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For Immediate ReleaseChicago, IL – February 21, 2024 – Today, Zacks Equity Research discusses Lincoln Electric Holdings, Inc. LECO, Stanley Black & Decker, Inc. SWK and Enerpac Tool Group Corp. EPAC.Industry: Manufacturing ToolsLink: https://www.zacks.com/commentary/2228327/3-manufacturing-tools-stocks-to-overcome-industry-headwindsThe Zacks Manufacturing-Tools & Related Products industry is poised to benefit from improving supply chains, resulting in easier availability of raw materials and faster deliveries. Cost-control measures and investments in product development are suitable for the industry’s growth. However, softness in demand due to the slowdown in the manufacturing sector paints a bleak picture for the industry in the near term.Nevertheless, easing supply chain disruptions are expected to aid companies like Lincoln Electric Holdings, Inc., Stanley Black & Decker, Inc. and Enerpac Tool Group Corp.About the IndustryThe Zacks Manufacturing-Tools & Related Products industry comprises companies that develop and distribute hand and mechanics tools, hydraulic tools, engineered fastening systems and heavy-lifting technology solutions. Arc-welding products, robotic-welding packages, fume-extraction equipment, oxy-fuel cutting equipment, plasma cutters, healthcare solutions, electronic security solutions and other products are also produced by some tool-makers.The highly advanced tools are used in industrial, commercial, oil & gas, mining, automotive and other industries. The providers of electronic security solutions cater to commercial, retail, government, financial and healthcare markets. Talking about international operations, some industry players provide products and services to customers in North and South America, Japan, Europe, Canada, Asia and the Middle East.3 Trends Shaping the Future of the Manufacturing Tools IndustryWeakness in the Manufacturing Sector: Persistent weakness in the manufacturing sector has been weighing on demand in the industry. Per the Institute for Supply Management’s (“ISM”) report, in January, the Manufacturing Purchasing Manager’s Index touched 49.1%, contracting for the 15th consecutive month. A figure less than 50% indicates a contraction in manufacturing activity.Story continuesHowever, the manufacturing sector has been showing signs of gradual improvement, with the new orders index moving into expansion territory. In January, the New Order Index touched 52.5%, registering an increase of 5.5 percentage points from December 2023. The uptick in new orders, in conjunction with the slowdown in inflation, augurs well for the industry participants.Easing Supply Chain Disruptions: While supply-chain disruptions persist, primarily related to the availability of electronic components, the situation has improved, as evident from the ISM report’s Supplier Deliveries Index, which reflected faster deliveries for the 16th straight month in January. Easing supply chain issues should support companies’ growth in 2024. Additionally, an anticipated reduction in raw material costs should aid the bottom line of the industry participants.Investments in Product Development & Innovation: The industry participants’ constant focus on innovation, product upgrades and the development of new products to stay competitive in the market should drive growth. While this augurs well for the industry’s long-term growth, hefty investments in research and development often leave companies with highly-leveraged balance sheets.Zacks Industry Rank Indicates Bleak ProspectsThe Zacks Manufacturing-Tools & Related Products industry, housed within the broader Zacks Industrial Products sector, currently carries a Zacks Industry Rank #223. This rank places it in the bottom 11% 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 bleak prospects in the near term. 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.Despite the bleak near-term prospects, we will present a few stocks that you may want to retain in your portfolios. But it is worth taking a look at the industry’s shareholder returns and its current valuation first.Industry Outperforms Sector but Lags S&P 500The Zacks Manufacturing-Tools & Related Products industry has outperformed the sector but lagged the S&P 500 composite index in the past year.Over this period, the industry has appreciated 15.4% compared with the sector and the S&P 500 index’s increase of 11% and 22.9%, respectively.Industry's Current ValuationOn the basis of forward P/E (F12M), which is a commonly used multiple for valuing manufacturing tools and related product stocks, the industry is currently trading at 21.39X compared with the S&P 500’s 20.71X. It is also above the sector’s P/E (F12M) ratio of 17.51X.Over the past five years, the industry has traded as high as 25.05X, as low as 10.98X and at the median of 17.32X.3 Manufacturing Tool Stocks to Keep a Tab OnLincoln Electric: Headquartered in Cleveland, OH, Lincoln Electric is a full-line manufacturer and reseller of welding and cutting products. The company has been witnessing improving orders, strong quoting activity and high backlogs for equipment systems and automation solutions. Product launches in the automation solutions market and investments in new technologies, like additives, are expected to bolster the Zacks Rank #3 (Hold) company's growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Although the Zacks Consensus Estimate for Lincoln Electric’s 2024 earnings has been revised downward by 1.6% in the past 60 days, the same has recovered 0.2% in the past seven days. The stock has surged 53% in a year.Stanley Black: Headquartered in New Britain, CT, Stanley Black manufactures tools (power and hand tools) and related accessories and engineered fastening systems, among other items. Pricing actions and strength in aerospace and auto markets are expected to fuel SWK’s growth. Cost-reduction efforts are expected to support this Zacks Rank #3 (Hold) company’s margin performance and drive the bottom line. Supply-chain optimization programs and inventory reduction efforts are also expected to boost margins.The Zacks Consensus Estimate for Stanley Black’s first-quarter 2024 earnings has been revised upward by 13% in the past 60 days. The stock has gained 5.5% in the past year.Enerpac Tool: Based in Menomonee Falls, WI, Enerpac Tool is a manufacturer, marketer and distributor of various industrial tools, including high-pressure hydraulic tools and controlled force products. Its exposure is notable in the industrial, production automation, mining and energy markets. A solid product line, innovation capabilities, healthy demand and commercial efficiency add to this Zacks Rank #3 (Hold) company’s growth prospects.The Zacks Consensus Estimate for Enerpac Tool’s fiscal 2024 (ending August 2024) and fiscal 2025 (ending August 2025) earnings has been revised upward by 2.3% and 5.1%, respectively, in the past 60 days. The stock has gained 23.3% in the past year.Why Haven’t You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/ Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Media ContactZacks Investment Research800-767-3771 ext. [email protected]://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.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 reportStanley Black & Decker, Inc. (SWK) : Free Stock Analysis ReportLincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis ReportEnerpac Tool Group Corp. (EPAC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Zacks Industry Outlook Highlights Lincoln Electric, Stanley Black & Decker and Enerpac Tool Group

https://finance.yahoo.com/news/zacks-industry-outlook-highlights-lincoln-091300007.html

4e7cb69c-eaca-3d5e-a8cc-13d492fdb95b

SWK

If you're looking for a stock to buy in March, you should start your search with dividend payers NextEra Energy (NYSE: NEE), Enterprise Products Partners (NYSE: EPD), and Stanley Black & Decker (NYSE: SWK). They will each appeal to different types of investors, but they all offer very attractive stories today. Here's a quick look at each.1. NextEra Energy is a reliable dividend growerA lot of dividend investors will look at NextEra Energy's 3.7% dividend yield, which is roughly average for a utility, and move right on to the next investment. That would be a mistake if you like dividend growth, since NextEra has increased its dividend at a roughly 10% clip over the past decade. And that payment has been increased annually for nearly 30 years. The key here, however, is that the utility sector downturn has pushed NextEra's yield up to near the highest in a decade, suggesting the stock is on sale.What you get if you buy NextEra is a unique combination of a boring regulated utility business (about 70% of the company) and a fast-growing clean-energy company (30%). And while rising rates may take the growth rate down a notch, the company is still projecting 6% to 8% earnings growth through 2026. That's a rapid clip in the utility sector, and it should keep the dividend on a solid upward path. Long-term dividend growth investors have an opportunity to add a great company at a reasonable price today, and that shouldn't be ignored.2. Enterprise Products Partners is a reliable energy stockEnterprise Products Partners operates one of the largest portfolios of midstream energy infrastructure in North America. It charges fees for the use of its assets, so the price of the oil and natural gas that flows through its pipelines, storage, processing, and transportation facilities is less important than demand. On that score, energy demand is expected to remain robust for decades to come, even as clean energy production increases thanks to a growing global population and rising living standards.Story continuesThat's the underpinning of the story. But what makes it really exciting is the ultra-high 7.3% distribution yield on offer here. The distribution has been increased for 25 consecutive years. It's backed by an investment grade-rated balance sheet. And distributable cash flow covered the payment by a very healthy 1.7 times in 2023. To be fair, the yield will probably make up the vast majority of an investor's return here, but if you're trying to maximize your income stream, that probably won't bother you at all.3. Stanley Black & Decker's earnings trend is set to change direction in 2024Toolmaker Stanley Black & Decker has been a tough company to love for a couple of years. A series of debt-funded acquisitions, supply chain disruptions, and volatility surrounding the coronavirus pandemic pushed earnings materially lower in 2022 and again in 2023. But management has done a lot of heavy lifting in an effort to get the company back on track, including debt reduction, asset sales, and the streamlining of the company. In 2024, earnings should hit an inflection point and grow over 2023 levels.The industrial company isn't out of the woods just yet, but as investors see positive momentum, Wall Street will probably start to take a more positive view of the stock. Meanwhile, this Dividend King is offering investors a historically high 3.6% dividend yield. If you can stomach buying a turnaround play, Stanley Black & Decker looks to be about to turn the corner earnings wise. There might not be much more time to buy it before other investors start to catch on to the improving business performance.Dividend growth, high yield, and a turnaround playFew investors will want to buy each of the stocks on this list, because they all appeal to different types of investors. Dividend growth types will appreciate NextEra Energy, yield seekers will like Enterprise, and more aggressive investors willing to step into a turnaround story will probably find the likely earnings upturn at Stanley Black & Decker very excitingShould you invest $1,000 in Enterprise Products Partners right now?Before you buy stock in Enterprise Products Partners, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Enterprise Products Partners wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.See the 10 stocks*Stock Advisor returns as of February 26, 2024Reuben Gregg Brewer has positions in Stanley Black & Decker. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.3 Dividend Stocks to Buy Hand Over Fist in March was originally published by The Motley Fool

Motley Fool

3 Dividend Stocks to Buy Hand Over Fist in March

https://finance.yahoo.com/news/3-dividend-stocks-buy-hand-120700917.html

bf0c3756-757d-3eae-91b2-35aa684d508d

SWK

It has been about a month since the last earnings report for Kennametal (KMT). Shares have added about 6.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Kennametal 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 drivers.Kennametal Q2 Earnings Top Estimates, Revenues Down Y/YKennametal reported second-quarter fiscal 2024 (ended Dec 31, 2023). adjusted earnings of 30 cents per share, which beat the Zacks Consensus Estimate of 25 cents. The bottom line increased 20% from the year-ago figure.Revenue DetailsIn the quarter under review, Kennametal’s revenues were $495.3 million, decreasing 0.4% from the year-ago quarter’s figure. Organic sales declined 3% year over year in the quarter. Business days had a positive impact of 2%. Currency exchange positively affected sales by 1%.KMT’s revenues matched the Zacks Consensus Estimate of $495 million.On a geographical basis, revenues from American operations decreased 4.5% year over year to $238.9 million, whereas sales from Europe, the Middle East and Africa region were $152.9 million, up 7.4% from the year-ago quarter’s reading. Sales from the Asia Pacific belt decreased 1.1% to $103.5 million.Kennametal reports results under two business segments, namely Metal Cutting and Infrastructure. Its segmental performance for the fiscal second quarter is briefly discussed below:The Metal Cutting segment’s revenues of $311.4 million increased 4% year over year. Organic sales growth in the quarter was flat. Forex woes had a favorable impact of 2%. The Zacks Consensus Estimate for Metal Cutting’s revenues was pegged at $302 million.The Infrastructure segment’s revenues totaled $183.9 million, decreasing 7% year over year. Foreign currency movements had an adverse impact of 1% and unfavorable business days were flat year over year. Organic sales declined 8% year over year. The consensus estimate for Infrastructure’s revenues was pegged at $191 million.Story continuesMargin ProfileKennametal’s cost of goods sold in the reported quarter decreased 0.4% year over year to $355.7 million. The gross profit decreased 2.3% year over year to $139.6 million wherein the margin decreased 50 basis points (bps) to 28.2%. Operating expenses summed $107.3 million in the quarter under review, up 1.5% year over year.The operating income decreased 19.8% year over year to $28.5 million. Operating margin decreased 140 bps year over year to 5.7%. Higher wages and general inflation, lower sales volumes and higher raw material costs were spoilsports.Interest expenses in the reported quarter were $6.8 million, down 2.4% from the year-ago quarter’s figure. The adjusted effective tax rate was 9.0% in the quarter under review, down from 17.8% in the year-ago quarter.Balance Sheet and Cash FlowWhile exiting the second quarter of fiscal 2024, Kennametal’s cash and cash equivalents were $90.7 million compared with $106 million reported in fourth-quarter fiscal 2023. Long-term debt was $595.6 million, almost in line with $595.2 million reported in the fiscal fourth quarter of 2023.In the first six months of fiscal 2024, Kennametal generated net cash of $88.3 million in operating activities compared with $52.6 million net cash generated in the previous fiscal year’s quarter. Capital invested in purchasing property, plant and equipment (net of the amount received on disposals) was $57.4 million, up 13.6% from $50.6 million in the prior fiscal year. Free operating cash flow was $36 million compared with $4.4 million in the previous fiscal year’s period.In the second quarter of fiscal 2024, KMT paid a dividend worth $16 million and repurchased shares worth $15 million.Q3 Fiscal 2024 GuidanceFor the third quarter of fiscal 2024 (ending March 2024), Kennametal anticipates sales to be $510-$530 million. Earnings per share are anticipated to be 25-35 cents. The Zacks Consensus Estimate for earnings is 49 cents per share.Fiscal 2024 GuidanceFor fiscal 2024 (ending June 2024), the company anticipates sales to be $2.02-$2.07 billion compared with $2.10-$2.20 billion stated before. The Zacks Consensus Estimate is $2.08 billion. Adjusted earnings per share are anticipated to be $1.35-$1.65 compared with $1.75-$2.15 expected before. The consensus estimate for earnings is $1.74 per share. Free operating cash flow is expected to be approximately 100% of net income (adjusted).Capital spending is expected to be $100-$110 million in the current fiscal year.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 -35.57% due to these changes.VGM ScoresAt this time, Kennametal has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Following the exact same course, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.Overall, the stock has an aggregate VGM Score of B. 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. It's no surprise Kennametal has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.Performance of an Industry PlayerKennametal belongs to the Zacks Manufacturing - Tools & Related Products industry. Another stock from the same industry, Stanley Black & Decker (SWK), has gained 2.1% over the past month. More than a month has passed since the company reported results for the quarter ended December 2023.Stanley Black & Decker reported revenues of $3.74 billion in the last reported quarter, representing a year-over-year change of -6.3%. EPS of $0.92 for the same period compares with -$0.10 a year ago.Stanley Black & Decker is expected to post earnings of $0.53 per share for the current quarter, representing a year-over-year change of +229.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.4%.The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Stanley Black & Decker. Also, the stock has a VGM Score of A.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 reportKennametal Inc. (KMT) : Free Stock Analysis ReportStanley Black & Decker, Inc. (SWK) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why Is Kennametal (KMT) Up 6.7% Since Last Earnings Report?

https://finance.yahoo.com/news/why-kennametal-kmt-6-7-163048917.html

19bb0685-bfd2-3217-bf8d-30539e9a3ffa

SWKS

Analog Devices (ADI) Reports Earnings Tomorrow. What To ExpectManufacturer of analog chips, Analog Devices (NASDAQ:ADI) will be announcing earnings results tomorrow before market open. Here's what investors should know.Last quarter Analog Devices reported revenues of $2.72 billion, down 16.4% year on year, in line with analyst expectations. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its gross margin.Is Analog Devices buy or sell heading into the earnings? Read our full analysis here, it's free.This quarter analysts are expecting Analog Devices's revenue to decline 23.1% year on year to $2.5 billion, a deceleration on the 21.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.71 per share.Analog Devices Total RevenueMajority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 2.1%.Looking at Analog Devices's peers in the analog semiconductors segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Skyworks Solutions's revenues decreased 9.6% year on year, missing analyst estimates by 0.2% and ON Semiconductor reported revenue decline of 4.1% year on year, exceeding estimates by 0.4%. Skyworks Solutions traded up 5.5% on the results, and ON Semiconductor was up 3.8%.Read our full analysis of Skyworks Solutions's results here and ON Semiconductor's results here.Investors in the analog semiconductors segment have had steady hands going into the earnings, with the stocks flat over the last month. Analog Devices is down 4.8% during the same time, and is heading into the earnings with analyst price target of $207, compared to share price of $187.9.When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

StockStory

Analog Devices (ADI) Reports Earnings Tomorrow. What To Expect

https://finance.yahoo.com/news/analog-devices-adi-reports-earnings-070112144.html

d54ef801-8a60-33ca-bbba-5e400f3be03e

SWKS

Universal Display (OLED) To Report Earnings Tomorrow: Here Is What To ExpectOLED provider Universal Display (NASDAQ:OLED) will be reporting earnings tomorrow after market close. Here's what investors should know.Last quarter Universal Display reported revenues of $141.1 million, down 12.1% year on year, missing analyst expectations by 5.3%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.Is Universal Display buy or sell heading into the earnings? Read our full analysis here, it's free.This quarter analysts are expecting Universal Display's revenue to decline 4.7% year on year to $161 million, a deceleration on the 15.6% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.19 per share.Universal Display Total RevenueMajority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.Looking at Universal Display's peers in the analog semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Skyworks Solutions's revenues decreased 9.6% year on year, missing analyst estimates by 0.2% and ON Semiconductor reported revenue decline of 4.1% year on year, exceeding estimates by 0.4%. Skyworks Solutions traded up 5.5% on the results, ON Semiconductor was up 3.8%.Read our full analysis of Skyworks Solutions's results here and ON Semiconductor's results here.Triggered by the Federal Reserve's hawkish stance on interest rates, shares of technology companies have been facing sell-off in 2022 and while some of the analog semiconductors stocks have fared somewhat better, they have not been spared, with share price declining 2.5% over the last month. Universal Display is up 3.2% during the same time, and is heading into the earnings with analyst price target of $195.5, compared to share price of $185.7.Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

StockStory

Universal Display (OLED) To Report Earnings Tomorrow: Here Is What To Expect

https://finance.yahoo.com/news/universal-display-oled-report-earnings-070223435.html

a855c4cd-1a3f-3bed-8617-08cb1516a060

SWKS

A month has gone by since the last earnings report for Qorvo (QRVO). Shares have added about 8.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Qorvo 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.Qorvo Q3 Earnings Beat Estimates on Higher RevenuesQorvo reported strong third-quarter fiscal 2024 results, with the bottom and the top line beating the respective Zacks Consensus Estimate. The company reported top-line expansion year over year, backed by solid demand trends in multiple end markets, including defense, aerospace, power management, WIFI, smartphone and automotive. However, weakness in the cellular base station market partially impeded this positive trend.Net IncomeOn a GAAP basis, the company reported a net loss of $126.9 million or a loss of $1.31 per share compared with a net loss of $15.9 million or a loss of 16 cents per share in the prior-year quarter. Despite revenue growth, increase in operating expenses led to greater loss.Non-GAAP net income was $205.9 million or $2.10 per share, up from $76.5 million or 75 cents per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimates by 45 cents.RevenuesNet sales during the quarter rose to $1.07 billion from $743.3 million in the prior-year quarter. Solid sales growth in Connectivity and Sensors Group (CSG) and Advance Cellular Group (ACG) business supported the revenue growth during the quarter. The company secured major deal wins for its ultra-wideband applications, including an in-vehicle car access platform and a flagship Android smartphone during the quarter. The top line beat the Zacks Consensus Estimate of $1 billion.High-Performance Analog contributed $118.9 million in revenues, down from $155 million in the year-ago quarter. Net sales fell short of the Zacks Consensus Estimate of $142.7 million. Inventory corrections in Cellular base station markets affected the top line in this segment. However, Qorvo is witnessing signs of market recovery in several end markets. The company secured new product orders for several large domestic and international ground-based radar systems. The transition from legacy mechanical systems to active electronics scanning systems is driving growth in the defense and aerospace business.In power management, the company continues to boast a strong presence in the consumer electronic sector. Healthy traction in automotive also cushioned the top line. Growing demand for DOCSIS 4.0 hybrid power doublers is supporting growth in the infrastructure business.Revenues from CSG were $108.9 million compared with $96.8 million in the year-earlier quarter. The top line marginally beat the Zacks Consensus Estimate of $107.8 million. The improvement is driven by the growing adoption of WIFI 7 across operator, retail, enterprise and mobile segments. Demand for WIFI 6 has remained strong in India. Solid ultra-wideband demand across various end markets, including automotive, laptop trackpads, wearables and smartphones, also supported the top line in this segment.Net sales in ACG were $846.1 million, up 72.1% year over year. Rising shipments of Qorvo components in support of the spring 2024 flagship smartphone launch by a leading Android smartphone maker boosted the revenue from this segment. The top line beat the Zacks Consensus Estimate of $754.06 million.Story continuesOther DetailsNon-GAAP gross profit rose to $470.5 million from $304.2 million, with respective margins of 43.8% and 40.9%. Non-GAAP operating expenses increased to $234 million from $205.7 million a year ago, owing to higher investments in new product development. Non-GAAP operating income stood at $236.5 million, up from $98.6 million in the year-ago quarter.Cash Flow & LiquidityAs of Dec 30, 2023, QRVO had $1.07 billion in cash and cash equivalents with $1.55 billion of long-term debt. The company generated $492.9 million in net cash from operating activities, with a free cash flow of $466.5 million. Qorvo repurchased $100 million worth of shares at an average price of $94 in the quarter.OutlookFor fourth-quarter fiscal 2024, the company expects revenues at about $925 million (+/- $25 million). Non-GAAP gross margin is projected at 42%. Non-GAAP earnings per share are likely to be $1.20 at the midpoint of the revenue guidance. The company expects non-GAAP operating expenses to be $245 million in the March quarter.Qorvo expects soft demand trends will persist throughout fiscal 2024 in the cellular base station market. However, signs of a rebound in the SSDs and PC market are expected to boost net sales in the power management portfolio. Management is also undertaking various productivity enhancement initiatives across enterprise to boost profitability.How Have Estimates Been Moving Since Then?It turns out, estimates review flatlined during the past month.The consensus estimate has shifted 6.44% due to these changes.VGM ScoresCurrently, Qorvo has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookQorvo has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.Performance of an Industry PlayerQorvo belongs to the Zacks Semiconductors - Radio Frequency industry. Another stock from the same industry, Skyworks Solutions (SWKS), has gained 1.9% over the past month. More than a month has passed since the company reported results for the quarter ended December 2023.Skyworks reported revenues of $1.2 billion in the last reported quarter, representing a year-over-year change of -9.6%. EPS of $1.97 for the same period compares with $2.59 a year ago.Skyworks is expected to post earnings of $1.52 per share for the current quarter, representing a year-over-year change of -24.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.6%.The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Skyworks. Also, the stock has a VGM Score of B.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 reportQorvo, Inc. (QRVO) : Free Stock Analysis ReportSkyworks Solutions, Inc. (SWKS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Qorvo (QRVO) Up 8.3% Since Last Earnings Report: Can It Continue?

https://finance.yahoo.com/news/qorvo-qrvo-8-3-since-163047608.html

2c17ac2e-de26-3310-9607-a3e764cb55ae

SWKS

Let's talk about the popular Skyworks Solutions, Inc. (NASDAQ:SWKS). The company's shares saw a decent share price growth of 13% on the NASDAQGS over the last few months. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s take a look at Skyworks Solutions’s outlook and value based on the most recent financial data to see if the opportunity still exists. Check out our latest analysis for Skyworks Solutions What's The Opportunity In Skyworks Solutions?Good news, investors! Skyworks Solutions is still a bargain right now. Our valuation model shows that the intrinsic value for the stock is $159.96, but it is currently trading at US$106 on the share market, meaning that there is still an opportunity to buy now. However, given that Skyworks Solutions’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.What does the future of Skyworks Solutions look like?earnings-and-revenue-growthInvestors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. Skyworks Solutions' earnings over the next few years are expected to increase by 38%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.What This Means For YouAre you a shareholder? Since SWKS is currently undervalued, it may be a great time to increase your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation.Story continuesAre you a potential investor? If you’ve been keeping an eye on SWKS for a while, now might be the time to make a leap. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy SWKS. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed investment decision.It can be quite valuable to consider what analysts expect for Skyworks Solutions from their most recent forecasts. At Simply Wall St, we have the analysts estimates which you can view by clicking here.If you are no longer interested in Skyworks Solutions, you can use our free platform to see our list of over 50 other stocks with a high growth potential.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.

When Should You Buy Skyworks Solutions, Inc. (NASDAQ:SWKS)?

https://finance.yahoo.com/news/buy-skyworks-solutions-inc-nasdaq-124910403.html

307dc3e1-61f2-3e01-aaa2-5ee8e4e723dd

SYF

STAMFORD, Conn., Feb. 20, 2024 /PRNewswire/ -- Synchrony (NYSE: SYF) Chief Financial Officer, Brian J. Wenzel, will participate in a fireside chat at the UBS Financial Services Conference on Tuesday, February 27, 2024 at 10:30 a.m. (Eastern Time).Synchrony Logo (PRNewsfoto/Synchrony)A live webcast and replay will be made available on the Synchrony Investor Relations website at www.investors.synchrony.com.About SynchronySynchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our "partners."  We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences.  We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com.Contact:Investor Relations         Kathryn Miller                (203) 585-6291Media RelationsLisa Lanspery(203) 585-6143 CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/synchrony-to-participate-in-the-ubs-financial-services-conference-302063224.htmlSOURCE Synchrony Financial

PR Newswire

Synchrony to Participate in the UBS Financial Services Conference

https://finance.yahoo.com/news/synchrony-participate-ubs-financial-services-130000394.html

2a84c4c3-5300-31c7-a2cb-c62d7a56fbb6

SYF

A month has gone by since the last earnings report for Synchrony (SYF). Shares have added about 4.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Synchrony 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.Synchrony Q4 Earnings Beat on Robust Receivables GrowthSynchrony Financial reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.03, which beat the Zacks Consensus Estimate by 7.3%. However, the bottom line declined 18.3% year over year.Net interest income improved 8% year over year to $4,466 million, beating the consensus mark by 0.3%.SYF reported better-than-expected quarterly results benefiting from higher interest earned, thanks to a high-interest rate environment, expanding average loan receivables and elevated benchmark rates. However, increased expenses and provision for credit losses partially offset the upside.Q4 Results in DetailOther income of Synchrony amounted to $71 million, which surged 136.7% year over year in the fourth quarter and beat our estimate by more than one-fold due to higher interchange revenues and protection product revenues.Total loan receivables of SYF grew 11.4% year over year to $103 billion and surpassed our estimate of $102.7 billion in the quarter under review.Total deposits were $81.2 billion, which rose 13.1% year over year. Provision for credit losses increased 50.2% year over year to $1,804 million due to increased net charge-offs.The purchase volume of Synchrony advanced 3% year over year to $49,339 million in the fourth quarter. However, the figure lagged our estimate by 3.9%.Interest and fees on loans of $5,323 million improved 16.3% year over year, which outpaced our estimate by 1.1% on the back of a growing average loan receivables portfolio, increased benchmark rates and lower payment rates. Net interest margin deteriorated 48 basis points (bps) year over year to 15.10%.New accounts of 6.2 million slipped 3% year over year. Average active accounts increased 5% year over year to 71.5 million in the fourth quarter.Total other expenses of SYF amounted to $1,316 million, up 14.3% year over year and surpassing our estimate by 14.2%. The efficiency ratio of 36% deteriorated 120 bps year over year in the quarter under review.Story continuesIndividual Sales Platforms' UpdateHome & Auto period-end loan receivables climbed 6.6% year over year to $31,969 million on the back of lower payment rates. However, the purchase volume of $11,421 million declined 3.7% year over year in the fourth quarter. Interest and fees on loans grew 11% year over year to $1,403 million, beating our estimate of $1,367.9 million on the back of growth in loan receivables and increased benchmark rates.Digital period-end loan receivables of $28,925 million rose 13.3% year over year in the quarter under review on lower payment rates and higher purchase volume. Purchase volume was $15,510 million, up 4.8% year over year on the back of growing average active accounts and better customer engagement. Interest and fees on loans climbed 19.4% year over year to $1,579 million, beating our estimate by 4.8%, driven by growth in loan receivables, higher benchmark rates, maturing newer programs and lower payment rates.Diversified & Value period-end loan receivables grew 11% year over year to $20,666 million in the fourth quarter on higher purchase volume and decreased payment rates. Purchase volume of $16,987 million improved 4.4% year over year, attributable to solid in and out of partner spending. Interest and fees on loans advanced 17.7% year over year to $1,204 million, beating our estimate by 5.3% on higher loan receivables and benchmark rates.Health & Wellness period-end loan receivables of $14,521 million rose 19.2% year over year in the quarter under review on increased promotional purchase volume and reduction in payment rates. Purchase volume climbed 10.4% year over year to $3,870 million on the back of strong active accounts growth, mainly in Dental, Pet and Cosmetic. Interest and fees on loans improved 16.4% year over year to $866 million, which outpaced our estimate of $799.6 million on higher volume and loan receivables.Lifestyle period-end loan receivables advanced 13% year over year to $6,744 million in the fourth quarter on growing purchase volume and reduced payment rates. Purchase volume of $1,550 million grew 3.5% year over year, thanks to higher transaction values in Outdoor and Luxury. Interest and fees on loans climbed 15.4% year over year to $255 million, which lagged our estimate by 8.5%.Financial Position (as of Dec 31, 2023)Synchrony exited the fourth quarter with cash and equivalents of $14,259 million, which increased from $10,294 million at 2022-end.Total assets of $117.5 billion rose from $104.6 billion at 2022-end. Total borrowings advanced to $15,982 million from $14,191 million at the end of 2022.Total equity of $13,903 million increased from $12,873 million at the end of 2022.SYF’s balance sheet was consistently strong in the reported quarter, with total liquidity of $19.8 billion accounting for 16.8% of its total assets.Return on assets of 1.5% deteriorated 70 bps year over year in the fourth quarter, while return on equity contracted 510 bps year over year to 12.4% in the same time frame.Capital DeploymentSynchrony returned capital worth $1.1 billion through share buybacks and paid common stock dividends of $406 million in 2023. It had a leftover share buyback capacity of $600 million at the end of December 2023.Full-Year UpdateIn 2023, Synchrony’s adjusted earnings per share of $5.18 tumbled 15.8% from the 2022 figure. The net interest income of SYF grew 8.8% year over year to $16,999 million. Purchase volume of $185.2 billion improved 2.8% year over year.2024 GuidanceThe company expects loan receivables growth to be around 6-8% for 2024. In 2023, loan receivables registered 11% year-over-year growth. The company anticipates payment rate moderation to continue but stay above the pre-pandemic levels.Net interest income is now anticipated to be around $17.5-18.5 billion, indicating an improvement from the previous year’s figure of $17 billion.Net charge-offs are projected to be around 5.75-6%, which indicates an increase from the 2023 reported figure of 4.87%. The company expects net charge-offs to be at the highest during the first half and then reach pre-pandemic levels for the remainder of 2024.Management expects RSA/Average Loan Receivables to range between 3.5% and 3.75% in 2024, reflecting normalization in credit, high interest expense and portfolio mix being offset by improved purchase volume.Management expects an efficiency ratio in the range of 32.5-33.5% for 2024.How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.VGM ScoresCurrently, Synchrony 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 A on the value side, putting it in the top quintile for this investment strategy.Overall, the stock has an aggregate VGM Score of C. 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, Synchrony has a Zacks Rank #2 (Buy). We expect an above average 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 reportSynchrony Financial (SYF) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Synchrony (SYF) Up 4.5% Since Last Earnings Report: Can It Continue?

https://finance.yahoo.com/news/synchrony-syf-4-5-since-163018746.html

ef3fb274-f796-3dbd-82b0-70732012ba24

SYK

Penumbra, Inc. PEN reported fourth-quarter 2023 adjusted earnings per share (“EPS”) of 76 cents, which beat the Zacks Consensus Estimate by 7%. The company had recorded an adjusted EPS of 16 cents in the year-ago period.GAAP EPS was $1.38 per share compared to 10 cents in the prior-year quarter.For the full year, adjusted earnings were $2.09 per share, compared to the year-ago period’s figure of 16 cents.Revenues in DetailPenumbra registered revenues of $284.7 million in the reported quarter, up 28.7% year over year on a reported basis and 27.9% at a constant exchange rate or CER. The figure missed the Zacks Consensus Estimate by 1%.Total revenues for 2023 were $1.06 billion, reflecting a 25% rise from the year-ago period.Quarter in DetailsThe company reports under two geographical segments — United States and International.In the fourth quarter of 2023, Penumbra made changes to its product revenue categories to provide investors with more meaningful information to understand the performance of its business and strategic direction. The Company will now report its product revenues in the following categories: Thrombectomy and Embolization and Access. The Company is also providing its neuro and vascular product revenue details for the last time.PEN recorded revenues of $203.7 million (71.5% of total revenues) in the United States, up 29.6% on a reported basis as well as at CER year over year.Sales improved 26.4% to $80.9 million in the International segment. Excluding foreign currency impact, the unit’s sales were up 23.5% year over year.The company registered revenues of $190.8 million from sales of Thrombectomy products, up 42.4% reportedly and 41.6% at CER from the prior-year level.Sales of Embolization and Access products totaled $93.9 million, up 7.6% on a reported basis and 6.7% at CER.The company registered revenues of $185.5 million from sales of vascular products, up 43.1% reportedly and 42.7% at CER from the prior-year level. There was 46.4% year-over-year growth in U.S. vascular thrombectomy.Story continuesSales of euro products totaled $99.2 million, up 8.3% on a reported basis and 6.9% at CER.Margin TrendIn the reported quarter, Penumbra’s gross profit improved 35.1% to $186.9 million. Gross margin expanded 311 basis points to 65.7% despite a 17.9% rise in the cost of revenues.Penumbra, Inc. Price, Consensus and EPS Surprise Penumbra, Inc. Price, Consensus and EPS SurprisePenumbra, Inc. price-consensus-eps-surprise-chart | Penumbra, Inc. Quote Selling, general and administrative expenses rose 12.4% to $130 million. Research and development expenses totaled $21.9 million, up 22.1% year over year. Total operating expenses came in at $151.9 million, up 13.7% year over year.Adjusted operating margin of 12.3% marked a 1011-basis point expansion from the prior-year quarter’s figure.Financial UpdatePenumbra exited 2023 with cash and cash equivalents and marketable investments of $167.5 million compared with $69.9 million at 2022-end.2024 GuidanceThe company projects total revenues for 2024 to be in the range of $1.23-$1.27 billion, suggesting year-over-year growth of 16-20% from 2023 levels. It also projects the U.S. thrombectomy franchise to increase 27-30% year over year, primarily driven by its Computer-Assisted Vacuum Thrombectomy (CAVT) products.Our TakePenumbra exited 2023 on a mixed note, with earnings beating estimates and revenues missing the same.The company’s vascular and neuro product categories showed encouraging growth trends.  U.S. thrombectomy was the company’s primary growth driver in the fourth quarter.Its robust estimate for 2023 revenues reflects continued demand for its products. Strong uptake following the launch of Lightning Flash, Lightning Bolt 7 and RED 72 with SENDit technology accelerated top-line growth. Moreover, Penumbra’s ability to improve margins and EPS amid ongoing inflationary pressures and supply-chain headwinds buoy optimism. However, escalating costs remain a concern.Zacks Rank and Stocks to ConsiderCurrently, Penumbra carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader medical space are Stryker Corporation SYK, Cencora, Inc. COR and Cardinal Health CAH.Stryker, carrying a Zacks Rank #2 (Buy), reported a fourth-quarter 2023 adjusted EPS of $3.46, beating the Zacks Consensus Estimate by 5.8%. Revenues of $5.8 billion outpaced the consensus estimate by 3.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Stryker has an estimated earnings growth rate of 11.5% for 2025 compared with the S&P 500’s 9.9%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 5.1%.Cencora, carrying a Zacks Rank #2, reported a first-quarter fiscal 2024 adjusted EPS of $3.28, which beat the Zacks Consensus Estimate by 14.7%. Revenues of $72.3 billion outpaced the Zacks Consensus Estimate by 5.1%.COR has an earnings yield of 5.75% compared with the industry’s 1.85%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 6.7%.Cardinal Health reported second-quarter fiscal 2024 adjusted earnings of $1.82, which beat the Zacks Consensus Estimate by 16.7%. Revenues of $57.45 billion improved 11.6% on a year-over-year basis and also topped the Zacks Consensus Estimate by 1.1%.CAH has a long-term estimated earnings growth rate of 15.3% compared with the industry’s 11.8% growth. The company’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 15.6%.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 reportStryker Corporation (SYK) : Free Stock Analysis ReportCardinal Health, Inc. (CAH) : Free Stock Analysis ReportCencora, Inc. (COR) : Free Stock Analysis ReportPenumbra, Inc. (PEN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Penumbra (PEN) Q4 Earnings Top Estimates, Margins Increase

https://finance.yahoo.com/news/penumbra-pen-q4-earnings-top-164200413.html

b8509a44-d5a5-311e-9259-f9f0d3b739bc

SYK

Edwards Lifesciences Corporation EW is gaining from its commitment to advance its leadership position in surgical structural heart therapies. The SAPIEN 3 Ultra RESILIA platform also continues its strong uptake in the United States.Elevated expenses and foreign exchange headwinds are a concern for EW’s business.In the past year, this Zacks Rank #2 (Buy) stock has gained 13.4% compared with 11.2% rise of the industry and 30.8% growth of the S&P 500 composite.The renowned global medical device company has a market capitalization of $52.75 billion. Edward Lifesciences’ earnings surpassed estimates in two of the trailing four quarters and broke even in two, delivering an average surprise of 0.80%.Let’s delve deeper.UpsidesSurgical Structural Heart, a Promising Business: The business pioneered the innovative RESILIA tissue, which is backed by more than 40 years of the company’s tissue technology leadership. The RESILIA portfolio has been widely adopted because of the excellent durability of its proven tissue technology. The company is firmly optimistic about the future of this technology as it continues to expand the body of RESILIA evidence. In the fourth quarter of 2023, the business benefitted from the strong global adoption of Edwards' premium RESILIA technology and overall procedural volumes. By the end of 2024, Edwards expects to treat half a million patients with the RESILIA-based heart valve.TAVR Holds Potential:  In the past few quarters, TAVR sales have been driven by the strong performance of the Edwards SAPIEN 3 Ultra valve in the United States, Europe and the Rest of the World, the Edwards SAPIEN 3 Ultra RESILIA valve in the United States and the Edwards SAPIEN 3 in Japan. The business closed the fourth quarter of 2023 with strong 12% year-over-year growth, driven by a broad portfolio of innovative therapies.Strong Solvency and Capital Structure: Edwards Lifesciences has a solid balance sheet position. As of the end of the fourth quarter of 2023, cash and cash equivalents (including short-term investments) totaled $1.64 billion, with no near-term debt payable. Long-term debt of $596.8 million remained almost in line with the reported figure at the end of 2022.Story continuesZacks Investment ResearchImage Source: Zacks Investment ResearchDuring the fourth quarter of 2023, the company repurchased 6.0 million shares through an accelerated repurchase agreement and a pre-established 10b5-1 plan. As of Dec 31, 2023, it has approximately $1 billion remaining under the current share repurchase authorization.DownsidesForeign Exchange Headwinds: Foreign exchange is a major headwind for Edwards Lifesciences due to a considerable percentage of its revenues coming from outside the United States (in 2023, 42% of the company’s net sales were derived from international regions). We remain worried about the significant challenges Edward Lifesciences had to face owing to the unfavorable impact of foreign currency that has been affecting the company’s gross margin in the past few quarters.Competitive Landscape: The medical technology industry is highly competitive, with the presence of several competent players. In TAVR, the company’s primary competitors include Medtronic, Abbott Laboratories and Boston Scientific Corporation. Within TMTT, apart from Abbott, there are a considerable number of large and small companies with development efforts in these fields.Estimate TrendThe Zacks Consensus Estimate for Edwards Lifesciences’ 2024 earnings per share (EPS) has moved down from $2.81 to $2.76 in the past 90 days.The Zacks Consensus Estimate for the company’s 2024 revenues is pegged at $6.52 billion. This suggests an 8.5% rise from the year-ago reported number.Key PicksSome better-ranked stocks from the broader medical space are Stryker Corporation SYK, Cencora, Inc. COR and Cardinal Health CAH.Stryker, carrying a Zacks Rank #2, reported a fourth-quarter 2023 adjusted EPS of $3.46, beating the Zacks Consensus Estimate by 5.8%. Revenues of $5.8 billion outpaced the consensus estimate by 3.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Stryker has an estimated earnings growth rate of 11.5% for 2025 compared with the S&P 500’s 9.9%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 5.1%.Cencora, carrying a Zacks Rank #2, reported a first-quarter fiscal 2024 adjusted EPS of $3.28, which beat the Zacks Consensus Estimate by 14.7%. Revenues of $72.3 billion outpaced the Zacks Consensus Estimate by 5.1%.COR has an earnings yield of 5.75% compared with the industry’s 1.85%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 6.7%.Cardinal Health, carrying a Zacks Rank #1, reported second-quarter fiscal 2024 adjusted earnings of $1.82, which beat the Zacks Consensus Estimate by 16.7%. Revenues of $57.45 billion improved 11.6% on a year-over-year basis and also topped the Zacks Consensus Estimate by 1.1%.CAH has a long-term estimated earnings growth rate of 15.3% compared with the industry’s 11.8% growth. The company’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 15.6%.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 reportStryker Corporation (SYK) : Free Stock Analysis ReportCardinal Health, Inc. (CAH) : Free Stock Analysis ReportEdwards Lifesciences Corporation (EW) : Free Stock Analysis ReportCencora, Inc. (COR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's Why You Should Buy Edward Lifesciences (EW) Stock Now

https://finance.yahoo.com/news/heres-why-buy-edward-lifesciences-165400930.html

7a5b7e47-30e8-3dec-84e7-e4dda947b86e

SYY

Dividend stocks can deliver a great combination of long-term gains and short-term safety. Amid bull markets, they will rise with the rest of the equity market even if they don't keep up with their higher-growth counterparts, and even during corrections, they generally continue to generate some returns via their dividends.The two dividend stocks below are worthy of consideration, whether you're looking for long-term appreciation or immediate income.SyscoSysco (NYSE: SYY) is the biggest player in the U.S. foodservice distribution market, with a market share of roughly 17%. It provides food and related products to restaurants, hospitals, schools, hotels, and similar facilities. You've probably seen its trucks on the roads or making deliveries to any number of places that serve food and beverages.Sysco doesn't have a high-growth business model, but it occupies an important part of the supply chain for an industry that's not going away anytime soon. Cyclicality is an issue from time to time, but long-term demand is still impressively stable for these services. As long as Sysco can maintain its competitive position, it should be in a position to generate reliable cash flows.There's some debate about the size of Sysco's economic moat. Its offering is difficult to differentiate from those of its peers, and there's not a ton of room for innovation in the food distribution business. There's not much to gain from intellectual property or any sort of network effect.However, the company's unrivaled scale provides cost savings that it can pass along to customers. This makes it difficult for other distributors to compete with it on a price basis, which creates a sustainable advantage for Sysco. That scale also theoretically allows Sysco to have more diversified sources and deeper relationships with producers, which can be attractive for customers who don't want to deal with uncertainty when it comes to product availability.Story continuesSysco experienced significant disruption during the pandemic, when many of its customers suspended operations or closed their doors permanently. It has rebounded nicely from that downturn, reverting to an overall slow and steady trend higher. Resilience and stability are among the most important features that a dividend stock can boast.SYY Revenue (TTM) ChartSysco is a Dividend King, and investors may have been more focused on growth stocks when the appetite for risk was high. However, sentiment flipped late last year, with buyers driving Sysco's stock price higher and its dividend yield lower.The stock now pays a 2.5% yield, which is still respectable. Its payout ratio is around 50%, which should make shareholders feel confident in its ability to responsibly grow dividends for years to come.Home DepotHome Depot (NYSE: HD) is the leading home-improvement retailer in the U.S., with more than 2,300 stores throughout North America. The company's sales are split fairly evenly among building materials, decor, and hardlines, which includes tools, hardware, and garden goods. Sales to professionals and contractors represent roughly half of the total, with consumer sales making up the rest.It's clear that Home Depot's well-being is closely tied to conditions in the housing market and consumer sentiment. Demand for its products is driven by new construction, people personalizing newly purchased homes, and various high-ticket home-improvement projects. There's a fairly reliable demand base from normal maintenance activities, but everything else is subject to economic cycles.Home Depot has notably struggled due to high inflation, rising interest rates, and economic uncertainty over the past two years. New housing starts and existing home sales have been relatively low. Consumers have been hesitant to spend on big-ticket items. The current challenges are undeniable, but the overall trend is encouraging if you zoom out and look at the long-term view.SYY Dividend Yield ChartFor investors who can tolerate its cyclicality, Home Depot's long-term catalysts are strong. Homeownership rates in the U.S. are among their lowest levels in decades. Low interest rates helped to drive home prices much higher during the COVID-19 pandemic.But the combination of higher borrowing costs and a relatively low supply of homes for sale has kept many people priced out of the market since then. The number of households formed is multiple millions higher than the number of homes built over the past 15 years, so many analysts expect an inevitable surge in activity in homebuying and homebuilding.Even with more difficult economic conditions, Home Depot's payout ratio is still around 50%, so it's not straining to return cash to shareholders. The stock's 2.3% dividend yield provides a respectable base rate of return with an opportunity for appreciation on the back of a long-term housing recovery.Should you invest $1,000 in Sysco right now?Before you buy stock in Sysco, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sysco wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.See the 10 stocks*Stock Advisor returns as of February 20, 2024Ryan Downie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool has a disclosure policy.2 Dividend Stocks to Double Up On Right Now was originally published by The Motley Fool

Motley Fool

2 Dividend Stocks to Double Up On Right Now

https://finance.yahoo.com/news/2-dividend-stocks-double-now-143000660.html

0714c33c-650c-34f4-9c9e-40e1078f9cef

SYY

Sysco CorporationHOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.50 per share, payable on April 26, 2024, to common stockholders of record at the close of business on April 5, 2024.About SyscoSysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 72,000 colleagues, the company operates 334 distribution facilities worldwide and serves approximately 725,000 customer locations. For fiscal year 2023 that ended July 1, 2023, the company generated sales of more than $76 billion. Information about our Sustainability program, including Sysco’s 2023 Sustainability Report and 2023 Diversity, Equity & Inclusion Report, can be found at www.sysco.com.For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoFoods. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.For more information contact:Kevin KimShannon MutschlerInvestor ContactMedia [email protected]@sysco.comT 281-584-1219T 281-584-4059

GlobeNewswire

Sysco Declares Quarterly Dividend Payment

https://finance.yahoo.com/news/sysco-declares-quarterly-dividend-payment-213000776.html

7702a6c2-f21b-3b79-b6af-d6b1a2a52726

SYY

Key InsightsThe projected fair value for Sysco is US$138 based on 2 Stage Free Cash Flow to EquityCurrent share price of US$79.58 suggests Sysco is potentially 42% undervalued The US$87.01 analyst price target for SYY is 37% less than our estimate of fair valueHow far off is Sysco Corporation (NYSE:SYY) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. View our latest analysis for Sysco What's The Estimated Valuation?We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:Story continues10-year free cash flow (FCF) forecast2024202520262027202820292030203120322033 Levered FCF ($, Millions) US$1.67bUS$2.54bUS$2.63bUS$3.06bUS$3.07bUS$3.09bUS$3.13bUS$3.18bUS$3.24bUS$3.30bGrowth Rate Estimate SourceAnalyst x5Analyst x5Analyst x3Analyst x1Analyst x1Est @ 0.80%Est @ 1.24%Est @ 1.56%Est @ 1.78%Est @ 1.93% Present Value ($, Millions) Discounted @ 6.2% US$1.6kUS$2.3kUS$2.2kUS$2.4kUS$2.3kUS$2.2kUS$2.1kUS$2.0kUS$1.9kUS$1.8k("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$21bAfter 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 (2.3%) 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 6.2%.Terminal Value (TV)= FCF2033 × (1 + g) ÷ (r – g) = US$3.3b× (1 + 2.3%) ÷ (6.2%– 2.3%) = US$87bPresent Value of Terminal Value (PVTV)= TV / (1 + r)10= US$87b÷ ( 1 + 6.2%)10= US$48bThe total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$69b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of US$79.6, the company appears quite undervalued at a 42% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.dcfImportant AssumptionsWe would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the 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 Sysco 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 6.2%, which is based on a levered beta of 0.840. 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 SyscoStrengthEarnings growth over the past year exceeded the industry.Debt is well covered by earnings and cashflows.Dividends are covered by earnings and cash flows.WeaknessDividend is low compared to the top 25% of dividend payers in the Consumer Retailing market.OpportunityAnnual earnings are forecast to grow for the next 3 years.Good value based on P/E ratio and estimated fair value.ThreatAnnual earnings are forecast to grow slower than the American market.Moving On:Whilst important, the DCF calculation ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. 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. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. What is the reason for the share price sitting below the intrinsic value? For Sysco, we've compiled three important aspects you should look at:Risks: Be aware that Sysco is showing 1 warning sign in our investment analysis , you should know about...Future Earnings: How does SYY's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.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.

Is There An Opportunity With Sysco Corporation's (NYSE:SYY) 42% Undervaluation?

https://finance.yahoo.com/news/opportunity-sysco-corporations-nyse-syy-110024558.html

aab9346c-c717-383f-b8d0-c7e4f466c2f5

SYY

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. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away.Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like Sysco (NYSE:SYY). While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing. View our latest analysis for Sysco How Fast Is Sysco Growing Its Earnings Per Share?Sysco has undergone a massive growth in earnings per share over the last three years. So much so that this three year growth rate wouldn't be a fair assessment of the company's future. Thus, it makes sense to focus on more recent growth rates, instead. To the delight of shareholders, Sysco's EPS soared from US$2.79 to US$4.18, over the last year. That's a commendable gain of 50%.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. EBIT margins for Sysco remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 5.4% to US$78b. That's encouraging news for the company!In the chart below, you can see how the company has grown earnings and revenue, over time. To see the actual numbers, click on the chart.earnings-and-revenue-historyIn investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of Sysco's forecast profits?Story continuesAre Sysco Insiders Aligned With All Shareholders?We would not expect to see insiders owning a large percentage of a US$40b company like Sysco. But we do take comfort from the fact that they are investors in the company. Holding US$66m worth of stock in the company is no laughing matter and insiders will be committed in delivering the best outcomes for shareholders. This should keep them focused on creating long term value for shareholders.Does Sysco Deserve A Spot On Your Watchlist?You can't deny that Sysco has grown its earnings per share at a very impressive rate. That's attractive. Further, the high level of insider ownership is impressive and suggests that the management appreciates the EPS growth and has faith in Sysco's continuing strength. On the balance of its merits, solid EPS growth and company insiders who are aligned with the shareholders would indicate a business that is worthy of further research. It is worth noting though that we have found 1 warning sign for Sysco that you need to take into consideration.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 tailored list of companies which have demonstrated growth backed by recent insider purchases.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.

Here's Why We Think Sysco (NYSE:SYY) Is Well Worth Watching

https://finance.yahoo.com/news/heres-why-think-sysco-nyse-110016022.html

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T

AT&T (T) will offer a $5 credit to customers who were impacted by a widespread outage across the US last week. In a letter to AT&T employees, CEO John Stankey claimed the $5 credit is the cost of "essentially a full day of service."Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest development for AT&T and what it could mean for the company moving forward.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.Editor's note: This article was written by Nicholas JacobinoVideo TranscriptBRAD SMITH: All right, guys. And AT&T is looking to get back in the good graces of its customers offering a $5 credit to those impacted by last Thursday's outage which cut off connection for users for about seven hours across the United States. There you're taking a look at shares. They're down by about 1% here on the day, perhaps investors just pricing in what this potentially means for the balance sheet.But, at the end of the day, I think for AT&T reviewing what took place, and now there are going to be more reviews both at a regulatory level. As you hear some of the senators, they sounded off even last week in the immediate wake of this as well. So more interesting perhaps to see what some of those findings reveal.SEANA SMITH: Yeah, the $5 for outage, obviously, they're trying to cut down on the backlash that we saw all over social media that we saw really across the landscape last week following that outage. They were, though, relatively quick to act in terms of addressing this issue within seven to eight hours, I believe.Now, for what it means to the investor, and why we're seeing it under just a bit of pressure here today, some of that having to do with the fact that it's not exactly immediately clear how much these credits are going to amount in terms of lost revenue. We had talked to a couple of guests last week here on the program who said that, hey, it doesn't mean too much in terms of the longer term 2024 results.But in terms of the specific quarter here that is playing out right now, it could have a bit of an impact. So exactly how material that is going to be is critical here for investors. But again, you're seeing some pressure, though, across the board which is also important to point out. You've got AT&T off just about 1%, but Verizon actually laggard within the space off just over 2% today.

Yahoo Finance Video

AT&T offers $5 credit to customers impacted by outage

https://finance.yahoo.com/video/t-offers-5-credit-customers-160012294.html

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T

Image source: Getty ImagesWe're in an age where we rely on our cellphones to communicate, work, and pretty much function. So when a major network goes down for the better part of the day, it's apt to wreak havoc.That's exactly what happened on Feb. 22. AT&T customers were forced to go without service during a nearly 12-hour outage -- many users were unable to make calls, send or receive text messages, and use the internet.Alert: highest cash back card we’ve seen now has 0% intro APR for 15 months. Learn more here.It was an aggravating experience for many people for sure. But for some, there were financial repercussions.These days, many people who are self-employed or own small businesses use their cellphones for voice communication rather than pay for a landline. It's conceivable that people in that boat -- as well as people who couldn't access the internet on their phones -- lost money during that extended communication outage.More: Our picks for the best credit cardsNow, AT&T is taking steps to make its customers whole by offering a credit to those affected on Feb. 22. But the credit is pretty small, and it's not available to everyone.Does a $5 payday make up for 12 hours of frustration?AT&T has announced that it will be issuing eligible customers a $5 credit as an apology of sorts for the massive outage that occurred last week. And if you're thinking, "Hmm, that's not a whole lot of money," well, you'd be right.It's conceivable that some people lost hundreds of dollars in income that day due to a lack of cell coverage and internet access. So while $5 to put into a savings account is better than nothing, it may not be nearly enough to make certain customers whole.It's also worth noting that AT&T will not be issuing a $5 credit to customers who are signed up for its Business or Prepaid plans. Customers with Cricket Wireless accounts, which AT&T acquired in 2014, also won't get the credit.Story continuesWhat to do the next time your cell or internet service goes outAT&T's broad 12-hour outage was fairly unusual in terms of its scope and length. Though cellphone and home internet outages are pretty common, what made this recent one unique was the number of customers impacted and the number of hours it took until the situation was resolved.Unfortunately, as a customer, you can't predict when an outage will occur. But if your wireless carrier or internet provider lets you down, and it affects your income, speak up.First, don't assume that your carrier knows about the issue at hand. When your service goes out, report it at once.Next, document the amount of time your service is out. Then, once it's restored, call and request compensation.Of course, you're not necessarily going to get compensated for lost income on a dollar-for-dollar basis. Let's say you're a sales representative who normally earns $200 in commissions per day. If your cell service is out for eight hours and it costs you $200, don't expect your carrier to send you a $200 check.However, in that situation, it may be willing to cough up much more than a $5 credit. You may, for example, not have to pay for cell service that entire month. Or it might issue you a $50 credit, which is better than nothing.It's OK to complainIt's not always so great to be that person who needs to speak to the manager every single time there's a snag with a service you receive. But you shouldn't hesitate to complain when your cell or internet service goes down for an unusual period of time.This doesn't mean you should be on the phone to your provider every time there's a 10-minute interruption. But for an hours-long outage, definitely speak up.That holds true for AT&T customers as well. Although the company has announced plans to issue $5 credits for those impacted by last week's events, you never know if you might be able to negotiate a better payout. So it's worth making that call -- that is, if your cell service is functional enough to allow you to.Our picks for 2024's best credit cardsOur experts carefully review the most popular offers and select those that are worthy of a spot in your wallet. These standout cards come with fantastic benefits like sign-up bonuses worth $200 or more, 0% intro APR for up to 21 months, and cash back rates up to 5%.Click here to see our top credit cardsWe're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.AT&T Will Reimburse Customers for Massive Feb. 22 Outage was originally published by The Motley Fool

Motley Fool

AT&T Will Reimburse Customers for Massive Feb. 22 Outage

https://finance.yahoo.com/news/t-reimburse-customers-massive-feb-203013493.html

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VZ stock provides a dividend but a buyback has been shelved amid 5G wireless investments. When will revenue growth reaccelerate?Continue reading

Investor's Business Daily

Is Verizon A Buy As 5G Network Build-Out Gains Momentum?

https://finance.yahoo.com/m/9b7849cf-478e-3904-b086-603d9c85ff16/is-verizon-a-buy-as-5g.html

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In this article, we will look at the 16 worst jobs in the US in 2024. We have also discussed the importance of job satisfaction. If you want to skip our detailed analysis, head straight to the 5 Worst Jobs in the US in 2024. Jobs play a fundamental role in human existence globally, influencing us in countless ways. They provide financial stability, enabling us to meet our basic needs and pursue aspirations. Beyond economic benefits, jobs offer a sense of purpose, fostering mental stimulation, personal growth, and skill development. They contribute to social status, confidence, and independence, shaping our identities and relationships. Owing to their importance in our lives, jobs must be healthy and positive for our well-being. The Conference Board's Job Satisfaction 2023 report revealed a huge uptick in American workers' contentment. In 2022, job satisfaction reached 62.3%, a notable increase from 60.2% in 2021 and the highest level since the survey's inception in 1987. These gains reflect a trend of steady improvement over the past decade, despite a temporary dip during the Great Recession. The increase in satisfaction is attributed to a tight labor market and improved workplace flexibility, with factors such as work-life balance and workload management showing the most substantial improvements.The report highlighted the importance of non-compensation factors in driving job satisfaction, with aspects like organizational culture and work experience being crucial retention elements. Notably, workers who switched jobs during the pandemic reported higher satisfaction levels across various job aspects, highlighting the value of workplace mobility. As the labor market remains competitive, employers are urged to prioritize factors beyond monetary compensation, such as offering flexible work arrangements and fostering a positive work environment, to enhance employee retention and overall satisfaction.On the other hand, another report suggests that laughing at one’s boss's jokes might seem harmless, but a recent study reveals its detrimental effects. Conducted by academics from three prestigious universities, the research indicates that bosses who excessively use humor can diminish employee wellbeing. This study, published in the Academy of Management Journal, underscores the impact of "surface acting," where employees feign positive reactions to their bosses' jokes. Such behavior leads to emotional exhaustion and reduced job satisfaction. Interestingly, the study incorporates various methodologies, including field and laboratory experiments, to substantiate its findings.Story continuesThe findings suggest that leaders should exercise caution in their use of humor. While humor can lighten the workplace atmosphere, overuse may exacerbate negative outcomes. Leaders should aim for quality over quantity in their attempts at humour to foster a positive work environment.Speaking of employee wellbeing, the 2023 Work in America Survey has shed light on a pertinent shift in workplace culture towards prioritizing mental health and well-being. With 92% of workers emphasizing the importance of organizations valuing their emotional and psychological welfare, the importance of supportive workplace environments cannot be overstated. Fortunately, 77% of respondents express satisfaction with the mental health support provided by their employers. However, areas for improvement persist, as evidenced by 55% of workers believing their workplaces are mentally healthier than they truly are, and 43% fearing negative repercussions if they disclose mental health conditions.Toxic workplaces remain a prevalent concern, with 19% of respondents describing their workplace as toxic. This phenomenon disproportionately affects client-facing roles and in-person workers, with 26% of service providers experiencing toxicity. Verbal abuse also plagues many, with 24% reporting instances within the past year, particularly prevalent among customer service roles. Uber Inc (NYSE:UBER) and AT&T Inc (NYSE:T) are two of the companies with the highest job satisfaction levels. Let’s look at their latest financial performances and predictions. Uber Inc (NYSE:UBER)’s Q4 2023 results reveal major growth and profitability, marking a turning point for the company. Trips and monthly active platform consumers increased by 24% and 15% year-over-year respectively, with Gross Bookings reaching $37.6 billion, a 22% increase year-over-year. Operating cash flow reached $823 million, while free cash flow hit $768 million, highlighting robust financial health. Net income increased to $1.4 billion, driven by disciplined investment and platform advantages.Looking ahead to Q1 2024, Uber Inc (NYSE:UBER) anticipates Gross Bookings between $37.0 billion to $38.5 billion and Adjusted EBITDA of $1.26 billion to $1.34 billion. These projections confirm confidence in sustained growth momentum. With an impressive increase in engagement and revenue, coupled with prudent capital allocation plans, Uber Inc (NYSE:UBER)  is set for continued success. On the other hand, in 2024, AT&T Inc (NYSE:T) anticipates a steady trajectory across different fronts. Wireless service revenue is projected to experience a moderate yet notable growth in the 3% range, indicative of sustained market demand and effective strategies. Moreover, the broadband sector is set for a strong expansion, with revenue expected to increase by over 7%, reflecting the increasing reliance on high-speed internet services in both residential and business spheres. These revenue gains are paralleled by adjusted EBITDA growth also hovering around 3%, underlining AT&T Inc (NYSE:T)’s operational efficiency and strategic direction.Capital investment is earmarked to be substantial, ranging between $21-$22 billion, affirming AT&T Inc (NYSE:T)’s commitment to infrastructure development and technological development. Simultaneously, AT&T Inc (NYSE:T) also forecasts a healthy free cash flow ranging from $17-$18 billion. Despite certain expected adjustments impacting earnings per share (EPS), including higher depreciation expenses and lower income from various sources, AT&T Inc (NYSE:T) remains optimistic about its performance.16 Worst Jobs in the US in 2024Photo by Jon Tyson on UnsplashOur MethodologyTo list the worst jobs in the US in 2024, we identified jobs with 3 main characteristics. Firstly, we looked at jobs which required extensive and physical labor which may also prove to be life-threatening. Secondly, we identified jobs that are highly underpaid throughout the world. Lastly, we looked at jobs that offered little to no skill development, making it humanly difficult to mentally grow in such an environment. Based on the consensus on the presence of these features, we scored each job out of a total score of 30. We utilized Reddit threads as our primary source to gauge the consensus. The list is presented in ascending orderBy the way, Insider Monkey is an investing website that uses a consensus approach to identify the best stock picks of more than 900 hedge funds investing in US stocks. The website tracks the movement of corporate insiders and hedge funds. Our top 10 consensus stock picks of hedge funds outperformed the S&P 500 stock index by more than 140 percentage points over the last 10 years (see the details here). So, if you are looking for the best stock picks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.16. Coal MinerIM Score: 12Coal mining is considered one of the worst jobs in the world due to its inherently dangerous nature and detrimental health effects. Miners face the constant threat of cave-ins, explosions, and toxic gas exposure. The strenuous physical labor in confined, dark, and often poorly ventilated spaces takes a toll on miners' bodies. The average Coal Miner in the US makes $51,178.15. JanitorIM Score: 14Historically associated with lower socio-economic status, it involves physically taxing tasks like cleaning and lifting, leading to dissatisfaction. The monotony of repetitive duties adds to this sentiment, compounded by often meager wages. Janitors had a median salary of $31,990 per year in the US in 2022. It is one of the most disliked jobs in the world.14. FishermanIM Score: 15Fishing and hunting workers, with no formal education requirements, undergo moderate-term on-the-job training. In 2022, there were 27,300 such jobs. However, the job outlook from 2022 to 2032 remains stagnant, with no anticipated change in employment opportunities. In fact, a decline of 100 jobs is expected during this period, indicating limited growth prospects in the field.The median annual wage for fishing and hunting workers was $28,530 in May 2017.13. Roofing LaborerIM Score: 17Roofers earn a median annual pay of $47,920 with no formal education required but moderate on-the-job training. The job outlook from 2022 to 2032 indicates a 2% growth rate, with an addition of 3,100 jobs by 2032, totaling 154,500 positions. However, roofing is often considered one of the worst jobs owing to its physical demands, exposure to harsh weather conditions, and safety risks associated with working at heights. It is one of the most difficult jobs in the world.12. Security GuardIM Score: 18The job of a security guard involves long hours of monotonous tasks, low pay, high stress levels, and exposure to potentially dangerous situations. Guards may face risks to their physical and mental well-being without adequate support or training. Moreover, the job can lack career advancement opportunities and may not provide satisfactory benefits. The repetitive nature of the work can lead to boredom and burnout, impacting overall job satisfaction. It is also one of the laziest jobs in the world. 11. HousekeeperIM Score: 19The job of a housekeeper can be mentally taxing due to repetitive tasks and lack of intellectual stimulation. Cleaning, organizing, and maintaining spaces may lead to feelings of monotony and unfulfillment. Additionally, the role often involves working alone, which can contribute to social isolation and a sense of disconnect.The average salary for a housekeeper is $15.04 per hour in United States.10. Garbage CollectorIM Score: 21Collecting waste involves exposure to odors, toxins, and hazardous materials, posing health risks. Moreover, the repetitive nature of the job can lead to monotony and boredom. The role is also undervalued in society, leading to a lack of respect and appreciation for the important service it provides. In 2022, the refuse and recyclable material collectors earned an annual salary of $45,560 in the US. It is one of the top 10 worst jobs in the US in 2024.9. LoggerIM Score: 22The physical demands of the job can lead to fatigue and injuries, including strains and sprains. Long hours and seasonal work patterns also contribute to the job's difficulty, impacting work-life balance. It is one of the dirtiest jobs in the US.8. PaparazziIM Score: 23Paparazzi face criticism for invasion of privacy, relentless pursuit of celebrities, and often unethical tactics to obtain photos or stories. Their job thrives on exploiting personal moments, fueling gossip and sensationalism. This relentless pursuit infringes upon individuals' right to privacy, causing distress and discomfort. It is also one of the least respected professions in America. 7. Parking Lot AttendantIM Score: 24This job involves long hours spent outdoors in all weather conditions, dealing with irate customers, and repetitive tasks like collecting fees and directing traffic. The pay is usually low, with minimal opportunities for advancement or skill development. The estimated total pay for a Parking Lot Attendant is $37,076 per year in the United States. It is one of the top ten worst jobs in the US in 2024.6. TelemarketerIM Score: 25The popularity of this job has been reducing as advancements in technology have empowered consumers to screen calls effectively through caller ID and call-blocking apps, reducing the efficacy of traditional telemarketing methods. Additionally, regulatory measures such as "Do Not Call" lists and stricter privacy laws limit the ability of telemarketers to reach potential customers. Moreover, shifts in consumer behaviour towards online shopping and digital advertising have diverted marketing efforts away from cold calling.  It is also one of the jobs that may not exist in 20 years.Click here to see the 5 Worst Jobs in the US in 2024.Suggested Articles:15 Highest Paying Jobs with a Psychology Degree12 Best Remote Jobs That Pay at Least $50 an Hour16 Remote Jobs That Pay at Least $40 Per HourDisclosure: None. 16 Worst Jobs in the US in 2024 is originally published on Insider Monkey.

Insider Monkey

16 Worst Jobs in the US in 2024

https://finance.yahoo.com/news/16-worst-jobs-us-2024-171624894.html

545cd404-3503-3aaf-9732-2362465de8f6

TAP

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.Molson Coors (TAP) is a stock many investors are watching right now. TAP is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 10.99, which compares to its industry's average of 18.67. TAP's Forward P/E has been as high as 15.57 and as low as 10.82, with a median of 12.40, all within the past year.TAP is also sporting a PEG ratio of 2.17. 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. TAP's PEG compares to its industry's average PEG of 3.19. Within the past year, TAP's PEG has been as high as 4.01 and as low as 1.05, with a median of 1.75.Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. TAP has a P/S ratio of 0.97. This compares to its industry's average P/S of 1.78.Story continuesThese are just a handful of the figures considered in Molson Coors's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that TAP is an impressive value stock right now.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 reportMolson Coors Beverage Company (TAP) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Should Value Investors Buy Molson Coors (TAP) Stock?

https://finance.yahoo.com/news/value-investors-buy-molson-coors-144015671.html

5fcb07f3-bb15-30ff-99c9-ae3df25b7e77

TAP

Fomento Economico Mexicano S.A.B. de C.V. FMX, alias FEMSA, reported fourth-quarter 2023 net majority earnings per ADS of 64 cents (Ps. 0.91 per FEMSA unit). The company posted adjusted net majority earnings per ADS of $1.07, missing the Zacks Consensus Estimate of $1.41.Net consolidated income was Ps. 6,337 million (US$375 million), reflecting a 20.7% decrease from the year-ago quarter.Total revenues were $11,232 million (Ps. 189,825 million), which improved 4.6% year over year in the local currency. Revenues in U.S. dollars beat the Zacks Consensus Estimate of $11,215 million. Revenue growth was driven by gains across FMX’s business units. On an organic basis, total revenues rose 4.3%.Shares of the Zacks Rank #1 (Strong Buy) company have advanced 28% in the past year compared with the industry’s growth of 6%. Zacks Investment ResearchImage Source: Zacks Investment Research FEMSA’s gross profit rose 8.5% year over year to Ps. 77,915 million (US$4,610.4 million). The consolidated gross margin expanded 140 basis points (bps) to 41%, owing to the gross margin expansion at Proximity Americas, Fuel and Coca-Cola FEMSA. Growth was partly negated by margin declines in Health and Proximity Europe.The company’s gross margin expanded 120 bps at Proximity Americas, 20 bps at Fuel and 190 bps at the Coca-Cola FEMSA segments. However, the gross margin contracted 110 and 200 bps in the Health and Proximity Europe segments, respectively.FEMSA’s operating income (income from operations) was down 1.4% year over year to Ps. 17,532 million (US$1,037.4 million). On an organic basis, operating income dipped 0.7%. The consolidated operating margin contracted 60 bps to 9.2%, driven by margin contractions at the Coca-Cola FEMSA, Proximity Americas and Health divisions. The gains were partly offset by margin expansions at the Fuel and Proximity Europe division.Fomento Economico Mexicano S.A.B. de C.V. Price, Consensus and EPS Surprise Fomento Economico Mexicano S.A.B. de C.V. Price, Consensus and EPS SurpriseFomento Economico Mexicano S.A.B. de C.V. price-consensus-eps-surprise-chart | Fomento Economico Mexicano S.A.B. de C.V. QuoteStory continuesSegmental DiscussionProximity Americas: Total revenues for the segment rose 14.2% year over year to Ps. 71,530 million (US$4,232.6 million). The increase can primarily be attributed to an 8.5% rise in same-store sales on 2.1% growth in store traffic and a 6.3% rise in average ticket. The gains mainly stemmed from robust growth across the OXXO categories due to the rising demand for thirst and gathering occasions, such as beer, snacks and other beverages.The Proximity Americas division had 22,866 OXXO stores as of Dec 31, 2023. Operating income improved 1% year over year. The operating margin for the segment declined 150 bps to 11.2% due to higher operating expenses.Proximity Europe: Total revenues for the segment grew 16.4% to Ps. 11,415 million (US$675.5 million). The segment has been benefiting from favorable pricing actions and growth of Valora’s foodservice sales. The Proximity Europe division had 2,808 points of sale as of Dec 31, 2023. Operating income for the segment was up 78.9% year over year, on solid gains from the food products and foodservice category. The operating margin for the segment expanded 180 bps to 5.2%.Health Division: The segment reported total revenues of Ps. 19,254 million (US$1,139.3 million), up 2.6% year over year. Revenues benefited from favorable sales trends across most regions, offset by the challenging competitive environment in Mexico and negative currency translations.Backed by these trends, same-store sales rose 5.1% in the quarter. On a currency-neutral basis, total revenues increased 9%, whereas same-store sales increased 3.1%. The segment had 4,474 locations across all regions as of Dec 31, 2023. The operating income declined 43.5% year over year, while the operating margin contracted 240 bps to 3%.Fuel Division: Total revenues rose 9% to Ps. 15,121 million (US$894.7 million). Average same-station sales improved 4.8%, driven by a 2.1% increase in the average volume and 2.6% growth in the average price per liter. Results also gained from volume growth in its institutional and wholesale customer network. The company had 571 OXXO GAS service stations as of Dec 31, 2023. Operating income rose 13.5% and the operating margin expanded 20 bps to 4.6%.Coca-Cola FEMSA: Total revenues for the segment advanced 8.1% year over year to Ps. 66,190 million (US$3,916.6 million). KOF’s consolidated operating income increased 7.4%. The segment’s operating margin contracted 10 bps to 14.6%.Financial PositionFEMSA had cash and cash equivalents of Ps. 165,112 million (US$9,770.1 million) as of Dec 31, 2023. The company’s long-term debt was Ps. 125,417 million (US$7,421.2 million). It incurred a capital expenditure of Ps. 15,679 million (US$927.8 million) in 2023, reflecting higher investments in most businesses.Other Top-Ranked Stocks to ConsiderMolson Coors TAP, a leading beverage company, currently flaunts a Zacks Rank #1. TAP has a trailing four-quarter earnings surprise of 37.2%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Molson Coors’ current fiscal-year sales and earnings suggests growth of 1.3% and 4.2%, respectively, from the year-ago reported numbers.Lamb Weston LW, which offers frozen potato products, has a Zacks Rank #2 (Buy) at present. LW delivered an earnings surprise of 28.8% in the last reported quarter.The Zacks Consensus Estimate for Lamb Weston’s current financial-year sales and earnings suggests growth of 28.3% and 26.9%, respectively, from the year-ago reported numbers.Mondelez International MDLZ, one of the leading global snacks companies, currently carries a Zacks Rank #2. MDLZ has a trailing four-quarter earnings surprise of 8.6%, on average.The Zacks Consensus Estimate for Mondelez’s current fiscal-year sales and earnings suggests growth of 3% and 10.3%, respectively, from the year-ago reported figure.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 reportFomento Economico Mexicano S.A.B. de C.V. (FMX) : Free Stock Analysis ReportMolson Coors Beverage Company (TAP) : Free Stock Analysis ReportMondelez International, Inc. (MDLZ) : Free Stock Analysis ReportLamb Weston (LW) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

FEMSA (FMX) Q4 Earnings Miss Estimates, Revenues Surpass

https://finance.yahoo.com/news/femsa-fmx-q4-earnings-miss-171800805.html

d6587a2d-c578-313b-871f-35bbeeb3ffff

TAP

Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.Should You Buy #1 (Strong Buy)-Ranked Molson Coors Brewing (TAP) for Your Portfolio?Molson Coors Brewing was upgraded to the Zacks Rank #1 list on February 17, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.Molson Coors Beverage Company, previously known as Molson Coors Brewing Company, was formed by the merger of Molson Inc. and Adolph Coors Co. in February 2005. The global manufacturer and seller of beer and other beverage products has an impressive diverse portfolio of owned and partner brands. These brands include global priority brands such as Blue Moon, Miller Lite, CoorsBanquet, Coors Light, Miller Genuine Draft and Staropramen; as well as regional champion brands like Carling, Molson Canadian. The company also boasts some other major country-specific brands, along with craft and specialty beers, namely, Creemore Springs, Henry's Hard, Cobra, Doom Bar and Leinenkugel's.For fiscal 2024, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.25 to $5.66 per share. TAP boasts an average earnings surprise of 37.2%.Earnings are forecasted to see growth of 4.2% for the current fiscal year, and sales are expected to increase 1.3%.Additionally, TAP has climbed higher over the past four weeks, gaining 5.1%. The S&P 500 is up 3.2% in comparison.Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Molson Coors Brewing could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.Story continuesWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportMolson Coors Beverage Company (TAP) : Free Stock Analysis ReportZacks Investment Research

Zacks

Looking for Consumer Staples Stocks? The Zacks Rank Can Help You Find Winners

https://finance.yahoo.com/news/looking-consumer-staples-stocks-zacks-144004899.html

9cd13c50-a8dd-3e80-8d97-c2e40aa61004

TAP

(0:30) - Finding Value Stocks Amid A Stock Market Rally(9:15) - Tracey’s Top Stock Picks: Creating A Strong Watchlist(27:40) - Episode Roundup: AEO, AMWD, SUN, TAP, QSR [email protected] Welcome to Episode #361 of the Value Investor Podcast.Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.With stocks still in the midst of a massive rally in 2024, it’s time to take a look at where the value stocks are.During rallies, it can sometimes feel like there aren’t really any true value stocks anymore. Recently, Warren Buffett wrote in Berkshire Hathaway’s shareholder letter that he can’t find any companies to invest in, globally.But mom and pop value investors aren’t limited to only the mega caps as a big investor like Berkshire might be. Perhaps there is more value in the small and mid-caps?Screening for Strong Buy Value StocksIt’s easy to screen for cheap stocks. A basic value screen looks for a forward price-to-earnings ratio under 20 and a price-to-sales ratio of 1.0 or less.A price-to-sales ratio under 1.0 usually indicates value as investors are buying the sales at a discount. A price-to-sales ratio of 0.7, for example, means you are getting $1.00 of sales for just $0.70.But that will only find you the cheap stocks. It won’t find you the companies with strong earnings outlooks.How the Zacks Rank Gives You an EdgeThat’s where the Zacks Rank comes in. It’s a vital component to finding top value stocks.Fourth quarter earnings season is winding down but that means there has been a lot of changes to the earnings estimates. That means there are a lot of changes to the Zacks Rank.Value investors should screen for the top Zacks Rank, the #1 (Strong Buys), in order to find companies that have rising earnings estimates.Remember, when analysts are raising earnings estimates, it means something good is usually going on. The company might have beat earnings and raised the next quarterly, or full year, guidance. Or maybe growth is stronger and the analysts were being too cautious.Story continuesEither way, it’s a powerful tool to separate the simply “cheap” stocks from those that are cheap AND have strong earnings fundamentals.Top Strong Buy Value Stocks in 20241.       American Eagle Outfitters, Inc. (AEO)American Eagle is a specialty apparel and accessories retailer which owns American Eagle and Aerie brands. It serves customers in 80 countries.American Eagle recently reported fiscal fourth quarter 2024 earnings and beat on the Zacks Consensus by $0.11. Earnings were $0.61 compared to the Zacks Consensus of $0.50.American Eagle was a Zacks (Strong Buy) stock going into its Mar 7, 2024 earnings report and it remains one afterwards. Shares have rallied 68% in the last year, but American Eagle remains cheap with a forward P/E of 14.8.Should value investors have American Eagle on their short list?2.       American Woodmark Corp. (AMWD)American Woodmark is a small cap company which builds cabinets. It’s tag line is “a family of cabinet brands.” It has a market cap of just $1.5 billion.American Woodmark beat big on its last earnings report and analysts expect fiscal 2024 earnings to be up 14.4% year-over-year. It remains a Zacks Rank #1 (Strong Buy).Shares have rallied along with the housing stocks in the last year. It’s up 62% during that time. American Woodmark is still cheap, with a forward P/E of just 11.Is there still a buying opportunity in American Woodmark? 3.       Sunoco LP (SUN)Sunoco is a master limited partnership and a wholesale fuel distributor to convenience stores, independent dealers, and distributors in 40 states and 10,000 locations. It’s a mid-cap with a market cap of $5.3 billion.Sunoco shares are up 40% over the last year, but the stock remains cheap with a forward P/E of 14.3. It also pays a juicy dividend, yielding 5.4%.Should value investors consider an MLP like Sunoco in 2024?4.       Molson Coors Beverage Co. (TAP)Molson Coors is a large cap beverage company with a market cap of $13.6 billion. Molson Coors was a Zacks #1 (Strong Buy) when Tracey did this podcast, but has since fallen to a #2 (Buy) stock. The earnings estimates still look strong with 8 estimates revised higher for 2024 in the last 30 days, and none have been cut.Shares of Molson Coors have risen 21% in the last year. It’s cheap with a forward P/E of just 11.Should Molson Coors be on a value investors’ short list?5.       Restaurant Brands International (QSR)Tracey ran into a snafu with her fifth pick from the screen as it was Carrols Restaurant Group, which she discovered is about to be acquired by Restaurant Brands International.Restaurant Brands International owns Tim Horton Canada and Burger King US. It is acquiring Carrols Restaurant Group in 2024, the largest Burger King franchisee with 1,000 restaurants in 23 states, which also owns 60 Popeye restaurants in 6 states.Restaurant Brands shares are up 26% in the last year and are trading near 1-year highs.However, while Carrols was cheap with a forward P/E of 14.8, Restaurant Brands International is not. It trades with a forward P/E of 23.3.It’s also currently a Zacks Rank #3 (Hold) stock. 3 earnings estimates have been revised higher, and 3 have been cut, in the last 30 days. The analysts are not in agreement on Restaurant Brands.Value investors should be sure they’re doing their research on any stock. The Zacks Rank doesn’t tell you the entire story.What Else Do You Need to Know About Strong Buy Value Stocks?  Tune into this week’s podcast to find out. 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 reportAmerican Eagle Outfitters, Inc. (AEO) : Free Stock Analysis ReportSunoco LP (SUN) : Free Stock Analysis ReportMolson Coors Beverage Company (TAP) : Free Stock Analysis ReportAmerican Woodmark Corporation (AMWD) : Free Stock Analysis ReportRestaurant Brands International Inc. (QSR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

How to Screen for Strong Buy Value Stocks in 2024

https://finance.yahoo.com/news/screen-strong-buy-value-stocks-211100531.html

bd121477-97c6-3b1c-87fa-8fe551a54efc

TDG

TransDigm's robust revenue growth and strong market positioning underscore its competitive edge.Recent acquisitions and product line expansions present significant opportunities for the company.High levels of debt and potential regulatory challenges pose threats to financial stability.TransDigm's strategic focus on proprietary aerospace components with aftermarket demand drives its success.Warning! GuruFocus has detected 7 Warning Sign with DOV.On February 8, 2024, TransDigm Group Inc (NYSE:TDG), a leading manufacturer and servicer of aerospace components, released its 10-Q filing, revealing a comprehensive financial performance and strategic positioning. The company, known for its acquisitive growth strategy and focus on proprietary products with substantial aftermarket demand, reported a significant increase in net sales from $1,397 million in the previous year to $1,789 million. Net income also saw a substantial rise, from $229 million to $382 million, indicating a robust financial health. The earnings per share (EPS) improved from $3.33 to $4.87, reflecting the company's ability to generate shareholder value. With a strong balance sheet and strategic market focus, TransDigm is poised to leverage its strengths and navigate its weaknesses and threats while capitalizing on market opportunities.Decoding TransDigm Group Inc (TDG): A Strategic SWOT InsightStrengthsFinancial Performance and Market Positioning: TransDigm's financial results demonstrate a solid market positioning and an ability to generate revenue growth. The company's net sales increased by approximately 28% year-over-year, and net income saw a significant jump of 67%. This financial strength is a testament to TransDigm's successful strategy of focusing on proprietary aerospace components that have a high aftermarket demand, ensuring a steady stream of revenue post initial sale. The increase in EPS from $3.33 to $4.87 also indicates a strong return on equity for shareholders, which is a key strength in attracting and retaining investors.Story continuesAcquisitive Growth Strategy: TransDigm's growth has been partly fueled by its strategic acquisitions, such as the recent purchase of Calspan and Extant Aerospace product lines. These acquisitions not only expand the company's product offerings but also strengthen its foothold in niche markets. The expected tax-deductible goodwill and intangible assets from these acquisitions, amounting to millions, will provide financial benefits over the coming years. Furthermore, the company's ability to integrate these acquisitions effectively into its operations showcases its strong management capabilities.WeaknessesHigh Leverage: Despite its strong earnings, TransDigm's aggressive use of financial leverage to amplify operating results is a potential weakness. The company's interest expense of $300 million, up from $286 million the previous year, reflects the high cost of servicing its debt. This high level of indebtedness could limit the company's financial flexibility and increase vulnerability to economic downturns or interest rate hikes. It is crucial for TransDigm to manage its debt levels carefully to maintain financial stability.Dependence on Aerospace and Defense Industry: TransDigm's focus on the aerospace and defense industry, while a strength in terms of specialization, also poses a weakness due to the potential for market volatility. The industry is subject to cyclical demand, regulatory changes, and geopolitical risks that could impact the company's performance. Diversification into other sectors could mitigate this risk, but currently, TransDigm's heavy reliance on this single industry could be a potential weakness in times of industry downturn.OpportunitiesMarket Recovery and Demand Increase: The ongoing recovery of the commercial aerospace market, particularly in domestic air travel, presents a significant opportunity for TransDigm. As air traffic approaches pre-pandemic levels, demand for aerospace components and aftermarket services is likely to increase. TransDigm's strong portfolio of proprietary products positions it well to capitalize on this market rebound and drive further revenue growth.Expansion into New Markets: TransDigm's expertise in highly engineered aerospace components can be leveraged to expand into new markets and product lines. The company's recent acquisitions provide a platform for growth in both domestic and international markets. Additionally, the increasing focus on space exploration and satellite technology presents an opportunity for TransDigm to apply its engineering capabilities to new applications, potentially opening up additional revenue streams.ThreatsRegulatory Challenges: TransDigm operates in a highly regulated industry, and changes in government policies or defense spending could pose a threat to its business. The Department of Defense's scrutiny of pricing practices, as seen in the DOD OIG Audit, could lead to regulatory challenges and impact profitability. It is essential for TransDigm to maintain compliance and adapt to regulatory changes to mitigate this threat.Economic Headwinds and Competition: Economic uncertainties, including inflation and potential recessions, could lead to reduced spending in the aerospace and defense sectors. Additionally, intense competition from other industry players could threaten TransDigm's market share. The company must continue to innovate and differentiate its product offerings to stay ahead of competitors and navigate economic challenges.In conclusion, TransDigm Group Inc (NYSE:TDG) exhibits a strong financial performance and strategic positioning, with robust revenue growth and a solid market presence. The company's acquisitive growth strategy and focus on proprietary products with aftermarket demand are key strengths that drive its success. However, high levels of debt and dependence on the aerospace and defense industry are weaknesses that require careful management. Opportunities for growth are abundant, particularly with the market recovery and potential expansion into new markets. Nevertheless, regulatory challenges and economic headwinds pose threats that must be navigated strategically. Overall, TransDigm's strategic approach and financial acumen position it well for continued success in the competitive aerospace industry.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Decoding TransDigm Group Inc (TDG): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-transdigm-group-inc-tdg-051349273.html

c43a6c09-27fb-3a6d-935c-28d6b6d3e8d8

TDG

Last week saw the newest first-quarter earnings release from TransDigm Group Incorporated (NYSE:TDG), an important milestone in the company's journey to build a stronger business. Results overall were respectable, with statutory earnings of US$4.87 per share roughly in line with what the analysts had forecast. Revenues of US$1.8b came in 6.5% ahead of analyst predictions. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. See our latest analysis for TransDigm Group earnings-and-revenue-growthTaking into account the latest results, the current consensus from TransDigm Group's 21 analysts is for revenues of US$7.71b in 2024. This would reflect a meaningful 10% increase on its revenue over the past 12 months. Per-share earnings are expected to expand 12% to US$27.31. Before this earnings report, the analysts had been forecasting revenues of US$7.63b and earnings per share (EPS) of US$28.17 in 2024. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.Althoughthe analysts have revised their earnings forecasts for next year, they've also lifted the consensus price target 7.3% to US$1,182, suggesting the revised estimates are not indicative of a weaker long-term future for the business. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic TransDigm Group analyst has a price target of US$1,380 per share, while the most pessimistic values it at US$705. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.Story continuesTaking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting TransDigm Group's growth to accelerate, with the forecast 14% annualised growth to the end of 2024 ranking favourably alongside historical growth of 6.3% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 6.5% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that TransDigm Group is expected to grow much faster than its industry.The Bottom LineThe most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for TransDigm Group going out to 2026, and you can see them free on our platform here..And what about risks? Every company has them, and we've spotted 3 warning signs for TransDigm Group (of which 2 are potentially serious!) you should know about.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.

TransDigm Group Incorporated Just Beat Revenue By 6.5%: Here's What Analysts Think Will Happen Next

https://finance.yahoo.com/news/transdigm-group-incorporated-just-beat-130910012.html

a17db244-c78d-3bc0-8d6b-f270d25057ce

TDG

The defense and aerospace market is ripe for growth. The defense industry is expected to be worth over $1 trillion by 2027, thanks to increased government spending and investment in advanced technologies. This allows investors to enter the industry while it has room to grow.This article will cover three defense stocks investors can buy that benefit from bigger government budgets and new contracts. These companies produce aircraft, vehicles, weapons, communications and other defense-related equipment. They also have solid financials and new products in the pipeline and are prepared to hoard profits in the long run.General Dynamics Corporation (GD)US tank General Dynamics (GD) Abrams M1A1 in military polygon in the exercise Platinum Lynx 16 on Galati, Romania, 11 December 2015Source: PhotoStock10 / Shutterstock.comGeneral Dynamics (NYSE:GD) is the first on our list of defense stocks to buy. It’s an aerospace and defense company with business operations organized into four segments: Aerospace, which produces business jets and provides aircraft services; Marine Systems, which builds ships and submarines for the U.S. Navy and commercial customers; Combat Systems, which manufactures land vehicles, weapons and munitions for military applications; and Technologies, which provides information technology services, communication systems, cloud computing, artificial intelligence (AI) and other solutions to military, intelligence and federal civilian customers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Government of Canada has recently awarded General Dynamics Mission Systems-Canada four contracts worth up to $1.68 billion Canadian dollars (US$1.3 Billion) to provide Land Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance system support for the Canadian Army. The contracts cover a range of sustainment and upgrade services related to communications and data systems over multiple years.General Dynamics reported solid financials for the fourth quarter. The company’s revenue reached a record $11.7 billion, up over 7.5% YoY. Net income rose slightly to $1.005 billion from $992 million, and EPS increased to $3.64 from $3.58 YoY — the highest quarterly EPS in the company’s operating history.Story continuesNotably, the company ended the year with a record-high backlog of new orders worth $93.6 billion. Moreover, analysts rate the company a “Strong Buy” with a high price target of $345.Transdigm Group Inc. (TDG)A magnifying glass zooms in on the TransDigm Group, Inc. (TDG) logo on their webpageSource: Pavel Kapysh / Shutterstock.comTransDigm Group Inc. (NYSE:TDG) produces aircraft components. The company operates through three segments:Power & Control: Provides mechanical and electro-mechanical actuators, ignition systems, pumps, valves, power conditioning devices, motors, generators, batteries, databus controls and cargo loading systems;Airframe: Offers engineered latching and locking devices, rods, connectors, sealing solutions, cockpit security and display components, interior surfaces, seat belts and restraints, lighting and controls, and parachutesNon-aviation: Provides seat belts for ground transportation, actuators for space applications, turbine controls for energy and oil/gas markets and refueling systems for heavy equipment.TransDigm Group Inc. has recently acquired the Electron Device business of Communications & Power Industries of TJC, L.P. The Electron Device business supplies high-power microwave components to the aerospace, defense, and medical industries.TDG’s first quarter for FY’24 saw marked growth in several important metrics. Revenue increased 28% YoY, driven by double-digit growth across all segments and markets. Overall, gross profit came in at $1.04 billion, significantly higher than last year’s Q1 profit of $793 million. Adjusted EPS also saw a 56% increase, from $4.58 to $7.16.TransDigm also laid out an updated 2024 guidance. The company expects revenues to reach between $7.575 billion and $7.775 billion, signifying an 18% increase on the high end from FY’23. This has also increased from the initial $7.48 billion to $7.68 billion range outlined at the end of FY’23.Finally, analysts maintain a “Strong Buy” rating with a price target of $1,380, representing plenty of potential for investors based on the company’s strong growth and profitability.AeroVironment, Inc. (AVAV)Source: ShutterstockAeroVironment (NASDAQ:AVAV) produces high-tech robot systems like drones and unmanned ground vehicles. They sell defense-related equipment, tactical missile systems, and services to the U.S. Department of Defense, federal agencies and friendly international governments. The company has four main business segments that contribute to their overall success, which are:Small Unmanned Aircraft SystemsTactical Missile SystemsMedium Unmanned Aircraft SystemsHigh Altitude Pseudo-Satellite SystemsAeroVironment successfully demonstrated live-fire tests of GPS-guided Shryke munitions deployed from VAPOR 55 MX dron with Corvid and L3Harris. The modular 40mm warheads struck within 1-2 meters of multiple targets in one flight, which shows a precise and low-collateral damage solution.AeroVironment recently reported solid second-quarter financial results, with revenue increasing 62% YoY to $180.8 million. Net income rose 366% to $17.8 million, non-GAAP EPS jumped to $0.97, compared to $0.01 YoY, and gross margin increased 191% to $75.4 million for the quarter. Meanwhile, AeroVironment raised its revenue guidance to between $685 million and $705 million for fiscal 2024.Finally, analysts maintain a “Strong Buy” rating on the stock with a high price target of $155, making it one of the more attractive defense stocks in the market.On the date of publication, Rick Orford 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.Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.More From InvestorPlaceThe #1 AI Investment Might Be This Company You’ve Never Heard Of“America’s Top Trader” Issues A.I. Code Red: Act Now or Miss OutIt doesn’t matter if you have $500 or $5 million. Do this now.The post 3 Defense Stocks Poised for Growth Amid Conflict appeared first on InvestorPlace.

InvestorPlace

3 Defense Stocks Poised for Growth Amid Conflict

https://finance.yahoo.com/news/3-defense-stocks-poised-growth-181317410.html

5595fc3a-fb0c-3a2c-91a6-34e522357e2b

TDY

Donation adds to company’s unmanned systems and counter-drone technology currently in use by Ukraine forcesTHOUSAND OAKS, Calif., February 20, 2024--(BUSINESS WIRE)--Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), announced that Canada’s Department of National Defence is seeking over 800 SkyRanger R70 Unmanned Aerial Systems (UAS), valued at more than CAD$95 million (approximately US$70 million), that Canada will donate to the government of Ukraine.Built by Teledyne FLIR in Waterloo, Ontario, SkyRanger® R70 drones feature autonomous navigation capability, plus advanced thermal and daytime sensors enabling them to detect and identify targets at long range. The advanced multi-mission drone can handle a variety of payloads up to 3.5 kilograms, including munitions.This latest order from Canada adds to the unmanned systems and counter-unmanned aerial systems (C-UAS) capabilities Teledyne FLIR Defense is already providing to Ukraine’s military through governments worldwide. Teledyne FLIR Black Hornet® nano-drones are currently being used by Ukrainian forces through previous donations made by the Norwegian and British governments. They have performed successfully in numerous operations under the harshest of environments. Furthermore, via a contract with Kongsberg Defence & Aerospace, Teledyne FLIR is providing advanced thermal/visual imaging systems with highly sensitive radar sensors onto a mobile platform to rapidly identify drone threats as part of a total C-UAS solution for Ukraine."I would like to thank the Canadian government and the Honourable Bill Blair, Minister of National Defence, for turning to SkyRanger drones in their support for Ukraine," said Edwin Roks, Chief Executive Officer of Teledyne Technologies. "As a world leader in small unmanned aerial systems and remote sensing solutions, Teledyne FLIR Defense is proving that tactical platforms such as SkyRanger and Black Hornet can deliver immediate covert situational awareness on today’s battlefields, where and when warfighters need it most."Story continuesAbout Teledyne FLIRTeledyne FLIR, a Teledyne Technologies company, is a world leader in intelligent sensing, unmanned systems, and integrated solutions for defense and industrial markets, with roughly 4,000 employees worldwide. Founded in 1978, the company develops a wide range of advanced technologies to help professionals make better, faster decisions that save lives and livelihoods. To learn more, visit teledyneflir.com or follow @flir. #AnyThreatAnywhereAbout Teledyne TechnologiesTeledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit Teledyne's website at www.teledyne.com.View source version on businesswire.com: https://www.businesswire.com/news/home/20240220158079/en/ContactsMedia Contact:Joe Ailinger, Jr.Teledyne FLIRPhone: +1 781-801-6161Email: [email protected] Contact:Jason VanWeesTeledyne TechnologiesPhone: +1 805-373-4542Email: [email protected]

Business Wire

Teledyne FLIR to Supply Canadian Government More Than 800 Drones Worth CAD$95 Million for Ukraine

https://finance.yahoo.com/news/teledyne-flir-supply-canadian-government-151000871.html

09b73073-a149-327a-8ea7-087fef6dbbb5

TDY

It has been about a month since the last earnings report for Teledyne Technologies (TDY). Shares have added about 1.4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Teledyne 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.Teledyne Q4 Earnings Beat Estimates, Sales Increase Y/YTeledyne Technologies reported fourth-quarter 2023 adjusted earnings of $5.44 per share, which beat the Zacks Consensus Estimate of $5.06 by 7.5%. The bottom line also improved 10.1% from $4.94 recorded in the year-ago quarter.The company recorded GAAP earnings of $6.75 per share, up 42.4% from the prior-year period’s figure of $4.74.Teledyne reported 2023 adjusted earnings of $19.69 per share, which beat the Zacks Consensus Estimate of $19.31 by 2%. The bottom line also improved 8.2% from $18.19 recorded in the year-ago quarter.Operational HighlightsTotal sales were $1,425 million, which missed the Zacks Consensus Estimate of $1,445.6 million by 1.4%. The top line, however, grew 0.5% from $1,418.2 million reported in the year-ago quarter.This improvement can be attributed to higher year-over-year sales recorded across two of its four segments in the fourth quarter, except Digital Imaging and Engineered Systems.The company generated 2023 total sales of $5.64 billion, which missed the Zacks Consensus Estimate of $5.66 billion by 0.3%. The top line, however, grew 3.2% from $5.46 billion reported in the year-ago quarter.Segmental PerformanceInstrumentation: Sales in this segment improved 2.8% year over year to $335.2 million, driven by higher sales across the marine instrumentation product line.Adjusted operating income increased 14% year over year to $94.2 million, driven by higher sales and improved product margins.Story continuesDigital Imaging: Quarterly sales in this division slipped 0.5% year over year to $802.5 million. The decrease was on account of lower sales of industrial imaging cameras, unmanned air systems, micro-electro-mechanical systems and commercial maritime products.The adjusted operating income dropped 5.2% year over year to $182.2 million, due to unfavorable product mix as well as higher FLIR integration costs.Aerospace and Defense Electronics: Sales in this segment totaled $184 million, up 3.4% from that recorded in the prior-year quarter. The improvement was driven by higher sales of aerospace electronics.Adjusted operating income declined 5.3% year over year to $50.2 million due to unfavorable impact of product mix.Engineered Systems: Revenues in this division declined 3.8% year over year to $103.3 million, due to lower sales of engineered products.This segment's operating income improved 32.3% to $12.3 million, driven by a favorable program mix.Financial ConditionTeledyne’s cash and cash equivalents totaled $648.3 million as of Dec 31, 2023, compared with $638.1 million as of Jan 1, 2023. Total long-term debt was $2,644.8 million compared with $3,620.5 million as of Jan 1, 2023.Cashflow from operating activities totaled $836.1 million at the end of 2023 compared with $486.8 million in 2022.Capital expenditure for the fourth quarter amounted to $40.2 million, up from $34.1 million recorded in the prior-year quarter.TDY generated an adjusted free cash flow of $721.2 million at 2023-end, indicating a 4.4% year-over-year increase.GuidanceTeledyne expects adjusted earnings in the band of $4.55-$4.65 per share for the first quarter of 2024. The bottom-line estimate is pegged at $4.88, higher than the company's guided range.For 2024, the company expects adjusted earnings in the range of $20.35-$20.68 per share. The Zacks Consensus Estimate for earnings is pegged at $20.50 per share, lower than the mid-point of the company’s guided range.How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.VGM ScoresCurrently, Teledyne has an average Growth Score of C, however its Momentum Score is doing a bit better with a B. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.Overall, the stock has an aggregate VGM Score of C. 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, Teledyne 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 reportTeledyne Technologies Incorporated (TDY) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Teledyne (TDY) Up 1.4% Since Last Earnings Report: Can It Continue?

https://finance.yahoo.com/news/teledyne-tdy-1-4-since-163025305.html

52fb83df-92ce-34ea-8fa7-989c1d1fed64

TDY

Teledyne Technologies Inc (NYSE:TDY), a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems, has reported an insider sale according to a recent SEC filing. Director Charles Crocker has sold 4,000 shares of the company on March 5, 2024.Charles Crockers transaction involved the sale of 4,000 shares at a price of $422.46 per share. This transaction has decreased the insider's holdings in the company, following a pattern over the past year where Charles Crocker has sold a total of 4,000 shares and has not made any purchases.The insider transaction history for Teledyne Technologies Inc (NYSE:TDY) indicates a trend of more insider sales than purchases over the past year. There have been no insider buys recorded, while there have been 16 insider sales in the same period.Director Charles Crocker Sells 4,000 Shares of Teledyne Technologies Inc (TDY)Regarding the company's valuation, Teledyne Technologies Inc (NYSE:TDY) had a market cap of $20.154 billion on the day of the insider's recent sale. The stock's price-earnings ratio stands at 23.00, which is slightly lower than the industry median of 23.77 and also below the company's historical median price-earnings ratio.With the stock trading at $422.46 and a GuruFocus Value of $441.00, Teledyne Technologies Inc is considered to be Fairly Valued, with a price-to-GF-Value ratio of 0.96. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.Director Charles Crocker Sells 4,000 Shares of Teledyne Technologies Inc (TDY)Investors and stakeholders in Teledyne Technologies Inc (NYSE:TDY) may find these insider trading trends and valuation metrics useful for making informed decisions regarding their investment positions in the company.Warning! GuruFocus has detected 4 Warning Sign with TDY.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Director Charles Crocker Sells 4,000 Shares of Teledyne Technologies Inc (TDY)

https://finance.yahoo.com/news/director-charles-crocker-sells-4-043021349.html

6fe3f408-21ba-34a4-be18-0e56a3af2e19

TDY

Teledyne Technologies Inc (NYSE:TDY), a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems, has reported an insider sale according to a recent SEC filing. Director Simon Lorne has sold 2,200 shares of the company on March 8, 2024.Simon Lorne, who holds a position at the company, executed the sale at an average price of $426.7 per share, resulting in a transaction amount of approximately $938,740. The insider's sale was made public through an SEC filing, which can be accessed through the following link: SEC Filing.Over the past year, Simon Lorne has engaged in the sale of 2,200 shares of Teledyne Technologies Inc and has not purchased any shares. The insider transaction history for the company shows a pattern of 16 insider sells and no insider buys over the same timeframe.Teledyne Technologies Inc Director Simon Lorne Sells Company SharesThe market capitalization of Teledyne Technologies Inc stands at $20.13 billion as of the date of the insider sale. The stock's price-earnings ratio is 22.97, which is slightly lower than the industry median of 23.59 and also below the company's historical median price-earnings ratio.Teledyne Technologies Inc's shares were trading at $426.7 on the day of the insider's transaction. The company's stock has a price-to-GF-Value ratio of 0.97, indicating that it is Fairly Valued according to the GF Value estimate. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.Teledyne Technologies Inc Director Simon Lorne Sells Company SharesInvestors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's valuation and future prospects. The recent sale by Director Simon Lorne may attract attention from the market as stakeholders evaluate the significance of this insider activity.Warning! GuruFocus has detected 4 Warning Sign with TDY.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Teledyne Technologies Inc Director Simon Lorne Sells Company Shares

https://finance.yahoo.com/news/teledyne-technologies-inc-director-simon-041026616.html

f6a6b242-59a6-3252-a685-6dbc66b06f2a

TECH

When searching for the best biotech stocks to buy, investors may be initially off-put by the industry’s volatile nature. However, the sector is still stable and capable of continuously providing growth over time. Stable companies exist regardless of the notion that a single “wonder drug” might come along and cause a price boom.While considering which biotech stocks to add to your portfolio, looking at current offerings alongside incoming projects is essential. Most biotech companies use these current projects as a way to fund future endeavors, many of which may or may not succeed.  Even with successful preliminary results, many biotech companies still have to overcome FDA regulatory hurdles.That’s why the critical focus for investors looking to buy biotech stocks should be current profits and how they steer annual performance. Here are three of the best biotech stocks to buy this February for investors looking for new long-term stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPfizer (PFE)Here's How Pfizer Stock (and Pharma) Stand to Benefit From Mylan Deal. Best Biotech Stocks to BuySource: Manuel Esteban / Shutterstock.comOne of the market’s most stable biotech companies, Pfizer (NYSE:PFE), is looking to redefine its future as a leader in cancer therapies. With the profits of Covid-19 pandemic in the rearview mirror, Pfizer knows that focusing on chronic diseases, such as cancer, provides a steady and stable income stream for future projects.The best value Pfizer has to offer, however, is its history in combating an endless array of diseases. This wealth of expertise, paired with strong financial health, has put Pfizer in a position to grow continuously and provide stable performance.It also helps that Pfizer has put itself at the forefront of everyone’s Super Bowl Sunday through marketing targeting the emotional aspects of developing novel medicines. This attempt to win the hearts of consumers makes Pfizer worth keeping in mind for stocks to buy this February.Exelixis (EXEL)The logo for Exelixis is displayed on a phone.Source: Shutterstock.comStory continuesWhile not the most commonly known biotech stock, Exelixis (NASDAQ:EXEL) represents significant value for investors seeking profit from low entry prices. Furthermore, recent trial results regarding many of EXEL’s chemotherapeutic technologies show significant opportunities for application. This is part of what makes understanding the science behind a biotech stock’s offering so crucial for success.One of EXEL’s most promising drugs for combating kidney cancer just finished a lengthy four-year trial with promising results. Since this type of cancer lacks significant treatment, scientific advancements mean longer lives for patients and new market opportunities.This news bodes well for EXEL’s stock price and assures investors that current expenditures for research and development are worthwhile. Steady results such as these are critical to the financial trustworthiness of highly experimental firms. Thanks to this consistency, EXEL holds a stock rating comfortably among the best biotech stocks to buy.Bio-Techne (TECH)Biotechnology stocks, biomedical stocksSource: aslysun / Shutterstock.comAmong the best biotech stocks to buy right now, Bio-Techne (NASDAQ:TECH) has positioned itself as a leading provider of biomedical equipment. The company’s dedicated specialization to highly complex machines makes it a leader in the diagnostic and bioprocessing industries. It also has a corner on select proprietary protein complexes critical for other aspects of the biotech industry.To support this stable position and entice investment, Bio-Techne declared a dividend of $0.08 per share starting Q4 of 2023. Such confidence from the company’s board of directors only continues to make the stock more attractive. That’s because stocks that focus on upholding dividends tend to soften losses when the market lessens.Bio-Techne has solidified itself as a strong buy by offering over 500,000 different products with $1.1 billion in sales over the last two years. With the central nature of these products to the biotech industry and a reputation for success, the potential for Bio-Techne’s growth is already laid out.On the date of publication, Viktor Zarev 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.Viktor Zarev is a scientist, researcher, and writer specializing in explaining the complex world of technology stocks through dedication to accuracy and understanding.More From InvestorPlaceThe #1 AI Investment Might Be This Company You’ve Never Heard OfMusk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.The post The 3 Best Biotech Stocks to Buy in February 2024 appeared first on InvestorPlace.

InvestorPlace

The 3 Best Biotech Stocks to Buy in February 2024

https://finance.yahoo.com/news/3-best-biotech-stocks-buy-130000130.html

890a3629-5536-3d8e-b1d1-893598850eeb

TECH

Polen Capital, an investment management company, released its “Polen U.S. SMID Company Growth Strategy” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. The portfolio returned 14.98% gross and 14.65 % net of fees in the fourth quarter compared to a 12.59% return for the Russell 2500 Growth Index. The portfolio returned 29.39% gross and 28.05% net for the full year, compared to 18.93% return for the index. In addition, please check the fund’s top five holdings to know its best picks in 2023.Polen U.S. SMID Company Growth Strategy featured stocks such as Bio-Techne Corporation (NASDAQ:TECH) in the fourth quarter 2023 investor letter. Headquartered in Minneapolis, Minnesota, Bio-Techne Corporation (NASDAQ:TECH) is a developer and manufacturer of regent solutions, instruments, and services for research and clinical diagnostic markets. On February 22, 2024, Bio-Techne Corporation (NASDAQ:TECH) stock closed at $71.76 per share. The one-month return of Bio-Techne Corporation (NASDAQ:TECH) was -1.20%, and its shares lost 0.99% of their value over the last 52 weeks. Bio-Techne Corporation (NASDAQ:TECH) has a market capitalization of $11.28 billion.Polen U.S. SMID Company Growth Strategy stated the following regarding Bio-Techne Corporation (NASDAQ:TECH) in its fourth quarter 2023 investor letter:"Bio-Techne Corporation (NASDAQ:TECH) is a protein sciences/proteomics company that sells instruments and manufactures hundreds of thousands of proteins. Proteins and antibodies are used in research and increasingly in clinical settings for a wide range of therapies. Bio-Techne's customers are small and large biopharma companies, academic research institutes, clinical labs, and in vitro diagnostics manufacturers. The business stands out for its positive track record over the past decade with increased product differentiation, accelerating organic revenue growth, and 20%+ cash flow return on invested capital (CFROIC). More recently, the business was negatively impacted by the post-COVID destocking trend and weakness in China—both of which have affected the broader life sciences industry—but we believe this presented a unique opportunity to invest in an high-quality flywheel company that we expect to potentially deliver mid-to-high teens earnings growth over the long term. As with Medpace, we believe the company is well-positioned to benefit from some of the most significant growth markets in emerging biopharma without the risk of a biotech business model with binary outcomes or zero cash flow."Story continuesA laboratory technician researching a sample of cells in a biotechnology laboratory.Bio-Techne Corporation (NASDAQ:TECH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Bio-Techne Corporation (NASDAQ:TECH) was held by 23 hedge fund portfolios, down from 25 in the previous quarter, according to our database.We discussed Bio-Techne Corporation (NASDAQ:TECH) in another article and shared Alger Small Cap Growth Fund's views on the company. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.Suggested Articles:15 Best Side Hustles for Women Over 50World’s 20 Most Expensive Countries To Live In 202413 Best Stocks To Buy Now According To Billionaire Cliff AsnessDisclosure: None. This article is originally published at Insider Monkey.

Insider Monkey

What Makes Bio-Techne Corporation (TECH) an Investment Bet?

https://finance.yahoo.com/news/makes-bio-techne-corporation-tech-111515225.html

456d8cbc-fd38-32de-8f25-ef245a1ac3e7

TECH

MINNEAPOLIS, March 6, 2024 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today announced that Kim Kelderman, President and Chief Executive Officer, will present at the Barclays 26th Annual Global Healthcare Conference on Wednesday, March 13, 2024, at 8:30 a.m. EDT. A live webcast of the presentation can be accessed via the IR Calendar page of Bio-Techne's Investor Relations website at https://investors.bio-techne.com/ir-calendar.About Bio-Techne Corporation (NASDAQ:TECH)Contact:David Clair, Vice President, Investor Relations & Corporate [email protected]  Bio-TechneCisionView original content to download multimedia:https://www.prnewswire.com/news-releases/bio-techne-to-present-at-the-barclays-26th-annual-global-healthcare-conference-302080964.htmlSOURCE Bio-Techne Corporation

PR Newswire

BIO-TECHNE TO PRESENT AT THE BARCLAYS 26th ANNUAL GLOBAL HEALTHCARE CONFERENCE

https://finance.yahoo.com/news/bio-techne-present-barclays-26th-120000638.html

ba36b456-8d13-3ace-bf2d-4051e2b6ec0e

TECH

Director Roeland Nusse has sold 10,400 shares of Bio-Techne Corp (NASDAQ:TECH) on March 7, 2024, according to a recent SEC filing. The transaction was executed at an average price of $76.98 per share, resulting in a total value of $800,672.Bio-Techne Corp is a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities. The company's products are integral in the fields of genomics, protein analysis and expression, cellular analysis, drug discovery and manufacture of biologically-based therapeutics and diagnostics.Warning! GuruFocus has detected 6 Warning Sign with GGG.Over the past year, Roeland Nusse has sold a total of 19,339 shares of Bio-Techne Corp and has not made any purchases of the stock. The insider transaction history for Bio-Techne Corp shows no insider buys over the past year, but there have been 4 insider sells in the same timeframe.Director Roeland Nusse Sells 10,400 Shares of Bio-Techne Corp (TECH)On the valuation front, Bio-Techne Corp's shares were trading at $76.98 on the day of the insider's recent sale, giving the company a market cap of $11.81 billion. The price-earnings ratio stands at 54.44, which is higher than the industry median of 28.96 and also above the company's historical median price-earnings ratio.According to the GuruFocus Value, with a price of $76.98 and a GF Value of $92.23, Bio-Techne Corp's price-to-GF-Value ratio is 0.83, indicating that the stock is modestly undervalued.Director Roeland Nusse Sells 10,400 Shares of Bio-Techne Corp (TECH)The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.The recent insider sell by Director Roeland Nusse may provide investors with an opportunity to review their positions in Bio-Techne Corp, considering the company's valuation metrics and the insider's trading activity.For more detailed information on insider transactions and the company's financials, interested parties can refer to the full SEC filing.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Director Roeland Nusse Sells 10,400 Shares of Bio-Techne Corp (TECH)

https://finance.yahoo.com/news/director-roeland-nusse-sells-10-230029388.html

6318cb41-0f2a-35d6-bc0d-810995597153

TEL

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should.So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like TE Connectivity (NYSE:TEL). While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing. Check out our latest analysis for TE Connectivity TE Connectivity's Improving ProfitsOver the last three years, TE Connectivity has grown earnings per share (EPS) at as impressive rate from a relatively low point, resulting in a three year percentage growth rate that isn't particularly indicative of expected future performance. As a result, we'll zoom in on growth over the last year, instead. To the delight of shareholders, TE Connectivity's EPS soared from US$7.05 to US$10.72, over the last year. That's a commendable gain of 52%.Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. TE Connectivity reported flat revenue and EBIT margins over the last year. That's not bad, but it doesn't point to ongoing future growth, either.The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.earnings-and-revenue-historyThe trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for TE Connectivity's future EPS 100% free.Story continuesAre TE Connectivity Insiders Aligned With All Shareholders?Owing to the size of TE Connectivity, 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. Holding US$73m worth of stock in the company is no laughing matter and insiders will be committed in delivering the best outcomes for shareholders. That's certainly enough to let shareholders know that management will be very focussed on long term growth.Should You Add TE Connectivity To Your Watchlist?For growth investors, TE Connectivity's raw rate of earnings growth is a beacon in the night. Further, the high level of insider ownership is impressive and suggests that the management appreciates the EPS growth and has faith in TE Connectivity's continuing strength. Fast growth and confident insiders should be enough to warrant further research, so it would seem that it's a good stock to follow. Don't forget that there may still be risks. For instance, we've identified 2 warning signs for TE Connectivity (1 makes us a bit uncomfortable) you should be aware of.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 tailored list of companies which have demonstrated growth backed by recent insider purchases.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.

With EPS Growth And More, TE Connectivity (NYSE:TEL) Makes An Interesting Case

https://finance.yahoo.com/news/eps-growth-more-te-connectivity-135824767.html

855842b8-3776-3090-b543-20166c9660b0

TEL

The Technology sector has been a favorite among investors, providing explosive gains. Growth-styled investors have been particularly rewarded by the sector over the last year amid positive sentiment, with the beloved ‘Mag 7’ group stealing headlines all throughout the period.Still, the group certainly isn’t the only bright spot within the Technology sector currently, with many other companies, including Pinterest PINS, TE Connectivity TEL, and NICE Ltd. NICE, boasting bright outlooks.On top of solid forecasted growth, all three sport a favorable Zacks Rank, reflecting optimism among analysts. Let’s take a closer look at each.NICENICE specializes in customer relations management software, artificial intelligence, digital, and workforce engagement management. Analysts have bumped their earnings expectations higher across all timeframes, helping land the stock into a favorable Zacks Rank #2 (Buy).Zacks Investment ResearchImage Source: Zacks Investment ResearchThe company is coming off a strong quarterly release, with Cloud revenue growing 20% year-over-year and EPS climbing 16% from the year-ago period. NICE’s top line has continued to expand nicely, with its leading-edge AI and unique data assets improving its cloud win rates.Zacks Investment ResearchImage Source: Zacks Investment ResearchShares trade at elevated valuation multiples but are currently cheap on a relative basis, with the current 23.9X forward earnings multiple (F1) well beneath the 35.9X five-year median and comparing favorably to the Zacks Internet – Software industry average of 38.5X.TE Connectivity TE Connectivity, a current Zacks Rank #2 (Buy), manufactures and designs products that connect and protect the flow of power and data inside millions of products used by consumers and industries. On top of technology exposure, shares pay a dividend, currently yielding 1.6% annually.Dividend growth is also apparent, with TEL carrying a 6.5% five-year annualized dividend growth rate.Zacks Investment ResearchImage Source: Zacks Investment ResearchStory continuesShare performance has been supported by better-than-expected quarterly results, with TEL recently delivering a 7% beat relative to the Zacks Consensus EPS estimate. Analysts raised their earnings expectations for its current fiscal year following the release, with the $12.31 per share consensus estimate suggesting year-over-year growth of 12%.Zacks Investment ResearchImage Source: Zacks Investment ResearchPinterestPinterest provides a platform to show its users visual recommendations based on their personal tastes and interests, generating revenues by delivering ads on its website and mobile application. The company is a Zacks Rank #2 (Buy), with earnings expectations drifting higher across all timeframes.Zacks Investment ResearchImage Source: Zacks Investment ResearchThe company’s growth trajectory is notably bright, underpinned by its Style Score of ‘A’ for Growth. Consensus expectations for its current year suggest 22% earnings growth on 17% higher sales, with FY25 expectations alluding to an additional 23% boost in earnings paired with a 16% revenue climb.Bottom LineWhile many headlines have been centered around the ‘Mag 7’, there are plenty of other technology stocks currently carrying bright outlooks.All three stocks above – Pinterest PINS, TE Connectivity TEL, and NICE Ltd. NICE – could be considerations for those seeking tech exposure outside of the group.All three sport a favorable Zacks Rank and carry positive growth outlooks, undoubtedly a strong pairing.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 reportTE Connectivity Ltd. (TEL) : Free Stock Analysis ReportNice (NICE) : Free Stock Analysis ReportPinterest, Inc. (PINS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

3 Top-Ranked Tech Stocks Flexing Solid Growth

https://finance.yahoo.com/news/3-top-ranked-tech-stocks-215900960.html

527603f1-3f1f-3e03-b7bf-a80de6f74a48

TEL

SCHAFFHAUSEN, Switzerland, March 4, 2024 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has received the 2024 World's Most Ethical Companies recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.Ethisphere has included TE Connectivity as a World's Most Ethical Company in each of the last 10 years.TE, which has earned this honor for 10 consecutive years, is one of only four honorees in the electronics and components industry. In 2024, 136 companies were recognized spanning 20 countries and 44 industries."At TE, our core values of integrity, accountability, inclusion, innovation and teamwork dictate how we operate and how we innovate," said CEO Terrence Curtin. "Ethisphere's ongoing recognition is proof that our dedication to running our business ethically is highly regarded by our customers, our employees and our owners."The World's Most Ethical Companies assessment measures a company's culture of ethics; environmental, social and governance practices; ethics and compliance program; diversity, equity and inclusion; and initiatives that support a strong value chain. In the past year, TE enhanced its compliance training and communications strategy and continued to leverage data analytics to increase effectiveness. The company also strengthened its compliance liaison program, which includes more than 20 employees globally who support the ethics and compliance program, in addition to their regular duties, to help advance TE's commitment to the highest standards of integrity."It's always inspiring to recognize the World's Most Ethical Companies. Through the rigorous review process, we see the dedication of these organizations to continually improving their ethics, compliance and governance practices to the benefit of all stakeholders," said Erica Salmon Byrne, Ethisphere's chief strategy officer and executive chair. "Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow. Congratulations to TE Connectivity for achieving this honor and demonstrating that strong ethics is good business."Story continuesTo view the full list of this year's honorees, visit https://worldsmostethicalcompanies.com/honorees.ABOUT TE CONNECTIVITY TE Connectivity (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, renewable energy, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat, Instagram and X (formerly Twitter).ABOUT ETHISPHERE Ethisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace and deliver business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies build strong cultures of ethics and integrity. Ethisphere honors superior achievement through its World's Most Ethical Companies recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also advances business performance through data-driven assessments, guidance and benchmarking against its unparalleled data: the Culture Quotient dataset reflecting the ethical business practices of 3+ million employees around the world; and the Ethics Quotient dataset, featuring 240+ data points on the ethics, compliance, social and governance practices of the World's Most Ethical Companies. For more information, visit https://ethisphere.com/.Contacts:Media RelationsJeff CroninTE [email protected] [email protected] Connectivity Ltd. Logo. (PRNewsFoto/TE Connectivity Ltd.) (PRNewsfoto/TE Connectivity Ltd.)CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/te-connectivity-ranked-one-of-the-worlds-most-ethical-companies-for-10th-year-302077641.htmlSOURCE TE Connectivity, LTD

PR Newswire

TE Connectivity ranked one of the World's Most Ethical Companies for 10th year

https://finance.yahoo.com/news/te-connectivity-ranked-one-worlds-123500166.html

9b078b21-ec90-3d28-8438-fc497e6c35b4

TEL

Key InsightsUsing the 2 Stage Free Cash Flow to Equity, TE Connectivity fair value estimate is US$150Current share price of US$141 suggests TE Connectivity is potentially trading close to its fair valueOur fair value estimate is 5.9% lower than TE Connectivity's analyst price target of US$159How far off is TE Connectivity Ltd. (NYSE:TEL) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward.We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. Check out our latest analysis for TE Connectivity Crunching The NumbersWe're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars:Story continues10-year free cash flow (FCF) estimate2024202520262027202820292030203120322033 Levered FCF ($, Millions) US$2.53bUS$2.39bUS$2.49bUS$2.71bUS$2.75bUS$2.79bUS$2.83bUS$2.89bUS$2.95bUS$3.01bGrowth Rate Estimate SourceAnalyst x6Analyst x6Analyst x4Analyst x2Analyst x2Est @ 1.48%Est @ 1.72%Est @ 1.89%Est @ 2.01%Est @ 2.10% Present Value ($, Millions) Discounted @ 7.6% US$2.4kUS$2.1kUS$2.0kUS$2.0kUS$1.9kUS$1.8kUS$1.7kUS$1.6kUS$1.5kUS$1.4k("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. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.3%. We discount the terminal cash flows to today's value at a cost of equity of 7.6%.Terminal Value (TV)= FCF2033 × (1 + g) ÷ (r – g) = US$3.0b× (1 + 2.3%) ÷ (7.6%– 2.3%) = US$58bPresent Value of Terminal Value (PVTV)= TV / (1 + r)10= US$58b÷ ( 1 + 7.6%)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. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of US$141, the company appears about fair value at a 6.0% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.dcfThe AssumptionsThe calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the 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 TE Connectivity 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 7.6%, which is based on a levered beta of 1.157. 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 TE ConnectivityStrengthEarnings growth over the past year exceeded the industry.Debt is not viewed as a risk.Dividends are covered by earnings and cash flows.WeaknessDividend is low compared to the top 25% of dividend payers in the Electronic market.OpportunityGood value based on P/E ratio and estimated fair value.ThreatAnnual earnings are forecast to decline for the next 3 years.Next Steps:Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. 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. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For TE Connectivity, we've put together three essential elements you should consider:Risks: You should be aware of the 2 warning signs for TE Connectivity (1 is potentially serious!) we've uncovered before considering an investment in the company.Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for TEL'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. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock 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 TE Connectivity Ltd. (NYSE:TEL)

https://finance.yahoo.com/news/estimating-fair-value-te-connectivity-145108065.html

69a209be-0f4d-3fe3-8f1f-294ead891111

TER

In this article, we discuss the 11 best semiconductor stocks to invest in. To skip the detailed analysis of the industry, go directly to the 5 Best Semiconductor Equipment Stocks to Invest In.It won’t be an exaggeration to say that the semiconductor industry is the backbone of advancements in the tech sector. Deloitte predicts the current year will be quite favorable for the semiconductor industry. The industry saw a 9.4% YoY sales decline in 2023 to $520 billion. In 2024, the industry sales are expected to reach a record $588 billion, up from the previous $574 billion in 2022.Despite the dip in sales, the semiconductor industry performed well in 2023 and is still gaining in the current year. VanEck Semiconductor ETF (SMH) was up nearly 100% in 2023, and iShares Semiconductor ETF (SOXX) gained close to 80%. At the time of writing on February 23, the former has gained 24.18% year-to-date (YTD), while the latter is up 15.22%.Between 2023 and 2032, the semiconductor market is expected to grow at a compound annual growth rate (CAGR) of nearly 12.3% and reach $1.8 trillion by the end of the forecasted period. Don't Miss: 11 Best Semiconductor Stocks To Invest In for the AI BoomSemiconductor equipment stocks include companies that manufacture tools to make computer chips in clean rooms, testing devices for both production and research and fixtures to support the semiconductor fabrication facility. According to Grand View Research, the semiconductor equipment market is expected to reach $110.5 billion in 2024 from $103.1 billion in 2023.Supply chain issues have been haunting the semiconductor industry since the COVID-19 pandemic. However, some of the major players in the industry believe that it is on the way to its recovery. One of the big names in the semiconductor equipment space, ASML Holding N.V. (NASDAQ:ASML)’s President & Chief Executive Officer, Peter Wennink, said the following at the company’s latest earnings call:Story continues“Industry end market inventory levels continue to improve, moving towards more healthy levels. Lithography 2 utilization levels are still running lower than normal but are now improving in both logic and memory. We expect utilization levels to continue to improve over the course of this year.And lastly, as mentioned by Roger, we saw very strong order intake in the fourth quarter in support of future demand. To be able to follow the curve of the industry recovery, we are looking at the combined demand for 2024 and 2025. As mentioned last quarter, we fueled 2024 as a transition year in preparation with the expected strong demand in 2025. We, therefore, continue to make investment this year, both in capacity ramp and in technology to be ready for the upturn in the cycle.”However, Peter Wennink also warned that market uncertainty persists because of several global macroeconomic concerns. Keeping that in mind, apart from ASML Holding N.V. (NASDAQ:ASML), some of the best semiconductor equipment stocks include Applied Materials, Inc. (NASDAQ:AMAT) and Lam Research Corporation (NASDAQ:LRCX).11 Best Semiconductor Equipment Stocks to Invest InA robotic arm holding a semiconductor chip, emphasizing the precision and quality of the company's production equipment.Our MethodologyFor this article, we identified semiconductor equipment stocks with a market capitalization of $3 billion and above trading on the NYSE and NASDAQ. For that purpose, we used the Yahoo Finance stocks screener. Next, we chose the 11 best semiconductor equipment stocks based on their hedge fund sentiment. The stocks are listed in ascending order of the number of their hedge fund investors as of the fourth quarter of 2023. The hedge fund data was taken from Insider Monkey’s database of 933 elite hedge funds. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.Best Semiconductor Equipment Stocks to Invest in11. Nova Ltd. (NASDAQ:NVMI)Number of Hedge Fund Holders: 21Nova Ltd. (NASDAQ:NVMI) is an Israeli company that develops and sells dimensional and materials metrology solutions.According to Insider Monkey’s database that tracks 933 elite hedge funds, hedge fund sentiment was positive toward Nova Ltd. (NASDAQ:NVMI) as 21 hedge funds had investments in the stock in Q4 at a combined stake value of $470.168 million, up from 18 at a combined stake value of $254.166 million in the previous quarter. Phill Gross And Robert Atchinson’s Adage Capital Management owned 1.19 million shares worth $164.013 million and was the most significant investor in the company.On February 16, Benchmark raised the price target on Nova Ltd. (NASDAQ:NVMI)’s stock to $187 from $150 and kept a Buy rating on the shares after the company announced strong financial Q4 results.Nova Ltd. (NASDAQ:NVMI) is one of the best semiconductor equipment stocks to invest in, along with Applied Materials, Inc. (NASDAQ:AMAT), Lam Research Corporation (NASDAQ:LRCX), and ASML Holding N.V. (NASDAQ:ASML).10. Onto Innovation Inc. (NYSE:ONTO)Number of Hedge Fund Holders: 23Onto Innovation Inc. (NYSE:ONTO) was established in 2019 after Rudolph Technologies, Inc. and Nanometrics Incorporated merged. The company develops, manufactures, and distributes process control solutions and inspection systems for the semiconductor industry.On February 8, Onto Innovation Inc. (NYSE:ONTO) posted its Q4 non-GAAP EPS of $1.06, surpassing the analysts’ estimates by $0.05. The revenue of $219 million topped the estimates by $8.12 million.Onto Innovation Inc. (NYSE:ONTO) was mentioned in TimesSquare Capital Management’s second-quarter investor letter. Here is what it said:“Serving to partially counter that weakness, Onto Innovation Inc. (NYSE:ONTO) offers process controls used to perform macro defect inspections for semiconductor manufacturing. Strong results were coupled with higher forward guidance. Management noted the benefit from research & development spending on increased chip complexity. Onto rose 32% and we trimmed the position on this strength.”9. IPG Photonics Corporation (NASDAQ:IPGP)Number of Hedge Fund Holders: 25IPG Photonics Corporation (NASDAQ:IPGP) is a Massachusetts-based company that is engaged in the development and manufacturing of fiber lasers, fiber amplifiers, and diode lasers.On January 25, Seaport Research initiated coverage of IPG Photonics Corporation (NASDAQ:IPGP)’s stock with a Buy rating and a $125 price target.In the fourth quarter, 25 hedge funds held a stake in IPG Photonics Corporation (NASDAQ:IPGP)’s stock, up from 23 in the previous quarter. With over 4.257 million shares worth $462.124 million, Jean-Marie Eveillard’s First Eagle Investment Management was the top investor in the company.IPG Photonics Corporation (NASDAQ:IPGP) takes the ninth spot on our list of the best semiconductor equipment stocks to invest in.8. Amkor Technology, Inc. (NASDAQ:AMKR)Number of Hedge Fund Holders: 26Amkor Technology, Inc. (NASDAQ:AMKR) is an Arizona-based company that is engaged in providing turnkey packaging and test services to its clients. In the fourth quarter, Amkor Technology, Inc. (NASDAQ:AMKR) announced a GAAP EPS of $0.48, surpassing the estimates by $0.07. The revenue of $1.75 billion topped the estimates by $30 million.On February 20, Amkor Technology, Inc. (NASDAQ:AMKR) declared a quarterly dividend of $0.07875, payable by April 1 to the shareholders of record on March 12. At the time of writing on February 23, the stock’s dividend yield was 1.02%.On February 6, DA Davidson raised the price target on Amkor Technology, Inc. (NASDAQ:AMKR)’s stock to $35 from $30 and maintained a Buy rating on the shares. The analyst made a note of the better-than-expected Q4 results.7. Axcelis Technologies, Inc. (NASDAQ:ACLS)Number of Hedge Fund Holders: 28Axcelis Technologies, Inc. (NASDAQ:ACLS) manufactures equipment for the semiconductor industry, including ion implantation products. The company takes the seventh spot on our list of best semiconductor equipment stocks to invest in.According to TipRanks, over the last three months, 6 Wall Street analysts covered Axcelis Technologies, Inc. (NASDAQ:ACLS), and 3 kept a Buy rating on the shares. At the time of writing on February 23, the average price target of $152.50 represented an upside of 36.71%.On February 7, Axcelis Technologies, Inc. (NASDAQ:ACLS) announced its Q4 earnings result with a GAAP EPS of $2.15, which beat the estimates by $0.11. The revenue jumped 16.6% YoY to $310.29 million, topping the estimates by $11.66 million.According to Insider Monkey’s database, 28 hedge funds held a stake in Axcelis Technologies, Inc. (NASDAQ:ACLS)’s stock in the fourth quarter. In the quarter, Israel Englander’s Millennium Management massively upped its stake in the stock by 299% to 509,824 company shares worth $66.119 million, representing 0.02% of the investment portfolio.6. Teradyne, Inc. (NASDAQ:TER)Number of Hedge Fund Holders: 33Teradyne, Inc. (NASDAQ:TER) serves the semiconductor industry by developing, manufacturing, and selling automation equipment.On January 22, Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend of $0.12, payable by March 15 to the shareholders of record on February 16. At the time of writing on February 23, the stock’s dividend yield was 0.48%.According to Insider Monkey’s database that tracks 933 elite hedge funds, 33 hedge funds held a stake in Teradyne, Inc. (NASDAQ:TER)’’s stock in the fourth quarter. The top investor in the company was Catherine D. Wood’s ARK Investment Management, which increased its stake by 6% to 1.5 million shares worth $162.829 million.On February 6, Citi analyst Atif Malik raised the price target on Teradyne, Inc. (NASDAQ:TER)’s stock to $112 from $98 and kept a Buy rating on the shares.Applied Materials, Inc. (NASDAQ:AMAT), Lam Research Corporation (NASDAQ:LRCX), and ASML Holding N.V. (NASDAQ:ASML) are some of the best semiconductor equipment stocks to invest in besides Teradyne, Inc. (NASDAQ:TER). Click to continue reading and see the 5 Best Semiconductor Equipment Stocks to Invest In. Suggested articles:20 Richest People in Africa in 2024Top 10 Uranium Producing Companies In The World12 Best Rising Penny Stocks To BuyDisclosure. None. 11 Best Semiconductor Equipment Stocks to Invest In is originally published on Insider Monkey.

Insider Monkey

11 Best Semiconductor Equipment Stocks to Invest In

https://finance.yahoo.com/news/11-best-semiconductor-equipment-stocks-095555351.html

a71ff60a-b962-383f-90f0-ac68b221e40c

TER

Key InsightsTeradyne's estimated fair value is US$124 based on 2 Stage Free Cash Flow to EquityWith US$100 share price, Teradyne appears to be trading close to its estimated fair value The US$112 analyst price target for TER is 9.8% less than our estimate of fair valueToday we'll do a simple run through of a valuation method used to estimate the attractiveness of Teradyne, Inc. (NASDAQ:TER) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward.We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. See our latest analysis for Teradyne Step By Step Through The CalculationWe are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:Story continues10-year free cash flow (FCF) forecast2024202520262027202820292030203120322033 Levered FCF ($, Millions) US$395.4mUS$573.8mUS$779.4mUS$969.5mUS$1.14bUS$1.27bUS$1.38bUS$1.47bUS$1.54bUS$1.61bGrowth Rate Estimate SourceAnalyst x7Analyst x6Analyst x4Analyst x2Analyst x1Est @ 11.14%Est @ 8.48%Est @ 6.62%Est @ 5.32%Est @ 4.41% Present Value ($, Millions) Discounted @ 8.3% US$365US$489US$613US$704US$765US$785US$786US$773US$752US$725("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$6.8bThe second stage is also known as Terminal Value, this is the business's cash flow after 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 (2.3%) 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 8.3%.Terminal Value (TV)= FCF2033 × (1 + g) ÷ (r – g) = US$1.6b× (1 + 2.3%) ÷ (8.3%– 2.3%) = US$27bPresent Value of Terminal Value (PVTV)= TV / (1 + r)10= US$27b÷ ( 1 + 8.3%)10= US$12bThe total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$19b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of US$100, the company appears about fair value at a 19% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.dcfImportant AssumptionsThe calculation above is very dependent on two assumptions. The first is the discount rate and the other is the 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 Teradyne 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 8.3%, which is based on a levered beta of 1.313. 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 TeradyneStrengthCurrently debt free.WeaknessEarnings declined over the past year.Dividend is low compared to the top 25% of dividend payers in the Semiconductor market.OpportunityAnnual earnings are forecast to grow faster than the American market.Current share price is below our estimate of fair value.ThreatRevenue is forecast to grow slower than 20% per year.Looking Ahead:Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. DCF models are not the be-all and end-all of investment valuation. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Teradyne, we've put together three important factors you should further research:Financial Health: Does TER have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.Future Earnings: How does TER's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.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. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock 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 Teradyne, Inc. (NASDAQ:TER)

https://finance.yahoo.com/news/estimating-fair-value-teradyne-inc-103457659.html

61f9c8f9-e330-3778-b19a-d586e61c3d91

TER

A month has gone by since the last earnings report for Fortive (FTV). Shares have added about 3.5% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Fortive 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 drivers.Fortive Q4 Earnings Beat EstimatesFortive reported fourth-quarter 2023 adjusted earnings of 98 cents per share, topping the Zacks Consensus Estimate by 5.4%. The bottom line increased 11% year over year.Revenues rose 4% year over year to $1.58 billion and beat the Zacks Consensus Estimate by 1%. Core revenues also moved up 3% year over year, gaining from acceleration in the Intelligent Operating Solutions and Healthcare segments.The year-over-year improvement in the top line was driven by continued momentum in FBS and transition toward recurring revenues amid a challenging macroeconomic environment.In 2023, FTV also inked an agreement to streamline its real estate footprint within its Precision Technologies Segment for proceeds of $90 million. Management anticipates the transaction to be concluded in the first half of 2024, with a gain from the transaction recognized at the time of closing.The company also provided guidance for 2024. Management projects adjusted net earnings to be between $3.73 per share and $3.85 per share.Revenues are anticipated to be between $6.425 billion and $6.525 billion, indicating 6-8% growth from the year-ago levels.Core revenue growth is suggested to be between 2% and 4%. Free cash flow is forecast to be $1.375 billion.Adjusted operating profit is envisioned in the range of $1.725-$1.775 billion, suggesting 10-13% growth from the prior-year levels.For first-quarter 2024, adjusted net earnings are estimated in the range of 77-80 cents per share. Revenues are envisioned in the $1.515-$1.540 billion band.Free cash flow is forecast to be $180 million. Adjusted operating profit is forecast in the range of $370-$385 million, indicating 6-10% growth from the year-earlier levels.Story continuesTop Line in DetailFortive operates under the following three organized segments.Intelligent Operating Solutions: The segment generated revenues of $683 million (contributing 43.1% to total revenues), up 6% on a year-over-year basis.Precision Technologies: Segmental revenues totaled $549 million (34.7%), down 1% year over year.Advanced Healthcare Solutions: This segment registered revenues of $352 million (22.2%), up 2% year over year.Operating DetailsIn the quarter under review, adjusted gross margin reached 60.5%, which expanded 220 basis points (bps) year over year.Total operating costs (selling, general and administrative expenses, and research and development expenditures) were $636.6 million, up 5.8% year over year.Adjusted operating margin was 27.7%, extending 220 bps on a year-over-year basis.Segment-wise, adjusted operating margins of Intelligent Operating Solutions and Precision Technologies were 34.2% and 29%, rising 300 bps and 270 bps, respectively, year over year.Advanced Healthcare Solutions’ adjusted operating margin of 25.7% improved 160 bps.Balance Sheet & Cash FlowAs of Dec 31, cash and cash equivalents were $1.888 billion compared with $714.1 million as of Sep 29.As of Dec 31, accounts receivables were $960.8 million compared with $925.4 million as of Sep 29.FTV generated operating cash flow of $446.8 million for the fourth quarter compared with $464.2 million in the previous year. Non-GAAP free cash flow was $412.7 million compared with $428.1 million in the prior-year quarter. FTV generated operating cash flow of $1,353.6 million for 2023 compared with $1,303.2 million in the previous year. Non-GAAP free cash flow was $1,245.8 million for 2023 compared with $1,207.4 million in the prior year.How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.VGM ScoresAt this time, Fortive has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, 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 B. 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, Fortive has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.Performance of an Industry PlayerFortive belongs to the Zacks Electronics - Testing Equipment industry. Another stock from the same industry, Teradyne (TER), has gained 8.9% over the past month. More than a month has passed since the company reported results for the quarter ended December 2023.Teradyne reported revenues of $670.6 million in the last reported quarter, representing a year-over-year change of -8.4%. EPS of $0.79 for the same period compares with $0.92 a year ago.For the current quarter, Teradyne is expected to post earnings of $0.37 per share, indicating a change of -32.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +10% over the last 30 days.The overall direction and magnitude of estimate revisions translate into a Zacks Rank #5 (Strong Sell) for Teradyne. Also, the stock has a VGM Score of D.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 reportFortive Corporation (FTV) : Free Stock Analysis ReportTeradyne, Inc. (TER) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why Is Fortive (FTV) Up 3.5% Since Last Earnings Report?

https://finance.yahoo.com/news/why-fortive-ftv-3-5-163039621.html

925dfd50-2167-39cd-9a84-fac29446ebac

TER

A month has gone by since the last earnings report for Ametek (AME). Shares have added about 8.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Ametek 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.AMETEK Beats Q4 Earnings EstimatesAMETEK reported fourth-quarter 2023 adjusted earnings of $1.68 per share, beating the Zacks Consensus Estimate by 3.7%. The bottom line rose 11% on a year-over-year basis.Net sales of $1.73 billion surpassed the Zacks Consensus Estimate by 0.3%. The top line rose 6.5% year over year.Top-line growth was driven by solid momentum across the Electronic Instruments Group (EIG) and Electromechanical Group (EMG) segments.AMETEK’s proper execution of the four core growth strategies, including operational excellence, global market expansion, investments in product development and acquisitions, is expected to continue aiding financial growth in the near and long term. The AMETEK Growth Model is likely to continue driving its business performance.Segments in DetailEIG (71.4% of total sales): AMETEK generated sales of $1.24 billion from the segment, reflecting growth of 7% year over year. The figure topped the consensus mark of $1.131 billion.EMG (28.6%): The segment generated $494.7 million in sales in the fourth quarter, which improved 6% on a year-over-year basis. The figure came below the Zacks Consensus Estimate of $520 million.Operating DetailsFor the fourth quarter, operating expenses were $1.29 billion, up 4.8% year over year. The figure contracted 120 basis points (bps) from the year-ago quarter’s level as a percentage of net sales to 74.3%.Operating margin was 25.7%, which expanded 120 bps from the year-ago quarter’s figure.Operating margin for EIG expanded 250 bps year over year to 29% and that of EMG contracted 190 bps from the year-ago quarter’s level to 22.7%.Story continuesBalance SheetAs of Dec 31, 2023, cash and cash equivalents were $409.8 million, down from $841.9 million as of Sep 30, 2023.Long-term debt was $1.895 billion as of Dec 31, 2023, up from $1.86 billion as of Sep 30, 2023.GuidanceFor first-quarter 2024, management expects sales growth in low-double digits from the year-ago quarter’s reported figure.AMETEK expects adjusted earnings of $1.56-$1.60 per share, suggesting growth of 5-7% from the year-ago quarter’s reported number.For 2024, AME expects sales growth in the low-double digits from 2023 levels.Adjusted earnings are expected in the band of $6.70-$6.85 per share, suggesting growth of 5-7% from 2023 levels.How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.VGM ScoresCurrently, Ametek has an average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% 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 upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Ametek has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.Performance of an Industry PlayerAmetek is part of the Zacks Electronics - Testing Equipment industry. Over the past month, Teradyne (TER), a stock from the same industry, has gained 9.5%. The company reported its results for the quarter ended December 2023 more than a month ago.Teradyne reported revenues of $670.6 million in the last reported quarter, representing a year-over-year change of -8.4%. EPS of $0.79 for the same period compares with $0.92 a year ago.For the current quarter, Teradyne is expected to post earnings of $0.37 per share, indicating a change of -32.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.4% over the last 30 days.Teradyne has a Zacks Rank #5 (Strong Sell) 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 reportAMETEK, Inc. (AME) : Free Stock Analysis ReportTeradyne, Inc. (TER) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why Is Ametek (AME) Up 8.2% Since Last Earnings Report?

https://finance.yahoo.com/news/why-ametek-ame-8-2-163100357.html

5a8d142b-6c42-3670-bb85-0b37525999c6

TFC

Truist Financial Corporation (TFC) closed the most recent trading day at $35.24, moving -1.12% from the previous trading session. This change lagged the S&P 500's 0.04% gain on the day. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.28%.The the stock of company has fallen by 4.99% in the past month, lagging the Finance sector's gain of 3.66% and the S&P 500's gain of 5.01%.Investors will be eagerly watching for the performance of Truist Financial Corporation in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.79, indicating a 27.52% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $5.65 billion, showing a 7.44% drop compared to the year-ago quarter.For the full year, the Zacks Consensus Estimates project earnings of $3.37 per share and a revenue of $22.34 billion, demonstrating changes of -6.13% and -4.48%, respectively, from the preceding year.It is also important to note the recent changes to analyst estimates for Truist Financial Corporation. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has moved 1.23% lower. Truist Financial Corporation is currently a Zacks Rank #3 (Hold).From a valuation perspective, Truist Financial Corporation is currently exchanging hands at a Forward P/E ratio of 10.59. This indicates a premium in contrast to its industry's Forward P/E of 10.57.Story continuesWe can also see that TFC currently has a PEG ratio of 1.51. 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. As of the close of trade yesterday, the Banks - Major Regional industry held an average PEG ratio of 1.52.The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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 reportTruist Financial Corporation (TFC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Truist Financial Corporation (TFC) Stock Declines While Market Improves: Some Information for Investors

https://finance.yahoo.com/news/truist-financial-corporation-tfc-stock-224510806.html

eb20c362-3b01-35fe-8ac7-263bde2498ac

TFC

Register to secure a virtual seat, cast a vote for your favorite nonprofit to receive funding for its technology-based solutionGreg Olsen, an American football sportscaster and former NFL player, named hostCHARLOTTE, NC / ACCESSWIRE / February 26, 2024 / Truist Foundation today announced the opening of registration for its second Inspire Awards to be held on April 24 at the Knight Theater in Charlotte and online. The Inspire Awards is a pitch-style grant program celebrating nonprofits across the country that bring forward innovative solutions to support entrepreneurs from undercapitalized communities.The live event will be hosted by Greg Olsen, an American football sportscaster and former NFL tight end. Olsen is a long-time supporter of philanthropic causes and the Charlotte community."I'm honored to be given the opportunity to host the Truist Foundation Inspire Awards this upcoming spring," said Olsen. "Celebrating new technology and ideas in support of small businesses making an impact in the local community is so important to me, and I look forward to welcoming people from across the country to make their voices heard and helping drive meaningful change for underserved entrepreneurs."This event will be livestreamed so individuals nationwide can tune in and be inspired by the innovations of the finalists. Virtual attendees can participate by voting for the Audience Favorite Award, which earns the recipient a $75,000 grant."This is a unique opportunity to not only witness the power of innovation but to actively contribute to it. The audience's participation will help enable one nonprofit's tech-based solution and support small businesses by increasing the organization's total grant," said Truist Foundation President Lynette Bell. "The Truist Foundation Inspire Awards is an evening where inspiration meets action, and your registration is the first step."The following organizations will present their cutting-edge solutions on April 24 and are eligible for the Audience Favorite Award:Story continuesACT! Albany Community Together Inc., increasing and enhancing its training and technical assistance programs to empower small businesses in a 38-county region of southwest Georgia.Aire Ventures Inc., partnering with Zirtue to support Opportunity Connect, a neighborhood initiative that aims to provide access to capital to small business owners in opportunity zones.Carina, offering an easy-to-use, mobile-first child care platform, available in English and Spanish, which matches unionized Family Child Care Providers (FCCPs) with families needing child care.Centro Community Partners, providing an AI-generated journey through a virtual hub of small business owner resources for low- to moderate-income entrepreneurs in underserved communities.Immigrants Rising & Community Initiatives, employing a gamification learning hub to cater to individuals facing barriers to traditional employment who want to earn a sustainable income through small business ownership.NCRC Community Development Fund, supporting an AI-based lending platform to make the loan application process more efficient and accessible to undercapitalized small businesses.Start Small. Think Big. Inc., developing a dynamic web portal to improve services for small businesses from marginalized communities that will serve as a hub for onboarding, project management and analytic tools as well as legal, financial, sales and marketing administration.Leading up to the Inspire Awards, Truist Foundation collaborated with Solve, an initiative of the Massachusetts Institute of Technology, to identify and invest in nonprofits leveraging technology as a proven pathway to resiliency and sustainability. To qualify, the Inspire Awards finalists submitted proposals with transformative ideas and completed a six-month wraparound support program to grow their concepts into fundable solutions.During the event, finalists will present their ideas and grants will be announced. The top organization will receive a $250,000 grant to bring its solution to life. Second place will receive a $150,000 grant and runners-up each receive a $25,000 grant. The audience favorite will receive an additional $75,000 grant.Register and witness the power of collective impact at truist.com/InspireAwards.About Truist Foundation Truist Foundation is committed to Truist Financial Corporation's (NYSE:TFC) purpose to inspire and build better lives and communities. The foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an equal opportunity to thrive. Embodying these focus areas are the foundation's leading initiatives - the Inspire Awards and Where It Starts. Learn more at Truist.com/Foundation.# # #View additional multimedia and more ESG storytelling from Truist on 3blmedia.com.Contact Info:Spokesperson: TruistWebsite: https://www.3blmedia.com/profiles/truist Email: [email protected]: TruistView the original press release on accesswire.com

ACCESSWIRE

Truist Foundation Inspire Awards Registration Now Open

https://finance.yahoo.com/news/truist-foundation-inspire-awards-registration-171500916.html

b29e8de0-b99f-3485-b69d-e2d14f97ac19

TFC

Highly ranked analyst Jamie Cook is latest addition to growing teamATLANTA, March 7, 2024 /PRNewswire/ -- Truist Securities announced today that highly ranked analyst Jamie Cook recently joined the firm as a managing director, expanding its equity research coverage in the industrials sector."Jamie's sterling reputation for generating high-quality research, passion for client service, and extensive relationships will greatly benefit our institutional client base," said Mary Stroth, head of equity sales, trading, and research for Truist Securities. "Deepening our industrials expertise is critical as the sector navigates massive infrastructure investments associated with energy transition and modernization along with onshore manufacturing. Furthermore, automation, AI and machine learning are transforming the sector's business models."Cook, a highly ranked analyst in machinery and equipment and industrial services subsectors, joins Truist Securities after more than 20 years with Credit Suisse. She most recently served as the sector head for the U.S. capital goods research team. Cook will continue to be based in New York City and report to Jeffrey Utz, director of equity research."I'm looking forward to being part of a growing equities platform and helping Truist Securities expand its expertise, coverage, and capabilities," said Cook. "The collaborative culture at the firm combined with the opportunity to team with its current roster of industry-leading analysts is very exciting."Cook joins other recent hires that have bolstered the breadth and depth of Truist Securities' equity sales, trading and research team, including:Nataliya Bershova, equity electronic trading managing director. Bershova, based in New York, leads equity electronic trading and brings 15 years of experience in quantitative algorithmic trading from firms such as Sanford C. Bernstein and Citadel Asset Management.Brian Devlin, Andrew Hostetler, Molly Shanley, and Bryan Welch, equity sales managing directors. Devlin and Welch joined from Evercore ISI and are leading the firm's distribution efforts in Boston. Shanley, also previously at Evercore ISI, is based in New York and running Middle Market sales. Hostetler, who most recently worked at Raymond James, is part of the New York sales team.Kevin Pedicano, equity sales trading managing director. Based in New York, Pedicano joins with more than 20 years of experience on both the buy and sell side at firms such as Citi and Deutsche Bank.Peter Baillos and Steve Raquet, equity sales directors, who join from RBC. Baillos and Raquet lead the firm's central U.S. territory, which includes Chicago, Denver, Kansas City, Minneapolis, Ohio and Texas. Baillos is based in Chicago and Raquet in Dallas.Story continues"We continue to invest in our equities team with the addition of experienced and high-quality talent to further deliver differentiated content, execution, and value for our clients," added Stroth.About Truist SecuritiesTruist Securities is the full-service corporate and investment banking arm of Truist Financial Corporation (NYSE: TFC). With a rich history extending back more than 125 years, Truist Securities offers a robust capital markets and investment banking platform that includes a comprehensive array of strategic advisory, mergers and acquisition, and capital markets capabilities for corporate and institutional clients, including sales, trading and research services in both fixed income and equity. The firm also provides corporate finance, asset finance, risk management, liquidity, and treasury management solutions to meet clients' full spectrum of financial needs. Headquartered in Atlanta, Truist Securities has offices located across the U.S. Learn more at www.truistsecurities.com.CisionView original content:https://www.prnewswire.com/news-releases/truist-securities-bolsters-industrials-sector-equity-research-302082206.htmlSOURCE Truist Financial Corporation

PR Newswire

Truist Securities bolsters industrials sector equity research

https://finance.yahoo.com/news/truist-securities-bolsters-industrials-sector-130000033.html

3921ad94-f3d0-3c8b-82e7-382a3c67435a

TFC

Following the $1-billion cash infusion, New York Community Bancorp’s NYCB rating view has been changed to "review for upgrade" from "review for downgrade" by Moody’s Investors Service — a division of Moody’s Corporation MCO.The company will raise more than $1 billion from a group of investors, led by former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital Partners. Liberty, Hudson Bay and Reverence will invest $450 million, $250 million and $200 million, respectively.New York Community will sell 59,750,000 common shares for $2 per share; and 192,062 and 273,188 convertible preferred shares of series B and series C, respectively, with a conversion price of $2 per share. Beside this, investors will receive seven-year warrants to purchase non-voting, common-equivalent stock of NYCB shares worth $315 million. This will be at an exercise price of $2.50 per share, indicating a 25% premium on the price paid on common stock of $2.The capital raise will increase NYCB's common equity tier 1 (CET1) ratio to 10.3% (on a proforma basis), assuming the full conversion of the preferred equity to common, from 9.2% reported on Dec 31, 2023. Per the rating agency, NYCB's "planned capital raise could help stabilize its franchise following the tumultuous series of events that have occurred in recent weeks, and could improve its creditworthiness."However, Moody’s continues to believe that the bank will further increase its provisions for credit losses. Last week, Moody's downgraded NYCB's long-term issuer rating to "B3" from "Ba2."Last week, the company slashed its quarterly dividend by 80% to a penny. This comes after the lender reduced its dividend by 71% on Jan 30, 2024. NYCB announced the dividend cut to build capital.New York Community also noted a 5% drop in its deposits since the 2023 end through Mar 5, 2024. As of the date, its deposits stood at $77.2 billion, down from $81.4 billion as of the December end.Story continuesOver the past six months, NYCB shares have lost 71.4% compared with the industry’s 3.3% decline. Zacks Investment ResearchImage Source: Zacks Investment Research Currently, NYCB carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Rating Actions of Other CompaniesTruist Financial’s TFC decision to divest its remaining 80% stake in Truist Insurance Holdings (“TIH”) triggered reactions from two major credit rating agencies — Fitch Ratings and Moody's Investors Service.Fitch Ratings downgraded TFC's long-term issuer default rating to 'A' from 'A+' alongside lowering the Viability Rating to 'a' from 'a+.' The rating agency viewed this transaction as a near-term credit positive but acknowledged the constraints that this narrower business mix places on Truist's business and earnings prospects.Meanwhile, Moody's placed Truist’s long-term ratings on review for a downgrade. The firm cited concerns over TFC's reduced diversification post-sale, increased reliance on net interest income and heightened earnings volatility.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 reportMoody's Corporation (MCO) : Free Stock Analysis ReportNew York Community Bancorp, Inc. (NYCB) : Free Stock Analysis ReportTruist Financial Corporation (TFC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

New York Community (NYCB) Ratings View Changed by Moody's

https://finance.yahoo.com/news/york-community-nycb-ratings-view-163900164.html

47aa99d9-2eb8-3af9-afbb-fc0d8b49f567

TFX

Teleflex Incorporated TFX posted adjusted earnings per share (EPS) from continuing operations of $3.38 in the fourth quarter of 2023, down 4% from the year-ago quarter’s figure. However, the metric topped the Zacks Consensus Estimate by 3.7%.GAAP EPS came in at 66 cents in the fourth quarter compared with $1.65 during the same period last year.Full-year adjusted EPS was $13.52, reflecting a 3.5% increase from the year-ago period. The metric surpassed the Zacks Consensus Estimate by 0.8%.Revenues in DetailNet revenues in the fourth quarter rose 2.1% year over year to $773.9 million, up 0.7% on a constant exchange rate or CER. The top line surpassed the Zacks Consensus Estimate by 0.7%.Full-year revenues were $2.97 billion, reflecting a 6.6% rise from the year-ago period (up 6.5% at CER). The metric came in line with the Zacks Consensus Estimate.Segmental DetailsAmericas’ net revenues of $450.6 million fell 1.6% from the year-ago period’s levels (down 1.9% at CER). This compares with our model’s projection of $455.2 million for the fourth quarter.The decrease was mainly due to slower growth in the Vascular and Surgical business and also reflects the impact of five fewer shipping days.EMEA’s (Europe, the Middle East and Africa) net revenues of $152.4 million rose 3.1% year over year but decreased 2.7% at CER. The decrease is attributed to Anesthesia and Surgical and the impact of fewer shipping days. Our model projected revenues to be $155.2 million in the fourth quarter.Teleflex Incorporated Price, Consensus and EPS SurpriseTeleflex Incorporated Price, Consensus and EPS SurpriseTeleflex Incorporated price-consensus-eps-surprise-chart | Teleflex Incorporated QuoteRevenues from Asia (Asia Pacific) rose 12.5% to $ 88.3 million (up 12.6% at CER). Our model’s projection was $84.3 million. The performance was driven by strong commercial execution and solid underlying demand.OEM (Original Equipment Manufacturer and Development Services) revenues were $82.6 million, an increase of 12.1% year over year (up 10.9% at CER). Our model’s projected revenues were $72.2 million.Story continuesProduct Revenues in DetailIn the fourth quarter, the Vascular Access segment recorded net revenues of $186.7 million, up 0.1% year over year. This compares with our model’s projection of $188.4 million for the fourth quarter.The Interventional business registered net revenues of $135.6 million, up 8.5% compared to the same period last year. This compares with our model’s projection of $130.7 million for the fourth quarter.Within the Anesthesia segment, net revenues fell 1.5% year over year to $98.2 million. This compares with our model’s projection of $101.2 million for the fourth quarter.The Surgical segment recorded net revenues of $109.6 million, down 0.8% year over year. This compares with our model’s projection of $112.8 million for the fourth quarter.Revenues in the Interventional Urology segment were $93 million, up 4.3% year over year. This compares with our model’s projection of $90.5 million for the fourth quarter.OEM recorded revenue growth of $82.6 million, up 12.1% compared to the year-ago figure. This compares with our model’s projection of $77.2 million for the fourth quarter.The Other product segment’s (consisting of the company’s respiratory products not included in the divestiture to Medline, manufacturing service agreement revenues and Urology Care products) net revenues of $68.2 million registered a year-over-year decline of 7.2%. This compares with our model’s projection of $66 million for the fourth quarter.MarginsIn the reported quarter, gross profit totaled $431.4 million, up 2.2% year over year. The gross margin expanded six basis points (bps) to 55.8% despite a 1.9% rise in the cost of goods sold.Overall, adjusted operating profit was $134.9 million, down 7.6% year over year. The adjusted operating margin saw an 182-bps contraction year over year to 17.4%.Liquidity PositionTeleflex exited the fourth quarter of 2023 with cash and cash equivalents of $222.8 million compared to $292 million at the end of 2022.Cumulative cash flow provided by operating activities from continuing operations at the end of the fourth quarter of 2023 was $511.7 million compared with $342.8 million in the year-ago period.2024 ViewTeleflex provided its financial guidance for 2024.GAAP revenue growth for 2024 is expected in the range of 3.6%-4.6%. The company’s constant-currency revenue growth expectation for 2024 lies in the 3.75%-4.75% range. The Zacks Consensus Estimate for total revenues is pegged at $3.09 billion.The company expects 2024 adjusted EPS from continuing operations in the $13.55-$13.95 range. The Zacks Consensus Estimate is currently pegged at $13.81.Our TakeTeleflex exited the fourth quarter of 2023 with better-than-expected revenues and earnings. The company’s performance demonstrated a solid execution against a stable and improving macro environment. Across the Asia region, revenue growth was broad-based, with strong double-digit increases in Korea, India and China. The expansion of the gross margin instills optimism.The company is also proceeding with the integration of the Palette Life Sciences AB acquisition, which emphasizes Teleflex’s focus on expanding the use of rectal spacers in the treatment of prostate cancer. In 2024, TFX anticipates new product introductions with a number of launches across its business units.Meanwhile, the bottom line registered a year-over-year decline in the fourth quarter. The contraction of the adjusted operating margin is concerning.Zacks Rank and Key PicksTeleflex currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader medical space are Stryker Corporation SYK, Cencora, Inc. COR and Cardinal Health CAH.Stryker, carrying a Zacks Rank #2 (Buy), reported a fourth-quarter 2023 adjusted EPS of $3.46, beating the Zacks Consensus Estimate by 5.8%. Revenues of $5.8 billion outpaced the consensus estimate by 3.8%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Stryker has an estimated earnings growth rate of 11.5% for 2025 compared with the S&P 500’s 9.9%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 5.1%.Cencora, carrying a Zacks Rank #2, reported a first-quarter fiscal 2024 adjusted EPS of $3.28, which beat the Zacks Consensus Estimate by 14.7%. Revenues of $72.3 billion outpaced the Zacks Consensus Estimate by 5.1%.COR has an earnings yield of 5.75% compared with the industry’s 1.85%. The company’s earnings surpassed estimates in each of the trailing four quarters, the average being 6.7%.Cardinal Health, sporting a Zacks Rank #1, reported second-quarter fiscal 2024 adjusted earnings of $1.82, which beat the Zacks Consensus Estimate by 16.7%. Revenues of $57.45 billion improved 11.6% on a year-over-year basis and also topped the Zacks Consensus Estimate by 1.1%.CAH has a long-term estimated earnings growth rate of 15.3% compared with the industry’s 11.8% growth. The company’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 15.6%.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 reportStryker Corporation (SYK) : Free Stock Analysis ReportCardinal Health, Inc. (CAH) : Free Stock Analysis ReportTeleflex Incorporated (TFX) : Free Stock Analysis ReportCencora, Inc. (COR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Teleflex (TFX) Q4 Earnings Top Estimates, Operating Margin Falls

https://finance.yahoo.com/news/teleflex-tfx-q4-earnings-top-134000771.html

8d161ef0-a405-38c7-843e-40149b6ac62c

TFX

Teleflex Incorporated (NYSE:TFX) Q4 2023 Earnings Call Transcript February 22, 2024Teleflex Incorporated beats earnings expectations. Reported EPS is $3.38, expectations were $3.26. Teleflex Incorporated isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).Operator: Good morning, ladies and gentlemen, and welcome to the Teleflex Fourth Quarter 2023 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode. At the end of the company's prepared remarks, we will conduct a question-and-answer session. Please note that this conference call is being recorded and will be available on the company's website for replay shortly. Now, I will turn the call over to Mr. Lawrence Keusch, Vice President of Investor Relations and Strategy Development.Lawrence Keusch: Good morning, everyone, and welcome to the Teleflex Incorporated fourth quarter 2023 earnings conference call. The press release and slides to accompany this call are available on our website at teleflex.com. As a reminder, a replay will be available on our website. And for those wishing to access the replay you can refer to our press release from this morning for details. Participating on today's call are Liam Kelly, Chairman, President and Chief Executive Officer; and Thomas Powell, Executive Vice President and Chief Financial Officer. Liam and Tom will provide prepared remarks and then we will open the call to Q&A. Before we begin, I'd like to remind you that some of the matters discussed in the conference call will contain forward-looking statements, regarding future events as outlined in the slides posted to the Investor Relations section of the Teleflex website.We wish to caution you that such statements are, in fact, forward-looking in nature and are subject to risks and uncertainties and actual events or results may differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to factors referenced in our press release today as well as our filings with the SEC, including our Form 10-K, which can be accessed on our website. Now, I'll turn the call over to Liam for his remarks.Story continuesLiam Kelly: Thank you, Larry, and good morning, everyone. On this morning's call, we will discuss the fourth quarter results, provide some commercial updates and introduce our financial guidance for 2024. We had a solid finish to 2023 as momentum seen through the year continued into the fourth quarter. For the quarter, Teleflex revenues were $773.9 million a year-over-year increase of 2.1% and an increase of 0.7% on a constant currency basis. As a reminder to investors, there were 5 fewer shipping days year-over-year in the fourth quarter. The shipping day impact in the quarter was an estimated $57 million or approximately a 7.4 percentage point reduction in constant currency growth year-over-year. When adjusting for the shipping day impact, the implied constant currency growth was 8.1% year-over-year.A person wearing a state-of-the-art medical device for nerve conduction tests.Fourth quarter adjusted earnings per share was $3.38 a 4% decrease year-over-year. During the quarter, utilization continued to return towards normal seasonality. From a macro perspective, we witnessed a stable to improving environment for material inflation and supply chain. These dynamics generally track to our expectations for the full year. For the full year 2023, we had a strong performance with revenues reaching $2.975 billion, which represents 6.5% constant currency growth year-over-year, while adjusted earnings per share was $13.52. As we look to 2024, we anticipate a stable procedure environment with seasonality in line with pre-pandemic levels. Although the Teleflex portfolio is not likely to benefit from pent-up demand due to the focus on critical care procedures, we would anticipate that staffing will continue to see improvements during the year.Supply chain dynamics largely stabilized through 2023, and we expect to see continued improvements in 2024. Teleflex has broad global manufacturing capabilities and we continue to assess vertical integration opportunities to gain further control of our supply chain. Turning to inflation. There were elements of improvement during 2023, including sea freight and raw materials. For 2024, we are assuming some further disinflation, but note that costs remain somewhat elevated relative to historic levels and are above 2023. Now let's turn to a deeper dive into our fourth quarter revenue results. I will begin with a review of our geographic segment revenues for the fourth quarter. All growth rates that I refer to are on a constant currency basis and reflect the negative impact of 5 fewer shipping days year-over-year, unless otherwise noted.Americas revenues were $450.6 million, a 1.9% decrease year-over-year, driven by Surgical and Vascular and reflective of the 5 fewer shipping days in the quarter. In particular, we saw year-over-year growth in our Interventional Anesthesia and Interventional Urology businesses despite the fewer shipping days in the quarter. EMEA revenues of $152.4 million decreased 2.7% year-over-year, driven by Anesthesia and Surgical and reflective of the impact of the fewer shipping days. Urology products, Interventional and Vascular businesses generated the highest shipping days adjusted growth in the quarter. Turning to Asia. Revenues were $88.3 million, increasing 12.6% year-over-year. Revenue growth was broad-based across the region, with strong double-digit increases in Korea, India and China.The performance in the quarter was driven by strong commercial execution and solid underlying demand. Let's now move to a discussion on our fourth quarter revenue by global product category. Commentary on global product category growth for the fourth quarter will also be on a year-over-year constant currency basis and reflects the impact of the 5 fewer shipping days. On a shipping days adjusted basis, the sequential growth in the fourth quarter trended in line with our expectations with Vascular and Anesthesia growth rates improving, while Interventional and Surgical slowed. Starting with Vascular Access. Revenue decreased 1.2% to $186.7 million. Along with the fewer shipping days, the year-over-year growth also reflected the impact of the previously announced Endurance catheter recall.The quarter was led by year-over-year growth for EZ-IO and other access despite headwinds from the fewer shipping days. Of note, we achieved double-digit growth in our underlying PICC business when excluding the negative impact of the Endurance recall. We continue to see opportunities for share gains in the peripheral access markets and our new product initiatives will help play a role. During the quarter, we continued to execute on our launch activities for our next-generation navigation device and new PICC stylets. Moving to Interventional. Revenue was $135.6 million, up 7.2% year-over-year. Despite the impact of the fewer selling days, we demonstrated solid growth, which underscores our positive momentum as we continue to make good progress with our growth drivers.Turning to Anesthesia. Revenue declined 3.4% year-over-year to $98.2 million. Among our larger product categories, hemostatic products performed well in the quarter, with strong double-digit growth, partially offset by declines in atomization and ET Tubes, as we recover from the recall, which occurred earlier in 2023. In our Surgical business, revenue was $109.6 million, down 2% year-over-year against a tough comparison. Our underlying trends in our core surgical franchise continue to be solid, including our ligation portfolio. For 2023, Titan generated revenues in excess of $12 million. For International Urology, revenue was $93 million, representing an increase of 4.2%, starting with Palette, which we acquired in October 2023. Revenues in the fourth quarter were modestly better than expectations with outperformance of Barrigel.For UroLift, the office remains a challenge as we continue our efforts to stabilize this size of service. In the international markets, UroLift revenue saw a healthy growth in Japan, while in China, our initial launch activities remain on plan with a focus on training surgeons and gaining reimbursement. OEM had another solid quarter, with revenues increasing 10.9% year-over-year to $82.6 million. The strength in the quarter was broad-based across our portfolio, with all product categories recording year-over-year growth, including continued strength in microcatheters. Fourth quarter Other revenue declined 10.2% to $68.2 million year-over-year. As previously disclosed, fourth quarter Other revenues reflects the early December 2023 exit of the MSA by Medline and accounted for the majority of the year-over-year revenue decline.That completes my comments on the fourth quarter revenue performance. Turning to some commercial and clinical updates. Following the acquisition of Palette Life Sciences on October 10, 2023, I am pleased to report that the integration is tracking to our expectations. We have completed and issued cross-functional product sales training for selected members of our legacy UroLift sales force, and our dual-bag reps are now interacting with clinicians in the field. Our focus remains on expanding the use of rectal spacing in the treatment of prostate cancer, and we are engaging with urologists and radiation oncologists. Barrigel is a differentiated rectal spacer that is clinically proven to significantly reduce unwanted radiation exposure. Moving to UroLift.We continue to expand our foundation of clinical data that supports the use of UroLift as a safe and effective minimally invasive treatment for BPH. In November 2023, we highlighted a new peer review study in the Nature Journal, Prostate Cancer and Prosthetic Diseases, that reinforces the position of the UroLift system as the goal standard in minimally invasive surgical treatment for BPH. Results suggested that within 1 year of BPH surgery, 1 in 20 patients may require retreatment regardless of whether they receive a TURP, GreenLight, Rezum or UroLift. Additionally, at 1 year, procedural complications requiring a return procedure in the outpatient setting was lowest following UroLift and highest following Rezum. The average time to the first complication was the longest for UroLift.At 5 years, retreatment was lowest for TERP and statistically similar between GreenLight and UroLift. The retreatment rate for UroLift is comparable to publish controlled trial rates, thereby underscoring the durability of the UroLift system. We continue to focus on supporting UroLift with clinical data, and note that we have 8 sponsored research abstracts that have been accepted for presentation at major urological meetings in 2024. Turning to an update related to our surgical business unit. We have completed the launch activities for the Gore Seamguard Bioabsorbable staple line reinforcement material to be used with the Titan Stapler. The ability to offer synthetic buttressing material alongside the unique features of the Titan Stapler should enable Teleflex to further address surgeon clinical needs and preferences in the sleeve gastrectomy market.Lastly, as we look into 2024, we will continue to advance our new product introductions with a number of launches across our business units. In our interventional business, we expect to receive FDA marketing clearance and launch the Ringer Catheter in the second half of 2024. Ringer incorporates a unique balloon design that allows blood to flow through a vessel while the balloon is inflated. We will initially launch with a PTCA indication, but we have completed enrollment in a vessel perforation trial that will be utilized to seek FDA label expansion. In our surgical business, we anticipate launching new ligation products, including an automated polymer clip applier in the second half of 2024. We will also continue to refresh our laryngoscope families with a series of launches during the year.Our anesthesia business unit is also on track for new product launches, including updated technology in our EZ-IO business that would enable expansion of our user base, for which we expect FDA approval in 2024. We will provide more details upon launch. That completes my prepared remarks. Now, I would like to turn the call over to Tom for a more detailed review of our fourth quarter financial results. Tom?Thomas Powell : Thanks, Liam, and good morning. Given the previous discussion of the company's revenue performance, I'll begin with margins. For the quarter, adjusted gross margin was 60.1%, a 10 basis point increase versus the prior year period. The year-over-year increase was primarily due to favorable price, benefits from cost improvement initiatives, lower logistics and distribution-related costs and the Palette acquisition, partially offset by continued cost inflation and unfavorable fluctuations in foreign exchange rates. Adjusted operating margin was 26.3% in the fourth quarter. The 160 basis point year-over-year decrease was primarily driven by the inclusion of Palette Life Sciences operating expenses, employee-related expenses and investments to grow the business, partially offset by the flow-through of the year-over-year increase in gross margin.Net interest expense totaled $22.5 million in the fourth quarter, an increase from $18.7 million in the prior year period. The year-over-year increase in net interest expense reflects higher interest rates versus the prior year and higher average debt outstanding utilized to fund the acquisition of Palette, partially offset by increased interest income. Our adjusted tax rate for the fourth quarter of 2023 was 11.6% compared to 13.6% in the prior year period. The year-over-year decrease in our adjusted tax rate is primarily due to an increase in tax deductions as a result of additional amortization of R&D costs, which as a result of the U.S. tax law change, resulted in capitalization of such costs starting in 2022. At the bottom line, fourth quarter adjusted earnings per share was $3.38, a decrease of 4% versus prior year.The year-over-year decrease in EPS reflects dilution from the acquisition of Palette Life Sciences and the related incremental borrowings. Turning now to select balance sheet and cash flow highlights. Cash flow from operations for the 12 months was $511.7 million compared to $342.8 million in the prior year period. The $168.9 million increase was primarily attributable to lower tax payments, favorable changes in working capital and favorable operating results. The favorable changes in working capital were primarily driven by lower inventory purchases stemming from the buildup of inventory in the prior year due to elevated global supply chain volatility. Moving to the balance sheet. At the end of the fourth quarter, our cash balance was $222.8 million as compared to $292 million as of the end of 2022.For the 12 months, the decrease in cash is primarily due to payments to fund the Palette acquisition, partially offset by net proceeds from borrowings and operating cash flow. Net leverage at quarter end was approximately 1.9x. Inclusive of the acquisition of Palette Life Sciences, our financial position remains sound and continues to provide us flexibility to execute on our long-term capital allocation strategy. Turning now to financial guidance. Starting with a couple of discrete items for 2024. First, we continue to expect the Palette acquisition to be $0.35 dilutive to the company's adjusted earnings per share in 2024. Beginning in fiscal year 2025, the transaction is expected to be increasingly accretive to adjusted EPS. Second, as previously disclosed, the manufacturing transition services agreement with Medline associated with our sale of certain respiratory assets included in December 2023.Of note, Teleflex generated $75.7 million in revenues from the MSA in 2023, which will not repeat to 2024. Moving to our outlook for 2024. We are expecting 2024 constant currency revenue growth of 3.75% to 4.75%. The year-over-year growth includes the loss of the $75.7 million in MSA revenues, partly offset by the incremental revenues from Palette. Turning to foreign exchange. We assume approximately $5 million or 15 basis points headwind to revenue from foreign exchange translation in 2024. Our outlook for foreign exchange includes a euro to dollar exchange rate of approximately $1.08. Netting the loss of MSA revenues, the incremental Palette sales and foreign exchange headwinds represents an approximately 100 basis point year-over-year headwind to growth in 2024.Considering the foreign exchange outlook, we expect reported revenue growth of 3.6% to 4.6% in 2024, implying a dollar range of $3.082 billion to $3.111 billion. Turning to margins. We expect 2024 gross margin to be in the range of 60% to 60.75%. Our gross margin guidance reflects the year-over-year positive impacts from the termination of the MSA, manufacturing efficiencies, rights and the Palette acquisition, partially offset by inflation and the impact of changes in foreign currency exchange rates. We expect operating margin to be in the range of 26.25% to 26.75% for 2024. Our guidance reflects the flow-through of gross margin and the positive impact of restructuring, offset by the inclusion of operating expenses for Palette Life Sciences and investments to grow the business.Moving to items below the line. Net interest expense is expected to approximate $78 million for 2024. The majority of the year-over-year increase in our net interest expense outlook reflects the impact of borrowings associated with the Palette acquisition, partially offset by planned debt repayments during 2024. Our tax rate is expected to be approximately 12% for 2024, which reflects favorable mix offset by discrete items in 2023 that will not repeat in 2024, and the impact of Pillar 2 global minimum tax. We estimate the impact of Pillar 2 to add approximately 150 basis points to the 2024 tax rate. Turning to earnings. We expect 2024 adjusted earnings per share be in a range of $13.55 to $13.95. Our adjusted EPS outlook reflects $0.35 of dilution from the acquisition of Palette, $0.26 of dilution from the termination of the MSA and a $0.23 headwind associated with the year-over-year increase in our tax rate, primarily due to the Pillar 2 minimum tax.Relative to foreign exchange, although there is a negligible impact on revenue, the headwind to earnings per share is approximately $0.24 year-over-year. Based on current foreign exchange rates, we expect roughly half of the headwind to EPS to fall into the first quarter of 2024. When adjusting for these items, including the negative impact of foreign exchange, the underlying adjusted constant currency EPS growth is approximately 7% at the low end of guidance and 10% at the high end of guidance. Although we do not provide quarterly guidance for your modeling purposes, we expect reported revenues for the first quarter to be in a range of $725 million to $730 million, including a negligible foreign exchange impact year-over-year. That concludes my prepared remarks.I would now like to turn it back to Liam for closing commentary.Liam Kelly : Thanks, Tom. In closing, I will highlight our 3 key takeaways from the fourth quarter of 2023. First, we delivered on our financial commitments for 2023. For the year, constant currency revenues increased 6.5% and adjusted earnings per share were $13.52. Compared to our initial 2023 guidance, constant currency revenue growth exceeded our guidance, while adjusted earnings per share was at the high end of our range. Our execution remains strong. We are launching new products and our margins remain healthy. Second, the fourth quarter performance and stable to improving macro environment provides a solid foundation for growth as we head into 2024. Third, we will continue to focus on our strategy to drive durable growth.We will invest in organic growth opportunities and drive innovation over time, expand our margins and execute on our disciplined capital allocation strategy to enhance long-term value creation. The integration of Palette is progressing well and we expect the acquisition to be a meaningful contributor to our growth in the coming years. That concludes my prepared remarks. Now I would like to turn the call back to the operator for Q&A.See also 20 States Where Tax Filers Are Paying the Highest Percentage of Their Income and 25 Fastest Growing Economies in the Last 50 Years.To continue reading the Q&A session, please click here.

Insider Monkey

Teleflex Incorporated (NYSE:TFX) Q4 2023 Earnings Call Transcript

https://finance.yahoo.com/news/teleflex-incorporated-nyse-tfx-q4-171306164.html

f732a2f6-a2db-3aa9-939c-474491a3197f

TFX

Teleflex Inc (NYSE:TFX) demonstrates robust product innovation and market expansion strategies.Recent acquisitions and divestitures reflect a strategic focus on core medical device competencies.Global presence with a diversified portfolio positions Teleflex Inc (NYSE:TFX) well in the competitive medical device sector.Operational and supply chain risks, alongside competitive pressures, present ongoing challenges.Warning! GuruFocus has detected 2 Warning Signs with T.On February 23, 2024, Teleflex Inc (NYSE:TFX), a leading manufacturer of medical devices, released its annual 10-K filing, providing a comprehensive overview of its financial performance and strategic direction. The company, headquartered in Wayne, Pennsylvania, specializes in products for critical care and surgical applications, with a diverse portfolio that includes vascular access, interventional, anesthesia, and surgical devices. Teleflex Inc (NYSE:TFX) operates across seven segments, with a significant presence in the U.S., which accounts for 60% of its revenue. The company's financial tables reveal a commitment to growth through product development, acquisitions, and market expansion, while also highlighting the challenges of a competitive and dynamic global market.Decoding Teleflex Inc (TFX): A Strategic SWOT InsightStrengthsDiversified Product Portfolio and Market Presence: Teleflex Inc (NYSE:TFX) boasts a broad range of medical devices across multiple segments, ensuring resilience against market volatility. The company's products, such as the Arrow branded catheters and the UroLift System, cater to a variety of critical care and surgical procedures, reducing reliance on any single market or procedure. This diversification is further enhanced by a global footprint, with a significant portion of revenue generated from the U.S. market, providing stability and opportunities for growth in both established and emerging markets.Strategic Acquisitions and Divestitures: Teleflex Inc (NYSE:TFX) has a history of strategic acquisitions that have bolstered its product offerings and market reach. The acquisitions of NeoTract and Vascular Solutions have expanded the company's presence in the urology and vascular markets, respectively. Moreover, the divestiture of the respiratory product lines to Medline Industries in 2021 and 2023 demonstrates a strategic focus on optimizing the product portfolio and concentrating on areas with the highest growth potential.Story continuesWeaknessesOperational and Supply Chain Risks: Teleflex Inc (NYSE:TFX) faces operational challenges, including the risk of manufacturing or distribution interruptions and reliance on sole-source suppliers. The company's manufacturing processes are highly exacting due to strict regulatory requirements, and any disruptions could lead to product shortages and reputational damage. Additionally, the global supply chain is susceptible to external shocks, such as inflation, transportation constraints, and labor shortages, which could impact the cost and availability of raw materials and components.Competitive Market Conditions: The medical device industry is highly competitive, with constant pressure on pricing and the need for continuous innovation. Teleflex Inc (NYSE:TFX) operates in an environment where competitors may introduce new products that could erode the company's market share. The company must continually invest in research and development to maintain its competitive edge, which can strain financial resources and require careful management of R&D expenditures.OpportunitiesExpansion into Emerging Markets: Teleflex Inc (NYSE:TFX) has the opportunity to further penetrate emerging markets, where demand for medical devices is growing due to increasing healthcare expenditures and a rising middle class. By leveraging its existing product portfolio and tailoring offerings to meet local needs, Teleflex can capture additional market share and diversify its revenue streams even further.Innovation and New Product Development: Teleflex Inc (NYSE:TFX) has a strong focus on innovation, with a commitment to developing new products and enhancing existing ones. The company's research and development initiatives are geared towards creating cost-effective, innovative products that improve healthcare outcomes. By continuing to invest in R&D, Teleflex can introduce new technologies and extend its product lines, driving future growth.ThreatsRegulatory Risks and Healthcare Reform: Teleflex Inc (NYSE:TFX) operates in a highly regulated industry, and changes in healthcare laws or regulations can significantly impact its business. Healthcare reform initiatives, changes in Medicare, Medicaid, and third-party reimbursements, and new tax legislation can affect the company's profitability and operational strategies. Teleflex must navigate these regulatory landscapes carefully to ensure compliance and mitigate potential adverse effects.Intellectual Property Challenges: Protecting intellectual property is crucial for Teleflex Inc (NYSE:TFX), as it underpins the company's competitive advantage. The risk of patent infringement, whether intentional or accidental, can lead to costly litigation and damages. Teleflex must maintain robust legal defenses to protect its intellectual property rights and invest in securing patents for new innovations to safeguard its market position.In conclusion, Teleflex Inc (NYSE:TFX) exhibits a strong market position with a diversified product portfolio, strategic growth through acquisitions, and a focus on innovation. However, the company must address operational and supply chain vulnerabilities, navigate a competitive landscape, and manage regulatory and intellectual property risks. By leveraging its strengths and opportunities while mitigating weaknesses and threats, Teleflex Inc (NYSE:TFX) is well-positioned to continue its trajectory of growth and market leadership in the medical device industry.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Decoding Teleflex Inc (TFX): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-teleflex-inc-tfx-strategic-050831461.html

33e28cb8-136e-3741-b4fc-648553f6dc66

TFX

Teleflex TFX is likely to grow in the coming quarters, backed by strong growth in the Vascular business. Urolift is experiencing growth in the hospital setting, particularly in Japan, due to the recent commercialization of the system in the country. However, forex woes and competitive disadvantages remain concerning for the company.In the past six months, this Zacks Rank #3 (Hold) stock has gained 7.1% compared with the 14.9% rise of the industry and the 14.7% rise of the S&P 500 composite.The global provider of med-tech products has a market capitalization of $10.56 billion. Teleflex surpassed estimates in each of the trailing four quarters, delivering an average earnings surprise of 6.32%.Let’s delve deeper.TailwindsUrolift Prospects Strong: Teleflex continues to expand the foundation of clinical data that supports the use of UroLift as a safe and effective minimally invasive treatment for BPH.In the hospital setting, the company is witnessing consistent growth for UroLift. Outside the United States, UroLift’s recent commercialization in Japan has been a significant step to making this therapy more broadly available to men suffering from BPH. In the fourth quarter of 2023, Japan witnessed healthy revenue growth for UroLift.  The company is also proceeding with its plans of initial launch activities in China, with a focus on training surgeons and gaining reimbursements.Vascular Business Grows: Teleflex has been registering accelerated growth within its vascular product portfolio recently. The Vascular Access product category offers devices that facilitate a variety of critical care therapies and other applications with a focus on helping reduce vascular-related complications.During the fourth quarter of 2023, the company achieved double-digit growth in the underlying PICC business. It continued to execute launch activities for its next-generation Arrow VPS Rhythm DLX navigation device and the new Arrow PICC pre-loaded with the NaviCurve Stylet. Teleflex is poised to capture more market shares in peripheral access markets, backed by its new product initiatives.Story continuesBusiness in Asia Holds Long-Term Potential: The company has a solid market base for its Interventional Access and Anesthesia products in this region. In 2023, TFX generated 11.7% of total revenues from Asian regions.Zacks Investment ResearchImage Source: Zacks Investment ResearchDuring the fourth quarter of 2023, Asia business revenues increased 12.6% year over year. This upside was broad-based across the region and was backed by robust growth in Korea, India and China. The performance in the quarter was driven by strong commercial execution and solid underlying demand. Our model suggests Asia revenues will witness a 6.7% CAGR through 2026.DownsidesCompetitive Landscape Tough: Teleflex competes with companies ranging from small start-up enterprises to larger and more established companies that have access to significantly greater financial resources. Furthermore, extensive product research and development and rapid technological advances characterize the market in which it competes.Adverse Foreign Exchange Translation Risks: Foreign exchange is a major headwind for Teleflex because a considerable percentage of its revenues come from outside the United States. The strengthening of the Euro and some other developed market currencies has been constantly hampering the company’s performance in the international markets.Estimate TrendThe Zacks Consensus Estimate for TFX’s 2024 earnings per share (EPS) has moved down from $13.86 to $13.73 in the past 90 days.The Zacks Consensus Estimate for the company’s 2024 revenues is pegged at $3.09 billion. This suggests a 3.9% rise from the year-ago reported number.Key PicksSome better-ranked stocks in the broader medical space are Cardinal Health CAH, Stryker SYK and DaVita DVA. While Stryker carries a Zacks Rank #2 (Buy), Cardinal Health and DaVita sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.Cardinal Health’s stock has gained 59.5% in the past year. Earnings estimates for Cardinal Health have risen from $7.12 to $7.28 in fiscal 2024 and from $7.91 to $8.03 in fiscal 2025 in the past 30 days.CAH’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 15.6%. In the last reported quarter, it posted an earnings surprise of 16.67%.Estimates for Stryker’s 2024 earnings per share have increased from $11.84 to $11.86 in the past 30 days. The company's shares have moved 33.3% upward in the past year, compared with the industry’s rise of 10%.SYK’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 5.09%. In the last reported quarter, it delivered an average earnings surprise of 5.81%.Estimates for DaVita’s 2024 earnings per share have moved from $8.46 to $8.97 in the past 30 days. Shares of the company have increased 79% in the past year compared with the industry’s 24% rise.DVA’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 35.57%. In the last reported quarter, it delivered an average earnings surprise of 22.22%.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 reportStryker Corporation (SYK) : Free Stock Analysis ReportDaVita Inc. (DVA) : Free Stock Analysis ReportCardinal Health, Inc. (CAH) : Free Stock Analysis ReportTeleflex Incorporated (TFX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's Why You Should Retain Teleflex (TFX) Stock for Now

https://finance.yahoo.com/news/heres-why-retain-teleflex-tfx-131800431.html

94c1aa51-9817-38eb-abc0-3ea15f0653df

TGT

In this article, we discuss 13 best consumer cyclical dividend stocks to invest in. You can skip our detailed analysis of the consumer cyclical sector and its performance over the years, and go directly to read 5 Best Consumer Cyclical Dividend Stocks To Invest In. Consumer cyclical companies produce goods and services that are considered non-essential or discretionary, meaning consumers are more likely to purchase them when they have extra income or feel confident about their financial situation. Consumer cyclical stocks include companies in sectors such as retail, automotive, travel and leisure, entertainment, and luxury goods.Over the past year, we've seen clear evidence that consumers have remained strong despite challenges like high inflation, increasing interest rates, and greater recession concerns. This resilience notably buoyed the performance of stocks within the consumer discretionary sector, which includes businesses offering non-essential products and services such as apparel, automobiles, and accommodations. The S&P 500 Consumer Discretionary Index ended 2023 with a total return of 42.41%, reporting one of its best years on record. In addition to the support from a strong consumer base, the stocks in this sector also gained from broader market trends that propelled the overall stock market higher in 2023. These trends included relief as the Federal Reserve signaled the potential end of its rate-hiking cycle as the year progressed. Furthermore, sector-level performance was boosted by specific issues affecting some of the largest companies within it. Amazon.com, Inc. (NASDAQ:AMZN) and Tesla, Inc. (NASDAQ:TSLA), the two largest companies in the sector by a significant margin, have both seen remarkable gains in the past year, driven by the surge in mega-cap, tech-related stocks. Additionally, both companies are considered potential investment opportunities in the field of artificial intelligence.After experiencing robust performance in 2023, analysts are also showing a preference for the sector in the current year. Rob Haworth, senior investment strategy director at U.S. Bank Wealth Management, stated that consumers' willingness to sustain moderate spending growth has been crucial for the economy. He suggested that this could be attributed, at least in part, to the robust labor market and notable wage increases. Based on a Fidelity report, the performance of sectors is expected to be influenced by broader economic factors in 2024. If inflation remains low and the Federal Reserve stops raising interest rates, it could be advantageous for the sector, as consumers may be more inclined to buy expensive items like cars or homes. An even more positive scenario would be if the economy avoids a recession and job markets stay robust, which would particularly benefit this sector.Story continuesThe report highlighted that following the sector's strong performance in 2023, stock valuations are not as low as they were previously. However, there are still segments of the market where the firm has identified robust long-term growth prospects, and where stocks are trading at attractive prices. One ongoing area of opportunity includes certain retailers. These companies possess defensive characteristics within their business models, offering some protection in case of a deteriorating economic outlook.Another factor contributing to the positive outlook for the sector is that certain companies within it opt to distribute dividends when they maintain a steady cash flow and have a track record of sharing profits with shareholders. Apple Inc. (NASDAQ:AAPL), The Home Depot, Inc. (NYSE:HD), and NIKE, Inc. (NYSE:NKE) are some of the best consumer cyclical dividend stocks among others that are discussed below.Best Consumer Cyclical Dividend StocksImage by Steve Buissinne from PixabayOur Methodology:For this list, we scanned Insider Monkey’s database of Q4 2023 and selected consumer cyclical dividend stocks from the entertainment, technology, retail, housing, materials, and automotive industries. These companies are strong dividend payers and have decent yields. The stocks are ranked in ascending order of hedge funds having stakes in them. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).13. Foot Locker, Inc. (NYSE:FL)Number of Hedge Fund Holders: 24Foot Locker, Inc. (NYSE:FL) is a retail company primarily focused on athletic footwear and apparel. It operates thousands of retail stores globally, selling a wide range of athletic shoes, clothing, and accessories from various brands. The company currently pays a quarterly dividend of $0.40 per share and has a dividend yield of 4.92%, as of February 21. It is among the best dividend stocks from the consumer cyclical sector.At the end of Q4 2023, 24 hedge funds tracked by Insider Monkey reported having stakes in Foot Locker, Inc. (NYSE:FL), up from 23 in the previous quarter. The consolidated value of these stakes is roughly $764 million. Among these hedge funds, Vesa Equity Investment was the company's leading stakeholder in Q4.12. Leggett & Platt, Incorporated (NYSE:LEG)Number of Hedge Fund Holders: 24Leggett & Platt, Incorporated (NYSE:LEG) is a diversified manufacturer that produces a wide range of engineered components and products for various industries. The company currently pays a quarterly dividend of $0.46 per share and has a dividend yield of 8.99%, as of February 21. In 2023, it stretched its dividend growth streak to 52 years, which makes LEG one of the best dividend stocks on our list.The number of hedge funds tracked by Insider Monkey owning stakes in Leggett & Platt, Incorporated (NYSE:LEG) grew to 24 in Q4 2023, from 19 in the preceding quarter. These stakes have a collective value of over $123.6 million.11. Albemarle Corporation (NYSE:ALB)Number of Hedge Fund Holders: 27Albemarle Corporation (NYSE:ALB) is a global specialty chemicals company that develops, manufactures, and markets a wide range of products used in various industries. It is one of the best dividend stocks from the consumer cyclical sector as the company has been growing its dividends for the past 29 years. Currently, the company pays a quarterly dividend of $0.40 per share. The stock has a dividend yield of 1.39%, as of February 21.As of the close of Q4 2023, 27 hedge funds tracked by Insider Monkey reported having stakes in Albemarle Corporation (NYSE:ALB), down from 37 in the previous quarter. The total value of these stakes is more than $311 million.10. Tractor Supply Company (NASDAQ:TSCO)Number of Hedge Fund Holders: 30Tractor Supply Company (NASDAQ:TSCO) is an American retail chain that specializes in products for agriculture, livestock, pet care, and home improvement. On February 6, the company declared a 6.8% hike in its quarterly dividend to $1.10 per share. This marked the company's 15th consecutive year of dividend growth, which makes TSCO one of the best dividend stocks from the consumer cyclical sector. The stock's dividend yield on February 21 came in at 1.84%.As per Insider Monkey's database of Q4 2023, 30 hedge funds in Insider Monkey's database reported having stakes in Tractor Supply Company (NASDAQ:TSCO), up from 28 in the preceding quarter. The consolidated value of these stakes is over $545.2 million.9. Genuine Parts Company (NYSE:GPC)Number of Hedge Fund Holders: 36Genuine Parts Company (NYSE:GPC) is next on our list of the best dividend stocks from the consumer cyclical sector. The company is a leading distributor of automotive and industrial replacement parts, office products, and electrical materials. On February 15, the company declared a 5% hike in its quarterly dividend to $1.00 per share. This marked the company's 67th consecutive year of dividend growth. The stock's dividend yield on February 21 came in at 2.77%.At the end of December 2023, 36 hedge funds in Insider Monkey's database reported having stakes in Genuine Parts Company (NYSE:GPC), up from 34 in the previous quarter. The collective value of these stakes is over $535 million. With over 1 million shares, D E Shaw was the company's leading stakeholder in Q4.The London Company mentioned Albemarle Corporation (NYSE:ALB) in its Q4 2023 investor letter. Here is what the firm has to say:“Albemarle Corporation (NYSE:ALB) – ALB underperformed as weak lithium prices drove downward revisions to earnings expectations, and sentiment became more negative regarding demand for electric vehicles. Commodity prices are inherently uncertain, but we continue to view ALB-as a winner in this growing industry and favorably positioned on the cost curve. Our long- term view of ALB is not affected by short-term supply- demand dynamics for the commodity.”8. Ford Motor Company (NYSE:F)Number of Hedge Fund Holders: 40Ford Motor Company (NYSE:F) is one of the world's largest automotive manufacturers, renowned for producing automobiles, trucks, SUVs, and electric vehicles. The company currently offers a quarterly dividend of $0.15 per share. In addition to this, it also announced a supplemental dividend of $0.18 per share on February 6, which makes F one of the best dividend stocks on our list. As of February 21, the stock has a dividend yield of 4.90%.As of the end of the December quarter of 2023, 40 hedge funds tracked by Insider Monkey reported owning stakes in Ford Motor Company (NYSE:F), compared with 43 in the previous quarter. The consolidated value of these stakes is nearly $2 billion.7. Nucor Corporation (NYSE:NUE)Number of Hedge Fund Holders: 40Nucor Corporation (NYSE:NUE) is an American company that operates steel mills and manufacturing facilities across the country. The company also offers value-added services such as steel fabrication and downstream processing. On February 20, the company declared a quarterly dividend of $0.54 per share, which was in line with its previous dividend. Overall, the company has raised its dividends for 51 years in a row, which makes NUE one of the best dividend stocks from the consumer cyclical sector. The stock offers a dividend yield of 1.17%, as of February 21.Nucor Corporation (NYSE:NUE) ended the fourth quarter of 2023 with 40 hedge fund positions, up from 33 in the previous quarter, according to Insider Monkey's database. The stakes owned by these hedge funds have a consolidated value of more than $522.2 million.6. Target Corporation (NYSE:TGT)Number of Hedge Fund Holders: 58Target Corporation (NYSE:TGT) operates a chain of discount retail stores offering a wide range of products including apparel, accessories, beauty products, electronics, home goods, toys, groceries, and more. Currently, the company pays a quarterly dividend of $1.10 per share and has a dividend yield of 2.94%, as of February 21. With a dividend growth streak of 52 years under its belt, TGT is one of the best dividend stocks on our list.Target Corporation (NYSE:TGT) was a part of 58 hedge fund portfolios at the end of Q4 2023, which remained unchanged from the previous quarter, according to Insider Monkey's database. The consolidated value of stakes owned by these funds is over $1.5 billion. Click to continue reading and see 5 Best Consumer Cyclical Dividend Stocks To Invest In.  Suggested articles:13 High Growth Penny Stocks That Are Profitable19 Best Gambling Stocks to Buy Now11 Best Big Name Stocks to Buy Right NowDisclosure. None. 13 Best Consumer Cyclical Dividend Stocks To Invest In is originally published on Insider Monkey.

Insider Monkey

13 Best Consumer Cyclical Dividend Stocks To Invest In

https://finance.yahoo.com/news/13-best-consumer-cyclical-dividend-141700253.html

68660f31-ede4-3657-b1d5-9309d7f0efc7

TGT

The retail earnings scorecard will be completed in the next few weeks with 62% of the companies in the Zacks Retail-Wholesale Sector beating earnings estimates so far. Overall, operating conditions appear to be strengthening amid easing inflation. That said, reports from retail giants Lowe’s LOW and Target TGT are still to come with their results due on Tuesday, February 27, and Tuesday, March 5 respectively. With the retail earnings scorecard being favorable so far let’s see if now is a good time to buy Lowe's or Target stock.Zacks Investment ResearchImage Source: Zacks Investment ResearchLowe’s Q4 PreviewWall Street will be closely monitoring Lowe’s guidance tomorrow with fellow home improvement retailer Home Depot HD expecting a moderation in its growth despite exceeding its Q4 top and bottom line expectations last Tuesday. Lowe’s Q4 results are expected to reflect a slowdown on the horizon with earnings projected to drop -26% to $1.68 a share versus $2.28 per share in a very tough to-compete against prior-year quarter. Fourth quarter sales are expected at $18.34 billion compared to $22.45 billion last year. Still, Lowe’s has topped the Zacks EPS Consensus for 18 consecutive quarters dating back to August of 2019.Zacks Investment ResearchImage Source: Zacks Investment ResearchLowe’s valuation also stands out trading at 18.1X forward earnings which is a noticeable discount to Home Depot’s 24.1X and their Zacks Building Products-Retail Industry average of 21.4X. Notably, Lowe’s stock is up a respectable +13% over the last year although this has trailed Home Depot’s +25% and their Zacks Subindustry’s +24%.  Zacks Investment ResearchImage Source: Zacks Investment ResearchTarget Q4 PreviewWhile high post-pandemic demand may be winding down for home improvement retailers, Target’s rebound may just be underway. The omnichannel retailer has slowly but surely gotten issues with shrink under control along with previous inflationary pressures. Demand for Target’s higher-end consumer products is expected to return with many shoppers sticking or shifting to Walmart’s WMT more affordable pricing over the last few years.Story continuesTarget’s guidance will be closely watched as Walmart gave a modest outlook after joining Home Depot in topping its quarterly expectations last Tuesday as well. However, Target’s Q4 earnings are forecasted to jump 26% YoY to $2.38 per share with sales expected to rise over 1% to $31.88 billion. Furthemore, Target has topped earnings expectations in each of its last four quarterly reports posting an eye-catching average earnings surprise of 30.84%.Zacks Investment ResearchImage Source: Zacks Investment ResearchIn regards to valuation, Target's 16.5X forward earnings multiple is certainly intriguing. At the moment this is well below Walmart’s 25X and a 44% discount to its Zacks Retail-Discount Stores Industry average of 29.9X. This comes as Target’s stock is still down -10% over the last year but has risen +5% year to date.Zacks Investment ResearchImage Source: Zacks Investment ResearchBottom LineRelative to their retail peers, Lowe’s and Home Depot’s valuations are very attractive ahead of their quarterly reports. Target’s stock makes a stronger case for more upside and a sharper rebound landing a Zacks Rank #2 (Buy) while Lowe’s lands a Zacks Rank #3 (Hold).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 reportTarget Corporation (TGT) : Free Stock Analysis ReportLowe's Companies, Inc. (LOW) : Free Stock Analysis ReportWalmart Inc. (WMT) : Free Stock Analysis ReportThe Home Depot, Inc. (HD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Time to Buy Lowe's or Target Stock as They Round Out the Favorable Retail Earnings Season?

https://finance.yahoo.com/news/time-buy-lowes-target-stock-012900736.html

32845d3d-2362-3cb7-a93a-eb55c5336826

TGT

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.Why This 1 Growth Stock Should Be On Your WatchlistFor growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.Target (TGT)Target Corporation has evolved from just being a pure brick-&-mortar retailer to an omni-channel entity. The company has been making investment in technologies, improving websites and mobile apps and modernizing supply chain to keep pace with the changing retail landscape and better compete with pure e-commerce players. Its acquisition of Shipt to provide same-day delivery of groceries, essentials, home, electronics as well as other products is worth noting.TGT sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of A. Earnings and sales are forecasted to increase 3.8% and 0.2% year-over-year, respectively.10 analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.19 to $9.28 per share. TGT also boasts an average earnings surprise of 27.8%.Target is also cash rich. The company has generated cash flow growth of 1.6%, and is expected to report cash flow expansion of 26.3% in 2025.Investors should take the time to consider TGT for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.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 reportStory continuesTarget Corporation (TGT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio

https://finance.yahoo.com/news/why-1-growth-stock-could-134511852.html

8af3f6ca-8077-3ff3-9c0a-819223f9a89f

TGT

Fool.com contributor Parkev Tatevosian compares Walmart (NYSE: WMT) and Target (NYSE: TGT) to determine the better buy for passive income investors.*Stock prices used were the afternoon prices of March 9, 2024. The video was published on March 11, 2024.Should you invest $1,000 in Target right now?Before you buy stock in Target, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Target wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.See the 10 stocks*Stock Advisor returns as of March 11, 2024Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target and Walmart. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.Should Passive Income Investors Buy Walmart Stock Instead of Target Stock? was originally published by The Motley Fool

Motley Fool

Should Passive Income Investors Buy Walmart Stock Instead of Target Stock?

https://finance.yahoo.com/news/passive-income-investors-buy-walmart-211743832.html

222209eb-ad9e-3f20-97ef-dcb477296958

TJX

The TJX Companies, Inc. TJX is likely to register top-and bottom-line growth when it reports fourth-quarter fiscal 2024 earnings on Feb 28.The Zacks Consensus Estimate for revenues is pegged at $16.2 billion, suggesting an increase of 11.6% from the prior-year quarter’s reported figure. The consensus mark for fiscal 2024 revenues is pegged at $54 billion, suggesting an 8.2% rise from the year-ago period’s reported figure.  The Zacks Consensus Estimate for quarterly earnings has moved up by a penny in the last seven days to $1.12 per share, indicating a 25.8% growth from the year-ago quarter’s figure. The consensus mark for the fiscal 2024 bottom line is pegged at $3.76 per share, indicating an increase of 20.9% from the year-ago period’s reported figure. The off-price retailer has a trailing four-quarter earnings surprise of 6.3%, on average.The TJX Companies, Inc. Price and EPS Surprise The TJX Companies, Inc. Price and EPS SurpriseThe TJX Companies, Inc. price-eps-surprise | The TJX Companies, Inc. Quote Things To NoteThe TJX Companies is benefiting from strength in Marmaxx, buoyed by solid apparel and accessories categories’ sales. Robust momentum in its HomeGoods division, courtesy of the rise in customer traffic, bodes well.The company is committed to boosting growth through effective marketing initiatives and loyalty programs. Management is also on track with several initiatives to strengthen its e-commerce business. The continuation of these trends is likely to have aided The TJX Companies’ performance in the to-be-reported quarter.For the fourth quarter of fiscal 2024, management projects overall comparable store sales growth of 3-4%. For the quarter, the company anticipates earnings per share (EPS) between 97 cents and $1, reflecting year-over-year growth. The TJX Companies anticipates an adjusted pretax profit margin in the range of 10-10.2% for the quarter under review. For fiscal 2024, TJX Companies expects an overall comparable store sales increase of 4-5%. Management envisions fiscal 2024 adjusted EPS in the $3.61-$3.64 range compared with $3.11 reported in fiscal 2023.Yet, TJX Companies has been witnessing high costs of sales for a while. Rising selling, general and administrative expenses remain a concern for the company.Story continuesWhat the Zacks Model UnveilsOur proven model predicts an earnings beat for The TJX Companies this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.The TJX Companies has a Zacks Rank #3 and an Earnings ESP of +1.52% at present.Some Stocks With Favorable CombinationHere are some companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings this reporting cycle.The Gap, Inc. GPS currently has an Earnings ESP of +24.44% and sports a Zacks Rank of 1. GPS is likely to register a bottom-line increase when it reports fourth-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for quarterly EPS of 19 cents suggests a rise of 125.3% from the year-ago fiscal quarter’s reported number. You can see the complete list of today’s Zacks #1 Rank stocks here.The Gap’s top line is expected to decrease from the prior-year fiscal quarter’s reported number. The consensus estimate for quarterly revenues is pegged at $4.21 billion, suggesting a decline of 0.7% from the prior-year fiscal quarter’s reported figure. GPS has a trailing four-quarter earnings surprise of 137.9%, on average.Costco Wholesale COST has an Earnings ESP of +1.58% and a Zacks Rank of 2. COST is likely to register top-and bottom-line growth when it reports the second-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for Costco’s quarterly revenues is pegged at $59.2 billion, suggesting growth of 7.1% from that reported in the prior-year quarter.The Zacks Consensus Estimate for Costco’s earnings for the fiscal second quarter is pegged at $3.60 per share, indicating an increase of 9.1% from the year-ago period’s reported figure. COST delivered an earnings beat of 2.6%, on average, in the trailing four quarters.Burlington Stores BURL currently has an Earnings ESP of +1.27% and a Zacks Rank #3. The company is expected to register an increase in its bottom line when it reports fourth-quarter fiscal 2023 results. The Zacks Consensus Estimate for quarterly EPS of $3.25 suggests a rise of 9.8% from the year-ago quarter.Burlington Stores’ top line is anticipated to increase year over year. The consensus mark for revenues is pegged at $3.02 billion, indicating an increase of 9.9% from the figure reported in the year-ago quarter. BURL has a trailing four-quarter earnings surprise of 9.4%, on average.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.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 TJX Companies, Inc. (TJX) : Free Stock Analysis ReportCostco Wholesale Corporation (COST) : Free Stock Analysis ReportThe Gap, Inc. (GPS) : Free Stock Analysis ReportBurlington Stores, Inc. (BURL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Things to Note Before The TJX Companies (TJX) Q4 Earnings

https://finance.yahoo.com/news/things-note-tjx-companies-tjx-163400357.html

f4f5f3df-e440-34a3-aaba-4a9d06696450

TJX

Earnings season is winding down but that means we still have many of the retailers, who usually report at the end of earnings season, and some large cap technology companies yet to report.It’s not a quiet week for earnings. There are dozens of companies that are expected to report including big box retailers like Macy’s, Target and Lowe’s.But what about the red-hot companies?These five companies have great earnings surprise track records, including one that is perfect over the last 5 years. It’s not easy to beat every quarter, or nearly every quarter, for years especially in the middle of a pandemic.They are already breaking out to new highs and are up big in the last year. Will another beat push them even higher?This Week’s 5 Red-Hot Earnings Charts1.    Urban Outfitters, Inc. (URBN)Urban Outfitters operates Urban Outfitters, Anthropologie and Free People retail brands. It has beat 4 quarters in a row.Shares of Urban Outfitters have surged 71% over the last year and have busted out to new all-time highs. Yet it trades with a forward P/E of just 12.8. That makes it a value stock.Is Urban Outfitters too hot to handle this earnings season?2.    The TJX Companies, Inc. (TJX)The TJX Companies operates three big brands in the United States, including TJMaxx, Marshall’s and Home Goods. It has a great earnings surprise track record with 7 earnings beats in a row.Shares of The TJX Companies are up 29% over the last year and have busted out to new all-time highs. It’s not cheap, with a forward P/E of 24.Will The TJX Companies beat again this week?3.    Salesforce, Inc. (CRM)Salesforce has not missed on earnings in 5 years. That’s impressive at any time but certainly during a pandemic it’s even more so.Shares of Salesforce are up 80% over the last year but it is not quite back to 2021 highs. Salesforce is now trading with a forward P/E of 30.Story continuesWill Salesforce beat again and keep its perfect earnings record intact?4.    Autodesk, Inc. (ADSK)Autodesk has a great earnings surprise record with just 1 miss in the last 5 years and it was before the pandemic hit, in 2019. That’s impressive.Shares of Autodesk are up 33.4% in the last year. It’s not cheap. Autodesk now trades with a forward P/E of 32.Will Autodesk extend its earnings beat streak this week?5.    Dell Technologies Inc. (DELL)Dell Technologies has beat 7 quarters in a row and has only missed once in the last 5 years. What a great earnings surprise track record.Shares of Dell Technologies have soared 123% over the last year. But it’s still cheap, with a forward P/E of 12.7.Is Dell Technologies too hot to handle?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 reportSalesforce Inc. (CRM) : Free Stock Analysis ReportThe TJX Companies, Inc. (TJX) : Free Stock Analysis ReportDell Technologies Inc. (DELL) : Free Stock Analysis ReportUrban Outfitters, Inc. (URBN) : Free Stock Analysis ReportAutodesk, Inc. (ADSK) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

This Week's 5 Red-Hot Earnings Charts

https://finance.yahoo.com/news/weeks-5-red-hot-earnings-003500851.html

6b28bd7e-deb9-320e-8054-01f1e94c76cd

TJX

Wall Street has a habit of getting overly excited about things, often projecting strong financial performance over a quarter or two into the indefinite future. When this happens, investors sometimes push stock prices to levels that, in hindsight, appear unrealistic.TJX Companies (NYSE: TJX) is currently trading near all-time highs after posting strong fiscal 2024 results. Are investors too optimistic here about the future performance of this discount retailer?TJX had a very good yearIn the fiscal fourth quarter of 2024, TJX managed to grow same-store sales by 5%. That was above even the company's own internal expectations. It was, without question, a strong showing. Notably, the majority of the increase was driven by an increase in store traffic. In other words, more people were looking for the bargains that TJX offers its customers in its multiple brands of off-price stores, including T.J. Maxx, Marshalls, HomeGoods, HomeSense, Winners, and Sierra.TJX ChartClearly, the company's business model is resonating with people right now. Now add in the company's plans for new store openings, and the future does, indeed, look pretty bright. Wall Street has gotten behind the story, pushing the shares of this retailer up toward all-time highs.There's a potential problem here, however, when you start to look at valuation. For example, the price-to-sales ratio is near the highest level in the company's history. The only time it was higher was during the early days of the coronavirus pandemic when stores were shut down, sales fell dramatically, and valuations got materially distorted. Basically, Wall Street is placing an increasingly higher valuation on TJX shares when you examine this metric. Elevated price-to-earnings, price-to-book-value, and price-to-free cash flow ratios also suggest that the stock is fully valued, if not expensive, today.If Wall Street is overly optimistic about TJX's prospects, then everything has to go right for the shares to simply maintain the current elevation. To go higher might actually require outright improvements in the retailer's already strong performance.Story continuesWhat could go wrong here?That could be a problem. For starters, TJX is itself telling investors to temper expectations as fiscal 2025 gets underway. Specifically, management is looking for same-store sales to moderate from 5% growth to something between 2% and 3%. Taking the midpoint of that guidance, same-store sales growth could fall as much as 50% during the current fiscal year. That might be enough to make investors question the valuation they have afforded this retailer, even as it works to aggressively open new locations.There's another subtle issue here, as well. As noted above, most of the same-store sales growth was driven by new customers. Why? The answer is most likely that people are trying to stretch their buying power and, thus, shopping at off-price stores more than they have in the past. That's great for now, but if consumers begin to feel more confident again, they are likely to revert to their normal spending habits. That would mean returning to full-price stores, a change that could put downward pressure on TJX's same-store sales.TJX ChartThe bigger problem for investors is that a little negativity can go a long way on Wall Street once a stock's valuation gets stretched. TJX's business is doing well, and the company has proven that it knows how to execute. There's nothing inherently wrong with the business at all. But that doesn't mean that the stock can't fall, since even good companies can go through hard times at some point in their lives. Add in a lofty valuation, and you have a recipe for a material stock market decline. To that end, it is worth pointing out that the stock has seen multiple 25% or larger price pullbacks in its history.TJX is pricey, but that may changeGiven the valuation of TJX's stock right now, it is hard to suggest that investors should run out and buy it. High valuations can linger for long periods of time, but it is probably best to be patient and quell the feeling that you have somehow missed out.You would be better off waiting until the current run of strong business performance runs its course (which is highly likely at some point) and investors move on to more exciting stories. That will probably lead to a material stock pullback and an opportunity to buy a growing retailer with a solid business at an attractive price point. At the end of the day, overpaying for a good company can, effectively, turn it into a bad investment.Should you invest $1,000 in Tjx Companies right now?Before you buy stock in Tjx Companies, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Tjx Companies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.See the 10 stocks*Stock Advisor returns as of March 8, 2024Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool recommends Tjx Companies. The Motley Fool has a disclosure policy.Are Investors Expecting Too Much From TJX? was originally published by The Motley Fool

Motley Fool

Are Investors Expecting Too Much From TJX?

https://finance.yahoo.com/news/investors-expecting-too-much-tjx-181200801.html

9a20cb29-e516-3eb5-959e-2ab60ed9c9aa

TJX

In this article, we will discuss the 25 largest retailers in the U.S. and the world in 2024. This article will focus on recent industry trends and the major players in the retail industry. If you want to skip our analysis, you can proceed to the section highlighting the 5 Largest Retailers in the U.S. and the World in 2024.An Analysis of the Retail IndustryAccording to a report by Research and Markets, the global retail market was valued at $28.84 trillion in 2023, The market is expected to grow at a compound annual growth rate of 8.1% and is forecasted to reach $42.75 trillion by the end of 2028. The demand for supermarkets, hypermarkets, discount stores, and out-of-town retail parks is also on the rise. In 2023, the Asia-Pacific was the largest and fastest-growing region in the retail market due to its continued population and economic growth. Meanwhile, North America was the second-largest region in the retail market. Its saturated market stabilizes the global retail industry. The leading demand segments within the retail industry include pharmaceuticals, luxury goods, electronics and household appliances, furniture, and toys.According to an article by Deloitte, there are several key trends shaping the retail industry in 2024. These include the shift towards demand-driven retail, which focuses on catering to diverse consumer groups, and a trend towards hybrid retail which blends digital and physical channels to enhance consumer experiences. Additionally, companies are optimizing operations through supply chain automation and are utilizing robotics and artificial intelligence to automate their operations. Moreover, companies are also leveraging blockchain technology to improve the transparency of their supply chain operations.However, the global retail industry is currently facing challenges due to ongoing geopolitical conflicts. The Red Sea, which serves as the gateway to the southern entry of the Suez Canal, is one of the world's vital and heavily trafficked maritime routes. According to statistics by the Ministry of Foreign Affairs and Trade of New Zealand, around 12% of international trade passes through the Suez Canal, accounting for 30% of global container traffic and exceeding $1 trillion in goods annually. The canal reduces the maritime distance between Asia and Europe almost by half. The recent Middle East conflict has disrupted access to vital waterways due to Houthi rebel attacks on ships in the Red Sea. According to a report by Kiel Trade, the Red Sea's container shipment volume dropped to about 200,000 containers per day in December 2023, down from 500,0000 containers per day in November 2023, marking a 66% decline from the expected volume based on 2017 to 2019 data.Story continuesKey Players in the Retail IndustrySome of the largest players in the retail industry include Walmart Inc. (NYSE:WMT), Amazon.com Inc. (NASDAQ:AMZN), and CVS Health Corporation (NYSE:CVS).Walmart Inc. (NYSE:WMT) is one of the largest retailers in the U.S. and the world, operating hypermarkets, discount department stores, and grocery stores. Walmart Inc. (NYSE:WMT) has over 10,500 stores worldwide, and approximately 255 million customers visit these stores weekly. On February 20, 2024, Walmart Inc. (NYSE:WMT) released its results for the fiscal year 2024. Walmart Inc. (NYSE:WMT) generated a revenue of $648.1 billion, up 6% from $611.2 billion. The group's net income increased by 44.1% and amounted to $16.27 billion, up from $11.29 billion. The group's international sales climbed by more than 10%. Here is what Walmart Inc.’s (NYSE:WMT) President and CEO, Doug McMillon, had to say about the group's performance in its Q4 2024 earnings call:“Our team delivered a great quarter, finishing off a strong year. We drove sales growth of 4.9% and adjusted operating profit growth of 10.9% in constant currency. Highlights include: higher transaction counts and unit volumes; gains in market share in the U.S. and internationally; improved in-stock levels with inventory being in great shape and down versus last year; strong performance in Walmart U.S. customer experience scores, even during the high volume days before Christmas. Plus, this year, we passed $100  billion in global e-commerce sales for the first time. We had a very good holiday season. We were strong in the US, Mexico, Canada, and India, where we had the best Big Billion Days ever, and we continued the strong performance in China with the start of Chinese New Year.”CVS Health Corporation (NYSE:CVS) plays a vital role in the health and well-being of individuals and communities across the U.S. On January 25, 2024, CVS Health Corporation (NYSE:CVS) reported its collaboration with The Ohio State University Wexner Medical Center to form a new accountable care organization (ACO) named CVS ACO, LLC in central Ohio. By combining resources, CVS Health Corporation (NYSE:CVS) aims to enhance the quality of Medicare to meet each patient’s unique needs and emphasizes preventive wellness and treatment of chronic conditions.Amazon.com Inc. (NASDAQ:AMZN) is known for its innovations in the retail sector. Amazon.com Inc. (NASDAQ:AMZN) offers competitive prices, free shipping on many items, and frequent discounts, all of which position it as a top retailer for affordable shopping. Amazon.com Inc.’s (NASDAQ:AMZN) Prime membership program builds loyalty by offering members one-day doorstep delivery and exclusive perks. On February 1, 2024, Amazon.com Inc. (NASDAQ:AMZN) reported that its net sales surged by 12% to reach $574.8 billion in the year 2023, up from $514 billion in 2022. The group swung to profit and generated a net income of $30.4 billion, up from a net loss of $2.7 billion. Moreover, international sales increased by 11% year-over-year and amounted to $131.2 billion. Commenting on the financial results, Andrew R. Jassy, Amazon.com Inc. (NASDAQ:AMZN) President, CEO & Director, said:“Overall, we saw strong performance in the fourth quarter. Worldwide revenue was $170 billion, representing an increase of 13% year-over-year, excluding the impact of foreign exchange and approximately $3 billion above the top end of our guidance range. Saw our highest quarterly worldwide operating income ever, which was $13.2 billion for the quarter, an increase of $10.5 billion year-over-year and $2.2 billion above the high end of our guidance range. For the full year 2023, we had a meaningful improvement across our financial results. Revenue was $574.8 billion, an increase of 12% year-over-year, excluding the impact of foreign exchange. Operating income tripled year-over-year to $36.9 billion.”The retail industry is always evolving against consumer preferences, technological advancements, and market trends constantly shape the industry's trajectory. Today, as we delve into the largest retailers in the U.S. and the world, it's evident that innovation, strategic positioning, and customer-centric approaches define their success. With that said, here is the list of the 25 largest retailers in the U.S. and the world in 2024.25 Largest Retailers in the U.S. and the World in 2024A B2B food distributor making sure grocery shelves are fully stocked with food.Our MethodologyIn this article, we have listed the 25 largest retailers in the U.S. and the world in 2024 by revenue. To rank the largest companies, we first sifted through the Yahoo Finance and Finviz stock screeners to find the most prominent and largest retail companies. We then consulted the Fortune Global 500 list, which is an annual ranking of the world's largest corporations based on their fiscal year revenues. For companies that are publicly traded, we got their trailing twelve-month revenue from YCharts. Relevant data for some of the foreign publicly traded companies was not available at YCharts, therefore, we got their trailing twelve-month revenue from Yahoo Finance. For companies that are not publicly traded, we sourced their annual revenue for the most recent fiscal year from the Fortune Global 500 rankings or official company statements. We have listed the 25 largest retailers in the U.S. and the world by revenue below in ascending order of their trailing twelve-month revenue and annual revenue.25 Largest Retailers in the U.S. and the World in 202425. IKEA Annual Revenue 2023: $52.06 billionIKEA is a Dutch multinational company that designs and sells ready-to-assemble furniture, kitchen appliances, and home accessories. IKEA is one of the largest furniture retailers in the U.S. and the world. In the financial year 2023, IKEA's revenue amounted to $52.06 billion.24. The TJX Companies, Inc. (NYSE:TJX)Revenue: $52.32 billionThe TJX Companies, Inc. (NYSE:TJX) is an American multinational discount department store corporation operating various retail chains selling apparel and home goods. The TJX Companies, Inc. (NYSE:TJX) has over 4,800 stores and ranks among the 25 largest retail companies in the U.S. and the world. The TJX Companies, Inc.’s (NYSE:TJX) revenue for the twelve months that ended October 31, 2023 was $52.32 billion.23. Aeon Co., Ltd. (OTC:AONNY)Revenue: $66.27 billionAeon Co., Ltd. (OTC:AONNY) is a Japanese multinational retail and financial services company. It is one of the world's largest retailers in the U.S. and the world, operating various retail formats, including supermarkets, convenience stores, and department stores. Aeon Co., Ltd.’s (OTC:AONNY) latest trailing-twelve-month revenue is $64.05 billion, as of March 8, according to Yahoo Finance.22. Edeka Group Annual Revenue 2022: $71.75 billionThe Edeka Group is a private German chain of supermarkets, hypermarkets, discount stores, and cash-and-carry stores. It is a major player in the retail industry. The Edeka Group runs over 4,000 stores and online grocery services. Edeka generated a revenue of $71.75 billion in the financial year 2022.21. Albertsons Companies, Inc. (NYSE:ACI)Revenue: $79.16 billionAlbertsons Companies, Inc. (NYSE:ACI) is a prominent American food and drug retailer, which has grown to become one of the largest supermarket chains in the U.S. operating over 2,200 stores under various names. In recent years, Albertsons Companies, Inc. (NYSE:ACI) has introduced initiatives such as online ordering and delivery services, as well as the implementation of digital coupons and loyalty programs. Albertsons Companies, Inc.'s (NYSE:ACI) trailing twelve-month revenue, as of November 30, 2023, is $79.16 billion.20. Seven & I Holdings Co., Ltd. (OTC:SVNDY)Revenue: $76.98 billionSeven & I Holdings Co., Ltd. (OTC:SVNDY) is a Japanese diversified retail group with operations in convenience stores, supermarkets, department stores, and other retail businesses, it is one of the fastest-growing retail companies in the U.S. and the world. Seven & I Holdings Co., Ltd.’s (OTC:SVNDY) revenue for the fiscal 2023 is $76.98 billion.19. Tesco PLC (OTC:TSCDY)Revenue: $79.84  billionTesco PLC (OTC:TSCDY) is a British multinational grocery and general merchandise retailer operating supermarkets, convenience stores, and online grocery delivery services. For the twelve months ending August 31, 2023, Tesco PLC (OTC:TSCDY) generated a revenue of $79.84 billion.18. Lowe's Companies, Inc. (NYSE:LOW)Revenue: $86.37 billionLowe's Companies, Inc. (NYSE:LOW) is a leading American home improvement retailer specializing in a wide range of products for DIY enthusiasts and professional contractors. Lowe's Companies, Inc.’s (NYSE:LOW) revenue for the twelve months ending February 2, 2024 is $86.37 billion.17. Carrefour SA (EPA:CA)Revenue: $91.84 billionCarrefour SA (EPA:CA) is a French multinational retail corporation operating hypermarkets, supermarkets, and convenience stores. Carrefour SA (EPA:CA) has a significant international presence, with operations in various countries across Europe, Asia, and the Middle East. Carrefour SA reported an annual revenue of $91.84 billion for the financial year 2023.16. Rewe Group Annual Revenue 2022: $91.86 billionRewe Group is a German privately owned company, its immense operations range from supermarket chains to travel agencies across Germany. Rewe Group generated a revenue of $91.86 billion in the financial year 2022.15. LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTC:LVMUY)Revenue: $93.22 billionLVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTC:LVMUY) is a French multinational conglomerate. The company is headquartered in Paris, France, and it is one of the largest luxury goods retailers in the U.S. and the world. LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTC:LVMUY) owns a vast portfolio of luxury brands across various sectors including luxury leather goods, accessories, ready-to-wear clothing, and perfumes. The company has a trailing twelve-month revenue of $93.22 billion, as of June 30, 2023.14. Christian Dior SE (OTC:CHDRY)Revenue: $94.27  billionChristian Dior SE (OTC:CHDRY) is a renowned French luxury goods company, widely recognized for its high-end fashion, fragrance, makeup, and skincare products. The company is a global leader in ready-to-wear fashion, leather goods, and accessories. Christian Dior SE (OTC:CHDRY) owns prestigious luxury brands, including Christian Dior, Fendi, Givenchy, Kenzo, Loewe, and Celine. On January 25, Christian Dior SE (OTC:CHDRY) reported its 2023 revenue amounted to $94.27 billion.13. Koninklijke Ahold N.V. (AMS:AD)Revenue: $95.21 billionKoninklijke Ahold N.V. (AMS:AD) is a Dutch-Belgian multinational retail company operating supermarkets and e-commerce businesses. Koninklijke Ahold N.V. (AMS:AD) has a strong presence in Europe and the U.S. Koninklijke Ahold N.V.’s (AMS:AD) revenue for the twelve months ending September 30, 2023, is $95.21 billion12. Target Corporation (NYSE:TGT)Revenue: $107.41 billionTarget Corporation (NYSE:TGT) is an American retail corporation known for its wide range of products, including apparel, electronics, household essentials, groceries, and more. The company runs over 1,900 stores and is one of the largest retail companies in the U.S. Target Corporation (NYSE:TGT) has a trailing twelve-month revenue of $107.41 billion, as of January 31, 2024.11. Alibaba Group Holding Limited (NYSE:BABA)Revenue: $126.49 billionAlibaba Group Holding Limited (NYSE:BABA) is a Chinese multinational technology company specializing in e-commerce, retail, internet, and technology. Alibaba Group Holding Limited (NYSE:BABA) operates various online marketplaces and platforms, connecting businesses and consumers worldwide. Alibaba Group Holding Limited’s (NYSE:BABA) trailing twelve-month revenue, as of December 31, 2023 is $126.49 billion.10. AldiAnnual Revenue 2022: $130.40 billionAldi is a German multinational retailer and one of the largest privately held retail companies. Aldi has a discount supermarket chain operating with over 13,000 stores in various countries worldwide. In 2022, Aldi is one of the fastest-growing retailers in the U.S. and the world. Aldi is known for offering a limited selection of products at low prices. Aldi generated a revenue of $130.40 billion in 2022.9. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)Revenue: $142.40 billionWalgreens Boots Alliance, Inc. (NASDAQ:WBA) is an American holding company that owns Walgreens, a chain of drugstores, as well as other healthcare-related businesses. Walgreens Boots Alliance, Inc.’s (NASDAQ:WBA) revenue for the twelve months ending November 30, 2023, is $142.40 billion.8. The Kroger Co. (NYSE:KR)Revenue: $147.79 billionThe Kroger Co. (NYSE:KR) is a prominent American retail company, known for operating more than 2,800 grocery stores and supermarkets across the U.S. The Kroger Co.’s (NYSE:KR) revenue for the twelve months ending October 31, 2023, is $147.79 billion.7. JD.com, Inc. (NASDAQ:JD)Revenue: $148.73 billionJD.com, Inc. (NASDAQ:JD) also known as Jingdong is a leading Chinese e-commerce company, specializing in online retail, technology, and logistics services. JD.com, Inc. (NASDAQ:JD) has a trailing twelve-month revenue of $148.73 billion, as of September 30, 2023.6. The Home Depot, Inc. (NYSE:HD)Revenue: $153.71 billionThe Home Depot, Inc. (NYSE:HD) is an American home improvement retail company with over 2,300 retail stores worldwide. The Home Depot, Inc. (NYSE:HD) offers various home improvement and construction products along with installation services. For the twelve months ending October 31, 2023, The Home Depot, Inc. (NYSE:HD) generated a revenue of $153.71 billion. Click to continue reading 5 Largest Retailers in the U.S. and the World in 2024.Suggested Articles:20 Most Valuable Space Companies in the World20 Most Valuable Electric Car Companies in the World12 Best EV Stocks To Buy in 2024Disclosure: None. 25 Largest Retailers in the U.S. and the World in 2024 is originally published at Insider Monkey.

Insider Monkey

25 Largest Retailers in the U.S. and the World in 2024

https://finance.yahoo.com/news/25-largest-retailers-u-world-104441515.html

db3c379a-9bcb-37f6-9315-32dd50d8d4ea

TMO

Thermo Fisher Scientific Inc demonstrates robust market presence with diverse product offerings across multiple segments.Investment in research and development is key to maintaining the company's competitive edge in technology and innovation.Global economic conditions and competition pose significant threats to Thermo Fisher Scientific Inc's growth trajectory.Strategic acquisitions and expansions present opportunities for market dominance and diversification.Warning! GuruFocus has detected 8 Warning Sign with TMO.On February 22, 2024, Thermo Fisher Scientific Inc (NYSE:TMO) filed its 10-K report, providing a comprehensive overview of its financial and operational performance. As a leading provider of scientific instruments, laboratory equipment, diagnostics consumables, and life science reagents, Thermo Fisher Scientific Inc operates through four primary segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services. The company's financial tables reveal a strong balance sheet, with significant investments in research and development to foster innovation and maintain a competitive edge. The following SWOT analysis delves into the strengths, weaknesses, opportunities, and threats as presented in the 10-K filing, offering investors a detailed perspective on the company's strategic position.Decoding Thermo Fisher Scientific Inc (TMO): A Strategic SWOT InsightStrengthsMarket Leadership and Diversification: Thermo Fisher Scientific Inc's diverse portfolio across multiple segments, including Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services, underscores its market leadership. The company's broad range of products and services caters to a wide array of customers in pharmaceutical, biotechnology, academic, government, and healthcare sectors. This diversification not only mitigates risks associated with market fluctuations but also provides a stable revenue stream. For instance, the Life Sciences Solutions segment alone contributes significantly to the company's sales, highlighting its dominance in the field of biological and medical research.Story continuesInvestment in Innovation: Thermo Fisher Scientific Inc's commitment to innovation is evident through its substantial research and development expenditures. The company's focus on developing new products and entering new business segments is crucial for maintaining technological leadership. The continuous flow of innovative products ensures that Thermo Fisher Scientific Inc stays ahead of the curve, meeting the evolving needs of its customers and maintaining its competitive position.WeaknessesDependence on Economic Conditions: While Thermo Fisher Scientific Inc has a strong market presence, its performance is not immune to global economic conditions. The 10-K filing indicates that inflationary pressures and economic instability could adversely affect the company's business, potentially reducing demand for its products and services. This economic sensitivity may lead to increased order cancellations, supply interruptions, and pressure on product pricing, which could impact the company's financial health.Competition and Customer Relationships: The competitive landscape in which Thermo Fisher Scientific Inc operates is aggressive, with the company facing competition from a broad range of manufacturers, distributors, and service providers. Additionally, the company's relationships with large customers and suppliers, who may also be competitors, present a delicate balance that could affect short-term results if these relationships are disrupted.OpportunitiesStrategic Acquisitions: Thermo Fisher Scientific Inc's growth strategy includes the acquisition of complementary technologies and businesses. These strategic acquisitions have the potential to augment the company's existing product lines, expand its market reach, and enhance its technological capabilities. Successful integration of these acquisitions could lead to increased market share and revenue growth.Expansion in Emerging Markets: The company's intention to strengthen its presence in selected geographic markets presents significant growth opportunities. By tapping into emerging markets and developing regions, Thermo Fisher Scientific Inc can leverage its extensive product portfolio to meet the growing demand for scientific and diagnostic solutions, thereby driving internal growth and expanding its global footprint.ThreatsTechnological Advancements by Competitors: The rapid pace of technological change in the industries Thermo Fisher Scientific Inc serves poses a threat to its market position. Competitors may introduce new products and technologies that could render the company's offerings obsolete. Staying at the forefront of innovation is crucial to prevent loss of market share and revenue decline.Regulatory and Cybersecurity Risks: Thermo Fisher Scientific Inc operates in a highly regulated environment, with data privacy and cybersecurity laws impacting its business operations. Any breach of security or failure to comply with regulations could result in legal consequences, reputational damage, and financial penalties, adversely affecting the company's business and financial results.In conclusion, Thermo Fisher Scientific Inc (NYSE:TMO) exhibits a strong market presence and a commitment to innovation, which are key strengths in driving its success. However, economic sensitivity and competitive pressures highlight areas of vulnerability. Opportunities for growth through strategic acquisitions and market expansion are promising, yet the company must navigate threats from technological advancements by competitors and regulatory challenges. Overall, Thermo Fisher Scientific Inc's strategic focus and financial health position it well to leverage its strengths and opportunities while addressing its weaknesses and threats.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Decoding Thermo Fisher Scientific Inc (TMO): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-thermo-fisher-scientific-inc-050219422.html

15556346-3553-3ab9-b3a0-9e6bd1ecb6ef

TMO

In this article, we discuss 14 best S&P 500 dividend stocks to invest in 2024. You can skip our detailed analysis of dividend stocks in the S&P 500 and their performance over the years, and go directly to read 5 Best S&P 500 Dividend Stocks To Invest In 2024. In 2023, despite the presence of higher interest rates, consumers remained unfazed, and investors displayed more optimism than apprehension, largely fueled by the excitement surrounding advancements in artificial intelligence (AI). Consequently, the S&P 500 experienced a remarkable surge, gaining over 24% last year. This surge was primarily attributed to the dominance of what has been dubbed the "Magnificent Seven." These seven major companies, which include Amazon.com, Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL), and NVIDIA Corporation (NASDAQ:NVDA), played a pivotal role in driving the S&P 500's performance, contributing significantly to its overall returns. On the flip side, a staggering 72% of stocks failed to match the performance of the S&P 500 index, setting a new record for underperformance. Additionally, dividend-paying stocks experienced a downturn in 2023, paving the way for the dominance of technology equities. Despite this, the stock market returns throughout the year were both exceptional and notably robust in comparison to historical trends.Despite their recent lackluster performance, dividends remain a crucial aspect of returns for equity investors and have garnered considerable attention in capital markets research. The appeal of dividend-paying stocks is substantial, and rightfully so as they have the potential to significantly enhance long-term investment outcomes. This general observation has been well-documented across various periods and global markets. For instance, one study analyzed the components contributing to total equity returns of U.S. stocks spanning from 1802 to 2002. It revealed that dividends, along with real growth in dividends, constituted a substantial portion, accounting for 5.8% of the total annualized return of 7.9% over 200 years. Another study, conducted from a global perspective by researchers at the London Business School, examined data from 1900 to 2005 across 17 countries. It found that the real return averaged around 5%, with an average dividend yield of 4.5% during that timeframe. These findings provide compelling evidence for the significance of dividends for long-term investors.Story continuesYet another report from S&P Dow Jones Indices provided insight into the enduring impact of dividend-paying equities over the long term. This report emphasized that since 1926, dividends have played a significant role, contributing roughly 32% of the total return for the S&P 500, with capital appreciations making up the remaining 68%. Hence, both sustainable dividend income and the potential for capital appreciation are key considerations for forming expectations regarding total returns. Furthermore, the growth of dividends proves to be beneficial for investors. Over an extended period, the S&P 500 Dividend Aristocrats, which monitors the performance of companies with 25 or more consecutive years of dividend growth, has surpassed the S&P 500 index while exhibiting lower volatility, indicating higher risk-adjusted returns. The S&P 500 Dividend Aristocrats' ability to mitigate losses can be observed through its upside and downside capture ratios. According to a report by S&P Dow Jones Indices, it has outperformed the S&P 500 in down months 69.34% of the time and in up months 43.61% of the time from December 29, 1989, to July 31, 2023. Additionally, it's worth noting that the S&P 500 Dividend Aristocrats experienced lower drawdown levels compared to the benchmark index.Considering these points, let's explore some of the top S&P 500 dividend-paying stocks.14 Best S&P 500 Dividend Stocks To Invest In 2024Image by Sergei Tokmakov Terms.Law from PixabayOur Methodology: To create this list, we first examined the S&P 500 stocks based on their weight in the index and picked the top 25 stocks that consistently distribute dividends to their shareholders. Among these, we chose 13 stocks that garnered the most attention from hedge fund investors by the conclusion of Q4 2023, using data from Insider Monkey’s database. The stocks are ranked in ascending order of the number of hedge funds having stakes in them. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).14. The Home Depot, Inc. (NYSE:HD)Number of Hedge Fund Holders: 70The Home Depot, Inc. (NYSE:HD) is a multinational home improvement retailer. It operates a chain of retail stores that offer a wide range of products and services for home improvement, construction, and renovation projects. On February 20, the company declared a 7.7% hike in its quarterly dividend to $2.25 per share. Through this increase, the company stretched its dividend growth streak to 14 years, which makes HD one of the best dividend stocks on our list. The stock's dividend yield on February 26 came in at 2.42%.At the end of Q4 2023, 70 hedge funds tracked by Insider Monkey reported having stakes in The Home Depot, Inc. (NYSE:HD), compared with 76 in the previous quarter. The consolidated value of these stakes is nearly $6 billion.13. The Procter & Gamble Company (NYSE:PG)Number of Hedge Fund Holders: 71The Procter & Gamble Company (NYSE:PG) is a multinational consumer goods corporation. It manufactures and sells a wide range of branded consumer packaged goods, including personal care products, grooming products, household cleaning agents, baby care products, and health care products. It currently pays a quarterly dividend of $0.9407 per share and has a dividend yield of 2.34%, as of February 26. With a dividend growth streak of 67 years, PG is one of the best S&P 500 dividend stocks on our list.As of the close of Q4 2023, 71 hedge funds in Insider Monkey's database owned stakes in The Procter & Gamble Company (NYSE:PG), compared with 75 in the preceding quarter. The collective value of these stakes is roughly $6 billion. Among these hedge funds, Fisher Asset Management was the company's leading stakeholder in Q4.12. Broadcom Inc. (NASDAQ:AVGO)Number of Hedge Fund Holders: 91Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company currently pays a quarterly dividend of $5.25 per share, having raised it by 14% in December 2023. It has been growing its dividends consistently for the past 13 years, which makes AVGO one of the best dividend stocks on our list. As of February 26, the stock has a dividend yield of 1.62%.The number of hedge funds tracked by Insider Monkey owning stakes in Broadcom Inc. (NASDAQ:AVGO) grew to 91 in Q4 2023, from 87 in the previous quarter. These stakes are collectively valued at over $8.8 billion.11. Bank of America Corporation (NYSE:BAC)Number of Hedge Fund Holders: 96Bank of America Corporation (NYSE:BAC) is one of the largest financial institutions in the US and globally. It operates as a diversified financial services company, offering a wide range of banking and financial products and services to its consumers. On January 24, the company declared a quarterly dividend of $0.24 per share, which was in line with its previous dividend. The company has a 24-year run of paying regular dividends to shareholders, which makes BAC one of the best dividend stocks on our list. As of February 26, the stock has a dividend yield of 2.83%.Bank of America Corporation (NYSE:BAC) ended the fourth quarter with 96 hedge fund positions, up from 88 in the previous quarter, according to Insider Monkey's database. The consolidated value of these stakes is nearly $40 billion. With over 1 billion shares, Warren Buffett's Berkshire Hathaway was the company's leading stakeholder in Q4.10. Merck & Co., Inc. (NYSE:MRK)Number of Hedge Fund Holders: 98Merck & Co., Inc. (NYSE:MRK) is next on our list of the best S&P 500 dividend stocks. The pharmaceutical and medical device company currently offers a quarterly dividend of $0.77 per share and has a dividend yield of 2.38%, as of February 26. The company has been rewarding shareholders with growing dividends for the past 13 years.Merck & Co., Inc. (NYSE:MRK) saw growth in hedge fund positions at the end of Q4 2023, as 98 funds owned stakes in the company, up from 85 in the previous quarter, according to Insider Monkey's database. The overall value of these stakes is over $7.16 billion.9. Oracle Corporation (NYSE:ORCL)Number of Hedge Fund Holders: 100Oracle Corporation (NYSE:ORCL) is a multinational technology company that specializes in developing and marketing enterprise software products, cloud computing solutions, and hardware systems. The company pays a quarterly dividend of $0.40 per share and has raised its dividends for eight years in a row. The stock's dividend yield on February 26 came in at 1.43%.Oracle Corporation (NYSE:ORCL) was a part of 100 hedge fund portfolios at the end of Q4 2023, jumping from 88 in the preceding quarter, as per Insider Monkey's database. The stakes owned by these hedge funds have a collective value of over $6.4 billion. With over 18.5 million shares, First Eagle Investment Management was the company's leading stakeholder in Q4.8. Eli Lilly and Company (NYSE:LLY)Number of Hedge Fund Holders: 102Eli Lilly and Company (NYSE:LLY) is a multinational pharmaceutical company that focuses on the discovery, development, manufacturing, and marketing of innovative pharmaceutical products to address various medical conditions and diseases. The company's current quarterly dividend comes in at $1.30 per share for a dividend yield of 0.67%, as of February 26. It is one of the best dividend stocks on our list as the company maintains a 10-year streak of consistent dividend growth.At the end of Q4 2023, 102 hedge funds tracked by Insider Monkey reported having stakes in Eli Lilly and Company (NYSE:LLY), which remained unchanged from the previous quarter. The collective value of these stakes is more than $11 billion.7. JPMorgan Chase & Co. (NYSE:JPM)Number of Hedge Fund Holders: 103An American financial services company, JPMorgan Chase & Co. (NYSE:JPM) pays a quarterly dividend of $1.05 per share. During the fourth quarter of 2023, the company returned $3.1 billion to shareholders through dividends, which makes JPM one of the best dividend stocks on our list. The stock offers a dividend yield of 2.28%, as of February 26.Insider Monkey's database of Q4 2023 indicated that 103 hedge funds owned stakes in JPMorgan Chase & Co. (NYSE:JPM), compared with 109 in the preceding quarter. The total value of these stakes is more than $9 billion. Ken Fisher's Fisher Asset Management was the company's leading stakeholder in Q4.6. Thermo Fisher Scientific Inc. (NYSE:TMO)Number of Hedge Fund Holders: 111Thermo Fisher Scientific Inc. (NYSE:TMO) ranks sixth on our list of the best dividend stocks in the S&P 500. The multinational biotech and life sciences company declared an 11.4% hike in its quarterly dividend to $0.39 per share. Through this increase, the company achieved its seventh annual consecutive dividend hike. The stock has a dividend yield of 0.28%, as of February 26.As of the end of Q4 2023, 111 hedge funds tracked by Insider Monkey owned stakes in Thermo Fisher Scientific Inc. (NYSE:TMO), up from 109 in the previous quarter. The collective value of these stakes is over $10.3 billion. Click to continue reading and see 5 Best S&P 500 Dividend Stocks To Invest In 2024.  Suggested articles:Bill Gates’ 16 Dividend Stocks To BuyJim Cramer Says Do Not Buy These 11 StocksKen Fisher Portfolio: 12 Biggest PositionsDisclosure. None. 14 Best S&P 500 Dividend Stocks To Invest In 2024 is originally published on Insider Monkey.

Insider Monkey

14 Best S&P 500 Dividend Stocks To Invest In 2024

https://finance.yahoo.com/news/14-best-p-500-dividend-181946918.html

7f4addf3-4092-3849-bc90-6e92ab735dd7

TMO

Thermo Fisher Scientific TMO announced the launch of a new CorEvitas syndicated clinical registry in generalized pustular psoriasis (GPP). The new registry, which is open to enrollment, is CorEvitas’ 10th syndicated disease registry and addresses an unmet need for real-world evidence related to the clinical and patient-reported outcomes of patients with GPP.For investors’ note, Thermo Fisher’s August 2021 acquisition of CorEvitas has expanded the company’s Laboratory Products and Biopharma Services segment with highly complementary real-world evidence solutions to improve decision-making and reduce the time and cost of drug development. The recent development comes as a strong boost for the PPD clinical research business within this division.News in DetailThe rare GPP disease affects an estimated one out of every 10,000 people in the United States, with most studies showing that it affects more women than men. It is characterized by the sudden widespread eruption of rash and sterile pustules, with or without systemic inflammation, recurring from once a year to more than three times a year. These flares are often accompanied by severe complications, which can be life-threatening if left untreated.Zacks Investment ResearchImage Source: Zacks Investment ResearchResearchers and healthcare professionals have made significant progress with the therapy and control of comorbidities of GPP and look forward to making further advances as they continue to learn about this devastating disease. The new CorEvitas clinical registry will prospectively collect detailed patient-level data, enabling assessment of the natural history of the disease and treatment patterns, along with the prevalence and incidence of comorbidities in patients with the disease.Granular, longitudinal outcome measures will be collected during registry visits, some of which include clinician-reported GPP outcomes, lab measures and treatment history, as well as patient-reported outcomes assessing symptom impact and quality of life. Drug safety data will also be collected, including serious adverse events and other adverse events of special interest.Story continuesIndustry ProspectsAccording to a research report, the global real-world evidence solutions market is expected to be worth $2 billion in 2024 and is likely to witness a CAGR of 16.5% in the 2024-2029 period.Progress in the Laboratory Products and Biopharma Services DivisionLast month, the company’s PPD business expanded its portfolio of services at its good manufacturing practices (GMP) lab in Middleton, WI, with the addition of mycoplasma and additional biosafety testing capabilities. The new service ensures biopharmaceutical products are free of contaminants, helping customers deliver safe medicines for patients.In January 2024, the company received GMP approval from the Italian Medicines Agency for its manufacturing facility of RNA-based products in Monza, Italy. The approval and associated certification support increased accessibility to novel therapies for patients with difficult-to-treat conditions, marking a significant achievement within the Thermo Fisher Scientific network and for Italy as a whole.Price PerformanceIn the past six months, TMO shares have gained 17% compared with the industry’s rise of 14.9%.Zacks Rank and Key PicksThermo Fisher currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader medical space are Cardinal Health CAH, Stryker SYK and DaVita DVA. While Stryker carries a Zacks Rank #2 (Buy) at present, Cardinal Health and DaVita sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.Cardinal Health’s stock has gained 64.2% in the past year. Earnings estimates for Cardinal Health have risen from $7.12 to $7.28 in fiscal 2024 and from $7.91 to $8.03 in fiscal 2025 in the past 30 days.CAH’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 15.6%. In the last reported quarter, it posted an earnings surprise of 16.67%.Estimates for Stryker’s 2024 earnings per share have increased from $11.84 to $11.86 in the past 30 days. Shares of the company have moved 34.2% upward in the past year compared with the industry’s rise of 11.3%.SYK’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 5.09%. In the last reported quarter, it delivered an average earnings surprise of 5.81%.Estimates for DaVita’s 2024 earnings per share have moved from $8.46 to $8.97 in the past 30 days. Shares of the company have gained 80.1% in the past year compared with the industry’s 27.1% rise.DVA’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 35.57%. In the last reported quarter, it delivered an average earnings surprise of 22.22%.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 reportStryker Corporation (SYK) : Free Stock Analysis ReportDaVita Inc. (DVA) : Free Stock Analysis ReportThermo Fisher Scientific Inc. (TMO) : Free Stock Analysis ReportCardinal Health, Inc. (CAH) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Thermo Fisher (TMO) Unveils CorEvitas Clinical Registry in GPP

https://finance.yahoo.com/news/thermo-fisher-tmo-unveils-corevitas-142000638.html

b0e3dafd-1c31-3088-9683-0f2bf644dd04

TMO

In this article, we list the 30 Unhappiest Cities in America. If you would like to skip our detailed analysis of the topic, you can go directly to the 10 Unhappiest Cities in America.According to a 2022 report published by Oracle, 45% of people have not felt true happiness for more than two years, while 25% have forgotten what it means to feel truly happy. While happiness is subjective, several factors play a part in making people unhappy. For instance, a research paper by NBER finds that the population density of an area and happiness in communities are closely linked. It finds that average population density in the 20% of most miserable communities in Canada was more than eight times greater than in the happiest 20% of communities. Therefore concluding that living in highly dense cities like metropolitan areas reduces average happiness levels.Additionally, economic well-being has a major effect on happiness as well, especially in urban living. Although there is a common perception that cities offer amenities that lead to happiness, there’s evidence that urban living does not necessarily mean more happiness in individuals. According to the NIH study, happiness and well-being increase as income increases. In the study, the researchers decided to look at incomes above and below $100,000 per year. They found out that those American participants making less than $100,000 per year get unhappier as income decreases. On the contrary, those making more than $100,000 per year are less miserable, and once incomes cross $100,000 per year and people make more money, the level of peak happiness grows even faster. However, while higher income does buy you happiness, other mental-health deteriorating factors in cities, like high costs of living, greater inequality, social isolation, noise, and pollution, can offset the benefits of higher incomes. But for many people, especially Gen Z and Millennials, emotional and physical well-being is more important than job perks such as high salary. According to the Securian Financial survey, 73% of Generation Z and 74% of Millennial employees have utilized the mental health benefits that their employers offered. Story continuesPeople are realizing now more than ever before the importance of happiness and its effect on their emotional and physical well-being. Happiness brings out positive emotions, produces a pleasant mood, and makes your attitude soft towards yourself and others around you. Additionally, happiness protects the heart physically by lowering heart rate, blood pressure, and stress hormone levels. Safe to say, happiness is not only a state of mind but also a crucial component for maintaining physical health.However, many cities in the United States lack factors that would make residents happy, such as pedestrian-friendly infrastructure. The lack of such infrastructure discourages physical activity among the residents, and further hurts the air quality of the area by promoting high use of vehicles. Moreover, the lack of affordable healthcare services is also a significant factor contributing to unhappiness among the residents. Some of the leading healthcare companies that are actively investing in urban areas include Thermo Fisher Scientific Inc. (NYSE:TMO), UnitedHealth Group (NYSE:UNH), and Johnson & Johnson (NYSE:JNJ).Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the leading companies in investing in diagnostics, and healthcare solutions. It made huge investments at the peak of COVID-19, such as opening a new cGMP plasmid DNA manufacturing facility in Carlsbad, California, in 2021. Earlier in the same year, Thermo Fisher Scientific Inc. (NYSE:TMO) announced more than $600 million in capital investments to expand its bioprocessing production capabilities through 2022. Moreover, in 2022, the company announced a $59 million investment in Kentucky’s healthcare sector, which will create 200 full-time jobs that will pay an average of $41 per hour. Meanwhile, UnitedHealth Group (NYSE:UNH), an American multinational health insurance and services company, made significant investments in cities in the United States, focusing on various initiatives to address community needs. One of the notable investments includes a $25 million commitment to the Healthy Neighborhoods Equity Fund II (HNEF II) in Boston to finance mixed-use developments that offer retail, housing, and social services. The aim behind this investment is to promote healthier communities. UnitedHealth Group (NYSE:UNH) recognizes that access to affordable housing will improve community health outcomes and help people live healthier and happier lives.On the other hand, Johnson & Johnson (NYSE:JNJ) has a strong reputation for various initiatives and healthcare investments. A couple of days ago (March 7, 2024), Johnson & Johnson (NYSE:JNJ) announced a successful acquisition of a clinical-stage biopharmaceutical company, Ambrx Biopharma, Inc. The newly acquired company has a synthetic biology technology platform that will help design and develop next-generation antibody-drug conjugates (ADCs). This acquisition is completed in an all-cash merger transaction for a total equity value of approximately $2.0 billion.30 Unhappiest Cities in America30 Unhappiest Cities in AmericaOur MethodologyFor our list of 30 Unhappiest Cities in America, we have considered the emotional and physical well-being of residents, income, employment, community, and environment of each city. Sourcing our data from 8 different sources (1,2,3,4,5,6,7,8), we assigned scores and weights to each of the above metrics. For emotional and physical well-being we assigned a weight of 70%, for income and employment, and for community and environment, we assigned a weight of 15% to each. We then averaged out the weighted scores and shortlisted the top thirty cities with the highest averages as they represented the cities with the highest rates of unhappiness. For our scoring, we have also considered three of our own lists. Namely, 25 Poorest Cities In The US That Are Getting Poorer, 20 Cities With The Highest Cost of Living in the US, and 30 Most Crime Ridden Cities in America.By the way, Insider Monkey is an investing website that uses a consensus approach to identify the best stock picks of more than 900 hedge funds investing in US stocks. The website tracks the movement of corporate insiders and hedge funds. Our top 10 consensus stock picks of hedge funds outperformed the S&P 500 stock index by more than 140 percentage points over the last 10 years (see the details here). So, if you are looking for the best stock picks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.30 Unhappiest Cities in America30. Amarillo, TXPopulation Density (people per square mile): 1,965 Average Income per Year: $24,904Insider Monkey Average: 137.4Ranked 30, Amarillo is a city in Texas with a density of population of 1,965 people per square mile. Note that, according to the World Bank’s most recent data, the US’s average population density is only 94 people per square mile. Amarillo also has high levels of violent and property crimes, and while the cost of living is decent, the city struggles with a lack of green spaces and accessibility to nutritious food options. 29. Buffalo, NYPopulation Density (people per square mile): 6,302Average Income per Year: $20,726Insider Monkey Average: 137.75Buffalo, New York, has a population of 276,011 that battles with a concerning depression rate of 22%, exceeding the national average. Economic challenges, high cost of living, and high crime rates are some factors that contribute to the city’s struggle with mental health. 28. Cincinnati, OHPopulation Density (people per square mile): 3,909Average Income per Year: $25,256 Insider Monkey Average: 137.95Cincinnati, a city in the state of Ohio, faces a higher crime rate than the national average, with a rate of 46.8 per 100,000 people. The city also has an increasing growth and sprawl issue.  27. New Orleans, LAPopulation Density (people per square mile): 2,299Average Income per Year: $27,255 Insider Monkey Average: 138.2Although New Orleans is known for its rich culture and carnivals, the city has high rates of violent and property crimes. New Orleans especially has a violent crime rate, which poses constant threats and safety concerns for its residents. The city’s unique culture also contrasts with its high cost of living, which is 1.6% higher than the US average as of 2024. Also, New Orleans has an unemployment rate of 11% and higher tax rates than the national average.26. Las Vegas, NVPopulation Density (people per square mile): 4,478Average Income per Year: $25,555Insider Monkey Average: 138.3While it may be known for its glitzy lifestyle and casinos, Las Vegas is the 26th unhappiest city in America, with a cost of living that's 10.6% higher than the national average as of writing this article. Unemployment, home prices, the costs of renting an apartment, and even sales tax – all of these are higher than the national average in Las Vegas. The city also has minimal green spaces and a high exposure to unhealthy habits such as gambling.25. Corpus Christi, TXPopulation Density (people per square mile): 2,049 Average Income per Year: $25,203Insider Monkey Average: 138.7While Corpus Christi has coastal beauty, it has a significantly higher crime rate than the average in the US. The city’s 23.30% depression rate reminds us that even in scenic locales, mental health support remains important. While the city has a good cost of living, with an average monthly rent of $1,115 a month, it is an isolated location with many industrial landscapes and a high unemployment rate. Moreover, according to WorldHealth’s 2023 report, Corpus Christi is the tenth unhealthiest city in America.24. Casper, WYPopulation Density (people per square mile): 2,205Average Income per Year: $30,624Insider Monkey Average: 141Ranked 24, Casper is a beautiful city in Wyoming with scenic hiking trails and a booming art scene. Despite the scenery, the city suffers from high unhappiness and suicide rates due to various reasons. Residents complain of cold and wind, isolation, and low ethnic diversity. While the violent crime rate is low in Casper, the property crime rates are still higher than the national average, with a rate of 42.2. Moreover, the residents have to work more hours than the majority of other cities in the States, but the city still has one of the lowest income growth rates in America. 23. North Las Vegas, NVPopulation Density (people per square mile): 2,654 Average Income per Year: $21,003Insider Monkey Average: 142.85Economic struggles persist in North Las Vegas, with the cost of living being 10.6% higher than the national average. According to World Health’s 2023 report, North Las Vegas is the thirteenth unhealthiest city in the US. 22. Tulsa, OKPopulation Density (people per square mile): 2,041 Average Income per Year: $27,313Insider Monkey Average: 143.25Ranked 22 on the list of unhappiest cities in America, Tulsa is also one of the most dangerous cities in Oklahoma, with 72 murders occurring in the city in 2020 alone and an average of 16.39 crimes occurring per day. While there are plenty of green spaces in Tulsa, the city still deals with a high depression rate of 24%.  21. Fort Smith, ARPopulation Density (people per square mile): 1,387Average Income per Year: $23,452Insider Monkey Average: 143.95Fort Smith faces a crime rate that is 19% higher than the national average and was ranked as the twelfth unhealthiest city in WorldHealth’s 2023 report. Isolation persists in Fort Smith, and the city also has low educational attainment, and poor arts and culture amenities.20. Lubbock, TXPopulation Density (people per square mile): 2,056 Average Income per Year: $24,168 Insider Monkey Average: 145.1Twentieth on the list, Lubbock is another city with rampant crime, which is 32% higher than the national average. While there are some positive aspects of living in Lubbock, like the low cost of living and a lively cultural scene, the city is one of the unhealthiest cities in America, has high rates of isolation, and lacks recreational facilities. 19. Baltimore, MDPopulation Density (people per square mile): 7,241Average Income per Year: $25,062Insider Monkey Average: 146.5Baltimore has staggering violent crime rates, which pose significant safety challenges for the residents. According to the U.S. Census Bureau, Baltimore was Maryland’s poorest city, with a registered median household income growth of 3.76% in 2021. It ranked 16 in our list of the poorest cities in the US that are getting poorer. Growth and sprawl is also a major issue in the city.18. Philadelphia, PAPopulation Density (people per square mile): 11,759Average Income per Year: $22,542Insider Monkey Average: 150.15Philadelphia is a culturally vibrant city with a depression rate of 22.60% and high levels of violent crimes. Not only does Philadelphia struggle with low economic growth, but the cost of living there is 4.3% higher than the US average. Philadelphia was also ranked #18 on our list of cities with the highest cost of living.17. St. Louis, MOPopulation Density (people per square mile): 4,821Average Income per Year: $23,244Insider Monkey Average: 151.25Ranked 17, St. Louis faces a serious crime problem, with the violent crime rate being 86.8 and property crime rates being 85.1. The city also has a 22.50% rate of reported depression, high taxes, employment concerns, and an increasing growth and sprawl issue.16. San Antonio, TXPopulation Density (people per square mile): 3,234 Average Income per Year: $22,784Insider Monkey Average: 153.35With a population of over 1.4 million people, San Antonio, Texas, is the seventh-biggest city in the United States. While the population density is high in the city, it lacks a pedestrian-friendly infrastructure, which contributes to the overall unhappiness in the city. On top of that, San Antonio is seen as one of the dirtiest cities in the US, with litter and trash throughout the city. Crime rates are also high in the city, and according to CertaPet’s list of the worst US cities for mental health, San Antonio is one of the top 5 worst states for mental health in the US. Note that the list analyzed the cities based on therapy session rates, prescription charges, mandatory treatment laws, criminalization of mental illness, number of residents per 1 mental health provider, overall community well-being, and poor mental health days by county. The city also ranked #2 in our list of most crime-ridden cities in the US. 15. Baton Rouge, LAPopulation Density (people per square mile): 2,535Average Income per Year: $23,990 Insider Monkey Average: 159.65With a population of 225,539, Baton Rouge, Louisiana's capital, is a hot and humid city. Several factors contribute to the prevalence of unhappiness in the city. To start with, Baton offers a cost of living that is 6.8% cheaper than the US average, but the median income is also almost half (49.1%) of the US average. So, in effect, despite the low cost of living in the city, Baton Rouge is still expensive for its citizens. Baton Rouge residents also have very little sense of safety, with the violent crime rate being more than double the US average and property crime rates being nearly twice as much as the national average. Healthcare is also more expensive than the national average in Baton Rouge, contributing further to the high levels of unhappiness among the population.14. Columbus, GAPopulation Density (people per square mile): 908Average Income per Year: $23,209 Insider Monkey Average: 161.1Located on the banks of the Chattahoochee River, Columbus, GA, is a city that seems vibrant but is really home to unhappy citizens. While the city experiences a strong economy with ample job opportunities and offers an average annual income of $23,209, the violent and property crime in Columbus is significantly higher than the national average, threatening the safety of residents and hurting their mental peace. The city also has a depression rate of 21.90%, and according to WorldHealth’s report, it is the 4th unhealthiest city in the US.13. Memphis, TNPopulation Density (people per square mile): 2,047Average Income per Year: $21,909 Insider Monkey Average: 161.6Being the most populous city in Tennessee's state, Memphis is one of the unhappiest cities, with a population of 634,139 people. The violent crime rate in Memphis is nearly four times the US average, while property thefts and crime are over two times the national average.  12. Fayetteville, NCPopulation Density (people per square mile): 1,432Average Income per Year: $23,843Insider Monkey Average: 163.7Located in the Sandhills of North Carolina, Fayetteville is a prominent and populous city with a population density of 1,432 people per square mile. The city lacks pedestrian-friendly infrastructure with 87% of residents use vehicles to commute to work. Moreover, residents need an annual income of $37,200 to live comfortably in Fayetteville, but the annual average income of residents in Fayetteville is only $23,843. Additionally, healthcare is also 16.4% more expensive than the national average, and the crime rates are significantly higher than the national average. 11. Augusta, GAPopulation Density (people per square mile): 653Average Income per Year: $20,553Insider Monkey Average: 164.2Situated near the South Carolina border, Augusta is a city in Georgia with a population density of 653 people per square mile. While Augusta’s economy is progressing at a moderate speed with positive job growth, it has tax rates higher than the national average. Augusta is also one of the top five cities with the lowest sleep rates, and the 5th unhealthiest city in the US according to WorldHealth’s 2023 report. Click to continue reading and see the top 10 Unhappiest Cities in America.Suggested articles:12 Happiest Jobs In The World in 202430 Unhappiest Countries In The World25 Happiest States In The USDisclosure: None. 30 Unhappiest Cities in America is originally published on Insider Monkey.

Insider Monkey

30 Unhappiest Cities in America

https://finance.yahoo.com/news/30-unhappiest-cities-america-190443439.html

9c95afd2-1078-39f6-8bd7-b0609dc41793

TMUS

T-Mobile US, Inc. (NASDAQ:TMUS) stock is about to trade ex-dividend in four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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 T-Mobile US' shares before the 29th of February in order to receive the dividend, which the company will pay on the 14th of March.The upcoming dividend for T-Mobile US is US$0.65 per share. If you buy this business for its dividend, you should have an idea of whether T-Mobile US's dividend is reliable and sustainable. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. Check out our latest analysis for T-Mobile US If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. T-Mobile US is paying out just 19% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Luckily it paid out just 9.6% of its free cash flow last year.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. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Fortunately for readers, T-Mobile US's earnings per share have been growing at 16% a year for the past five years. Earnings per share are growing rapidly and the company is keeping more than half of its earnings within the business; an attractive combination which could suggest the company is focused on reinvesting to grow earnings further. Fast-growing businesses that are reinvesting heavily are enticing from a dividend perspective, especially since they can often increase the payout ratio later.Story continuesThis is T-Mobile US's first year of paying a dividend, which is exciting for shareholders - but it does mean there's no dividend history to examine.The Bottom LineIs T-Mobile US an attractive dividend stock, or better left on the shelf? We love that T-Mobile US 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.In light of that, while T-Mobile US has an appealing dividend, it's worth knowing the risks involved with this stock. In terms of investment risks, we've identified 3 warning signs with T-Mobile US 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.

T-Mobile US, Inc. (NASDAQ:TMUS) Looks Interesting, And It's About To Pay A Dividend

https://finance.yahoo.com/news/t-mobile-us-inc-nasdaq-125325649.html

11de6089-9e9d-35b5-8eda-a70086e9d0f7

TMUS

Telecom giant T-Mobile US (NASDAQ: TMUS) has seen its stock price rise over recent months. Shares hit a 52-week high of $165.95 on Jan. 19, and remain near that high at the time of this writing.It's no wonder T-Mobile stock is up this year. The telecom finished 2023 with excellent earnings results for the fourth quarter. Given the company's success, does it make sense to buy shares even though the stock is near its 52-week high?To answer that question, it's necessary to dig into T-Mobile's performance in more detail. This can help to determine if the company is a good long-term investment.T-Mobile's key to successT-Mobile's 2023 success was driven by its new 5G network. This network not only delivers faster wireless speeds, it's also able to handle more devices using it simultaneously. Such capabilities are important in a world where even cars are now accessing wireless networks.Telecom companies have touted the benefits of 5G for years as they were building out infrastructure to support the technology. Now, T-Mobile's 5G network covers 98% of Americans.This expansive wireless coverage was a necessary first step to convince customers to adopt the more expensive 5G plans. Without broad coverage, your wireless device is limited in the locations where it can take advantage of 5G's capabilities.With the necessary coverage now in place, T-Mobile is well-positioned to fully unlock the value of its 5G network. In this regard, the company is succeeding.Take, for example, T-Mobile's impressive ability to attract customers. In Q4, the company added a whopping 934,000 postpaid phone subscribers, the telecom industry's most valuable customer segment. Contrast this to rivals AT&T and Verizon Communications which had 526,000 and 449,000 postpaid phone net additions, respectively.But wireless subscribers aren't the only way T-Mobile is generating revenue from its 5G network. Thanks to 5G's ability to support multiple devices with speed, T-Mobile can offer internet service to homes and businesses. So now the company is competing with traditional internet service providers (ISPs) such as Charter Communications.Story continuesOn this front, 2023 turned out to be T-Mobile's biggest year of growth as an ISP. The company added over 2 million customers last year. This brings T-Mobile's total subscriber base to 4.8 million customers for its internet offerings.That 2023 growth rate is impressive. If T-Mobile can continue to nearly double its ISP clients every year, in just a few years, it could rival Charter, which has 32 million customers.T-Mobile's financial accomplishmentsThe customer growth across T-Mobile's services translated into Q4 sales of $20.5 billion. Wireless service revenue from postpaid subscribers contributed $12.5 billion to that total, representing a 6.4% year-over-year increase.Its success in growing postpaid subscriber sales also helped T-Mobile generate strong free cash flow (FCF). FCF is an important metric, since it provides insight into a company's cash available for activities such as investing in its business, paying down debt, and funding a dividend.T-Mobile achieved adjusted FCF of $4.3 billion in Q4, up 97% from 2022's $2.2 billion as costs related to its 2020 merger with Sprint declined nearly 80% from the prior year. Its FCF results are more important than ever for investors because the company implemented a dividend toward the end of 2023.T-Mobile expects to pay about $3 billion in dividends this year. It can easily afford it after closing out 2023 with full-year FCF of $13.6 billion. In fact, T-Mobile is targeting even higher FCF in 2024, forecasting to reach at least $16.3 billion.To buy or not to buy T-Mobile shares?T-Mobile's 2023 success looks like it will extend into this year. In its 2024 outlook, the company not only believes it will continue to grow its customer base, but T-Mobile stated it's expecting "to lead the industry for the 10th consecutive year" in net additions to its postpaid subscribers.Given the telecom titan's success, the average price target for T-Mobile stock among Wall Street analysts is $185.67. So there's a consensus of further upside for T-Mobile shares.When you combine T-Mobile's expansive 5G network, subscriber growth, and excellent FCF generation, and throw in a dividend, it adds up to the telecom titan being a worthwhile investment to buy and hold for the long term.Although shares are near a 52-week high, since Wall Street believes the stock can go higher and you may not want to miss that potential upswing, a good approach to buying T-Mobile stock is to use dollar-cost averaging. You can buy some shares now, then add to your position during future stock price drops.Should you invest $1,000 in T-Mobile US right now?Before you buy stock in T-Mobile US, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and T-Mobile US wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.See the 10 stocks*Stock Advisor returns as of February 20, 2024Robert Izquierdo has positions in AT&T, T-Mobile US, and Verizon Communications. The Motley Fool recommends T-Mobile US and Verizon Communications. The Motley Fool has a disclosure policy.Is Now the Time to Buy T-Mobile Stock? was originally published by The Motley Fool

Motley Fool

Is Now the Time to Buy T-Mobile Stock?

https://finance.yahoo.com/news/now-time-buy-t-mobile-141500274.html

3ea612af-a2a8-34a6-9ede-88cedc0d3add

TMUS

(Bloomberg) -- The Federal Communications Commission said it’s conducting a “thorough” investigation of the Feb. 22 wireless network outage at AT&T Inc. that interrupted mobile service for hundreds of thousands of subscribers in cities around the US.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapTech CEOs Are Addicted to Taking Needless RisksChina Has Never Canceled This Many Shipments of US WheatThe agency has requested “more in-depth information from AT&T concerning the cause, effect, and the company’s response to the incident,” a spokesperson for the agency said in an email Thursday. The FCC had previously said it was looking into the issue.“The industry routinely cooperates with our key regulators in the aftermath of serious outages to evaluate how network resiliency and reliability can be improved,” AT&T said in a statement. AT&T noted it was “already working with the FCC on its review.”AT&T has blamed the outage on what it called “an incorrect process” while expanding its network, which serves about 87 million subscribers. The incident began before dawn and AT&T didn’t announce the network’s restoration until mid-afternoon. Customers filed more than 1.5 million outage reports on service-tracking website Downdetector.The outage cut communications for workers in cities including New York, Houston, Atlanta, Miami, Chicago and Dallas. The service disruption upended communications with emergency responders and officials took to social media urging AT&T customers to use landlines to call 911 for emergencies.AT&T apologized for the outage and announced that customers will get a $5 credit on their wireless accounts, the average cost of a full day of service.New York Attorney General Letitia James launched an investigation into the incident last week.The FCC extracted a $19.5 million settlement from T-Mobile US Inc. in 2021 following a 12-hour outage in the previous year blamed on equipment failure. The problem was magnified by a software flaw in T-Mobile’s network that had been latent for months, the agency said.Story continuesThe incident led to congestion across T-Mobile networks and caused the failure of more than 23,000 calls to 911 emergency centers, the FCC said.The Washington Post reported earlier on the formal FCC probe of AT&T’s recent outage.AT&T is the third-largest US retail wireless carrier, behind Verizon Communications Inc. and T-Mobile, according to data compiled by Bloomberg.(Updates with AT&T comment in third paragraph; adds background in ninth paragraph.)Most Read from Bloomberg BusinessweekAcademics Question ESG Studies That Helped Fuel Investing BoomLuxury Postnatal Retreats Draw Affluent Parents Around the USHow Apple Sank About $1 Billion a Year Into a Car It Never BuiltThe Battle to Unseat the Aeron, the World’s Most Coveted Office ChairHow Microsoft’s Bing Helps Maintain Beijing’s Great Firewall©2024 Bloomberg L.P.

Bloomberg

FCC Conducting ‘Thorough’ Investigation Into AT&T Outage

https://finance.yahoo.com/news/fcc-conducting-thorough-investigation-t-165621703.html

eb2bc8ef-4b19-339c-972c-09178dc1a355

TMUS

Callie Field, President, Business Group of T-Mobile US Inc (NASDAQ:TMUS), has sold 5,844 shares of the company on March 7, 2024, according to a recent SEC filing. The transaction was executed at an average price of $168.44 per share, resulting in a total value of $984,095.36.T-Mobile US Inc, a major player in the telecommunications industry, provides wireless voice, messaging, and data services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company is known for its nationwide 4G LTE network which also provides 5G technology to a vast customer base.Warning! GuruFocus has detected 7 Warning Signs with TMUS.Over the past year, the insider has sold a total of 8,132 shares of T-Mobile US Inc and has not made any purchase of the stock. The recent sale further aligns with the insider transaction history for the company, which has seen 0 insider buys and 45 insider sells over the past year.On the day of the insider's recent sale, T-Mobile US Inc's shares were trading at $168.44, giving the company a market capitalization of $195.55 billion. The stock's price-earnings ratio stands at 23.77, which is above the industry median of 16.62 but below the company's historical median price-earnings ratio.The stock's current price of $168.44 compared to the GuruFocus Value of $144.22 indicates that T-Mobile US Inc has a price-to-GF-Value ratio of 1.17, suggesting that the stock is modestly overvalued based on its GF Value.The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.Insider Sell: T-Mobile US Inc (TMUS) President, Business Group Callie Field Sells 5,844 SharesThe insider trend image above reflects the recent insider selling activity at T-Mobile US Inc.Insider Sell: T-Mobile US Inc (TMUS) President, Business Group Callie Field Sells 5,844 SharesThe GF Value image above provides an intrinsic value estimate for T-Mobile US Inc, indicating the stock's current valuation status.For more detailed information on insider transactions and stock performance for T-Mobile US Inc (NASDAQ:TMUS), investors and analysts are encouraged to visit the SEC filing and the company's financial analysis page on GuruFocus.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Insider Sell: T-Mobile US Inc (TMUS) President, Business Group Callie Field Sells 5,844 Shares

https://finance.yahoo.com/news/insider-sell-t-mobile-us-230052084.html

a33015df-28b2-3def-b009-697a5305fc6d

TPR

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. 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 Tapestry (NYSE:TPR) 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)For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Tapestry is:Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)0.10 = US$1.2b ÷ (US$14b - US$1.4b) (Based on the trailing twelve months to December 2023).Therefore, Tapestry has an ROCE of 10%. That's a relatively normal return on capital, and it's around the 12% generated by the Luxury industry. Check out our latest analysis for Tapestry roceAbove you can see how the current ROCE for Tapestry compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Tapestry .What The Trend Of ROCE Can Tell UsOn the surface, the trend of ROCE at Tapestry doesn't inspire confidence. Over the last five years, returns on capital have decreased to 10% from 16% five years ago. On the other hand, the company has been employing more capital without a corresponding improvement in sales in the last year, which could suggest these investments are longer term plays. It may take some time before the company starts to see any change in earnings from these investments.Story continuesThe Key TakeawayBringing it all together, while we're somewhat encouraged by Tapestry's reinvestment in its own business, we're aware that returns are shrinking. Since the stock has gained an impressive 58% over the last five years, investors must think there's better things to come. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward.Tapestry does have some risks though, and we've spotted 1 warning sign for Tapestry that you might be interested in.While Tapestry isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.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.

Capital Allocation Trends At Tapestry (NYSE:TPR) Aren't Ideal

https://finance.yahoo.com/news/capital-allocation-trends-tapestry-nyse-115642882.html

1d33e2be-66c8-3761-80b9-8072b8c0c577

TPR

On Friday, shares of luxury fashion retailer Tapestry Inc (NYSE:TPR) hit a nearly three-year high of $48.80. And though TPR was last seen 1.5% lower at $47.81, a historically bullish signal is flashing that's never failed to lift it higher.Specifically, Tapestry stock just appeared on Schaeffer's Senior Quantitative Analyst Rocky White list of stocks trading near their 52-week high, and sporting unusually low volatility expectations, measured by our Schaeffer's Volatility Index (SVI). Tapestry's current SVI of 27% ranks in the low 9th percentile, suggesting it could be a good time to target near-term options contracts.This is the third time in the last five years that this signal is flashing for TPR. After all three of those occurrences, shares of Coach and Kate Spade's parent company were higher each time, averaging a one-month gain of 10.4%. A move of similar magnitude would put the stock near $53 for the first time since August 2018.While most analysts are optimistic towards the security, a round of bull notes certainly couldn't hurt. While 14 rate TPR a "buy" or better, five still recommend a tepid "hold."Over the last three months, Tapestry stock has rallied more than 54.5%, and is outperforming in 2024 with a nearly 30% year-to-date lead. In recent weeks, its 10-day moving average has helped TPR move higher.TPR Chart February 262024

Schaeffer's Investment Research

Signal Says Buy This Luxury Retail Stock Now

https://finance.yahoo.com/news/signal-says-buy-luxury-retail-174405005.html

34a97ca6-b62c-3f7a-a140-2f94fd6ee46a

TPR

For Immediate ReleaseChicago, IL – March 7, 2024 – Stocks in this week’s article are Iron Mountain Inc. IRM, Suzano S.A. SUZ, Tapestry, Inc. TPR, HCA Healthcare, Inc. HCA and W. R. Berkley Corp. WRB.Buy 5 High ROE Stocks as Markets Slide on Tech Sector WoesThe broader U.S. equity markets witnessed a steady downtrend over the past couple of trading days after registering their first closing record since November 2021 last week. The uptrend was buoyed by healthy inflation data, with the core personal consumption expenditures price index for January increasing 0.4% month-over-month and 2.8% on a year-over-year basis – on par with broad-based expectations. The optimism was further boosted by AI-focused thrust.However, the gain was more than wiped off as markets were pulled back by sharp declines witnessed by leading blue-chip firms from the technology sector. With a loss of more than 2%, the S&P 500′s information technology sector dragged the broader index down. Although the decline appeared to be mostly cyclical on the surface, investors would like to seek more clarity from Fed Chair Jerome Powell on the monetary policy, as he heads to Capitol Hill for his congressionally mandated testimony before the House.The Fed had earlier pledged to cut interest rates several times in 2024, owing to a slowdown in inflation in the later stages of 2023. Given the recent inflationary data, the markets appear vulnerable to sudden downtrends. This, in turn, signifies that the markets need to brace for intense volatility owing to tempered expectations despite a relatively healthy U.S. economy and GDP data.As investors employ a wait-and-see approach in a classic example of “backing and filling” in the market, they can benefit from “cash cow” stocks that garner higher returns. However, identifying cash-rich stocks alone does not make for a solid investment proposition unless it is backed by attractive efficiency ratios like return on equity (ROE). A high ROE ensures that the company is reinvesting cash at a high rate of return. Iron Mountain Inc., Suzano S.A., Tapestry, Inc., HCA Healthcare, Inc. and W. R. Berkley Corp. are some of the stocks with high ROE to profit from.Story continuesROE: A Key MetricROE = Net Income/Shareholders’ EquityROE helps investors distinguish profit-generating companies from profit burners and is useful in determining the financial health of a company. In other words, this financial metric enables investors to identify companies that diligently deploy cash for higher returns.Moreover, ROE is often used to compare the profitability of a company with other firms in the industry — the higher, the better. It measures how well a company is multiplying its profits without investing new equity capital and portrays management’s efficiency in rewarding shareholders with attractive risk-adjusted returns.Here are five of the 11 stocks that qualified the screening:Iron Mountain: Boston, MA-based Iron Mountain provides records & information management services and data center space & solutions in 59 countries. The company primarily generates revenues from storage rental and services. Storage rental revenues are generated through periodic rental charges for data storage. Service revenues comprise charges for related core service activities and a wide array of complementary products and services.It has a long-term earnings growth expectation of 4%. It delivered a trailing four-quarter earnings surprise of 2.5%, on average. Iron Mountain carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here..Suzano: Headquartered in Salvador, Brazil, Suzano produces and sells eucalyptus pulp and paper products. With more than 90 years of experience, this vertically integrated firm is one of the largest producers of paper and graphic products in South America.The company offers coated and uncoated printing and writing papers, paperboards, tissue papers and lignin. Suzano carries a Zacks Rank #2.Tapestry: Founded in 1941 and headquartered in New York, Tapestry (formerly known as Coach, Inc.) is the designer and marketer of fine accessories and gifts for women and men in the United States and internationally. The company offers lifestyle products, which include handbags, women’s and men’s accessories, footwear, jewelry, seasonal apparel collections, sunwear, travel bags, fragrances and watches.Tapestry has a long-term earnings growth expectation of 11.5% and delivered a trailing four-quarter earnings surprise of 11.7%, on average. This Zacks Rank #2 stock has a VGM Score of A.HCA Healthcare: Headquartered in Nashville, TN, HCA Healthcare is the largest non-governmental operator of acute care hospitals in the United States. It operates 186 hospitals and approximately 2,400 ambulatory sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics, in 20 states and the United Kingdom.The company has a long-term earnings growth expectation of 9.7% and delivered a trailing four-quarter earnings surprise of 9.8%, on average. It has a VGM Score of A. HCA Healthcare sports a Zacks Rank #1.W. R. Berkley: Founded in 1967 and based in Greenwich, CT., W.R. Berkley is one of the nation’s largest commercial lines property casualty insurance providers. The company offers a variety of insurance services, from reinsurance to workers comp third-party administrators.It has a long-term earnings growth expectation of 9%. It has a VGM Score of A. Currently, W.R. Berkley carries a Zacks Rank #2.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.Click here to sign up for a free trial to the Research Wizard today.For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2236453/buy-5-high-roe-stocks-as-markets-slide-on-tech-sector-woesFollow us on Twitter:  https://www.twitter.com/zacksresearchJoin us on Facebook:  https://www.facebook.com/ZacksInvestmentResearchZacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Contact: Jim GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: [email protected]: https://www.zacks.com/Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.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 reportIron Mountain Incorporated (IRM) : Free Stock Analysis ReportW.R. Berkley Corporation (WRB) : Free Stock Analysis ReportHCA Healthcare, Inc. (HCA) : Free Stock Analysis ReportTapestry, Inc. (TPR) : Free Stock Analysis ReportSuzano S.A. Sponsored ADR (SUZ) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Zacks.com featured highlights Iron Mountain, Suzano, Tapestry, HCA Healthcare and W. R. Berkley

https://finance.yahoo.com/news/zacks-com-featured-highlights-iron-095200075.html

fd7a2789-b285-37e5-b67c-ad4bc8bac53d

TPR

BluecoreBluecore’s Marketing Platform Drove Meaningful Customer Movement in 2023, Paving the Way for Growth and Retention in 2024NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Bluecore, a retail shopper identification and customer movement technology, has announced that its relationship with Tapestry (NYSE: TPR) is expanding across the brand portfolio to include its kate spade new york brand.  The platform has been delivering strong identification improvements and contributing to marketing growth for Coach and Stuart Weitzman. Tapestry’s modern and global technology stack is designed to drive consumer engagement and is a key aspect of its ability to lead in omnichannel operations and consumer engagement. The expanded partnership with Bluecore reflects Tapestry’s continued focus on improving customer identification, engagement and retention to increase purchases from new, active, and inactive buyers. Since 2022, Bluecore has helped Coach and Stuart Weitzman improve growth and retention through successful marketing, customer experience and strategic expertise.“Our focus is on building long-lasting customer relationships and our partnership with Bluecore aligns to delivering customer-centric strategies across our brand and omnichannel initiatives,” said Kimberly Wallengren, Vice President of Marketing, North America at Coach. “Consumers want to be a part of something greater and Bluecore is a key part of our ability to both identify and understand shoppers and customers so that we can connect individually, fulfilling both the consumer's desire, while also supporting our goals of increasing customer lifetime value.”As a result of successes with Coach and Stuart Weitzman, Tapestry has recently expanded their Bluecore implementation to include Kate Spade. In addition, Tapestry plans to increase its use of the platform, including the flexibility to integrate Bluecore’s data across its digital marketing tech stack, which includes Salesforce Commerce Cloud, Amperity, Attentive, and Tulip. Bluecore has the potential to further improve the relevance of marketing-driven engagements with real-time shoppers, customers, and product data. Bluecore collects and turns this data into insights through retail-specific models related to purchase intent, lifetime value, product affinity, discount affinity, and more.Story continues"Bluecore collaborated with Tapestry on the concept of customer movement in 2023. As we continue to focus on deepening connections with our customers now and in the future, Bluecore has allowed us to further move away from channel-centric execution to customer-centric execution,” said Joe Milano, SVP of Digital at Tapestry. “The platform enables us to engage with individual customers more effectively with personalized storytelling and distinctive omnichannel experiences. Further integrating Bluecore into our stack will allow us to continue to improve omnichannel identification and repeat purchase rates, both of which are critical components of customer lifetime value.”Tapestry selected the Bluecore platform based on its team and technology, including its ability to provide data about customer movement, which helps identify opportunities to tailor marketing to new, active, and inactive customers. The technology enables advanced decisioning and data activation across key digital channels, including site, mobile, email, and social.“Tapestry has moved into a customer-centric leadership position in the retail market and we are thrilled to be expanding our relationship with an organization that is at the forefront of customer engagement,” said Fayez Mohamood, CEO and Co-Founder of Bluecore. “Our ability to increase identification rates and repeat purchases for Coach and Stuart Weitzman is just the beginning of what Tapestry can do with Bluecore. We look forward to our teams and technology becoming further integrated so that we can work with all of Tapestry’s brands and partners to put the customer first,” said Fayez Mohamood, CEO and Co-Founder of Bluecore.About Tapestry, Inc. Our global house of brands unites the magic of Coach, kate spade new york and Stuart Weitzman. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. We use our collective strengths to move our customers and empower our communities, to make the fashion industry more sustainable, and to build a company that’s equitable, inclusive, and diverse. Individually, our brands are iconic. Together, we can stretch what’s possible. To learn more about Tapestry, please visit www.tapestry.com. For important news and information regarding Tapestry, visit the Investor Relations section of our website at www.tapestry.com/investors. In addition, investors should continue to review our news releases and filings with the SEC. We use each of these channels of distribution as primary channels for publishing key information to our investors, some of which may contain material and previously non-public information. The Company’s common stock is traded on the New York Stock Exchange under the symbol TPR.About Bluecore:Bluecore’s retail shopper identification and customer movement technology quickly generates incremental revenue for enterprise brands by turning more anonymous shoppers into known customers, and repeatedly and efficiently moving them through the purchase funnel.With transparent IDs and real-time product data built directly into campaign workflows, alongside point-and-click predictive models, retail marketers can bypass manual processes to trigger 100s of communications based on any signal and automate the content, offer, recommendation, timing of every email, mobile, site, and paid media message for each individual shopper.More than 400 brands trust Bluecore to rapidly increase customer retention and drive profitable growth, including Tapestry, Express, NOBULL, Lenovo, Teleflora, Alo Yoga, and Lulu and Georgia. For more information, visit Bluecore.com.Contact:Emily [email protected]

GlobeNewswire

Tapestry Expands Partnership With Bluecore to Include Kate Spade Following Success With Coach and Stuart Weitzman

https://finance.yahoo.com/news/tapestry-expands-partnership-bluecore-kate-140000217.html

1c314d5d-c379-3d9a-ae06-cafcb4c3a22c

TRGP

Targa Resources Corp.HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the THRIVE Energy Conference by Daniel Energy Partners in Houston, TX on Wednesday, February 21, 2024.A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https://www.targaresources.com/investors/events.About Targa Resources Corp.Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.Targa is a FORTUNE 500 company and is included in the S&P 500.For more information, please visit the Company’s website at www.targaresources.com.Regulation FD Disclosures We use any of the following to comply with our disclosure obligations under Regulation FD: press releases, SEC filings, public conference calls, or our website. We routinely post important information on our website at www.targaresources.com, including information that may be deemed to be material. We encourage investors and others interested in the company to monitor these distribution channels for material disclosures.Story continuesForward-Looking StatementsCertain statements in this release are “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 historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including statements regarding our projected financial performance, capital spending and payment of future dividends. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the timing and success of our completion of capital projects and business development efforts, the expected growth of volumes on our systems, the impact of pandemics or any other public health crises, commodity price volatility due to ongoing or new global conflicts, the impact of disruptions in the bank and capital markets, including those resulting from lack of access to liquidity for banking and financial services firms, and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.Contact the Company’s investor relations department by email at [email protected] or by phone at (713) 584-1133.Sanjay LadVice President, Finance & Investor RelationsJennifer KnealeChief Financial Officer

GlobeNewswire

Targa Resources Corp. to Participate in THRIVE Energy Conference by Daniel Energy Partners

https://finance.yahoo.com/news/targa-resources-corp-participate-thrive-135700273.html

f6045130-369a-3e3e-9a2e-94b254c9448a

TRGP

Robert Muraro, Chief Commercial Officer of Targa Resources Corp (NYSE:TRGP), executed a sale of 10,000 shares in the company on February 23, 2024, according to a recent SEC Filing. Targa Resources Corp is an energy infrastructure company that operates in the midstream natural gas sector, providing services such as gathering, compressing, treating, processing, and selling natural gas and NGLs, as well as storing and terminaling crude oil and refined petroleum products.Warning! GuruFocus has detected 6 Warning Sign with TRGP.Over the past year, the insider has sold a total of 30,000 shares of Targa Resources Corp and has not made any purchases of the stock.The insider transaction history for Targa Resources Corp indicates a pattern of insider sales, with 25 insider sells recorded over the past year and no insider buys during the same period.Chief Commercial Officer Robert Muraro Sells 10,000 Shares of Targa Resources CorpOn the date of the insider's recent transaction, shares of Targa Resources Corp were trading at $97.31, resulting in a market capitalization of $21.771 billion.The stock's price-earnings ratio stands at 26.58, which compares to the industry median of 10.11 and is below the company's historical median price-earnings ratio.With the current share price of $97.31 and a GuruFocus Value of $68.49, Targa Resources Corp's price-to-GF-Value ratio is 1.42, indicating that the stock is considered Significantly Overvalued according to the GF Value metric.Chief Commercial Officer Robert Muraro Sells 10,000 Shares of Targa Resources CorpThe GF Value is calculated by GuruFocus and takes into account historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Chief Commercial Officer Robert Muraro Sells 10,000 Shares of Targa Resources Corp

https://finance.yahoo.com/news/chief-commercial-officer-robert-muraro-031934530.html

e54ecf09-8cb8-3884-91d8-6eb53824f030

TRGP

Targa Resources Corp.HOUSTON, March 01, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the Morgan Stanley Energy & Power Conference in New York City, NY on Wednesday, March 6, 2024.A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https://www.targaresources.com/investors/events.About Targa Resources Corp.Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.Targa is a FORTUNE 500 company and is included in the S&P 500.For more information, please visit the Company’s website at www.targaresources.com.Regulation FD Disclosures We use any of the following to comply with our disclosure obligations under Regulation FD: press releases, SEC filings, public conference calls, or our website. We routinely post important information on our website at www.targaresources.com, including information that may be deemed to be material. We encourage investors and others interested in the company to monitor these distribution channels for material disclosures.Story continuesForward-Looking StatementsCertain statements in this release are “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 historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including statements regarding our projected financial performance and capital spending. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics or any other public health crises, commodity price volatility due to ongoing or new global conflicts, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the impact of disruptions in the bank and capital markets, including those resulting from lack of access to liquidity for banking and financial services firms, the timing and success of business development efforts and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.Contact the Company's investor relations department by email at [email protected] or by phone at (713) 584-1133.Sanjay LadVice President, Finance & Investor RelationsJennifer KnealeChief Financial Officer

GlobeNewswire

Targa Resources Corp. to Participate in Morgan Stanley Energy & Power Conference

https://finance.yahoo.com/news/targa-resources-corp-participate-morgan-220000271.html

61fb5bd1-17cf-3abe-acac-936e09eeac94

TRMB

New version of Trimble's next-generation paving control platform for smoother, more precise paving surfaces extends the functionality to an additional machine typeWESTMINSTER, Colo., Feb. 20, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today the availability of the Trimble® Roadworks Paving Control Platform for Mills and Cold Planers, extending the functionality of Trimble's next-generation, 3D paving control system. Trimble Roadworks for Mills and Cold Planers runs on an Android™ operating system and enables operators to precisely control cutting depth of the mill or cold planer, according to project design.New version of Trimble’s next-generation paving control platform for smoother, more precise paving surfaces extends the functionality to an additional machine typeThe intuitive system allows operators to meet the most demanding specs on the most complex projects, minimizing over-cutting and creating a smoother surface on airport runways, highways, racetracks and other projects that require optimum smoothness. The 3D design is displayed to the machine operator showing areas that are on, above or below ideal grade, comparing the actual drum position and slope with the digital design. The platform automatically guides the milling drum to cut the ideal depth and slope without string lines or manual adjustments."Complex paving projects such as airport runways and heavily-traveled highways have some of the tightest specifications in the construction industry," said Kevin Garcia, general manager of Civil Specialty Solutions at Trimble. "Trimble Roadworks for milling and cold planing takes both the guesswork and the re-work out of milling, making it easy for operators to mill precisely to a 3D design elevation. The benefits of this extend throughout the entire paving process, creating less work for pavers, decreasing asphalt usage, and increasing overall surface smoothness."The milling and cold planing software features the same user interface as existing Trimble Roadworks applications, with intuitive graphics, natural interactions and gestures, and self-discovery features, shortening training time for operators. The system is compatible with Trimble WorksManager software, which manages data transfer and tracks construction technology equipment across jobsites, and with Trimble Business Center software, which is used to create 3D milling plans and comprehensive quality and production reports.Story continuesAvailability Trimble Roadworks for Mills and Cold Planers is available now for customers worldwide through the SITECH® distributor channel. For more information, visit: civilconstruction.trimble.com/roadworks-milling.About Trimble ConstructionTrimble is developing technology, software and services that drive the digital transformation of construction with solutions that span the entire architecture, engineering and construction (AEC) industry. Empowering teams across the construction lifecycle, Trimble's innovative approach improves coordination and collaboration between stakeholders, teams, phases and processes. Trimble's Connected Construction strategy gives users control of their operations with best-in-class solutions and a common data environment. By automating work and transforming workflows, Trimble is enabling construction professionals to improve productivity, quality, transparency, safety, sustainability and deliver each project with confidence. For more information, visit: construction.trimble.com.About TrimbleDedicated to the world's tomorrow, Trimble is a technology company delivering solutions that enable our customers to work in new ways to measure, build, grow and move goods for a better quality of life. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products and enterprise lifecycle solutions to industry cloud services, Trimble is transforming critical industries such as construction, geospatial, agriculture and transportation to power an interconnected world of work. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com.Android is a trademark of Google Inc.GTRMB(PRNewsfoto/Trimble)CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/trimble-introduces-roadworks-paving-control-platform-for-mills-and-cold-planers-302064606.htmlSOURCE Trimble

PR Newswire

Trimble Introduces Roadworks Paving Control Platform for Mills and Cold Planers

https://finance.yahoo.com/news/trimble-introduces-roadworks-paving-control-113000914.html

76e253b0-d329-3d45-9074-612e93fc3ed0

TRMB

Trimble Inc's innovative technology solutions position it as a leader in location-based solutions.Strategic joint ventures and partnerships enhance Trimble's market presence and innovation capabilities.Global economic uncertainties and competitive pressures pose significant threats to Trimble's growth.Trimble's focus on software and services, along with its Connect and Scale strategy, offers substantial growth opportunities.Warning! GuruFocus has detected 5 Warning Sign with TRMB.On February 26, 2024, Trimble Inc (NASDAQ:TRMB) filed its annual 10-K report, revealing a company at the forefront of location-based solutions with a diverse product portfolio that spans several foundational industries. Trimble's commitment to innovation is evident in its extensive patent portfolio and strategic investments in research and development. The company's financial health, as indicated by the filing, shows a robust balance sheet with a market capitalization of approximately $13.1 billion as of June 30, 2023. Trimble's growth strategy, including its Connect and Scale initiative, emphasizes the integration of customer workflows and industry lifecycles, which is expected to transform customer operations and drive future growth.Decoding Trimble Inc (TRMB): A Strategic SWOT InsightStrengthsTechnological Innovation and Diverse Product Portfolio: Trimble Inc's strength lies in its ability to innovate at the intersection of digital and physical worlds. With over 1,000 unique patents, Trimble has demonstrated a strong commitment to technological advancement, which has resulted in a diverse range of solutions that cater to industries such as construction, agriculture, transportation, and geospatial. This diversity not only mitigates the risk associated with market fluctuations but also positions Trimble as a comprehensive solutions provider.Strategic Partnerships and Joint Ventures: Trimble's joint ventures, such as with Caterpillar and AGCO, and its strategic partnerships, enable the company to leverage external expertise and expand its market reach. These collaborations have led to the development of advanced products and services, such as the Trimble Siteworks Machine Guidance Module and the Trimble Construction Cloud, which enhance Trimble's competitive edge and foster innovation.Story continuesWeaknessesDependence on Global Economic Conditions: Trimble's performance is closely tied to the global economic environment, including factors such as inflationary pressures and interest rate fluctuations. As noted in the filing, the company acknowledges that these macroeconomic conditions can impact its operations, potentially leading to volatility in revenues and profitability.Cyclical Nature of Hardware Revenue: The company's hardware revenue is subject to cyclical trends, which can lead to fluctuations in financial performance. While Trimble is working towards reducing seasonality and increasing the mix of recurring revenue, the inherent unpredictability of hardware sales remains a weakness that needs to be addressed.OpportunitiesExpansion of Software and Services: Trimble's shift towards a more significant mix of recurring revenue through software and services presents a substantial opportunity for growth. The company's focus on cloud offerings and subscription-based solutions, such as Trimble Connect and Trimble Transportation Cloud, aligns with the industry's move towards digital transformation and could lead to enhanced business visibility and customer retention.Addressing Underserved Markets: Trimble's strategy of targeting historically underserved large markets with significant growth potential, such as construction, agriculture, and transportation, offers opportunities for expansion. By substituting traditional operating methods with Trimble's technology and solutions, the company can capture a larger market share and drive long-term revenue growth.ThreatsCompetitive Pressures: Trimble operates in a highly competitive environment, with competitors ranging from specialized companies providing positioning products to large established firms offering comprehensive lifecycle management solutions. To maintain its market position, Trimble must continuously innovate and differentiate its offerings from those of its competitors.Political and Economic Uncertainties: The filing highlights concerns regarding volatility and conflict in the political and economic environment, including the conflicts in the Middle East and between Russia and Ukraine. Such uncertainties can disrupt global supply chains and affect Trimble's international operations, posing a threat to the company's stability and growth prospects.In conclusion, Trimble Inc (NASDAQ:TRMB) exhibits a strong foundation built on technological innovation, strategic partnerships, and a diverse product portfolio. However, it must navigate the challenges posed by global economic conditions and the cyclical nature of its hardware revenue. The company's focus on expanding its software and services offerings, along with its strategy to penetrate underserved markets, presents significant opportunities for growth. Nonetheless, competitive pressures and geopolitical uncertainties remain threats that require vigilant management. Trimble's forward-looking strategies, including its Connect and Scale initiative, demonstrate a commitment to leveraging its strengths and opportunities to mitigate weaknesses and threats, positioning the company for sustained success in the evolving global market.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Decoding Trimble Inc (TRMB): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-trimble-inc-trmb-strategic-050849670.html

144d6e77-57a4-3fca-b7cc-45283546929c

TRMB

A combination of the $1 trillion infrastructure bill in the U.S. and the global need to maintain and upgrade infrastructure in developed countries while investing in new projects to support growth in emerging countries means there will be ongoing spending on infrastructure. That's great news for companies with exposure to it, and I think investors should look closely at Trimble (NASDAQ: TRMB), Freeport-McMoRan (NYSE: FCX) and Atkore (NYSE: ATKR) to play this theme. Here's why.Trimble is revolutionizing how infrastructure is builtTrimble provides positioning and workflow technology that helps construction and geospatial companies with their daily operations. Its origins lie in precise positioning hardware. But its future lies in increasingly augmenting that hardware with software and services -- including advanced analytics -- to enable customers to make more-informed decisions and produce better outcomes.With Trimble, for example, infrastructure projects can be precisely managed with a significant reduction in waste and the kind of cost overruns the industry is famous for. It's a key player in digitally transforming how infrastructure is built and maintained.This transformation isn't just about solutions for its customers; the shift to software and services as a more significant part of its revenue mix also improves Trimble's profit margin and underlying cash-flow potential. As such, the company's mid-teens growth in its annualized recurring revenue (ARR) will drop into cash-flow generation. The company's free cash flow (FCF) generation is set to rapidly expand in the coming years, making the stock attractive.Based on Wall Street analyst estimates, Trimble will trade at slightly less than 20 times the estimated FCF in 2025, a highly attractive multiple for a company growing ARR and FCF at a mid-teens rate.Image source: Getty Images.Freeport-McMoRan and the electrification of everythingThis copper miner is more of a global player in infrastructure than a U.S.-focused company. That said, the electrification of everything is a global trend, and more electrification means more demand for copper.Story continuesInfrastructure spending is a significant part of that trend. If you want electric vehicles, you must have charging networks. If you want renewable energy, you must connect it to the grid. You must have electrical networks if you want to invest in transportation, communication, or data infrastructure, and if you want smart infrastructure, you must have electricity.It's a powerful trend likely to drive demand for copper over the long term. Freeport-McMoRan is in a good position to meet that demand thanks to its pipeline of potential expansion projects, its value-enhancing leaching technology (recovering copper from existing stockpiles), and its low-cost production in Indonesia.In short, the miner has the resources and the financial flexibility to invest in increasing supply, and to benefit from increased prices for copper. That's why it's the best mining stock to buy in 2024.Atkore's best days lie aheadI don't know what Atkore's revenue will be in a few years, and I strongly suspect its management might tell you the same thing. That's not a negative reflection on the company; it's more of a recognition that its prices and revenue are guided by movements in its key raw materials like steel, copper, and polyvinyl chloride (PVC).So when those raw materials surged in 2021 and 2022, so did Atkore's revenue and earnings. It's a leading manufacturer of products used in electrical power systems in its electrical segment. It also manufactures metal frames and pipes -- among other things -- in its safety and infrastructure segment.ATKR Revenue (TTM) ChartWhat we do know is that, despite a drop in selling prices that reduced earnings before interest, taxation, depreciation, and amortization (EBITDA) by $130 million in the first quarter of 2024, Atkore's sales volumes improved EBITDA by $52 million. There was an improvement in costs by $38 million.AtkoreFirst Quarter 2023First Quarter 2024ChangePriceVolumeCost ChangesEBITDA$264 million$214 million$50 million($130 million)$52 million$38 millionData source: Atkore presentations. The change figure does not tally due to other items.The improvement in sales volumes and costs wasn't enough to fully offset the decline in pricing caused by the dramatic fall in raw materials prices that Atkore passed on to its customers.Still, the crucial point is that rising infrastructure spending positively affects sales volumes. If raw materials prices stabilize, that will drop down into increased sales and earnings in the future. As such, Atkore's earnings could significantly improve in the coming years, and so the stock looks like a good value trading on 10 times its estimated 2024 earnings.Should you invest $1,000 in Trimble right now?Before you buy stock in Trimble, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Trimble wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.See the 10 stocks*Stock Advisor returns as of March 8, 2024Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends Trimble. The Motley Fool has a disclosure policy.3 Infrastructure Stocks to Buy Hand Over Fist in March was originally published by The Motley Fool

Motley Fool

3 Infrastructure Stocks to Buy Hand Over Fist in March

https://finance.yahoo.com/news/3-infrastructure-stocks-buy-hand-100500816.html

1b47e9fd-7629-3ad2-8d71-ab475f108471

TRMB

This isn't an argument about whether PTC (NASDAQ: PTC) or Trimble (NASDAQ: TRMB) is the better company; both are great and have excellent long-term prospects. Instead, I think one stock has a notably better risk/reward profile and is worth buying now, while the other is fully valued and has some near-term risk around its full-year guidance.PTC has an exciting futureIndustrial software companies' solutions are the future of manufacturing. The digital revolution sweeping the manufacturing and industrial sectors is still in its early stages, which means that PTC will have many years of growth ahead.Image source: Getty Images.If there are two phrases every manufacturer will look at in the coming years, they are "digital thread" and "closed-loop cycle."The former refers to the integration of digital data through the entire lifecycle of a physical product. Whether it's in the design phase with computer-aided design (CAD) software, the gathering of data about the product throughout the manufacturing process using product lifecycle management (PLM), or even the enhancement of operations through connecting the product to the digital world with the internet of things (IoT) or augmented reality (AR), PTC has a solution.Meanwhile, the "closed-loop cycle" refers to continuous digital iteration and improvement throughout a product's lifecycle. So, for example, if data analytics suggest that a product can be manufactured better with a redesign during the manufacturing process, a design engineer can do that and even digitally test out the changes to the manufacturing process made by the redesign.PTC's risk/reward calculationThe company has an exciting future, and its solutions continue to gain traction. PTC has grown its annual run rate (ARR), defined as the "annualized value of our portfolio of active subscription software, cloud, SaaS, and support contracts" by a double-digit annual rate since 2017, and management is aiming for a yearly mid-teens growth rate over the medium term.Story continuesSo why on earth shouldn't you favor buying the stock?My concern is that the company has much to do to meet its full-year ARR guidance. Management's guidance calls for ARR to grow from $1.98 billion at the end of 2023 to $2.22 billion at the end of 2024, an increase of $241 million.ARR grew by $38 million in the first quarter, and management is guiding toward $41 million in the second quarter, making $79 million for the first half. Since the full-year guidance is for an increase of $241 million, it implies an increase of $162 million in the second half.Here's how that looks graphically.Chart by author. Data source: PTC presentations.Given that first-half growth is estimated to be less than that achieved in 2023 and the industrial economy is slowing in 2024, the second-half growth estimate looks like an ask.PTC may well hit this target, but I think there's reason for caution. Investors should look closely at what ARR PTC reports in its upcoming second quarter.Trimble's underlying growth is impressiveA quick look at the two companies' price charts shows that Trimble has had a much more volatile time of it over the last year. That's understandable, given that Trimble's full-year earnings came in at the light end of its original guidance. For example, the initial guidance for 2023 called for organic annualized recurring revenue growth in the "mid-teens," when it came in at 13%. Organic revenue growth guidance was 2% to 5% when it came in at 1%, and diluted earnings per share was $2.66, at the bottom of the guidance of $2.66 to $2.86.TRMB ChartThe positioning and workflow technology company is growing its software and recurring revenue as it's becoming an increasing part of its customers' daily workflow, and it continues to grow its annualized recurring revenue at a mid-teens rate. However, two of its end markets, agriculture (its agriculture business is now part of a joint venture with AGCO) and transportation, slowed markedly in 2023 due to lower crop prices and a cyclical economic slowdown.That said, the guidance for organic annualized recurring revenue growth in 2024 is 11% to 13%. Trimble is set to significantly improve cash-flow generation in the coming years as its recurring revenue drops into cash flow. In addition, the guidance looks reasonable considering the 13% organic growth in annualized recurring revenue in the fourth quarter.Stocks to buy?PTC and Trimble are set to grow earnings and cash flow significantly in 2024, but I think there's more risk around PTC's guidance than now. Cautious investors will want to wait and see what management is guiding them to after the next set of earnings. Meanwhile, Trimble's earnings could surprise on the upside in 2024 if it has excellent traction in building and construction, and its transportation end market might bottom out.Should you invest $1,000 in PTC right now?Before you buy stock in PTC, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and PTC wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.See the 10 stocks*Stock Advisor returns as of March 8, 2024Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends PTC and Trimble. The Motley Fool has a disclosure policy.1 Industrial Software Stock to Buy Hand Over Fist and 1 to Avoid was originally published by The Motley Fool

Motley Fool

1 Industrial Software Stock to Buy Hand Over Fist and 1 to Avoid

https://finance.yahoo.com/news/1-industrial-software-stock-buy-090100586.html

a5e234f1-2fc3-3e44-a30f-81702af465f1

TROW

This article was originally published on ETFTrends.com.Active ETFs had a big, big year in 2023. At the recent ETF Exchange conference in Miami, active strategies dominated the discussion, with growing interest among issuers and investors in actively managed funds. T. Rowe Price’s ETF suite is entirely actively managed, with the firm leaning on a fundamental approach. VettaFi sat down with T. Rowe Price’s Head of ETFs, Tim Coyne, to discuss the active trend and T. Rowe Price’s place in it.See more: "Active ETFs Gaining Popularity vs. Mutual Funds"The firm has seen its T. Rowe Price Capital Appreciation ETF (TCAF) skyrocket in AUM over the last few months. Having only launched in June, the strategy has gathered nearly $900 million in AUM per VettaFi data as of February 16th. That growth speaks to the firm’s growing role in the active investing landscape.“We still feel like we're very early days in our journey in developing high-quality products that we've brought to market,” Coyne said. “We're going to continue to expand on that.”The firm will look to continue leveraging its fundamental, bottom-up investment process, Coyne said. That process includes hundreds of meetings with companies around the world as a differentiator, for example, providing deep research on individual firms.White Space in Active ETFsAs noted by ETF Prime podcast host and ETF Store president Nate Geraci on Twitter, one trend at the conference focused on issuers seeing white space in active ETFs. For Coyne, the market does seem to be taking notice of a lack of “high quality” active ETFs.“There is clear demand for active strategies by advisors and, more broadly, investors,” Coyne said. “I do think there are certain asset classes that are underrepresented, including fixed income and, for instance, high yield. I think it's underrepresented in the ETF offering at the industry level.”For example, T. Rowe Price offers an active ETF focused on high yield. The firm’s T. Rowe Price U.S. High Yield ETF (THYF) charges only a 56 basis point (bps) fee to invest in high-yield debt instruments. It has outperformed its ETF Database and Factset Segment averages over the last year per VettaFi data.Story continuesT. Rowe Price's Active ETF SuiteCoyne added that the size gap between active mutual funds and active ETFs could present a big opportunity. The firm hasn’t filed for exemptive relief from the SEC for an ETF share class of mutual funds. T. Rowe Price is monitoring that process, however.He added that the firm will continue to look at building out a core offering, with the potential of looking at satellite products and perhaps thematics that could work with them. As for trends, Coyne sees growing adoption for active ETFs among model portfolios, with some that had previously used passive-only index ETFs now adding active ETFs to their holdings.“I think what's happened even from last year versus this year, active ETFs have definitely moved more mainstream. I think for a long time, ETFs were very synonymous with passive, and I think that story has changed,” Coyne said.“So, I think last year was a pivotal point, in terms of greater exposure, and I think the value proposition is more clearly understood on active ETFs,” he added.For more news, information, and strategy, visit the Active ETF Channel.POPULAR ARTICLES AND RESOURCES FROM ETFTRENDS.COMSPY ETF QuoteVOO ETF QuoteQQQ ETF QuoteVTI ETF QuoteJNUG ETF QuoteTop 34 Gold ETFs Top 34 Oil ETFs Top 57 Financials ETFs The Equity Symposium Is Coming March 13thMagnificent Seven Stocks Are in Different SectorsHigher For Longer In Focus at ExchangeMidstream Connects US Gas With Growing Mexican DemandThis Week in ETFs: 1 New ETF & a Raft of ClosuresREAD MORE AT ETFTRENDS.COM >

ETF Trends

T. Rowe Price’s Coyne on Active ETFs in 2024

https://finance.yahoo.com/news/t-rowe-price-coyne-active-200028388.html

87fbab74-489b-32ae-9c0c-c842349877cb

TROW

This article takes a look at the 20 best cities to retire for 2024. If you wish to skip our detailed analysis on financial concerns and optimal locations for golden years, you may go to 5 Best Cities to Retire for 2024. A Comprehensive Look at Financial Concerns and Optimal Locations for Golden YearsDoes the average retiree appear to be increasingly fixated on cost of living concerns? Recent trends seem to suggest this, especially when considering that the Cost of Living Adjustment (COLA) only recorded a modest 3.2% increase this year. While it's understandable that the Cost of Living Adjustment (COLA) rises in accordance with inflation, retirees are experiencing the harsh reality that their living expenses have not kept pace with this seemingly standardized measure.This news may be troubling to digest for those who have already retired, but the scenario for those who are on the way to their golden years is no different. According to a T. Rowe Price Group, Inc. (NASDAQ:TROW) study, 64% of baby boomers have reported having moderate to high levels of stress regarding their retirement savings. With 2024 already marking the beginning of the “Peak 65 zone”, a period between 2024 and 2027 that will witness record levels of Americans hitting the age of 65, and social security funds set to deplete by 2034, the retirement scenario is seemingly poised for significant shifts and challenges.A study by the Alliance for Lifetime Income (ALI) sheds light on these numbers, stating that the majority of Peak 65ers are worried about not having saved enough for retirement. While 66% are only worried about not having enough, 79% are in turn worried about the cost of healthcare during this period, a significant expense that needs to be taken care of by this demographic. Unfortunately, the International Foundation of Employee Benefit Health Plans (IFEBP) has forecasted a sizable hike in healthcare costs this year, almost 7%, due to factors such as catastrophic health claims, chronic health conditions, and also rising prescription drug prices.Story continuesConsidering these numbers, the more prudent choice for a potential retiree seems to be proactive. We at Insider Monkey believe even if you are 50 years old with no retirement savings, there is still a chance to catch up. With that said, many financial companies and advisors also recommend their lines of action for potential retirees to pursue:“Having a plan in place will make it easier for you to track your progress during the year. Things will change throughout the year, but starting with a plan will help you stay focused. The most successful plans aren’t just written and filed away; they’re revisited regularly”- Roger Young, CFP®, a thought leadership director with T. Rowe Price Group, Inc. (NASDAQ:TROW).Financial wellness programs and services such as those offered by T. Rowe Price Group, Inc. (NASDAQ:TROW), The Charles Schwab Corporation (NYSE:SCHW), and other firms can help potential retirees save optimal amounts for their retirement years. While focusing on retirement savings and starting with a plan is important, potential retirees should also focus on making a move when necessary. Of course, accounting for necessary factors such as cost of living, taxes, and even proximity to friends and family is important.As such, some of the best states to retire in 2024 include the Carolinas, Mississippi, and Iowa. Revered for their tax-friendly environment and low cost of living, these states are ideal for retirees on a budget. However, not all the places in these states may be the most ideal for living. Some may have a low cost of living but lack health facilities, others may have a higher cost of living, yet many others may not have adequate amenities available to allow living a comfortable requirement. To help you land in the perfect retirement spot that offers the best balance of cost of living, health, and amenities, we have crafted a list of the best cities to retire.20 Best Cities to Retire for 2024zach-vessels-yTNu3rcjxiU-unsplashMethodologyTo compile the list of best cities to retire for 2024, we have rounded down a list of best cities from US News Real Estate, Becker's Hospital Review, Kiplinger, Fox Business, and Business Insider, to name a few. Next, we ranked them on factors such as cost of living, median home price, health, and livability. Median home prices have been sourced from Redfin, health ranks are from Becker’s Hospital Review, and livability scores are from Area Vibes.Places were individually scored on each factor and their sums were added to generate a unique Insider Monkey Score. Finally, the places have been ranked in ascending order from the lowest to the highest scores. It must be noted that retirees should visit a certain destination, assess the local amenities and community, and determine how well the city aligns with their specific retirement goals and lifestyle preferences before making a decision.By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a similar consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.Here are the best cities to retire for 2024:20. Jacksonville, FloridaInsider Monkey Score: 52     Cost of Living Index: 95.7Median Home Price: $290,000 Livability Score: 80State Health Rank: 31 Sneaking onto the scene from our recently unveiled list of the most affordable places to retire in 2024, Jacksonville has proven to be more than just a budget-friendly retirement destination. This city is an all-rounder when it comes to health, taxes, temperatures, and proximity to the coast. The sunshine state of Florida doesn't tax retirement income, making sure retirees receive their retirement dollars tax-free.19. Durham, North CarolinaInsider Monkey Score: 54Cost of Living Index: 98.8Median Home Price: $391,000 Livability Score: 81    State Health Rank: 32Part of the Research Triangle Park, the highly educated university town of Durham is the ideal place for retirees who wish to embark on a journey of lifelong learning. Retiring in a university town has its unique set of perks, like a dynamic environment with many events and opportunities for intellectual stimulation. Additionally, the city has excellent healthcare facilities, a vibrant cultural scene, a mild climate, and delectable culinary delights.18. Pensacola, FloridaInsider Monkey Score: 55Cost of Living Index: 89Median Home Price: $290,000         Livability Score: 79    State Health Rank: 31Pensacola doesn’t just cut it to our list of best cities to retire for 2024 because of its white-sandy beaches, but also because it provides an ideal combination of affordability and amenities. Since our last take on Pensacola as the best city in northern Florida to retire, the warm haven has improved 7 points in its livability rank as well.17. Allentown, PennsylvaniaInsider Monkey Score: 57     Cost of Living Index: 97.9     Median Home Price: $223,000         Livability Score: 78    State Health Rank: 23Allentown has previously been making rounds for being one of the most affordable places to retire in recent years. From its high-quality healthcare to its active lifestyle and obvious housing affordability, living in this city allows retirees to enjoy a more comfortable retirement.16. Rochester, New YorkInsider Monkey Score: 60     Cost of Living Index: 88.6     Median Home Price: $140,000         Livability Score: 75    State Health Rank: 27The thought of retiring to an expensive state such as New York can be scary. Notorious for its cost of living and taxes, one inexpensive little New York gem is an exception to our list of best cities to retire for 2024.  Rochester is famous for its welcoming aura, renowned healthcare institutions such as the Mayo Clinic, its distinct seasons, and good quality of life.15. Morgantown, West VirginiaInsider Monkey Score: 62     Cost of Living Index: 89.8Median Home Price: $340,000         Livability Score: 82    State Health Rank: 45Our only West Virginia pick, Morgantown is hands down one of the best places to retire in the South. Beyond its affordability, the greenest city in the state prides itself on its robust healthcare institutions, diverse urban amenities, and a welcoming community-oriented atmosphere.14. Akron, OhioInsider Monkey Score: 63     Cost of Living Index: 80.8     Median Home Price: $125,000         Livability Score: 80    State Health Rank: 36For those on limited budgets, Akron can be their best bet. Situated in Ohio, this city is home to reputable healthcare facilities, a variety of cultural attractions, and lots of parks, scenic trails, and nature reserves.13. Youngstown, OhioInsider Monkey Score: 65     Cost of Living Index: 74.4Median Home Price: $130,000 Livability Score: 80   State Health Rank: 36For the retiree who wishes to enjoy the golden years at an affordable price point, Youngstown can be one of the best options to consider. Adequate health facilities, affordable housing, and a low cost of living make Youngstown one of the best cities to retire in 2024. 12. Syracuse, New YorkInsider Monkey Score: 65     Cost of Living Index: 87.4Median Home Price: $150,000 Livability Score: 78   State Health Rank: 27Boasting a surprisingly low cost of living as compared to the state average, Syracuse is home to reputable healthcare institutions, plentiful cultural attractions, and a university-town atmosphere conducive to lifelong learning.11. Boise, IdahoInsider Monkey Score: 66Cost of Living Index: 119.6   Median Home Price: $465,000 Livability Score: 83   State Health Rank: 20Ranking 11th on our list of best cities to retire for 2024 is Boise, the only Idaho pick in our list. Boasting a mild climate, a walkable downtown, and an active lifestyle culture, the capital city is easily one of the best places to retire for active adults.  10. Lancaster, PennsylvaniaInsider Monkey Score: 72Cost of Living Index: 99.5     Median Home Price: $240,000 Livability Score: 82   State Health Rank: 23Lancaster has never been our best-kept secret, but it doesn’t fail to amaze those who are new to the town. Affordable housing, reasonable living expenses, and a great livability score make Lancaster one of the best cities to retire in 2024.9. Ann Arbor, MichiganInsider Monkey Score: 74     Cost of Living Index: 105.5   Median Home Price: $446,000         Livability Score: 89    State Health Rank: 26Leafy Ann Arbor may not be appreciated for the cold, but things are perfect for a senior otherwise. With its accessible amenities, walkable downtown area, and an abundance of recreational opportunities, Ann Arbor emerges as a sensible choice for retirees in search of a destination that lets them enjoy their golden years without breaking the bank.8. Ogden, UtahInsider Monkey Score: 75     Cost of Living Index: 107.2   Median Home Price: $370,000Livability Score: 83    State Health Rank: 9Especially popular with military retirees, Ogden happens to be near Salt Lake City, providing retirees with access to the amenities and cultural attractions of a larger city without having to live in a bustling urban environment. Reputable healthcare facilities, a four-season climate, and a welcoming community atmosphere make Ogden a nice place to retire in the US.7. Madison, WisconsinInsider Monkey Score: 76     Cost of Living Index: 103.4   Median Home Price: $385,000Livability Score: 81    State Health Rank: 22Next up on our list of best cities to retire for 2024 is Madison, Wisconsin. Not only does the city boast good healthcare facilities, but is also famous for having numerous avenues for physical activity. Active adults would especially love to come and live here. Other than that, the city also boasts a good livability score.6. Fort Wayne, IndianaInsider Monkey Score: 77     Cost of Living Index: 82Median Home Price: $191,000         Livability Score: 83    State Health Rank: 35Do best and cheapest go together? Our rankings state that they do. Fort Wayne has been making rounds as one of the cheapest places across America to retire to, before moving on to be included here. Offering an ideal combination of affordability, cultural amenities, and a friendly community atmosphere, it is a great place to be in your golden years.Click to continue reading and see the 5 Best Cities to Retire for 2024. Suggested Articles:25 Most Affordable Places to Retire in the U.S. in 202430 Best Places to Visit in the US in the Spring35 Best Places to Live in the U.S. for Quality of LifeDisclosure: none. 20 Best Cities to Retire for 2024 is originally published on Insider Monkey.

Insider Monkey

20 Best Cities to Retire for 2024

https://finance.yahoo.com/news/20-best-cities-retire-2024-150533609.html

20f8a4b0-fb72-3dd1-864a-d100d88f0024

TROW

Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.Should You Buy #1 (Strong Buy)-Ranked T. Rowe Price (TROW) for Your Portfolio?T. Rowe Price was upgraded to the Zacks Rank #1 list on March 7, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.Founded in 1937 and headquartered in Baltimore, T. Rowe Price Group, Inc. is a global investment management organization that provides a broad array of mutual funds, sub-advisory services and separate account management for individual and institutional investors, retirement plans and financial intermediaries. Through its subsidiaries, the company manages separate client-focused equity, fixed income and balanced portfolios along with mutual funds. Its client base includes individual investors, defined contribution retirement plans, institutional investors and third-party distributors, among others. The company operates worldwide from the United States, England, Luxembourg, Australia, Hong Kong, Japan and Singapore.Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.94 to $7.75 per share. TROW boasts an average earnings surprise of 13.3%.Analysts are expecting earnings to grow 2.1% for the current fiscal year, with revenue forecasted to rise 4.9%.Additionally, TROW has climbed higher over the past four weeks, gaining 6.6%. The S&P 500 is up 3.2% in comparison.Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, T. Rowe Price could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.Story continuesWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportT. Rowe Price Group, Inc. (TROW) : Free Stock Analysis ReportZacks Investment Research

Zacks

How to Find Strong Buy Finance Stocks Using the Zacks Rank

https://finance.yahoo.com/news/strong-buy-finance-stocks-using-144003039.html

bf32af34-ce30-3dfc-8e97-ae4372f7d42c

TROW

Director HRABOWSKI FREEMAN A III has executed a sale of 8,740 shares of T. Rowe Price Group Inc (NASDAQ:TROW) on March 8, 2024, according to a recent SEC filing.T. Rowe Price Group Inc is a global investment management organization that offers a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools.The insider's transaction history over the past year indicates that HRABOWSKI FREEMAN A III has sold a total of 8,740 shares and has not made any purchases of the company's stock.Director HRABOWSKI FREEMAN A III Sells Shares of T. Rowe Price Group Inc (TROW)The overall insider transaction trend for T. Rowe Price Group Inc shows a pattern of 0 insider buys and 11 insider sells over the past year.On the valuation front, T. Rowe Price Group Inc's shares were trading at $118.32 on the day of the insider's recent transaction. The company has a market cap of $26.302 billion.The price-earnings ratio of the company stands at 15.15, which is above the industry median of 13.67 but below the company's historical median price-earnings ratio.Director HRABOWSKI FREEMAN A III Sells Shares of T. Rowe Price Group Inc (TROW)Considering the stock's price of $118.32 and the GuruFocus Value of $116.56, T. Rowe Price Group Inc has a price-to-GF-Value ratio of 1.02, indicating that the stock is Fairly Valued based on its GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.Warning! GuruFocus has detected 7 Warning Signs with TROW.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Director HRABOWSKI FREEMAN A III Sells Shares of T. Rowe Price Group Inc (TROW)

https://finance.yahoo.com/news/director-hrabowski-freeman-iii-sells-210026581.html

5ff202a8-f3d7-3385-9796-800f45af1f4e

TRV

Government officials and business leaders join Travelers public policy experts to host six cybersecurity education and preparedness events across the United StatesHARTFORD, Conn., February 26, 2024--(BUSINESS WIRE)--The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced the start of its Cyber: Prepare, Prevent, Mitigate, Restore® 2024 tour schedule. The events help businesses manage the evolving landscape of cyber threats.According to the 2023 Travelers Risk Index, more than half of business owners surveyed think it is inevitable that their business will experience a cybercrime, and almost a quarter already have. The overwhelming majority of respondents (81%) believe that having proper cybersecurity controls in place is critical to the well-being of their company."Cyber risks can cause major operational and financial disruption to an organization, which is why it’s important for businesses – particularly small enterprises – to take preventive measures," said Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers. "Since 2016, we’ve convened top experts from the public and private sectors at more than 50 events to raise awareness about key cybersecurity trends, share best practices and empower businesses to bolster their cyber safety."Sessions will feature keynote addresses, panel discussions and opportunities to engage with cybersecurity experts from Travelers, the U.S. Small Business Administration (SBA), the Cybersecurity and Infrastructure Security Agency (CISA) and other organizations.Schedule DetailsThe first program is scheduled for Tuesday, Feb. 27, in Salt Lake City, Utah.Aikta Marcoulier, Regional Administrator, Region VIII, SBA, will deliver opening remarks, followed by a keynote address from Dr. Shawn P. Murray, President, Information Systems Security Association International. A panel moderated by Woodward will feature Dr. Murray; Carolyn Purwin Ryan, Partner at Mullen Coughlin; and Rehman Khan, Assistant Vice President, Cyber Risk Management at Travelers.Story continuesUpcoming events include:Feb. 27 – Salt Lake City, Utah.April 30 – San Antonio, Texas.June 4 – Tampa, Florida.June 6 – Nashville, Tennessee.June 13 – Greater Chicago, Illinois.June 27 – St. Louis, Missouri."Securing your business against cyber threats is not just a choice – it’s a necessity," said Marcoulier. "Nearly 70% of small firms have established an online sales presence since the pandemic, and that number is climbing each year. The SBA has made it a priority to help business owners understand the importance of cybersecurity and ways they can safeguard their customers’ data."Travelers Institute programs are free and open to the public.More information about the Cyber: Prepare, Prevent, Mitigate, Restore® live events and registration details can be found here.About the Travelers InstituteThe Travelers Institute, the public policy division of The Travelers Companies, Inc., engages in discussion and analysis of public policy topics of importance to the insurance marketplace and to the financial services industry more broadly. The Travelers Institute draws upon the industry expertise of Travelers’ senior management as well as the technical expertise of many of Travelers’ underwriters, risk managers and other experts to provide information, analysis and solutions to public policymakers and regulators. Travelers is a leading provider of property casualty insurance for auto, home and business. For more information, visit Travelers.com.View source version on businesswire.com: https://www.businesswire.com/news/home/20240223747368/en/ContactsMedia: Janette Baxter, [email protected]

Business Wire

Travelers Institute Launches 2024 National Cybersecurity Tour

https://finance.yahoo.com/news/travelers-institute-launches-2024-national-140000136.html

2f36cbb8-4754-3eb7-8efa-8bf6dd6beb9c

TRV

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.The Travelers Companies (TRV) is a stock many investors are watching right now. TRV is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 12.33, while its industry has an average P/E of 28.46. TRV's Forward P/E has been as high as 17.36 and as low as 10.11, with a median of 11.35, all within the past year.We also note that TRV holds a PEG ratio of 1.07. 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. TRV's industry currently sports an average PEG of 2.68. Over the last 12 months, TRV's PEG has been as high as 2.24 and as low as 0.99, with a median of 1.11.Finally, we should also recognize that TRV has a P/CF ratio of 5.17. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. TRV's current P/CF looks attractive when compared to its industry's average P/CF of 10.03. Over the past year, TRV's P/CF has been as high as 5.17 and as low as 4.08, with a median of 4.45.Story continuesThese are only a few of the key metrics included in The Travelers Companies's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, TRV looks like an impressive value stock at the moment.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 Travelers Companies, Inc. (TRV) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Are Investors Undervaluing The Travelers Companies (TRV) Right Now?

https://finance.yahoo.com/news/investors-undervaluing-travelers-companies-trv-144016065.html

087d4982-5f1e-3084-85a3-5c14acc7ddb2

TRV

U.S. stock markets have maintained their northward journey in 2024 after an astonishing rally in 2023. The bull run has gained further thrust as major stock indexes have posted multiple all-time highs on both intraday and closing basis so far this year. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 2.7%, 8% and 8.9%.However, the major driver of last year’s and this year’s rally was globally booming artificial intelligence (AI), especially generative AI. Companies that have extensive application of AI in their final products have become multi-baggers in the past 15 months. Stock prices of some of these companies have skyrocketed 200-300% during this period.These highly overvalued stocks make a large section of financial researchers and analysts skeptical of investing, although the near-term business outlook of these entities remains solid. The current overstretched valuation of these stocks makes them less attractive in the investing arena.Meanwhile, several old economy stocks from sectors such as industrials, finance, auto, materials and consumer defensive have popped year to date. Investing in these untapped stocks with a favorable Zacks Rank should lead to profits.Our Top PicksWe have narrowed our search to five old economy stocks that have provided double-digit returns year to date and have more upside left. These stocks have seen positive earnings estimate revisions in the last 30 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The chart below shows the price performance of our five picks year to date.Zacks Investment ResearchImage Source: Zacks Investment ResearchAmerican Express Co. AXP has benefited from growth initiatives, such as launching new products, reaching new agreements and forging alliances. Consumer spending on T&E, which carries higher margins for AXP, is advancing well. AXP’s balance sheet looks strong with ample cash. Solid cash-generation abilities enable the pursuit of business investments and prudent deployment of capital via buybacks and dividends.Story continuesAmerican Express has an expected revenue and earnings growth rate of 9.4% and 14.4%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 30 days. The stock price of AXP has jumped 19.3% year to date.The Travelers Companies Inc. TRV boasts a strong market presence in auto, homeowners’ insurance and commercial U.S. property-casualty insurance with solid inorganic growth. A high retention rate, a rise in new business and positive renewal premium change bode well.TRV’s commercial businesses should perform well owing to market stability. TRV remains optimistic about the personal line of business, given growth at profitable agencies like auto and homeowners businesses. Strong and reliable returns from the growing fixed-income portfolio should drive net investment income. Sufficient capital boosts shareholder value. TRV aims for a mid-teens core return on equity over time.The Travelers Companies has an expected revenue and earnings growth rate of 11.8% and 34.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the last 30 days. The stock price of TRV has rallied 14.7% year to date.Parker-Hannifin Corp. PH is benefiting from higher demand from distributors and end users across the oil and gas, material handling, cars and light trucks, and farm and agriculture markets in the North American region within the Diversified Industrial segment.Higher volume across all businesses, especially the commercial and military aftermarket businesses bolstered PH’s Aerospace Systems unit. Synergies from the Meggitt buyout are also aiding PH. Benefits from the Win strategy are driving PH’s margins.Parker-Hannifin has an expected revenue and earnings growth rate of 4.5% and 11.7%, respectively, for the current year (ending June 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the last seven days. The stock price of TRV has climbed 16.7% year to date.General Motors Co.’s GM compelling electric vehicle (EV) and internal combustion engine portfolio, displaying strong demand for its quality pickups and SUVs, bodes well. GM retained the U.S. auto sales crown in 2023. Its massive EV push is commendable.GM plans to roll out 30 fresh EV models by 2025-end. General Motors’ Ultium Drive system and battery plants in Ohio, Tennessee and Lansing are likely to scale up its e-mobility prowess. GM is on track to deliver on its $2 billion net cost reduction program by 2024 end. Its superior liquidity profile and investor-friendly moves bode well.General Motors has an expected revenue and earnings growth rate of 1.8% and 17.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.9% over the last 30 days. The stock price of GM has advanced 10% year to date.Colgate-Palmolive Co. CL has been gaining from strong pricing, and the benefits of funding growth and other productivity efforts. This, along with solid business momentum, led to a robust performance during fourth-quarter 2023.In addition, accelerated revenue growth management plans aided CL’s organic sales in the fourth quarter. In fact, 2023 marked the fifth straight year of organic sales growth either in line or ahead of the 3-5% long-term goal. As a result, CL anticipates net sales growth of 1-4% for 2024.Colgate-Palmolive has an expected revenue and earnings growth rate of 3.7% and 7.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the last 30 days. The stock price of CL has appreciated 10.5% year to date.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 reportAmerican Express Company (AXP) : Free Stock Analysis ReportParker-Hannifin Corporation (PH) : Free Stock Analysis ReportThe Travelers Companies, Inc. (TRV) : Free Stock Analysis ReportColgate-Palmolive Company (CL) : Free Stock Analysis ReportGeneral Motors Company (GM) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Forget AI, Invest in 5 Surging Old Economy Stocks for Gains

https://finance.yahoo.com/news/forget-ai-invest-5-surging-120600383.html

ed792144-ff34-3db7-829b-8a756d7fe0fd

TRV

For Immediate ReleaseChicago, IL – March 11, 2024 – Today, Zacks Equity Research discusses Berkshire Hathaway Inc.(BRK.B), The Progressive Corp. PGR, Chubb Limited CB, The Travelers Companies TRV and AXIS Capital Holdings AXS.Industry: Property & Casualty InsuranceLink: https://www.zacks.com/commentary/2237817/5-property-casualty-insurers-to-buy-as-pricing-improvesThe Zacks Property and Casualty Insurance (P&C) industry is likely to benefit from better pricing, prudent underwriting and exposure growth. Industry players like Berkshire Hathaway Inc., The Progressive Corp., Chubb Limited, The Travelers Companies and AXIS Capital Holdings are poised to grow despite a rise in catastrophic activities. Given an active catastrophe environment, the policy renewal rate should accelerate. Also, the increasing adoption of technology and the emergence of insurtech will help the industry players function smoothly.Though the industry is witnessing an increase in premium pricing, the magnitude has decreased in the last 12 quarters. Nonetheless, an improvement in surplus and accelerated economic activities set the stage for a better M&A environment. Per a report in Carrier Management, AM Best expects profitable commercial lines and improving personal lines, coupled with higher investment returns on increased yields and strong cash flow, to drive the industry's performance in 2024.About the IndustryThe Zacks Property and Casualty Insurance industry comprises companies that provide commercial and personal property insurance, and casualty insurance products and services. Such insurance helps to safeguard property in case of any natural or man-made disasters. Liability coverages are also provided by some industry players. The insurance coverage offered also includes automobiles, professional risk, marine, excess casualty, aviation, personal accident, commercial multi-peril, and professional indemnity and surety.Story continuesPremiums are the primary source of revenues. Better pricing and increased exposure drive premiums. These companies invest a portion of premiums to meet their commitments to policyholders. The Fed made four hikes in 2023, taking the tally to 11 since March 2022. An improving rate environment is a boon for insurers, especially long-tail insurers.4 Trends Shaping the Future of the Property and Casualty Insurance IndustryImproved pricing to help navigate claims: Catastrophes are a concern for insurers due to the high degree of losses incurred. Insurers implement price hikes to ensure uninterrupted claims payment. Global commercial insurance prices rose for 25 straight quarters, per Marsh Global Insurance Market Index. Better pricing will help insurers write higher premiums and address claims payment prudently.Per Fitch Ratings, personal auto is likely to deliver better performance in 2024. This, coupled with better investment results and lower claims, should fuel insurers' performance per Fitch Ratings. Per Deloitte Insights, gross premiums are estimated to increase sixfold to $722 billion by 2030. Analysts at Swiss Re Institute predict premiums to grow 5.5% in 2024.Catastrophe loss induces volatility in underwriting profits: The P&C insurance industry is susceptible to catastrophe events, which drag down underwriting profits. Per reports in Aon, total economic losses were $380 billion in 2023, while insured losses were $118 million. According to AM Best, total net underwriting loss was $38 billion in 2023, a 10-year high, largely attributable to weather-related losses, high inflation as well as reinsurance pricing pressure.The combined ratio was 103.7 for the same time frame per the credit rating giant, to which catastrophe losses added 780 basis points. The credit rating giant also estimates cat loss to contribute 680 basis points to the expected combined ratio of 100.7 in 2024. Underwriting losses are expected to be primarily due to soft performance in personal lines, which are expected to witness higher catastrophe losses per Insurance Information Institute and Milliman.However, exposure growth, better pricing, prudent underwriting and favorable reserve development will help withstand the blow. Also, frequent occurrences of natural disasters should accelerate the policy renewal rate.Merger and acquisitions: Consolidation in the property and casualty industry is likely to continue as players look to diversify their operations into new business lines and geography. Buying businesses along the same lines will also continue as players look to gain market share and grow in their niche areas. With a sturdy capital level, the industry is witnessing a number of mergers, acquisitions and consolidations. Deloitte estimates more mergers and acquisitions in the reinsurance space in 2024.Increased adoption of technology: The industry is witnessing increased use of technology like blockchain, artificial intelligence, advanced analytics, telematics, cloud computing and robotic process automation that expedite business operations and save costs. The industry has also witnessed the emergence of insurtech — technology-led insurers — which creates competition for incumbent players. Insurers continue to invest heavily in technology to improve scale and efficiencies. However, with insurtechs using the latest technologies and concepts that the incumbents are just beginning to experiment with, there remains a huge market risk. The use of technology also poses cyber threats.Zacks Industry Rank Indicates Bright ProspectsThe group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates rosy prospects in the near term. The Zacks Property and Casualty Insurance industry, which is housed within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #34, which places it in the top 13% of more than 250 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry's positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Earnings estimates have increased 0.8% in a year.Before we present a few property and casualty stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.Industry Outperforms S&P 500 and SectorThe Property and Casualty Insurance industry has outperformed both the Zacks S&P 500 composite as well as its sector over the past year. The stocks in this industry have collectively risen 26.6% in a year compared with the Finance sector and the Zacks S&P 500 composite's increases of 17.1% and 25.7%, respectively.Current ValuationOn the basis of the trailing 12-month price-to-book (P/B), which is commonly used for valuing insurance stocks, the industry is currently trading at 1.44X compared with the S&P 500's 6.25X and the sector's 3.51X.Over the past five years, the industry has traded as high as 1.55X, as low as 0.97X and at the median of 1.39X.5 Property and Casualty Insurance Stocks to Add to Your PortfolioWe are recommending two Zacks Rank #1 (Strong Buy) stocks and three Zacks Rank #2 (Buy) stocks from the P&C Insurance industry. You can see the complete list of today's Zacks #1 Rank stocks here.The Progressive Corporation: Based in Mayfield Village, OH, Progressive is one of the major auto insurers in the country. Better pricing, a compelling portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and solid capital position poise this Zacks Rank #1 insurer well for growth.The Zacks Consensus Estimate for PGR's 2024 and 2025 earnings suggests 50.7% and 14.1%, year-over-year growth respectively. The consensus estimate for 2024 and 2025 has moved up 4.1% and 0.3%, respectively, in the past seven days. The expected long-term earnings growth rate is pegged at 21.7%, better than the industry average of 11.9%.AXIS Capital Holdings Ltd.: Bermuda-based AXIS Capital provides a broad range of specialty insurance and reinsurance solutions on a worldwide basis. Its compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position poise this Zacks Rank #1 insurer well for growth. This insurer boasts one of the highest dividend yields among its peers and has raised its dividend for 18 consecutive years.The Zacks Consensus Estimate for AXIS Capital's 2024 and 2025 earnings suggests 3.1% and 10.1% respective year-over-year growth. The consensus estimate for 2024 and 2025 has moved up 0.1% and 10.9%, respectively, in the past 30 days. AXIS Capital's earnings surpassed estimates in each of the last four quarters, the average surprise being 102.57%. The expected long-term earnings growth rate is pegged at 5%.Berkshire Hathaway: Omaha, NE-based Berkshire Hathaway owns more than 90 subsidiaries in insurance, railroads, utilities, manufacturing services, retail and homebuilding. BRK.B is one of the largest property and casualty insurance companies measured by premium volume. BRK.B, carrying a Zacks Rank #2, should continue to benefit from its growing Insurance business as well as Manufacturing, Service and Retailing, and Finance and Financial Products segments. Continued insurance business growth fuels an increase in float, drives earnings and generates maximum return on equity. With Warren Buffett at its helm, Berkshire continues to create tremendous value for shareholders.The Zacks Consensus Estimate for 2024 and 2025 bottom line suggests a year-over-year increase of 7.7% and 15.3%, respectively. The consensus estimate for 2024 has moved up 1.8% in the past 30 days. The expected long-term earnings growth rate is 7%.The Travelers Companies: Based in New York, this Zacks Rank #2 insurer provides a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States. and select international markets. Strong renewal rate change, retention, increase in new business supported by a compelling portfolio and a solid capital position poise TRV well for growth. The company raised its dividend for the 19th consecutive year at a compound annual growth rate of 8% over that period.The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 0.4% and 0.1% north respectively in the past 30 days. The consensus estimate for 2024 and 2025 earnings indicates a year-over-year improvement of 34.7% and 13.8%, respectively. The expected long-term earnings growth rate is 11.5%.Chubb: Based in Zurich, Switzerland, Chubb is one of the world's largest providers of P&C insurance and reinsurance. It has diversified through acquisitions into many specialty lines and also provides specialized insurance products. This Zacks Rank #2 insurer is poised to benefit from its focus on capitalizing on the potential of middle-market businesses and strategic initiatives, which pave the way for long-term growth. Chubb has hiked dividends for the last 30 straight years.The Zacks Consensus Estimate for 2025 bottom line has moved 3 cents north in the past 30 days. The Zacks Consensus Estimate for 2025 earnings indicates an improvement of 10.5% year over year. The expected long-term earnings growth rate is 10%.Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Media ContactZacks Investment Research800-767-3771 ext. [email protected]://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.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 Travelers Companies, Inc. (TRV) : Free Stock Analysis ReportChubb Limited (CB) : Free Stock Analysis ReportBerkshire Hathaway Inc. (BRK.B) : Free Stock Analysis ReportAxis Capital Holdings Limited (AXS) : Free Stock Analysis ReportThe Progressive Corporation (PGR) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Zacks Industry Outlook Highlights Berkshire Hathaway, The Progressive, Chubb, The Travelers Companies and AXIS Capital Holdings

https://finance.yahoo.com/news/zacks-industry-outlook-highlights-berkshire-134000914.html

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Tractor Supply Co's robust brand presence and diversified product offerings drive its market leadership in the rural lifestyle retail sector.Despite a strong balance sheet, the company must navigate supply chain complexities and competitive pressures.Opportunities for growth through digital expansion and market penetration are counterbalanced by the threats of unpredictable weather patterns and economic fluctuations.Warning! GuruFocus has detected 5 Warning Sign with TSCO.On February 23, 2024, Tractor Supply Co (NASDAQ:TSCO), the largest rural lifestyle retailer in the United States, filed its 10-K report, revealing a comprehensive overview of its financial health and strategic positioning. With a network of 2,414 retail stores across 49 states, Tractor Supply Co has cemented its status as a central supplier for the "Out Here" lifestyle. The company's financial tables from the filing indicate a robust performance, with a diverse product mix contributing to a steady revenue stream. Livestock and pet products, hardware, tools, truck items, and seasonal gifts and toys remain the pillars of its revenue, ensuring resilience against market volatility. The company's commitment to enhancing customer experience through store remodels and digital initiatives underscores its proactive approach to growth and customer retention.Decoding Tractor Supply Co (TSCO): A Strategic SWOT InsightStrengthsBrand Recognition and Customer Loyalty: Tractor Supply Co's brand is synonymous with the rural lifestyle, catering to a niche yet substantial customer base. The company's strategic focus on recreational farmers and ranchers has fostered a loyal following, with its exclusive brands accounting for approximately 29% of total sales in fiscal 2023. This brand power is not only a testament to Tractor Supply Co's market positioning but also to its ability to offer products that resonate with its customers' unique needs.Financial Resilience: Tractor Supply Co's financials reflect a strong balance sheet, with an aggregate market value of approximately $19.8 billion as of July 1, 2023. The company's ability to maintain a diversified product range, with no single product accounting for more than 10% of sales, demonstrates a strategic approach to risk management and revenue generation. This financial stability provides a solid foundation for future investments and expansion.Story continuesWeaknessesSupply Chain Complexities: While Tractor Supply Co has navigated supply chain disruptions with relative success, the global logistics landscape remains a challenge. The company sources products from approximately 1,000 vendors, and although no single vendor accounts for more than 10% of purchases, the complexity and cost of maintaining such a diverse supply chain are significant. This exposes the company to potential vulnerabilities in product availability and cost efficiency.Competitive Pressures: The retail sector, particularly the niche in which Tractor Supply Co operates, is highly competitive. The company faces competition from general merchandise retailers, home centers, pet retailers, and internet-based retailers. To maintain its market share, Tractor Supply Co must continuously innovate and differentiate its offerings, which can strain resources and margins.OpportunitiesDigital Expansion: Tractor Supply Co's investment in digital and omni-channel capabilities presents significant growth opportunities. The company's focus on enhancing its online presence and mobile application can attract a broader customer base and cater to the evolving shopping preferences of consumers. This digital push can also streamline operations and improve inventory management.Market Penetration: With plans to open approximately 80 new Tractor Supply and 10 to 15 new Petsense by Tractor Supply stores in fiscal 2024, the company is poised for further market penetration. This expansion strategy, coupled with the company's proven method for selecting store sites, can lead to increased market share and revenue growth.ThreatsWeather and Climate Risks: Tractor Supply Co's business is highly seasonal and sensitive to weather patterns. Unseasonal weather can disrupt sales and supply chains, while extreme weather events can lead to store closures and inventory damage. The long-term impacts of climate change pose additional risks to the company's operations and cost structures.Economic Fluctuations: Economic downturns can significantly impact consumer spending, particularly in the discretionary segments that Tractor Supply Co serves. The company's performance is tied to the financial health of its core customer base, making it susceptible to broader economic trends and consumer confidence levels.In conclusion, Tractor Supply Co (NASDAQ:TSCO) exhibits a strong market presence and financial stability, underpinned by its brand recognition and diversified product offerings. However, the company must address supply chain complexities and competitive pressures to sustain its growth trajectory. Opportunities for expansion through digital initiatives and market penetration are promising, yet they are tempered by the threats of adverse weather conditions and economic uncertainty. Tractor Supply Co's strategic focus on customer experience and operational excellence positions it well to navigate these challenges and capitalize on its strengths in the evolving rural lifestyle retail landscape.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on GuruFocus.

GuruFocus.com

Decoding Tractor Supply Co (TSCO): A Strategic SWOT Insight

https://finance.yahoo.com/news/decoding-tractor-supply-co-tsco-050452858.html

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In this article, we discuss 13 best consumer cyclical dividend stocks to invest in. You can skip our detailed analysis of the consumer cyclical sector and its performance over the years, and go directly to read 5 Best Consumer Cyclical Dividend Stocks To Invest In. Consumer cyclical companies produce goods and services that are considered non-essential or discretionary, meaning consumers are more likely to purchase them when they have extra income or feel confident about their financial situation. Consumer cyclical stocks include companies in sectors such as retail, automotive, travel and leisure, entertainment, and luxury goods.Over the past year, we've seen clear evidence that consumers have remained strong despite challenges like high inflation, increasing interest rates, and greater recession concerns. This resilience notably buoyed the performance of stocks within the consumer discretionary sector, which includes businesses offering non-essential products and services such as apparel, automobiles, and accommodations. The S&P 500 Consumer Discretionary Index ended 2023 with a total return of 42.41%, reporting one of its best years on record. In addition to the support from a strong consumer base, the stocks in this sector also gained from broader market trends that propelled the overall stock market higher in 2023. These trends included relief as the Federal Reserve signaled the potential end of its rate-hiking cycle as the year progressed. Furthermore, sector-level performance was boosted by specific issues affecting some of the largest companies within it. Amazon.com, Inc. (NASDAQ:AMZN) and Tesla, Inc. (NASDAQ:TSLA), the two largest companies in the sector by a significant margin, have both seen remarkable gains in the past year, driven by the surge in mega-cap, tech-related stocks. Additionally, both companies are considered potential investment opportunities in the field of artificial intelligence.After experiencing robust performance in 2023, analysts are also showing a preference for the sector in the current year. Rob Haworth, senior investment strategy director at U.S. Bank Wealth Management, stated that consumers' willingness to sustain moderate spending growth has been crucial for the economy. He suggested that this could be attributed, at least in part, to the robust labor market and notable wage increases. Based on a Fidelity report, the performance of sectors is expected to be influenced by broader economic factors in 2024. If inflation remains low and the Federal Reserve stops raising interest rates, it could be advantageous for the sector, as consumers may be more inclined to buy expensive items like cars or homes. An even more positive scenario would be if the economy avoids a recession and job markets stay robust, which would particularly benefit this sector.Story continuesThe report highlighted that following the sector's strong performance in 2023, stock valuations are not as low as they were previously. However, there are still segments of the market where the firm has identified robust long-term growth prospects, and where stocks are trading at attractive prices. One ongoing area of opportunity includes certain retailers. These companies possess defensive characteristics within their business models, offering some protection in case of a deteriorating economic outlook.Another factor contributing to the positive outlook for the sector is that certain companies within it opt to distribute dividends when they maintain a steady cash flow and have a track record of sharing profits with shareholders. Apple Inc. (NASDAQ:AAPL), The Home Depot, Inc. (NYSE:HD), and NIKE, Inc. (NYSE:NKE) are some of the best consumer cyclical dividend stocks among others that are discussed below.Best Consumer Cyclical Dividend StocksImage by Steve Buissinne from PixabayOur Methodology:For this list, we scanned Insider Monkey’s database of Q4 2023 and selected consumer cyclical dividend stocks from the entertainment, technology, retail, housing, materials, and automotive industries. These companies are strong dividend payers and have decent yields. The stocks are ranked in ascending order of hedge funds having stakes in them. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).13. Foot Locker, Inc. (NYSE:FL)Number of Hedge Fund Holders: 24Foot Locker, Inc. (NYSE:FL) is a retail company primarily focused on athletic footwear and apparel. It operates thousands of retail stores globally, selling a wide range of athletic shoes, clothing, and accessories from various brands. The company currently pays a quarterly dividend of $0.40 per share and has a dividend yield of 4.92%, as of February 21. It is among the best dividend stocks from the consumer cyclical sector.At the end of Q4 2023, 24 hedge funds tracked by Insider Monkey reported having stakes in Foot Locker, Inc. (NYSE:FL), up from 23 in the previous quarter. The consolidated value of these stakes is roughly $764 million. Among these hedge funds, Vesa Equity Investment was the company's leading stakeholder in Q4.12. Leggett & Platt, Incorporated (NYSE:LEG)Number of Hedge Fund Holders: 24Leggett & Platt, Incorporated (NYSE:LEG) is a diversified manufacturer that produces a wide range of engineered components and products for various industries. The company currently pays a quarterly dividend of $0.46 per share and has a dividend yield of 8.99%, as of February 21. In 2023, it stretched its dividend growth streak to 52 years, which makes LEG one of the best dividend stocks on our list.The number of hedge funds tracked by Insider Monkey owning stakes in Leggett & Platt, Incorporated (NYSE:LEG) grew to 24 in Q4 2023, from 19 in the preceding quarter. These stakes have a collective value of over $123.6 million.11. Albemarle Corporation (NYSE:ALB)Number of Hedge Fund Holders: 27Albemarle Corporation (NYSE:ALB) is a global specialty chemicals company that develops, manufactures, and markets a wide range of products used in various industries. It is one of the best dividend stocks from the consumer cyclical sector as the company has been growing its dividends for the past 29 years. Currently, the company pays a quarterly dividend of $0.40 per share. The stock has a dividend yield of 1.39%, as of February 21.As of the close of Q4 2023, 27 hedge funds tracked by Insider Monkey reported having stakes in Albemarle Corporation (NYSE:ALB), down from 37 in the previous quarter. The total value of these stakes is more than $311 million.10. Tractor Supply Company (NASDAQ:TSCO)Number of Hedge Fund Holders: 30Tractor Supply Company (NASDAQ:TSCO) is an American retail chain that specializes in products for agriculture, livestock, pet care, and home improvement. On February 6, the company declared a 6.8% hike in its quarterly dividend to $1.10 per share. This marked the company's 15th consecutive year of dividend growth, which makes TSCO one of the best dividend stocks from the consumer cyclical sector. The stock's dividend yield on February 21 came in at 1.84%.As per Insider Monkey's database of Q4 2023, 30 hedge funds in Insider Monkey's database reported having stakes in Tractor Supply Company (NASDAQ:TSCO), up from 28 in the preceding quarter. The consolidated value of these stakes is over $545.2 million.9. Genuine Parts Company (NYSE:GPC)Number of Hedge Fund Holders: 36Genuine Parts Company (NYSE:GPC) is next on our list of the best dividend stocks from the consumer cyclical sector. The company is a leading distributor of automotive and industrial replacement parts, office products, and electrical materials. On February 15, the company declared a 5% hike in its quarterly dividend to $1.00 per share. This marked the company's 67th consecutive year of dividend growth. The stock's dividend yield on February 21 came in at 2.77%.At the end of December 2023, 36 hedge funds in Insider Monkey's database reported having stakes in Genuine Parts Company (NYSE:GPC), up from 34 in the previous quarter. The collective value of these stakes is over $535 million. With over 1 million shares, D E Shaw was the company's leading stakeholder in Q4.The London Company mentioned Albemarle Corporation (NYSE:ALB) in its Q4 2023 investor letter. Here is what the firm has to say:“Albemarle Corporation (NYSE:ALB) – ALB underperformed as weak lithium prices drove downward revisions to earnings expectations, and sentiment became more negative regarding demand for electric vehicles. Commodity prices are inherently uncertain, but we continue to view ALB-as a winner in this growing industry and favorably positioned on the cost curve. Our long- term view of ALB is not affected by short-term supply- demand dynamics for the commodity.”8. Ford Motor Company (NYSE:F)Number of Hedge Fund Holders: 40Ford Motor Company (NYSE:F) is one of the world's largest automotive manufacturers, renowned for producing automobiles, trucks, SUVs, and electric vehicles. The company currently offers a quarterly dividend of $0.15 per share. In addition to this, it also announced a supplemental dividend of $0.18 per share on February 6, which makes F one of the best dividend stocks on our list. As of February 21, the stock has a dividend yield of 4.90%.As of the end of the December quarter of 2023, 40 hedge funds tracked by Insider Monkey reported owning stakes in Ford Motor Company (NYSE:F), compared with 43 in the previous quarter. The consolidated value of these stakes is nearly $2 billion.7. Nucor Corporation (NYSE:NUE)Number of Hedge Fund Holders: 40Nucor Corporation (NYSE:NUE) is an American company that operates steel mills and manufacturing facilities across the country. The company also offers value-added services such as steel fabrication and downstream processing. On February 20, the company declared a quarterly dividend of $0.54 per share, which was in line with its previous dividend. Overall, the company has raised its dividends for 51 years in a row, which makes NUE one of the best dividend stocks from the consumer cyclical sector. The stock offers a dividend yield of 1.17%, as of February 21.Nucor Corporation (NYSE:NUE) ended the fourth quarter of 2023 with 40 hedge fund positions, up from 33 in the previous quarter, according to Insider Monkey's database. The stakes owned by these hedge funds have a consolidated value of more than $522.2 million.6. Target Corporation (NYSE:TGT)Number of Hedge Fund Holders: 58Target Corporation (NYSE:TGT) operates a chain of discount retail stores offering a wide range of products including apparel, accessories, beauty products, electronics, home goods, toys, groceries, and more. Currently, the company pays a quarterly dividend of $1.10 per share and has a dividend yield of 2.94%, as of February 21. With a dividend growth streak of 52 years under its belt, TGT is one of the best dividend stocks on our list.Target Corporation (NYSE:TGT) was a part of 58 hedge fund portfolios at the end of Q4 2023, which remained unchanged from the previous quarter, according to Insider Monkey's database. The consolidated value of stakes owned by these funds is over $1.5 billion. Click to continue reading and see 5 Best Consumer Cyclical Dividend Stocks To Invest In.  Suggested articles:13 High Growth Penny Stocks That Are Profitable19 Best Gambling Stocks to Buy Now11 Best Big Name Stocks to Buy Right NowDisclosure. None. 13 Best Consumer Cyclical Dividend Stocks To Invest In is originally published on Insider Monkey.

Insider Monkey

13 Best Consumer Cyclical Dividend Stocks To Invest In

https://finance.yahoo.com/news/13-best-consumer-cyclical-dividend-141700253.html

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In this article, we will be taking a look at the 20 biggest retail companies in the US. If you want to skip our detailed analysis of the retail industry, you can go directly to see the 5 Biggest Retail Companies in the US.The Global Retail Industry at a GlanceThe global retail industry drives consumer spending, contributes to GDP growth, and employs a large number of people globally. According to a report by Mordor Intelligence, the global retail industry is expected to reach a value of $32.68 trillion in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of 7.65% from 2024 to 2029 and reach a value of $47.24 trillion by the end of the forecasted period.Rising disposable income and increased consumer spending are key factors creating a positive outlook for the market. Innovation in retail technology, including artificial intelligence (AI), augmented reality (AR), virtual reality (VR), and the Internet of Things (IoT), is fueling market growth. These technologies are expected to become more prominent to enhance the customer experience and meet changing consumer preferences during the forecasted period.Key Market Players in the US Retail SectorSome of the most prominent names in the US retail industry are Walmart Inc. (NYSE:WMT), Amazon.com Inc. (NASDAQ:AMZN), and Costco Wholesale Corporation (NASDAQ:COST). Let's discuss these companies in detail below.Costco Wholesale Corporation (NASDAQ:COST) is a retail company that operates a chain of membership-only warehouses and retail stores. It offers quality merchandise at discounted prices by selling in bulk at lower margins. Costco Wholesale Corporation (NASDAQ:COST) is one of the largest retailers in the world and it ranks high among the best discount retailer stocks to buy as well. On March 7, Costco Wholesale Corporation (NASDAQ:COST) reported strong earnings for the fiscal second quarter of 2024. The company reported earnings per share (EPS) of $3.71, surpassing EPS estimates by $0.07. The company reported a revenue of $58.44 billion. Here are some comments from Costco Wholesale Corporation's (NASDAQ:COST) earnings call regarding its plans for fiscal 2024:Story continues"And that puts the remainder of fiscal 2024 for Q3 and Q4, we plan on opening a total of 15 net new locations, 11 in the US, two in Japan, and one each in Korea and in China. Regarding CapEx, fiscal second quarter spend was approximately $1.03 billion. And for the year, it remains in the north of $4.4 billion to $4.6 billion, in that range." Retail companies are embracing data analytics and customer insights to offer personalized shopping experiences. Technological innovations are further expected to enhance customer satisfaction. Amazon.com Inc. (NASDAQ:AMZN) is an American multinational online retail and technology company. It specializes in e-commerce, online marketing, cloud computing, and artificial intelligence. Amazon.com Inc. (NASDAQ:AMZN) is one of the best internet retail stocks to buy. On January 16, CNBC reported that Amazon.com Inc. (NASDAQ:AMZN) has introduced an artificial intelligence (AI) tool that can answer shoppers’ questions about specific products. The new feature, available on Amazon.com Inc.’s (NASDAQ:AMZN) mobile app, will quickly provide answers by summarizing information collected from product reviews and listings. This tool can help shoppers avoid scrolling through pages of reviews to find information about an item.Retailers are also working on optimizing delivery processes to enhance customer experience. On March 7, Walmart Inc. (NYSE:WMT) announced the launch of a new On-Demand Early Morning Delivery service to help customers save time and offer convenience. Starting as early as 6 AM, this innovative solution will allow customers to receive their orders within 30 minutes, providing an early and quick solution for their shopping needs. With a wide range of items available both in-store and online, customers can easily access products like fashion, furniture, baby essentials, and more during the early morning hours. This initiative is part of Walmart Inc.’s (NYSE:WMT) ongoing efforts to enhance customer experiences and streamline delivery services.Now that we have discussed what’s going on in the retail industry, let’s take a look at the 20 biggest retail companies in the US.20 Biggest Retail Companies in the USA wide view of an aisle in a specialty retailer, filled with licensed pop culture products, vinyls and action figures.MethodologyIn this article, we have listed the 20 biggest retail companies in the US. To find the top retail companies in America, we sifted through various sources including industry reports, our own rankings in addition to rankings available on various websites, and consulted stock screeners from Yahoo Finance and Finviz. For companies that are publicly traded, we decided to rank them according to their market capitalization as of March 8, 2024. We used fiscal year revenues to rank the companies that are not publicly traded. Finally, we narrowed down our selection to rank the 20 biggest retail companies in the US based on their market capitalization and revenues, which are listed below in ascending order.20 Biggest Retail Companies in the US20. Williams-Sonoma Inc. (NYSE:WSM)Market Capitalization: $15.87 BillionWilliams-Sonoma Inc. (NYSE:WSM) is an American consumer retail company that ranks among the top 20 biggest retail companies in the US. The company owns a number of brands and it sells kitchenware, appliances, and home furnishings. It operates retail stores in the US, Canada, Australia, and the United Kingdom. Williams-Sonoma Inc. (NYSE:WSM) has a market capitalization of $15.87 billion as of March 8, 2024.19. Best Buy Co. Inc. (NYSE:BBY)Market Capitalization: $17.12 BillionBest Buy Co. Inc. (NYSE:BBY) is an American consumer electronics retailer. As one of the world’s largest specialty consumer electronics retailers, it has more than 1,000 stores in the US and Canada. As of March 8, 2024, Best Buy Co. Inc. (NYSE:BBY) has a market capitalization of $17.12 billion.18. Walgreens Boots Alliance Inc. (NASDAQ:WBA)Market Capitalization: $18.05 BillionWalgreens Boots Alliance Inc. (NASDAQ:WBA) is an integrated healthcare, pharmacy, and retail company. As one of the world’s biggest pharmacy retailers, it has over 12,500 locations in the US, Europe, and Latin America. Walgreens Boots Alliance Inc. (NASDAQ:WBA) has a market capitalization of $18.05 billion as of March 8, 2024. It ranks 18th on our list of the 20 biggest retail companies in the US.17. Ulta Beauty Inc. (NASDAQ:ULTA)Market Capitalization: $26.62 BillionUlta Beauty Inc. (NASDAQ:ULTA) is an American chain of beauty stores. As one of the largest beauty retailers in the US, it sells prestige cosmetics, fragrances, skincare, and hair care products. As of March 8, 2024, Ulta Beauty Inc. (NASDAQ:ULTA) has a market capitalization of $26.62 billion.16. Tractor Supply Company (NASDAQ:TSCO)Market Capitalization: $26.88 BillionTractor Supply Company (NASDAQ:TSCO) is an American retail chain of stores that sells products for agriculture, lawn and garden maintenance, home improvement, and livestock and pet care to home, land, pet, and animal owners. The company operates more than 2,200 stores in 49 states. As one of the top retail companies in the US, Tractor Supply Company (NASDAQ:TSCO) has a market capitalization of $26.88 billion as of March 8, 2024.15. Dollar Tree Inc. (NASDAQ:DLTR)Market Capitalization: $32.68 BillionDollar Tree Inc. (NASDAQ:DLTR) is an American retail corporation that operates a chain of discount variety stores. It ranks among the top 15 on our list of the biggest retail companies in the US. With more than 16,000 stores, Dollar Tree Inc. (NASDAQ:DLTR) operates in all 48 contiguous states and 5 Canadian provinces. As of March 8, 2024, Dollar Tree Inc. (NASDAQ:DLTR) has a market capitalization of $32.68 billion.14. Dollar General Corporation (NYSE:DG)Market Capitalization: $34.88 BillionDollar General Corporation (NYSE:DG) is a major discount retailer that operates a chain of variety stores. With more than 19,000 stores in the US, the corporation offers low prices on a wide variety of items including, food, snacks, cleaning supplies, housewares, and basic apparel. Dollar General Corporation (NYSE:DG) has a market capitalization of $34.88 billion as of March 8, 2024.13. The Kroger Co. (NYSE:KR)Market Capitalization: $39.94 BillionThe Kroger Co. (NYSE:KR), commonly known as Kroger, is an American retail company that ranks 13th on our list of the biggest retail companies in the US. It operates retail stores, supermarkets, and multi-department stores. It also operates 170 fine jewelry stores and more than 2,200 pharmacies. As one of the largest retailers in the US, The Kroger Co. (NYSE:KR) has a market capitalization of $39.94 billion as of March 8, 2024.12. Ross Stores Inc. (NASDAQ:ROST)Market Capitalization: $49.16 BillionRoss Stores Inc. (NASDAQ:ROST), operating under the brand name Ross Dress for Less, is one of the largest off-price retail chains in the US. Through its chain of discount department stores, it provides branded and designer apparel, accessories, footwear, and home fashions. As of March 8, 2024, Ross Stores Inc. (NASDAQ:ROST) has a market capitalization of $49.16 billion.11. AutoZone Inc. (NYSE:AZO) Market Capitalization: $54.08 BillionAutoZone Inc. (NYSE:AZO) is an American retailer and distributor of automotive replacement parts and accessories. It provides auto and truck parts, chemicals, and accessories through more than 6,000 store locations in the US. As one of the top retail companies in the United States, AutoZone Inc. (NYSE:AZO) has a market capitalization of $54.08 billion as of March 8, 2024.10. Publix Super MarketsRevenue: $57.1 BillionPublix Super Markets, or simply Publix, is a private company that ranks among the top 10 on our list of the biggest retail companies in the US. With more than 1,300 store locations, Publix Super Markets is the largest employee-owned supermarket chain in the United States. In 2023, Publix Super Markets generated a revenue of $57.1 billion.9. O'Reilly Automotive Inc. (NASDAQ:ORLY)Market Capitalization: $64.31 BillionO'Reilly Automotive Inc. (NASDAQ:ORLY) is an American auto parts retailer. It is a major supplier of automotive aftermarket parts, equipment, supplies, tools, and accessories to professional service providers and do-it-yourself customers. It currently has more than 6,000 stores in 48 US states and Puerto Rico and over 60 stores in Mexico. As of March 8, 2024, O'Reilly Automotive Inc. (NASDAQ:ORLY) has a market capitalization of $64.31 billion.8. Target Corporation (NYSE:TGT)Market Capitalization: $79.19 BillionTarget Corporation (NYSE:TGT) is an American retail corporation. As one of the largest retailers in the US, it operates a chain of discount department stores and hypermarkets. With more than 1,900 stores in the US and a market capitalization of $79.19 billion as of March 8, 2024, Target Corporation (NYSE:TGT) ranks 8th on our list of the 20 biggest retail companies in the US.7. CVS Health Corporation (NYSE:CVS)Market Capitalization: $93.5 BillionCVS Health Corporation (NYSE:CVS) is an American healthcare company that provides healthcare and retail pharmacy services. It offers a variety of products and services through its brands including Aetna, CVS Caremark, and CVS Pharmacy. CVS Pharmacy is one of the largest retail pharmacy chains in the US. CVS Health Corporation (NYSE:CVS) has a market capitalization of $93.5 billion as of March 8, 2024.6. The TJX Companies Inc. (NYSE:TJX)Market Capitalization: $109.13 BillionThe TJX Companies Inc. (NYSE:TJX) is an American multinational off-price department store corporation that offers deep discounts on selections of high quality, fashionable, brand name and designer merchandise. It is a major off-price retailer of apparel and home fashions in the US. The TJX Companies Inc. (NYSE:TJX) has more than 4,800 stores and the company has a presence in nine countries. With a market capitalization of $109.13 billion as of March 8, 2024, it ranks 6th on our list of the 20 biggest retail companies in the US.Click to continue reading and see 5 Biggest Retail Companies in the US.Suggested Articles:Top 20 Most Valuable Fintech Companies in the US25 Most Valuable Tech Companies Outside The US30 Largest Companies in the World by RevenueDisclosure: None. 20 Biggest Retail Companies in the US is published on Insider Monkey.

Insider Monkey

20 Biggest Retail Companies in the US

https://finance.yahoo.com/news/20-biggest-retail-companies-us-171425916.html

1b98d316-510b-3559-bc15-17f01fd77551

TSCO

Tractor Supply Company TSCO is on a growth track, backed by its focus on integrating its physical and digital operations to offer consumers a seamless shopping experience. It is persistently focusing on its growth initiatives, which include the expansion of its store base and the incorporation of technological advancements to boost traffic and drive the top line.Additionally, the company’s Life Out Here Strategy, ‘ONETractor’ Strategy, Neighbor’s Club membership program and healthy product demand bode well.These traits have been driving this Zacks Rank #3 (Hold) company’s performance. The Zacks Consensus Estimate for 2024 sales and earnings per share (EPS) is currently pegged at $15 billion and $10.17, respectively, indicating growth of 3.1% and 0.8% year over year.Shares of this retail farm and ranch store chain have gained 9.9% in the past year compared with the industry’s 6.9% growth.Zacks Investment ResearchImage Source: Zacks Investment ResearchWhat’s Driving the Stock?Tractor Supply has been gaining from consistent market share expansion and positive customer trends. In addition, the company has been gaining from the execution of the everyday low-price strategy and reduced transportation, which aided margins in the fourth quarter of 2023.For 2024, the company expects net sales of $14.7-$15.1 billion compared with $14.6 billion delivered in 2023. It expects gross margin expansion of 40-60 bps on gains from continued supply-chain efficiencies and effective cost management, while operating margin is anticipated to be 9.7-10.1% for 2024. The company envisions earnings per share of $9.85-$10.50, with share repurchases worth $575-$625 million for 2024. It delivered earnings per share of $10.09 in 2023.Tractor Supply is on track to expand its Out Here lifestyle assortment and convenient shopping format to gain new customers and market share. The strategy is essentially based on five key pillars: customers, digitization, execution, team members and total shareholder return. As part of the plans, it revised the long-term financial growth targets for 2022-2026.Management still envisions achieving net sales growth of 6-7%, while comps are expected to grow 4-5%. The operating margin is now expected to be 10.1-10.6%, up from the earlier mentioned 9-9.5%. Earnings per share are likely to grow 8-11%, up from the previously projected 8-10%. Earlier, the company launched the Field Activity Support Team and implemented various technology and service enhancements across the enterprise. It aims to improve space productivity, bringing the latest merchandising strategies to life and advancing efforts to remain nationally strong and locally relevant.Given the changing consumer trends, Tractor Supply is focused on integrating its physical and digital operations to offer consumers a seamless shopping experience. Incidentally, the company remains on track with the ‘ONETractor’ strategy, which is aimed at connecting stores and online shopping. Its omni-channel investments include curbside pickup, same-day, next-day delivery, a re-launched website and a new mobile app.Also, the buyout of Orscheln Farm and Home and store openings bode well. Its Neighbor's Club program added over four million new customers, accounting for 77% of digital sales in 2023, driven by continued favorable trends and higher retention. The company’s digital business reached another year of record sales, generating more than $1 billion in annual sales for the first time.Moving ahead, management looks forward to mirroring the in-store legendary service and the digital experience via personalized and conversational commerce. It aims to leverage AI technologies to boost search, redesign checkout and add a new refreshed homepage on personalization.Additionally, Tractor Supply is persistently focusing on its growth initiatives, which include the expansion of store base and incorporation of technological advancements to induce traffic and drive the top line. The company is well positioned to expand store base, remaining on track to increase its domestic store to 2,500 in the long term.Story continuesHeadwinds on PathTractor Supply is reeling under higher depreciation and amortization, the opening of a distribution center, and the impacts of higher medical claims. Also, cost inflation is concerning. Due to these factors, selling, general and administrative (SG&A) expenses, including depreciation and amortization, as a percentage of sales, expanded 113 bps year over year to 26.2%. The higher SG&A expense rate resulted from planned growth investments, including higher depreciation and amortization, the opening of a distribution center, and the impacts of higher medical claims and fixed cost deleverage.In 2024, the company anticipates gross margin expansion to offset SG&A, driven by a mid-teens increase in depreciation and amortization and higher investments. Also, the distribution center network is likely to pressure SG&A by nearly 10-15 bps.Moving ahead, management anticipates a gradual slowdown, with the risk of a harder recession. For 2024, Comps are likely to come between a decline of 1% and growth of 1.5% compared with a 6.3% increase last year.Stocks to ConsiderSome better-ranked companies in the Retail-Wholesale sector are American Eagle Outfitters AEO, Deckers Outdoor DECK and DICK'S Sporting Goods DKS.American Eagle, a specialty retailer of casual apparel, accessories and footwear for men and women, currently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 22.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for American Eagle’s current financial-year sales and earnings suggests growth of 2.1% and 4%, respectively, from the prior-year reported levels. The consensus mark for AEO’s earnings per share has moved up 1.9% in the past seven days.Deckers Outdoor, a leading designer, producer and brand manager of innovative, niche footwear and accessories, currently sports a Zacks Rank #1. DECK has a trailing four-quarter earnings surprise of 32.1%, on average.The Zacks Consensus Estimate for Deckers Outdoor’s current financial-year sales and earnings suggests growth of 15.7% and 38.6%, respectively, from the year-ago reported numbers. The consensus mark for DECK’s earnings per share has moved up 1% in the past 30 days.DICK'S Sporting, which operates as a major omni-channel sporting goods retailer, currently carries a Zacks Rank #2 (Buy). DKS has a trailing four-quarter negative earnings surprise of 0.04%, on average.The Zacks Consensus Estimate for DKS’ current financial-year sales and earnings suggests growth of 4% and 3.1%, respectively, from the year-ago period’s actuals. The consensus mark for DKS’ earnings per share has moved up 0.6% 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 reportAmerican Eagle Outfitters, Inc. (AEO) : Free Stock Analysis ReportTractor Supply Company (TSCO) : Free Stock Analysis ReportDeckers Outdoor Corporation (DECK) : Free Stock Analysis ReportDICK'S Sporting Goods, Inc. (DKS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Tractor Supply (TSCO) Retains Momentum on Growth Initiatives

https://finance.yahoo.com/news/tractor-supply-tsco-retains-momentum-140900633.html

48452b26-0094-35ca-af09-0a20ea4f8032

TSLA

The US remains on track to meet ambitious targets for electric vehicle adoption despite signs of waning demand, according to Energy Secretary Jennifer Granholm.Speaking at an electric vehicle battery plant in Moses Lake, Wash., on Thursday, Granholm projected the “same kind of uptake” in EVs in 2024 as the previous year, when green vehicles expanded their share in the US auto market to 7.6%, according to data from Kelley Blue Book.The Biden administration set a target of having half of all new vehicle sales be electric by 2030.“EVs are really growing very fast,” Granholm told Yahoo Finance in an interview. “There's a lot of new models that are coming on from our domestic manufacturers that are much lower price as well.”US Energy Secretary Jennifer Granholm views an electric vehicle — the Toyota bZ4X — on a visit to the Washington Auto Show in Washington on Jan. 25, 2023. (Jonathan Ernst/REUTERS) (REUTERS / Reuters)A record 1.2 million electric vehicles were sold in 2023. And while EV sales volumes and their overall share of the auto market set a record in the fourth quarter, the rate of growth has started to slow, prompting warnings from leading executives in the automotive industry.Tesla stock (TSLA) plunged last month after CEO Elon Musk warned about “notably slower” growth in 2024, while Ford (F) CEO Jim Farley attributed its new focus on smaller EVs to a “seismic shift in the past six months.”“We're starting to see the early adopters who grabbed a very expensive Rivian, or Lucid for that matter, ... already bought a lot of those vehicles,” RBC Capital Markets lead equity analyst Tom Narayan said. “Now the mainstream consumers are coming in to buy EVs. They're kind of more price sensitive.”Read more: Are electric cars more expensive to insure?The higher cost of vehicles and the lack of reliable chargers remain key hurdles to widespread adoption.In recent months, Granholm has crisscrossed the country to tout the Biden administration’s investments in clean energy infrastructure and highlight that EV sales have more than quadrupled since President Joe Biden took office.President Joe Biden talks with Energy Secretary Jennifer Granholm during a tour of the National Renewable Energy Laboratory Flatirons Campus in Arvada, Colo., on Sept. 14, 2021. (HUM Images/Universal Images Group via Getty Images) (HUM Images via Getty Images)On Thursday, she toured the factory of silicon battery technology manufacturer Group14 in eastern Washington. Group14 is one of the firms that received government funding through the Infrastructure Investment and Jobs Act.Story continues“We have not been in this battle before as a country, meaning we haven't had the federal government partner with the private sector before in the way that it is doing now to level the playing field and make America really the irresistible nation to invest in for this clean energy revolution,” she said.The infrastructure law set aside $7.5 billion to install 500,000 charging stations across the country. Despite criticism of the program’s slow rollout, Granholm said all the funding had been distributed to states, with construction set to ramp up this year.S&P Global Mobility estimated that the number of current chargers would need to grow by more than eightfold by 2030 to meet the forecast sales demand.The White House has also pointed to EV tax credits included in the Inflation Reduction Act (IRA) as additional catalysts for adoption. A $7,500 tax credit was set aside for the purchase of new electric vehicles, and buyers can receive a credit of up to $4,000 for used EVs or plug-in hybrids.But critics argue the incentives are not enough to reach the administration’s goals by the end of the decade.In a letter addressed to the White House last fall, more than 3,000 auto dealers called on the administration to “tap the breaks” on its EV target, saying “enthusiasm has stalled.”Click here for in-depth analysis of the latest stock market news and events moving stock prices.Read the latest financial and business news from Yahoo Finance

Yahoo Finance

Energy Secretary Granholm: US on track to meet 50% EV target by 2030 despite slowing growth

https://finance.yahoo.com/news/energy-secretary-granholm-us-on-track-to-meet-50-ev-target-by-2030-despite-slowing-growth-173413590.html

2fd3eadd-560d-42b2-9369-536c583dc5d8

TSLA

BYD Auto's (BYDDY, 1211.HK) latest supercar, the all-electric Yangwang U9, is the Chinese EV maker's most expensive vehicle yet with a starting price of $233,000.Yahoo Finance Autos Reporter Pras Subramanian highlights the U9's debut at the 2024 Geneva Motor Show. The model will only be sold in the Chinese market.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.Editor's note: This article was written by Luke Carberry Mogan.Video Transcript[AUDIO LOGO]JULIE HYMAN: Chinese automaker BYD debuting its new electric supercar with a price tag of $233,000. The U9 is expected to rival brands like Ferrari and, according to the company, will be able to reach speeds of 190 miles an hour and drive on only three wheels. Huh? Pras Subramanian's here. I don't know why you would want to only drive on three wheels, but--JOSH LIPTON: Because you can, Julie. Because you can.JULIE HYMAN: But how would that-- how does physics work? Whatever. We'll leave that one aside for a minute.PRAS SUBRAMANIAN: [LAUGHS] I gotta look into that three wheel thing, but--JULIE HYMAN: [LAUGHS]PRAS SUBRAMANIAN: Yes, the U9 debuted today in Geneva at the Geneva Auto Show. We saw this car earlier, but this is the actual produc-- or the launch model of the car. Only going to be sold in China here-- limited quantities. You mentioned $233,000. The difference here is that this car is a pure EV, right? So Ferrari and McLaren say they are gas-powered, in some cases, hybrid-powered-- so not fully EVs. I think this is a really compelling model for the money. You see the top speed there-- 192 miles per hour-- very, very competitive specs there, pretty impressive. I mean, I'm curious how this thing would sell in America if it came here. But we're not going to see Chinese cars here any time soon.JULIE HYMAN: Can I-- quick, quick follow up for you. What does one do with a car like this? Where do you drive-- like, do you just go to a track and drive it 192 miles an hour? Is that what people do with these?Story continuesPRAS SUBRAMANIAN: You could if you were a serious sort of enthusiast-- sports car enthusiast and a track driver. Yeah, you would take them to the track. But for most people, it's just parking outside [INAUDIBLE]JULIE HYMAN: And being able to say it could go 192 miles per hour.JOSH LIPTON: Yeah.PRAS SUBRAMANIAN: Yeah, yeah. I have this cool-looking car.JULIE HYMAN: OK, got it. [LAUGHS]JOSH LIPTON: Pras. I mean, for-- one thing that's strange to me is the comparisons people are making like, it's some type of competitor to Ferrari, which, I really-- I don't see that. I don't-- Do you think that's fair? I really don't see that as a comparison.PRAS SUBRAMANIAN: I think we're talking about two different--JOSH LIPTON: Totally.PRAS SUBRAMANIAN: People who want to buy a Ferrari are not going to buy this-- the Yangwang U9 right there.JOSH LIPTON: Yeah.PRAS SUBRAMANIAN: In China, maybe there's a little bit of a different story there. But the Chinese are-- Chinese market has been very sort of forward on how much they love the brand names. They love Western luxury brands-- Bentley, Porsche, Ferrari. These are-- Rolls-Royce. These are top markets for those brands in China. So that's-- I don't see them going away anytime soon.JULIE HYMAN: Of course, Ferrari wasn't always Ferrari. So I guess you got to start somewhere.

Yahoo Finance Video

BYD debuts all-electric U9 supercar at Geneva Motor Show

https://finance.yahoo.com/video/byd-debuts-electric-u9-supercar-212417989.html

c373d178-a596-3dd1-bae3-23c7cca8aaf7

TSLA

Five of the Magnificent Seven tech stock components saw stock declines in last week's trading. Yahoo Finance's Jared Blikre eyes several of the group's biggest laggards, highlighting EV maker Tesla's (TSLA) year-to-date losses.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.Editor's note: This article was written by Luke Carberry Mogan.Video Transcript[AUDIO LOGO]BRAD SMITH: Five of the seven Magnificent Seven stocks suffered declines last week with Tesla faring the worst, off about 13.5%. And despite the Mag Seven accounting for around 50% of S&P 500 gains this year, three of its members are lagging behind. Tesla, Apple, and Alphabet are all in the red year to date.And once again, you see Tesla leading losses. Yahoo Finance's Jared Blikre, he's over at the big board with more. Hey, Jared.JARED BLIKRE: Such as it is, sometimes we group these stocks together arbitrarily. They might be doing something similar for a limited period of time and then they get stuck. And here we have the Magnificent Seven with huge dispersion between the contributions-- among the contributions to the S&P 500 market cap.You look at NVIDIA over there, it's up $965 billion. And then you take a look at Tesla down $231 billion. As NVIDIA's contributing 33% of the market cap gains of the S&P 500, Tesla is responsible for negative 8%.And sometimes math is just not intuitive that way. But the point is besides these four groups of stocks that are advancing, you have these other three. And to be fair, all seven of these stocks have very, very different narratives.I want to point out Tesla versus NVIDIA. So this is the first in class, this is last in class in the Mag Seven. And this what's happening year to date. You can see Tesla down about 27%, NVIDIA up about 78%.And if I show you a two-year chart, you can really see back when their fortunes diverged. Because it was off of the October lows in 2022 that we saw this big rally and we saw the Mag Seven, kind of, in lockstep. But you can see the fortunes diverging as we proceeded in the year, that was last year.Story continuesNow, I also want to show some technical analysis on Tesla over the last five years. And what I'm seeing here is just a giant trading range with a couple of forays above and below. And so here we got above the trading range here. We got below around the turn of the year one year ago.But for the most part, we are in a trading range. Until that breaks, difficult to see or difficult to get excited about Tesla going in any direction or the other. It looks like it got a little bit of time.So I do want to go to our Mag 100-- or NASDAQ 100 heat maps so I can just check out the totals here. It's been interesting. I've been watching Eli Lilly surge ahead of Tesla in terms of market cap. And here we see Tesla at $571 billion short of AVGO, that's Broadcom. That change was made last week. And now Visa, looks like Tesla heading for Visa's market cap next.

Yahoo Finance Video

Magnificent 7 laggards: Tesla stock slides considerably in 2024

https://finance.yahoo.com/video/magnificent-7-laggards-tesla-stock-151336705.html

fffe2d2d-94fc-33f5-a489-6b1af16a085a

TSLA

As the Magnificent Seven mega-cap stocks experience heightened volatility, Schwab Asset Management CEO and Chief Investment Officer Omar Aguilar joins Yahoo Finance Live to provide insight into how investors should navigate their portfolios during this period.Aguilar highlights a notable shift in the mega-cap tech sector, transitioning from being "a momentum trade to a fundamental trade" due to fading AI hype. He emphasizes that for these companies to deliver on future expectations, they will require significant capital expenditure and research and development investments. As expectations for these stocks remain elevated, "investors are questioning" whether the current levels of gains can be sustained over the long term.With the highly anticipated Consumer Price Index (CPI) data set for release Tuesday, Aguilar advises investors to "expect more volatility." However, he suggests that investors should view this volatility as an opportunity to rebalance their portfolios and strategically position themselves for evolving market conditions.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.Editor's note: This article was written by Angel SmithVideo TranscriptJULIE HYMAN: Meta isn't the only megacap seeing some losses. For more on the recent struggles from the Magnificent Seven, and where investors should look to turn to outside of big tech. We want to welcome in Omar Aguilar, Schwab Asset Management CEO, and CIO.Omar, thank you so much for being here. So as we see, what looks like a faltering perhaps of the Mag Seven, as well as a broadening of rallies elsewhere in the market, where do you think investors should be looking? Is it either, or is it both, how do you think about it?OMAR AGUILAR: Well, that's a great question and very timely I think as you were discussing this earlier. The momentum trade has started worldwide when everybody was talking about AI over a year ago. I think that momentum trade started to just be as just a function of excitement, just a function of-- investors getting really excited about the potential.Story continuesI think as we go in through this year, this has actually shifted from just being just a momentum trade to be a fundamental trade. And if you actually think so earnings, despite the valuation numbers for these Magnificent Seven, has been significantly better than the rest of the market. So they have outperformed over EPS year-over-year growth of 60%. Whereas the rest of the market has actually been on a decline of EPS growth.So when you actually put that together with the fact that they also have had very consistent free cash flow yields, you know, that actually provides a lot of the support. Now, that's the past. The future, basically, expectations required a lot of the discussion that you just had, which is a significant amount of ramp up of CapEx and R&D in order for them to support what the market expects they will deliver in the future.- Omar, is it that the next shoe to drop here? That once these companies report in coming weeks, there's no possible way they can meet up to the expectations that have been priced into their stocks. So that's what investors are doing today selling these positions.OMAR AGUILAR: Well, I think the investors are looking at the relative valuations. They're basically looking at it. It looks a little bit higher now compared to any other big runs in markets.They're still not at the level of what we saw in the late '90s or even in the energy boom that we had afterwards. So still in that context, you know, it's really more about the function of the expectations.Over the next five years is that they will deliver 30% top line growth and 17% on EPS growth, which is very hard to sustain. So investors are questioning whether or not that's actually sustainable. And there are a couple of those seven that are in the process of ramping up that R&D, and that CapEx. That obviously may have a better future going forward.JULIE HYMAN: Omar, I want to ask about CPI tomorrow, right? Because it has seemed in recent weeks that the focus has shifted a little bit away from the Fed, and to earnings, and to the AI theme. Does CPI tomorrow shift the focus back, or does it just depend on what the number shows?OMAR AGUILAR: I think, in general, we should expect more volatility. I think once we got past the earnings season, you know, I think the question becomes the CPI reading is really just going to ask, or give us a little more information of what the reaction function by the Fed might be. And it's really just about the timing where they may actually come up with the first rate cut.And I think investors will continue to look at opportunities to take that volatility, whether it's valuation-driven, or whether it's related to macro to be able to rebalance their portfolio and strategically positioned for the next six months on an environment that will have lower interest rates on the short part of the curve.- If one is worried about the AI trade fizzling out, Omar, what is the best sector they should be looking at right now and make your case?OMAR AGUILAR: Yeah, I think what we have encouraged our clients to do is to-- if you think about the economic cycle as we are today, even with the CPI numbers tomorrow, we have all signed that this is the last phase of the cycle. What that means is that soft landing scenario that the Fed has talked to us is basically now being a reality.And what that means is that the cyclical trade going into the next phase is probably areas that will basically provide good opportunities. And that includes materials, that includes energy, that includes areas that are a little bit more prone to lower interest rates, or at least a shape of the yield curve that is more normal like financials.So I think we're encouraged clients to start looking at that. And we have seen already small caps are incredibly attractive, and the rest of the market outside of just the large mega caps will probably do well.

Yahoo Finance Video

AI trade is now strictly 'fundamental': Strategist

https://finance.yahoo.com/video/ai-trade-now-strictly-fundamental-211449801.html

4d5c8ec3-78ef-3fd7-9b08-8d90ee864eb3

TSN

In this article, we will be covering the 20 largest chicken-producing states in the US in 2024. If you want to skip our detailed analysis of the global poultry market, you can go directly to 5 Largest Chicken Producing States in the US in 2024.In one of our previous articles, we saw that the United States is the largest poultry-producing country in the world. In this piece, we’ll discover the US states that produce the most chickens. Poultry, particularly chickens, are vital for global food security. It provides a cost-effective source of protein for billions of people worldwide. The poultry industry contributes greatly to the global economy while also ensuring a stable and accessible food supply for diverse populations.Global Poultry Market: Key TrendsIncreasing global population and rising demand for protein-rich food are driving the growth of the poultry market. According to a report by The Business Research Company, the global poultry market was estimated to have reached a value of $360.5 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2028 to reach a value of $494.55 billion by the end of the forecasted period. Due to the rising disposable income and the preference for poultry over other meat products in different regions around the world, the global poultry market is expected to experience significant growth in the coming years.Advancements in farming technology such as automated feeding systems and improved genetics are leading to increased efficiency and production. Fast food and quick-service restaurant chains are also adopting poultry, particularly chicken, as a substitute for red meat. Consumers, mainly millennials, increasingly demand fast food and ready-to-eat meals with better taste and quality, which is further augmenting market growth. The increasing working population and their hectic schedules have led to a surge in the trend of eating out, leading to higher demand for processed and convenient poultry products.Story continuesAccording to the National Chicken Council’s data page, chicken consumption per capita in the US has been rising nearly every year since the mid-1960s. On the other hand, red meat consumption has steadily declined. The US also ranked at the very top on our list of the countries with the highest chicken consumption.Major Players in the Poultry IndustrySome of the most notable names in the poultry industry that are setting the pace in the global marketplace are Pilgrim's Pride Corporation (NASDAQ:PPC), JBS S.A. (BVMF:JBSS3), and Tyson Foods, Inc. (NYSE:TSN).Tyson Foods, Inc. (NYSE:TSN) is an American multinational protein-focused food company. It is one of the world’s largest processors of beef, pork, and chicken. Tyson Foods, Inc. (NYSE:TSN) ranks high among the biggest poultry companies in the world. It also provides beef, pork, and chicken to many quick-service and casual restaurant chains as well as fine dining restaurants. On February 5, Tyson Foods, Inc. (NYSE:TSN) reported strong earnings for the fiscal first quarter of 2024. The company reported earnings per share (EPS) of $0.69, surpassing EPS estimates by $0.27. Tyson Foods, Inc. (NYSE:TSN) reported a revenue of $13.32 billion and outperformed revenue estimates by $57.77 million.Pilgrim's Pride Corporation (NASDAQ:PPC) is an American multinational food company. As one of the largest chicken producers in the US, Puerto Rico, and Mexico, the company is well-recognized for its value-added premium products. Pilgrim's Pride Corporation (NASDAQ:PPC) owns various brands including Moy Park, a leading poultry and prepared foods company in the UK, and Gold’n Plump, a leading provider of premium branded and custom chicken products in the Upper Midwest. With 39 production facilities and 27 prepared foods facilities in the US, the UK, Puerto Rico, Mexico, and Europe, Pilgrim's Pride Corporation (NASDAQ:PPC) serves retailers, restaurants, food service providers, and consumers around the world.Some of the biggest companies in the global poultry market are taking steps to ensure a stable supply of healthy chickens to meet consumer demands. JBS S.A. (BVMF:JBSS3) is a Brazilian multinational food processing company. With a presence in over 20 countries, it is one of the world’s largest meat-processing enterprises. It produces factory-processed salmon, beef, pork, and chicken. On January 11, JBS S.A. (BVMF:JBSS3) announced the resumption of operations at its broiler hatchery in Rolândia, Paraná, following a BRL135 million investment for recovery and modernization post a fire incident in 2023. This facility is recognized as Brazil’s largest and most advanced chick hatchery. The plant in Paraná occupies an area of 16,314 m² and has the capacity to incubate more than 16 million fertile eggs per month. The hatchery is also equipped with a climate control room, an alarm system, and environmental monitoring with cameras throughout the facility to promote greater efficiency and quality.Now that we have discussed what’s going on in the global poultry market, let’s take a look at the 20 largest chicken-producing states in the US in 2024.20 Largest Chicken Producing States in the US in 2024A flock of pasture-raised chickens outdoors in their natural habitat.MethodologyIn this article, we have listed the 20 largest chicken-producing states in the US in 2024. To collect data for our list, we consulted the 2023 Chickens and Eggs Annual Summary report published by the United States Department of Agriculture. We used data obtained for the latest year in their dataset, published in February 2024. This database provided us with populations of layers, pullets, and other chickens in each US state. We have listed the 20 largest chicken-producing states in the US in 2024 in ascending order of their chicken population.By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.20 Largest Chicken Producing States in the US in 202420. WashingtonChicken Population (2023): 7.07 MillionThe State of Washington in the Pacific Northwest region ranks among the 20 largest chicken-producing states in the US. Nicknamed "The Evergreen State", Washington had a chicken inventory of 7.07 million heads in 2023.19. IllinoisChicken Population (2023): 8.1 MillionIllinois is a Midwestern US state that has been nicknamed "The Prairie State." According to recently reported data, Illinois had a chicken population of 8.1 million in 2023.18. UtahChicken Population (2023): 8.27 MillionUtah is a landlocked state in the Mountain West subregion of the Western US that is known for its national parks and skiing. As one of the largest chicken-producing states in the United States, Utah had a chicken population of 8.27 million in 2023.17. KentuckyChicken Population (2023): 8.35 MillionKentucky is a landlocked state in the Southeastern region of the US that ranks 17th on our list of the largest chicken-producing states in America. In 2023, Kentucky had a chicken population of 8.35 million.16. MinnesotaChicken Population (2023): 8.94 MillionMinnesota is a state in the Upper Midwestern region of the US. The state is a major producer of eggs, chicken, and turkey. According to recently reported data, Minnesota had a chicken population of 8.94 million in 2023.15. MississippiChicken Population (2023): 9.76 MillionMississippi is a Southern US state that ranks among the top 15 largest chicken-producing states in the US in 2024. Poultry plays a key role in Mississippi's agricultural industry. In 2023, Mississippi had a chicken population of 9.76 million.14. WisconsinChicken Population (2023): 9.81 MillionWisconsin is a state in the Upper Midwestern region of the US that ranks among the largest chicken-producing states in the US. According to recently reported data, Wisconsin had a chicken population of 9.81 million in 2023.13. NebraskaChicken Population (2023): 10.51 MillionNebraska is a Midwestern US state that has a chicken population of 10.51 million as of 2023. Home to a large agriculture sector, Nebraska is also a major producer of beef and pork.12. CaliforniaChicken Population (2023): 14.54 MillionCalifornia is a Western US state that ranks 12th on our list of the largest chicken-producing states in America. It is America’s most populated state and the third-largest state in terms of area. In 2023, California had a chicken population of 14.54 million.11. Missouri Chicken Population (2023): 20.31 MillionMissouri is a state in the Midwestern region of the US. With a chicken population of 20.31 million in 2023, Missouri is one of the largest chicken-producing states in the US.10. AlabamaChicken Population (2023): 20.4 MillionAlabama is a Southeastern US state that ranks among the top 10 largest chicken-producing states in the US. According to recently reported data, Alabama had a chicken population of 20.4 million in 2023.9. MichiganChicken Population (2023): 21.09 MillionMichigan is a state in the Great Lakes region of the Upper Midwestern US. It is home to a thriving and diverse agriculture sector. Michigan had a chicken inventory of 21.09 million heads in 2023.8. North CarolinaChicken Population (2023): 25.07 MillionNorth Carolina is a Southeastern US state. Chicken and turkey farms have grown rapidly in the state. According to recently reported data, North Carolina is home to 25.07 million chickens as of 2023.7. ArkansasChicken Population (2023): 26.56 MillionArkansas is a landlocked state in the South Central region that ranks high among the largest chicken-producing states in the US. Poultry is one of the state’s largest agricultural products. Arkansas had a chicken population of 26.56 million in 2023.6. TexasChicken Population (2023): 30.52 MillionTexas, in the South Central region of the US, had a chicken inventory of 30.52 million heads in 2023. Texas ranks high among the most populated states in America while also being one of the largest states by area. Texas is also one of the fastest growing states in the US. It ranks 6th on our list of the largest chicken-producing states in the US in 2024.Click to continue reading and see 5 Largest Chicken Producing States in the US in 2024.Suggested Articles:30 Best Cardiology Hospitals In the US15 Best Pet Insurance Companies Heading into 202413 Worst Rated Fast Food Restaurants in America According to RedditDisclosure: None. 20 Largest Chicken Producing States in the US in 2024 is published on Insider Monkey.

Insider Monkey

20 Largest Chicken Producing States in the US in 2024

https://finance.yahoo.com/news/20-largest-chicken-producing-states-131815100.html

342e17e2-e0ce-3146-8559-db6243077ee2

TSN

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.One stock to keep an eye on is Tyson Foods (TSN). TSN is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with P/E ratio of 18.44 right now. For comparison, its industry sports an average P/E of 18.81. Over the past year, TSN's Forward P/E has been as high as 38.54 and as low as 9.51, with a median of 16.45.Investors should also note that TSN holds a PEG ratio of 0.34. 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. TSN's industry currently sports an average PEG of 0.78. TSN's PEG has been as high as 0.50 and as low as 0.34, with a median of 0.45, all within the past year.Another valuation metric that we should highlight is TSN's P/B ratio of 1.03. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.44. TSN's P/B has been as high as 1.14 and as low as 0.86, with a median of 1.01, over the past year.Story continuesValue investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. TSN has a P/S ratio of 0.36. This compares to its industry's average P/S of 0.4.These are only a few of the key metrics included in Tyson Foods's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, TSN looks like an impressive value stock at the moment.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 reportTyson Foods, Inc. (TSN) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Is Tyson Foods (TSN) Stock Undervalued Right Now?

https://finance.yahoo.com/news/tyson-foods-tsn-stock-undervalued-144013049.html

ead500d3-8bd8-3257-a7d7-746a78bbbeff

TSN

(Bloomberg) -- Tyson Foods Inc. has decided to permanently shut its pork facility in Perry, Iowa, as the largest meat producer in the US continues to streamline its operations following a plunge in profits.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapTech CEOs Are Addicted to Taking Needless RisksChina Has Never Canceled This Many Shipments of US WheatThe move emphasizes the Springdale, Arkansas-based meat processor’s “focus to optimize the efficiency” of its operations, a spokesperson said by email. It’s the latest of a series of plant shutdowns announced by Tyson over the past year, which included six chicken facilities and eliminated at least 4,700 jobs.The company is slowly recovering from a combination of setbacks, including a chicken and pork glut, that sent its profits plunging by 85% in the latest fiscal year. Tyson’s pork operations returned to profit in the three months ended December after five straight quarters of losses as increased volumes more than offset a decline in prices.Read More: Tyson Foods Plots Revival From ‘Fat and Lazy,’ CEO SaysThe shutdown of the Perry pork packing plant is going to affect the facility’s 1,200 workers, the Des Moines Register reported. The company didn’t confirm the number.Tyson said it’s encouraging workers at the facility to apply for other roles within the company, and is working with state and local officials to “provide additional resources” to those being impacted by its decision.Most Read from Bloomberg BusinessweekAcademics Question ESG Studies That Helped Fuel Investing BoomLuxury Postnatal Retreats Draw Affluent Parents Around the USHow Apple Sank About $1 Billion a Year Into a Car It Never BuiltThe Battle to Unseat the Aeron, the World’s Most Coveted Office ChairHow Microsoft’s Bing Helps Maintain Beijing’s Great Firewall©2024 Bloomberg L.P.

Bloomberg

Tyson Foods Shuts Iowa Pork Plant as Streamlining Continues

https://finance.yahoo.com/news/tyson-foods-shuts-iowa-pork-210901679.html

2f680399-df97-33b0-8889-993604f408ac

TSN

PERRY, Iowa (AP) — Tyson Foods will continue streamlining its operations by closing a pork plant in Iowa that employs 1,200 people and eliminating the largest employer in the town of Perry.The plant closure will be the second major blow to the town this year coming just two months after a 17-year-old student opened fire at school, killing a sixth grader and his principal as well as wounding six others.Tyson announced the plant closure Monday. It comes after the company closed several other plants last year ago and consolidated its corporate operations the year before.“After careful consideration, we have made the difficult decision to permanently close our Perry, Iowa pork facility," a Tyson spokesperson said. “We understand the impact of this decision on our team members and the local community.”Tyson said it will work with state and local officials to help workers who are losing their jobs, but the company didn't say what severance packages it will offer. Tyson did say it will encourage workers to apply for openings at its other plants.“While this decision was not easy, it emphasizes our focus to optimize the efficiency of our operations to best serve our customers,” the Tyson spokesperson said.Six years ago, Tyson received $674,000 in incentives from Iowa to help it pay for a $44 million upgrade to the Perry plant.

Associated Press Finance

2 months after school shooting, Iowa town is losing its largest employer as pork plant closes

https://finance.yahoo.com/news/2-months-school-shooting-iowa-221207263.html

e3f8607a-06f5-3fef-a917-219d47301aa4

TT

Plant celebrates twelve consecutive years - more than 5,000,000 hours - without a lost time safety incident; receives recognition from Arkansas state officialsFORT SMITH, AR / ACCESSWIRE / February 21, 2024 / Trane® - by Trane Technologies (NYSE: TT), a global climate innovator -celebrated a significant safety milestone at its Commercial HVAC manufacturing facility in Fort Smith, Arkansas. The Trane Fort Smith employees achieved 5,000,000 work hours, approximately twelve years, without a lost day away from work due to a work-related injury or illness on October 31, 2023.The facility is on track to reach 6 million hours without a lost time incident by October 2025. There are approximately 200 employees at the site, where Trane has operated for 29 years."Ensuring the safety of our people at work is our highest priority," said Carter Roth, plant manager. "This milestone recognizes and celebrates our associates' unwavering commitment to creating and nurturing a culture of safety that has spanned more than 12 years! Putting safety first is just one of the things that makes Trane Fort Smith a place people want to work."Congressman Steve Womack of Arkansas' 3rd Congressional District, Representative Cindy Crawford of Arkansas' 51st District, Fort Smith Mayor George McGill, Arkansas Department of Labor Chief of Staff Steve Guntharp, as well as other local and statewide public officials, and esteemed members of the community joined Trane business leaders and employees to recognize the milestone."Congratulations to the Trane Fort Smith team on twelve consecutive years without a loss time injury," said Congressman Womack. "This remarkable accomplishment shows how employee safety and care are integral to the company's success. Business is booming, and the Trane Fort Smith team is part of making that happen."The plant has a long track record of providing a safe and uplifting work environment for its employees; sustainable, high-performing products for customers; and leading by example in support of Trane Technologies' purpose to achieve a more sustainable world.Story continuesTrane Fort Smith has upgraded its HVAC, lighting and water systems to drastically reduce energy and water usage, while creating a more comfortable, efficient environment, and eliminated wood waste to landfill in 2021.The Trane Fort Smith plant manufactures custom HVAC units, custom air-handling systems, and components for commercial applications.The ultra high efficiency and precise space heating and cooling capabilities of these products are ideal for a variety of commercial building applications, including schools, office buildings, health care, multi-family residential, hotels and more.# # #About Trane Trane - by Trane Technologies (NYSE: TT), a global climate innovator - creates comfortable, energy efficient indoor environments for commercial and residential applications. For more information, please visit www.trane.com or www.tranetechnologies.com.About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Visit tranetechnologies.com.Ray Pittard, Trane Technologies Executive Vice President and Chief Officer, Integrated Supply Chain; Fort Smith Mayor George McGill and Carter Roth, Trane Fort Smith Plant Manager hold a proclamation declaring today (February 21) Trane Fort Smith DayView additional multimedia and more ESG storytelling from Trane Technologies on 3blmedia.com.Contact Info:Spokesperson: Trane TechnologiesWebsite: https://www.3blmedia.com/profiles/trane-technologies Email: [email protected]: Trane TechnologiesView the original press release on accesswire.com

ACCESSWIRE

Trane® Fort Smith Plant Recognized for Significant Safety Achievement

https://finance.yahoo.com/news/trane-fort-smith-plant-recognized-224500841.html

2901642c-8a49-3f14-a32a-9ff06630a5cb

TT

Have you been paying attention to shares of Trane Technologies (TT)? Shares have been on the move with the stock up 12% over the past month. The stock hit a new 52-week high of $283.25 in the previous session. Trane Technologies has gained 15.7% since the start of the year compared to the 8.1% move for the Zacks Business Services sector and the 11.7% return for the Zacks Technology Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on February 1, 2024, Trane Technologies reported EPS of $2.17 versus consensus estimate of $2.13.For the current fiscal year, Trane Technologies is expected to post earnings of $10.16 per share on $18.94 billion in revenues. This represents a 12.39% change in EPS on a 7.14% change in revenues. For the next fiscal year, the company is expected to earn $11.22 per share on $20.01 billion in revenues. This represents a year-over-year change of 10.45% and 5.67%, respectively.Valuation MetricsTrane Technologies may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.Trane Technologies has a Value Score of C. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of B.Story continuesIn terms of its value breakdown, the stock currently trades at 27.8X current fiscal year EPS estimates, which is a premium to the peer industry average of 25X. On a trailing cash flow basis, the stock currently trades at 26.4X versus its peer group's average of 8.7X. Additionally, the stock has a PEG ratio of 2.21. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Trane Technologies currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Trane Technologies meets the list of requirements. Thus, it seems as though Trane Technologies shares could have a bit more room to run in the near term.How Does TT Stack Up to the Competition?Shares of TT have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is GigaCloud Technology Inc. (GCT). GCT has a Zacks Rank of # 1 (Strong Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F.Earnings were strong last quarter. GigaCloud Technology Inc. beat our consensus estimate by 55.26%, and for the current fiscal year, GCT is expected to post earnings of $2.23 per share on revenue of $679.4 million.Shares of GigaCloud Technology Inc. have gained 49.9% over the past month, and currently trade at a forward P/E of 15.65X and a P/CF of 56.01X.The Technology Services industry is in the top 34% of all the industries we have in our universe, so it looks like there are some nice tailwinds for TT and GCT, even beyond their own solid fundamental situation.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 reportTrane Technologies plc (TT) : Free Stock Analysis ReportGigaCloud Technology Inc. (GCT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Trane Technologies plc (TT) Hit a 52 Week High, Can the Run Continue?

https://finance.yahoo.com/news/trane-technologies-plc-tt-hit-141512242.html

1431cb9f-4f27-3fbf-8dc4-9cce8a056fea

TT

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Spotify (SPOT) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.Spotify is a member of our Business Services group, which includes 315 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Spotify is currently sporting a Zacks Rank of #1 (Strong Buy).The Zacks Consensus Estimate for SPOT's full-year earnings has moved 61% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, SPOT has returned 43.9% so far this year. At the same time, Business Services stocks have gained an average of 10.2%. This means that Spotify is outperforming the sector as a whole this year.Another stock in the Business Services sector, Trane Technologies (TT), has outperformed the sector so far this year. The stock's year-to-date return is 17.9%.In Trane Technologies' case, the consensus EPS estimate for the current year increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Spotify belongs to the Technology Services industry, a group that includes 174 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 18.4% this year, meaning that SPOT is performing better in terms of year-to-date returns. Trane Technologies is also part of the same industry.Story continuesInvestors with an interest in Business Services stocks should continue to track Spotify and Trane Technologies. These stocks will be looking to continue their solid performance.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 reportSpotify Technology (SPOT) : Free Stock Analysis ReportTrane Technologies plc (TT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Is Spotify Technology (SPOT) Stock Outpacing Its Business Services Peers This Year?

https://finance.yahoo.com/news/spotify-technology-spot-stock-outpacing-144010678.html

f81c3951-60d7-3729-8355-1f1526620786