Tag: Jefferies

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Embrace ‘the mullet trade,’ Jefferies analyst says

Embrace ‘the mullet trade,’ Jefferies analyst says

The rebound for tech stocks could however be a 12 months out, 1 longtime tech analyst mentioned, and the restoration may possibly even just take the shape of an iconic hairstyle.

“We think in the mullet trade… exactly where it’s type of company in entrance, social gathering in back again,” Thill reported on Yahoo Finance Are living (online video previously mentioned), referring to the haircut that rose to recognition from the 1970s through the ’90s. “With any luck , that plays out. [That] it may perhaps conclusion up just staying a dragged-out, genuinely tough 2023 is the possibility, and it may well conclude up currently being a back half ’24 reemergence from this somewhat than sometime in early next calendar year.”

Thill added that the tech sector will most likely see more “soreness” in the to start with 50 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of 2023 in advance of reaching a “flowy, long, remarkable” rally in the back 50 percent of the year.

BRISBANE, AUSTRALIA - NOVEMBER 26: Cameron Smith of Australia shakes hands with Jason Scrivener of Australia after completing their round during Day 3 of the 2022 Australian PGA Championship at the Royal Queensland Golf Club on November 26, 2022 in Brisbane, Australia. (Photo by Andy Cheung/Getty Images)

Cameron Smith of Australia shakes palms with Jason Scrivener of Australia at the Royal Queensland Golf Club on November 26, 2022, in Brisbane, Australia. (Photo by Andy Cheung/Getty Photos)

As technological know-how corporations try to chart inventory rate recoveries, they’re also having to dust off their economic downturn playbooks as firms enact value-control steps and shoppers pull back again on spending.

Decelerating demand has also added to the storm cloud looming more than tech companies right now.

“In our protection, close to 80{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 90{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of technological innovation firms will show a deceleration in expansion in 2023,” Thill mentioned, “and tech stocks don’t get the job done in decelerating expansion.”

In the in close proximity to-time period, according to Thill, earnings multiples will keep on to decrease just before stabilizing later on. Relatedly, some portfolio strategists are hoping that the corporations populating the tech-heavy Nasdaq (^IXIC) just rip the band-assist off and cut their guidance for this 12 months.

“Ideally corporations guidebook very unpleasant because it can be in their advantage to do so for subsequent calendar year,” Paul Meeks, portfolio manager at Independent Wealth Alternatives Administration, advised Yahoo Finance Live not long ago. “And if we see inflation less than control, the last of the Fed rate hikes, the nastiest of all probable recession terrible numbers reflected with these tech companies’ forecasts, I will really feel quite excellent because, in the meantime, the valuations on some of these tech names will be correct.”

Some firms, this kind of as Amazon (AMZN) and Salesforce (CRM), have already started the calendar year by trimming operational expenditures as a result of layoffs. Semiconductor providers, meanwhile, have previously warned of lessened demand from customers — which may in the long run area them forward in the restoration curve.

“Probably semis and the internet [stocks] will be the kinds that appear back to start with,” Thill explained. “I feel software nonetheless has some lag due to the fact they have recurrent contracts, and it takes time for that to unwind just before you see the weak point.”

Brad Smith is an anchor at Yahoo Finance. Stick to him on Twitter @thebradsmith.

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Jefferies Financial Group Analysts Decrease Earnings Estimates for 3M (NYSE:MMM)

Jefferies Financial Group Analysts Decrease Earnings Estimates for 3M (NYSE:MMM)

3M (NYSE:MMM – Get Rating) – Stock analysts at Jefferies Financial Group cut their FY2023 earnings per share estimates for shares of 3M in a research report issued to clients and investors on Tuesday, December 20th. Jefferies Financial Group analyst L. Alexander now expects that the conglomerate will post earnings of $9.40 per share for the year, down from their previous estimate of $9.80. The consensus estimate for 3M’s current full-year earnings is $10.22 per share. Jefferies Financial Group also issued estimates for 3M’s FY2024 earnings at $9.00 EPS and FY2025 earnings at $9.75 EPS.

3M (NYSE:MMM – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The conglomerate reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.08. 3M had a return on equity of 40.03{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 18.91{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.70 billion. During the same quarter in the previous year, the company posted $2.45 EPS. The business’s revenue for the quarter was down 3.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year.

MMM has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on 3M from $126.00 to $127.00 in a research report on Wednesday, October 26th. Wells Fargo & Company lowered their target price on 3M from $125.00 to $122.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 26th. Credit Suisse Group lowered their target price on 3M to $127.00 in a research note on Thursday, October 27th. UBS Group raised 3M from a “sell” rating to a “neutral” rating and lifted their target price for the company from $118.00 to $126.00 in a research note on Friday, September 9th. Finally, StockNews.com began coverage on 3M in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $133.57.

3M Trading Up 2.2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Shares of MMM opened at $123.46 on Thursday. The stock has a fifty day moving average price of $124.05 and a two-hundred day moving average price of $127.98. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.97 and a current ratio of 1.56. 3M has a 52-week low of $107.07 and a 52-week high of $181.78. The company has a market cap of $68.24 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.24 and a beta of 1.01.

Institutional Trading of 3M

Institutional investors have recently modified their holdings of the company. Better Money Decisions LLC bought a new position in shares of 3M during the 2nd quarter worth approximately $34,000. Heritage Wealth Management LLC bought a new position in 3M in the second quarter valued at $41,000. Prentice Wealth Management LLC acquired a new stake in 3M in the 2nd quarter valued at $45,000. Alaska Permanent Fund Corp lifted its position in 3M by 9,440.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Alaska Permanent Fund Corp now owns 477 shares of the conglomerate’s stock worth $53,000 after buying an additional 472 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of 3M by 55.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. JFS Wealth Advisors LLC now owns 490 shares of the conglomerate’s stock worth $54,000 after buying an additional 174 shares during the last quarter. 65.61{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 3M news, EVP Kevin H. Rhodes sold 5,703 shares of 3M stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $126.40, for a total transaction of $720,859.20. Following the transaction, the executive vice president now directly owns 2,033 shares in the company, valued at $256,971.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other 3M news, EVP Kevin H. Rhodes sold 5,703 shares of 3M stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $126.40, for a total transaction of $720,859.20. Following the transaction, the executive vice president now directly owns 2,033 shares in the company, valued at $256,971.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Rodriguez Beatriz Karin Chavez sold 1,071 shares of 3M stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $126.28, for a total value of $135,245.88. Following the transaction, the senior vice president now owns 3,313 shares in the company, valued at $418,365.64. The disclosure for this sale can be found here. Corporate insiders own 0.34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

3M Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Friday, November 18th were issued a dividend of $1.49 per share. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $5.96 annualized dividend and a yield of 4.83{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. 3M’s dividend payout ratio is presently 51.92{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

3M Company Profile

(Get Rating)

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.

See Also

Earnings History and Estimates for 3M (NYSE:MMM)

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 3M, 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 3M wasn’t on the list.

While 3M 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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Wendy’s (NASDAQ:WEN) Coverage Initiated by Analysts at Jefferies Financial Group

Wendy’s (NASDAQ:WEN) Coverage Initiated by Analysts at Jefferies Financial Group

Analysts at Jefferies Monetary Team initiated protection on shares of Wendy’s (NASDAQ:WEN – Get Rating) in a study report issued on Thursday, The Fly stories. The company set a “keep” score on the restaurant operator’s stock.

A number of other equities analysts also not too long ago commented on the firm. Guggenheim established a $24.00 cost target on Wendy’s in a report on Thursday, November 17th. StockNews.com started off coverage on shares of Wendy’s in a exploration note on Wednesday, October 12th. They issued a “maintain” ranking on the inventory. Morgan Stanley lowered their selling price goal on shares of Wendy’s from $24.00 to $23.00 and set an “equal fat” score on the stock in a research notice on Tuesday, Oct 11th. Stephens started out protection on shares of Wendy’s in a investigate note on Thursday, September 22nd. They issued an “over weight” rating and a $25.00 value aim on the inventory. Finally, TheStreet upgraded shares of Wendy’s from a “c+” ranking to a “b-” score in a investigate observe on Wednesday, November 23rd. 1 study analyst has rated the inventory with a sell score, 6 have issued a hold score and 6 have issued a acquire rating to the firm’s inventory. Based mostly on data from MarketBeat.com, Wendy’s has an normal ranking of “Maintain” and a consensus selling price focus on of $24.07.

Wendy’s Investing Up .3 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Shares of WEN stock opened at $23.48 on Thursday. Wendy’s has a 12 month lower of $15.77 and a 12 month large of $24.48. The organization has a swift ratio of 2.60, a latest ratio of 2.62 and a financial debt-to-equity ratio of 7.76. The business’s 50 working day relocating average is $21.15 and its two-hundred working day shifting normal is $20.17. The organization has a market place cap of $5.00 billion, a PE ratio of 26.99, a rate-to-earnings-advancement ratio of 2.14 and a beta of .92.

Institutional Inflows and Outflows

A selection of institutional traders and hedge funds have recently included to or lowered their stakes in the corporation. CoreCap Advisors LLC acquired a new placement in Wendy’s in the second quarter valued at about $37,000. Wipfli Economical Advisors LLC acquired a new stake in Wendy’s in the 3rd quarter valued at around $38,000. Quantbot Technologies LP acquired a new stake in Wendy’s in the 2nd quarter valued at somewhere around $41,000. Northwestern Mutual Wealth Administration Co. grew its stake in Wendy’s by 59.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Northwestern Mutual Wealth Administration Co. now owns 2,247 shares of the restaurant operator’s stock valued at $42,000 immediately after getting an supplemental 836 shares in the course of the period. Eventually, Neo Ivy Funds Management procured a new situation in shares of Wendy’s all through the 2nd quarter valued at around $77,000. 70.88{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors and hedge resources.

Wendy’s Corporation Profile

(Get Ranking)

The Wendy’s Firm, with each other with its subsidiaries, operates as a speedy-company restaurant business. It operates as a result of a few segments: Wendy’s U.S., Wendy’s International, and World wide Real Estate & Development. The organization is concerned in running, creating, and franchising a system of swift-assistance restaurants specializing in hamburger sandwiches.

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Analyst Recommendations for Wendy's (NASDAQ:WEN)

This instant information alert was generated by narrative science technologies and money details from MarketBeat in purchase to offer visitors with the fastest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce prior to publication. Make sure you send out any queries or responses about this story to get hold of@marketbeat.com.

In advance of you contemplate Wendy’s, you are going to want to hear this.

MarketBeat retains track of Wall Street’s prime-rated and finest accomplishing investigation analysts and the stocks they advise to their clientele on a day by day basis. MarketBeat has recognized the five shares that top analysts are quietly whispering to their clients to invest in now before the broader market place catches on… and Wendy’s was not on the record.

Even though Wendy’s at present has a “Hold” ranking among the analysts, top rated-rated analysts believe these 5 stocks are far better purchases.

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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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NetApp (NASDAQ:NTAP) Now Covered by Analysts at Jefferies Financial Group

NetApp (NASDAQ:NTAP) Now Covered by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group started coverage on shares of NetApp (NASDAQ:NTAP – Get Rating) in a note issued to investors on Monday, Benzinga reports. The brokerage set a “buy” rating and a $88.00 price target on the data storage provider’s stock. Jefferies Financial Group’s target price suggests a potential upside of 26.80{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. The Goldman Sachs Group raised their target price on NetApp from $60.00 to $68.00 and gave the company a “sell” rating in a research report on Thursday, August 25th. JPMorgan Chase & Co. boosted their price objective on NetApp from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 29th. OTR Global raised NetApp to a “positive” rating in a research note on Tuesday, July 26th. Raymond James lifted their price target on shares of NetApp from $94.00 to $105.00 in a research note on Thursday, August 25th. Finally, Credit Suisse Group assumed coverage on shares of NetApp in a research report on Tuesday, August 16th. They set an “outperform” rating and a $87.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, NetApp currently has a consensus rating of “Hold” and an average price target of $86.50.

NetApp Trading Up 2.9 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Shares of NASDAQ:NTAP opened at $69.40 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.31 and a debt-to-equity ratio of 3.63. NetApp has a 12-month low of $60.56 and a 12-month high of $96.82. The business has a 50 day moving average of $67.69 and a two-hundred day moving average of $69.31. The company has a market capitalization of $15.09 billion, a PE ratio of 16.60, a PEG ratio of 1.77 and a beta of 1.21.

NetApp (NASDAQ:NTAP – Get Rating) last posted its earnings results on Wednesday, August 24th. The data storage provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.11. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. NetApp had a net margin of 14.71{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 128.71{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s quarterly revenue was up 9.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. As a group, analysts forecast that NetApp will post 4.45 EPS for the current year.

Insiders Place Their Bets

In other NetApp news, President Cesar Cernuda sold 18,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $69.82, for a total value of $1,256,760.00. Following the completion of the sale, the president now directly owns 78,463 shares of the company’s stock, valued at approximately $5,478,286.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NetApp

Several hedge funds and other institutional investors have recently bought and sold shares of NTAP. Cyrus J. Lawrence LLC purchased a new stake in shares of NetApp in the 1st quarter valued at approximately $28,000. First Horizon Advisors Inc. lifted its holdings in NetApp by 237.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. First Horizon Advisors Inc. now owns 482 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 339 shares during the last quarter. Ronald Blue Trust Inc. grew its position in NetApp by 183.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Ronald Blue Trust Inc. now owns 550 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 356 shares during the period. Gradient Investments LLC increased its stake in NetApp by 57.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Gradient Investments LLC now owns 629 shares of the data storage provider’s stock worth $39,000 after acquiring an additional 229 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in NetApp by 43.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. CENTRAL TRUST Co now owns 552 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 166 shares during the period. 88.45{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors and hedge funds.

About NetApp

(Get Rating)

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire.

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Analyst Recommendations for NetApp (NASDAQ:NTAP)

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.

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

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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27 U.S. Towns The place Stocks Generate 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} a Year

What’s the highest-yielding stock you’ve at any time owned? The dividends for these shares have risen so fast in excess of the several years that they’re now yielding us an regular of 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}!
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.

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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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