Tag: Estimates

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BWS Financial Analysts Lower Earnings Estimates for Iridium Communications Inc. (NASDAQ:IRDM)

BWS Financial Analysts Lower Earnings Estimates for Iridium Communications Inc. (NASDAQ:IRDM)

Iridium Communications Inc. (NASDAQ:IRDM – Get Rating) – Research analysts at BWS Financial lowered their Q3 2023 earnings estimates for Iridium Communications in a report released on Monday, November 28th. BWS Financial analyst H. Khorsand now forecasts that the technology company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.04. The consensus estimate for Iridium Communications’ current full-year earnings is $0.08 per share.

Several other research analysts have also commented on IRDM. Raymond James raised their price target on shares of Iridium Communications from $51.00 to $60.00 and gave the company a “strong-buy” rating in a report on Friday, October 21st. Barclays lowered shares of Iridium Communications from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $48.00 to $45.00 in a report on Wednesday, October 19th. StockNews.com upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating in a report on Friday, November 18th. Finally, Morgan Stanley raised their price target on shares of Iridium Communications from $50.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, October 17th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Iridium Communications presently has a consensus rating of “Buy” and an average price target of $53.25.

Iridium Communications Trading Up 3.1 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

NASDAQ IRDM opened at $53.10 on Thursday. Iridium Communications has a one year low of $31.73 and a one year high of $53.61. The company’s 50 day moving average price is $49.12 and its 200 day moving average price is $43.71. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.52 and a current ratio of 2.82. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 1,327.83 and a beta of 1.13.

Iridium Communications (NASDAQ:IRDM – Get Rating) last released its earnings results on Thursday, October 20th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Iridium Communications had a net margin of 0.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 0.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $184.04 million for the quarter, compared to analysts’ expectations of $180.91 million. During the same period last year, the company earned ($0.02) earnings per share. The company’s quarterly revenue was up 13.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

Institutional Trading of Iridium Communications

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Iridium Communications by 0.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,129 shares of the technology company’s stock worth $1,781,000 after purchasing an additional 221 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Iridium Communications by 1.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Envestnet Asset Management Inc. now owns 13,582 shares of the technology company’s stock worth $603,000 after purchasing an additional 223 shares during the period. Telemus Capital LLC boosted its holdings in Iridium Communications by 4.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Telemus Capital LLC now owns 5,813 shares of the technology company’s stock worth $258,000 after purchasing an additional 247 shares during the period. Institute for Wealth Management LLC. boosted its holdings in Iridium Communications by 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Institute for Wealth Management LLC. now owns 14,312 shares of the technology company’s stock worth $635,000 after purchasing an additional 256 shares during the period. Finally, US Bancorp DE boosted its holdings in Iridium Communications by 4.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. US Bancorp DE now owns 7,522 shares of the technology company’s stock worth $334,000 after purchasing an additional 311 shares during the period. Institutional investors own 85.69{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Insider Activity

In other news, Director Parker William Rush sold 27,363 shares of Iridium Communications stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $52.00, for a total transaction of $1,422,876.00. Following the sale, the director now owns 190,044 shares in the company, valued at $9,882,288. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Parker William Rush sold 27,363 shares of Iridium Communications stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $52.00, for a total value of $1,422,876.00. Following the completion of the sale, the director now owns 190,044 shares in the company, valued at $9,882,288. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Timothy Kapalka sold 2,382 shares of Iridium Communications stock in a transaction on Monday, October 31st. The stock was sold at an average price of $51.25, for a total transaction of $122,077.50. Following the completion of the sale, the chief accounting officer now owns 19,896 shares of the company’s stock, valued at approximately $1,019,670. The disclosure for this sale can be found here. Insiders have sold 51,448 shares of company stock worth $2,667,224 over the last 90 days. Company insiders own 2.50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

About Iridium Communications

(Get Rating)

Iridium Communications Inc provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services.

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Earnings History and Estimates for Iridium Communications (NASDAQ:IRDM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Iridium Communications, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Iridium Communications wasn’t on the list.

While Iridium Communications currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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National Bank Financial Research Analysts Reduce Earnings Estimates for 5N Plus Inc. (TSE:VNP)

National Bank Financial Research Analysts Reduce Earnings Estimates for 5N Plus Inc. (TSE:VNP)

5N As well as Inc. (TSE:VNP – Get Rating) – Analysts at National Bank Money decreased their FY2023 EPS estimates for 5N Plus in a study report issued to clients and investors on Sunday, November 20th. Countrywide Lender Economic analyst R. Merer now anticipates that the company will article earnings per share of $.25 for the year, down from their prior forecast of $.27. National Lender Fiscal has a “Outperform Spec Sector Bodyweight” rating on the inventory. The consensus estimate for 5N Plus’ existing full-year earnings is $.20 for each share.

VNP has been the subject of many other study experiences. Raymond James elevated their focus on selling price on shares of 5N Additionally from C$3.00 to C$4.00 and gave the inventory an “outperform” score in a report on Thursday, November 3rd. Countrywide Bankshares elevated their concentrate on price tag on shares of 5N As well as from C$3.25 to C$3.75 and gave the stock an “outperform” score in a report on Monday. Desjardins upgraded shares of 5N Furthermore from a “keep” score to a “acquire” score in a report on Friday, October 28th. Ultimately, Cormark lifted their target rate on shares of 5N As well as from C$2.00 to C$2.50 and gave the stock an “outperform” score in a report on Thursday, August 4th. 4 exploration analysts have rated the stock with a buy rating, Based mostly on information from MarketBeat.com, 5N Furthermore presently has an average rating of “Buy” and an average concentrate on rate of C$3.42.

5N Plus Stock Up 3.4 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Shares of TSE VNP opened at C$3.02 on Wednesday. The corporation has a credit card debt-to-fairness ratio of 128.06, a recent ratio of 3.36 and a speedy ratio of 1.51. 5N Moreover has a 1 calendar year reduced of C$1.03 and a 1 calendar year significant of C$3.05. The inventory has a sector capitalization of C$266.76 million and a P/E ratio of -52.98. The firm’s 50 day uncomplicated going regular is C$2.00 and its two-hundred working day uncomplicated moving common is C$1.69.

Insider Obtaining and Advertising

In other news, Director Luc Bertrand purchased 60,700 shares of the stock in a transaction dated Wednesday, November 9th. The stock was bought at an ordinary cost of C$2.50 per share, for a overall transaction of C$151,628.60. Following the invest in, the director now instantly owns 2,153,000 shares in the corporation, valued at close to C$5,378,194.

About 5N Furthermore

(Get Ranking)

5N Additionally Inc makes and sells semiconductors in North The united states, Europe, and Asia. It operates through Specialty Semiconductors and General performance Materials segments. The company gives reduced melting place alloys, semiconductor compounds and wafers, as very well as different substances, and metals. It is also concerned in manufacture of metallic powders for micro-digital and production applications.

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Earnings History and Estimates for 5N Plus (TSE:VNP)

This fast information warn was produced by narrative science know-how and economic knowledge from MarketBeat in get to offer viewers with the speediest and most precise reporting. This story was reviewed by MarketBeat’s editorial crew prior to publication. Please mail any questions or responses about this story to speak to@marketbeat.com.

Prior to you consider 5N Additionally, you’ll want to listen to this.

MarketBeat retains observe of Wall Street’s best-rated and best performing research analysts and the shares they suggest to their purchasers on a day by day basis. MarketBeat has discovered the five shares that top rated analysts are quietly whispering to their clientele to purchase now in advance of the broader market catches on… and 5N Furthermore wasn’t on the listing.

Although 5N Furthermore now has a “Purchase” score amongst analysts, top-rated analysts consider these 5 shares are improved purchases.

See The 5 Stocks Listed here

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Capital One Financial Equities Analysts Decrease Earnings Estimates for SM Energy (NYSE:SM)

Capital One Financial Equities Analysts Decrease Earnings Estimates for SM Energy (NYSE:SM)

SM Energy (NYSE:SM – Get Rating) – Equities research analysts at Capital One Financial cut their Q4 2022 EPS estimates for shares of SM Energy in a report released on Wednesday, November 16th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $1.50 per share for the quarter, down from their previous estimate of $1.57. The consensus estimate for SM Energy’s current full-year earnings is $7.56 per share. Capital One Financial also issued estimates for SM Energy’s FY2024 earnings at $6.91 EPS.

SM has been the subject of several other research reports. KeyCorp started coverage on shares of SM Energy in a report on Monday, September 19th. They issued an “overweight” rating and a $64.00 target price for the company. Barclays dropped their target price on shares of SM Energy from $51.00 to $46.00 and set an “underweight” rating for the company in a report on Wednesday, October 19th. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Finally, Royal Bank of Canada boosted their price target on shares of SM Energy from $53.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.44.

SM Energy Stock Down 1.3 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

SM Energy stock opened at $45.16 on Friday. SM Energy has a fifty-two week low of $25.23 and a fifty-two week high of $54.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50 day moving average price of $43.43 and a 200 day moving average price of $41.30. The company has a market capitalization of $5.55 billion, a PE ratio of 4.39 and a beta of 4.56.

Institutional Investors Weigh In On SM Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its position in SM Energy by 677.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Global Retirement Partners LLC now owns 583 shares of the energy company’s stock valued at $26,000 after acquiring an additional 508 shares during the last quarter. CWM LLC raised its holdings in shares of SM Energy by 99.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. CWM LLC now owns 867 shares of the energy company’s stock valued at $33,000 after buying an additional 432 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of SM Energy in the second quarter valued at about $34,000. Larson Financial Group LLC purchased a new stake in shares of SM Energy in the third quarter valued at about $38,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of SM Energy by 1,338.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Quadrant Capital Group LLC now owns 2,230 shares of the energy company’s stock valued at $84,000 after buying an additional 2,075 shares during the last quarter. 90.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Patrick A. Lytle sold 8,658 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $45.61, for a total transaction of $394,891.38. Following the completion of the transaction, the chief accounting officer now owns 12,463 shares in the company, valued at $568,437.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Patrick A. Lytle sold 8,658 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $45.61, for a total value of $394,891.38. Following the completion of the sale, the chief accounting officer now directly owns 12,463 shares of the company’s stock, valued at $568,437.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David W. Copeland sold 10,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $46.23, for a total transaction of $462,300.00. Following the completion of the sale, the executive vice president now directly owns 228,543 shares of the company’s stock, valued at $10,565,542.89. The disclosure for this sale can be found here. Insiders own 1.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

SM Energy Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, November 7th. Investors of record on Tuesday, October 25th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, October 24th. This represents a dividend yield of 0.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is an increase from SM Energy’s previous Semi-Annual dividend of $0.01. SM Energy’s payout ratio is presently 5.83{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

SM Energy Company Profile

(Get Rating)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.

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Earnings History and Estimates for SM Energy (NYSE:SM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider SM Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and SM Energy wasn’t on the list.

While SM Energy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Jefferies Financial Group Research Analysts Increase Earnings Estimates for General Mills, Inc. (NYSE:GIS)

Jefferies Financial Group Research Analysts Increase Earnings Estimates for General Mills, Inc. (NYSE:GIS)

General Mills, Inc. (NYSE:GIS – Get Rating) – Equities research analysts at Jefferies Financial Group boosted their Q2 2023 EPS estimates for shares of General Mills in a research note issued to investors on Thursday, November 10th. Jefferies Financial Group analyst R. Dickerson now forecasts that the company will earn $1.05 per share for the quarter, up from their prior estimate of $1.04. The consensus estimate for General Mills’ current full-year earnings is $4.08 per share. Jefferies Financial Group also issued estimates for General Mills’ Q3 2023 earnings at $0.90 EPS, Q4 2023 earnings at $1.04 EPS, FY2023 earnings at $4.10 EPS, FY2024 earnings at $4.35 EPS, Q1 2025 earnings at $1.15 EPS and FY2025 earnings at $4.60 EPS.

Several other research analysts have also recently commented on the stock. Morgan Stanley upped their target price on shares of General Mills from $66.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, September 22nd. The Goldman Sachs Group upped their price target on shares of General Mills from $64.00 to $71.00 and gave the stock a “sell” rating in a research note on Monday, October 10th. BMO Capital Markets upped their price target on shares of General Mills from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Thursday, September 22nd. Piper Sandler upped their price target on shares of General Mills from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, September 22nd. Finally, StockNews.com began coverage on shares of General Mills in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.38.

General Mills Price Performance

NYSE GIS opened at $79.58 on Friday. General Mills has a 52 week low of $61.41 and a 52 week high of $82.10. The company has a current ratio of 0.60, a quick ratio of 0.35 and a debt-to-equity ratio of 0.78. The stock has a market cap of $47.23 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 2.60 and a beta of 0.34. The company has a 50-day moving average price of $77.73 and a two-hundred day moving average price of $74.48.

General Mills (NYSE:GIS – Get Rating) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. General Mills had a net margin of 15.13{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 23.87{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s revenue for the quarter was up 3.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, October 6th. This represents a $2.16 annualized dividend and a yield of 2.71{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. General Mills’s dividend payout ratio is presently 45.47{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Insider Buying and Selling at General Mills

In other General Mills news, insider Shawn P. Ogrady sold 15,088 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $80.57, for a total value of $1,215,640.16. Following the transaction, the insider now owns 76,044 shares in the company, valued at approximately $6,126,865.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other General Mills news, insider Shawn P. Ogrady sold 15,088 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $80.57, for a total value of $1,215,640.16. Following the transaction, the insider now owns 76,044 shares in the company, valued at approximately $6,126,865.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Harmening sold 37,895 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $80.00, for a total transaction of $3,031,600.00. Following the completion of the transaction, the chief executive officer now owns 279,482 shares in the company, valued at approximately $22,358,560. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,575 shares of company stock worth $7,701,172. 0.67{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GIS. Geneva Partners LLC grew its stake in General Mills by 2.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Geneva Partners LLC now owns 6,579 shares of the company’s stock valued at $504,000 after buying an additional 126 shares during the last quarter. Pinnacle Financial Partners Inc. grew its stake in General Mills by 0.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 27,800 shares of the company’s stock valued at $2,129,000 after buying an additional 129 shares during the last quarter. Physicians Financial Services Inc. grew its stake in General Mills by 1.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Physicians Financial Services Inc. now owns 13,353 shares of the company’s stock valued at $1,007,000 after buying an additional 131 shares during the last quarter. Archford Capital Strategies LLC grew its stake in General Mills by 1.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Archford Capital Strategies LLC now owns 8,212 shares of the company’s stock valued at $629,000 after buying an additional 132 shares during the last quarter. Finally, West Coast Financial LLC grew its stake in General Mills by 3.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. West Coast Financial LLC now owns 3,954 shares of the company’s stock valued at $303,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 75.48{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

About General Mills

(Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

See Also

Earnings History and Estimates for General Mills (NYSE:GIS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider General Mills, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and General Mills wasn’t on the list.

While General Mills currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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National Bank Financial Analysts Decrease Earnings Estimates for Agnico Eagle Mines Limited (NYSE:AEM)

National Bank Financial Analysts Decrease Earnings Estimates for Agnico Eagle Mines Limited (NYSE:AEM)

Agnico Eagle Mines Confined (NYSE:AEM – Get Ranking) (TSE:AEM) – Investment analysts at National Bank Money slash their FY2023 earnings per share (EPS) estimates for shares of Agnico Eagle Mines in a investigation notice issued on Monday, October 31st. Countrywide Lender Economical analyst M. Parkin now anticipates that the mining corporation will put up earnings of $1.78 for each share for the 12 months, down from their preceding estimate of $1.79. The consensus estimate for Agnico Eagle Mines’ latest total-yr earnings is $2.17 per share.

Agnico Eagle Mines (NYSE:AEM – Get Score) (TSE:AEM) past issued its quarterly earnings data on Thursday, October 27th. The mining organization described $.52 earnings for every share (EPS) for the quarter, beating the consensus estimate of $.43 by $.09. Agnico Eagle Mines had a return on fairness of 6.80{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a internet margin of 10.68{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business enterprise experienced profits of $1.45 billion through the quarter, as opposed to analyst estimates of $1.43 billion. Throughout the identical period of time in the preceding year, the business earned $.60 EPS. Agnico Eagle Mines’s quarterly income was up 47.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in comparison to the exact same quarter final calendar year.

Various other equities analysts have also issued reports on AEM. StockNews.com initiated coverage on Agnico Eagle Mines in a research report on Wednesday, October 12th. They issued a “keep” score for the company. Barclays boosted their selling price goal on Agnico Eagle Mines from $62.00 to $63.00 and gave the firm an “obese” rating in a investigation report on Monday, October 17th. Stifel Nicolaus diminished their selling price focus on on Agnico Eagle Mines from C$100.00 to C$89.00 in a study report on Wednesday, July 20th. The Goldman Sachs Team started coverage on Agnico Eagle Mines in a study report on Monday, September 12th. They established a “get” ranking and a $55.00 rate focus on for the firm. Eventually, TheStreet downgraded Agnico Eagle Mines from a “b-” rating to a “c” ranking in a analysis report on Tuesday, July 12th. 1 exploration analyst has rated the stock with a hold score and 7 have offered a invest in rating to the company’s inventory. According to MarketBeat.com, the organization presently has a consensus score of “Moderate Obtain” and a consensus goal rate of $71.67.

Agnico Eagle Mines Price tag General performance

Shares of AEM opened at $45.76 on Wednesday. The organization has a credit card debt-to-equity ratio of .08, a rapid ratio of 1.04 and a present-day ratio of 2.17. The stock has a 50 day uncomplicated shifting common of $42.38 and a 200 day basic relocating typical of $47.27. Agnico Eagle Mines has a 52-7 days reduced of $36.69 and a 52-week significant of $67.14. The business has a marketplace capitalization of $20.85 billion, a PE ratio of 31.34, a P/E/G ratio of 20.82 and a beta of .76.

Institutional Investors Weigh In On Agnico Eagle Mines

A variety of institutional traders and hedge money have a short while ago manufactured modifications to their positions in the stock. Koshinski Asset Administration Inc. acquired a new stake in Agnico Eagle Mines in the 1st quarter valued at $178,000. CWM LLC lifted its stake in Agnico Eagle Mines by 314.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. CWM LLC now owns 4,595 shares of the mining company’s inventory valued at $281,000 after buying an more 3,487 shares for the duration of the time period. Virginia Retirement Units ET AL purchased a new stake in Agnico Eagle Mines in the 1st quarter valued at $2,473,000. Zurcher Kantonalbank Zurich Cantonalbank elevated its stake in Agnico Eagle Mines by 79.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 154,451 shares of the mining company’s inventory valued at $9,460,000 soon after getting an supplemental 68,485 shares for the duration of the interval. Finally, Strs Ohio acquired a new stake in Agnico Eagle Mines in the 1st quarter valued at $11,367,000. Institutional traders very own 57.62{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the firm’s inventory.

Agnico Eagle Mines Dividend Announcement

The business enterprise also a short while ago disclosed a quarterly dividend, which will be compensated on Thursday, December 15th. Stockholders of document on Thursday, December 1st will be paid a dividend of $.40 per share. This signifies a $1.60 dividend on an annualized basis and a dividend yield of 3.50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend day is Wednesday, November 30th. Agnico Eagle Mines’s dividend payout ratio is now 109.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Agnico Eagle Mines

(Get Ranking)

Agnico Eagle Mines Limited engages in the exploration, improvement, and generation of mineral properties in Canada, Mexico, and Finland. It operates as a result of Northern Enterprise and Southern Enterprise segments. The corporation largely creates and sells gold deposits, as nicely as explores for silver, zinc, and copper deposits.

Even more Looking through

Earnings History and Estimates for Agnico Eagle Mines (NYSE:AEM)

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Some Analysts Just Cut Their First National Financial Corporation (TSE:FN) Estimates

Some Analysts Just Cut Their First National Financial Corporation (TSE:FN) Estimates

Industry forces rained on the parade of Very first National Financial Corporation (TSE:FN) shareholders right now, when the analysts downgraded their forecasts for future year. Profits estimates have been reduce sharply as analysts signalled a weaker outlook – maybe a sign that buyers should mood their anticipations as effectively.

Soon after the downgrade, the four analysts covering To start with Countrywide Fiscal are now predicting revenues of CA$818m in 2023. If achieved, this would replicate a good 9.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} improvement in profits in contrast to the very last 12 months. Statutory earnings for each share are expected to shrink 8.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to CA$2.98 in the identical time period. Previously, the analysts had been modelling revenues of CA$1.0b and earnings for each share (EPS) of CA$3.16 in 2023. It appears to be like analyst sentiment has fallen somewhat in this update, with a significant drop in revenue estimates and a tiny dip in earnings for every share figures as perfectly.

Test out our most recent assessment for 1st Countrywide Financial

earnings-and-revenue-growth
TSX:FN Earnings and Earnings Development Oct 30th 2022

Analysts built no major modifications to their cost focus on of CA$35.83, suggesting the downgrades are not envisioned to have a lengthy-time period influence on Very first Nationwide Financial’s valuation. Fixating on a one selling price goal can be unwise even though, because the consensus focus on is successfully the common of analyst price targets. As a result, some buyers like to glimpse at the vary of estimates to see if there are any diverging opinions on the company’s valuation. The most optimistic Very first National Monetary analyst has a value concentrate on of CA$40.00 per share, while the most pessimistic values it at CA$33.00. Even now, with these types of a limited array of estimates, it implies the analysts have a rather fantastic plan of what they consider the organization is worthy of.

Having a glimpse at the bigger picture now, one particular of the techniques we can have an understanding of these forecasts is to see how they assess to both equally past effectiveness and industry advancement estimates. It really is really crystal clear that there is an expectation that Initially Nationwide Financial’s profits expansion will slow down considerably, with revenues to the conclusion of 2023 expected to show 7.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} expansion on an annualised foundation. This is in comparison to a historical development level of 11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} about the past five years. Assess this from other firms (with analyst forecasts) in the market, which are in aggregate anticipated to see profits expansion of 12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} annually. Factoring in the forecast slowdown in development, it would seem obvious that Initially Nationwide Economic is also envisioned to mature slower than other sector contributors.

The Bottom Line

The most critical detail to just take away is that analysts lower their earnings per share estimates, anticipating a crystal clear decline in small business problems. Regrettably analysts also downgraded their profits estimates, and business info suggests that Very first Countrywide Financial’s revenues are predicted to improve slower than the wider market place. Often, 1 downgrade can set off a daisy-chain of cuts, specifically if an field is in decrease. So we would not be stunned if the sector grew to become a great deal additional cautious on 1st National Financial following right now.

However, the extended-time period prospective buyers of the enterprise are substantially much more relevant than up coming year’s earnings. We have estimates – from various 1st Nationwide Fiscal analysts – going out to 2024, and you can see them totally free on our system here.

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This article by Just Wall St is general in mother nature. We supply commentary primarily based on historical information and analyst forecasts only using an impartial methodology and our content articles are not meant to be financial advice. It does not represent a advice to invest in or market any stock, and does not just take account of your goals, or your financial predicament. We intention to carry you lengthy-expression centered evaluation driven by elementary details. Take note that our assessment might not aspect in the hottest rate-delicate corporation announcements or qualitative product. Basically Wall St has no placement in any shares outlined.