Earnings Archives - Page 11 of 30

July 31, 2022

Jefferies Financial Group Research Analysts Lift Earnings Estimates for MTU Aero Engines AG (OTCMKTS:MTUAY)

MTU Aero Engines AG (OTCMKTS:MTUAY – Get Ranking) – Investigate analysts at Jefferies Economical Group upped their FY2025 earnings for every share (EPS) estimates for shares of MTU Aero Engines in a report issued on Wednesday, July 27th. Jefferies Financial Group analyst C. Lemarie now expects that the corporation will post earnings of $7.79 per share for the year, up from their former estimate of $7.37. The consensus estimate for MTU Aero Engines’ existing complete-yr earnings is $4.05 for every share.

MTUAY has been the matter of a number of other exploration studies. Berenberg Financial institution upgraded MTU Aero Engines from a “maintain” ranking to a “get” ranking in a report on Wednesday, June 15th. JPMorgan Chase & Co. elevated their focus on value on MTU Aero Engines from €245.00 ($250.00) to €255.00 ($260.20) in a study take note on Thursday, Might 5th. At last, Oddo Bhf reduced MTU Aero Engines from an “outperform” ranking to a “neutral” rating in a investigate notice on Wednesday, April 13th. A single analyst has rated the stock with a sell score, a few have assigned a maintain rating and 8 have specified a invest in ranking to the firm’s stock. According to MarketBeat.com, MTU Aero Engines presently has a consensus score of “Moderate Acquire” and a consensus goal rate of $221.67.

MTU Aero Engines Stock Up .2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Shares of MTUAY inventory opened at $96.86 on Friday. MTU Aero Engines has a 12 month small of $82.05 and a 12 month higher of $126.03. The business has a current market cap of $10.35 billion, a PE ratio of 39.06 and a beta of 1.39. The inventory has a 50 day relocating average of $93.80 and a 200-day transferring common of $103.16. The enterprise has a brief ratio of .92, a present-day ratio of 1.37 and a personal debt-to-fairness ratio of .52.

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When you start off finding compensated 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on your cash, your financial troubles have a tendency to quite significantly evaporate.

MTU Aero Engines Dividend Announcement

The business also just lately disclosed a dividend, which was paid out on Tuesday, Could 24th. Shareholders of report on Monday, May well 9th have been issued a dividend of $.8009 for every share. This represents a yield of .8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date was Friday, May well 6th. MTU Aero Engines’s dividend payout ratio (DPR) is 30.65{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About MTU Aero Engines

(Get Score)

MTU Aero Engines AG, collectively with its subsidiaries, develops, manufactures, markets, and maintains commercial and armed forces engines, and aero spinoff industrial gasoline turbines in Germany, other European nations around the world, North The us, Asia, and internationally. It operates as a result of two segments, Industrial and Military Engine Enterprise and Business Servicing Business enterprise.

Advisable Stories

This immediate news inform was generated by narrative science engineering and monetary data from MarketBeat in get to deliver audience with the quickest and most accurate reporting. This tale was reviewed by MarketBeat’s editorial group prior to publication. You should mail any queries or responses about this story to speak to@marketbeat.com.

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July 29, 2022

Loans to Wealth Management Clients Lift Raymond James’ Earnings

Lending to rich shoppers lifted nevertheless a different brokerage firm’s revenue.

Raymond James Economic

documented that a 82{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} 12 months-more than-year surge in desire profits boosted income through the 2nd calendar quarter and offset declines in other income lines.

Raymond James headquarters

Courtesy of Raymond James

Wealth management corporations have progressively leaned into selling their rich customers home loans, securities-centered loans, and other lending merchandise. Doing so enables advisors to serve clients’ lending and investing needs. At the exact time, wealth managers’ base line is now benefiting from the mounting rate setting.

Raymond James reported curiosity income rose to $374 million for the quarter from $242 million for the similar interval previous 12 months. Full income increased 11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} 12 months around 12 months to $2.8 billion.

The company seems established to mature its lending business enterprise. All through the quarter, Raymond James shut its acquisition of TriState Cash Holdings, a Pittsburgh-centered lender and asset manager that specializes in lending to significant-web-worthy of clients. Whilst Raymond James helps make securities-primarily based loans to customers of its advisors, TriState does so through other intermediaries, these types of as RIAs, belief corporations, and other economic establishments.

Total financial institution financial loans, such as Raymond James and TriState, soared 75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $41.8 billion, in accordance to the business. CEO Paul Reilly claimed that even if curiosity costs increase, securities-dependent financial loans will continue to be a popular choice and more cost-effective resource of credit history for specified customers.

“SBL financial loans are in demand and rising,” Reilly claimed during an earnings convention call July 28.

Raymond James noted that internet revenue obtainable to typical shareholders fell 3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $299 million due to elevated expenditures. Organization development prices, for occasion, soared 87{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $58 million.

CFO Paul Shoukry, talking throughout the phone, mentioned the company hosted an advisor meeting and other situations. Personnel are also traveling much more for enterprise as opposed to final year. In addition, Raymond James paid a a person-time reward to reduced-paid staffers to support personnel cope with inflation.

“It’s about using treatment of associates who have done a good career,” CEO Paul Reilly said throughout the contact. “Our turnover is up, but it’s decreased than the industry.”

Raymond James’ client property beneath administration slipped 10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from the very first calendar quarter of this calendar year to $1.125 trillion, reflecting down markets. Other wealth administration firms seasoned comparable declines during the second quarter.

The transfer of independent prosperity administration organization Steward Partners from Raymond James’ broker-dealer to the company’s RIA custody unit caused in general advisor headcount to decline. Raymond James does not include advisors involved with the RIA custody small business in its headcount. The company stated it experienced 8,616 unbiased and personnel advisors as of June 30, down 114 in contrast with March 31.

Generate to Andrew Welsch at andrew.welsch@barrons.com

July 27, 2022

National Bank Financial Analysts Cut Earnings Estimates for GFL Environmental Inc. (TSE:GFL)

GFL Environmental Inc. (TSE:GFL – Get Score) – Analysts at National Bank Fiscal dropped their FY2023 earnings for every share estimates for shares of GFL Environmental in a research take note issued to investors on Sunday, July 24th. National Bank Economic analyst R. Merer now expects that the organization will publish earnings for each share of $.89 for the year, down from their prior forecast of $.90. The consensus estimate for GFL Environmental’s present comprehensive-yr earnings is $1.03 for every share.

GFL Environmental (TSE:GFL – Get Rating) previous unveiled its quarterly earnings success on Wednesday, Might 4th. The firm noted C$.06 earnings per share for the quarter, beating analysts’ consensus estimates of C($.04) by C$.10. The corporation experienced earnings of C$1.40 billion all through the quarter, in comparison to analyst estimates of C$1.32 billion.

A number of other equities analysts have also weighed in on GFL. ATB Capital increased their price tag focus on on GFL Environmental to C$48.00 and gave the business a “acquire” rating in a exploration report on Tuesday, April 26th. BMO Money Markets assumed coverage on GFL Environmental in a investigation notice on Friday, Could 6th. They issued a “invest in” ranking and a C$42.00 selling price goal for the organization. Eventually, Atb Cap Markets reissued an “outperform” score on shares of GFL Environmental in a analysis be aware on Thursday, March 31st. Nine equities analysis analysts have rated the stock with a obtain ranking, Based mostly on data from MarketBeat, the inventory presently has an average ranking of “Get” and an normal goal rate of C$51.94.

GFL Environmental Investing Down .2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

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TSE:GFL opened at C$35.08 on Tuesday. The organization has a brief ratio of .42, a present ratio of .72 and a credit card debt-to-fairness ratio of 147.93. GFL Environmental has a 1-year lower of C$31.57 and a 1-year higher of C$54.01. The firm has a market capitalization of C$12.01 billion and a price tag-to-earnings ratio of -35.29. The inventory has a fifty working day straightforward shifting regular of C$35.37 and a 200 working day straightforward shifting regular of C$37.85.

GFL Environmental Dividend Announcement

The business also lately declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of report on Monday, July 18th will be paid out a dividend of $.015 for every share. This signifies a $.06 dividend on an annualized foundation and a dividend yield of .17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend day is Friday, July 15th. GFL Environmental’s dividend payout ratio (DPR) is presently -5.52{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Insider Transactions at GFL Environmental

In other news, Director Arun Nayar acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May well 11th. The stock was acquired at an normal expense of C$37.21 for every share, with a overall price of C$372,054.80. Next the purchase, the director now directly owns 48,205 shares of the company’s stock, valued at C$1,793,490.16.

About GFL Environmental

(Get Score)

GFL Environmental Inc operates as a diversified environmental solutions company in Canada and the United States. The corporation offers non-hazardous strong waste management, infrastructure and soil remediation, and liquid waste management providers. Its strong waste administration business line features the selection, transportation, transfer, recycling, and disposal of non-dangerous strong waste for municipal, residential, and professional and industrial shoppers.

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July 24, 2022

National Bank Financial Analysts Cut Earnings Estimates for Taseko Mines Limited (TSE:TKO)

Taseko Mines Limited (TSE:TKO – Get Score) (NYSE:TGB) – Investment analysts at Nationwide Financial institution Fiscal reduced their FY2022 EPS estimates for Taseko Mines in a report issued on Monday, July 18th. Countrywide Financial institution Economical analyst S. Nagle now expects that the organization will earn $.14 for each share for the yr, down from their prior forecast of $.17. The consensus estimate for Taseko Mines’ latest full-year earnings is $.16 per share.

Taseko Mines (TSE:TKO – Get Ranking) (NYSE:TGB) very last posted its quarterly earnings information on Wednesday, Might 4th. The enterprise described C$.02 EPS for the quarter, missing analysts’ consensus estimates of C$.03 by C($.01). The organization experienced profits of C$118.33 million in the course of the quarter.

A number of other investigate analysts also recently weighed in on the firm. BMO Capital Markets reduce their price concentrate on on Taseko Mines from C$3.50 to C$3.25 in a investigation be aware on Friday, May possibly 6th. TD Securities decreased their price goal on Taseko Mines from C$3.75 to C$3.25 and set a “get” rating on the inventory in a investigate report on Friday, Might 6th. Stifel Nicolaus reduced their price tag target on Taseko Mines from C$3.40 to C$2.50 in a investigation report on Tuesday. Scotiabank decreased their rate goal on Taseko Mines from C$3.00 to C$2.00 in a report on Thursday, July 7th. Last but not least, Countrywide Bankshares diminished their price objective on Taseko Mines from C$1.85 to C$1.70 and set a “sector conduct” rating on the stock in a report on Tuesday. 1 analyst has rated the inventory with a sell rating, two have assigned a maintain ranking and a few have assigned a acquire ranking to the enterprise. According to knowledge from MarketBeat, the firm has a consensus rating of “Maintain” and a consensus value goal of C$2.73.

Taseko Mines Price tag Efficiency

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When you start out obtaining compensated 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on your dollars, your money issues are inclined to pretty a lot evaporate.

Shares of TKO opened at C$1.25 on Wednesday. The inventory has a sector cap of C$357.86 million and a P/E ratio of 6.58. The business’s fifty working day moving ordinary is C$1.69 and its 200 day moving normal is C$2.26. Taseko Mines has a 12-thirty day period low of C$1.15 and a 12-month significant of C$3.00. The firm has a quick ratio of 2.33, a present ratio of 3.06 and a financial debt-to-fairness ratio of 143.79.

About Taseko Mines

(Get Rating)

Taseko Mines Confined, a mining corporation, acquires, develops, and operates mineral attributes. The organization explores for copper, molybdenum, gold, niobium, and silver deposits. It retains 75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} fascination in the Gibraltar mine positioned in British Columbia. It also retains 100{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} desire in Yellowhead copper project, the Aley niobium undertaking, and the New Prosperity gold and copper job situated in British Columbia and the Florence copper project found in Arizona.

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This quick news warn was produced by narrative science technological know-how and economic details from MarketBeat in order to present visitors with the speediest and most exact reporting. This tale was reviewed by MarketBeat’s editorial crew prior to publication. Remember to send out any issues or reviews about this tale to get hold of@marketbeat.com.

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July 23, 2022

Capital One Financial Analysts Lower Earnings Estimates for PDC Energy, Inc. (NASDAQ:PDCE)

PDC Energy, Inc. (NASDAQ:PDCE – Get Rating) – Research analysts at Capital One Financial lowered their Q3 2022 earnings estimates for PDC Energy in a report released on Tuesday, July 19th. Capital One Financial analyst B. Velie now forecasts that the energy producer will post earnings per share of $4.13 for the quarter, down from their previous estimate of $5.34. The consensus estimate for PDC Energy’s current full-year earnings is $18.51 per share. Capital One Financial also issued estimates for PDC Energy’s Q4 2022 earnings at $4.63 EPS, FY2022 earnings at $17.21 EPS, Q1 2023 earnings at $4.54 EPS, Q2 2023 earnings at $4.74 EPS, Q3 2023 earnings at $5.05 EPS, Q4 2023 earnings at $5.30 EPS and FY2023 earnings at $19.64 EPS.

Several other research analysts have also commented on PDCE. KeyCorp raised their price target on shares of PDC Energy from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, April 8th. Wells Fargo & Company raised their price target on shares of PDC Energy from $102.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, July 11th. The Goldman Sachs Group cut their price target on shares of PDC Energy from $87.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, July 5th. MKM Partners restated a “buy” rating and issued a $76.00 price target on shares of PDC Energy in a report on Wednesday. Finally, Truist Financial lifted their price objective on shares of PDC Energy from $94.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $87.75.

PDC Energy Price Performance

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PDCE opened at $60.59 on Friday. PDC Energy has a 1 year low of $34.52 and a 1 year high of $89.22. The company’s 50 day simple moving average is $68.09 and its 200 day simple moving average is $66.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $5.78 billion, a PE ratio of 12.07 and a beta of 2.73.

PDC Energy (NASDAQ:PDCE – Get Rating) last released its earnings results on Wednesday, May 4th. The energy producer reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.48. PDC Energy had a net margin of 26.48{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 38.99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $316.45 million for the quarter, compared to analysts’ expectations of $702.98 million. During the same period last year, the company earned $1.41 earnings per share. The company’s quarterly revenue was up 10.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

Hedge Funds Weigh In On PDC Energy

Hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its holdings in shares of PDC Energy by 4,577.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Royce & Associates LP now owns 258,266 shares of the energy producer’s stock valued at $12,598,000 after acquiring an additional 252,744 shares during the period. Yousif Capital Management LLC acquired a new position in shares of PDC Energy during the fourth quarter valued at $4,423,000. Citigroup Inc. boosted its holdings in shares of PDC Energy by 20.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Citigroup Inc. now owns 175,595 shares of the energy producer’s stock valued at $8,566,000 after acquiring an additional 29,323 shares during the period. GSA Capital Partners LLP acquired a new position in shares of PDC Energy during the fourth quarter valued at $1,219,000. Finally, First Trust Advisors LP boosted its holdings in shares of PDC Energy by 223.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. First Trust Advisors LP now owns 820,470 shares of the energy producer’s stock valued at $40,023,000 after acquiring an additional 567,065 shares during the period.

Insider Buying and Selling

In related news, CEO Barton R. Brookman, Jr. sold 2,000 shares of PDC Energy stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $68.10, for a total value of $136,200.00. Following the completion of the sale, the chief executive officer now owns 402,201 shares in the company, valued at $27,389,888.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other PDC Energy news, CFO R Scott Meyers sold 1,000 shares of PDC Energy stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $68.47, for a total value of $68,470.00. Following the completion of the transaction, the chief financial officer now owns 118,128 shares of the company’s stock, valued at $8,088,224.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Barton R. Brookman, Jr. sold 2,000 shares of PDC Energy stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $68.10, for a total transaction of $136,200.00. Following the completion of the transaction, the chief executive officer now directly owns 402,201 shares of the company’s stock, valued at approximately $27,389,888.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,038 shares of company stock worth $4,370,386. Insiders own 1.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

PDC Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 9th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.31{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date was Wednesday, June 8th. This is a positive change from PDC Energy’s previous quarterly dividend of $0.25. PDC Energy’s payout ratio is 27.89{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

PDC Energy Company Profile

(Get Rating)

PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company’s operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.

Tech leads stocks higher as earnings rush in, ECB hikes rates

Technology stocks led marketplaces better for a third straight session Thursday as traders mulled a slew of combined earnings and a surprise charge hike from the European Central Lender.

The tech-heavy Nasdaq Composite obtained 1.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, although the benchmark S&P 500 index rose 1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The Dow Jones Industrial Normal added 160 details, or .5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Shares of Amazon (AMZN) pushed bigger for a seventh straight working day, putting the e-commerce big on rate for its longest winning streak given that June 2020. The stock climbed 13{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} above the seven-working day period of time but remains down additional than 25{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} calendar year-to-date. Shares shut up 1.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

AT&T (T) shares fell 8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} regardless of reporting earnings that conquer estimates following the enterprise revealed a decreased outlook for yearly cost-free hard cash move.

Meanwhile, United Airways (UAL) inventory declined 10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} after the organization posted lower-than-expected 2nd-quarter results as inflationary pressures drove larger functioning expenses and gas fees that bit into its income.

A different significant progress this morning arrived from across the Atlantic, with the ECB electing to elevate curiosity fees by .50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, the initial fascination fee improve from the central lender considering that 2011 and its greatest enhance since 2000.

Buyers experienced predicted the ECB to elevated charges by .25{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in Thursday’s choice.

Pursuing this go, the euro was marginally much better from the greenback, trading over 1.025 just after getting arrived at parity with the buck before this month.

Stateside, investors continue to be centered on whether stocks can rise for a 3rd-straight day on Thursday following tech shares rallied through Wednesday’s investing session.

Tesla (TSLA) was in concentrate after reporting earnings pursuing market near Wednesday that topped analyst estimates but stated automotive gross margins fell from the former quarter. Shares have been up around 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} right before the bell.

Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italy), July 14th, 2022 (Photo by Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty Images) — Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italy), July 14th, 2022 (Photograph by Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio by means of Getty Visuals)

“Only earnings actually subject other difficulties are merely sidebars to that most important narrative,” Nicholas Colas, Co-founder of DataTrek analysis claimed in a Thursday morning take note, introducing that Fed coverage, trader self-confidence, and situations may perhaps shock the process and knowing them can supply beneficial context. “Ultimately, nevertheless, stock rates basically reflect the market’s greatest guess of sustainable long term company earnings.”

Europe also predicted the restart of the Nord Stream 1 gasoline pipeline – the most significant one pipeline carrying gasoline from Russia to Germany – immediately after the close of a prepared pause for servicing.

On the domestic front, financial knowledge showed the labor current market ongoing to soften final 7 days.

The most recent report on weekly filings for unemployment insurance policy confirmed 251,000 people submitted 1st-time claims for unemployment very last 7 days, the most since November 2021.

—

Alexandra Semenova is a reporter for Yahoo Finance. Follow her on Twitter @alexandraandnyc

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Tag: Earnings