, today announced that Mel Sorensen, M.D., President and Chief Executive Officer, will participate in a fireside chat at the H.C. Wainwright 25th Annual Global Investment Conference on Monday, September 11, 2023, at 4:30 p.m. E.T.A live webcast of the event will be accessible from the Investors page of Galera’s website, investors.galeratx.com. An archived version of the webcast will be available in the Events & Presentations section of the Investors page of Galera’s website for 30 days following the event.About Galera TherapeuticsGalera Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing and commercializing a pipeline of novel, proprietary therapeutic candidates that have the potential to transform radiotherapy in cancer. Galera’s selective dismutase mimetic product candidate avasopasem manganese (avasopasem) is being developed for radiation-induced toxicities. The FDA has granted Fast Track and Breakthrough Therapy designations to avasopasem for the reduction of severe oral mucositis induced by radiotherapy. The Company’s second product candidate, rucosopasem manganese (rucosopasem), is in clinical-stage development to augment the anti-cancer efficacy of stereotactic body radiation therapy in patients with non-small cell lung cancer and locally advanced pancreatic cancer. Rucosopasem was granted Orphan Drug Designation by the FDA for the treatment of pancreatic cancer. Galera is headquartered in Malvern, PA.Investor Contacts:Christopher DegnanGalera Therapeutics, [email protected] WindhamSolebury Strategic [email protected] Contact:Timothy BibaSolebury Strategic [email protected]

GlobeNewswire

Galera to Participate in the H.C. Wainwright 25th Annual Global Investment Conference

https://finance.yahoo.com/news/galera-participate-h-c-wainwright-110000791.html

e4d6989c-985b-3fe5-a931-569ea8b694b0

GS

Goldman Sachs BDC (GSBD) closed the most recent trading day at $14.44, moving +0.84% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.14%. Meanwhile, the Dow gained 0.22%, and the Nasdaq, a tech-heavy index, added 0.09%.Prior to today's trading, shares of the specialty finance company had lost 1.24% over the past month. This has was narrower than the Finance sector's loss of 4.09% and the S&P 500's loss of 1.27% in that time.Goldman Sachs BDC will be looking to display strength as it nears its next earnings release. In that report, analysts expect Goldman Sachs BDC to post earnings of $0.57 per share. This would mark year-over-year growth of 1.79%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $113.62 million, up 19.32% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $2.18 per share and revenue of $447.16 million, which would represent changes of -2.68% and +25.09%, respectively, from the prior year.Any recent changes to analyst estimates for Goldman Sachs BDC should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Goldman Sachs BDC is currently a Zacks Rank #2 (Buy).Valuation is also important, so investors should note that Goldman Sachs BDC has a Forward P/E ratio of 6.56 right now. This valuation marks a discount compared to its industry's average Forward P/E of 7.23.Story continuesThe Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportGoldman Sachs BDC, Inc. (GSBD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Goldman Sachs BDC (GSBD) Outpaces Stock Market Gains: What You Should Know

https://finance.yahoo.com/news/goldman-sachs-bdc-gsbd-outpaces-220019609.html

9fda3563-f6c2-356d-a97c-55ee01be2cf3

GS

In this article, we will be taking a look at Goldman Sachs' China stocks: top 10 stock picks. To skip our detailed analysis of Chinese market dynamics today, you can go directly to see Goldman Sachs China Stocks: Top 5 Stock Picks.US-China RivalryChinese companies and news have managed to remain a top interest for American governments, businesses, and investors for a long time now because of the ongoing US-China tensions when it comes to competing in the global market. The US-China trade war has continued for years now, with both countries imposing tariffs and other trade restrictions on each other. For example, the US and China both imposed heavy tariffs on each other in 2018 and 2019, which some consider to be the move that kickstarted the major trade conflict between the two. Because of these heightened tensions, companies even today are having to struggle for key positions in the Chinese market, which otherwise has proven itself to be a lucrative opportunity. On September 8, Dewardric McNeal, the managing director at Longview Global, joined CNBC's 'Fast Money' to discuss this conundrum and the status of US-China market tensions today. Here's what he had to say on the matter:"The real question is: have we entered an excludatory, retaliatory, tit-for-tat cycle like we saw during the trade war. If we have, and it's possible that we have, then there are some sectors, some companies, that I think will have some challenges. I think in aviation, Boeing - I think China an alternative in their mind. They're happy to play airbus off of Boeing. They also have a domestic brand, the Comac C919, or the C929 as well, so they think they have an alternative there. Automobiles, look, Tesla, we've been talking about this for quite some time, GM, possibly, are at risk with BYD."McNeal went on to discuss how Chinese companies seem to be posing a significant threat to American companies in select sectors today because of their progress, development, and growth in several markets, including the American and European markets. He believes that companies need to get into a "competition mindset" if they wish to beat Chinese competitors at this game because the Chinese "have their own widgets" which they want to sell in both the Chinese market and in third markets across the globe.Story continuesApple vs. HuaweiThese developments should not come as a surprise for those who have been keeping track of China's economic and trade developments over the past few years. The country is dedicated to its internal development so that it is able to become reliant on itself instead of its Western competitors, according to McLean. China is also proving its worth in the tech space, particularly with the battle between Apple Inc (NASDAQ:AAPL) and Huawei, since the latter's release of a 5G smartphone that some think can rival the big tech giant's iPhone in performance while also being significantly cheaper. Here's what McLean said on this front:"This Mate 60 is, I think, an impressive phone. I think it surprised Washington for sure, but it's seven nanometers. Apple, in a couple of days here, will debut their 15 pro. That's a three nanometer chip. So, you know, there's still a lot of room here between seven nanometers and three nanometers. But the Chinese are very comfortable that they don't have to be the best, they just have to be good enough to dominate their market."Considering the China expert's take on this matter, it becomes evident that while the US may still be considered to be in the lead, China is catching up fast. Even if it doesn't catch up, its goal at this point is merely to establish market dominance by providing alternatives to American products that are either better in performance or in pricing. As a result of this, many investors are gaining a deeper interest in several Chinese companies, and Goldman Sachs is no exception to this. The institutional investor owns several Chinese stocks, including  Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc. (NASDAQ:BIDU), and JD.Com, Inc. (NASDAQ:JD). We have thus compiled a list of their Chinese holdings to show investors which companies can be considered to be some of the top China stocks to buy today or the best Chinese stocks to buy in 2023.Goldman Sachs China StocksGongTo / Shutterstock.comOur MethodologyWe took a look at Goldman Sachs' second quarter 13F holdings to find their top 10 Chinese stock holdings for that quarter. They are ranked based on the institutional investor's stake value in the company, from the lowest to the highest value. We also mentioned hedge fund information for each stock by using Insider Monkey's hedge fund data for the second quarter.Goldman Sachs China Stocks: Top Stock Picks10. XPeng Inc. (NYSE:XPEV)Goldman Sachs' Q2 Stake Value: $70.1 millionNumber of Hedge Fund Holders: 17On August 21, Ming Hsun Lee, an analyst at Bank of America Securities, upgraded shares of XPeng Inc. (NYSE:XPEV) from Neutral to Buy. The analyst also raised the firm's price target on the stock from $16.30 to $22.XPeng Inc. (NYSE:XPEV) is an automobile manufacturing company that specializes in manufacturing and marketing smart electric vehicles (EVs) in China. The company's cars include SUVs under the G3, G3i, and G9 names, four-door sports sedans under the P7 and P7i names, and family sedans under the P5 name. It is based in Guangzhou.XPeng Inc. (NYSE:XPEV) was spotted in the 13F holdings of 17 hedge funds at the end of the second quarter. Their total stake value in the company was $131.8 million.Like Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc. (NASDAQ:BIDU), and JD.Com, Inc. (NASDAQ:JD), XPeng Inc. (NYSE:XPEV) is a Chinese stock Goldman Sachs has heavily invested in.9. Baidu, Inc. (NASDAQ:BIDU)Goldman Sachs' Q2 Stake Value: $99.4 millionNumber of Hedge Fund Holders: 36Baidu, Inc. (NASDAQ:BIDU) is an interactive media and services company that offers internet search services in China. The company is based in Beijing, and it operates through its Baidu Core and iQIYI segments. It offers the Baidu App to access search, feed, and other services on mobile devices, Baidu Search to access its search and other services, Baidu Feed to provide personalized timelines based on user demographics and interests, and Haokan, a short video app.Our hedge fund data for the second quarter shows 36 hedge funds holding stakes in Baidu, Inc. (NASDAQ:BIDU), with a total stake value of $1.8 billion.As of August 29, Rob Sanderson, an analyst at Loop Capital, maintains a Buy rating on shares of Baidu, Inc. (NASDAQ:BIDU). The analyst also placed a price target of $190 on the stock.Ariel Investments was the most prominent shareholder in Baidu, Inc. (NASDAQ:BIDU) at the end of the second quarter, holding 2.8 million shares in the company.8. JD.Com, Inc. (NASDAQ:JD)Goldman Sachs' Q2 Stake Value: $107.4 millionNumber of Hedge Fund Holders: 64Holding 21.1 million shares in the company, Tiger Global Management LLC was the most prominent shareholder in JD.Com, Inc. (NASDAQ:JD) at the end of the second quarter.JD.Com, Inc. (NASDAQ:JD) is a broad-line retail company providing supply chain-based technologies and services in China. The company is based in Beijing. It offers computers, communication, and consumer electronics products alongside home appliances and general merchandise products such as food, beverage, and fresh produce, baby and maternity products, and furniture and household goods, among more.A Buy rating was maintained on shares of JD.Com, Inc. (NASDAQ:JD) on August 17 by Alicia Yap, an analyst at Citigroup. The analyst also placed a $64 price target on the stock.A total of 64 hedge funds held stakes in JD.Com, Inc. (NASDAQ:JD) in the second quarter. Their total stake value in the company was $2 billion.The following is what Baron Funds had to say about JD.Com, Inc. (NASDAQ:JD) in its first-quarter 2023 investor letter:“JD.com, Inc. (NASDAQ:JD) is one of the three largest e-commerce platforms in China. Shares declined after the company reported a slowdown in fourth quarter sales and commented that deliberate culling of unprofitable SKUs would also be a drag on headline revenue growth in the first half of 2023. We believe the slowdown was driven by the peak in Chinese COVID lockdowns, which have since ended, and the elimination or reduction of unprofitable business is better for long-term margins and returns on capital. We remain investors.”7. NIO Inc. (NYSE:NIO)Goldman Sachs' Q2 Stake Value: $153.1 millionNumber of Hedge Fund Holders: 19NIO Inc. (NYSE:NIO) was seen in the portfolios of 19 hedge funds in the second quarter, with a total stake value of $120.5 million.NIO Inc. (NYSE:NIO) is another automobile manufacturing company on our list. It also designs and develops smart electric vehicles for sale in China. The company's cars include five and six-seater electric SUVs and smart electric sedans. It also offers power solutions and is based in Shanghai.Vijay Rakesh, an analyst at Mizuho, maintains a Buy rating on shares of NIO Inc. (NYSE:NIO) as of August 30. The analyst also placed a price target of $18 on the stock.Soros Fund Management was the largest shareholder in NIO Inc. (NYSE:NIO) at the end of the second quarter, holding 115.3 million shares in the company.6. Trip.com Group Limited (NASDAQ:TCOM)Goldman Sachs' Q2 Stake Value: $157.3 millionNumber of Hedge Fund Holders: 44Trip.com Group Limited (NASDAQ:TCOM) is a consumer discretionary company operating in the hotels, resorts, and cruise lines industry. The company operates as a travel service provider for accommodation reservations, transportation ticketing, packaged tours, and in-destination corporate travel management. It is based in Shanghai.At the end of the second quarter, we saw 44 hedge funds holding stakes in Trip.com Group Limited (NASDAQ:TCOM). Their total stake value in the company was $1.3 billion.Fawne Jiang, an analyst at Benchmark, reiterated a Buy rating on shares of Trip.com Group Limited (NASDAQ:TCOM) on July 12. The analyst also maintained a price target of $55 on the stock.Artisan Partners made the following comments about Trip.com Group Limited (NASDAQ:TCOM) in its fourth-quarter 2022 investor letter:“Trip.com Group Limited (NASDAQ:TCOM), a Chinese online travel agency, was the second-largest contributor to return in 2022. Trip.com is the dominant supplier of online travel reservations and is expected to benefit from China’s loosening COVID-19 restrictions on both domestic and international travel. Management of Trip.com has wisely spent the COVID-19 lockdown period reinforcing and improving the company’s market position and reducing unnecessary costs. We expect earnings to boom over the next year as travel picks up. Other investors appeared to agree, pushing the share price up 42% in 2022.”Like Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc. (NASDAQ:BIDU), and JD.Com, Inc. (NASDAQ:JD), Trip.com Group Limited (NASDAQ:TCOM) is a Chinese stock that is highly popular among many investors, including Goldman Sachs. Click to continue reading and see Goldman Sachs China Stocks: Top 5 Stock Picks. Suggested articles:Ray Dalio’s China Stocks10 Biggest Real Estate Companies in ChinaGoldman Sachs Dividend Stocks: Top 12 Stock PicksDisclosure: None. Goldman Sachs China Stocks: Top 10 Stock Picks is originally published on Insider Monkey.

Insider Monkey

Goldman Sachs China Stocks: Top 10 Stock Picks

https://finance.yahoo.com/news/goldman-sachs-china-stocks-top-200254092.html

84bb2c73-ef09-3813-8a51-7f16f0e2c589

GSBC

Great Southern Bancorp, Inc. (NASDAQ:GSBC) Q2 2023 Earnings Call Transcript July 20, 2023Operator: Good day, and thank you for standing by. Welcome to the Great Southern Bancorp Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Kelly Polonus with Great Southern. Please go ahead.Kelly Polonus: Thank you, Victor. Good afternoon, and thank you for joining us for our second quarter 2023 earnings call. This is Kelly Polonus, Investor Relations for Great Southern. The purpose of this call is to discuss the Company's results for the quarter ending June 30, 2023. Before we begin, I need to remind you that during the course of this call, we may make forward-looking statements about future events and future financial performance. These statements are subject to a number of factors that could cause actual results to differ materially from the results anticipated or projected. For a list of some of these factors, please see the forward-looking statements disclosure in our second quarter earnings release and other public filings. President and CEO, Joe Turner; and Chief Financial Officer, Rex Copeland, are on the call with me. I'll now turn the meeting over to Joe Turner.Joseph Turner: All right. Thanks, Kelly. Good afternoon to everybody. Thank you for joining us for our second quarter earnings call. Our second quarter performance was solid as we continue to navigate through a pretty challenging operating environment. Thanks to the hard work of our team, we earned $1.52 per common share or $18.3 million compared to $1.44 and $18.2 million during the second quarter 2022. Our earnings performance ratios were also good with annualized ROA of 1.28%, and annualized return on average equity of 13.11%. We had mentioned on our last call some anticipated headwinds that we would face in the second quarter related to net interest margin. Net interest margin did decline to 3.56% for the second quarter compared to 3.78% for the same period in 2022 and 3.99% for the first quarter in 2023.Story continuesI know Rex is going to talk quite a bit more about that as well as deposit costs, and I may chime in a little bit on that, too. Also of note, we had ongoing significant professional fee expense totaling $1 million related to training and implementation cost of our upcoming core conversion. Liquidity and capital continue to be very strong. Our liquidity position was strong in the first quarter and got stronger actually in the second quarter. At the end of June 2023, our available secured funding lines through the Home Loan Bank and the Federal Reserve and on-balance sheet liquidity work totaled approximately $2.4 billion. As we noted last quarter, our company's deposit base is pretty diverse. We have about 14% uninsured deposits about $658 million.So over 3x coverage between on and off balance sheet liquidity compared to that uninsured deposit number. While we had a runoff of about $72 million in non-interest-bearing checking balances in the first quarter. From start to end, non-interest-bearing checking balances were fairly stable in the second quarter, being down just $11 million. Our total stockholders' equity increased by $13 million from the end of 2022, but we decreased a bit from March, and that had to do with a little bit worse AOCI marks for March as a result of interest rates going up. Of course, we continue to be substantially above well-capitalized thresholds and our tangible common equity ratio is now at 9.4%. In the second quarter, we did declare a $0.40 per share common dividend.In addition, we repurchased 170,200 shares at an average price of $50.70 per share. At June 30, we have 900,000 shares approximately remaining on our stock repurchase authorization. During the second quarter, new loan production, general activity was down compared to 2022, really pretty consistent with what we saw in the first quarter of 2023. Total outstanding loan balances grew modestly during the first six months of the year, up about $10 million. Growth came primarily in the multi-family segment, and it was really construction loans, being completed and when they are completed, they move into multi-family. So the offset from the multi-family growth was the reduction in construction and commercial real estate. Our pipeline of commitments in unfunded lines is – it declined a bit from the end of the first quarter, but it's still relatively strong at $1.6 billion, and that includes about $1.1 billion of unfunded construction loans.For more information about our loan portfolio, I'd remind you of our quarterly loan portfolio presentation. Hopefully, you've had a chance to download that and review it. Asset quality. Overall asset quality metrics remained very strong during the quarter. Non-performing assets, the period-end assets were 20 basis points at June 30, 2023. That was an increase of about 15 basis points. That's one project, an office project – the Missouri office project, that moved on to the non-performing list. But we feel very good about the status of our loan portfolio and the quality of our credit. That concludes my prepared remarks. I'll turn the call over to Rex at this time.Money, Client, BankPhoto by Adeniji Abdullahi A on UnsplashRex Copeland: Thank you, Joe. I'll start off with, as Joe said, net interest income and margin, some commentary there. So net interest income for the second quarter decreased by about $693,000 to $48.1 million compared to $48.8 million in the second quarter of 2022. Net interest income was $53.2 million in the first quarter of this year. So we did have a decrease of about $5 million in the second quarter compared to the first quarter of this year. Just kind of looking at some of the items that made up that change between Q1 and Q2, interest expense increased by about $2.5 million on interest-bearing demand and savings accounts increased about $1.8 million on time deposits, and those are our retail time deposits, and then increased about $2.8 million on brokered deposits.So the increase in interest expense on those interest-bearing demand and savings accounts and time deposits was primarily due to higher market rates. The weighted average interest rate on interest-bearing demand and savings increased 44 basis points, while the weighted average interest rate on time deposits increased by about 78 basis points, and those are comparing Q2 to Q1 this year. The increase in interest expense for the broker deposits was really due both to an increase in average balances also coupled with a 44 basis point increase in the average interest rate on those. And then interest income on loans increased $2 million. So that partially offset some of the funding cost increases compared to the first quarter. But interest income on the loans were also reduced a little bit by $1.7 million in the second quarter by those initial net settlement on two interest rate swaps that we had put in place several months ago, nine or 12 months ago with forward start dates and in May of this year is when those kicked in to start in that settlement.So kind of working our way back through that a little bit further discussion. So the higher funding cost on those interest-bearing checking and savings accounts resulted from competition for those deposits and the higher market rates I mentioned. And then there was also some mix shift from non-interest-bearing and very low rate accounts to higher rate accounts. We currently don't really expect that we are going to see significant rate increases necessarily in those product types that we could be impacted by competitor rates and also further shifting of deposit mix. Higher funding costs on time deposits were significantly caused by a substantial amount of time deposits that matured at relatively low rates in the second quarter. We had put a lot of these deposits on several months ago, a few quarters ago, actually, and there was quite a bit that matured here in the second quarter.So the time deposit maturities in that second quarter were about $511 million with a weighted average rate – at maturity at 2.08%. So when we renewed these at higher rates or they left the company in turn that required the replacement with other funding sources at the then current market rates. So a lot of that stuff would have been replaced that 4% plus kind of rate. And if they had to go over to brokered or Home Loan Bank advances to backfill that those are going to be like 5% type rates. In the third quarter of this year, the time deposit maturities in this category are much less at $188 million with a weighted average rate of 2.36%. So again, we do expect renewal rates will probably be at or above 4% for those CDs that we are able to keep and renew to a new maturity.Besides the higher funding cost of deposits, net interest income was also negatively affected by the interest rate swaps, which I mentioned before, at $1.7 million in the second quarter. Based on where the interest rates were at June 30, and I don't think they've changed a whole lot since then to date, we expect the negative impact on all of the swaps, both current ones and ones that we've terminated to be about $3 million in the third quarter, there'll be a reduction of interest income in Q3. As Joe mentioned earlier, the net interest margin was 3.56% in the second quarter, that was down a little bit from 3.78% in the second quarter last year. And then also down from 43 basis points from 3.99% in the first quarter of 2023. And you may recall, we were – I believe our net interest margin was 3.99% in the fourth quarter of last year, we were able to maintain that in the first quarter of this year.But then as I just pointed out and listed a few things that happened in the second quarter that drove the margin down. Liquidity and deposits, Joe mentioned at a high level liquidity. We've got some more detailed information of what makes up that $2.4 billion of on-balance sheet and off-balance sheet funding we have. Home Loan Bank line availability is about $1.2 million, Federal Reserve Banks about $410 million, and then we've got securities of around $580 million that are not pledged anywhere and cash and cash equivalents of a couple of hundred million dollars. So we do have what we believe to be significant sources of liquidity to cover anything that would come our way from a funding standpoint. Deposits in the three months ended June 30, total deposits increased by about $25 million.Broker deposits were up $133 million in that time frame. Our time deposits that we generate through our retail banking sources was down about $50 million, and then Internet channels was down about $7 million. So interest-bearing checking balances decreased $40 million, about 1.8%, and then non-interest-bearing checking balances decreased $11 million, which is about 1.1%. As Joe mentioned, we do have a pretty low level of uninsured deposits, about 14% of our deposit total of $4.8 billion. Just to give you a little bit more granular information that $4.8 billion is broken down with $670 million approximately of brokered deposits of various types and then $4.2 billion are more core deposits of non-interest-bearing, interest-bearing checking and savings and retail time deposits.And that's spread over about 224,000 accounts. Non-interest income was a decrease of about $1.5 million compared to the year-ago second quarter. Much of that was related into other income. We did have some assets that we sold in the second quarter of last year for about a $1.1 million gain. We didn't have that replicated in the second quarter this year. And in point-of-sale and ATM fees were down about $325,000 compared to the prior year second quarter. That decrease is really kind of mostly made up of the fact that transactions are being now routed through some different channels that provide lower fees to us. There's been some changes in how merchants can route things and we've got to provide at least a couple of channels for them to do that.And so the merchants can choose which rails they want to send those through. Non-interest expense was up $1.7 million compared to the second quarter last year. Legal audit and professional fees increased about $451,000 from the prior year. Joe mentioned earlier, some costs related to professional fees around our core system conversion. Occupancy expenses increased about $600,000 from the prior year quarter. There were some various components of computer license and support, about $180,000 there, and then there were some various repairs and maintenance to a variety of buildings and grounds and equipment and things like that. That was about $446,000 more in this year period versus last year. And then finally, insurance – our FDI insurance premium – FDIC insurance premiums increased this year compared to the previous year quarter.The FDIC had announced this last year that they were going to raise insurance premium rates. And so we had about 223,000 more in expense related to insurance second quarter this year versus second quarter last year. The efficiency ratio for this year's second quarter was 62.10%, that compared to 56.76% in the second quarter last year. And I would also say comparing non-interest income and non-interest expense levels in the second quarter this year compared to the first quarter of this year, they were only slightly changed when you compare that to the first quarter. Provision for credit losses, as Joe mentioned, a little bit about our credit quality earlier. We did not have any provision expense on our outstanding loan portfolio in the second quarter.We did have negative provision in the second quarter related to unfunded commitments. The level of those commitments went down, as Joe mentioned earlier. And last year, we did have $2.2 million of provision expense related to the unfunded commitments in the second quarter. Our charge-offs were about $135,000 in the second quarter of this year, so pretty minimal charge-off amounts. And then the allowance for credit losses as a percentage of total loans was 1.41% at June 30. Income taxes. The effective tax rate for the quarter was 19.7%, and it was 20.5% in the second quarter last year. Year-to-date, I think our effective rate was little high in that 20.5% type range. So there's – again, we do utilize certain kind of investment tax credits and some tax investments and loans, which brings our rate down a little bit.But then there is some state tax requirements that we have where we have to file in various states, and there are some expenses related to that that bring the effective rate back up a bit. We think going forward, where we stand right now that the effective tax rate is going to be somewhere in the 20.0% to 21.5% range here in the next future periods. And then I'll mention one last item in the capital section. Joe talked about some of our capital earlier, and we did discover a typo and one of the bullet points on Page 1. The company’s – the holding company's common equity Tier 1 capital ratio on that page and the bullet points on Page 1 was shown as 10.4%. The ratio actually is 11.4%. That was shown on Page 7. So 11.4% is the correct number.There was just a typographical error on that first page as we pull that number over. So that concludes our prepared remarks. And at this time, we can entertain questions. And I'll ask our operator to once again remind those on the call how to queue in for questions.See also 20 Countries With Highest Rate Of Down Syndrome and 25 Poorest States in America.To continue reading the Q&A session, please click here.

Insider Monkey

Great Southern Bancorp, Inc. (NASDAQ:GSBC) Q2 2023 Earnings Call Transcript

https://finance.yahoo.com/news/great-southern-bancorp-inc-nasdaq-105412411.html

ee3e8749-4c65-3974-8ca0-8230313f4d39

GSBC

Great Southern Bancorp, Inc.SPRINGFIELD, Mo., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Great Southern Bancorp, Inc. (NASDAQ:GSBC), the holding company for Great Southern Bank, expects to report third quarter 2023 preliminary earnings after the market closes on Wednesday, October 18, 2023, and host a conference call on Thursday, October 19, 2023, at 2:00 p.m. Central Time (3:00 p.m. Eastern Time).The call will be available live or later in a recorded version at the Company’s Investor Relations website, https://investors.greatsouthernbank.com.Participants may register for the call here. While not required, it is recommended that participants join 10 minutes prior to the event start. Instructions are provided to ensure the necessary audio applications are downloaded and installed. Users can obtain these programs at no cost.The Company will notify the public that third quarter 2023 results have been issued through a news release and will post the results to the Company’s Investor Relations website. The earnings release will also be available on the Securities and Exchange Commission’s (SEC) website, www.sec.gov, as an exhibit to a Current Report on Form 8-K that will be furnished by the Company to the SEC.With total assets of $5.7 billion, Great Southern offers a broad range of banking services to commercial and consumer customers. Headquartered in Springfield, Missouri, the Company operates 90 retail banking centers in Missouri, Iowa, Kansas, Minnesota, Arkansas and Nebraska, and commercial loan production offices in Atlanta; Charlotte, North Carolina; Chicago; Dallas; Denver; Omaha, Nebraska; Phoenix and Tulsa, Oklahoma. Great Southern Bancorp is a public company and its common stock (ticker: GSBC) is listed on the NASDAQ Global Select Market.www.GreatSouthernBank.comCONTACT: Reporters May Contact: Kelly Polonus, Great Southern Bank, 417-895-5242 [email protected]

GlobeNewswire

Great Southern Bancorp, Inc. Announces Third Quarter 2023 Preliminary Earnings Release Date and Conference Call

https://finance.yahoo.com/news/great-southern-bancorp-inc-announces-194800214.html

4d8b1881-e87d-3379-92e5-9e8f76c3d55b

GSIT

GSI Technology, Inc.SUNNYVALE, Calif., Aug. 15, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced that it will participate in the 4th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference. Douglas Schirle, Chief Financial Officer, and Didier Lasserre, Vice President of Sales and Investor Relations, will host virtual meetings on Tuesday, August 22, 2023. For more information about the event or to schedule a virtual meeting with the Company, please contact your Needham representative.ABOUT GSI TECHNOLOGYFounded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions. The Company recently launched radiation-hardened memory products for extreme environments in space and the Gemini® Associative Processing Unit (APU). This memory-centric design delivers significant performance advantages for diverse AI applications. The Gemini APU architecture removes the I/O bottleneck between the processors and memory arrays by performing massive parallel searches directly in the memory array where data is stored. The novel architecture delivers performance-over-power ratio improvements compared to CPU, GPU, and DRAM for applications like image detection, speech recognition, e-commerce recommendation systems, and more. Gemini is an ideal solution for edge applications with a scalable format, small footprint, and low power consumption where rapid, accurate responses are critical. For more information, please visit www.gsitechnology.com.Contacts:Investor RelationsHayden IRKim [email protected] RelationsFinn Partners for GSI TechnologyRicca Silverio(415) [email protected] Technology, Inc.Douglas M. SchirleChief Financial Officer408-331-9802

GlobeNewswire

GSI Technology to Participate in the 4th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference

https://finance.yahoo.com/news/gsi-technology-participate-4th-annual-175400845.html

a651f4a1-8a51-3161-b236-071f6f037a6f

GSIT

GSI Technology, Inc.SUNNYVALE, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), developer of the Gemini® Associative Processing Unit (APU) for AI and high-performance parallel computing (HPPC) and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets, today announced that Didier Lasserre, Vice President of Sales and Investor Relations will participate in the 16th Annual “Main Event” Conference to be held on October 3 – 5, 2023 at the Luxe Sunset Boulevard Hotel in Los Angeles.Mr. Lasserre will host a group presentation on Tuesday, October 3 at 3:00-3:25 PM PST in Track 4 and hold one-on-one meetings on Tuesday, October 3 and Wednesday, October 4.For more information about registering or to schedule a meeting with the Company, please visit the LD Micro conference website https://www.meetmax.com/sched/event_98269/conference_home.html.ABOUT GSI TECHNOLOGYFounded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions. The Company recently launched radiation-hardened memory products for extreme environments in space and the Gemini® Associative Processing Unit (APU). This memory-centric design delivers significant performance advantages for diverse AI applications. The Gemini APU architecture removes the I/O bottleneck between the processors and memory arrays by performing massive parallel searches directly in the memory array where data is stored. The novel architecture delivers performance-over-power ratio improvements compared to CPU, GPU, and DRAM for applications like image detection, speech recognition, e-commerce recommendation systems, and more. Gemini is an ideal solution for edge applications with a scalable format, small footprint, and low power consumption where rapid, accurate responses are critical. For more information, please visit www.gsitechnology.com.Contacts:Investor RelationsHayden IRKim [email protected] continuesMedia RelationsFinn Partners for GSI TechnologyRicca Silverio(415) [email protected] Technology, Inc.Douglas M. SchirleChief Financial Officer408-331-9802

GlobeNewswire

GSI Technology to Participate in 16th Annual "Main Event" Conference

https://finance.yahoo.com/news/gsi-technology-participate-16th-annual-130000206.html

9e54c121-43ef-3398-91c5-75adbda94d45

GTHX

G1 TherapeuticsRESEARCH TRIANGLE PARK, N.C., Sept. 01, 2023 (GLOBE NEWSWIRE) -- G1 Therapeutics, Inc. (Nasdaq: GTHX), a commercial-stage oncology company, today announced the grant of inducement stock options exercisable for 6,800 shares of G1’s common stock and 3,300 restricted stock units (RSUs) to two hired employees under the Amended and Restated G1 Therapeutics, Inc. 2021 Inducement Equity Incentive Plan (the “Amended and Restated 2021 Plan”). These equity awards were granted as an inducement material to the new employee becoming an employee of G1 in accordance with Nasdaq Listing Rule 5635(c)(4).The Amended and Restated 2021 Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of G1 (or following a bona fide period of non-employment), as an inducement material to such individual’s entering into employment with G1, pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.The stock options are exercisable at a price of $1.70 per share, the closing price of G1’s common stock on September 1, 2023, the grant date. The stock options have up to a ten-year term and vest over four years, with 25% of the award vesting on the first anniversary of the employee’s employment, and as to an additional 1/48th of the shares monthly thereafter, subject to continued service through the applicable vesting dates (subject to the terms and conditions of the stock option agreement covering the grant). The RSUs have a four-year term, with 25% of the award vesting on the first anniversary of the grant date, and the remainder vesting 12.5% semi-annually over the remaining three years, subject to continued service through the applicable vesting dates (subject to the terms and conditions of the RSU agreement covering the grant). The stock options and RSUs are subject to the terms and conditions of the Amended and Restated 2021 Plan.About G1 TherapeuticsG1 Therapeutics, Inc. is a commercial-stage biopharmaceutical company focused on the development and commercialization of next generation therapies that improve the lives of those affected by cancer, including the Company’s first commercial product, COSELA® (trilaciclib). G1 has a deep clinical pipeline and is executing a development plan evaluating trilaciclib in a variety of solid tumors, including breast, lung, and bladder cancers. G1 Therapeutics is based in Research Triangle Park, N.C. For additional information, please visit www.g1therapeutics.com and follow us on Twitter @G1Therapeutics.Story continuesG1 Therapeutics® and the G1 Therapeutics logo and COSELA® and the COSELA logo are trademarks of G1 Therapeutics, Inc.Contact:Will RobertsG1 Therapeutics, Inc.Communications OfficerVice President, Investor Relations and Corporate Communications(919) 907-1944 [email protected]

GlobeNewswire

G1 Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

https://finance.yahoo.com/news/g1-therapeutics-announces-inducement-grants-201500059.html

ae7d4ca4-adae-3af4-b1a2-1a0437f88cbb

GTHX

G1 TherapeuticsRESEARCH TRIANGLE PARK, N.C., Sept. 05, 2023 (GLOBE NEWSWIRE) -- G1 Therapeutics, Inc. (Nasdaq: GTHX), a commercial-stage oncology company, today announced that G1’s Communications Officer Will Roberts will provide a corporate presentation on September 12, 2023, at 9:30 AM EDT during the H.C. Wainwright 25th Annual Global Investment Conference.The webcast of the event will be accessible on the Events & Presentations page of http://www.g1therapeutics.com.About G1 TherapeuticsG1 Therapeutics, Inc. is a commercial-stage biopharmaceutical company focused on the development and commercialization of next generation therapies that improve the lives of those affected by cancer, including the Company’s first commercial product, COSELA® (trilaciclib). G1 has a deep clinical pipeline and is executing a development plan evaluating trilaciclib in a variety of solid tumors, including breast, lung, and bladder cancers. G1 Therapeutics is based in Research Triangle Park, N.C. For additional information, please visit www.g1therapeutics.com and follow us on Twitter @G1Therapeutics.G1 Therapeutics® and the G1 Therapeutics logo and COSELA® and the COSELA logo are trademarks of G1 Therapeutics, IncContacts:Will RobertsCommunications OfficerVice President, Investor Relations & Corporate Communications919-907-1944 [email protected]

GlobeNewswire

G1 Therapeutics to Participate in the H.C. Wainwright 25th Annual Global Investment Conference

https://finance.yahoo.com/news/g1-therapeutics-participate-h-c-150000283.html

f6e6de17-750c-3c4b-b821-cbef41f27ab9

GTLB

GitLab GTLB reported non-GAAP earnings of 1 cent per share in second-quarter fiscal 2024, which surpassed the Zacks Consensus Estimate of a loss of 3 cents. The company reported a loss of 15 cents per share in the year-ago quarter.Total revenues of $139.6 million also beat the consensus mark by 7.65% and jumped 38.1% year over year.Top-Line DetailsSubscriptions- self-managed and SaaS (87.5% of total revenues) revenues surged 37.3% year over year to $122.1 million. License- self-managed and other revenues (12.5% of total revenues) soared 44.4% year over year to $17.5 million.Customers with more than $5K of Annual Recurring Revenues (ARR) increased to 7,815, up 33% year over year. Customers with more than $100K of ARR increased to 810, up 37% year over year.GitLab Inc. Price, Consensus and EPS Surprise GitLab Inc. Price, Consensus and EPS SurpriseGitLab Inc. price-consensus-eps-surprise-chart | GitLab Inc. Quote SaaS represents more than 25% of the total ARR.The Ultimate tier continued to be Gitlab’s fastest growing tier, representing 42% of ARR for the second quarter of fiscal 2024 compared with 39% of ARR in the second quarter of fiscal 2023.The dollar-based Net Retention Rate was 124% in the reported quarter.Total Remaining Performance Obligation (RPO) grew 37% year over year to $496 million, and current RPO grew 34% to $335 million.Operating DetailsSecond-quarter fiscal 2024 non-GAAP gross margin expanded 190 basis points from the year-ago quarter to 91.1%. The year-over-year growth was slightly improved by higher growth in low-margin SaaS revenues.On a non-GAAP basis, research & development expenses increased 29.7% year over year to $36.5 million. Sales and marketing expenses were up 7.4% to $70.7 million. General and administrative expenses rose 5% to $24.2 million in the reported quarter.On a non-GAAP basis, operating loss was $4.3 million compared with the year-ago quarter’s loss of $27.0 million.Balance SheetAs of Jul 31, 2023, cash and cash equivalents and short-term investments were $986.2 million.Story continuesGuidanceFor the third quarter of fiscal 2024, GitLab expects revenues between $140 million and $141 million, indicating a growth rate of 24% to 25% year over year.Non-GAAP operating loss is expected to be $6-$5 million for the fiscal third quarter. Loss is expected between 2 cents per share and 1 cent.For fiscal 2024, GitLab expects revenues between $555 million and $557 million.Non-GAAP operating loss is expected in the range of $33-$30 million for the fiscal year. Loss is expected between 8 cents and 5 cents.Zacks Rank & Stocks to ConsiderCurrently, GitLab has a Zacks Rank #3 (Hold).GitLab shares have gained 10% year to date compared with the Zacks Computer & Technology sector’s rally of 41.3%.Some better-ranked stocks in the sector are Model N MODN, Paylocity Holding PCTY and Semantix STIX. All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Model N have declined 31.5%, while shares of Paylocity and Semantix have gained 3.7% and 30.6%, respectively, in the year-to-date period.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportModel N, Inc. (MODN) : Free Stock Analysis ReportPaylocity Holding Corporation (PCTY) : Free Stock Analysis ReportGitLab Inc. (GTLB) : Free Stock Analysis ReportSemantix, Inc. (STIX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

GitLab (GTLB) Posts Loss in Q2, Beats Revenue Estimates

https://finance.yahoo.com/news/gitlab-gtlb-posts-loss-q2-175800330.html

f0759b67-5307-3528-a5cc-0fec3909631d

GTLB

GitLab Cl A shows improving price performance, earning an upgrade to its IBD Relative Strength RatingContinue reading

Investor's Business Daily

GitLab Stock Shows Rising Relative Strength; Still Shy Of Key Threshold

https://finance.yahoo.com/m/4cd6de26-4cd9-360e-ae48-3af05be894d5/gitlab-stock-shows-rising.html

4cd6de26-4cd9-360e-ae48-3af05be894d5

GTLS

 Demo Run Demonstrate Viability of Liquid Hydrogen for Commercial Trucking Applications and Confirms Diesel-Comparable Range PotentialROCHESTER, N.Y., Aug. 30, 2023 /PRNewswire/ -- Hyzon Motors Inc. (Hyzon) (NASDAQ: HYZN), a high-power hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles, Performance Food Group, Inc. (PFG) (NYSE: PFGC), one of the largest food and foodservice distribution companies in North America, and Chart Industries, Inc. (Chart) (NYSE: GTLS), a leading global manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas market, today announced successful completion of Hyzon's first commercial run with a liquid hydrogen fuel cell electric vehicle (LH2 FCEV).Starting in Temple, TX, the truck completed deliveries to eight PFG customers near Dallas, TX, travelling over 540 miles on a 16-hour continuous run including over 100-degree Fahrenheit temperatures. The run – further than the distance from Sacramento to San Diego – demonstrates the viability of on-board liquid hydrogen to fuel long-distance, zero-emission transport."With increased range and no added weight in comparison to our gaseous hydrogen trucks, we believe this liquid hydrogen demo run has demonstrated potential viability for the future of liquid hydrogen in commercial trucking," said Hyzon Chief Executive Officer Parker Meeks. "The results we captured in the strenuous demo through Central Texas's diverse terrain and summer heat make us optimistic that, once commercialized, our liquid hydrogen vehicle powered by our proprietary 200kW fuel cell system should be able to provide long distance range between 650 and 800 miles, on par with many diesel truck range requirements."Compared to gaseous hydrogen, the current industry standard, liquid hydrogen allows Hyzon to increase the amount of fuel on board significantly thanks to increased energy density, with no changes to vehicle weight or payload. To maintain the energy-dense liquid state, hydrogen requires cold temperatures of negative 400 degrees Fahrenheit. Hyzon partnered with Chart Industries to develop a tank system capable of storing liquid hydrogen at extremely cold temperatures and delivering it to the fuel cell system at the necessary pressure.Story continues"This is a meaningful accomplishment for the hydrogen ecosystem, as long-haul and heavy duty transportation is a key end-use for liquid hydrogen," stated Jill Evanko, Chart's CEO and President. "Our investment in our unique cryogenic liquid hydrogen onboard tank and our liquid hydrogen test facility support progress in the hydrogen industry, with the Hyzon and PFG road demonstration another key step in the evolution of hydrogen commercialization."Liquid hydrogen as a fuel source has been estimated to be up to $5 per kilogram less expensive all-in to dispense than high-pressure gaseous hydrogen1, which would provide meaningful benefits to fleet owners.Hyzon CEO Meeks added that "simply put, we see liquid hydrogen as the economical approach to long range zero emission trucking".For vehicle testing and the demo run, liquid hydrogen transportation, storage and dispensing was provided by Certarus, a North American leader in on-road low carbon energy solutions, with liquid hydrogen produced by Air Liquide.1Elgowainy, A., & Reddi, K. (2022, June). ECONOMIC AND ENVIRONMENTAL EVALUATION OF FUELING OPTIONS FOR HYDROGEN FUEL CELL HEAVY-DUTY VEHICLES. Lemont: Argonne National Laboratory.About HyzonHyzon Motors is a global supplier of high-power fuel cell technology focused on integrating its solutions into zero-emission heavy-duty fuel cell electric vehicles. Utilizing its proven and proprietary hydrogen fuel cell technology, Hyzon aims to supply zero-emission heavy duty trucks to customers in North America, Europe, Australia, and New Zealand to mitigate emissions from diesel transportation - one of the single largest sources of global carbon emissions. Hyzon collaborates with partners across the hydrogen value chain to bring clean hydrogen to the market to support fuel cell vehicle deployments. Hyzon is contributing to the adoption of fuel cell electric vehicles through its demonstrated technology advantage, fuel cell performance and history of rapid innovation. Visit www.hyzonmotors.com.About Performance Food Group CompanyPerformance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more than 150 locations. Founded and headquartered in Richmond, Va., PFG, and our family of companies, market and deliver quality food and related products to 300,000+ locations including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores. PFG's success as a Fortune 200 company is achieved through our more than 37,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, please visit www.pfgc.com.About Chart Industries, Inc.Chart Industries, Inc. is an independent global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handing for the Nexus of Clean™ - clean power, clean water, clean food, and clean industrials, regardless of molecule. The company's unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social and corporate governance (ESG) issues both for its company as well as its customers. With 64 global manufacturing locations and over 50 service centers from the United States to Asia, Australia, India, Europe and South America, the company maintains accountability and transparency to its team members, suppliers, customers and communities. To learn more, visit www.chartindustries.comForward-Looking Statements This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements. When used in this press release, the words "aims", "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements, including statements about the adoption of liquid hydrogen powered fuel cell electric vehicles, the viability of on-board liquid hydrogen to fuel long-distance, zero-emission transport and comparisons to diesel truck range requirements, are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyzon disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Hyzon cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyzon, including risks and uncertainties described in the "Risk Factors" sections of Hyzon's Form 10-K for the year ended December 31, 2022 filed with the SEC on May 31, 2023, Form 10-Q for the quarter ended June 30, 2023 filed on August 8, 2023, and in other documents filed by Hyzon from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements, such as risks related to the ability to convert non-binding memoranda of understanding or vehicle trial agreements into binding orders or sales (including because of the current or prospective financial resources of the counterparties to Hyzon's non-binding memoranda of understanding and letters of intent), or the ability to identify additional potential customers and convert them to paying customers. Hyzon gives no assurance that Hyzon will achieve its expectations.Hyzon Motors Logo (PRNewsfoto/Hyzon Motors Inc.)CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/hyzon-motors-successfully-completes-first-customer-demo-of-liquid-hydrogen-fuel-cell-electric-truck-301913272.htmlSOURCE Hyzon Motors Inc.

PR Newswire

HYZON MOTORS SUCCESSFULLY COMPLETES FIRST CUSTOMER DEMO OF LIQUID HYDROGEN FUEL CELL ELECTRIC TRUCK

https://finance.yahoo.com/news/hyzon-motors-successfully-completes-first-110500967.html

8101c0c7-3973-3dd8-8709-614b34b291e5

GTLS

In this article, we discuss 13 best stocks to invest in, according to AI. If you want to skip our detailed discussion on how valuable AI can prove to be in the financial and stock trading industry, head directly to 5 Best Stocks To Invest In According to AI.The abundance of posts claiming that ChatGPT, an AI-powered chatbot, has beaten the stock market highlights the significant variation in its responses based on input. It's important to appreciate and leverage the diverse possibilities AI offers. For instance, when Bloomberg asked ChatGPT to create an ETF to outperform the US stock market, it simply reiterated the standard disclaimer that past performance doesn't guarantee future results and that beating the market due to its high volatility is improbable.However, experts have managed to coax ChatGPT into providing lists of stocks by posing as expert stock advisors. Investors have explored using AI to gain an edge in the market, with some researchers claiming high success rates for short-term predictions using machine learning models based on trading data. A group of stocks chosen by ChatGPT has shown significantly better performance than some of the most popular investment funds in the UK.Finder.com, a financial comparison site, tasked ChatGPT with constructing a stock portfolio aimed at surpassing some of the United Kingdom's most favored funds, including Fundsmith, Vanguard LifeStrategy 100% Equity A Acc, Vanguard LifeStrategy 80% Equity A Acc, and Vanguard FTSE Glb All Cp Idx £ Acc, among others. Over an eight-week period, the ChatGPT-generated portfolio of 38 stocks gained 4.9% during the initial 11 weeks since its creation on March 6, 2023, while ten leading investment funds in the UK experienced an average loss of 0.8%, according to CNN. This performance notably outpaced the performance of the top 10 most popular UK funds, which experienced a decline of 0.12% over the same period. For the purposes of this article, we have chosen 12 stocks from ChatGPT's portfolio that garnered the highest interest from hedge fund investors.Story continuesAI's influence on stock markets has become substantial, leading to comparisons with the surges witnessed in cryptocurrency and the dot-com era. Companies increasingly use buzzwords like "generative AI," "large language models," and "artificial intelligence" during earnings calls and meetings, resulting in a substantial 85% increase in the use of the term "artificial intelligence" during such events. This heightened focus on AI often drives up stock prices when companies announce plans to integrate AI into their operations, even among non-tech firms like Wendy's, which experienced stock price gains after revealing AI-driven cost-cutting plans.Although traditional investment funds have been using AI for years, ChatGPT makes this technology accessible to the general public, potentially influencing retail investors' decisions. A survey by Finder.com found that 8% of UK adults had already used ChatGPT for financial advice, and 19% were considering doing so.However, 35% of respondents indicated that they would not consider using the chatbot for financial decisions. Douglas Boneparth, a certified financial planner and the president and founder of Bone Fide Wealth, explains to CNBC Make It that ChatGPT is certainly not a tool that can help you outperform the stock market in any way. While AI can process vast amounts of data and make some accurate stock picks, its long-term performance remains uncertain. Additionally, the limitations of AI, such as outdated knowledge and an inability to understand individual preferences, make it unsuitable for replacing human financial advisors.Despite its potential, experts advise caution and recommend conducting individual research or consulting a qualified financial adviser when making investment decisions, as it may be too early to fully trust AI with financial matters. Instead, ChatGPT and similar AI tools can be valuable for looking up financial terms and gathering data during research. For emotionally-driven financial decisions or those involving personal preferences, human financial advisors are better equipped to provide tailored guidance and empathetic support, areas where AI currently falls short. Nonetheless, the democratization of AI is seen as a disruptive force in the financial industry.The current market performance and the hype created by AI technology can be a motivator for investors to consider the best investments according to AI. Ergo, investors looking to diversify their portfolios by investing in these stocks can check our list, which includes Microsoft Corporation (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOG).Our MethodologyWe selected the best stocks to invest in according to AI based consensus picks from credible sources. We have calculated the performance of each stock from the day its source was published, to date. We also assessed the hedge fund sentiment from Insider Monkey’s database of 910 elite hedge funds tracked as of the end of the second quarter of 2023. The list is arranged in ascending order of the number of hedge fund investors in each firm.13 Best Stocks To Invest In According To AIPhoto by lucas law on UnsplashBest Stocks To Invest In According to AI13. Parsons Corporation (NYSE:PSN)Number of Hedge Fund Holders: 15Share price performance from August 17 to September 7: 2.81% Parsons Corporation (NYSE:PSN) delivers integrated solutions and services within the defense, intelligence, and critical infrastructure sectors across North America, the Middle East, and worldwide. The company operates through two divisions: Federal Solutions and Critical Infrastructure. On August 02, Parsons Corporation (NYSE:PSN) reported a Q2 GAAP EPS of $0.38, beating Wall Street estimates by $0.10. The revenue of $1.36 billion increased 34% year-on-year, surpassing market estimates by $230 million.The share price for Parsons Corporation (NYSE:PSN) has increased by 2.81% since August 17, hinting that this can be a good investment option this year. According to Insider Monkey’s second quarter database, 15 hedge funds were bullish on Parsons Corporation (NYSE:PSN), compared to 12 in the previous quarter. Ken Griffin’s Citadel Investment Group is the top stakeholder of the firm, with 565,006 shares, valued at approximately $27.2 million.Like Microsoft Corporation (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOG), Parsons Corporation (NYSE:PSN) is one of the best AI stocks to monitor.12. ChampionX Corporation (NASDAQ:CHX)Number of Hedge Fund Holders: 24Share price performance from August 17 to September 7: 7.02%ChampionX Corporation (NASDAQ:CHX) offers chemical solutions and specialized equipment and technologies to global oil and gas firms. The company is organized into four divisions: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies. On July 24, ChampionX Corporation (NASDAQ:CHX) reported a Q2 non-GAAP EPS of $0.49, beating Wall Street estimated by $0.05. The revenue of $926.6 million decreased by 0.6%, missing market estimates by $54.91 million.AI has picked this stock as one of the best stocks to invest in, according to a source published on August 17. Since then to date, the stock has seen an increase of almost 7% in its value.According to Insider Monkey’s second quarter database, 24 hedge funds were bullish on ChampionX Corporation (NASDAQ:CHX), one down from the last quarter. Jeffrey Gates’ Gates Capital Management is the top stakeholder of the firm, with 4.17 million shares, valued at approximately $129 million.Alger Small Cap Focus Fund made the following comment about ChampionX Corporation (NASDAQ:CHX) in its Q4 2022 investor letter:“ChampionX Corporation (NASDAQ:CHX) provides equipment and services that assist in the drilling. completion and production phases of well drilling. The company also provides production and reservoir chemicals, along with highly engineered equipment and technologies, such as artificial lift and drill bit inserts, for the oil and gas industry. Notably, ChampionX has a global footprint and favorable product mix, where its chemicals and artificial lift businesses are tied to the production phase of the life of a well. We believe this produces lower earnings variability and potentially stronger operating results. Shares outperformed during the quarter as the company reported strong fiscal third quarter results and gave better-than-expected fourth quarter guidance. Moreover, the company expanded its capital return program by committing to return 60% of its free cash flow (FCF) to shareholders through opportunistic buybacks. Management also raised its share buyback authorization program from $250m to $750m over next 2 to 3 years. We believe the company is well positioned to deliver strong revenue growth, driven by their production focused Performance Chemicals business, which may lead to margin improvement and FCF generation.”11. Chart Industries (NYSE:GTLS)Number of Hedge Fund Holders: 37Share price performance from August 2 to September 7: 4.84%Chart Industries (NYSE:GTLS) produces and markets specialized cryogenic equipment for both the industrial gas and clean energy sectors, serving customers in the United States and around the world. The company is structured into four distinct divisions: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. On February 24, Chart Industries (NYSE:GTLS) reported a Q4 non-GAAP EPS of $1.67, missing Wall Street estimates by $0.03. The revenue of $441.4 million increased 16.5% year-over-year, missing market estimates by $49.48 million.As of August 02, Chart Industries (NYSE:GTLS) has seen a 4.84% increase in stock price. According to Insider Monkey’s second quarter database, 37 hedge funds were bullish on Chart Industries (NYSE:GTLS), as compared to 43 in the prior quarter. Franklin Parlamis’s Aequim Alternative Investments is the top stakeholder of the firm, with 740,000 shares, valued at approximately $48.2 million.Aristotle Atlantic Large Cap Growth Strategy made the following comment about Chart Industries, Inc. (NYSE:GTLS) in its Q1 2023 investor letter:“Chart Industries, Inc. (NYSE:GTLS) is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets. Its unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 Capture amongst other applications. Chart’s customers are mainly large, multinational producers and distributors of hydrocarbon and industrial gases. The company generates about half its sales in North America.We see Chart Industries as a leading manufacturer of highly engineered cryogenic solutions that are used for the production and storage of industrial gases. With the exposure to energy end markets including liquified natural gas (LNG), compressed natural gas (CNG) and hydrogen, the company has the technology to ship gas from oversupplied markets to markets that do not have access to enough energy resources. Hydrogen is gaining traction as a renewable fuel due to the focus on climate change. The recent acquisition of Howden is complementary to Chart’s existing product and service offerings.10. Waste Management (NYSE:WM)Number of Hedge Fund Holders: 39Share price performance from August 17 to September 7: -1.59%Waste Management (NYSE:WM) and its subsidiary companies specialize in delivering environmental solutions to customers in the residential, commercial, industrial, and municipal sectors across the United States and Canada. On August 21, Waste Management (NYSE:WM) declared a quarterly dividend of $0.70 per share, in line with previous. The dividend will be distributed on September 22, to shareholders of record on September 08.As of August 17, Waste Management (NYSE:WM) has seen a decline of 1.59% in stock performance, indicating that AI stock picks might not always be the best ones to invest in. According to Insider Monkey’s second quarter database, 39 hedge funds were bullish on Waste Management (NYSE:WM), as compared to 43 in the prior quarter. Michael Larson’s Bill & Melinda Gates Foundation Trust is the top stakeholder of the firm, with 35.2 million shares, valued at approximately $6.11 billion.9. Trex Company Inc. (NYSE:TREX)Number of Hedge Fund Holders: 43Share price performance from August 17 to September 7: 2.70%Trex Company Inc. (NYSE:TREX) produces and markets composite decking, railing, and outdoor living items and accessories designed for both residential and commercial markets within the United States. The company is divided into two segments: Trex Residential and Trex Commercial. On July 31, Trex Company Inc. (NYSE:TREX) reported a Q2 GAAP EPS of $0.71, beating market estimates by $0.17. The revenue of $357 million dropped 7.6% year-over-year, surpassing market estimates by $38.11 million.As of August 17, the share price performance of Waste Management (NYSE:WM) has seen a rise of 2.70%, hinting at the probability of this stock being a good investment option. According to Insider Monkey’s second quarter database, 43 hedge funds were bullish on Trex Company Inc. (NYSE:TREX), as compared to 30 in the prior quarter. Steve Cohen’s Point72 Asset Management is the top stakeholder of the firm, with 1.34 million shares, valued at approximately $88 million.​​Conestoga Smid Strategy made the following comment about Trex Company, Inc. (NYSE:TREX) in its second quarter 2023 investor letter:“Trex Company, Inc. (NYSE:TREX): TREX is a market share leader in the manufacturing and distribution of composite decking that is sold in the residential market. TREX reported solid results in 1Q23 with better margins and with guidance for 2Q23 that was higher than street expectations. The stock rallied during the quarter given the solid results, a normalization of inventory in the channel, and the recent introduction of several exciting new products.”8. CME Group Inc. (NASDAQ:CME) Number of Hedge Fund Holders: 55Share price performance from August 17 to September 7: -0.18%Based in Chicago, CME Group Inc. (NASDAQ:CME) manages financial derivatives exchanges such as the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange. Additionally, the company holds a 27% ownership stake in S&P Dow Jones Indices. On July 26, CME Group Inc. (NASDAQ:CME) reported a Q2 non-GAAP EPS of $2.30, beating Wall Street estimates by $0.11. The revenue of $1.36 billion increased 9.9% year-over-year, surpassing market estimates by $20 million.As of August 17, the share price performance of CME Group Inc. (NASDAQ:CME) has seen a drop of 0.18%. This drop is not significant enough to label the stock as a poor investment choice, and the almost 10% revenue growth year-over-year backs that assessment. According to Insider Monkey’s second quarter database, 55 hedge funds were bullish on CME Group Inc. (NASDAQ:CME), same as the last quarter. Guardian Capital’s GuardCap Asset Management is the top stakeholder of the firm, with 4.24 million shares, valued at approximately $785 million.VGI Partners made the following comment about CME Group Inc. (NASDAQ:CME) in its second quarter 2023 investor letter:“CME Group Inc. (NASDAQ:CME) operates futures and derivatives exchanges, including the Chicago Mercantile Exchange, the New York Mercantile Exchange, the Chicago Board of Trade, and the Dow Jones Index Services. On top of this, CME also owns other key assets related to foreign exchange trading & infrastructure and a strategic shareholding in Standard & Poor’s (S&P) Index business.The key driver of trading activity for CME is in its interest rate derivatives products, where it has an effective monopoly in the exchange trading of interest rate derivatives in the United States, through its benchmark products across the entirety of the interest rate curve. Demand for interest rate derivatives is driven by volatility in interest rate markets, whose effect is compounded by the number of bonds held by those looking to manage interest rate risk and, by extension, market liquidity. The below chart of average daily volumes of interest rate derivatives and US Federal debt held by the public illustrates the extremely strong relationship between the size of the US Treasury market and volumes growth, although there are deviations around this primarily around Fed intervention (for example, at the start of the pandemic, volumes were suppressed by an enormous amount of Quantitative Easing (QE) and effectively zero interest rates which reduced the demand for hedging products). We expect the growth in the size of the US Treasury market, particularly in relation to privately held US treasuries as the Fed undergoes a balance sheet unwind, to remain a powerful underpinning of CME’s interest rate derivatives business…” (Click here to read the full text)7. Exxon Mobil Corporation (NYSE:XOM)Number of Hedge Fund Holders: 71Share price performance from August 17 to September 7: 5.64%Exxon Mobil Corporation (NYSE:XOM) is involved in the exploration and extraction of crude oil and natural gas, both domestically in the United States and on a global scale. The company's operations are categorized into four segments: Upstream, Energy Products, Chemical Products, and Specialty Products. On July 28, Exxon Mobil Corporation (NYSE:XOM) reported a Q2 non-GAAP EPS of $1.94 missing b Wall Street estimates by $0.08. The revenue of $82.91 billion decreased 28.3% year-over-year, missing market estimates by $7.41 million.As of August 17, the share price performance of Exxon Mobil Corporation (NYSE:XOM) has seen a rise of 5.64%, indicating that this might be a good stock to invest in within the current stock market landscape. According to Insider Monkey’s second quarter database, 71 hedge funds were bullish on Exxon Mobil Corporation (NYSE:XOM), two less than the previous quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the top stakeholder of the firm, with 13.33 million shares, worth approximately $1.43 billion. 6. Micron Technology, Inc. (NASDAQ:MU)Number of Hedge Fund Holders: 86Share price performance from August 2 to September 7: 3.29%Micron Technology, Inc. (NASDAQ:MU) is a global company specializing in the design, creation, production, and sale of memory and storage solutions. The company is structured into four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit, each catering to distinct markets and needs. On June 28, Micron Technology, Inc. (NASDAQ:MU) reported a Q3 non-GAAP EPS of -$1.43, beating Wall Street estimates of $0.14. The revenue of $3.75 billion dropped by a whopping 56.6% year-over-year, surpassing market estimates by $70 million.As of August 2, the share price performance of Micron Technology, Inc. (NASDAQ:MU) has seen a hike of 3.29%, indicating that this might be a good stock to invest in within the current stock market landscape. According to Insider Monkey’s second quarter database, 86 hedge funds were bullish on Micron Technology, Inc. (NASDAQ:MU), as compared to 73 in the previous quarter. Ken Griffin’s Citadel Investment Group is the top stakeholder of the firm, with 6.73 million shares, worth approximately $424.6 million.In addition to Microsoft Corporation (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOG), Micron Technology, Inc. (NASDAQ:MU) is one of the top AI stocks to watch.Here is what Claret Asset Management has to say about Micron Technology, Inc. (NASDAQ:MU) in its Q3 2022 investor letter:“Inflation is still higher than interest rates… not an incentive to save for most people. Either inflation must come down or interest rates have to go up further. Or both. And probably both. Now that they are taking the punch bowl away and the party is over, what happens next? For whatever reason, the stock market seems to always precede the economic reality: Micron reached a high of $98.45 on January 5th, 2022 and is trading at $50.00 today.”   Click to continue reading and see 5 Best Stocks To Invest In According to AI. Suggested articles:10 Biotech Stocks with Biggest UpsideiOS vs Android Market Share by Country: Top 30 Countries Using iPhones20 Most Popular Dating Apps In The US Disclosure: None. 13 Best Stocks To Invest In According to AI is originally published on Insider Monkey.

Insider Monkey

13 Best Stocks To Invest In According to AI

https://finance.yahoo.com/news/13-best-stocks-invest-according-142817979.html

fcec758b-51f7-30f8-a22f-2f9cca0d90fd

GTN

Gray Television, Inc. (NYSE:GTN) will pay a dividend of $0.08 on the 29th of September. The dividend yield will be 4.1% based on this payment which is still above the industry average. View our latest analysis for Gray Television Gray Television's Dividend Is Well Covered By EarningsA big dividend yield for a few years doesn't mean much if it can't be sustained. Before making this announcement, Gray Television was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow.The next year is set to see EPS grow by 29.7%. If the dividend continues along recent trends, we estimate the payout ratio will be 11%, which is in the range that makes us comfortable with the sustainability of the dividend.historic-dividendGray Television Is Still Building Its Track RecordLooking back, the dividend has been stable, but the company hasn't been paying a dividend for very long so we can't be confident that the dividend will remain stable through all economic environments. The payments haven't really changed that much since 2 years ago. It's good to see at least some dividend growth. Yet with a relatively short dividend paying history, we wouldn't want to depend on this dividend too heavily.Dividend Growth May Be Hard To AchieveInvestors who have held shares in the company for the past few years will be happy with the dividend income they have received. However, initial appearances might be deceiving. In the last five years, Gray Television's earnings per share has shrunk at approximately 4.9% per annum. Declining earnings will inevitably lead to the company paying a lower dividend in line with lower profits. Earnings are predicted to grow over the next year, but we would remain cautious until a track record of earnings growth is established.In SummaryIn summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Gray Television's payments, as there could be some issues with sustaining them into the future. The company is generating plenty of cash, which could maintain the dividend for a while, but the track record hasn't been great. This company is not in the top tier of income providing stocks.It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Case in point: We've spotted 2 warning signs for Gray Television (of which 1 is a bit concerning!) you should know about. Is Gray Television not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08

https://finance.yahoo.com/news/gray-television-nyse-gtn-affirmed-100748210.html

d4eee5fe-ba72-395e-9927-bf18b466e03c

GTN

Gray Television, Inc.ATLANTA, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) is excited to announce the official launch of the daily news magazine program InvestigateTV+ on September 11, 2023. The program will leverage one of the largest collections of investigative journalists in the nation to provide even more investigations that not only uncover problems but reveal and often lead to solutions.InvestigateTV+ will draw from the strength and experience of all of Gray’s 113 newsrooms with a dedicated team of investigators and producers to provide a daily resource of information that empowers viewers. Some of the first investigative stories to air include: uncovering a little-known federal law that forces Gold Star families to make a difficult and costly choice; action from lawmakers after InvestigateTV+ cameras catch trains stopping on tracks, cutting communities in half and endangering children; and, exposing an alarming trend in teens and fatal fentanyl overdoses and the development in treatment that is a potential game-changer.Building upon the overwhelming positive response garnered by Gray’s InvestigateTV weekend show, Gray made the strategic decision to extend the reach of impactful journalism through the launch of InvestigateTV+ on weekdays. On average, 1.3 million households currently watch InvestigateTV weekend programming. Gray’s local stations across all of its markets are set to broadcast both the weekday program (InvestigateTV+) and the weekend program (InvestigateTV). Moreover, Gray is extending the availability of these programs to non-owned local television stations operating beyond its station footprint.InvestigateTV+ is hosted by Lee Zurik and Tisha Powell. Lee Zurik is Gray’s Vice President of Investigations and a respected anchor and Chief Investigative Reporter at WVUE in New Orleans. He brings a distinguished portfolio including two George Foster Peabody Awards and twelve National Edward R. Murrow Awards. Tisha Powell is an anchor at WAFB in Baton Rouge and a seasoned journalist with a breadth of experience across the country. She adds her expertise in interviewing prominent figures including Michelle Obama, Oprah Winfrey, and Dr. Jill Biden.Story continues“Our team is committed to finding real solutions to problems facing the communities we serve. Combined with the strength of our reporters across all 113 Gray markets, InvestigateTV+ will deliver solutions-based journalism with real life impact every day,” Zurik said.Investigate TV+ showcases Gray’s renowned InvestigateTV unit, plus consumer, health, and original content curated from Gray’s local news stations. The investigations will go beyond the headlines to provide every angle with an emphasis on keeping your family safe.“So many families are dealing with the same struggles, from the safety of their kids to health and pocketbook problems. We want to share the stories of real people, how they are overcoming those challenges and creating real change,” Powell said.About Gray:Gray Television, Inc. is a multimedia company headquartered in Atlanta, Georgia. Gray is the nation’s largest owner of top-rated local television stations and digital assets in the United States. Its television stations serve 113 television markets that collectively reach approximately 36 percent of US television households. This portfolio includes 80 markets with the top-rated television station and 101 markets with the first and/or second highest rated television station. It also owns video program companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, as well as the studio production facilities Assembly Atlanta and Third Rail Studios. Gray owns a majority interest in Swirl Films. For more information, please visit www.gray.tv.Gray Contact:Sandy Breland, Executive Vice President, Chief Operating Officer, 404-266-8333# # #

GlobeNewswire

Gray Television’s InvestigateTV+ Announces First Investigations Ahead of Official Launch

https://finance.yahoo.com/news/gray-television-investigatetv-announces-first-120000303.html

131553d3-bb95-3353-b5c9-4aad79bd33e3

GVP

ParticipantsEmmett Anthony Pepe; CFO & Treasurer; GSE Systems, Inc.Kyle J. Loudermilk; President, CEO & Director; GSE Systems, Inc.Adam P. Lowensteiner; VP-New York; Lytham Partners, LLCPresentationOperatorGood day, and welcome to the GSE Systems, Inc. Reports Second Quarter Fiscal Year 2023 Financial Results. (Operator Instructions) Please note, this event is being recorded.I would now like to turn the conference over to Adam Lowensteiner Vice President at Lytham Partners. Please go ahead.Adam P. LowensteinerThank you, operator, and good afternoon, everyone, and thank you all for joining us today to review the financial results for GSE Systems for the second quarter of fiscal 2023 ended June 30, 2023. With us on the call representing the company today are Kyle Loudermilk, President and CEO of GSE Systems; and Emmett Pepe, Chief Financial Officer of GSE Systems.Before we begin, I would like to remind everyone that statements made during the course of this call may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended in Section 21E of the Securities Act of 1934. These statements reflect current expectations concerning future events and results. Words such as expect, intend, believe, may, will, should, could, anticipate and similar expressions are words that are used to identify forward-looking statements, but their absence does not mean a statement is not forward-looking.These statements are not guarantees of future performance and are subject to risks and uncertainties and other important factors that could cause actual performance or achievements to be materially different from those projected. For a full discussion of these risks, uncertainties and factors, you are encouraged to read GSE's documents on file with the Securities and Exchange Commission, including those set forth in periodic reports filed under the forward-looking statements and Risk Factors section. GSE does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.On this call, management may refer to EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS, which are not measures of financial performance under generally accepted accounting principles or GAAP. Management believes that these non-GAAP figures, in addition to other GAAP measures provide meaningful supplemental information regarding the company's operational performance. Investors should recognize that these non-GAAP figures might not be comparable to similarly titled measures of other companies. These measures should be considered in addition to and not as a substitute for or superior to any measure of performance prepared in accordance with GAAP. A reconciliation of non-GAAP measures to the most directly comparable GAAP measures in accordance with SEC Regulation G can be found in the company's earnings release.With that, I'd like to now turn over the call to Mr. Kyle Loudermilk, President and CEO of GSE Solutions. Kyle, please proceed.Story continuesKyle J. LoudermilkThank you, Adam, and I'd like to welcome everyone to GSE's Second Quarter Fiscal 2023 Financial Results Conference Call. Earlier today, we issued a press release detailing our financial results, Hopefully, you've had a chance to review this news release, but if not, a copy can be found on our website at www.gses.com under the News section.To layout today's agenda, I'll start with a brief update on the industry and the quarterly results. Emmett will review the financial results, and we'll conclude with a Q&A session. First, a brief update on the industry. Demand for electricity on a national and global basis continues to grow and be in high demand, especially given the higher temperatures that countries have been experiencing this summer. As a result, utilities have been busy making sure there's an ample supply of power to meet this demand. While certain fossil fuels are being utilized to meet peak load, governments understand that dependence on fossil is not a sustainable long-term strategy and the value proposition of nuclear power continues to be top of mind. As a result, many countries continue to prioritize nuclear power through planning and investment to sustain existing nuclear infrastructure investing to produce more power from this infrastructure and advancing plans to build out a new generation of nuclear power plants.The economics for nuclear are becoming more compelling in light of geopolitical issues. The invasion of Ukraine highlighted the fragile nature of fossil fuel dependency and increased baseline consumption of fossil fuels resulting from a growing global economy also puts upward pressure on costs. This puts into clear contrast to sustainable and secure power that nuclear assets provide to achieve energy security while providing abundant affordable power. A recent case study of these benefits is being witnessed in Finland.With the recent completion of the Olkiluoto 3 nuclear power plant, Finland's first new nuclear power plant in more than 4 decades, the power it now provides has begun to lower electricity costs in the country, which sort after the Finnish government banned electricity imports from Russia. The plant, which will produce up to 15% of the country's power demand has enabled electricity spot prices to fall by 75% from the beginning of December 2022 to April 2023. Another country that is seeking to expand its nuclear power footprint in Canada, which plans to achieve the net-zero power grid by 2035. To get there, utility companies are already preparing with Canadian-based, Bruce Power, announcing assessment plans to add another 4.8 gigawatts to its current 6.2 gigawatt facility in Tiverton, Ontario. If approved, this would be the first conventional nuclear power plant in the province built in 3 decades, and the site would eventually become the largest nuclear power generation operating site in the world.The United States has achieved a fantastic milestone recently with Southern Company's Vogtle 3 nuclear reactor in Georgia now commercially producing power. This is the first new build nuclear power plant in the United States in 30 years and has created tremendous excitement throughout the industry. Vogtle Unit 4 is nearing completion and expected to go commercial early next year. This is a great achievement for Southern Company and the industry and GSE.Also, as I highlighted on the first quarter conference call, if you go into the control room with these new reactors, it's a complete digital control room, nothing like the prior generations of nuclear power plants. GSE technology is used as a basis for the simulation systems for AP1000, and we are proud to be part of the journey. This transformation to digital control rooms will play out in existing nuclear power plants as well. As older power plants obtained operating extensions, we believe the industry will go through a transition whereby the old control systems are going to transition to digital control systems for greater operational reliability, safety and to achieve optimal power generation. These upgrades require investments in the hundreds of millions of dollars per plant and we'll touch upon every service that GSE can offer from simulation to design modifications to programs and performance to Workforce Solutions.We have had a series of press releases over the past months that highlight recent wins across our lines of business, including a significant win to assist a client to upgrade procedures for their plants as they transition to a digital control environment.Some more color on the recent Workforce Solutions line. Subsequent to second quarter end, we announced a contract valued up to $15 million over several years, to support a project to modernize the nuclear power plants main control room to a digital environment. This contract was with one of the largest nuclear operators in the United States, and we are excited to play a critical role in this transformation. Other plants have announced similar plants to convert to digital controls. And while it's hard to determine the timing of future projects, we are optimistic that there are more to be awarded in the coming years as this conversion to digital evolves into a clear industry trend. As mentioned, the conversion to digital controls helps the plant operate more efficiently, safely and reliably. The investment also helped set the stage to extend the lifetime of the plants and prepare for future power upgrades, the means by which existing infrastructure can be upgraded to produce more power. Producing more power through upgrades is an extraordinarily cost-effective means to produce more nuclear power versus building new plants.Looking a bit further into the future, there's continued momentum around the development of small module reactors known as SMRs, which would be inherently safe to operate while requiring a smaller site footprint than traditional nuclear power plants. SMRs will be the wave of the future and GSE is prepared to participate in helping these new facilities come safely online. Britain recently announced it's seeking to improve their nuclear footprint to meet certain climate targets and improve energy security through SMRs. Since large new projects are very costly, British government recently opened a competition to develop SMR is aiming to see them operational within the next decade. Their stated goal is to increase nuclear power capacity to 24 gigawatts by 2050, which would put nuclear at 25% of electricity output versus 14% today. It is news like this that is great for the industry and shows the next wave of plants to be built for the nuclear industry will involve significant SMR opportunities.Now for some perspective on GSE's business in Q2 of fiscal year 2023. The highlight of the second quarter was a meaningful improvement in our operational results. The engineering teams, in particular, kept a keen focus on utilization and this had a direct contribution to improved company performance. As the team began to execute on the significant orders won in Q1, the company performed at a high level, resulting in financial improvement when compared to the first quarter and second quarter from one year ago.While we have more work ahead of us, we continue to focus on improving what is in our control, including keeping corporate costs down and ensuring we are properly staffed for the business we have and anticipate moving forward. Q2 orders were lower than we were looking towards due to some key orders not closing in the quarter, but those orders that slipped have closed in early Q3, and we have highlighted several of those ones in recent press releases. We also took some costs out of the business to ensure we are as lean as possible moving forward and that we'll provide more details on these initiatives. Focusing a bit more on the highlights of the second quarter. The company's performance engineering division continued to improve, especially including year-to-date software and support sales of $2.3 million, up from roughly $1.9 million in the same period a year ago. We are very pleased with the continued pace of software sales. New orders overall for Performance Engineering during the second quarter were $4.9 million, which is an increase of 30% when compared to $3.9 million in the second quarter of 2022. While the order flow has obviously been lumpy from quarter-to-quarter, we feel that the increase in orders from the Engineering division when compared to the same period a year ago, perhaps demonstrates a tentative recovery in industry spend in this area even if lumpy.Our Workforce Solutions business continues to experience softness in demand. The segment had revenue that was $3.3 million in the second quarter compared to $3.9 million in the first quarter and lower from $4.8 million in the second quarter in 2022. We have worked diligently to retool the division by rebuilding sales and recruiting teams for the business, but it continues to struggle and it's difficult to predict when it will turn. We have identified a book of business in the marketplace and need to execute with competition is very broad-based. And in general, the industry is still in a wait-and-see mode, but for essential projects, such as the digital control project when we highlighted. We are focusing on staffing up that project as fast as we can, but of course, this ramp depends on the customer readiness to accommodate that ramp. We are closely monitoring the division and prepared to retool if it doesn't improve.Across the business, we are focusing on what is in our control and demonstrating improvement. We're focused on utilization and hard margin business. We see that in this quarter. This focus has yielded improved results for the quarter and revenue generation for engineering and overall gross margin improvement in the business. We have been laser-focused to contain costs, trimming overhead where we can and shedding or reducing external costs, which should have an impact in the second half of the year. We also are focused on engaging with customers on specific opportunities. Our business pipeline is strong. And while we're not in control of client decisions to move forward on projects we are ensuring we are along with them and ready to execute when projects are awarded. This focus has helped us build our opportunity pipeline and win a significant new customer logo, the uranium enrichment customer when we announced, and that is not an easy thing to do in the nuclear ecosystem.I'm proud of our accomplishments and improvements in the second quarter. I believe they demonstrate that we are focused on turning this company around. While we wish that momentum was building faster, we do continue to make progress to reaching our goals of increasing orders, backlog and grow revenue. The new orders already received and announced in the third quarter are a step in the right direction.I'll now turn the call over to Emmett Pepe, GSE's CFO, who will review the second quarter financial results. Emmett, please proceed.Emmett Anthony PepeThank you, Kyle. With the numbers highlighted in detail in the press release, let me focus my comments on a few areas and provide added color where I can. Revenue during the second quarter of 2023 was $12.4 million, a year-over-year decrease of 3% compared to $12.7 million in the second quarter of 2022, but sequentially higher by 14% when compared to the $10.9 million in the first quarter of 2023.The Engineering division continued to perform well for the company with revenues of $9 million for the second quarter of '23. This compared to $6.9 million in the first quarter of 2023 and compared to $8 million in the second quarter of 2022. Orders for engineering performance were $4.9 million, which declined from $14.7 million in Q1 of 2023, which included some sizable orders. But looking year-over-year, orders compared positively by 30%, up from last year's $3.8 million in Q2 of '22.Also, as Kyle indicated in his remarks, the company experienced some order slippage during the quarter and were placed during the early third quarter. Workforce Solutions division's revenue in the quarter was $3.3 million compared to $3.9 million in the first quarter of 2023 and compared to $4.8 million in the second quarter of 2022. Orders were $1.3 million in the second quarter of 2023 compared to $4.4 million for the first quarter of 2023 and compared to $3.1 million in the second quarter of 2022.The shortfall of orders in the second quarter stemmed from early terminations received from some of our clients in the magnitude of $1.9 million. While it is somewhat uncommon, such terminations can occur depending on the scope of service, speed of project completion and other variables. If it weren't for the terminations, the orders for both the company and specifically Workforce Solutions would have shown year-over-year and sequential improvements. That said, the division is still experiencing some resistance from customers, but we are closely monitoring this business, and we are opportunistic about the book of business that is available to the marketplace. Gross profit in the second quarter of 2023 was $3.2 million or 26% of revenue. This compared to gross profit of $3.2 million or 24.9% of revenue in the second quarter of 2022, and $2.4 million or 22% of revenue in the first quarter of 2023. Gross margin improved over the first quarter due to project mix, including the benefit of our software sales, and more revenue coming through the Performance Engineering division, which carries higher margins.Operating expenses, excluding depreciation and amortization in the second quarter of 2023 were $3.8 million compared to $5 million in the first quarter of 2023 and compared to $4.6 million in the second quarter of 2022. The year-over-year decrease in Q2 was in part due to the cost containment measures implemented in the first half of the year that delivered benefits in the quarter. Many of our more significant cost reductions were implemented toward the end of the second quarter, which included facility savings from a footprint reduction that we highlighted in previous calls, vendor savings from negotiated rate reductions and labor savings primarily from our back office. These changes have aligned our operating expenses with our current book of business, and we anticipate that these changes will contribute to improvements in our operating expenses in the coming quarters.Net loss in the second quarter of 2023 was a loss of $1.5 million or a loss of $0.06 per share compared to a loss of $3 million in the first quarter of 2023 or $0.13 per share. Net loss in Q2 of '22 was $1.4 million or $0.07 per basic and diluted share. Adjusted net loss was $1.3 million or $0.05 per share in the second quarter of 2023 compared to an adjusted net loss of $2.6 million or $0.11 per share in the first quarter of 2023. Adjusted net loss totaled $1.2 million or $0.06 per diluted share in Q2 of '22.Adjusted EBITDA totaled loss of $361,000 for the second quarter of 2023, a $1.8 million improvement compared to the loss of $2.2 million in the first quarter of 2023. Adjusted EBITDA also improved compared to the loss of $0.7 million in Q2 of 2022. Company's backlog was utilized during the second quarter, given the tepid order flow in the quarter and ended at $34.4 million. Backlog at the end of the first quarter was $40.9 million compared to $34 million at the end of the second quarter of 2022.Performance Engineering segment backlog was $26.9 million at the end of the second quarter compared to $31.4 million at the end of the first quarter of 2023, but higher when compared to the same period a year ago when it was $27.5 million.Workforce Solutions division was $7.5 million at the end of Q2 '23, that compares to $9.5 million at the end of Q1 2023 and compares to $6.5 million at the end of the second quarter of 2022. As Kyle mentioned earlier, we did experience some order slippage into the third quarter. And if not for that, backlog figures would have been higher at the end of the second quarter.Moving our discussions of the company's balance sheet. We exited the second quarter with $1.8 million in cash, and that compares to $1.3 million at the end of the first quarter of 2023. The cash levels do not include restricted cash of $1.6 million, which is to secure 4 letters of credit with various customers, totaling $1.2 million and $400,000 to secure our corporate credit programs.For the close of the second quarter, we closed on a follow-on financing with Lind Partners, which included $1.4 million in upfront proceeds. As part of this financing, we continue to make payments on our original convertible debt secured with Lind in February of 2022 and we received an extension of repayment for another 5 months to have a repayment completed by July of 2024. This enabled the company to lower our monthly repayment by approximately $133,000. We continue to review on a monthly basis the determination of whether to repay in cash, stock or a combination of both.While we're working in a challenging environment, continue to examine every expenditure and will reduce costs where we can to limit cash burn. We are optimistic that the company can book additional orders in the coming months and with the improved utilization resulting in increased revenue, which positions us for improved cash flow.I'll now turn the conversation back to Kyle.Kyle J. LoudermilkThank you, Emmett. To summarize, the second quarter had several key positives, including improved revenues and utilization, which is solid operational improvement. We have more work to do, including additional cost containment and improved selling, especially within Workforce Solutions. We're cautiously optimistic about the remainder of the year. We are appropriately positioning the company to be prepared for future growth and show improved results where we can. We continue to work with our customers who are still tentatively on spending -- who's still tentative on spending in the current challenges of high inflation and economic uncertainty. That said, we are performing and executing on what is in our control such as executing on projects being in front of the customers to build our opportunity pipeline and be in the ready position for when orders are indeed imported.While we are doing what we can during this continued bull and industry spend, we feel confident in the longer term due to 3 key catalysts for the nuclear industry, the need for stable grid, the drive towards energy security and independence and the decarbonization of the power sector. These catalysts lead us to believe that the nuclear industry is entering a long-lasting upward super cycle, even at the beginnings of that super cycle alternative.Given GSE's unique positioning as a heavily tech-enabled provider of essential services to the nuclear power industry, we remain confident in our ability to create substantial long-term value.With that said, Adam, please proceed with the Q&A session.Question and Answer SessionOperator(Operator Instructions) There are no questions in the queue. Adam, I'll turn it over to you for any online questions you might have.Adam P. LowensteinerThanks, Jason. Kyle and Emmett, the Performance Engineering division is obviously performing and carrying the lead. What's working there? And why is Workforce Solutions still lagging? Are there more improvements needed on the Workforce Solutions side?Kyle J. LoudermilkYes, I'll take that. I guess, look, the engineering teams are doing a great job executing on projects at a higher utilization than we've seen. And we really brought a lot of scrutiny to the efforts, make sure we are focusing on high-margin business there. The business that we won in Q1, which was substantial, some of it is already starting to flow through our teams and they're working on those projects. We still have backlog, of course, depending on which line of engineering business we're in. But that's really encouraging to see to complement the team for really stepping up their performance, big self-scrutinizing around utilization rates and being disciplined, and we need to keep that focus up. For Workforce Solutions, where there are big projects, look, we're positioned to win them as we demonstrated with that large digital control upgrade and over 5,000 procedures were upgrading and updating for the customer. But the business is still in a low. And so we're keeping focus on that, understanding what we can do to be as lean as possible, while being the already position with clients for projects as they come. So that's the nature of the 2 lines of business.Adam P. LowensteinerObviously, there were some costs removed during the quarter, but are there more to be expected? And can you quantify them?Emmett Anthony PepeI'll take that question, Adam. Yes. Look, we -- we've been working on cost containment measures follow and we started reaping some of the benefits, whether it's vendor renegotiation, leases that were expiring, we have been flagging all along that around this time, we -- some of those leases just ended in May, so we didn't really reap the full benefit in the quarter, but a benefit nonetheless.There are some one-offs in there, so both some one-off reductions and some additional costs. So there's some noise. But on a go forward, a lot of the labor changes that we did were really done at the very end of the second quarter. So I expect that we'll reap more benefits going forward with the labor reductions that occurred at the end of the second quarter. So I think you'll see some stabilization. I think we should be pretty reasonably where we're at, maybe slightly better going forward the rest of the way, while maintaining those costs as we increase the business, revenue and business.OperatorThis concludes our question-and-answer session. I would like to turn the conference back over to Kyle Loudermilk for any closing remarks.Kyle J. LoudermilkAll right. Thank you. First of all, I'd like to thank everyone for joining us. We appreciate your time and interest in GSE. If you have any questions, please reach out to Adam Lowensteiner from Lytham Partners, and we'll be happy to schedule a follow-up call. And again, thank you, everyone, and have a great day.OperatorThe conference has now concluded. Thank you for attending today's presentation. You may now disconnect.

Thomson Reuters StreetEvents

Q2 2023 GSE Systems Inc Earnings Call

https://finance.yahoo.com/news/q2-2023-gse-systems-inc-093745629.html

99d8ecc7-846b-3708-893f-12f0595b4f68

GVP

The price trend for GSE Systems, Inc. (GVP) has been bearish lately and the stock has lost 7.9% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.What is a Hammer Chart and How to Trade It?This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.Story continuesHere's What Increases the Odds of a Turnaround for GVPThere has been an upward trend in earnings estimate revisions for GVP lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.The consensus EPS estimate for the current year has increased 20.5% over the last 30 days. This means that the Wall Street analysts covering GVP are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.If this is not enough, you should note that GVP currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Moreover, a Zacks Rank of 2 for GSE Systems, Inc. is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportGSE Systems, Inc. (GVP) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Bears are Losing Control Over GSE Systems, Inc. (GVP), Here's Why It's a 'Buy' Now

https://finance.yahoo.com/news/bears-losing-control-over-gse-135503725.html

baa63cf9-90e9-315c-b013-17c23d3999d7

GWRE

Guidewire Software GWRE reported non-GAAP earnings per share (EPS) of 74 cents in fourth-quarter fiscal 2023 (ended Jul 31), which surpassed the Zacks Consensus Estimate of 34 cents and year-ago quarter’s non-GAAP earnings of 3 cents.The company reported revenues of $270 million, rising 10% year over year and surpassing the Zacks Consensus Estimate by 3.4%.Guidewire Cloud continued to gain momentum in the reported quarter with 17 deal wins.Guidewire Software, Inc. Price, Consensus and EPS SurpriseGuidewire Software, Inc. Price, Consensus and EPS SurpriseGuidewire Software, Inc. price-consensus-eps-surprise-chart | Guidewire Software, Inc. QuoteQuarter in DetailSubscription and support segment’s revenues (43.5% of total revenues) soared 25.4% from the year-ago quarter to $117.3 million, owing to higher subscription revenues. Subscription revenues gained 34.7% year over year to $98.1 million. Support revenues declined 7.1% year over year to $19.3 million.License’s revenues (37.4%) were down 6% year over year to $100.9 million.Services’ revenues (19.1%) fell 8.1% year over year to $51.7 million.Annual recurring revenues (ARR) were $763 million as of Jul 31, up 15% (rose 15% on a constant currency basis) year over year.Non-GAAP gross margin expanded 950 basis points on a year-over-year basis to 64%.Subscription and support segment’s gross margin increased 10.6% on a year-over-year basis to 57.8% due to increased cloud infrastructure efficiency. Services’ non-GAAP gross margin was 10.5% against a gross margin of (6.4)% in the year-ago reported quarter.Total operating expenses increased 1.8% year over year to $157.5 million. Non-GAAP operating income was $44.7 million compared with $5.3 million reported in the year-ago quarter.Financial DetailsAs of Jul 31, cash and cash equivalents and short-term investments were $798.7 million compared with $806.9 million on Apr 30, 2023.Guidewire generated $173.2 million in cash from operations during the quarter under review, with free cash flow of nearly $167.3 million.Story continuesOutlookFor first-quarter fiscal 2024, revenues are expected to be in the range of $197-$202 million. ARR is projected to be between $766 million and $769 million. Non-GAAP operating loss is estimated to be between $20 million and $25 million. For fiscal 2024, the company expects total revenues between $976 million and $986 million. ARR is projected to be in the range of $846-$858 million.Non-GAAP operating income (loss) is estimated to be between $(62) million and $72 million. Cash flow from operations is anticipated to be in the range of $95-$125 million.Zacks Rank & Other Stocks to ConsiderGuidewire currently carries a Zacks Rank #2 (Buy)Some other top-ranked stocks in the broader technology space are Woodward WWD, Aspen Technology AZPN and Badger Meter BMI. Woodward and Aspen Technology presently sport a Zacks Rank #1 (Strong Buy), whereas Badger Meter currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Woodward’s fiscal 2023 EPS has increased 15.9% in the past 60 days to $4.15.WWD’s long-term earnings growth rate is 13.5%. Shares of WWD have gained 37.6% in the past year.The Zacks Consensus Estimate for Aspen Technology’s fiscal 2024 EPS has increased 5.8% in the past 60 days to $6.58.Aspen Technology’s long-term earnings growth rate is 17.1%. Shares of AZPN have declined 12.6% in the past year.The Zacks Consensus Estimate for Badger Meter’s 2023 EPS has increased 6.3% in the past 60 days to $2.86.Badger Meter’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 6.7%. Shares of BMI have surged 69.5% in the past year.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportBadger Meter, Inc. (BMI) : Free Stock Analysis ReportGuidewire Software, Inc. (GWRE) : Free Stock Analysis ReportWoodward, Inc. (WWD) : Free Stock Analysis ReportAspen Technology, Inc. (AZPN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Guidewire (GWRE) Q3 Earnings & Revenues Beat Estimates, Up Y/Y

https://finance.yahoo.com/news/guidewire-gwre-q3-earnings-revenues-162300714.html

a51dcc89-1fcc-36f1-bab7-5c1803ecaac6

GWRE

Kroger recorded a $1.4 billion charge in its second quarter to settle opioid claims, Apple stock rose after two days of steep losses, Planet Labs reduced revenue guidance, and Smartsheet surged following better-than-expected earnings.Continue reading

Barrons.com

Kroger, Apple, Planet Labs, Smartsheet, RH, Snowflake, and More of Today’s Stock Market Movers

https://finance.yahoo.com/m/937d0dbf-5a6e-3f70-9eb2-b7fa7f156a27/kroger-apple-planet-labs-.html

937d0dbf-5a6e-3f70-9eb2-b7fa7f156a27

GWW

The Zacks Industrial Services industry is bearing the brunt of contraction in order levels as customers remain cautious about spending. Supply-chain constraints and flared-up input costs have added to its woes.Despite this current setback, the rise in e-commerce activities will be a key catalyst for the industry.  Companies like W.W. Grainger, Inc. GWW, MSC Industrial MSM, Hillenbrand HI and DMC Global BOOM are poised to deliver growth, backed by their initiatives to capitalize on this demand and efforts to gain market share. The companies have also been improving their productivity and efficiency to improve margins.About the IndustryThe Zacks Industrial Services industry comprises companies that provide industrial equipment products and MRO (maintenance, repair and operations) services. It includes routine maintenance work, emergency maintenance and spare part inventory control, which keep a facility and its equipment in good operating condition. Industry participants serve various customers, ranging from commercial, government and healthcare to manufacturing. The industry's products (power tools, hand tools, cutting fluids, lubricants, personal protective equipment and consumables) are utilized in production and plant maintenance. They are not directly related to customers’ core products or services. These companies reduce MRO supply-chain costs and improve customers' plant floor productivity by offering inventory management and process and procurement solutions.Trends Shaping the Future of the Industrial Services IndustryContraction in Manufacturing Activity a Concern: Around 70% of the industry’s revenues are derived from sales in the manufacturing sector. Customer activity trends are historically correlated to changes in the Industrial Production Index. Per the Federal Reserve’s latest update, after declining 0.4% in May 2023 and 0.8% in June, industrial production inched up 1% in July 2023. Overall, industrial production has slipped 0.2% over the 12 months ended July 2023. The index for durable goods manufacturing was flat in May, declining 0.4% in June and up 0.8% in July. For the 12 months ended July 2023, it marked a meager improvement of 0.3%. The Institute for Supply Management’s manufacturing index was 47.6% in August, contracting for the 10th month in a row. The average for the 12 months ended August 2023 is 47.8%. Customers have been curbing their spending amid the ongoing uncertainty in the global economy and persisting inflationary trends. The New Orders Index was 47.6% in August, languishing in the contraction territory for 12 months. The manufacturing sector has also been bearing the brunt of supply-chain issues. Some of the industry players have recently noted that supply-chain issues are easing. However, the delivery of goods from suppliers to manufacturing organizations has improved lately.Story continuesPricing Actions to Combat High Costs: The industry has been experiencing significant inflation levels, including higher labor, freight and fuel prices. The companies are witnessing labor shortages for some positions and incurring steep labor costs to meet demand. The industry players are focusing on pricing actions, cost-cutting measures, efforts to improve productivity and efficiency, and the diversification of the supplier base to mitigate some of these headwinds.E-commerce A Key Catalyst: MRO demand is significantly impacted by the evolution of e-commerce. Customers’ demand for highly tailored solutions with real-time access to information and rapid delivery of products is rising. Customers want to execute their business activities in the most efficient way possible, which often means online. The pandemic led to a significant push in e-commerce activities. In 2022, global retail e-commerce revenues amounted to $5.7 trillion and per Statista, it is projected to be $3.64 trillion in 2023. Revenues are expected to see a CAGR of 11.2% over the 2023-2027 period and reach $5.6 trillion in 2027. In 2022, e-commerce accounted for nearly 19% of retail sales worldwide and is expected to be 25% by 2027. To capitalize on this trend, industrial services industry players are investing in e-commerce and digital capabilities.Zacks Industry Rank Indicates Dull ProspectsThe group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates bright prospects in the near term. The Zacks Industrial Services Industry, an 18-stock group within the broader Zacks Industrial Products sector, currently carries a Zacks Industry Rank #150, which places it in the bottom 40% of 250 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry’s positioning in the bottom 50% of the Zacks-ranked industries results from the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, analysts are gradually losing confidence in this group's earnings growth potential. Over the past three months, the industry's earnings estimates for 2023 have moved down 6%.Before we present a few Industrial services stocks that investors can add to their portfolio, it is worth looking at the industry’s stock-market performance and valuation picture.Industry Vs. Broader MarketThe Industrial Services industry has underperformed its sector and the Zacks S&P 500 composite over the past year.Over this period, the industry has risen 6.6% compared with the sector’s growth of 13.3%. The Zacks S&P 500 composite has moved up 11.6%.One-Year Price PerformanceIndustry's Current ValuationBased on the forward 12-month EV/EBITDA ratio, a commonly used multiple for valuing Industrial Services companies, we see that the industry is currently trading at 27.31X compared with the S&P 500’s 11.32X and the Industrial Products sector’s forward 12-month EV/EBITDA of 15.02X. This is shown in the charts below.Enterprise Value/EBITDA (EV/EBITDA) F12M RatioEnterprise Value/EBITDA (EV/EBITDA) F12M RatioOver the last five years, the industry traded as high as 33.49X and as low as 6.04X, with the median being 12.88X.4 Industrial Services Stocks to Keep an Eye onDMC Global: The company delivered record sales and earnings in the second quarter of 2023 aided by strong demand for its differentiated products and improved operating efficiencies at all of its businesses. Also, all three of its businesses delivered adjusted EBITDA margins of more than 20%, Actions implemented by the company earlier this year to streamline its cost structure and improve operating efficiencies have led to this improvement. BOOM’s debt-to-adjusted EBITDA leverage ratio improved to 1.3x at the end of the second quarter of 2023, representing the sixth consecutive quarter of de-levering its balance sheet. The company expects free cash flow to accelerate in the second half of 2023 and plans to end the year with a leverage ratio near 1.0x. The stock has appreciated 38% in the past year.Broomfield, Colorado-based DMC Global provides technical products for the energy, industrial and infrastructure markets worldwide. The Zacks Consensus Estimate for fiscal 2023 earnings indicates growth of 200% from the year-ago actuals. The estimate has moved up 11% over the past 60 days. BOOM has a trailing four-quarter earnings surprise of 23.9% on average. The company currently sports a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Price: BOOMHillenbrand: High levels of backlog in the Advanced Process Solutions (“APS”) segment and efforts to drive operational efficiency will aid its bottom-line performance in fiscal 2023. The company recently closed the acquisition of the Schenck Food and Performance Materials business. This deal strengthens HI’s leadership position across attractive, growing end markets of food, durable plastics, and chemicals. This marks another step in the execution of the company’s strategy to grow as a pure-play industrial company. This acquisition is expected to be accretive to adjusted earnings per share within the first full year and deliver ROIC over the cost of capital by the fifth year. The stock has gained 17.3% in a year.Batesville, IN-based Hillenbrand is a global industrial company operating in over 40 countries, catering to various industries worldwide. The Zacks Consensus Estimate for HI’s fiscal 2023 earnings has increased 1.5% over the past 60 days. The company stock currently carries a Zacks Rank #2 (Buy). Price: HIGrainger: The company continues to deliver improved results, aided by margin improvement in the High-Touch Solutions North America (N.A.) and Endless Assortment segments and a solid operating performance. GWW is well-poised to gain from efforts to increase its customer base through incremental marketing investments and effective marketing strategies. The High Touch Solutions North America (N.A.) segment will continue to benefit from pricing actions and continued volume growth. The Endless Assortment segment is gaining from customer acquisitions at its Zoro and MonotaRO businesses. Cost-control measures undertaken by GWW will sustain margins. The company also focuses on improving the end-to-end customer experience by investing in its e-commerce and digital capabilities and executing improvement initiatives within its supply chain. Its shares have gained 21% in the past year.Lake Forest, IL-based Grainger is a broad-line, business-to-business distributor of MRO supplies and other related products and services. The Zacks Consensus Estimate for 2023 earnings has inched up 0.5% in the past 60 days. The consensus mark indicates growth of 21.5% from the prior-year reported number. GWW currently has a trailing four-quarter earnings surprise of 8.3% on average. GWW has an estimated long-term earnings growth rate of 13% and a Zacks Rank #3 (Hold).Price: GWWMSC Industrial: The third quarter of fiscal 2023 (ended Jun 3, 2023) marked the fifth consecutive quarter of double-digit average daily sales growth for the company. Also in the quarter, MSM delivered average daily sales growth of 11.7%, outperforming the Industrial Production index by double digits for the second consecutive quarter. MSM expects this outperformance to continue as it executes its five growth drivers, which are solidifying metalworking, leveraging its portfolio strength, expanding solutions, growing e-commerce, and diversifying customers and end markets with a particular focus on the public sector. The company’s capital allocation priority remains investing in growth initiatives to drive profitability, pursuing margin-accretive deals through strategic mergers and acquisitions, and returning cash to shareholders. The company expects additional savings of $15 million from its Mission Critical initiative. These savings, combined with solid productivity, are expected to boost margins. Its shares have risen 20% in the last year.Melville, NY-based MSC Industrial distributes metalworking and maintenance, repair, and operations products and services in the United States, Canada, Mexico, and the U.K. The Zacks Consensus Estimate for MSM’s 2023 earnings has remained stable in the past 60 days. The consensus mark indicates year-over-year growth of 2.3%. The company has a trailing four-quarter earnings surprise of 2.3% on average. It currently carries a Zacks Rank #3.Price: MSMWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportW.W. Grainger, Inc. (GWW) : Free Stock Analysis ReportMSC Industrial Direct Company, Inc. (MSM) : Free Stock Analysis ReportDMC Global (BOOM) : Free Stock Analysis ReportHillenbrand Inc (HI) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

4 Industrial Services Stocks Countering Industry Headwinds

https://finance.yahoo.com/news/4-industrial-services-stocks-countering-160300373.html

b500c3c7-7e22-3a51-9064-f7f2cfa40774

GWW

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad.In contrast to all that, many investors prefer to focus on companies like W.W. Grainger (NYSE:GWW), which has not only revenues, but also profits. Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide W.W. Grainger with the means to add long-term value to shareholders. View our latest analysis for W.W. Grainger How Quickly Is W.W. Grainger Increasing Earnings Per Share?If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. W.W. Grainger's shareholders have have plenty to be happy about as their annual EPS growth for the last 3 years was 45%. Growth that fast may well be fleeting, but it should be more than enough to pique the interest of the wary stock pickers.Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. W.W. Grainger maintained stable EBIT margins over the last year, all while growing revenue 13% to US$16b. That's encouraging news for the company!You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart.Story continuesearnings-and-revenue-historyFortunately, we've got access to analyst forecasts of W.W. Grainger's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.Are W.W. Grainger Insiders Aligned With All Shareholders?Owing to the size of W.W. Grainger, we wouldn't expect insiders to hold a significant proportion of the company. But thanks to their investment in the company, it's pleasing to see that there are still incentives to align their actions with the shareholders. Notably, they have an enviable stake in the company, worth US$3.1b. Investors will appreciate management having this amount of skin in the game as it shows their commitment to the company's future.It means a lot to see insiders invested in the business, but shareholders may be wondering if remuneration policies are in their best interest. Well, based on the CEO pay, you'd argue that they are indeed. The median total compensation for CEOs of companies similar in size to W.W. Grainger, with market caps over US$8.0b, is around US$12m.The W.W. Grainger CEO received US$10.0m in compensation for the year ending December 2022. That seems pretty reasonable, especially given it's below the median for similar sized companies. While the level of CEO compensation shouldn't be the biggest factor in how the company is viewed, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. It can also be a sign of good governance, more generally.Should You Add W.W. Grainger To Your Watchlist?W.W. Grainger's earnings per share have been soaring, with growth rates sky high. An added bonus for those interested is that management hold a heap of stock and the CEO pay is quite reasonable, illustrating good cash management. The sharp increase in earnings could signal good business momentum. W.W. Grainger certainly ticks a few boxes, so we think it's probably well worth further consideration. It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with W.W. Grainger , and understanding this should be part of your investment process.There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a free list of them here.Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

If EPS Growth Is Important To You, W.W. Grainger (NYSE:GWW) Presents An Opportunity

https://finance.yahoo.com/news/eps-growth-important-w-w-143120566.html

2bfff7e8-e8a3-3532-a224-a6646febb891

HAIN

The Hain Celestial Group, Inc.HOBOKEN, N.J., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Hain Celestial Group (Nasdaq: HAIN) (“Hain”, “Hain Celestial” or the “Company”), a leading manufacturer of better-for-you brands to inspire healthier living, will host an Investor Day on Wednesday, September 13, 2023, as previously announced. Management’s presentation will begin at 8:30 AM ET and will be followed by a Q&A session. The webcast is expected to conclude at approximately 11:00 AM ET.Due to limited capacity, in-person attendance is by invitation only. The event will be webcast and all interested parties are invited to access. The live webcast and accompanying slide presentation will be available under the Investors section of the Company’s corporate website at www.hain.com. A replay will be available following the conclusion of the event and for at least 6 months thereafter.About The Hain Celestial GroupHain Celestial Group is a global health and wellness company whose purpose is to inspire healthier living for people, communities, and the planet through better-for-you brands. For more than 30 years, our portfolio of beloved brands has intentionally focused on delivering nutrition and well-being that positively impacts today and tomorrow. Headquartered in Hoboken, N.J., Hain Celestial’s products across snacks, baby/kids, beverages, meal preparation, and personal care, are marketed and sold in over 75 countries around the world. Our leading brands include Garden Veggie™ Snacks, Terra chips®, Garden of Eatin’® snacks, Earth’s Best® and Ella’s Kitchen® baby and toddler foods, Celestial Seasonings® teas, Joya® and Natumi® plant-based beverages, Greek Gods® yogurt, Yorkshire Provender®, Cully & Sully® and Covent Garden® soups, Yves® and Linda McCartney’s® (under license) meat-free, Alba Botanica® natural sun care, and Live Clean® personal care products, among others. For more information, visit hain.com and LinkedIn.ContactsInvestor Relations:Alexis [email protected] continuesMedia:Jen [email protected]

GlobeNewswire

Hain Celestial to Host Investor Day Webcast

https://finance.yahoo.com/news/hain-celestial-host-investor-day-200500211.html

223167f6-3cc7-323f-b482-e4931cf066a9

HAIN

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Hain Celestial Group (NASDAQ:HAIN) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.Understanding Return On Capital Employed (ROCE)Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Hain Celestial Group is:Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)0.043 = US$87m ÷ (US$2.3b - US$231m) (Based on the trailing twelve months to June 2023).So, Hain Celestial Group has an ROCE of 4.3%. Ultimately, that's a low return and it under-performs the Food industry average of 11%. View our latest analysis for Hain Celestial Group roceAbove you can see how the current ROCE for Hain Celestial Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Hain Celestial Group here for free.What Can We Tell From Hain Celestial Group's ROCE Trend?There hasn't been much to report for Hain Celestial Group's returns and its level of capital employed because both metrics have been steady for the past five years. It's not uncommon to see this when looking at a mature and stable business that isn't re-investing its earnings because it has likely passed that phase of the business cycle. With that in mind, unless investment picks up again in the future, we wouldn't expect Hain Celestial Group to be a multi-bagger going forward.Story continuesWhat We Can Learn From Hain Celestial Group's ROCEIn a nutshell, Hain Celestial Group has been trudging along with the same returns from the same amount of capital over the last five years. Since the stock has declined 65% over the last five years, investors may not be too optimistic on this trend improving either. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.On a separate note, we've found 1 warning sign for Hain Celestial Group you'll probably want to know about.For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Hain Celestial Group (NASDAQ:HAIN) Has More To Do To Multiply In Value Going Forward

https://finance.yahoo.com/news/hain-celestial-group-nasdaq-hain-145407797.html

8f3a65ee-d199-3973-90bf-c59197aae2c4

HAL

The head of the U.S. Senate Foreign Relations Committee has asked the country's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine, and demanded that they commit to “cease all investments” in Russia's fossil fuel infrastructure.Sen. Bob Menendez, a Democrat from New Jersey, cited an Associated Press report that the companies — SLB, Baker Hughes and Halliburton — helped keep Russian oil flowing even as sanctions targeted the Russian war effort.Russia imported more than $200 million in technology from the three companies in the year following the invasion in February 2022, customs data obtained by B4Ukraine and vetted by The AP showed. Market leader SLB, formerly Schlumberger, even slightly grew its Russian business. Much of Russia’s oil is hard to reach, and analysts say that had U.S. oilfield services companies all pulled out, its production would have taken an immediate hit.Menendez, in letters to the chief executives of the three companies, said he was “extremely disturbed” by AP's findings. He noted that President Joe Biden and Congress had imposed “ wide-ranging sanctions related to Russia’s violation of another nation’s sovereignty,” while Russia’s invasion was “particularly heinous,” its soldiers committing “tens of thousands of atrocities.”As people around the world made sacrifices in solidarity with Ukraine, the July 27 letter concluded, “your company sought to make a profit... there is simply no good explanation for this behavior, other than to make a dollar.”There's no evidence any of the firms violated sanctions by continuing to send equipment to Russia. Halliburton wound down its Russia operations less than six months after the invasion, while Baker Hughes sold its oilfield services business in Russia after about nine months. SLB announced it would stop exporting technology to Russia two days after AP asked for final comment on its first report, in July.Story continuesIn contrast, oil majors such as Shell and BP announced they would quit Russia within days or weeks of the invasion, writing off billions of dollars.SLB spokeswoman Moira Duff declined to comment on conversations with elected officials or regulators after receiving Menendez's letter, and didn't respond to questions about future investment in Russia. As of this spring, SLB had 9,000 employees there; in July, Duff confirmed the company still had employees in the country. On Sept. 1, she told The AP that in general “nothing has changed” since July, when the company insisted it had followed all laws and condemned the war. But she declined to discuss the number of employees SLB still has in Russia.A Baker Hughes spokeswoman confirmed receipt of Menendez's letter and said the company was addressing the concerns “directly with his office.”Halliburton spokesman Brad Leone said by email that the firm was the first major oilfield services company to exit Russia, in compliance with sanctions. “It has been more than a year since we have conducted operations there,” he said.B4Ukraine is a coalition of more than 80 nonprofits that has pressed Western businesses to exit the Russian market. Executive director Eleanor Nichol singled out SLB for criticism.“It’s perverse that an American company continues to prop up Russia’s oil sector while the U.S. government and citizens have made sacrifices for Ukraine," she said.___Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

AP Finance

Foreign Relations chair seeks answers from US oil firms on Russia business after Ukraine invasion

https://finance.yahoo.com/news/foreign-relations-chair-seeks-answers-143449245.html

7d426540-5807-31ba-8b2f-a5b92f0e8d60

HAL

Halliburton (HAL) closed the most recent trading day at $41.08, moving +0.49% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.32%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, lost 0.89%.Heading into today, shares of the provider of drilling services to oil and gas operators had gained 1.04% over the past month, lagging the Oils-Energy sector's gain of 4.35% and outpacing the S&P 500's loss of 0.12% in that time.Wall Street will be looking for positivity from Halliburton as it approaches its next earnings report date. In that report, analysts expect Halliburton to post earnings of $0.77 per share. This would mark year-over-year growth of 28.33%. Meanwhile, our latest consensus estimate is calling for revenue of $5.85 billion, up 9.27% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.04 per share and revenue of $23.28 billion. These totals would mark changes of +41.4% and +14.71%, respectively, from last year.It is also important to note the recent changes to analyst estimates for Halliburton. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Halliburton currently has a Zacks Rank of #3 (Hold).Digging into valuation, Halliburton currently has a Forward P/E ratio of 13.44. Its industry sports an average Forward P/E of 19.16, so we one might conclude that Halliburton is trading at a discount comparatively.Story continuesWe can also see that HAL currently has a PEG ratio of 0.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.77 as of yesterday's close.The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHalliburton Company (HAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Halliburton (HAL) Gains As Market Dips: What You Should Know

https://finance.yahoo.com/news/halliburton-hal-gains-market-dips-214518375.html

182eb9a7-d981-3cd1-8e65-978e3fa3c901

HAS

It has been about a month since the last earnings report for Take-Two Interactive (TTWO). Shares have added about 1.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Take-Two due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.Take-Two Q1 Earnings Lag Estimates, Revenues Up Y/YTake-Two Interactive Software reported first-quarter fiscal 2024 adjusted earnings of 36 cents per share, which missed the Zacks Consensus Estimate by a penny. The company reported earnings of 61 cents per share in the year-ago quarter.Net revenues jumped 16.5% year over year to $1.28 billion.Game revenues (85.3% of revenues) improved 7.5% year over year to $1.1 billion. Advertising revenues (14.7% of revenues) surged 126.7% year over year to $188.6 million.Quarter DetailsRecurrent consumer spending (which is generated from ongoing consumer engagement and includes virtual currency, add-on content, in-game purchases and in-game advertising) surged 29% year over year and accounted for 83% of total net revenues.Top-line growth benefited from strong adoption titles, including NBA 2K23, Grand Theft Auto Online and Grand Theft Auto V, hyper-casual mobile portfolio, Toon Blast, Empires & Puzzles, Merge Dragons!, Red Dead Redemption 2 and Red Dead Online, Words With Friends and Toy Blast.Take-Two’s gross profit increased 1.9% year over year to $679.2 million. Reported gross margin was 52.9% compared with 60.5% reported in the year-ago quarter.Operating expenses surged 25.5% year over year to $883.5 million.Operating loss was $204.3 million against the year-ago quarter’s operating income of $128.9 million.Balance SheetAs of Jun 30, 2023, Take-Two had $1.27 billion in cash, cash equivalents and short-term investments compared with $1.01 billion as of Mar 31, 2023.The company had a debt of $3.08 billion as of Jun 30, almost unchanged from Mar 31, 2023.Story continuesGuidanceFor the second quarter of fiscal 2024, Take-Two expects GAAP net revenues between $1.26 billion and $1.31 billion. It expects a loss between $1 and 90 cents per share.For fiscal 2024, the company expects GAAP net revenues between $5.37 billion and $5.47 billion. It expects a loss between $3.20 and $2.95 per share.For fiscal 2024, net cash provided by operating activities is expected to be roughly $90 million. Capital expenditures are expected to be approximately $180 million.How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.VGM ScoresAt this time, Take-Two has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Take-Two has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.Performance of an Industry PlayerTake-Two belongs to the Zacks Toys - Games - Hobbies industry. Another stock from the same industry, Hasbro (HAS), has gained 10.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2023.Hasbro reported revenues of $1.21 billion in the last reported quarter, representing a year-over-year change of -9.7%. EPS of $0.49 for the same period compares with $1.15 a year ago.Hasbro is expected to post earnings of $1.82 per share for the current quarter, representing a year-over-year change of +28.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.2%.Hasbro has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportTake-Two Interactive Software, Inc. (TTWO) : Free Stock Analysis ReportHasbro, Inc. (HAS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Take-Two (TTWO) Up 1.1% Since Last Earnings Report: Can It Continue?

https://finance.yahoo.com/news/two-ttwo-1-1-since-153055448.html

3dd74e2a-c0be-378c-8350-a4579c4ebb4f

HAS

AI is a topic that has dominated the headlines at Goldman Sachs’ annual ‘Communacopia’ tech conference this week. Yahoo Finance Executive Editor Brian Sozzi spoke to analysts and top executives from the technology, media, and telecommunications landscape in San Francisco regarding AI integration across the industry.Nextdoor (KIND) is utilizing AI to help users compose posts and keep communities better connected. Nextdoor CEO Sarah Friar said, "Nextdoor is doing some pretty cool things on the AI front with its assistant ... with that data we can do things like help a neighbor compose a post.Zoom (ZM) announced some new integrations including Zoom AI companion. Zoom CFO Kelly Steckelberg explained, "There are things like chat compose ... There are things like meeting summaries, which after the fact help categorize and capture not only what happened in the meeting, but also the true sentiment."Hasbro (HAS) is planning to adopt AI within its digital gaming sector. Hasbro CEO Chris Cocks said, "I think any creative would admit that AI is transformative to how they think about and how they concept new ideas. So I think it's gonna be very exciting."Okta (OKTA) CEO Todd McKinnon discussed Okta's adoption of AI models, like ChatGPT, and the impact of AI across the industry. McKinnon explained, "There's a lot of hype in our industry. I think this may be under hyped. I think it impacts things at so many levels."News Corporation (NWSA) CEO Robert Thomson explained the impact of AI on the media industry. Thomson stated, "We're facing another wave, in this case a tsunami potentially, of job losses because of the impact of AI ... It's important that all media companies understand the impact, but it's also incumbent on the big AI players to understand their impact."Intuit (INTU) is launching 'Intuit Assist,' a generative AI assistant. Intuit CEO Sasan Goodarzi explained that it's "really a personalized, intelligent assistant in your pocket."Story continuesGrindr (GRND) CEO George Arison explained the impact of AI and how the company plans to utilize it within its app. Arison said, "AI is gonna change this whole industry completely. And so we're thinking a lot about how do we use AI to match people a lot better and to support the conversations that are happening."Video highlights:00:00:12 - Nextdoor CEO Sarah Friar00:00:38 - Zoom CFO Kelly Steckelberg00:01:12 - Hasbro CEO Chris Cocks00:01:24 - Okta CEO Todd McKinnon00:01:43 - News Corporation CEO Robert Thomson00:02:09 - Intuit CEO Sasan Goodarzi00:02:34 - Grindr CEO George ArisonVideo TranscriptRACHELLE AKUFFO: Goldman Sachs analyst and top executives from across the technology media and telecoms landscape are gathered in San Francisco for its annual Communacopia and technology conference.SARAH FRIAR: Nextdoor, there's doing some pretty cool things on the AI front with our assistant and also with Vitality. For us, it actually starts to unleash unique data. We are the local knowledge graph. So I think the value of what we do starts to really shine forth. We're the only platform where you're finding out what's going on around you locally in real time.So with that data, we can do things like on the platform help a neighbor compose a post in a way that is more engaging. So the assistant or the AI actually does that for you.KELLY STECKELBERG: There's lots of interesting discussions we can have around AI. So we announced just this morning, Zoom AI companion, which is our answer to how generative AI is going to be included in our platform.And there's all kinds of really cool features that come with that for our paid subscribers. There are things like chat compose, if you're in the chat thread and you want to be able to respond to that. There are things like meeting summaries, which, after the fact, help categorize and capture not only what happened in the meeting, but also the true sentiment.CHRIS COCKS: I think any creative would admit that AI is transformative to how they think about and how they concept new ideas. So I think it's going to be very exciting. It's still early innings. And we've got to figure out how to do it right.TODD MCKINNON: There's a lot of hype in our industry. I think this may be underhyped. I think it impacts things at so many levels. It impacts how we interact with computers and how they seem personal. It generates how art and media is created. It's really a breakthrough in computer science. And it impacts not only the products, but it impacts how software is created.ROBERT THOMSON: There certainly needs to be a lot of debate about AI and journalism. 57% of newsroom jobs in the United States have been lost. We're facing another wave, in this case, a tsunami potentially of job losses because of the impact of AI. And these are not just jobs lost, but it's inside lost. It's important that all media companies understand the impact. But also, it's incumbent on the big AI players to understand their impact.SASAN GOODARZI: We launched Intuit Assist. An Intuit Assist is really a personalized intelligent assistant in your pocket. It's also powered by AI-driven human experts. So that when you are getting assistance from Intuit Assist, if you ever need to talk to an expert, no matter what it is that you're doing, you're able to do that. So there's always a gateway to help.GEORGE ARISON: AI is going to change this whole industry completely. And so we're thinking a lot about how do we use AI to match people a lot better and to support the conversations that are happening.I think conversational AI is also a big opportunity because people do produce all these messages. So helping them craft those messages, make it easier to communicate, I think, is something people will really appreciate as well.

Yahoo Finance Video

Investing in AI: Goldman Sachs conference roundup

https://finance.yahoo.com/video/investing-ai-goldman-sachs-conference-135539527.html

53cb9d7d-4d30-39fb-a3aa-39acaeeb6b51

HAYN

Haynes International, Inc.Company record backlog of $468.1 million as of June 30, 2023, up 38.4% year-over-year, with continued strength in aerospace and industrial gas turbine demand.Net revenue of $143.9 million, reduced by an estimated $18-$20 million due to a cybersecurity incident. Company is now back to full production and expects to make up the third quarter cyber-related revenue impact over the next few quarters. Margin compression from the impact of the cybersecurity incident, along with raw material headwinds, resulted in a gross margin of 18.1% of net revenue.Net income of $8.8 million, or $0.68 diluted earnings per share, which was reduced by an estimated $0.40 to $0.45 from the cybersecurity incident and an additional $0.09 from the raw material headwind.  This compares to last year’s third quarter net income of $15.6 million, or $1.24 diluted earnings per share, which included a favorable raw material tailwind of $0.25 per diluted share.Quarter-end revolver balance of $98.7 million, a decrease of $9.3 million during the third quarter of fiscal 2023.  Renewed credit facility for five years and increased to $200 million providing strong liquidity. Capital investment in first nine months of fiscal 2023 of $11.8 million. Total planned capital expenditures for fiscal 2023 expected to be $16-18 million. Regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock declared.KOKOMO, Ind., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GS: HAYN) (the “Company”), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, today reported financial results for its third fiscal quarter ended June 30, 2023. In addition, the Company announced that its Board of Directors has authorized a regular quarterly cash dividend of $0.22 per outstanding share.“Based on our team’s rapid response to the June cybersecurity incident, we were able to contain the impact to within our third quarter.  We are now producing at very high levels at each of our facilities”, said Michael L. Shor, President and Chief Executive Officer. “We anticipate that our fourth quarter volume shipped will be the best of the fiscal year.  A key strength of our Company continues to be our talented and dedicated workforce, and we are pleased with the recently ratified five year labor agreement at our Kokomo facility.”Story continues3rd Quarter ResultsNet Revenues.   Net revenues were $143.9 million in the third quarter of fiscal 2023, an increase of 10.6% from the same period of fiscal 2022 due to an increase in product average selling price per pound of $3.64 or 13.4%. The increase in product average selling price per pound largely reflects price increases and other sales factors, which increased the product average selling price per pound by approximately $5.76. It also includes a favorable product mix, which increased product average selling price per pound by approximately $0.26. Partially offsetting these increases were lower market prices of raw materials, which decreased product average selling price per pound by approximately $2.38. The decrease in pounds sold is due to lower shipments of product later in the quarter because of a cybersecurity incident that caused disruption in our manufacturing locations. The reduction in pounds sold is largely attributable to the reduction in the chemical processing market as we have focused our production away from some of our lower-value alloys towards our higher-value products more commonly found in aerospace and industrial gas turbines.    Cost of Sales. Cost of sales was $117.8 million, or 81.9% of net revenues, in the third quarter of fiscal 2023 compared to $96.9 million, or 74.5% of net revenues, in the same period of fiscal 2022. Cost of sales as a percentage of revenues in the third quarter of fiscal 2023 was higher than third quarter of fiscal 2022 due to higher raw material prices included in cost of sales relative to the impact of raw material price adjustors in selling prices.Gross Profit.   Gross profit was $26.1 million for the third quarter of fiscal 2023, a decrease of $7.2 million from the same period of fiscal 2022. Gross profit in the third quarter of fiscal 2023 decreased compared to the same quarter of the prior year as gross profit in the third quarter of fiscal 2023 was adversely impacted by higher raw material prices included in cost of sales relative to the impact of raw material price adjustors in selling prices, which decreased gross profit. In the third quarter of fiscal 2022, gross profit benefited from lower raw material prices included in cost of sales relative to the impact of raw material price adjustors in selling prices, which increased gross profit. Additionally, lower volumes shipped in the third quarter of fiscal 2023 due to the cybersecurity incident resulted in a lower absorption of fixed costs.Selling, General and Administrative Expense.   Selling, general and administrative expense was $11.8 million for the third quarter of fiscal 2023, similar to the same period of fiscal 2022. The decrease as a percent of net revenues from 9.1% to 8.2% for selling, general and administrative expense was largely driven by higher net revenues as spend in the third quarter of fiscal 2023 was consistent with the third quarter of fiscal 2022.Research and Technical Expense. Research and technical expense was $1.0 million, or 0.7% of net revenue, for the third quarter of fiscal 2023, compared to $1.0 million, or 0.7% of net revenue, in the same period of fiscal 2022.Operating Income.   The above factors, including the impacts from raw material prices in selling prices differing from raw material prices included in cost of sales and lower volumes due to the cybersecurity incident, led to a decrease in operating income to $13.2 million in the third quarter of fiscal 2023 compared to $20.4 million in the same period of fiscal 2022.Nonoperating retirement benefit expense.   Nonoperating retirement benefit expense was a benefit of $0.4 million in the third quarter of fiscal 2023 compared to a benefit of $1.1 million in the same period of fiscal 2022. The lower benefit recorded in nonoperating retirement benefit was primarily driven by an increase in the discount rate used in the actuarial valuation of the U.S. pension plan liability as of September 30, 2022 which resulted in a higher interest cost component of nonoperating retirement benefit expense (income) in the third quarter of fiscal 2023 when compared to the third quarter of fiscal 2022. Partially offsetting the higher interest cost was the amortization of the actuarial gains of the U.S. pension plan liability in the second quarter of fiscal 2023.Income Taxes.   Income tax expense was $2.7 million during the third quarter of fiscal 2023, a difference of $2.5 million from expense of $5.1 million in the same period of fiscal 2022, driven primarily by a difference in income before income taxes of $9.3 million. Income tax expense in the third quarter of fiscal 2023 as a percentage of income before income taxes was 23.5% as compared to 24.8% in the third quarter of fiscal 2022. The decrease was largely driven by a higher utilization of foreign tax credits in fiscal 2023.Net Income. As a result of the above factors, net income in the third quarter of fiscal 2023 was $8.8 million, compared to $15.6 million in the same period of fiscal 2022.Cybersecurity IncidentAs previously disclosed, the Company began experiencing a network outage indicative of a cybersecurity incident on June 10, 2023. Upon detection of the incident, the Company engaged third-party specialists to assist in investigating the source of the outage, determine its potential impact on the Company’s systems, and securely restore full system functionality. On June 21, 2023, less than 2 weeks after the incident began, the Company announced that all manufacturing operations were running and that the Company had substantially restored administrative, sales, financial and customer service functions. Nevertheless, during those 11 days many aspects of the Company’s production were substantially disrupted.Based on lost production time, the Company estimates that net revenues for the quarter were impacted by roughly $18 - $20 million resulting in net sales for the third quarter of $143.9 million. The lower production level also impacted efficiency and absorption of fixed costs which compressed the gross margin percentage for the quarter and impacted earnings. Also impacting earnings are the costs related to the investigation and restoration efforts. In total, the Company currently estimates the full impact of this event to be approximately $0.40 - $0.45 on diluted earnings per share. In addition, the estimated headwind from raw material fluctuations, primarily Cobalt, lowered diluted earnings per share an additional $0.09 resulting in a diluted earnings per share of $0.68 for the third quarter of fiscal 2023.Volumes and PricingVolume shipped in the third quarter of fiscal 2023 was 4.4 million pounds which is 2.5% lower than the third quarter of the prior fiscal year and 5.1% lower sequentially from the second quarter of fiscal 2023. The lower volumes were primarily a result of the cybersecurity incident which during an 11-day period substantially disrupted many aspects of the Company’s production during the last month of the quarter as discussed above. Volumes shipped into the aerospace market remained solid despite the cyber-related disruption. Aerospace volume increased 10.9% along with a 14.5% increase in aerospace average selling price, resulting in a 27.0% or $16.5 million aerospace revenue increase compared to the prior year. The volume increase was primarily driven by the single-aisle commercial aircraft recovery. Similarly, industrial gas turbine (IGT) volumes increased 20.3% partially offset by a 2.7% decrease in the IGT average selling price, which resulted in a 17.0% or $4.1 million IGT revenue increase compared to the prior year. Volumes in the chemical processing industry (CPI) decreased by 47.6%. However, CPI average selling price increased 39.7%, which resulted in a 26.8% or $6.5 million CPI revenue decrease compared to the prior year. Other markets revenue decreased 7.6%, however other revenue increased by 11.8%. Decreases in CPI and Other Markets were impacted by the cybersecurity incident as well as mix management actions related to low-margin commoditized products.The Company has an ongoing strategy of increasing margins. This is achieved by reducing processing costs as well as increasing pricing for the high-value, differentiated products and services it offers. The Company implemented multiple price increases for contract and non-contract business as market conditions improved and in response to higher inflation. Customer long-term agreements typically have adjustors for specific raw material prices and for changes in the producer price index to help cover general inflationary items. The product average selling price per pound in the third quarter of fiscal 2023 was $30.87, which is a 13.4% increase year-over-year, primarily due to the noted price increases and raw material adjustorsGross Profit Margin Trend PerformanceThe Company has made a significant strategic effort to improve gross margins over the past few years. As a result of this strategy, the Company reduced the volume breakeven point by over 25%. The Company previously struggled to be profitable at roughly 5.0 million pounds. With the current product mix, the Company can generate profits at lower volumes as first demonstrated in the third quarter of fiscal 2021, producing a positive net income at only 3.7 million pounds shipped.Gross profit margin was 18.1% in the third quarter of fiscal 2023 compared to 25.5% in the same period last year and 20.2% in second quarter of fiscal 2023. The gross margin percentage was negatively impacted this quarter by the cybersecurity incident estimated at roughly two percentage points. Volatility of raw materials, specifically nickel and cobalt, have impacted gross margins. During fiscal 2022 this impact was favorable due to rising raw material prices which increased gross margins; however, in fiscal 2023 this impact was unfavorable due to decreasing raw material prices which lowered gross margins. The estimated impact from raw material volatility in each quarter of fiscal 2023 was a headwind of $5.6 million in the first quarter that compressed gross margin percentage by approximately 4.2%, a headwind of $1.7 million in the second quarter that compressed gross margin percentage by approximately 1.1% and a headwind of $1.5 million in the third quarter that compressed gross margin percentage by approximately 1.1%. This compares to the previous year’s estimated favorable impact of raw material prices in the third quarter of fiscal 2022 of approximately $4.1 million which increased gross margin percentage by approximately 3.1%.BacklogThe Company continued to experience high levels of order entry over the past quarter, predominately in the aerospace and industrial gas turbine markets. The Company established another record backlog of $468.1 million as of June 30, 2023, an increase of $21.4 million, or 4.8% from the second quarter of fiscal 2023 and an increase of $130.0 million, or 38.4%, from the same period of last year. In addition, the backlog has increased for 27 consecutive months. Backlog pounds increased 3.2% during the third quarter to approximately 14.6 million pounds and increased by 20.7% from the third quarter of fiscal 2022.Capital SpendingDuring the first nine months of fiscal 2023, capital investment was $11.8 million, and total planned capital expenditures for fiscal 2023 are expected to be between $16.0 million and $18.0 million.Working CapitalControllable working capital, which includes accounts receivable, inventory, accounts payable and accrued expenses, was $426.2 million as of June 30, 2023, an increase of $47.9 million, or 12.7%, from $378.3 million as of September 30, 2022. The increase resulted primarily from inventory increasing by $54.1 million and accounts payable and accrued expenses decreasing by $1.0 million, partially offset by accounts receivable decreasing by $7.2 million during the first nine months of fiscal 2023.LiquidityThe Company had cash and cash equivalents of $12.9 million as of June 30, 2023 compared to $8.4 million as of September 30, 2022.  Additionally, the Company had $98.7 million of borrowings against the $200.0 million line of credit outstanding with remaining capacity available of $101.3 million as of June 30, 2023, putting total liquidity at $114.2 million.Net cash used in operating activities in the first nine months of fiscal 2023 was $6.1 million compared to net cash used in operating activities of $57.6 million in the first nine months of fiscal 2022. The decrease in cash used in operating activities in the first nine months of fiscal 2023 was driven by an increase in inventory of $47.2 million as compared to an increase of $98.9 million during the same period of fiscal 2022 and a decrease in accounts receivable of $11.0 million as compared to an increase of $24.3 million during the same period of fiscal 2022. This was partially offset by a decrease in accounts payable and accrued expenses of $4.6 million during the first nine months of fiscal 2023 as compared to an increase of $18.0 million during the same period of fiscal 2022, a difference of $22.7 million.Net cash used in investing activities was $11.8 million in the first nine months of fiscal 2023, which was higher than net cash used in investing activities of $11.5 million during the same period of fiscal 2022 due to higher additions to property, plant and equipment.Net cash provided by financing activities was $21.3 million in the first nine months of fiscal 2023, a decrease of $10.2 million from cash provided by financing activities of $31.5 million during the first nine months of fiscal 2022. This difference was primarily driven by a net borrowing of $23.9 million against the revolving line of credit during the first nine months of fiscal 2023 compared to a net borrowing of $46.5 million during the same period of fiscal 2022. This was partially offset with proceeds from the exercise of stock options of $8.2 million during the first nine months of fiscal 2023 as compared to proceeds from exercise of stock options of $0.3 million during the same period of fiscal 2022 and lower share repurchases of $0.9 million in the first nine months of fiscal 2023 as compared to $6.8 million during the same period of fiscal 2022. Dividends paid of $8.4 million during the first nine months of fiscal 2023 were higher than dividends paid of $8.3 million during the same period of fiscal 2022.Dividend DeclaredOn August 3, 2023, the Company announced that the Board of Directors declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock. The dividend is payable September 15, 2023 to stockholders of record at the close of business on September 1, 2023. Any future dividends will be at the discretion of the Board of Directors.GuidanceThe cyber-related revenue impact is expected to be made up over the next few quarters into fiscal 2024. The Company has regained good momentum with the flow of orders at each of its operating locations and expects fourth quarter fiscal 2023 net revenues and earnings to be the highest of fiscal 2023.  Fourth quarter earnings are expected to be unfavorably impacted by additional headwinds from the continued reduction in the price of both nickel and cobalt.Earnings Conference CallThe Company will host a conference call on Friday, August 4, 2023 to discuss its results for the third quarter of fiscal 2023. Michael Shor, President and Chief Executive Officer, and Daniel Maudlin, Vice President of Finance and Chief Financial Officer, will host the call and be available to answer questions.To participate, please dial the teleconferencing number shown below five minutes prior to the scheduled conference time.   Date:Friday, August 4, 2023Dial-In Numbers:888-506-0062 (Domestic)Time:9:00 a.m. Eastern Time 973-528-0011 (International)  Access Code:497969    A live Webcast of the conference call will be available at www.haynesintl.com.For those unable to participate, a teleconference replay will be available from Friday, August 4th at 11:00 a.m. ET, through 11:59 p.m. ET on Sunday, September 3, 2023. To listen to the replay, please dial:Replay:877-481-4010 (Domestic)919-882-2331 (International)Replay Passcode:48694  A replay of the Webcast will also be available for one year at www.haynesintl.com.Non-GAAP Financial MeasuresThis press release includes certain financial measures, including Adjusted EBITDA for the fiscal quarters ended June 30, 2022 and 2023 and Adjusted gross profit margin – excluding estimated impact of nickel and cobalt fluctuations for the fiscal quarters ended June 30, 2022 and 2023 that have not been calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).The Company believes that these non-GAAP measures provide useful information to investors. Among other things, they may help investors evaluate the Company’s ongoing operations. They can assist in making meaningful period-over-period comparisons and in identifying operating trends that would otherwise be masked or distorted by the items subject to adjustments. Management uses these non-GAAP measures internally to evaluate the performance of the business, including to allocate resources. Investors should consider these non-GAAP measures as supplemental and in addition to, not as a substitute for or superior to, measures of financial performance prepared in accordance with GAAP.Management has chosen to provide this supplemental information to investors, analysts, and other interested parties to enable them to perform additional analyses of our results and to illustrate our results giving effect to the non-GAAP adjustments. Management strongly encourages investors to review the Company's consolidated financial statements and publicly filed reports in their entirety and cautions investors that the non-GAAP measures used by the Company may differ from similar measures used by other companies, even when similar terms are used to identify such measures.Reconciliations of Adjusted EBITDA and Adjusted gross profit margin – excluding estimated impacts of nickel and cobalt fluctuations to their most directly comparable financial measure prepared in accordance with GAAP, accompanied by reasons why the Company believes the non-GAAP measures are important, are included in the attached schedules.About Haynes InternationalHaynes International, Inc. is a leading developer, manufacturer and marketer of technologically advanced, high performance alloys, primarily for use in the aerospace, industrial gas turbine and chemical processing industries.Cautionary Note Regarding Forward-Looking StatementsThis press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. All statements other than statements of historical fact, including statements regarding market and industry trends and prospects and future results of operations or financial position, made in this press release are forward-looking. In many cases, you can identify forward-looking statements by terminology, such as “may”, “should”, “expects”, “intends”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of such terms and other comparable terminology. The forward-looking information may include, among other information, statements concerning the Company’s guidance and outlook for fiscal 2023 and beyond, overall volume and pricing trends, cost reduction strategies and their anticipated impact on our results, gross margin and gross margin trends, capital expenditures, demand for our products and operations and dividends.  There may also be other statements of expectations, beliefs, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts.  Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of various factors, many of which are beyond the Company’s control.The Company has based these forward-looking statements on its current expectations and projections about future events.  Although the Company believes that the assumptions on which the forward-looking statements contained herein are based are reasonable, any of those assumptions could prove to be inaccurate. As a result, the forward-looking statements based upon those assumptions also could be incorrect.  Risks and uncertainties may affect the accuracy of forward-looking statements. Some, but not all, of these risks are described in Item 1A. of Part 1 of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2022 and Item 1A of Part II of the Company’s Quarterly Report on form 10-Q for the quarter ended June 30, 2023. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.Schedule 1HAYNES INTERNATIONAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(in thousands, except per share data)                   Three Months Ended June 30,  Nine Months Ended June 30,        2022    2023    2022    2023     Net revenues $130,165  $143,901  $346,651  $429,360   Cost of sales  96,943   117,839   272,239   349,382   Gross profit  33,222   26,062   74,412   79,978   Selling, general and administrative expense  11,847   11,832   34,991   35,486   Research and technical expense  957   1,008   2,806   3,028   Operating income  20,418   13,222   36,615   41,464   Nonoperating retirement benefit expense (income)  (1,088)  (366)  (3,264)  (1,097)  Interest income  (1)  (17)  (15)  (33)  Interest expense  750   2,156   1,564   5,522   Income before income taxes  20,757   11,449   38,330   37,072   Provision for income taxes  5,149   2,690   9,579   8,225   Net income $15,608  $8,759  $28,751  $28,847   Net income per share:              Basic $1.25  $0.69  $2.30  $2.28   Diluted $1.24  $0.68  $2.28  $2.24   Weighted Average Common Shares Outstanding              Basic  12,339   12,611   12,346   12,552   Diluted  12,459   12,796   12,507   12,776                  Dividends declared per common share $0.22  $0.22  $0.66  $0.66         Schedule 2HAYNES INTERNATIONAL, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Unaudited) (in thousands, except share data)             September 30,     June 30,    2022 2023 ASSETS       Current assets:       Cash and cash equivalents $8,440  $12,931  Accounts receivable, less allowance for credit losses of $428 and $858 at September 30, 2022 and June 30, 2023, respectively  94,912   87,745  Inventories  357,556   411,697  Income taxes receivable  —   3,437  Other current assets  3,514   3,245  Total current assets  464,422   519,055  Property, plant and equipment, net  142,772   141,919  Deferred income taxes  5,680   6,764  Other assets  9,723   9,933  Goodwill  4,789   4,789  Other intangible assets, net  4,909   5,750  Total assets $632,295  $688,210  LIABILITIES AND STOCKHOLDERS’ EQUITY       Current liabilities:       Accounts payable $54,886  $56,145  Accrued expenses  19,294   17,066  Income taxes payable  828   613  Accrued pension and postretirement benefits  3,371   3,371  Deferred revenue—current portion  2,500   2,500  Total current liabilities  80,879   79,695  Revolving credit facilities - Long-term  74,721   98,665  Long-term obligations (less current portion)  7,848   7,648  Deferred revenue (less current portion)  7,829   5,954  Deferred income taxes  3,103   3,315  Operating lease liabilities  576   370  Accrued pension benefits (less current portion)  21,090   16,573  Accrued postretirement benefits (less current portion)  60,761   62,489  Total liabilities  256,807   274,709  Commitments and contingencies  —   —  Stockholders’ equity:       Common stock, $0.001 par value (40,000,000 shares authorized, 12,854,773 and 13,124,401 shares issued and 12,479,741 and 12,731,838 shares outstanding at September 30, 2022 and June 30, 2023, respectively)  13   13  Preferred stock, $0.001 par value (20,000,000 shares authorized, 0 shares issued and outstanding)  —   —  Additional paid-in capital  266,193   276,831  Accumulated earnings  135,040   155,450  Treasury stock, 375,032 shares at September 30, 2022 and 392,563 shares at June 30, 2023  (14,666)  (15,591) Accumulated other comprehensive loss  (11,092)  (3,202) Total stockholders’ equity  375,488   413,501  Total liabilities and stockholders’ equity $632,295  $688,210   Schedule 3HAYNES INTERNATIONAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(in thousands)           Nine Months Ended June 30,       2022    2023    Cash flows from operating activities:       Net income $28,751  $28,847  Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:       Depreciation  13,810   13,480  Amortization  547   479  Pension and post-retirement expense - U.S. and U.K.  1,650   1,961  Change in long-term obligations  (15)  (50) Stock compensation expense  2,750   2,410  Deferred revenue  (1,875)  (1,875) Deferred income taxes  4,182   (549) Loss on disposition of property  5   65  Change in assets and liabilities:       Accounts receivable  (24,312)  10,955  Inventories  (98,880)  (47,167) Other assets  1,666   (31) Accounts payable and accrued expenses  18,045   (4,620) Income taxes  2,666   (3,685) Accrued pension and postretirement benefits  (6,589)  (6,285) Net cash used in operating activities  (57,599)  (6,065) Cash flows from investing activities:       Additions to property, plant and equipment  (11,464)  (11,770) Net cash used in investing activities  (11,464)  (11,770) Cash flows from financing activities:       Revolving credit facility borrowings  64,500   101,294  Revolving credit facility repayments  (18,000)  (77,350) Dividends paid  (8,329)  (8,397) Proceeds from exercise of stock options  347   8,228  Payment for purchase of treasury stock  (6,795)  (925) Payment for debt issuance cost  —   (1,320) Payments on long-term obligations  (183)  (211) Net cash provided by financing activities  31,540   21,319  Effect of exchange rates on cash  (765)  1,007  Increase (decrease) in cash and cash equivalents:  (38,288)  4,491  Cash and cash equivalents:       Beginning of period  47,726   8,440  End of period $9,438  $12,931   Schedule 4Quarterly DataThe unaudited quarterly results of operations of the Company for the most recent five quarters are as follows.                  Quarter Ended   June 30,  September 30,  December 31,  March 31,  June 30,  (dollars in thousands) 2022 2022 2022 2023 2023 Net revenues $130,165  $143,810  $132,673  $152,786  $143,901 Gross profit margin  33,222   31,921   23,038   30,878   26,062 Gross profit margin %  25.5%  22.2%  17.4%  20.2%  18.1%Adjusted gross profit margin(1)  29,122   30,921   28,638   32,578   27,562 Adjusted gross profit margin %(1)  22.4%  21.5%  21.6%  21.3%  19.2%                Net income  15,608   16,336   7,739   12,349   8,759 Net income per share:               Basic $1.25  $1.31  $0.62  $0.98  $0.69 Diluted $1.24  $1.30  $0.61  $0.96  $0.68                 (1)Adjusted gross profit margin and adjusted gross profit margin percentage exclude estimated impact of nickel and cobalt fluctuations (See Schedule 6 for reconciliation to Gross profit margin).        Schedule 5Sales by MarketThe unaudited revenues, pounds shipped and average selling price per pound of the Company for the most recent five quarters are as follows.                  Quarter Ended  June 30,  September 30,  December 31,  March 31,  June 30,   2022 2022 2022 2023 2023Net revenues (in thousands)               Aerospace $60,981 $67,647 $64,518 $66,612 $77,456Chemical processing  24,180  27,185  22,715  28,605  17,696Industrial gas turbines  23,991  28,501  26,025  32,420  28,073Other markets  14,518  14,946  14,722  17,550  13,416Total product revenue  123,670  138,279  127,980  145,187  136,641Other revenue  6,495  5,531  4,693  7,599  7,260Net revenues $130,165 $143,810 $132,673 $152,786 $143,901                Shipments by markets (in thousands of pounds)               Aerospace  2,142  2,402  2,187  1,982  2,376Chemical processing  882  921  786  845  462Industrial gas turbines  1,090  1,242  1,289  1,430  1,311Other markets  427  318  290  410  278Total shipments  4,541  4,883  4,552  4,667  4,427                Average selling price per pound               Aerospace $28.47 $28.16 $29.50 $33.61 $32.60Chemical processing  27.41  29.52  28.90  33.85  38.30Industrial gas turbines  22.01  22.95  20.19  22.67  21.41Other markets  34.00  47.00  50.77  42.80  48.26Total product (product only; excluding other revenue)  27.23  28.32  28.12  31.11  30.87Total average selling price (including other revenue) $28.66 $29.45 $29.15 $32.74 $32.51                Schedule 6HAYNES INTERNATIONAL, INC. AND SUBSIDIARIESNON-GAAP FINANCIAL MEASURES - ADJUSTED EBITDA AND ADJUSTED GROSS PROFIT MARGIN – EXCLUDING ESTIMATED IMPACTS OF NICKEL AND COBALT FLUCTUATIONS(Unaudited) (in thousands, except share data)Adjusted EBITDAAdjusted EBITDA as reported herein refers to a financial measure that excludes from consolidated operating income (loss) non-cash charges for depreciation, amortization and stock compensation expense. Management believes that Adjusted EBITDA provides a relevant indicator of the Company’s value by eliminating the impact of financing and other non-cash impacts of past investments. Management uses its results excluding these non-cash amounts to evaluate its operating performance.                Three Months Ended June 30,  Nine Months Ended June 30,       2022    2023 2022    2023    Operating income $20,418 $13,222 $36,615 $41,464 Depreciation  4,558  4,548  13,810  13,480 Amortization (excluding debt issuance costs recorded in interest expense)  33  32  100  97 Stock compensation expense  933  869  2,750  2,410 Adjusted EBITDA $25,942 $18,671 $53,275 $57,451 Adjusted EBITDA as a percentage of Net revenues  19.9% 13.0% 15.4% 13.4% Adjusted Gross Profit Margin – Excluding estimated impact of nickel and cobalt fluctuationsManagement believes that Gross profit margin – Excluding estimated impact of nickel and cobalt fluctuations provides a relevant indicator of the Company’s profitability by eliminating the impact of fluctuating impacts of nickel and cobalt prices which can compress or expand gross profit margin. The estimated gross margin impact from nickel and cobalt price fluctuations is derived from a model developed by the Company to measure how the price changes flow through net revenues and cost of sales.  This model incorporates flow across each different type of pricing mechanism and the timing of how cost of nickel and cobalt flow to cost of sales including the impacts of the commodity price exposure of our scrap cycle. Management uses its results excluding these nickel and cobalt impacts to evaluate its operating performance.                    Quarter Ended   June 30,  September 30,  December 31,  March 31,  June 30,  (dollars in thousands) 2022 2022 2022 2023 2023 Gross profit margin $33,222  $31,921  $23,038 $30,878 $26,062 Gross profit margin %  25.5%  22.2%  17.4% 20.2% 18.1%Estimated impact of nickel and cobalt fluctuations  (4,100)  (1,000)  5,600  1,700  1,500 Adjusted gross profit margin - excluding estimated impact of nickel and cobalt fluctuations $29,122  $30,921  $28,638 $32,578 $27,562 Adjusted gross profit margin % - excluding estimated impact of nickel and cobalt fluctuations  22.4%  21.5%  21.6% 21.3% 19.2% Contact: Daniel Maudlin   Vice President of Finance and Chief Financial Officer   Haynes International, Inc.   765-456-6102

GlobeNewswire

Haynes International, Inc. Reports Third Quarter Fiscal 2023 Financial Results

https://finance.yahoo.com/news/haynes-international-inc-reports-third-200500209.html

c6e3a3ce-9bdf-3ef5-9d93-337bc2be971e

HAYN

Haynes International (HAYN) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.49%. A quarter ago, it was expected that this alloy products maker would post earnings of $0.99 per share when it actually produced earnings of $0.96, delivering a surprise of -3.03%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Haynes International , which belongs to the Zacks Steel - Speciality industry, posted revenues of $143.9 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 0.64%. This compares to year-ago revenues of $130.17 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Haynes International shares have added about 7.7% since the beginning of the year versus the S&P 500's gain of 17.6%.What's Next for Haynes International?While Haynes International has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Story continuesAhead of this earnings release, the estimate revisions trend for Haynes International: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.25 on $161.28 million in revenues for the coming quarter and $3.49 on $589.73 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Steel - Speciality is currently in the top 2% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Algoma Steel Group Inc. (ASTL), another stock in the broader Zacks Basic Materials sector, has yet to report results for the quarter ended June 2023. The results are expected to be released on August 10.This company is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of -35.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Algoma Steel Group Inc.'s revenues are expected to be $596.3 million, down 18.5% from the year-ago quarter.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHaynes International, Inc. (HAYN) : Free Stock Analysis ReportAlgoma Steel Group Inc. (ASTL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Haynes International (HAYN) Q3 Earnings and Revenues Top Estimates

https://finance.yahoo.com/news/haynes-international-hayn-q3-earnings-222514358.html

11eab985-1f7a-3064-9b44-4582b85dcafd

HBAN

The board of Huntington Bancshares Incorporated (NASDAQ:HBAN) has announced that it will pay a dividend on the 2nd of October, with investors receiving $0.155 per share. The dividend yield will be 5.7% based on this payment which is still above the industry average. View our latest analysis for Huntington Bancshares Huntington Bancshares' Earnings Will Easily Cover The DistributionsWe like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable.Having distributed dividends for at least 10 years, Huntington Bancshares has a long history of paying out a part of its earnings to shareholders. Taking data from its last earnings report, calculating for the company's payout ratio shows 39%, which means that Huntington Bancshares would be able to pay its last dividend without pressure on the balance sheet.Over the next 3 years, EPS is forecast to fall by 9.9%. Fortunately, analysts forecast the future payout ratio to be 47% over the same time horizon, which is in the range that makes us comfortable with the sustainability of the dividend.historic-dividendHuntington Bancshares Has A Solid Track RecordEven over a long history of paying dividends, the company's distributions have been remarkably stable. The dividend has gone from an annual total of $0.16 in 2013 to the most recent total annual payment of $0.62. This means that it has been growing its distributions at 15% per annum over that time. Rapidly growing dividends for a long time is a very valuable feature for an income stock.The Dividend Has Growth PotentialThe company's investors will be pleased to have been receiving dividend income for some time. Huntington Bancshares has impressed us by growing EPS at 5.4% per year over the past five years. With a decent amount of growth and a low payout ratio, we think this bodes well for Huntington Bancshares' prospects of growing its dividend payments in the future.Huntington Bancshares Looks Like A Great Dividend StockIn summary, it is good to see that the dividend is staying consistent, and we don't think there is any reason to suspect this might change over the medium term. The earnings easily cover the company's distributions, and the company is generating plenty of cash. If earnings do fall over the next 12 months, the dividend could be buffeted a little bit, but we don't think it should cause too much of a problem in the long term. All in all, this checks a lot of the boxes we look for when choosing an income stock.Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. As an example, we've identified 1 warning sign for Huntington Bancshares that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Huntington Bancshares' (NASDAQ:HBAN) Dividend Will Be $0.155

https://finance.yahoo.com/news/huntington-bancshares-nasdaq-hban-dividend-122322268.html

1b2a86ef-e9a6-3804-9fb8-224431756def

HBAN

Huntington Bancshares Incorporated (NASDAQ:HBAN) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. This means that investors who purchase Huntington Bancshares' shares on or after the 15th of September will not receive the dividend, which will be paid on the 2nd of October.The company's next dividend payment will be US$0.15 per share, and in the last 12 months, the company paid a total of US$0.62 per share. Based on the last year's worth of payments, Huntington Bancshares stock has a trailing yield of around 5.7% on the current share price of $10.87. If you buy this business for its dividend, you should have an idea of whether Huntington Bancshares's dividend is reliable and sustainable. As a result, readers should always check whether Huntington Bancshares has been able to grow its dividends, or if the dividend might be cut. Check out our latest analysis for Huntington Bancshares Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately Huntington Bancshares's payout ratio is modest, at just 39% of profit.When a company paid out less in dividends than it earned in profit, this generally suggests its dividend is affordable. The lower the % of its profit that it pays out, the greater the margin of safety for the dividend if the business enters a downturn.Click here to see the company's payout ratio, plus analyst estimates of its future dividends.historic-dividendHave Earnings And Dividends Been Growing?Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. This is why it's a relief to see Huntington Bancshares earnings per share are up 8.9% per annum over the last five years.Story continuesThe main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Since the start of our data, 10 years ago, Huntington Bancshares has lifted its dividend by approximately 15% a year on average. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders.To Sum It UpFrom a dividend perspective, should investors buy or avoid Huntington Bancshares? Huntington Bancshares has seen its earnings per share grow slowly in recent years, and the company reinvests more than half of its profits in the business, which generally bodes well for its future prospects. In summary, Huntington Bancshares appears to have some promise as a dividend stock, and we'd suggest taking a closer look at it.On that note, you'll want to research what risks Huntington Bancshares is facing. In terms of investment risks, we've identified 1 warning sign with Huntington Bancshares and understanding them should be part of your investment process.If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Huntington Bancshares Incorporated (NASDAQ:HBAN) Passed Our Checks, And It's About To Pay A US$0.15 Dividend

https://finance.yahoo.com/news/huntington-bancshares-incorporated-nasdaq-hban-122744623.html

1c0610fd-6b73-3f53-9350-c0ac680fa176

HBT

HBT Financial (HBT) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.33%. A quarter ago, it was expected that this bank holding company would post earnings of $0.56 per share when it actually produced earnings of $0.64, delivering a surprise of 14.29%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.HBT Financial , which belongs to the Zacks Banks - Northeast industry, posted revenues of $58.79 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 1.34%. This compares to year-ago revenues of $42.92 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.HBT Financial shares have added about 1.9% since the beginning of the year versus the S&P 500's gain of 18.2%.What's Next for HBT Financial?While HBT Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Story continuesAhead of this earnings release, the estimate revisions trend for HBT Financial: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.59 on $59.07 million in revenues for the coming quarter and $2.39 on $233.23 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the bottom 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Univest (UVSP), has yet to report results for the quarter ended June 2023. The results are expected to be released on July 26.This holding company for Univest Bank and Trust Co. Is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +31.1%. The consensus EPS estimate for the quarter has been revised 9.8% lower over the last 30 days to the current level.Univest's revenues are expected to be $75.91 million, up 7.7% from the year-ago quarter.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHBT Financial, Inc. (HBT) : Free Stock Analysis ReportUnivest Corporation of Pennsylvania (UVSP) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

HBT Financial (HBT) Q2 Earnings and Revenues Miss Estimates

https://finance.yahoo.com/news/hbt-financial-hbt-q2-earnings-122502306.html

1c4dba92-005a-3ddf-8004-ad6824b8dcf1

HBT

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see HBT Financial, Inc. (NASDAQ:HBT) is about to trade ex-dividend in the next four days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Thus, you can purchase HBT Financial's shares before the 7th of August in order to receive the dividend, which the company will pay on the 15th of August.The company's next dividend payment will be US$0.17 per share, on the back of last year when the company paid a total of US$0.68 to shareholders. Looking at the last 12 months of distributions, HBT Financial has a trailing yield of approximately 3.4% on its current stock price of $19.91. If you buy this business for its dividend, you should have an idea of whether HBT Financial's dividend is reliable and sustainable. So we need to investigate whether HBT Financial can afford its dividend, and if the dividend could grow. Check out our latest analysis for HBT Financial Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. HBT Financial paid out a comfortable 35% of its profit last year.When a company paid out less in dividends than it earned in profit, this generally suggests its dividend is affordable. The lower the % of its profit that it pays out, the greater the margin of safety for the dividend if the business enters a downturn.Click here to see the company's payout ratio, plus analyst estimates of its future dividends.historic-dividendHave Earnings And Dividends Been Growing?Companies with falling earnings are riskier for dividend shareholders. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. HBT Financial's earnings per share have fallen at approximately 11% a year over the previous five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks.Story continuesMany investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. HBT Financial has delivered 4.3% dividend growth per year on average over the past three years.The Bottom LineIs HBT Financial worth buying for its dividend? HBT Financial's earnings per share are down over the past five years, although it has the cushion of a low payout ratio, which would suggest a cut to the dividend is relatively unlikely. In sum this is a middling combination, and we find it hard to get excited about the company from a dividend perspective.With that being said, if dividends aren't your biggest concern with HBT Financial, you should know about the other risks facing this business. Every company has risks, and we've spotted 2 warning signs for HBT Financial you should know about.If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Four Days Left To Buy HBT Financial, Inc. (NASDAQ:HBT) Before The Ex-Dividend Date

https://finance.yahoo.com/news/four-days-left-buy-hbt-100237142.html

e332dbf1-5885-3bd5-9f1e-383c6fad2a6d

HCA

Molina Healthcare, Inc. MOH announced that the My Choice Wisconsin buyout closed on Sep 1, 2023, a tad before its updated scheduled time. The deal was first announced in July 2022 and was expected to close last year. However, with second quarter 2023 earnings, it said that the deal was expected to close in the fourth quarter of this year.The acquisition is expected to have cost the company around $150 million, net of expected tax benefits and regulatory capital and add to its Medicaid and Medicare businesses’ strength. The acquiree served more than 44,000 members as of Jun 30, 2023. The buyout of the Medicaid managed care organization will boost Molina Healthcare’s footprint in the region.This reflects the company's impressive inorganic growth strategy, which is backed by its strong financial position. Its cash and cash equivalents at the second quarter-end were $4.9 billion, significantly higher than the long-term debt of only $2.2 billion. Also, it generated ample cash. During the first half of 2023, net cash provided by operating activities surged 91.9% year over year.Its list of latest acquired companies includes the Magellan Complete Care line of business of Magellan Health, substantially all the assets of Affinity Health Plan, Texas Medicaid and Medicare-Medicaid Plan contracts and specific operating assets of Cigna, certain assets of YourCare and Passport, and others.There’s more on the way. MOH agreed to buy all the issued and outstanding capital stock of CA Health Plans from Bright Health Company of California, Inc. on Jun 30, 2023. The $510 million deal is expected to close by the first quarter of next year and add to its Medicare business strength.Price PerformanceMOH shares have climbed 13.1% in the past six months compared with the 1.3% increase in the industry.Zacks Investment ResearchImage Source: Zacks Investment ResearchZacks Rank & Other Key PicksMolina Healthcare currently has a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader medical space are Select Medical Holdings Corporation SEM, HCA Healthcare, Inc. HCA and Atai Life Sciences N.V. ATAI, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Story continuesThe Zacks Consensus Estimate for Select Medical’s 2023 earnings indicates a 56.9% year-over-year increase to $1.93 per share. It has witnessed one upward estimate revision over the past month against no movement in the opposite direction. The consensus mark for SEM’s 2023 revenues indicates 4.2% growth from a year ago.The Zacks Consensus Estimate for HCA Healthcare’s 2023 bottom line suggests a 9.2% increase from the prior-year levels. HCA has witnessed two upward estimate revisions in the past month against none in the opposite direction. It beat earnings estimates in three of the last four quarters and missed once, with the average surprise being 5.4%.The Zacks Consensus Estimate for Atai Life Sciences’ current-year earnings implies a 16.3% improvement from the year-ago reported figure. It has witnessed four upward estimate revisions over the past month against no movement in the opposite direction. ATAI beat earnings estimates in two of the last four quarters, met once and missed on one occasion.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportMolina Healthcare, Inc (MOH) : Free Stock Analysis ReportHCA Healthcare, Inc. (HCA) : Free Stock Analysis ReportSelect Medical Holdings Corporation (SEM) : Free Stock Analysis Reportatai Life Sciences N.V. (ATAI) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Molina Healthcare (MOH) Closes $150M My Choice Wisconsin Buyout

https://finance.yahoo.com/news/molina-healthcare-moh-closes-150m-152100392.html

d35778ef-6336-39ae-b75b-0bbff78c6503

HCA

In the latest trading session, HCA Healthcare (HCA) closed at $274.57, marking a +0.12% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.7%. Meanwhile, the Dow lost 0.57%, and the Nasdaq, a tech-heavy index, lost 1.06%.Coming into today, shares of the hospital operator had gained 2.48% in the past month. In that same time, the Medical sector gained 0.86%, while the S&P 500 gained 0.58%.Wall Street will be looking for positivity from HCA Healthcare as it approaches its next earnings report date. In that report, analysts expect HCA Healthcare to post earnings of $4.10 per share. This would mark year-over-year growth of 4.33%. Meanwhile, our latest consensus estimate is calling for revenue of $15.85 billion, up 5.86% from the prior-year quarter.HCA's full-year Zacks Consensus Estimates are calling for earnings of $18.44 per share and revenue of $63.92 billion. These results would represent year-over-year changes of +9.18% and +6.12%, respectively.Any recent changes to analyst estimates for HCA Healthcare should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% higher. HCA Healthcare currently has a Zacks Rank of #2 (Buy).Investors should also note HCA Healthcare's current valuation metrics, including its Forward P/E ratio of 14.87. Its industry sports an average Forward P/E of 14.12, so we one might conclude that HCA Healthcare is trading at a premium comparatively.Story continuesAlso, we should mention that HCA has a PEG ratio of 1.41. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. HCA's industry had an average PEG ratio of 1.67 as of yesterday's close.The Medical - Hospital industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHCA Healthcare, Inc. (HCA) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

HCA Healthcare (HCA) Gains As Market Dips: What You Should Know

https://finance.yahoo.com/news/hca-healthcare-hca-gains-market-214520115.html

4c5becbd-a730-3b42-b60a-af37994b1dff

HCAT

Health Catalyst, Inc.SALT LAKE CITY, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Health Catalyst, Inc. ("Health Catalyst", Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced that Bryan Hunt, Chief Financial Officer, and Adam Brown, Senior Vice President of Investor Relations and FP&A, will participate in the Wells Fargo Healthcare Conference, being held in Boston, including a fireside chat presentation on Thursday, September 7, 2023 at 3:45pm EST.About Health CatalystHealth Catalyst is a leading provider of data and analytics technology and services to healthcare organizations committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its customers leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as its analytics software and professional services expertise to make data-informed decisions and realize measurable clinical, financial, and operational improvements. Health Catalyst envisions a future in which all healthcare decisions are data informed.Health Catalyst Investor Relations Contact:Adam BrownSenior Vice President, Investor Relations and FP&A+1 (855)[email protected] Catalyst Media Contact:Tarah Neujahr BryanChief Marketing [email protected]

GlobeNewswire

Health Catalyst to Participate in Upcoming Investor Conference

https://finance.yahoo.com/news/health-catalyst-participate-upcoming-investor-120000002.html

0ea1e404-033d-35ac-8275-7a8b0b4fdefc

HCAT

SALT LAKE CITY , Sept. 5, 2023 /PRNewswire/ -- Health Catalyst, Inc. ("Health Catalyst," Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced that Health Catalyst was recognized in the latest Gartner Hype Cycle for Healthcare Providers, 2023 (July 2023); Hype Cycle for Healthcare Data, Analytics and AI, 2023 (July 2023); Hype Cycle for Digital Care Delivery Including Virtual Care, 2023 (July 2023); Hype Cycle for Real-Time Health System Technologies, 2023 (July 2023) and Hype Cycle for U.S. Healthcare Payers, 2023 (July 2023).(PRNewsfoto/Health Catalyst)Gartner Hype Cycle annual reports provide an objective overview of the pitfalls and opportunities of the latest innovations in healthcare, among other sectors, so that industry leaders can make informed purchasing decisions and take action."We're encouraged to be included in five Gartner Hype Cycle reports for 2023," said Dan Burton, CEO of Health Catalyst. "We believe, as healthcare leaders continue to confront challenges, seen and unforeseen, they need data and analytics solutions that can deliver the outcomes they need to improve patient care, advance operational effectiveness, and achieve financial sustainability. We develop our solutions with this goal in mind and are grateful to receive this recognition from Gartner."Specifically, Gartner recognized Health Catalyst in Advanced Analytics Architecture for Providers, Population Health Management Solutions, and Care Pathway Organization categories in the 2023 Hype Cycle for Healthcare Providers. Intended to identify and analyze technologies that benefit healthcare providers, Gartner states that "this Hype Cycle tracks the benefits and maturity levels of digital innovations, market solutions, and approaches for healthcare providers. It helps CIOs communicate with stakeholders on the future direction of IT and supports decision making to identify, understand and prioritize investments."Story continuesThe 2023 Hype Cycle Healthcare Data, Analytics, and AI report also recognized Health Catalyst as a Sample Vendor. According to Gartner, "this Hype Cycle tracks the emerging technologies that will have the greatest impact on data, analytics, and AI initiatives in the payer, provider and life science sectors."In addition to the above reports, Health Catalyst earned three additional mentions. The company was recognized in the 2023 Gartner Hype Cycle report for Real-Time Health System Technologies for its Health Information Exchange. According to Gartner, "This Hype Cycle includes technologies pivotal to the real-time health system vision. It is an essential reference for CIOs when assessing the value and impact of technologies that digitally transform the healthcare organization into a responsive, collaborative, smart, next-generation health system."Health Catalyst's Care Pathway Orchestration was recognized in the Gartner Hype Cycle for Digital Care Delivery Including Virtual Care. According to Gartner, "This Hype Cycle identifies and tracks digital innovations and market solutions for optimizing and transforming the way in which healthcare providers deliver clinical care."Health Catalyst's Population Health Management Solutions were also recognized in the 2023 Hype Cycle for U.S. Healthcare Payers. According to Gartner, "This Hype Cycle provides critical input for strategic planning by tracking the maturity level and adoption rate of payer technologies and deployment approaches."Gartner DisclaimerGARTNER and HYPE CYCLE are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.About GartnerGartner delivers actionable, objective insight to executives and their teams. Its expert guidance and tools enable faster, smarter decisions and stronger performance on an organization's mission-critical priorities.About Health CatalystHealth Catalyst is a leading provider of data and analytics technology and services to healthcare organizations committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its customers leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as its analytics software and professional services expertise to make data-informed decisions and realize measurable clinical, financial, and operational improvements. Health Catalyst envisions a future in which all healthcare decisions are data informed.Media ContactAmanda [email protected] original content to download multimedia:https://www.prnewswire.com/news-releases/health-catalyst-recognized-in-five-gartner-hype-cycle-reports-301916390.htmlSOURCE Health Catalyst

PR Newswire

Health Catalyst Recognized in Five Gartner® Hype Cycle™ Reports

https://finance.yahoo.com/news/health-catalyst-recognized-five-gartner-120000257.html

923cee96-089f-3aac-a39a-e5cb9fbbcc0f

HCKT

New Market Intelligence Research Finds That Top-Performing P2P Solutions Providers Deliver Companies Dramatically Higher Value CreationMIAMI, August 23, 2023--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced the availability of its purchase-to-pay (P2P) software solutions market intelligence research. The Hackett Value Matrix™ analyzes 10 leading P2P solutions providers in terms of their ability to deliver value, breadth of capability, solution maturity and actionable insight.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230823641401/en/The P2P Hackett Value Matrix charts the value realization, breadth of capability and solution maturity for leading purchase-to-pay solutions providers. High resolution image available on request. (Graphic: The Hackett Group)Today’s P2P solutions are a fundamental building block to enabling digital transformation for world-class organizations. These solutions transform procurement organizations into strategic, efficient and data-driven functions that drive cost savings, enhance both supplier and internal customer relationship, ensure compliance, reduce risk, and support business growth. Indeed, The Hackett Group’s research found that technology is changing the way procurement professionals work, and the best P2P solutions are using automation to create virtually touchless e-procurement environments, taking humans out of the equation. They also capture a tremendous amount of data to continuously improve spend visibility, while setting the foundation for the application of generative artificial intelligence to uncover new approaches for spend cost improvement, improve channel management and even rearchitect supply chains to reduce continuity risks.The research from The Hackett Group® found that top-performing P2P solutions providers enable companies to achieve dramatically higher value creation than typical companies, including:Story continues$35-$45 million greater spend savings/avoidance (for a typical $10 billion company)73% touchless requisition-to-purchase order transaction automation68% key supplier adoption and transaction automation40%-60% improvement in spend visibility and spend management29% reduction in requisition-to-purchase order transaction cost, with 92% purchase order adoption for greater spend control28% improvement in invoice processing productivityThree solutions providers achieved Digital World Class® status in the P2P Hackett Value Matrix: Coupa, JAGGAER and SAP. Four others were named as Challengers: Basware, GEP, Ivalua and Oracle. One solutions provider, Quadient, was named as Emerging. Two other solutions providers – Kissflow and Synertrade – are included in the research but were not plotted on the Hackett Value Matrix due to insufficient sample size.The P2P Hackett Value Matrix and related research is a product of The Hackett Group’s Market Intelligence Service. The service is designed to evaluate software and service providers’ ability to deliver quantifiable results from specialized and differentiated capabilities.The research analyzed performance data in The Hackett Group’s extensive proprietary benchmarking database, software performance data from customers using the P2P solutions, and interviews with the solutions providers and end users. The Hackett Value Matrix analyzes providers’ unique capabilities against the benefit companies can achieve with the help of their solution. Providers that offer breakthrough capabilities and incredible value realization earn the distinction of Digital World Class.Related to the P2P research scope, The Hackett Group analyzed solutions providers in four key areas: onboarding and data management; requisitioning and ordering; receiving and evaluating; and invoice processing.According to The Hackett Group Principal and Global Procurement Advisory Practice Leader Chris Sawchuk, "A continuous improvement mindset is critical to procurement strategy in today’s challenging business environment. Change is constant -- from new suppliers to new technologies to new risks and regulations. In that context, our research identified the best P2P solutions providers as true innovators who are finding new ways for procurement organizations to derive more insights and deliver greater value."The Hackett Group Director Richard Gardner added that "We also found that the best P2P solutions providers excel in several other areas. They have dramatically streamlined the onboarding process for suppliers, integrating third-party solutions that pre-validate supplier data. Digital supplier collaboration is key to improving spend savings and reducing risk. They also offer solutions designed to address the complicated process of global invoicing compliance and the emerging area of reporting and tracking for environmental, social, and governance metrics. They are more flexible, provide greater channel coverage, and they require less customization improving speed-to-value for customers."Ted A. Fernandez, Chairman & CEO of The Hackett Group, explained that "Our vast global client base, which includes 93% of the Fortune 100, cited a gap in provider insight around the realization of value from specific software and service investments. The Hackett Group is uniquely qualified to address this fundamental requirement in market intelligence due to our vast benchmarking database and implementation knowledge. We are pleased to issue our Hackett Value Matrix in P2P Software Solutions – which will be followed by a series of similar research reports covering software and services across the enterprise, including enterprise performance management (EPM) software providers and finance and accounting outsourcers."The P2P Hackett Value Matrix is part of The Hackett Group’s full 64-page P2P research report, which is available now to solutions providers, research advisory and consulting clients through a new P2P Market Intelligence Program that provides a concierge level of insight into the P2P solutions provider market. The P2P Hackett Value Matrix should be read in the context of the entire report. A 20-page summary report is also available on a complimentary basis, with registration, at https://go.poweredbyhackett.com/p2psp2308. The full research is also available for purchase. Interested parties can learn more at https://go.poweredbyhackett.com/vsm or by visiting the web page for our Market Intelligence Service at https://www.thehackettgroup.com/market-intelligence/.The Hackett Group does not endorse any participant, vendor, product or service depicted in its research. This research should not be considered as advice that a technology user select only those participants based on their ranking or position on the P2P Hackett Value Matrix. The Hackett Group’s research publications consist of the opinions of its research organization and should not be interpreted as factual statements. The Hackett Group disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.About The Hackett GroupThe Hackett Group, Inc. (NASDAQ: HCKT) is a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance.Drawing upon our unparalleled intellectual property from more than 25,000 benchmark studies and our Hackett-Certified® best practices repository from the world’s leading businesses – including 97% of the Dow Jones Industrials, 93% of the Fortune 100, 73% of the DAX 40 and 52% of the FTSE 100 – captured through our leading benchmarking platform Quantum Leap® and our Digital Transformation Platform, we accelerate digital transformations, including enterprise cloud implementations.For more information on The Hackett Group, visit: https://www.thehackettgroup.com/; email [email protected]; or call (770) 225-3600.The Hackett Group, Hackett-Certified, quadrant logo, World Class Defined and Enabled, Quantum Leap, Digital World Class and Hackett Value Matrix are the registered marks of The Hackett Group.Cautionary Statement Regarding "Forward-Looking" StatementsThis release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as "expects," "anticipates," "intends," "plans," "believes," seeks," "estimates," or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward-looking statements. Forward-looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward-looking statements include without limitation, the ability of The Hackett Group to effectively market its digital transformation and other consulting services, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group and its services as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.View source version on businesswire.com: https://www.businesswire.com/news/home/20230823641401/en/ContactsGary Baker, Global Communications Director - (917) 796-2391 or [email protected]

Business Wire

The Hackett Value Matrix Quantifies the Value Realized From Purchase-to-Pay (P2P) Software Solutions Providers

https://finance.yahoo.com/news/hackett-value-matrix-quantifies-value-140000709.html

57a557de-f3c6-3b12-b70e-a8f8c5e65e7d

HCKT

The Hackett Group, Inc.'s (NASDAQ:HCKT) investors are due to receive a payment of $0.11 per share on 6th of October. This payment means the dividend yield will be 1.9%, which is below the average for the industry. View our latest analysis for Hackett Group Hackett Group's Earnings Easily Cover The DistributionsIt would be nice for the yield to be higher, but we should also check if higher levels of dividend payment would be sustainable. However, prior to this announcement, Hackett Group's dividend was comfortably covered by both cash flow and earnings. As a result, a large proportion of what it earned was being reinvested back into the business.Over the next year, EPS is forecast to expand by 8.1%. Assuming the dividend continues along recent trends, we think the payout ratio could be 34% by next year, which is in a pretty sustainable range.historic-dividendHackett Group Has A Solid Track RecordThe company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The dividend has gone from an annual total of $0.10 in 2013 to the most recent total annual payment of $0.44. This means that it has been growing its distributions at 16% per annum over that time. So, dividends have been growing pretty quickly, and even more impressively, they haven't experienced any notable falls during this period.Dividend Growth May Be Hard To AchieveInvestors could be attracted to the stock based on the quality of its payment history. Earnings have grown at around 4.3% a year for the past five years, which isn't massive but still better than seeing them shrink. Earnings growth is slow, but on the plus side, the dividend payout ratio is low and dividends could grow faster than earnings, if the company decides to increase its payout ratio.Hackett Group Looks Like A Great Dividend StockOverall, we like to see the dividend staying consistent, and we think Hackett Group might even raise payments in the future. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. Taking this all into consideration, this looks like it could be a good dividend opportunity.Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For instance, we've picked out 1 warning sign for Hackett Group that investors should take into consideration. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Hackett Group (NASDAQ:HCKT) Is Due To Pay A Dividend Of $0.11

https://finance.yahoo.com/news/hackett-group-nasdaq-hckt-due-122930182.html

f85669bb-35bf-3e40-8168-6b7d46b45bf1

HCSG

Healthcare Services Group, Inc. (NASDAQ:HCSG) Q2 2023 Earnings Call Transcript July 26, 2023Healthcare Services Group, Inc. misses on earnings expectations. Reported EPS is $0.09 EPS, expectations were $0.17.Operator: Hello, my name is Kirsten, I will be your conference operator today. At this time, I would like to welcome everyone to the HCSG 2023 Second Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] The matters discussed on today's conference call include forward-looking statements about the business prospects of Healthcare Services Group, Inc. For Healthcare Services Group, Inc.’s most recent forward-looking statements notice, please refer to the press release issued this morning which can be found on our website www.hcsg.com. Actual results may differ materially from those expressed or implied as a result of various risks, uncertainties and important factors, including those discussed in the risk factors MD&A and other sections of the Annual Report on Form 10-K and Healthcare Services Group, Inc.’s other SEC filings.Surgery, Medicine, HealthPhoto by National Cancer Institute on UnsplashAnd as indicated our most recent forward-looking statements notice. Additionally, management will be discussing certain non-GAAP financial measures. A reconciliation of these items to US GAAP can be found in this morning's press release. Thank you. Ted Wahl, Chief Executive Officer, you may begin.Ted Wahl: Thank you and good morning, everyone. Matt McKee, I appreciate you joining us today. We released our second quarter results this morning and plan on filing our 10-Q by the end of the week. For the three months ended June 30, 2023, we reported revenue of $418.9 9 million, GAAP net income of $8.6 million or $0.12 per share, and adjusted EBITDA of $26.3 million. Today in my opening remarks, I'll discuss our second quarter key accomplishments as well as our outlook for the back half of the year. I'll then turn the call over to Matt for a more detailed discussion on the quarter. Overall, we delivered strong service execution during the quarter. Our KPIs related to customer experience, systems adherence and regulatory compliance, all trended positively in Q2, leading to high quality and consistent outcomes for our client partners.Story continuesI'd now like to highlight our second quarter key accomplishments. The first accomplishment I'd like to highlight is our strong core earnings. For the third consecutive quarter, we achieved our direct cost target of 86% excluding CECL, we managed SG&A within our targeted range, and we delivered adjusted EBITDA of $26.3 million. The second key accomplishment I'd like to highlight is collecting what we build in May in June. This achievement came on the heels of falling short of our April cash collections target as our clients brace for the May 11 expiration of the public health emergency. And although we did not meet our quarterly cash collection objectives, the results we delivered in May and June provides us with positive momentum heading into Q3 and positions us well for a strong back half of the year.Lastly, I'd like to highlight the continued progress we made in replenishing our new business pipeline during the first half of the year, as we continue to have a growing pipeline of future client partners heading into the back half of 2023 and 2024. And while the timing of new business ads remains dynamic, we are planning for sequential top line growth in the second half of the year, compared to the first half of the year, an estimated Q3 revenue range of $420 million to $430 million. Looking ahead, industry fundamentals continue to improve and a stabilizing labor market and select state based reimbursement increases have contributed to the gradual but steady occupancy recovery. And while there remains uncertainty as to what a minimum staffing requirement might look like for the industry, we remain hopeful that CMS will fully consider the impact on operators before finalizing a rule and have confidence in our customers’ ability to manage any such rule.We enter the second half of the year with three clear priorities. The first is continuing to manage direct cost at86% Excluding CECL, the second is collecting what we bill building on the strong momentum gained in May and June. The third and perhaps the most impactful is the realization of our business development efforts yielding new facility starts. There is a high level of internal enthusiasm as we pivot the growth mode through the back half of 2023 and then to 2024. So with those introductory comments, I'll turn the call over to Matt, for more detailed discussion on our Q2 results.Matt McKee: Thanks, Ted. Good morning, everyone. Revenue for the quarter was recorded at $418.9 million, with housekeeping and laundry, and dining and nutrition segment revenues of $190.8 million and $228.1 million, respectively. Housekeeping and laundry, and dining and nutrition segment margins were 8.7% and 5.5%, respectively. Direct cost of services was reported at $367.7 million, or 87.8%. Direct costs included an $11.3 million increase in our CECL AR reserves. As Ted mentioned in his opening remarks, we again met our goal of managing the business with cost of services in line with our historical target of 86%, excluding CECL. SG&A was reported at $41.4 million after adjusting for the $2.3 million increase in deferred compensation, actual SG&A was $39.1 million, or 9.3%.We expect 2023 SG&A between 8.5% to 9.5%. The effective tax rate was 24.6%. And the company expects that 2023 tax rate of 24% to 26%. Cash flow from operations for the quarter was $7.4 million, and was impacted by an $18.8 million increase in accrued payroll and a $39 million increase in accounts receivable related to the timing of cash collections. DSO for the quarter was 83 days. Also we would point out that the Q3 payroll accrual will be seven days. That compares to the 13 days that we had in the second quarter of 2023. And the six days that we had in the third quarter of 2022. But the payroll accrual only relates to timing, and the impact ultimately washes out through the full year. And with those opening remarks, we'd now like to open up the call for questions.See also Top 50 Countries with the Most Beautiful Women in the World and 30 Best Excuses to Get Out of Work Provided By AI Chatbots.To continue reading the Q&A session, please click here.

Insider Monkey

Healthcare Services Group, Inc. (NASDAQ:HCSG) Q2 2023 Earnings Call Transcript

https://finance.yahoo.com/news/healthcare-services-group-inc-nasdaq-163950346.html

5304f9d8-38b0-3939-9d72-c78cf5d4be7a

HCSG

While you don’t need to look far to find some scorching-hot ideas (hint: artificial intelligence) in the market right now, investors seeking to go off the beaten path may find solace in undervalued stocks under $20. True, you don’t want to buy securities just based on their price tag. However, these less-appreciated names may eventually deliver the goods.From relevant businesses to attractive multiples, these undervalued stocks under $20 might not seem particularly exciting at the moment. However, with a little bit of patience, you may be glad to have taken a shot before the big wave moves in. Even better, all the below ideas enjoy bullish consensus among Wall Street analysts.If you’re ready to roll the dice, below are compelling ideas for undervalued stocks under $20.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLiberty Energy (LBRT)Panorama of Oil and Gas central processing platform in twilight, offshore hard work occupation twenty four working hours. Best oil stocks to buySource: Oil and Gas Photographer / Shutterstock.comBilled as a leading North American oilfield services firm, Liberty Energy (NYSE:LBRT) offers an innovative suite of completion services and technologies to onshore oil and natural gas exploration and production (upstream) companies. Presently priced at just a bit over $16, Liberty carries a market capitalization of $2.74 billion. Since the start of the year, LBRT gained almost 10% of its equity value.Fundamentally, one of the factors that bolster the case for Liberty being one of the undervalued stocks under $20 is the resurgence of the hydrocarbon energy market. With demand moving in the right direction (up), business could return to the oilfield services specialist.For now, LBRT trades at a forward earnings multiple of 5.04x. In contrast, the sector median clocks in at a much loftier 8.95x. Finally, Wall Street analysts peg LBRT as a consensus moderate buy. Further, their average price target comes in at $19.78, implying over 23% upside potential.Healthcare Services (HCSG)a doctor looks at a tabletSource: ShutterstockA risky but intriguing idea among undervalued stocks under $20, Healthcare Services (NASDAQ:HCSG) is an experienced leader in managing housekeeping, laundry, dining, and nutritional services within the healthcare industry. In other words, the company does the dirty job that few want to do but is so critical to the underlying infrastructure. Still, HCSG isn’t really appreciated, slipping about 3% since the Jan. opener.Story continuesFor full disclosure, shares tumbled almost 17% in the trailing one-month period. Also, investment data aggregator Gurufocus warns that HCSG could be a possible value trap. One of the concerns is that its long-term revenue growth rate has gone negative. However, it’s gradually building momentum following the Covid-19 boom-bust effect.For now, bullish investors can focus on its forward multiple of 19.79x, which ranks favorably lower than 68.81% of the competition. Lastly, analysts peg HCSG as a consensus moderate buy. Their average price target lands at $15.50, implying nearly 28% upside potential.Jerash Holdings (JRSH)apparel stocks: a person looking at several pieces of clothing hanging on a rackSource: Rawpixel.com / ShutterstockA custom-branded apparel company for top global brands, Jerash Holdings (NASDAQ:JRSH) itself might not be a household name. However, you have almost certainly heard of the enterprises it serves, including Timberland, New Balance, and Calvin Klein, among many others. Per its website, Jerash owns six factories and four warehouses and employs approximately 5,700 people. Since the Jan. opener, JRSH slipped nearly 14%.Granted, the red ink in JRSH makes it one of the riskiest undervalued stocks under $20. With inflation remaining stubbornly high, Americans are starting to feel the pressure. On the other hand, retail sales came in better than expected in July. This framework implies that, at least for relatively low-cost products such as branded apparel, people are willing to open their wallets.Is that worth taking a shot with JRSH? Enticingly, JRSH trades at only 7.45x free cash flow. In contrast, the sector median stands at a loftier 11.52X. To close, analysts peg JRSH as a moderate buy. Their average price target clocks in at $6, implying over 76% upside potential.NerdWallet (NRDS)The NerdWallet (NRDS) logo displayed on a computer screen.Source: monticello / Shutterstock.comA personal finance company, NerdWallet (NASDAQ:NRDS) has gained popularity over the years for providing money-related guidance. Such advice commands extraordinary relevance right now. As you’ve probably heard, Americans’ credit card debt hit over $1 trillion, a dubious record. To be fair, much of this framework (perhaps most of it) stems from the lingering challenges of Covid-19.On the other hand, at least a good chunk of the plastic leverage comes from profligate behaviors. It’s here where NerdWallet may possibly impart positive change. Still, investors aren’t exactly coming to the light right now. Shares trade at just under $9, having lost 9% since the beginning of this year. Presently, the company features a market cap of $679.2 million.Nevertheless, NRDS makes a solid case for undervalued stocks under $20. Even though its three-year revenue growth rate (per-share basis) impresses at 23.8%, shares trade at only 1.14x. In contrast, the sector median is 3.28x. Also, analysts peg NRDS as a strong buy with a $16.80 price target, implying nearly 92% upside potential.Vizio (VZIO)A remote being held and pointed at a black flatscreen tv with two potted plants on either sideSource: shutterstock.com/Gaurav PaswanBased in Irvine, California, Vizio (NYSE:VZIO) primarily operates as a television manufacturer. It designs and sells sound bars, viewer data, and advertising, per its public profile. As a commoditized play – Vizio specializes in low-cost TVs relative to the competition – VZIO suffers from volatility. Since the beginning of this year, shares fell almost 16%. Therefore, it’s a risky idea among undervalued stocks under $20.Still, it’s possible that shares have started to calm down a bit. In the trailing five sessions, VZIO “only” lost less than 2%. Plus, if trends in the consumer economy move in the right direction (though it’s a bit of a long shot), VZIO could swing higher. Financially, Vizio may be compelling for patient investors because of its zero-debt profile, affording it flexibility. Plus, it trades at an enterprise-value-to-revenue multiple of 0.52x. For context, the sector median value stands at 1.35x.Turning to Wall Street, analysts peg VZIO as a strong buy. Their average price target comes in at $12, implying almost 95% upside potential.PCTEL (PCTI)Tech stocks: Double exposure of man's hands holding and using a phone and financial graph drawing. tech stocksSource: Peshkova / ShutterstockMoving onto the really speculative portion of undervalued stocks under $20, PCTEL (NASDAQ:PCTI) is a communications technology firm that enables wireless connectivity. Its brands feature applications in antenna systems, Industrial Internet of Things (IoT) devices, and test/measurement solutions. Although a relevant component of our rapidly digitalizing infrastructure, PCTI has fallen almost 7% since the start of this year.What’s more worrying is the near-term trajectory. In the past month, PCTI crumbled more than 20%. Of course, that’s not what you want to see in your investment. At the same time, risk-tolerant investors may consider PCTEL’s strong balance sheet. Specifically, it boasts an impressive cash-to-debt ratio of 9.22X.It’s also one of the undervalued stocks under $20, featuring a trailing earnings multiple of 11.79x. In contrast, the sector median is 21.17x. As well, the market prices PCTI at 7.72x FCF, favorably lower than 74.79% of its peers. Lastly, Lake Street’s Jaeson Schmidt pegs PCTI a buy with a $9 price target, implying over 124% upside.SurgePays (SURG)A hand lingers over a bright blue tech wheel that says "fintech." Bargain fintech stocks for JuneSource: Wright Studio / Shutterstock.comBilled as a technology and telecom company, SurgePays (NASDAQ:SURG) focuses on the underbanked community. Leveraging its financial technology (fintech) platform, SurgePays addresses the fact that millions lack access to traditional money networks. Although increasingly relevant (especially during this post-pandemic period), the company presents a volatile profile. Since the start of the year, SURG has given up almost 28% of its equity value.Nevertheless, circumstances may be stabilizing. For example, in the trailing one-year period, SURG only slipped about 0.4%. Further, the company prints decent financial metrics. In particular, SurgePays’ Altman Z-Score clocks in at 6.05, which indicates high stability and low bankruptcy risk.However, the issue with SurgePays is that it has lacked a credible pathway to consistent profitability. It’s possible, though, that it could turn things around. In the second quarter of this year, the company posted operating income of $6.2 million and net income of $6 million, a far cry from the red ink printed during the year-ago quarter. Finally, analysts peg SURG as a moderate buy with a $12.75 price target, implying nearly 166% upside potential.On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.More From InvestorPlaceMusk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.ChatGPT IPO Could Shock the World, Make This Move Before the AnnouncementIt doesn’t matter if you have $500 or $5 million. Do this now.The post The 7 Most Undervalued Stocks Under $20 to Buy Now: August 2023 appeared first on InvestorPlace.

InvestorPlace

The 7 Most Undervalued Stocks Under $20 to Buy Now: August 2023

https://finance.yahoo.com/news/7-most-undervalued-stocks-under-231330959.html

df17cb6e-7168-3ec2-9b37-43390e0b90b5

HCWB

HCW Biologics, IncCompany will provide an update for clinical development and intellectual property programs, Including recent achievements and expected milestones in the next 12 monthsMIRAMAR, Fla., Sept. 06, 2023 (GLOBE NEWSWIRE) -- HCW Biologics Inc. (the “Company” or “HCW Biologics”) (NASDAQ: HCWB), a clinical-stage biopharmaceutical company focused on discovering and developing novel immunotherapies to lengthen healthspan by disrupting the link between inflammation and age-related diseases, will participate in the H.C. Wainwright 25th Annual Global Investment Conference in New York City. On September 12, 2023, the Company will be meeting individual investors in person at the conference venue, the Lotte New York Palace Hotel in New York. In addition, a pre-recorded, virtual Company update will be available on demand beginning at 7:00 a.m. EDT on September 11, 2023 for all who register for the conference.The update on clinical development will include a Phase 1 clinical trial to evaluate HCW9218 in solid tumors, sponsored by The Masonic Cancer Center, University of Minnesota (“UMN”). UMN is now dosing patients at the highest dose level. Due to clinical protocol requirements, dosing of the remaining patients is expected to take place in the next 3 to 6 months. The trial participants include patients with refractory/chemo-resistant ovarian cancer and colorectal cancer. There has been no dose-limiting toxicity observed in this study.The Principal Investigator of the UMN study is Melissa A. Geller, M.D., M.S., Professor and Division Director of Gynecologic Oncology in the Department of Obstetrics, Gynecology and Women’s Health at the University of Minnesota. Dr. Geller stated, “Our team is very excited to bring this clinical trial to patients who have recurrent cancer. With the ease of a subcutaneous injection, this innovative immunotherapeutic can stimulate the immune system while at the same time inhibiting proteins that cause immunosuppression. This unique combination could provide cancer patients with a novel immune-based therapy when previous treatments have failed.”Story continues“HCW9218 may define a new category of cancer treatment through modifying factors related to drug resistance and disease recurrence. In our clinical trial, we have conducted correlative studies to evaluate this potential. We look forward to presenting our findings at a major industry conference in the fall,” noted Jeffrey A. Miller, M.D., Deputy Director of the Masonic Cancer Center, and Co-Principal Investigator for the UMN study.In a second ongoing clinical study, a Company-sponsored Phase 1b/2 clinical trial to evaluate HCW9218 in advanced pancreatic cancer, the Company expects this study to be completed in the first half of 2024. There has been no dose-limiting toxicity observed in this study. This is a multi-center trial, led by the Center for Cancer Research at the National Cancer Institute (“NCI”). Dr. Christine Camp Alewine, M.D., Ph.D., is the principal investigator for the NCI clinical site. She is a Lasker Clinical Research Scholar in the Laboratory of Molecular Biology at the Center for Cancer Research at NCI and a foremost expert in pancreatic cancer research.Dr. Hing C. Wong, Founder and CEO of HCW Biologics, stated, “The preliminary results of the initial phases for the clinical trials to evaluate HCW9218 in solid tumor cancers have been encouraging. We are on track to quickly pivot to Phase 2 clinical trials, which are likely to be in ovarian, colorectal, and pancreatic cancers in combination with chemotherapies. Our preclinical research has shown that HCW9218 enhances the anti-tumor activities of standard of care chemotherapies by potentially reducing chemotherapy-induced senescent cancer cells and alleviating the side effects of chemotherapy by eliminating the senescence-associated secretory phenotype.”Dr. Wong continued, “Recently, we also revealed the underlying mechanism of action of HCW9218 against cancer and aging. HCW9218 stimulates and expands stem-like progenitor exhausted CD8+ T cells and the differentiation of exhausted transitory effector CD8+ T cells, which are known as targets of immune checkpoint inhibitors. We believe this positions HCW9218 as a potential powerful immunotherapeutic to improve the potency of immune checkpoint inhibitor treatment for solid tumors.”Novel immunotherapeutics, processes, and methods invented by the Company are supported by a robust intellectual property program creating a strong backstop to protect the underlying technology comprising its clinical and strategic development programs. In the past 12 months, the Company was awarded five patents from the United States Patent and Trademark Office, the first patents granted from an extensive set of patent filings filed in the United States as well as many other jurisdictions around the world.The Company now holds fundamental patents that protect its lead product candidates, HCW9218 and HCW9302, as well as its proprietary TOBI™ discovery platform and its novel tissue factor scaffold. In addition, the Company now holds patents that protect proprietary processes for the treatment of cancer and other age-related diseases by reducing the number of senescent cells and the pro-inflammatory factors they secrete, through treatment with its immunotherapeutic, HCW9218. Most recently, the Company was awarded two patents to protect methods for activating and expanding Natural Killer (“NK”) cells and T cells ex vivo using a number of its proprietary molecules, which are U.S. Patent No. 11,730,762 and U.S. Patent No. 11,738,052.About HCW Biologics:HCW Biologics is a clinical-stage biopharmaceutical company focused on discovering and developing novel immunotherapies to lengthen healthspan by disrupting the link between chronic, low-grade inflammation, and age-related diseases, such as cancer, cardiovascular diseases, diabetes, neurodegenerative diseases, autoimmune diseases, as well as other conditions such as long-haul COVID-19. The Company has combined a deep understanding of disease-related immunology with its expertise in advanced protein engineering to develop the TOBI™ (Tissue factOr-Based fusIon) discovery platform. The Company uses its TOBI™ discovery platform to generate designer, novel multi-functional fusion molecules with immunotherapeutic properties. The invention of HCW Biologics’ two lead molecules, HCW9218 and HCW9302, was made via the TOBI™ discovery platform. The Masonic Cancer Center, University of Minnesota, has initiated a Phase 1 clinical trial to evaluate HCW9218 in chemo-refractory/chemo-resistant solid tumors that have progressed after prior chemotherapies (Clinicaltrials.gov: NCT05322408). The Company is also enrolling patients in a Company-sponsored Phase 1b/2 clinical trial to evaluate HCW9218 in chemo-refractory/chemo-resistant advanced pancreatic cancer (Clinicaltrials.gov: NCT05304936). The Company’s lead molecule for its regulatory T cell expansion program, HCW9302, is currently undergoing IND-enabling studies for an autoimmune indication.Forward-Looking Statements: Statements in this press release contain “forward-looking statements” that are subject to substantial risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words and include, without limitation, the expected completion date for Phase 1/1b clinical trials and the initiation of Phase 2 clinical trials; the ability of HCW9218 to be an effective senescent-cell reducing and senomorphic drug against age-related diseases; the ability of HCW9218 to rejuvenate the immune system, activate and expand NK cells and T cells, and create systemic changes that reduce senescence and SASP factors without compromising the healthspan; statements regarding the ability of HCW9218 to improve the performance of ADCC therapies and immune checkpoint inhibitors through activation of exhausted T cells; statements regarding the potential for HCW9218 to redefine or fundamentally change the approach for treating aging conditions and age-related diseases, or constitute a new class of immunotherapeutics; that trials may not have satisfactory outcomes; that preclinical studies of product candidates may not be predictive of the results of future preclinical studies or trials; that the Company’s third party manufacturers may encounter difficulties in production of product candidates for clinical trials; the timing and ability of the Company to raise additional capital; the risk that costs required to develop or manufacture the Company’s products will be higher than anticipated, including as a result of delays in development and manufacturing resulting from COVID-19 and other factors; the risk that the Company is unable to file INDs to commence additional trials; the risk the Company is unable to obtain access to check point inhibitors to do a combination trial; timing and ability to identify and discover product candidates; the potential advantages of the Company’s current and future product candidates; the Company’s anti-inflammaging clinical development strategy and the Company’s intellectual property strategy; competition and other risks described in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the “SEC”) on March 28, 2023, the latest Quarterly Report on Form 10-Q filed with the SEC on August 11, 2023, and in other filings filed from time to time with the SEC. The forward-looking statements in this press release represent the Company's view as of the date of this press release and the Company does not assume any obligation to update any forward-looking statements, except as required by law.Company Contact:Rebecca ByamCFOHCW Biologics [email protected]

GlobeNewswire

HCW Biologics Participating at H.C. Wainwright 25th Annual Global Investment Conference in New York on September 11 – 13, 2023

https://finance.yahoo.com/news/hcw-biologics-participating-h-c-113000610.html

fe091c6a-ff40-338a-9aeb-21cd9422ded0

HCWB

On September 8, 2023, Rebecca Byam, the Chief Financial Officer (CFO) of HCW Biologics Inc (NASDAQ:HCWB), made a significant insider purchase of 10,000 shares of the company's stock. This move is noteworthy as insider buying often signals confidence in the company's future prospects.Warning! GuruFocus has detected 4 Warning Signs with HCWB. Click here to check it out. HCWB 30-Year Financial DataThe intrinsic value of HCWBRebecca Byam is a seasoned financial executive with a wealth of experience in the biotechnology industry. As the CFO of HCW Biologics, she is responsible for the company's financial strategy and operations, playing a crucial role in its growth and success.HCW Biologics Inc is a leading biotechnology company that focuses on the discovery, development, and commercialization of novel immunotherapies. The company's innovative approach to harnessing the immune system to fight disease has positioned it as a pioneer in the field.Over the past year, the insider has purchased a total of 242,244 shares and sold 0 shares. This recent acquisition of 10,000 shares further strengthens the insider's position in the company, demonstrating a strong belief in its potential.The insider transaction history for HCW Biologics Inc shows a clear trend of insider buying. Over the past year, there have been 15 insider buys in total, with zero insider sells. This trend suggests that those with the most intimate knowledge of the company's operations are bullish about its future.Insider Buying: CFO Rebecca Byam Acquires 10,000 Shares of HCW Biologics IncOn the day of the insider's recent buy, shares of HCW Biologics Inc were trading for $1.99 apiece. This gives the stock a market cap of $73.65 million. Despite the relatively small market cap, the consistent insider buying indicates a positive outlook for the company.The relationship between insider buying and selling and the stock price is often a strong indicator of a company's future performance. In the case of HCW Biologics Inc, the consistent insider buying, coupled with the absence of insider selling, suggests that the stock could be undervalued at its current price. Investors may want to keep a close eye on this stock as the insider's actions could be signaling a potential upside.In conclusion, the insider's recent purchase of 10,000 shares of HCW Biologics Inc is a positive sign for the company. With a strong track record of insider buying and no insider selling, this stock could be poised for growth. As always, investors should conduct their own research and consider their risk tolerance before making investment decisions.This article first appeared on GuruFocus.

GuruFocus.com

Insider Buying: CFO Rebecca Byam Acquires 10,000 Shares of HCW Biologics Inc

https://finance.yahoo.com/news/insider-buying-cfo-rebecca-byam-170058499.html

111d152a-7ebb-35c1-9910-dc4edf5c834d

HD

Home Depot's (NYSE: HD) shares were up just 5% through the first eight months this year, but it's a wonderful business that deserves some attention from investors. In the latest quarter (Q2 2023, ended July 30), Home Depot reported revenue of $42.9 billion, which represented a year-over-year decline of 2%. After experiencing tremendous growth during the pandemic, Home Depot is dealing with a notable slowdown.Continue reading

Motley Fool

A Bull Market Could Be Here: 3 Reasons to Buy Home Depot Stock

https://finance.yahoo.com/m/3bf5798d-79ce-331a-bf3d-5b7b88864389/a-bull-market-could-be-here-.html

3bf5798d-79ce-331a-bf3d-5b7b88864389

HD

'This isn't a random shoplifter anymore': Home Depot CEO warns retail theft is a 'big problem' as the chain bolsters store security — even on small items. What's behind the alarming trend?Retail giants have always had to deal with petty theft, but a growing trend of organized retail crime is now not just eating into company profits, it’s threatening the safety of workers.“It’s a big problem for retail,” Home Depot (NYSE:HD) CEO Ted Decker told CNBC’s Squawk Box. “This isn’t the random shoplifter anymore.”Don't missRich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead. Get in now for strong long-term tailwindsThanks to Jeff Bezos, you can now use $100 to cash in on prime real estate — without the headache of being a landlord. Here's howWorried about the economy? Here are the best shock-proof assets for your portfolio. (They’re all outside of the stock market.)The home improvement retailer has faced the loss of two employees — Gary Rasor, 83, and Blake Mohs, 26 — who were killed during separate theft incidents over the past year.Just last month, the Miami Herald reported a Florida pastor was arrested and is accused of organizing the theft of roughly $1.4 million worth of goods from numerous Home Depot locations in the state.Organized retail crime and theft are growing in both scope and complexity across the country, according to a study from the National Retail Federation (NRF) — to the extent that former Home Depot CEO Bob Nardelli recently described it as an “epidemic … spreading faster than COVID.” The NRF also estimates theft is costing the retail industry about $100 billion.What’s behind this alarming trend?Theft at Home Depot stores has been “growing double-digit year over year,” the retailer’s VP of asset protection, Scott Glenn, recently told ABC News.“More and more we’re seeing the risk being brought into the stores, and people being hurt or people even being killed in many cases because these folks, they just don’t care about the consequence,” Glenn said.Home Depot isn’t alone in experiencing an uptick in organized retail crime, which the National Retail Federation defines as the large-scale theft of retail merchandise with the intent to resell the items for financial gain.Story continuesAbout 70% of retailers believe the threat of organized retail crime has increased over the past five years, according to the 2022 National Retail Security Survey.To reduce the risk of theft and other crimes in its stores, Home Depot has started locking up high-value items, some of which Decker says may surprise customers.“They’re not all big — they’re not all power tools and generators. You can have a circuit breaker — [worth] $50, $60, $80 — those are all high-theft items.”When asked if Home Depot would have to shutter certain stores — following the footsteps of other retail giants — the CEO says the retailer has so far managed to avoid that.However, Decker says the company is increasingly concerned over the safety of their employees and customers. As a result, they’ve invested more in security guards, more lighting in their parking lots and recording towers.“It’s not a place in retail that many of us thought we would be,” he said.Read more: How can I stop the pain and make money in this nightmarish market? Here's 1 simple way you can protect your nest eggAvoiding stolen goods onlineWhen it comes to organized retail crime, “a lot of this product is [re-sold] on online marketplaces,” Decker said.To counter this, the retail giant has been working with local, state and federal governments to help them understand the problem and come up with a viable solution.Late last year, Congress passed the INFORM Consumers Act. The act requires online marketplaces to collect, verify and disclose certain financial and identifying information from “high-volume third-party sellers” — those with more than 200 transactions and $5,000 in revenue in a 12-month period.INFORM Consumers, which took effect June 27, aims to increase the transparency of online transactions, while also deterring criminals from using online marketplaces to sell stolen, counterfeit or unsafe items.Decker said he’s “super happy” the bill passed as “it’s going to make those marketplaces vet their sellers.”In the meantime, the big-name retailer must continue “to manage” its theft challenges and cope with the “pressure on [its] gross margin,” the CEO added.What to read nextJeff Bezos and Oprah Winfrey invest in this asset to keep their wealth safe — you may want to do the same in 2023Commercial real estate has outperformed the S&P 500 over 25 years. Here's how to diversify your portfolio without the headache of being a landlordThis janitor in Vermont built an $8M fortune without anyone around him knowing. Here are the 2 simple techniques that made Ronald Read rich — and can do the same for youThis article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Moneywise

'This isn't a random shoplifter anymore': Home Depot CEO warns retail theft is a 'big problem' as the chain bolsters store security — even on small items. What's behind the alarming trend?

https://finance.yahoo.com/news/were-investing-more-security-guards-133000754.html

61b590d5-af81-355c-bb5c-f35a88f7e525

HDSN

Key InsightsSignificantly high institutional ownership implies Hudson Technologies' stock price is sensitive to their trading actionsThe top 9 shareholders own 50% of the company Recent sales by insiders A look at the shareholders of Hudson Technologies, Inc. (NASDAQ:HDSN) can tell us which group is most powerful. The group holding the most number of shares in the company, around 51% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.Let's take a closer look to see what the different types of shareholders can tell us about Hudson Technologies. View our latest analysis for Hudson Technologies ownership-breakdownWhat Does The Institutional Ownership Tell Us About Hudson Technologies?Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.We can see that Hudson Technologies does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Hudson Technologies' earnings history below. Of course, the future is what really matters.earnings-and-revenue-growthInstitutional investors own over 50% of the company, so together than can probably strongly influence board decisions. It looks like hedge funds own 21% of Hudson Technologies shares. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Ernest Lazarus is currently the largest shareholder, with 8.7% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 8.3% and 7.1%, of the shares outstanding, respectively. In addition, we found that Brian Coleman, the CEO has 2.0% of the shares allocated to their name.Story continuesWe did some more digging and found that 9 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.Insider Ownership Of Hudson TechnologiesThe definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.It seems insiders own a significant proportion of Hudson Technologies, Inc.. Insiders own US$77m worth of shares in the US$547m company. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently. General Public OwnershipThe general public-- including retail investors -- own 12% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.Next Steps:I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Hudson Technologies (at least 1 which is significant) , and understanding them should be part of your investment process.But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

With 51% ownership of the shares, Hudson Technologies, Inc. (NASDAQ:HDSN) is heavily dominated by institutional owners

https://finance.yahoo.com/news/51-ownership-shares-hudson-technologies-122649395.html

95fd8d3a-8abd-3c5f-9173-089f698cfc4e

HDSN

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Hudson Technologies, Inc. HDSN is a refrigerant services company. The Zacks Consensus Estimate for its current year earnings has been revised 7.6% downward over the last 60 days.Farmers National Banc Corp. FMNB is a bank holding company for The Farmers National Bank of Canfield. The Zacks Consensus Estimate for its current year earnings has been revised 6% downward over the last 60 days.Walgreens Boots Alliance, Inc. WBA is an pharmaceutical retailer. The Zacks Consensus Estimate for its current year earnings has been revised 1% downward over the last 60 days.View the entire Zacks Rank #5 List.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHudson Technologies, Inc. (HDSN) : Free Stock Analysis ReportWalgreens Boots Alliance, Inc. (WBA) : Free Stock Analysis ReportFarmers National Banc Corp. (FMNB) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

New Strong Sell Stocks for September 5th

https://finance.yahoo.com/news/strong-sell-stocks-september-5th-101000353.html

af9d40d5-34fc-384b-8d4f-e9b40c9e0fc4

HES

The upstream business of the integrated energy players is extremely exposed to volatility in oil and gas prices. Also, the high input price in refining activities is making the outlook for the Zacks Oil & Gas US Integrated industry gloomy.Among the companies in the industry that are likely to survive the business challenges are ConocoPhillips COP, Occidental Petroleum Corporation OXY and Hess Corporation HES.About the IndustryThe Zacks Oil & Gas US Integrated industry comprises companies mostly involved in upstream and midstream energy businesses. The upstream operations entail oil and natural gas exploration and production in the prolific shale plays of the United States. The integrated energy companies are also engaged in midstream businesses through gathering and processing facilities along with transportation pipeline networks and storage sites. Overall, the upstream business is positively correlated to oil and gas prices. The produced commodity volumes are transported through midstream assets, generating stable fee-based revenues. The integrated energy players in the United States also have access to downstream operations wherein the transported oil volumes are converted to finished products, comprising gasoline, natural gas liquids and diesel, through refining activities.3 Trends Shaping the Future of the Oil & Gas US Integrated IndustryRecession Chances Still Not Over: Cooling inflation and a resilient labor market are still not erasing all the possibilities of recession in the United States. This is spurring market volatility and could hurt energy demand, affecting the overall business of integrated energy players.Input Costs High in Refining Business:  Oil is trading at more than the $80 per barrel mark, significantly increasing input prices of refining operations. This is squeezing the profit of the refining business of the integrated firms in the United States.Story continuesLow Dividend Yield: Over the past two years, the composite stocks belonging to the industry have mostly generated lower dividend yields than the composite stocks belonging to the energy sector.Zacks Industry Rank Indicates Bearish OutlookThe Zacks Oil & Gas US Integrated industry is a 12-stock group within the broader Zacks Oil - Energy sector. The industry currently carries a Zacks Industry Rank #154, which places it in the bottom 38% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bearish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Before we present a few stocks that you may want to consider, let’s take a look at the industry’s recent stock market performance and valuation picture.Industry Outperforms Sector, Lags S&P 500The Zacks Oil & Gas US Integrated industry has surpassed the broader Zacks Oil - Energy sector, but underperformed the Zacks S&P 500 composite over the past year.The industry has risen 9.7% over this period compared with the broader sector’s growth of 6.7% and the S&P 500’s increase of 15.7%.One-Year Price PerformanceIndustry's Current ValuationSince oil and gas companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio. This is because the valuation metric takes into account not just equity but also the level of debt.On the basis of the trailing 12-month enterprise value-to-EBITDA (EV/EBITDA) ratio, the industry is currently trading at 4.45X, lower than the S&P 500’s 13.47X. It is, however, higher than the sector’s trailing-12-month EV/EBITDA of 3.49X.Over the past five years, the industry has traded as high as 13.38X, as low as 3.29X, with a median of 5.00X.Trailing 12-Month Enterprise Value-to EBITDA (EV/EBITDA) Ratio3 US Integrated Oil Stocks Trying to Survive the Industry ChallengesConocoPhillips: Considering production and reserves, ConocoPhillips is among the leading upstream energy players in the world. COP is strongly focused on returning capital to shareholders. For decades, COP, carrying a Zacks Rank #3 (Hold), has been banking on its diversified asset base for generating competitive cashflows.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  Price and Consensus: COPHess: Headquartered in New York, Hess is a leading upstream firm with a footprint in Bakken, the Gulf of Mexico and offshore Guyana. The firm believes its position in Guyana is strong enough to generate growth in long-term cashflows.For 2023, Hess, carrying a Zacks Rank #3, has seen upward earnings estimate revisions in the past seven days.Price and Consensus: HESOccidental Petroleum: Among the largest oil producers in the United States, Occidental is well-positioned to gain in the ongoing handsome crude pricing scenario. Occidental Petroleum, with a Zacks Rank of 3, has seen upward earnings estimate revisions for 2023 in the past seven days.Price and Consensus: OXYWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportConocoPhillips (COP) : Free Stock Analysis ReportHess Corporation (HES) : Free Stock Analysis ReportOccidental Petroleum Corporation (OXY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

3 Integrated US Energy Stocks Set to Escape Industry Weakness

https://finance.yahoo.com/news/3-integrated-us-energy-stocks-130000217.html

fcdee0a2-2e6c-35c0-b467-a268b51ca6ee

HES

Hess Corporation (NYSE:HES) stock is about to trade ex-dividend in 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Therefore, if you purchase Hess' shares on or after the 15th of September, you won't be eligible to receive the dividend, when it is paid on the 29th of September.The company's upcoming dividend is US$0.44 a share, following on from the last 12 months, when the company distributed a total of US$1.75 per share to shareholders. Based on the last year's worth of payments, Hess stock has a trailing yield of around 1.1% on the current share price of $160.52. If you buy this business for its dividend, you should have an idea of whether Hess's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing. Check out our latest analysis for Hess Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately Hess's payout ratio is modest, at just 34% of profit. A useful secondary check can be to evaluate whether Hess generated enough free cash flow to afford its dividend. Thankfully its dividend payments took up just 49% of the free cash flow it generated, which is a comfortable payout ratio.It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.Click here to see the company's payout ratio, plus analyst estimates of its future dividends.historic-dividendHave Earnings And Dividends Been Growing?Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. It's encouraging to see Hess has grown its earnings rapidly, up 58% a year for the past five years. Hess is paying out less than half its earnings and cash flow, while simultaneously growing earnings per share at a rapid clip. This is a very favourable combination that can often lead to the dividend multiplying over the long term, if earnings grow and the company pays out a higher percentage of its earnings.Story continuesAnother key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the past 10 years, Hess has increased its dividend at approximately 16% a year on average. It's exciting to see that both earnings and dividends per share have grown rapidly over the past few years.The Bottom LineHas Hess got what it takes to maintain its dividend payments? We love that Hess is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. These characteristics suggest the company is reinvesting in growing its business, while the conservative payout ratio also implies a reduced risk of the dividend being cut in the future. It's a promising combination that should mark this company worthy of closer attention.On that note, you'll want to research what risks Hess is facing. To help with this, we've discovered 2 warning signs for Hess that you should be aware of before investing in their shares.If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Should You Buy Hess Corporation (NYSE:HES) For Its Upcoming Dividend?

https://finance.yahoo.com/news/buy-hess-corporation-nyse-hes-123451285.html

f3cce83e-eda3-397d-a190-a5d3c7d4dedf

HFWA

In this piece, we will take a look at the 15 worst performing bank stocks in 2023. If you want to skip our introduction to the banking industry, then head on over to 5 Worst Performing Bank Stocks in 2023. The banking industry, primarily due to its high exposure to interest rate hikes, has been at the center of the economy lately. A bank's operations are sensitive to interest rate hikes. At one end, the bank rate determines the rate at which a bank borrows money from other banks. It lends out this money to corporate and individual clients and charges them a fee through the interest rate as well. The difference between the fee of a loan paid by a consumer and the rate that the bank is charged as bank rate is the interest rate spread - or a bank's profit. A higher bank rate makes it difficult for firms to raise credit since they are charged higher interest payments, a fact that was clear in Canada earlier this year.Before we get to that, the difference between the impact of a bank rate increase on short term and long term lending rates is sometimes different too. Generally, interest rates for longer term bonds and instruments are generally higher than short term rates. However, a 22-year high interest rate has led to the current yield for two month bonds to sit at 5.26% while the yield for a 30 year treasury bond is 4.23%. This implies that the prices of long term bonds are higher than those of short term debt since move investors are flocking toward them. The tendency of buyers to prefer the stability of long term debt income is also viewed negatively in the stock market since it signals unease about the shorter term economic climate.Short term rates, which increase rapidly in a high rate environment, are often tightly linked with the ability of consumers and corporations to spend. This fact was visible in Canada by the end of Q1 2023, according to Equifax Canada's credit trends report which outlines that the balance on longer term installment loans fell by 2.4% for the first time since 2019. However, consumers and businesses continued to take on short term credit in a tight environment where overall business openings fell as well. More businesses also became delinquent, in the financial and industrial sectors, as they failed to keep up with high inflation and other factors. If you want find out which Canadian firms performed well during this tough climate, then you can check out 11 Most Profitable Canadian Stocks.Story continuesIn America, the high interest rate environment also led to a fall in the prices of bonds that were issued last year. Within a year or so, interest rates have hit a multi-decade high, and naturally this makes the bond market quite fast moving when it comes to setting prices. Several U.S. banks failed to maintain their asset value in the face of a sudden jump in client withdrawal, an event that created a chill at both the Federal Reserve and the Treasury Department. For more details, you can check out Top 20 Most Profitable Banks in the World.The aftermath of the March banking crisis has also led to new regulations for big banks such as JPMorgan Chase & Co. (NYSE:JPM). As July ended, the Federal Reserve uploaded a crucial data set that laid out that under a stress test where banks have to swiftly raise capital, their tier 1 capital ratio changed by 3.3 on the median. This report, which shared details about all major banks in America, came around the same time that the Fed sought public comment on new rules designed to increase the ability of large banks to withstand adverse economic scenarios.Put together, all these factors make it clear that there is turmoil in the banking market. This has also affected banking stocks, with the S&P Banks Select Industry Index down 7.56% year to date. The fragility in the banking sector and the aftermath of the March crisis still continue to impact the S&P Regional Banks Select Industry Index which is yet to retake previous highs and has lost 17.54% over the course of this year. This difference in the performance between diversified and regional banks is also clear from the latest slew of banking earnings releases. You can learn more here 10 Oversold Bank Stocks To Buy.So, which bank stocks have fared poorly on the market this year? Some that have seen the steepest share price drops are BV Financial, Inc. (NASDAQ:BVFL), SHF Holdings, Inc. (NASDAQ:SHFS), and PacWest Bancorp (NASDAQ:PACW).15 Worst Performing Bank Stocks in 2023Source: Federal Reserve.Chairman Powell presents the Monetary Policy Report to the Senate Committee on Banking, Housing, and Urban Affairs. Report here: www.federalreserve.gov/monetarypolicy/2018-07-mpr-summary...Our Methodology To compile our list of the worst performing bank stocks, we ranked regional and diversified banks in terms of their year to date share price losses.15 Worst Performing Bank Stocks in 202315. Bridgewater Bancshares, Inc. (NASDAQ:BWB)Year To Date Share Price Loss: 37.07%Bridgewater Bancshares, Inc. (NASDAQ:BWB) is a Minnesota based bank that limits its services to businesses, investors, and high net worth individuals. Like Heritage Financial, its Q2 2023 EPS also beat analyst estimates.During 2023's first quarter, six of the 943 hedge funds part of Insider Monkey's database had held a stake in the bank. Bridgewater Bancshares, Inc. (NASDAQ:BWB)'s biggest investor in our database is Jim Simons' Renaissance Technologies through its $4.2 million investment.Bridgewater Bancshares, Inc. (NASDAQ:BWB) joins SHF Holdings, Inc. (NASDAQ:SHFS), BV Financial, Inc. (NASDAQ:BVFL), and PacWest Bancorp (NASDAQ:PACW) in our list of the worst performing bank stocks in 2023.14. Heritage Financial Corporation (NASDAQ:HFWA)Year To Date Share Price Loss: 37.38%Heritage Financial Corporation (NASDAQ:HFWA) is a Washington based bank that managed to meet analyst EPS estimates for its second quarter earnings. The stock is rated Buy on average and has started to reverse some of its losses earlier this year.Insider Monkey dug through 943 hedge fund holdings for their March quarter of 2023 investments and found out that 14 had bought and owned Heritage Financial Corporation (NASDAQ:HFWA)'s shares. Israel Englander's Millennium Management is the largest shareholder through a $7.7 million stake.13. Eagle Bancorp, Inc. (NASDAQ:EGBN)Year To Date Share Price Loss: 37.47% Eagle Bancorp, Inc. (NASDAQ:EGBN) is a regional bank that serves the needs of both individual and business customers. Despite turmoil in the regional banking sector, it reported strong second quarter results after beating analyst EPS estimates. However, the bank has embarked on a cost cutting strategy as well as it closes branches and laying off staff.By the end of this year's first quarter, 19 of the 943 hedge funds surveyed by Insider Monkey had held a stake in Eagle Bancorp, Inc. (NASDAQ:EGBN). Out of these, the bank's largest investor is Israel Englander's Millennium Management courtesy of its $13.4 million stake.12. Carver Bancorp, Inc. (NASDAQ:CARV)Year To Date Share Price Loss: 38.89% Carver Bancorp, Inc. (NASDAQ:CARV) is a New York City based bank that provides accounts and other services. It is one of the few penny bank stocks on our list and one which also announced a partnership earlier this year to use artificial intelligence for streamlining loan operations.Two of the 943 hedge funds part of Insider Monkey's Q1 2023 database have invested in the bank. Carver Bancorp, Inc. (NASDAQ:CARV)'s biggest hedge fund investor is Jim Simons' Renaissance Technologies through a $203,000 investment.11. Arrow Financial Corporation (NASDAQ:AROW)Year To Date Share Price Loss: 40.49%Arrow Financial Corporation (NASDAQ:AROW) is one of the oldest banks on our list since it was set up in 1851. Its operations are limited in New York, and it missed analyst EPS estimates in Q1.Four of the 943 hedge fund portfolios studied by Insider Monkey had held Arrow Financial Corporation (NASDAQ:AROW)'s shares during Q1 2023. Out of these, the largest stakeholder is Jim Simons' Renaissance Technologies since it owns $7 million worth of shares.10. First Horizon Corporation (NYSE:FHN)Year To Date Share Price Loss: 44.64%First Horizon Corporation (NYSE:FHN) is a Tennessee based bank whose acquisition by a Canadian bank was called off earlier this year during the turmoil in the regional bank industry. The firm's Q2 2023 earnings disappointed investors and the shares were rated Sector Perform by RBC Capital in July.As of March 2023 end, 60 of the 943 hedge funds part of Insider Monkey's database had held a stake in the bank. First Horizon Corporation (NYSE:FHN)'s largest investor in our database is George Soros' Soros Fund Management through a stake worth $129 million.9. First Guaranty Bancshares, Inc. (NASDAQ:FGBI)Year To Date Share Price Loss: 46.74%First Guaranty Bancshares, Inc. (NASDAQ:FGBI) serves the needs of both individual and business customers. It is one of the few banks where more shares are owned by retail investors as opposed to institutional investors.During 2023's first quarter, only one hedge fund part of Insider Monkey's survey had bought First Guaranty Bancshares, Inc. (NASDAQ:FGBI)'s shares. This lone investor is Jim Simons' Renaissance Technologies which owns $179,000 worth of shares.8. First Foundation Inc. (NASDAQ:FFWM)Year To Date Share Price Loss: 49.27%First Foundation Inc. (NASDAQ:FFWM) is based in Dallas, Texas, and has a presence in several American states. It is one of the few regional banks that have beaten analyst EPS estimates for their second quarter results.In the prior quarter, 16 of the 943 hedge funds polled by Insider Monkey had held a stake in the bank. First Foundation Inc. (NASDAQ:FFWM)'s biggest shareholder out of these is Ravi Chopra's Azora Capital through a $12.8 million investment.7. Oconee Federal Financial Corp. (OTCMKTS:OFED)Year To Date Share Price Loss: 51.00%A pink sheet stock, Oconee Federal Financial Corp. (OTCMKTS:OFED)'s shares currently trade for $12.25. The firm is a savings and loan association with operations in South Carolina and Georgia. While the stock was previously traded on the NASDAQ exchange, the shares were delisted in July. During the first quarter, two hedge funds of the 943 surveyed by Insider Monkey had invested in Oconee Federal Financial Corp. (NASDAQ:OFED) with Israel Englander's Millennium Management being the largest investor.6. Territorial Bancorp Inc. (NASDAQ:TBNK)Year To Date Share Price Loss: 54.02%Territorial Bancorp Inc. (NASDAQ:TBNK) offers deposit accounts, loans, and other financial products. Its shares dipped in May and haven't recovered since then.Six of the 943 hedge funds polled by Insider Monkey for their Q1 2023 investments had held Territorial Bancorp Inc. (NASDAQ:TBNK)'s shares. Out of these, the biggest stakeholder was Jim Simons' Renaissance Technologies through a $9.3 million stake.BV Financial, Inc. (NASDAQ:BVFL), Territorial Bancorp Inc. (NASDAQ:TBNK), SHF Holdings, Inc. (NASDAQ:SHFS), and PacWest Bancorp (NASDAQ:PACW) are some of the worst performing bank stocks in 2023. Click to continue reading and see 5 Worst Performing Bank Stocks in 2023. Suggested Articles:10 Best EV, Battery and Autonomous Driving ETFs10 Best Mutual Fund Managers of 202210 Oversold Bank Stocks To BuyDisclosure: None. 15 Worst Performing Bank Stocks in 2023 is originally published on Insider Monkey.

Insider Monkey

15 Worst Performing Bank Stocks in 2023

https://finance.yahoo.com/news/15-worst-performing-bank-stocks-213703793.html

4a8a2ee6-e2d4-3f15-adb0-d0cbf61fb8c1

HFWA

Key InsightsGiven the large stake in the stock by institutions, Heritage Financial's stock price might be vulnerable to their trading decisions51% of the business is held by the top 12 shareholders Analyst forecasts along with ownership data serve to give a strong idea about prospects for a businessEvery investor in Heritage Financial Corporation (NASDAQ:HFWA) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 79% ownership. Put another way, the group faces the maximum upside potential (or downside risk).Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.Let's take a closer look to see what the different types of shareholders can tell us about Heritage Financial. Check out our latest analysis for Heritage Financial ownership-breakdownWhat Does The Institutional Ownership Tell Us About Heritage Financial?Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.We can see that Heritage Financial does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Heritage Financial, (below). Of course, keep in mind that there are other factors to consider, too.Story continuesearnings-and-revenue-growthInstitutional investors own over 50% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don't have a meaningful investment in Heritage Financial. The company's largest shareholder is BlackRock, Inc., with ownership of 15%. With 7.6% and 5.5% of the shares outstanding respectively, The Vanguard Group, Inc. and AllianceBernstein L.P. are the second and third largest shareholders.After doing some more digging, we found that the top 12 have the combined ownership of 51% in the company, suggesting that no single shareholder has significant control over the company.While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.Insider Ownership Of Heritage FinancialThe definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.We can see that insiders own shares in Heritage Financial Corporation. As individuals, the insiders collectively own US$12m worth of the US$627m company. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. General Public OwnershipWith a 19% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Heritage Financial. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.Next Steps:It's always worth thinking about the different groups who own shares in a company. But to understand Heritage Financial better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Heritage Financial (at least 1 which shouldn't be ignored) , and understanding them should be part of your investment process.If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Heritage Financial Corporation (NASDAQ:HFWA) is largely controlled by institutional shareholders who own 79% of the company

https://finance.yahoo.com/news/heritage-financial-corporation-nasdaq-hfwa-104642893.html

c2758771-1d23-384d-bea6-d3a90ea86869

HIBB

Hibbett, Inc. (NASDAQ:HIBB) will pay a dividend of $0.25 on the 19th of September. This payment means that the dividend yield will be 2.3%, which is around the industry average. View our latest analysis for Hibbett Hibbett's Payment Has Solid Earnings CoverageWe like a dividend to be consistent over the long term, so checking whether it is sustainable is important. Hibbett is quite easily earning enough to cover the dividend, however it is being let down by weak cash flows. We think that cash flows should take priority over earnings, so this is definitely a worry for the dividend going forward.Looking forward, earnings per share is forecast to rise by 2.5% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 11%, which is in the range that makes us comfortable with the sustainability of the dividend.historic-dividendHibbett Is Still Building Its Track RecordLooking back, the dividend has been stable, but the company hasn't been paying a dividend for very long so we can't be confident that the dividend will remain stable through all economic environments. The last annual payment of $1.00 was flat on the annual payment from2 years ago. Hibbett hasn't been paying a dividend for very long, so we wouldn't get to excited about its record of growth just yet.The Dividend Looks Likely To GrowInvestors could be attracted to the stock based on the quality of its payment history. We are encouraged to see that Hibbett has grown earnings per share at 35% per year over the past five years. A low payout ratio gives the company a lot of flexibility, and growing earnings also make it very easy for it to grow the dividend.Our Thoughts On Hibbett's DividendIn summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Hibbett's payments, as there could be some issues with sustaining them into the future. While the low payout ratio is a redeeming feature, this is offset by the minimal cash to cover the payments. We would probably look elsewhere for an income investment.Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've identified 2 warning signs for Hibbett (1 shouldn't be ignored!) that you should be aware of before investing. Is Hibbett not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Hibbett (NASDAQ:HIBB) Is Paying Out A Dividend Of $0.25

https://finance.yahoo.com/news/hibbett-nasdaq-hibb-paying-dividend-100607722.html

ecc49f3d-adf4-311a-8754-25e544008e1d

HIBB

If you bought shares of athletic retailer Dick's Sporting Goods (NYSE: DKS) five years ago, give yourself a big pat on the back. Returns for Dick's stock also trounced otherwise good returns of 130% from rival Hibbett (NASDAQ: HIBB). There's a newcomer to this space that I believe can offer better returns over the next five years than either Dick's or Hibbett.Continue reading

Motley Fool

Dick's Sporting Goods, Hibbett, and Academy Sports: Which Is the Best Stock for Investors Right Now?

https://finance.yahoo.com/m/6a25dade-213d-38d8-9d26-469d3dd44c7a/dick-s-sporting-goods-.html

6a25dade-213d-38d8-9d26-469d3dd44c7a

HIG

The Hartford Financial Services Group, Inc. HIG recently announced its partnership with Beam Benefits to enhance its benefit options with dental and vision plans. It will integrate the plans with life insurance and group income protection products.This move bodes well for HIG, enhancing its product suite and acting as a key differentiator. Moreover, as small employers benefit from this, retention will improve as a result. Employers will gain from competitive benefits packages and be able to attract and retain talent in a competitive market. The company will benefit from new business and improved premiums in the future.The partnership builds on HIG’s strategic priorities to leverage its product breadth to drive organic growth. Group Benefits premiums improved 7.1% in the second quarter, and its core earnings margin stood at 7.6%. The company expects to deliver a core earnings margin of 6-7% for 2023.Brokers will be able to design comprehensive benefits packages, benefiting small employers with less than 100 employees. They can quote dental and vision plans, along with HIG’s existing benefits. HIG’s online quoting platform, RTQi, includes six vision and four dental plans, fast quotes, access to Beam Perks and implementation and enrollment under five business days. This will help employers select from a broad range of options per their specified business needs.Beam will provide HIG’s income protection benefits along with its existing suite of products. This partnership will enable brokers to offer superior products and aid HIG in its aim to modernize employee benefits for small employers.Zacks Rank & Price PerformanceHartford Financial currently carries a Zacks Rank #3 (Hold). Shares of HIG have gained 11.1% in a year against the industry’s 1.4% decline.Zacks Investment ResearchImage Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks in the insurance space are AXIS Capital Holdings Limited AXS, Cincinnati Financial Corporation CINF and Corebridge Financial, Inc. CRBG. AXIS Capital presently sports a Zacks Rank #1 (Strong Buy), while Cincinnati Financial and Corebridge Financial currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Story continuesAXIS Capital’s earnings surpassed estimates in three of the trailing four quarters and missed the mark once, the average surprise being 9.8%. The Zacks Consensus Estimate for AXS’s 2023 earnings and revenues suggests 44.8% and 7.9% year-over-year growth, respectively. The consensus mark for AXS’s 2023 earnings has moved 10.4% north in the past 30 days.The bottom line of Cincinnati Financial outpaced earnings estimates in three of the last four quarters and missed the mark once, the average surprise being 25.3%. The Zacks Consensus Estimate for CINF’s 2023 earnings and revenues suggests 17.9% and 12.2% year-over-year growth, respectively. The consensus mark for CINF’s 2023 earnings has increased 12.1% in the past 30 days.Corebridge Financial earnings beat estimates in each of the trailing four quarters, the average surprise being 14.3%. The Zacks Consensus Estimate for CRBG’s 2023 earnings and revenues suggests a rise of 45.6% and 23%, respectively, from the prior-year reported figures. The consensus mark for CRBG’s 2023 earnings has moved 3% north in the past 30 days.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportThe Hartford Financial Services Group, Inc. (HIG) : Free Stock Analysis ReportCincinnati Financial Corporation (CINF) : Free Stock Analysis ReportAxis Capital Holdings Limited (AXS) : Free Stock Analysis ReportCorebridge Financial, Inc. (CRBG) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Hartford Financial (HIG) Improves Offerings With Beam Benefits

https://finance.yahoo.com/news/hartford-financial-hig-improves-offerings-165200409.html

8b6bf8bf-1007-3a6d-be51-f0c94d2e164c

HIG

The Hartford Financial Services Group, Inc. HIG has gained on growing premiums attributable to rate hikes and new business growth. Acquisitions and product launches, as well as adequate cash-generating abilities, are additional tailwinds for the stock.Zacks Rank & Price PerformanceHartford Financial currently carries a Zacks Rank #3 (Hold).The stock has gained 11.4% in a year compared with the industry’s 0.2% growth. The Zacks Finance sector and the S&P 500 composite increased 8.1% and 15.6%, respectively, in the same time frame.Zacks Investment ResearchImage Source: Zacks Investment ResearchRobust Growth ProspectsThe Zacks Consensus Estimate for Hartford Financial’s 2023 earnings is pegged at $7.80 per share, indicating an improvement of 3.2% from the prior-year reading, while the same for revenues stands at $16.5 billion, implying an 8.4% increase from the prior-year actual.The consensus mark for 2024 earnings is pegged at $9.46 per share, suggesting 21.3% growth from the 2023 estimate. The same for revenues stands at $17.9 billion, which indicates a rise of 8.7% from the 2023 estimate.Decent Earnings Surprise HistoryHIG’s bottom line surpassed earnings estimates in three of the trailing four quarters and matched the mark once, the average surprise being 9.36%.Solid Return on EquityThe return on equity for Hartford Financial is currently 17.5%, which is higher than the industry’s average of 10.8%. The figure substantiates the company’s efficiency in utilizing shareholders’ funds.Business TailwindsHartford Financial gains from strong contributions by its Commercial Lines and Group Benefits businesses. The Commercial Lines unit is aided by continued rate increases, new business growth and strong customer retention rates, which in turn, drive premiums. Improved fully insured ongoing premiums driven by robust sales and solid persistency contribute to the impressive performance of HIG’s Group Benefits business. The insurer makes efforts to bolster its suite of group benefits offerings and its move of introducing a critical illness insurance product covering more than 160 health conditions this year bear testament to the same.Story continuesImproved premiums flowing from Commercial Lines and Group Benefits businesses bode well for the top line of Hartford Financial, since premiums account for a significant chunk of any insurer’s revenues.Though catastrophe losses come with its own share of worries, frequent losses ramp up the policy renewal rate and sustain the steady flow of premiums to HIG. Hartford Financial also has reinsurance agreements in place, which limit the losses suffered.HIG has been resorting to product launches or acquisitions to upgrade capabilities and strengthen its nationwide presence. It has undertaken divestitures to intensify focus on its U.S. operations and release capital, which in turn, offer increased financial flexibility to pursue business investments. Cost-cutting measures are an indication of Hartford Financial’s efforts to provide respite to margins in the days ahead.A strong financial position equips Hartford Financial to engage in the tactical deployment of capital through share buybacks or dividend payments. The insurer had a leftover capacity of $2 billion under its share repurchase program as of Jun 30, 2023.Stocks to ConsiderSome better-ranked stocks in the insurance space include Arch Capital Group Ltd. ACGL, Aflac Incorporated AFL and Chubb Limited CB. While Arch Capital currently sports a Zacks Rank #1 (Strong Buy), Aflac and Chubb carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Arch Capital’s earnings surpassed estimates in each of the last four quarters, the average surprise being 26.83%. The Zacks Consensus Estimate for ACGL’s 2023 earnings indicates a rise of 38.2%, while the same for revenues suggests an improvement of 30.6% from the respective year-ago actuals. The consensus mark for ACGL’s 2023 earnings has moved 2.3% north in the past 30 days.The bottom line of Aflac beat estimates in each of the trailing four quarters, the average beat being 7.76%. The Zacks Consensus Estimate for AFL’s 2023 earnings indicates a rise of 12.2% from the prior-year tally. The consensus mark for AFL’s 2023 earnings has moved 1.4% north in the past 30 days.Chubb’s earnings outpaced estimates in three of the trailing four quarters and missed the mark once, the average surprise being 3.36%. The Zacks Consensus Estimate for CB’s 2023 earnings indicates a rise of 19.3%, while the same for revenues suggests an improvement of 8.8% from the respective year-ago actuals. The consensus mark for CB’s 2023 earnings has moved 0.8%north in the past 30 days.Shares of Arch Capital, Aflac and Chubb have gained 71%, 25.6% and 6.7%, respectively, in a year.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportThe Hartford Financial Services Group, Inc. (HIG) : Free Stock Analysis ReportChubb Limited (CB) : Free Stock Analysis ReportAflac Incorporated (AFL) : Free Stock Analysis ReportArch Capital Group Ltd. (ACGL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's Why Investors Should Retain Hartford Financial (HIG)

https://finance.yahoo.com/news/heres-why-investors-retain-hartford-140300050.html

4aa3db47-3d60-3eaa-a3fc-1395020786e3

HIHO

HONG KONG, July 27, 2023 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, "the Company" or "Highway Holdings") today announced that it will resume manufacturing for Playmaji, Inc., the Los Angeles-based company behind the modular multi-system game console Polymega®.Highway Holdings previously announced a significant, multi-year order on October 15, 2020 to manufacture Playmaji's Polymega game consoles and accessories. Subsequent to the announcement, complications from the COVID-19 pandemic created micro-chip and component shortages and logistics and shipping delays, which in turn resulted in lower-than-expected manufacturing volume and production yields for FY2020-2022. With pandemic-era related production issues resolved and fresh momentum behind the project following Playmaji's recent announcement of a partnership and minority investment from Atari, Playmaji and Highway Holdings anticipate returning to full production in Q2 /Q3 2023 and delivering to customers and distributors Polymega gaming hardware consistently going forward into the future.Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are very excited to resume full production manufacturing for Playmaji. Playmaji's Polymega is one of the most innovative retro hardware consoles on the market and we look forward to supporting the expected growth given its unique market position and expanding audience of enthusiast gamers. We are targeting to achieve or exceed the prior reported business value anticipated under the original multi-year manufacturing order announced on October 15, 2020, and think this can still be achieved and possibly exceeded without the restraints of COVID-19. The full-scale resumption of game console manufacturing comes at an ideal time for us, as production at our facilities has not yet returned to full utilization levels following COVID-19."About PlaymajiPlaymaji is obsessed with delivering authentic gaming experiences to the masses and moving games forward into the future. We achieve this through timeless design, careful focus on authentic gameplay and user experiences, and by creating a platform that aspires to provide a high quality, legal alternative to game piracy.Story continuesAbout Highway Holdings LimitedHighway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings' administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar and Shenzhen, China. For more information, visit the Company's website at www.highwayholdings.com.Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.CisionView original content:https://www.prnewswire.com/news-releases/highway-holdings-to-resume-full-production-for-playmaji-301886911.htmlSOURCE Highway Holdings Limited

PR Newswire

Highway Holdings to Resume Full Production for Playmaji

https://finance.yahoo.com/news/highway-holdings-resume-full-production-110000212.html

53f4f1c3-4eba-3b60-988a-125f4206f423

HIHO

With a daily gain of 12.47% and a 3-month gain of 17.17%, Highway Holdings Ltd (NASDAQ:HIHO) has caught the attention of investors. However, the company reported a Loss Per Share of $0.08, raising the question: Is the stock fairly valued? In this article, we will delve into a valuation analysis to answer this question and provide a comprehensive understanding of the company's financial status.Company IntroductionWarning! GuruFocus has detected 3 Warning Signs with HIHO. Click here to check it out. HIHO 30-Year Financial DataThe intrinsic value of HIHOHighway Holdings Ltd is a holding company primarily engaged in manufacturing metal, plastic, electric, and electronic components for original equipment manufacturers (OEM) and contract manufacturers. The company's operations are divided into two segments: Metal Stamping and Mechanical OEM, and Electric OEM. The majority of its revenue is generated from the former segment and primarily from Europe, although it also has a presence in Hong Kong, China, North America, and other Asian countries.As of August 25, 2023, the company's stock price stands at $2.3, while the GF Value, an estimation of the stock's fair value, is $2.46. This comparison suggests that Highway Holdings (NASDAQ:HIHO) is fairly valued. The following analysis will delve deeper into the company's value, its financial health, profitability, and growth prospects.Highway Holdings (HIHO): A Fairly Valued Gem in the Industrial Products SectorUnderstanding the GF ValueThe GF Value is a unique measure of a stock's intrinsic value, calculated based on historical trading multiples, a GuruFocus adjustment factor considering past returns and growth, and future business performance estimates. The GF Value Line represents the fair value at which the stock should be traded.Highway Holdings (NASDAQ:HIHO) appears to be fairly valued according to the GF Value calculation. With a market cap of $10.20 million and a stock price of $2.3 per share, the stock's future return is likely to be close to the rate of its business growth, considering its valuation.Story continuesHighway Holdings (HIHO): A Fairly Valued Gem in the Industrial Products SectorFinancial StrengthInvesting in companies with poor financial strength can lead to a high risk of permanent capital loss. To avoid this, it's crucial to examine a company's financial strength before purchasing shares. The cash-to-debt ratio and interest coverage are excellent indicators of a company's financial health. Highway Holdings has a cash-to-debt ratio of 3.38, ranking better than 66.12% of 2739 companies in the Industrial Products industry. Its overall financial strength is 7 out of 10, indicating fair financial health.Highway Holdings (HIHO): A Fairly Valued Gem in the Industrial Products SectorProfitability and GrowthInvesting in profitable companies, especially those with consistent profitability over the long term, is generally less risky. Highway Holdings has been profitable 7 out of the past 10 years. However, with an operating margin of -4.61%, it ranks worse than 84.65% of 2801 companies in the Industrial Products industry. Overall, the company's profitability is ranked 6 out of 10, indicating fair profitability.One of the most crucial factors in a company's valuation is its growth. Highway Holdings' average annual revenue growth is -7.8%, ranking worse than 85.72% of 2668 companies in the Industrial Products industry. Its 3-year average EBITDA growth is -31.3%, ranking worse than 93.3% of 2359 companies in the industry.ROIC vs WACCComparing a company's return on invested capital (ROIC) and its weighted average cost of capital (WACC) can provide insights into its profitability. For the past 12 months, Highway Holdings' ROIC was -9.22, and its WACC was 4.31.Highway Holdings (HIHO): A Fairly Valued Gem in the Industrial Products SectorConclusionIn conclusion, Highway Holdings appears to be fairly valued. The company's financial condition and profitability are fair, but its growth ranks worse than 93.3% of 2359 companies in the Industrial Products industry. To learn more about Highway Holdings, you can check out its 30-Year Financials here.To find high-quality companies that may deliver above-average returns, please check out the GuruFocus High Quality Low Capex Screener.This article first appeared on GuruFocus.

GuruFocus.com

Highway Holdings (HIHO): A Fairly Valued Gem in the Industrial Products Sector

https://finance.yahoo.com/news/highway-holdings-hiho-fairly-valued-233511618.html

92e34fc0-c203-367b-8aea-65468632bbfd

HII

General Dynamics Corp.’s GD Mission Systems business unit recently clinched a modification contract involving Littoral Combat Ship (LCS). The award has been offered by the Naval Sea Systems Command, Washington, D.C.Details of the DealValued at $48.3 million, the contract is expected to be completed by August 2024. Per the terms of the deal, General Dynamics will provide sustainment of the LCS Integrated Combat Management System and associated combat system elements.Majority of the work related to this deal will be carried out in Pittsfield, MA.General Dynamics & LCSLCS ships play a critical role in defending a nation, with these being designed to be agile, mission-focused platforms capable in operating in near-shore and open-ocean environments.The importance of General Dynamics in this space lies in the fact that the core mission system of the U.S. Navy's Independence-variant LCS is built on General Dynamics' computing infrastructure. Notably, GD’s computing technology controls everything from driving the ship to firing its guns. It is designed to maximize automation, enabling sailors to focus on their missions.The company is the lead integrator for the Independence-variant LCS systems, responsible for the design, integration and testing of the navigation, command, control, computing and aviation systems on each ship.Growth ProspectsIn a bid to safeguard their borders from hostile attacks amid worldwide geopolitical instability, nations have been rapidly increasing their defense spending. Investments on sea warfare capabilities for both defense and offensive proposes have significantly gained traction.Looking ahead, per a report from the Mordor Intelligence firm, the global naval combat systems market is projected to witness a CAGR of more than 2.5% during 2023-2028.With LCS serving as one of the key weapon systems to defend a nation’s sea, the aforementioned market’s growth prospect is likely to usher in more notable defense contracts for General Dynamics in the coming days, like the latest one. Such awards should boost GD’s future revenue growth.Story continuesOpportunities for PeersOther prominent defense majors that are likely to enjoy the perks of the expanding naval combat systems market are Mitsubishi Heavy Industries MHVYF, Lockheed Martin LMT and Huntington Ingalls Industries HII.Mitsubishi Heavy Industries manufactures naval surface ships and submarines. The company also provides after-sales services for destroyers and submarines.The Zacks Consensus Estimate for MHVYF’s fiscal 2023 earnings reflects an improvement of 44.6% from the 2022 reported figure. Shares of Mitsubishi Heavy Industries rallied 56.8% in the past year.Lockheed Martin designs surface combatant ships for the U.S. Navy and international customers that can operate in shallow waters and the open ocean. Its Freedom-variant LCS is a resilient, flexible warship, designed from the keel up to affordably take on new capabilities including advanced sensors, missiles and cutting-edge cyber systems.LMT boasts a long-term earnings growth rate of 6.5%. Shares of LMT rallied 7.3% in the past year.Huntington Ingalls is known for specializing in manufacturing amphibious assault and expeditionary ships, and provides more than 70% of ships for the U.S. Navy.The consensus estimate for HII’s 2023 sales reflects an improvement of 3.5% from the 2022 reported figure. The company boasts a four-quarter average earnings surprise of 1.76%.Price MovementIn the past year, shares of General Dynamics have risen 0.8% against the industry’s 2.1% decline.Zacks Investment ResearchImage Source: Zacks Investment ResearchZacks RankGeneral Dynamics currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportLockheed Martin Corporation (LMT) : Free Stock Analysis ReportGeneral Dynamics Corporation (GD) : Free Stock Analysis ReportHuntington Ingalls Industries, Inc. (HII) : Free Stock Analysis ReportMitsubishi Heavy Industries, Ltd. (MHVYF) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

General Dynamics (GD) Wins Deal for Littoral Combat Ship

https://finance.yahoo.com/news/general-dynamics-gd-wins-deal-170800819.html

12f6b8ed-14bd-3d67-b653-b824fae883bf

HII

Introduction: A Snapshot of Huntington Ingalls Industries (NYSE:HII)Huntington Ingalls Industries Inc (NYSE:HII) is a renowned all-domain defense partner, specializing in the creation and delivery of powerful and survivable naval ships and technologies. These assets are instrumental in safeguarding America's seas, sky, land, space, and cyber domains. The company operates under three segments: Ingalls, Newport News, and Mission Technologies, with the Newport News segment generating the majority of the company's revenue.Warning! GuruFocus has detected 6 Warning Signs with HII. Click here to check it out. HII 30-Year Financial DataThe intrinsic value of HIIAs of September 06, 2023, the company's stock price stands at $209.2, with a market cap of $8.30 billion. Despite a daily loss of -3.65%, the company has seen a 3-month gain of 0.29%. The question on most investors' minds is whether the stock is fairly valued. This article aims to answer that question and provide an in-depth analysis of Huntington Ingalls Industries' valuation.Here is the income breakdown of Huntington Ingalls Industries:Unveiling Huntington Ingalls Industries (HII)'s Value: Is It Really Priced Right? A Comprehensive GuideUnderstanding the GF ValueThe GF Value is a proprietary measure of a stock's intrinsic value. This measure is derived from historical trading multiples, a GuruFocus adjustment factor based on past performance and growth, and future business performance estimates. The GF Value Line on our summary page gives an overview of the fair value that the stock should be traded at.According to the GF Value calculation, Huntington Ingalls Industries' stock appears to be fairly valued. The GF Value is GuruFocus' estimate of the fair value at which the stock should be traded. If the price of a stock is significantly above the GF Value Line, it is overvalued, and its future return is likely to be poor. Conversely, if it is significantly below the GF Value Line, its future return will likely be higher.Given that Huntington Ingalls Industries is fairly valued, the long-term return of its stock is likely to be close to the rate of its business growth. Below is the GF Value chart of Huntington Ingalls Industries:Story continuesUnveiling Huntington Ingalls Industries (HII)'s Value: Is It Really Priced Right? A Comprehensive GuideFinancial Strength of Huntington Ingalls IndustriesInvesting in companies with low financial strength could result in permanent capital loss. Therefore, it is crucial to review a company's financial strength before deciding whether to buy shares. Looking at the cash-to-debt ratio and interest coverage can give a good initial perspective on the company's financial strength. Huntington Ingalls Industries has a cash-to-debt ratio of 0.1, which ranks worse than 84.38% of 288 companies in the Aerospace & Defense industry. Based on this, GuruFocus ranks Huntington Ingalls Industries's financial strength as 5 out of 10, suggesting fair balance sheet.This is the debt and cash of Huntington Ingalls Industries over the past years:Unveiling Huntington Ingalls Industries (HII)'s Value: Is It Really Priced Right? A Comprehensive GuideProfitability and Growth of Huntington Ingalls IndustriesCompanies that have been consistently profitable over the long term offer less risk for investors who may want to purchase shares. Higher profit margins usually dictate a better investment compared to a company with lower profit margins. Huntington Ingalls Industries has been profitable 10 over the past 10 years. Over the past twelve months, the company had a revenue of $10.90 billion and Earnings Per Share (EPS) of $13.01. Its operating margin is 4.62%, which ranks worse than 53.9% of 282 companies in the Aerospace & Defense industry. Overall, the profitability of Huntington Ingalls Industries is ranked 8 out of 10, which indicates strong profitability.One of the most important factors in the valuation of a company is growth. Long-term stock performance is closely correlated with growth according to GuruFocus research. Companies that grow faster create more value for shareholders, especially if that growth is profitable. The average annual revenue growth of Huntington Ingalls Industries is 7.4%, which ranks better than 68.08% of 260 companies in the Aerospace & Defense industry. The 3-year average EBITDA growth is 7.5%, which ranks better than 65.35% of 228 companies in the Aerospace & Defense industry.ROIC vs WACC of Huntington Ingalls IndustriesOne can also evaluate a company's profitability by comparing its return on invested capital (ROIC) to its weighted average cost of capital (WACC). Return on invested capital (ROIC) measures how well a company generates cash flow relative to the capital it has invested in its business. The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. If the return on invested capital exceeds the weighted average cost of capital, the company is likely creating value for its shareholders. During the past 12 months, Huntington Ingalls Industries's ROIC is 3.92 while its WACC came in at 5.31.The historical ROIC vs WACC comparison of Huntington Ingalls Industries is shown below:Unveiling Huntington Ingalls Industries (HII)'s Value: Is It Really Priced Right? A Comprehensive GuideConclusionIn summary, the stock of Huntington Ingalls Industries (NYSE:HII) gives every indication of being fairly valued. The company's financial condition is fair, and its profitability is strong. Its growth ranks better than 65.35% of 228 companies in the Aerospace & Defense industry. To learn more about Huntington Ingalls Industries stock, you can check out its 30-Year Financials here.To find out the high quality companies that may deliver above average returns, please check out GuruFocus High Quality Low Capex Screener.This article first appeared on GuruFocus.

GuruFocus.com

Unveiling Huntington Ingalls Industries (HII)'s Value: Is It Really Priced Right? A ...

https://finance.yahoo.com/news/unveiling-huntington-ingalls-industries-hii-233255294.html

0122fef7-9070-356f-af4b-76bebc82f5ba

HLI

Houlihan Lokey, Inc. (NYSE:HLI) will increase its dividend from last year's comparable payment on the 15th of September to $0.55. Even though the dividend went up, the yield is still quite low at only 2.2%. Check out our latest analysis for Houlihan Lokey Houlihan Lokey's Earnings Easily Cover The DistributionsWhile yield is important, another factor to consider about a company's dividend is whether the current payout levels are feasible. The last dividend was quite easily covered by Houlihan Lokey's earnings. This indicates that a lot of the earnings are being reinvested into the business, with the aim of fueling growth.The next year is set to see EPS grow by 54.7%. Assuming the dividend continues along recent trends, we think the payout ratio could be 47% by next year, which is in a pretty sustainable range.historic-dividendHoulihan Lokey Is Still Building Its Track RecordIt is great to see that Houlihan Lokey has been paying a stable dividend for a number of years now, however we want to be a bit cautious about whether this will remain true through a full economic cycle. The annual payment during the last 8 years was $0.60 in 2015, and the most recent fiscal year payment was $2.20. This implies that the company grew its distributions at a yearly rate of about 18% over that duration. We're not overly excited about the relatively short history of dividend payments, however the dividend is growing at a nice rate and we might take a closer look.We Could See Houlihan Lokey's Dividend GrowingInvestors could be attracted to the stock based on the quality of its payment history. Houlihan Lokey has impressed us by growing EPS at 6.3% per year over the past five years. Since earnings per share is growing at an acceptable rate, and the payout policy is balanced, we think the company is positioning itself well to grow earnings and dividends in the future.Our Thoughts On Houlihan Lokey's DividendOverall, it's great to see the dividend being raised and that it is still in a sustainable range. While the payout ratios are a good sign, we are less enthusiastic about the company's dividend record. The payment isn't stellar, but it could make a decent addition to a dividend portfolio.It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For instance, we've picked out 1 warning sign for Houlihan Lokey that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Houlihan Lokey (NYSE:HLI) Is Increasing Its Dividend To $0.55

https://finance.yahoo.com/news/houlihan-lokey-nyse-hli-increasing-102052697.html

89d979e7-77cf-344d-aa35-e1060e8ac423

HLI

Charlotte Peyraud Joins as Co-Head of New PracticeNEW YORK, September 05, 2023--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today the launch of a new practice within the firm’s Financial and Valuation Advisory (FVA) business to provide clients with strategic counsel on sustainability and environmental, social, and governance (ESG) issues and to assist boards of directors, investors, and management teams in successfully navigating the ever-evolving global sustainability business landscape.The new practice, called Sustainability Advisory Services, will be co-led by Charlotte Peyraud, who has joined as Co-Head of Sustainability Advisory Services alongside Rob Teigman, Co-Head of FVA’s Energy and Infrastructure practice. Ms. Peyraud is based in New York."Throughout her career, Charlotte has advised board members, management teams, and other stakeholders on sustainability issues, long before ‘ESG’ became common terminology. Her expertise in sustainable finance structuring, the ESG reporting landscape, ESG disclosure, benchmarking, and positioning will be highly valuable to existing and future clients. We are delighted that Charlotte has joined us to lead this new practice and strengthen Houlihan Lokey’s commitment to sustainability and ESG-focused offerings," said Kreg Jackson, Global Co-Head of Financial and Valuation Advisory.Ms. Peyraud brings more than 15 years of experience in sustainability-related roles, most recently as a Director on Credit Suisse’s global ESG Financing and Advisory team where she advised on structuring transactions across asset classes with an ESG overlay. Prior experience includes serving as Manager, Sustainable Finance Solutions at Sustainalytics, a prominent ESG ratings provider, and at Crédit Agricole CIB, where she led sustainable banking activities for the Americas. Ms. Peyraud began her career in the environmental nonprofit sector prior to transitioning into sustainable finance.Story continues"Houlihan Lokey recognizes that sustainability—as a risk management framework that investors and stakeholders are concerned with—is here to stay, even as it will continue to evolve in the years ahead," said Drew Koecher, Global Co-Head of Financial and Valuation Advisory. "With our new Sustainability Advisory Services, we will provide our clients with best-in-class insights and decision support impacting valuation, diligence, transaction structuring, and monitoring across the global ESG spectrum.""In the rapidly evolving sustainability space, board members, management teams, and investors face a unique challenge. There is often a lack of clarity and inadequate tools to navigate crucial sustainability topics. I am thrilled to join Houlihan Lokey and work to provide the much-needed support in this relatively underserved space," said Ms. Peyraud."Houlihan Lokey has always strived to stay at the forefront of industry trends. Our Sustainability Advisory Services offering is a testament to this commitment, ensuring our board of directors and financial sponsor clients have the strategic support they need," said Mr. Teigman.About Houlihan LokeyHoulihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. The firm is the No. 1 investment bank for global M&A transactions under $1 billion, the No. 1 M&A advisor for the past eight consecutive years in the U.S., the No. 1 global restructuring advisor for the past nine consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by Refinitiv.View source version on businesswire.com: https://www.businesswire.com/news/home/20230905931552/en/ContactsInvestor [email protected] RelationsJohn [email protected]

Business Wire

Houlihan Lokey Launches Sustainability Advisory Services Practice and Announces Senior Hire

https://finance.yahoo.com/news/houlihan-lokey-launches-sustainability-advisory-141500408.html

30bbc2d6-ca63-3104-bfc5-68e85a25175c

HLLY

Holley Inc. (HLLY) closed the last trading session at $6.18, gaining 12% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8.61 indicates a 39.3% upside potential.The average comprises nine short-term price targets ranging from a low of $6 to a high of $10, with a standard deviation of $1.21. While the lowest estimate indicates a decline of 2.9% from the current price level, the most optimistic estimate points to a 61.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.However, an impressive consensus price target is not the only factor that indicates a potential upside in HLLY. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?Story continuesThey usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.Here's Why There Could be Plenty of Upside Left in HLLYAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.The Zacks Consensus Estimate for the current year has increased 47.4% over the past month, as six estimates have gone higher compared to no negative revision.Moreover, HLLY currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Therefore, while the consensus price target may not be a reliable indicator of how much HLLY could gain, the direction of price movement it implies does appear to be a good guide.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHolley Inc. (HLLY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Can Holley Inc. (HLLY) Climb 39.32% to Reach the Level Wall Street Analysts Expect?

https://finance.yahoo.com/news/holley-inc-hlly-climb-39-135507317.html

826d99bf-ca23-34c6-a83e-08382085caf2

HLLY

Shares of Holley Inc. (HLLY) have been struggling lately and have lost 23.6% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this company enhances its prospects of a trend reversal.Understanding Hammer Chart and the Technique to Trade ItThis is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.Story continuesHere's What Increases the Odds of a Turnaround for HLLYThere has been an upward trend in earnings estimate revisions for HLLY lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.Over the last 30 days, the consensus EPS estimate for the current year has increased 47.1%. What it means is that the sell-side analysts covering HLLY are majorly in agreement that the company will report better earnings than they predicted earlier.If this is not enough, you should note that HLLY currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of Holley Inc. a Zacks Rank of 1 is a more conclusive fundamental indication of a potential turnaround.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHolley Inc. (HLLY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Holley Inc. (HLLY) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

https://finance.yahoo.com/news/holley-inc-hlly-could-support-215145833.html

988b6e77-33e2-359e-a07d-0713391ab6c4

HLT

With a daily gain of 2.99%, a 3-month gain of 6%, and an Earnings Per Share (EPS) of 4.79, Hilton Worldwide Holdings Inc (NYSE:HLT) presents an intriguing prospect for value investors. But the question remains: is the stock modestly undervalued? This article delves into a comprehensive valuation analysis to answer this question. Let's dive in.Company IntroductionWarning! GuruFocus has detected 4 Warning Sign with HLT. Click here to check it out. HLT 30-Year Financial DataThe intrinsic value of HLTHilton Worldwide Holdings Inc (NYSE:HLT) operates 1,127,430 rooms across its 20 plus brands, addressing the premium economy scale through luxury segments. As of December 31, 2022, Hampton and Hilton are the two largest brands by total room count at 28% and 13%, respectively. The company has launched several brands over the last few years, including Home2, Curio, Canopy, Spark, Tru, Tempo, and Project H3. The majority of its adjusted EBITDA comes from managed and franchised operations, predominantly from the Americas regions.As of September 08, 2023, the company's stock price stands at $152.79, while its GF Value, an estimation of fair value, is $171.85. This suggests the stock could be modestly undervalued.Unveiling Hilton Worldwide Holdings (HLT)'s Value: Is It Really Priced Right? A Comprehensive GuideUnderstanding GF ValueThe GF Value is a proprietary measure of a stock's intrinsic value, computed based on historical trading multiples, a GuruFocus adjustment factor based on past performance and growth, and future business performance estimates. The GF Value Line gives an overview of the fair value that the stock should ideally be traded at.If the stock price is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher. Given Hilton Worldwide Holdings (NYSE:HLT)'s current price of $152.79 per share, the stock is believed to be modestly undervalued, suggesting its long-term return is likely to be higher than its business growth.Story continuesUnveiling Hilton Worldwide Holdings (HLT)'s Value: Is It Really Priced Right? A Comprehensive GuideLink: These companies may deliver higher future returns at reduced risk.Assessing Financial StrengthInvesting in companies with poor financial strength has a higher risk of permanent loss of capital. Hence, it's important to carefully review a company's financial strength before deciding to buy its stock. Hilton Worldwide Holdings has a cash-to-debt ratio of 0.08, worse than 82.93% of 826 companies in the Travel & Leisure industry. GuruFocus ranks Hilton Worldwide Holdings' overall financial strength at 4 out of 10, indicating poor financial strength.Unveiling Hilton Worldwide Holdings (HLT)'s Value: Is It Really Priced Right? A Comprehensive GuideProfitability and GrowthInvesting in profitable companies, especially those demonstrating consistent profitability over the long term, typically poses less risk. Hilton Worldwide Holdings has been profitable 9 out of the past 10 years. Over the past twelve months, the company had a revenue of $9.80 billion and Earnings Per Share (EPS) of $4.79. Its operating margin is 23.54%, which ranks better than 86.34% of 820 companies in the Travel & Leisure industry. Overall, GuruFocus ranks Hilton Worldwide Holdings' profitability at 7 out of 10, indicating fair profitability.Growth is one of the most important factors in the valuation of a company. Hilton Worldwide Holdings' 3-year average revenue growth rate is better than 53.07% of 765 companies in the Travel & Leisure industry. Its 3-year average EBITDA growth rate is 6.5%, ranking better than 53.71% of 607 companies in the Travel & Leisure industry.ROIC vs WACCAnother way to determine a company's profitability is to compare its return on invested capital (ROIC) to the weighted average cost of capital (WACC). The ROIC measures how well a company generates cash flow relative to the capital it has invested in its business. The WACC is the rate that a company is expected to pay on average to all its security holders to finance its assets. When the ROIC is higher than the WACC, it implies the company is creating value for shareholders. For the past 12 months, Hilton Worldwide Holdings' ROIC is 11.43, and its cost of capital is 9.82.Unveiling Hilton Worldwide Holdings (HLT)'s Value: Is It Really Priced Right? A Comprehensive GuideConclusionIn conclusion, Hilton Worldwide Holdings (NYSE:HLT) stock appears to be modestly undervalued. The company's financial condition is poor, but its profitability is fair, and its growth ranks better than 53.71% of 607 companies in the Travel & Leisure industry. To learn more about Hilton Worldwide Holdings stock, you can check out its 30-Year Financials here.To find out the high-quality companies that may deliver above-average returns, please check out GuruFocus High Quality Low Capex Screener.This article first appeared on GuruFocus.

GuruFocus.com

Unveiling Hilton Worldwide Holdings (HLT)'s Value: Is It Really Priced Right? A Comprehensive Guide

https://finance.yahoo.com/news/unveiling-hilton-worldwide-holdings-hlt-153310217.html

386215cc-59a1-3005-82c3-4c5a37dc7127

HLT

Key InsightsUsing the 2 Stage Free Cash Flow to Equity, Hilton Worldwide Holdings fair value estimate is US$177Current share price of US$154 suggests Hilton Worldwide Holdings is potentially trading close to its fair value Analyst price target for HLT is US$163 which is 8.2% below our fair value estimateToday we'll do a simple run through of a valuation method used to estimate the attractiveness of Hilton Worldwide Holdings Inc. (NYSE:HLT) as an investment opportunity by taking the forecast future cash flows of the company and discounting them back to today's value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Believe it or not, it's not too difficult to follow, as you'll see from our example!We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. Check out our latest analysis for Hilton Worldwide Holdings The MethodWe are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:Story continues10-year free cash flow (FCF) forecast2024202520262027202820292030203120322033 Levered FCF ($, Millions) US$1.92bUS$2.03bUS$2.47bUS$2.72bUS$2.91bUS$3.07bUS$3.21bUS$3.33bUS$3.43bUS$3.54bGrowth Rate Estimate SourceAnalyst x3Analyst x2Analyst x1Analyst x1Est @ 6.84%Est @ 5.44%Est @ 4.45%Est @ 3.76%Est @ 3.28%Est @ 2.94% Present Value ($, Millions) Discounted @ 8.1% US$1.8kUS$1.7kUS$2.0kUS$2.0kUS$2.0kUS$1.9kUS$1.9kUS$1.8kUS$1.7kUS$1.6k("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$18bAfter calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.2%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.1%.Terminal Value (TV)= FCF2033 × (1 + g) ÷ (r – g) = US$3.5b× (1 + 2.2%) ÷ (8.1%– 2.2%) = US$61bPresent Value of Terminal Value (PVTV)= TV / (1 + r)10= US$61b÷ ( 1 + 8.1%)10= US$28bThe total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$46b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$154, the company appears about fair value at a 13% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out.dcfImportant AssumptionsNow the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Hilton Worldwide Holdings as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.1%, which is based on a levered beta of 1.187. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.SWOT Analysis for Hilton Worldwide HoldingsStrengthEarnings growth over the past year exceeded the industry.Debt is well covered by earnings and cashflows.WeaknessDividend is low compared to the top 25% of dividend payers in the Hospitality market.OpportunityAnnual revenue is forecast to grow faster than the American market.Current share price is below our estimate of fair value.ThreatTotal liabilities exceed total assets, which raises the risk of financial distress.Annual earnings are forecast to grow slower than the American market.Next Steps:Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Hilton Worldwide Holdings, we've compiled three pertinent aspects you should further examine:Risks: Be aware that Hilton Worldwide Holdings is showing 3 warning signs in our investment analysis , you should know about...Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for HLT's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors.Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just search here.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St.

Estimating The Fair Value Of Hilton Worldwide Holdings Inc. (NYSE:HLT)

https://finance.yahoo.com/news/estimating-fair-value-hilton-worldwide-140015263.html

9d1853ea-0715-3c42-8893-7eb9363d6fc6

HLTH

By Svea Herbst-BaylissNEW YORK, Aug 31 (Reuters) - Tarsadia Investments is urging Cue Health to review its strategy, including options for a possible sale, to help reverse its stock plunge of 98% in the last two years, according to a letter seen by Reuters.The investment firm, which owns just under 5% of the diagnostic company's shares and invests for wealthy families, also wants it to cut costs and add a shareholder director, said the letter, which was sent to the board on Thursday.Tarsadia wants drastic action after Cue Health's value has been nearly wiped out since it went public in September 2021.The stock closed at 44 cents on Wednesday, leaving the company with a market value of $67 million. Its stock was priced at $16 a share at its initial public offering and climbed to $20 on the first day of trading.While Cue Health's COVID tests were in high demand during the pandemic, a rapid decline in testing recently led to a drop in revenue even as operating expenses, including research and development, remained high."We are recommending the Board ... conduct a strategic review of management's standalone long-term business plan and the capital required to execute on that plan," Tarsadia wrote in the letter.A representative for Cue Health did not immediately respond to a request for comment.To reverse the company's downward spiral, Tarsadia urged it to hire financial advisers, to "realign its unsustainable cost structure" and to add a shareholder to its seven-member board to help evaluate strategic alternatives.Tarsadia's lawyers are also filing a request to inspect the company's books and records, the letter said.The investment firm wrote that "Cue's industry-leading technology has the potential to transform how acute and chronic conditions are diagnosed and managed."But at the moment, Cue Health is in "dire financial straits" and its "trajectory is not sustainable and puts all stockholders at risk," the letter said.(Reporting by Svea Herbst-Bayliss in New York Editing by Matthew Lewis)

Reuters

Investor Tarsadia urges Cue Health to review options, add new director

https://finance.yahoo.com/news/investor-tarsadia-urges-cue-health-130000170.html

f4ba52d2-69af-3dde-a501-f6759253b291

HLTH

(Updates with statement from Cue Health in paragraph 7, updates share move in paragraph 4)By Svea Herbst-BaylissNEW YORK, Aug 31 (Reuters) - Tarsadia Investments wants Cue Health to review its strategy, including a possible sale, to help reverse its stock plunge of 98% in the last two years.The investment firm, which owns just under 5% of the diagnostic company's shares, also wants it to cut costs and add a shareholder director, according to a letter, sent on Thursday.Cue Health's value has been nearly wiped out since it went public in September 2021.The stock jumped nearly 17% to 52 cents a share on Thursday, representing a market value of $79 million. Its stock was priced at $16 a share at its initial public offering and climbed to $20 on the first day of trading.Cue Health's COVID tests were in high demand during the pandemic, but testing has dropped dramatically, cutting revenue even as operating expenses have remained high."We are recommending the Board ... conduct a strategic review of management's standalone long-term business plan and the capital required to execute on that plan," Tarsadia wrote in the letter.Cue Health said it "consistently reviews" its strategy and appreciates constructive feedback. It said it has enhanced research and development and is ahead of plan on some cost cuts. It also said it met with Tarsadia several times and that the board will "continue to act in the best interests of all shareholders."To reverse the company's downward spiral, Tarsadia urged it to hire financial advisers, "realign its unsustainable cost structure" and add a shareholder to its seven-member board to help evaluate strategic alternatives.Tarsadia's lawyers are also filing a request to inspect the company's books and records, the letter said.The investment firm wrote that "Cue's industry-leading technology has the potential to transform how acute and chronic conditions are diagnosed and managed." (Reporting by Svea Herbst-Bayliss in New York Editing by Matthew Lewis and Cynthia Osterman)

Reuters

UPDATE 1-Investor Tarsadia urges Cue Health to review options, add new director

https://finance.yahoo.com/news/1-investor-tarsadia-urges-cue-184118529.html

5104efd7-1b40-3a6e-ab3f-25705fbfa057

HMC

Honda will join Ford, GM and other electric vehicle makers in adopting Tesla's charging technology, the company announced Thursday.Honda Motor Co. said it will use Tesla's fast-charging port for its EV models that go on sale in North American starting in 2025.Ford and General Motors announced similar deals with Elon Musk-owned Tesla in June, and electric truck maker Rivian followed suit later that month.Analysts say that Tesla’s North American Charging Standard (NACS) connector and cord are much lighter and easier to handle than the Combined Charging System (CCS) used by the rest of the auto industry.Tesla has about 17,000 Supercharger stations in the U.S. There are about 54,000 public charging stations in the U.S., according to the Department of Energy, but many charge much more slowly than the Tesla stations.As more and more automakers switch to Tesla’s connector, experts say it appears Tesla is on its way to becoming the industrywide standard. That would mean more revenue and a huge competitive advantage for the company, which sells more EVs than anyone else in the U.S.Chargers often are located near freeways to enable long trips, where most fast-charging plugs are needed.The addition of yet another EV maker to its charging network could rankle Tesla owners, though the Austin, Texas-based company appears to be holding back at least part of its network for exclusive use by Tesla owners, analysts say.Earlier this year, the White House announced that at least 7,500 chargers from Tesla’s Supercharger and Destination Charger network would be available to non-Tesla electric vehicles by the end of 2024. But the rollout thus far has been slow.

AP Finance

Honda joins Ford, GM and others in adopting Tesla's EV charging technology

https://finance.yahoo.com/news/honda-joins-ford-gm-others-175441467.html

8779722f-b69c-35ce-9fc1-0ec5369d2984