Earnings Archives - Page 23 of 30

February 25, 2022

Range Resources Co. to Post FY2023 Earnings of $2.41 Per Share, KeyCorp Forecasts (NYSE:RRC)

Range Resources Co. (NYSE:RRC – Get Rating) – Equities research analysts at KeyCorp issued their FY2023 earnings estimates for Range Resources in a research note issued on Wednesday, February 23rd. KeyCorp analyst L. Mariani forecasts that the oil and gas exploration company will earn $2.41 per share for the year. Range Resources (NYSE:RRC – Get Rating) last posted its quarterly earnings data on Monday, February 21st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.02). Range Resources had a negative net margin of 22.48{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a positive return on equity of 17.74{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $871.99 million. During the same quarter in the previous year, the firm earned $0.02 EPS. Range Resources’s revenue was up 161.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year.

Several other brokerages have also issued reports on RRC. Morgan Stanley reduced their target price on Range Resources from $26.00 to $25.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 25th. JPMorgan Chase & Co. increased their price objective on Range Resources from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday. Susquehanna Bancshares increased their price objective on Range Resources from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday. Truist Financial cut their price objective on Range Resources from $27.00 to $24.00 in a report on Friday, January 14th. Finally, Zacks Investment Research lowered Range Resources from a “hold” rating to a “sell” rating and set a $19.00 price objective on the stock. in a report on Thursday, January 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.50.

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RRC opened at $23.87 on Friday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of -13.04, a PEG ratio of 0.19 and a beta of 2.22. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.31. Range Resources has a 12 month low of $8.47 and a 12 month high of $26.48. The stock has a fifty day moving average price of $19.65 and a 200-day moving average price of $19.76.

Range Resources declared that its board has initiated a stock buyback program on Tuesday, February 22nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the oil and gas exploration company to reacquire up to 9.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC increased its position in shares of Range Resources by 4.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,208,601 shares of the oil and gas exploration company’s stock worth $185,761,000 after purchasing an additional 313,811 shares in the last quarter. JPMorgan Chase & Co. increased its position in Range Resources by 223.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. JPMorgan Chase & Co. now owns 6,093,208 shares of the oil and gas exploration company’s stock valued at $108,642,000 after acquiring an additional 4,209,030 shares during the period. Goldman Sachs Group Inc. increased its position in Range Resources by 79.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,877,965 shares of the oil and gas exploration company’s stock valued at $81,755,000 after acquiring an additional 2,166,302 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in Range Resources by 0.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,968,245 shares of the oil and gas exploration company’s stock valued at $70,754,000 after acquiring an additional 33,119 shares during the period. Finally, Northern Trust Corp increased its position in Range Resources by 0.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Northern Trust Corp now owns 3,254,455 shares of the oil and gas exploration company’s stock valued at $54,544,000 after acquiring an additional 9,487 shares during the period. 91.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors.

Range Resources Company Profile (Get Rating)

Range Resources Corp. engages in the exploration, development and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX.

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February 24, 2022

Jefferies Financial Group Equities Analysts Boost Earnings Estimates for TopBuild Corp. (NYSE:BLD)

TopBuild Corp. (NYSE:BLD – Get Rating) – Stock analysts at Jefferies Financial Group lifted their Q3 2022 earnings estimates for TopBuild in a research report issued on Tuesday, February 22nd. Jefferies Financial Group analyst P. Ng now forecasts that the construction company will post earnings of $3.76 per share for the quarter, up from their prior estimate of $3.75. Jefferies Financial Group has a “Buy” rating and a $280.00 price target on the stock. Jefferies Financial Group also issued estimates for TopBuild’s FY2023 earnings at $15.14 EPS. TopBuild (NYSE:BLD – Get Rating) last released its quarterly earnings results on Monday, February 21st. The construction company reported $3.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.20. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. TopBuild had a net margin of 10.06{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 22.67{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s revenue was up 47.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis. During the same period last year, the business earned $2.15 EPS.

BLD has been the subject of a number of other reports. Stephens raised their price target on shares of TopBuild from $260.00 to $285.00 and gave the company an “equal weight” rating in a report on Thursday, November 4th. Truist Financial raised their price target on shares of TopBuild from $260.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday. BTIG Research lowered shares of TopBuild from a “buy” rating to a “neutral” rating in a report on Friday, December 3rd. Zelman & Associates raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Thursday, December 23rd. Finally, KeyCorp raised their price objective on shares of TopBuild from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, November 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TopBuild has a consensus rating of “Buy” and an average price target of $275.00.

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BLD opened at $195.98 on Thursday. The company has a fifty day simple moving average of $245.00 and a 200 day simple moving average of $240.95. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 20.56 and a beta of 1.57. TopBuild has a twelve month low of $179.50 and a twelve month high of $284.07. The company has a current ratio of 1.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

In other news, CEO Robert M. Buck sold 2,000 shares of TopBuild stock in a transaction dated Wednesday, December 15th. The shares were sold at an average price of $273.33, for a total value of $546,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in TopBuild by 2.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. BlackRock Inc. now owns 3,174,752 shares of the construction company’s stock valued at $875,946,000 after purchasing an additional 61,751 shares during the last quarter. Findlay Park Partners LLP lifted its position in TopBuild by 26.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Findlay Park Partners LLP now owns 2,460,089 shares of the construction company’s stock valued at $678,763,000 after purchasing an additional 516,000 shares during the last quarter. Alliancebernstein L.P. lifted its position in TopBuild by 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Alliancebernstein L.P. now owns 1,795,396 shares of the construction company’s stock valued at $495,368,000 after purchasing an additional 31,188 shares during the last quarter. Pictet Asset Management SA lifted its position in TopBuild by 2.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Pictet Asset Management SA now owns 1,535,898 shares of the construction company’s stock valued at $423,770,000 after purchasing an additional 43,915 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in TopBuild by 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Macquarie Group Ltd. now owns 1,145,882 shares of the construction company’s stock valued at $234,688,000 after purchasing an additional 66,627 shares during the last quarter. 95.52{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors and hedge funds.

TopBuild Company Profile (Get Rating)

TopBuild Corp. is an installer and distributor of insulation products and other building products to the U.S. construction industry. It operates through two segments: Installation and Distribution. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services business branches located in the U.S.

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February 21, 2022

Truist Financial Analysts Lift Earnings Estimates for Devon Energy Co. (NYSE:DVN)

Devon Energy Co. (NYSE:DVN) – Investment analysts at Truist Financial boosted their Q1 2022 earnings estimates for Devon Energy in a research note issued on Wednesday, February 16th. Truist Financial analyst N. Dingmann now anticipates that the energy company will post earnings per share of $1.39 for the quarter, up from their prior estimate of $1.34. Truist Financial has a “Buy” rating and a $65.00 price target on the stock. Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Monday, February 14th. The energy company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.15. Devon Energy had a return on equity of 26.76{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 23.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

DVN has been the topic of a number of other reports. Credit Suisse Group boosted their price target on Devon Energy from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, February 16th. StockNews.com raised Devon Energy from a “hold” rating to a “buy” rating in a report on Thursday. Benchmark raised Devon Energy from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, November 3rd. Barclays upped their price objective on Devon Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, January 13th. Finally, Citigroup upped their price objective on Devon Energy from $39.00 to $57.00 in a research note on Thursday, January 20th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $48.19.

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NYSE DVN opened at $54.78 on Monday. The stock’s 50 day moving average is $48.09 and its 200 day moving average is $40.31. The company has a current ratio of 1.38, a quick ratio of 1.21 and a debt-to-equity ratio of 0.69. Devon Energy has a 12 month low of $19.61 and a 12 month high of $56.42. The stock has a market cap of $37.09 billion, a PE ratio of 13.14, a P/E/G ratio of 0.23 and a beta of 2.87.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in Devon Energy by 1.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. State Street Corp now owns 40,381,741 shares of the energy company’s stock worth $1,178,743,000 after buying an additional 460,138 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Devon Energy by 36.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. Price T Rowe Associates Inc. MD now owns 32,658,423 shares of the energy company’s stock worth $953,299,000 after buying an additional 8,679,826 shares in the last quarter. Invesco Ltd. lifted its position in Devon Energy by 0.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Invesco Ltd. now owns 25,897,429 shares of the energy company’s stock worth $919,617,000 after buying an additional 84,866 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Devon Energy by 9.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Bank of New York Mellon Corp now owns 14,567,536 shares of the energy company’s stock worth $517,294,000 after buying an additional 1,270,392 shares in the last quarter. Finally, GQG Partners LLC lifted its position in Devon Energy by 4.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. GQG Partners LLC now owns 14,507,422 shares of the energy company’s stock worth $638,965,000 after buying an additional 595,212 shares in the last quarter. Institutional investors and hedge funds own 88.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

In other Devon Energy news, CAO Jeremy D. Humphers sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 14th. The stock was sold at an average price of $40.64, for a total value of $81,280.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tana K. Cashion sold 41,883 shares of the firm’s stock in a transaction that occurred on Tuesday, December 14th. The shares were sold at an average price of $40.13, for a total value of $1,680,764.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,812 shares of company stock worth $1,801,555. 0.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by corporate insiders.

Devon Energy announced that its board has approved a share buyback plan on Tuesday, November 2nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the energy company to buy up to 3.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 31st. Investors of record on Monday, March 14th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a positive change from Devon Energy’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 11th. Devon Energy’s dividend payout ratio (DPR) is 10.55{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Devon Energy

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

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February 19, 2022

Capital One Financial Analysts Lower Earnings Estimates for EQT Co. (NYSE:EQT)

EQT Co. (NYSE:EQT) – Capital One Financial dropped their Q2 2022 EPS estimates for shares of EQT in a report released on Tuesday, February 15th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.27 for the quarter, down from their previous forecast of $0.76. Capital One Financial also issued estimates for EQT’s Q3 2022 earnings at $0.32 EPS, Q4 2022 earnings at $0.61 EPS, FY2022 earnings at $2.10 EPS and FY2023 earnings at $5.17 EPS. EQT (NYSE:EQT) last posted its quarterly earnings data on Wednesday, February 9th. The oil and gas producer reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). During the same quarter last year, the company earned ($0.02) EPS.

Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. raised shares of EQT from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research report on Friday, October 29th. They noted that the move was a valuation call. Morgan Stanley raised shares of EQT from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $24.00 to $31.00 in a research report on Friday, November 19th. Truist Financial lowered their price target on shares of EQT from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, January 14th. MKM Partners reiterated a “buy” rating on shares of EQT in a research note on Thursday, February 10th. Finally, StockNews.com upgraded shares of EQT from a “sell” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, EQT has a consensus rating of “Buy” and a consensus price target of $27.60.

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EQT traded down $0.43 during trading on Friday, hitting $22.78. The company had a trading volume of 199,702 shares, compared to its average volume of 9,425,470. The company has a market capitalization of $8.57 billion, a PE ratio of -5.32, a PEG ratio of 0.75 and a beta of 1.11. EQT has a one year low of $15.71 and a one year high of $24.83. The firm’s 50-day moving average price is $21.95 and its 200 day moving average price is $20.50. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Monday, February 14th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.19{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a positive change from EQT’s previous quarterly dividend of $0.03. The ex-dividend date is Friday, February 11th. EQT’s dividend payout ratio (DPR) is -11.47{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

EQT announced that its board has authorized a share buyback program on Monday, December 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the oil and gas producer to repurchase up to 13.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EQT. Nisa Investment Advisors LLC lifted its position in EQT by 0.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Nisa Investment Advisors LLC now owns 105,781 shares of the oil and gas producer’s stock valued at $2,248,000 after purchasing an additional 595 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in EQT by 0.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Louisiana State Employees Retirement System now owns 77,700 shares of the oil and gas producer’s stock valued at $1,695,000 after purchasing an additional 600 shares during the last quarter. Centre Asset Management LLC lifted its holdings in shares of EQT by 0.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Centre Asset Management LLC now owns 164,890 shares of the oil and gas producer’s stock worth $3,351,000 after acquiring an additional 760 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of EQT by 117.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,511 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 815 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of EQT by 1.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. State of Michigan Retirement System now owns 76,661 shares of the oil and gas producer’s stock worth $1,672,000 after buying an additional 900 shares during the period. 89.38{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors.

EQT Company Profile

EQT Corp. engages in natural gas production, gathering and transmission in the Appalachian area. It has operations in Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

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February 16, 2022

Zacks: Analysts Anticipate Sunlight Financial Holdings Inc (NYSE:SUNL) Will Post Earnings of -$0.03 Per Share

Wall Street brokerages predict that Sunlight Fiscal Holdings Inc (NYSE:SUNL) will announce ($.03) earnings for every share for the present-day fiscal quarter, according to Zacks. Two analysts have furnished estimates for Daylight Financial’s earnings, with estimates ranging from ($.08) to $.04. The firm is scheduled to report its following quarterly earnings report on Monday, February 21st.

In accordance to Zacks, analysts assume that Sunlight Financial will report comprehensive 12 months earnings of ($.10) for every share for the present yr, with EPS estimates ranging from ($.15) to ($.04). For the subsequent calendar year, analysts count on that the enterprise will report earnings of ($.02) per share, with EPS estimates ranging from ($.18) to $.22. Zacks Expense Research’s EPS calculations are an common based mostly on a survey of exploration analysts that go over Daylight Monetary.

Sunlight Economic (NYSE:SUNL) very last launched its quarterly earnings data on Monday, November 15th. The corporation claimed ($.15) earnings for each share (EPS) for the quarter, lacking analysts’ consensus estimates of $.05 by ($.20). The firm experienced revenue of $28.59 million for the duration of the quarter, as opposed to the consensus estimate of $31.32 million.

A number of brokerages have weighed in on SUNL. Barclays upped their focus on price tag on Sunlight Money from $8.00 to $9.00 and gave the inventory an “obese” score in a exploration be aware on Tuesday, November 16th. Citigroup diminished their selling price objective on Sunlight Monetary from $12.00 to $10.00 and established a “get” score on the stock in a exploration report on Tuesday, November 16th. Roth Capital reduced their value goal on Sunlight Financial from $15.00 to $10.00 and set a “obtain” ranking on the stock in a investigation report on Tuesday, November 16th. Lastly, Zacks Expenditure Investigation minimize Daylight Economical from a “keep” score to a “offer” ranking in a report on Tuesday, February 8th. 1 equities investigation analyst has rated the stock with a provide rating and 6 have assigned a obtain rating to the corporation. Based on details from MarketBeat, Daylight Financial has an regular ranking of “Obtain” and a consensus target selling price of $9.83.

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Shares of NYSE SUNL opened at $3.40 on Wednesday. The stock’s 50-working day very simple going ordinary is $3.63 and its two-hundred working day straightforward going typical is $4.94. Daylight Financial has a twelve month minimal of $2.41 and a twelve thirty day period large of $13.52.

In other Daylight Economic information, COO Timothy Parsons purchased 10,000 shares of Sunlight Economic stock in a transaction on Wednesday, December 1st. The stock was obtained at an typical selling price of $4.18 for each share, with a overall worth of $41,800.00. The acquire was disclosed in a document filed with the SEC, which is offered at this hyperlink. Also, CEO Matthew Potere purchased 20,000 shares of the firm’s inventory in a transaction dated Monday, November 29th. The stock was ordered at an ordinary price of $4.31 for every share, for a total transaction of $86,200.00. The disclosure for this invest in can be found here.

Quite a few hedge funds have just lately additional to or diminished their stakes in SUNL. Citigroup Inc. boosted its stake in shares of Sunlight Money by 136.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Citigroup Inc. now owns 5,669 shares of the company’s stock really worth $27,000 following purchasing an added 3,273 shares during the final quarter. Penserra Capital Management LLC purchased a new position in shares of Sunlight Money in the 3rd quarter worth $46,000. Built-in Wealth Principles LLC ordered a new position in shares of Daylight Money in the 4th quarter well worth $54,000. Raymond James & Associates ordered a new posture in shares of Daylight Fiscal in the 4th quarter truly worth $55,000. Finally, Floor Swell Funds LLC purchased a new situation in shares of Daylight Financial in the 4th quarter worthy of $57,000. Hedge funds and other institutional buyers personal 23.95{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s inventory.

About Daylight Fiscal

Sunlight Money Holdings Inc is a premier, know-how-enabled position-of-sale finance firm. Sunlight Money Holdings Inc, formerly known as Spartan Acquisition Corp. II, is dependent in NEW YORK.

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This immediate news notify was generated by narrative science technologies and economic info from MarketBeat in buy to present visitors with the swiftest and most accurate reporting. This story was reviewed by MarketBeat’s editorial crew prior to publication. Be sure to send any inquiries or remarks about this story to [email protected]

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February 13, 2022

Truist Financial Analysts Boost Earnings Estimates for Belden Inc. (NYSE:BDC)

Belden Inc. (NYSE:BDC) – Equities analysis analysts at Truist Economical upped their Q3 2022 earnings for each share (EPS) estimates for Belden in a observe issued to buyers on Thursday, February 10th. Truist Money analyst W. Stein now anticipates that the industrial products and solutions business will gain $1.36 per share for the quarter, up from their preceding estimate of $1.34. Truist Fiscal also issued estimates for Belden’s Q4 2022 earnings at $1.47 EPS, Q1 2023 earnings at $1.30 EPS, Q2 2023 earnings at $1.40 EPS, Q3 2023 earnings at $1.46 EPS and Q4 2023 earnings at $1.57 EPS. Belden (NYSE:BDC) last posted its earnings outcomes on Wednesday, February 9th. The industrial products firm noted $1.32 earnings for every share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $.05. Belden had a web margin of 5.32{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on fairness of 23.06{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the exact period of time past calendar year, the organization attained $.90 EPS.

A amount of other investigate analysts also not too long ago weighed in on BDC. lifted their target price on shares of Belden from $68.00 to $82.00 and gave the business a “get” rating in a investigation report on Thursday, November 4th. Zacks Financial commitment Investigation downgraded shares of Belden from a “invest in” ranking to a “hold” ranking in a analysis report on Wednesday, January 5th. Just one study analyst has rated the stock with a sell rating, one has assigned a keep rating and two have issued a buy score to the company’s inventory. According to knowledge from MarketBeat, the inventory presently has a consensus score of “Maintain” and a consensus focus on rate of $65.00.

Shares of NYSE:BDC opened at $56.15 on Friday. The organization has a industry cap of $2.52 billion, a cost-to-earnings ratio of 21.03 and a beta of 1.39. Belden has a 12 month lower of $40.66 and a 12 month large of $68.87. The company’s fifty working day straightforward transferring normal is $60.78 and its 200 day very simple going normal is $59.56. The organization has a speedy ratio of 1.54, a existing ratio of 2.04 and a debt-to-equity ratio of 1.58.

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Hedge funds have a short while ago designed alterations to their positions in the stock. C M Bidwell & Associates Ltd. acquired a new situation in shares of Belden in the 2nd quarter valued at about $44,000. Fifth Third Bancorp obtained a new position in Belden all through the 3rd quarter well worth somewhere around $49,000. Pinebridge Investments L.P. bought a new stake in Belden all through the 4th quarter well worth approximately $59,000. Industrial Alliance Investment decision Management Inc. purchased a new stake in Belden through the 4th quarter value around $102,000. Last but not least, United states of america Economical Portformulas Corp acquired a new stake in Belden during the 4th quarter really worth about $124,000. 98.82{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the inventory is owned by institutional buyers and hedge money.

The company also a short while ago disclosed a quarterly dividend, which was compensated on Thursday, January 6th. Stockholders of record on Friday, December 17th have been supplied a $.05 dividend. This represents a $.20 dividend on an annualized foundation and a dividend generate of .36{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date was Thursday, December 16th. Belden’s dividend payout ratio (DPR) is presently 7.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Belden

Belden, Inc engages in the provision of innovative sign transmission remedies. It operates by way of the Organization Methods and Industrial Answers segments. The Company Answers segment features community infrastructure alternatives, as properly as cabling and connectivity alternatives for broadcast, commercial audio/movie, and safety programs.

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This instant information alert was produced by narrative science technology and financial information from MarketBeat in purchase to supply audience with the speediest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce prior to publication. You should deliver any inquiries or remarks about this story to [email protected]

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Just before you contemplate Belden, you will want to listen to this.

MarketBeat retains keep track of of Wall Street’s leading-rated and best performing study analysts and the shares they advise to their consumers on a every day foundation. MarketBeat has identified the five stocks that prime analysts are quietly whispering to their clients to get now ahead of the broader market place catches on… and Belden wasn’t on the listing.

Whilst Belden presently has a “Maintain” rating amid analysts, best-rated analysts imagine these 5 stocks are much better purchases.

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