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Tag: Earnings estimates

  • Q1 EPS Estimates for Otis Worldwide Raised by Zacks Research

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    Otis Worldwide Corporation (NYSE:OTIS – Free Report) – Research analysts at Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for Otis Worldwide in a report issued on Wednesday, November 19th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.98 per share for the quarter, up from their prior estimate of $0.96. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.04 per share.

    OTIS has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on shares of Otis Worldwide from $105.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada reduced their price target on Otis Worldwide from $108.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Wells Fargo & Company raised their price objective on Otis Worldwide from $93.00 to $95.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Wolfe Research set a $109.00 target price on Otis Worldwide and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Otis Worldwide in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Otis Worldwide currently has a consensus rating of “Hold” and a consensus price target of $103.71.

    Read Our Latest Stock Report on OTIS

    Otis Worldwide Stock Performance

    OTIS stock opened at $88.02 on Friday. Otis Worldwide has a one year low of $84.25 and a one year high of $106.83. The firm’s fifty day moving average is $90.48 and its 200 day moving average is $92.36. The firm has a market cap of $34.30 billion, a PE ratio of 25.96, a P/E/G ratio of 3.31 and a beta of 1.00.

    Otis Worldwide (NYSE:OTIS – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. Otis Worldwide had a net margin of 9.41% and a negative return on equity of 30.67%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the company earned $0.96 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.

    Hedge Funds Weigh In On Otis Worldwide

    Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Otis Worldwide by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,587,153 shares of the company’s stock worth $4,811,100,000 after purchasing an additional 1,991,860 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Otis Worldwide by 6.7% in the first quarter. JPMorgan Chase & Co. now owns 37,920,025 shares of the company’s stock valued at $3,913,347,000 after purchasing an additional 2,396,134 shares during the last quarter. Alliancebernstein L.P. lifted its position in Otis Worldwide by 3.2% during the second quarter. Alliancebernstein L.P. now owns 19,378,760 shares of the company’s stock worth $1,918,885,000 after buying an additional 603,860 shares in the last quarter. Geode Capital Management LLC boosted its stake in Otis Worldwide by 1.2% during the second quarter. Geode Capital Management LLC now owns 10,673,127 shares of the company’s stock worth $1,057,594,000 after buying an additional 129,458 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Otis Worldwide by 4.5% during the third quarter. Franklin Resources Inc. now owns 7,419,634 shares of the company’s stock worth $678,377,000 after buying an additional 322,255 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

    Insider Transactions at Otis Worldwide

    In other news, CAO Michael Patrick Ryan sold 3,028 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $91.69, for a total transaction of $277,637.32. Following the completion of the sale, the chief accounting officer owned 2,628 shares of the company’s stock, valued at $240,961.32. This represents a 53.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

    Otis Worldwide Announces Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $0.42 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.9%. Otis Worldwide’s dividend payout ratio (DPR) is presently 49.56%.

    Otis Worldwide Company Profile

    (Get Free Report)

    Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects.

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    Earnings History and Estimates for Otis Worldwide (NYSE:OTIS)



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  • Zacks Research Weighs in on Cirrus Logic Q2 Earnings

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    Cirrus Logic, Inc. (NASDAQ:CRUS – Free Report) – Equities researchers at Zacks Research issued their Q2 2026 EPS estimates for shares of Cirrus Logic in a research report issued to clients and investors on Tuesday, October 21st. Zacks Research analyst Team anticipates that the semiconductor company will post earnings of $2.10 per share for the quarter. The consensus estimate for Cirrus Logic’s current full-year earnings is $5.63 per share. Zacks Research also issued estimates for Cirrus Logic’s Q3 2026 earnings at $1.93 EPS, FY2026 earnings at $5.99 EPS, Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $2.14 EPS, Q4 2027 earnings at $1.21 EPS, FY2027 earnings at $6.01 EPS and Q2 2028 earnings at $2.14 EPS.

    Several other analysts also recently commented on CRUS. Stifel Nicolaus upped their price objective on shares of Cirrus Logic from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, October 17th. Susquehanna upped their price objective on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a research report on Friday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

    View Our Latest Stock Analysis on CRUS

    Cirrus Logic Trading Down 0.7%

    NASDAQ:CRUS opened at $130.60 on Thursday. The company has a market cap of $6.70 billion, a PE ratio of 20.44 and a beta of 1.09. Cirrus Logic has a twelve month low of $75.83 and a twelve month high of $132.90. The company’s 50 day moving average is $120.88 and its two-hundred day moving average is $107.70.

    Cirrus Logic (NASDAQ:CRUS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. During the same quarter in the previous year, the business posted $1.12 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS.

    Institutional Investors Weigh In On Cirrus Logic

    Hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its position in Cirrus Logic by 1,660.0% during the second quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 249 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in Cirrus Logic during the second quarter worth about $30,000. Ameritas Advisory Services LLC acquired a new stake in Cirrus Logic during the second quarter worth about $31,000. Banque Cantonale Vaudoise acquired a new stake in Cirrus Logic during the first quarter worth about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cirrus Logic during the second quarter worth about $39,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

    Insider Activity

    In related news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $1,099,440.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,680,120. This trade represents a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $116.87, for a total transaction of $257,347.74. Following the sale, the executive vice president owned 5,698 shares of the company’s stock, valued at approximately $665,925.26. The trade was a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,187 shares of company stock worth $3,918,128 over the last three months. Insiders own 1.16% of the company’s stock.

    Cirrus Logic Company Profile

    (Get Free Report)

    Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.

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    Earnings History and Estimates for Cirrus Logic (NASDAQ:CRUS)



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  • Roth Capital Lowers Earnings Estimates for Coterra Energy

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    Coterra Energy Inc. (NYSE:CTRA – Free Report) – Stock analysts at Roth Capital dropped their Q1 2026 EPS estimates for Coterra Energy in a note issued to investors on Tuesday, October 14th. Roth Capital analyst L. Mariani now forecasts that the company will post earnings per share of $0.46 for the quarter, down from their previous estimate of $0.75. Roth Capital has a “Buy” rating and a $26.00 price target on the stock. The consensus estimate for Coterra Energy’s current full-year earnings is $1.54 per share. Roth Capital also issued estimates for Coterra Energy’s Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.38 EPS, Q4 2026 earnings at $0.54 EPS and FY2026 earnings at $1.65 EPS.

    CTRA has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of Coterra Energy from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Scotiabank cut their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 9th. Piper Sandler boosted their price target on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. UBS Group cut their price target on shares of Coterra Energy from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Mizuho cut their price target on shares of Coterra Energy from $36.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.50.

    View Our Latest Analysis on CTRA

    Coterra Energy Price Performance

    Shares of NYSE CTRA opened at $22.82 on Thursday. The firm has a market cap of $17.41 billion, a PE ratio of 10.92, a PEG ratio of 0.34 and a beta of 0.29. The firm has a fifty day moving average of $23.80 and a 200 day moving average of $24.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13. Coterra Energy has a one year low of $22.33 and a one year high of $29.95.

    Coterra Energy (NYSE:CTRA – Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.Coterra Energy’s revenue was up 54.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS.

    Institutional Inflows and Outflows

    Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its position in shares of Coterra Energy by 175.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock valued at $25,000 after acquiring an additional 555 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in shares of Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 737 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Coterra Energy during the 1st quarter valued at about $29,000. Bogart Wealth LLC acquired a new position in shares of Coterra Energy during the 2nd quarter valued at about $26,000. Finally, REAP Financial Group LLC boosted its position in shares of Coterra Energy by 190.1% during the 2nd quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after acquiring an additional 726 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

    Coterra Energy Dividend Announcement

    The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.9%. Coterra Energy’s dividend payout ratio is presently 42.11%.

    Coterra Energy Company Profile

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    Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.

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    Earnings History and Estimates for Coterra Energy (NYSE:CTRA)



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  • Equities Analysts Offer Predictions for TSE:DPM Q3 Earnings

    Equities Analysts Offer Predictions for TSE:DPM Q3 Earnings

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    Dundee Precious Metals Inc. (TSE:DPM – Free Report) – National Bank Financial decreased their Q3 2024 EPS estimates for shares of Dundee Precious Metals in a report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings of $0.39 per share for the quarter, down from their prior estimate of $0.50. The consensus estimate for Dundee Precious Metals’ current full-year earnings is $1.90 per share. National Bank Financial also issued estimates for Dundee Precious Metals’ FY2025 earnings at $2.26 EPS.

    Dundee Precious Metals (TSE:DPM – Get Free Report) last posted its earnings results on Thursday, August 1st. The mining company reported C$0.53 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.10. Dundee Precious Metals had a return on equity of 17.52% and a net margin of 35.57%. The firm had revenue of C$214.59 million for the quarter.

    DPM has been the subject of several other reports. Jefferies Financial Group increased their price target on shares of Dundee Precious Metals from C$16.00 to C$18.00 in a research note on Friday, October 4th. Canaccord Genuity Group boosted their price target on Dundee Precious Metals from C$13.50 to C$16.00 in a research report on Tuesday, July 23rd. Royal Bank of Canada raised their price objective on Dundee Precious Metals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank boosted their target price on Dundee Precious Metals from C$15.00 to C$16.50 in a report on Monday, August 19th. Finally, BMO Capital Markets raised their price target on Dundee Precious Metals from C$15.50 to C$18.50 in a report on Monday, October 21st.

    Check Out Our Latest Research Report on Dundee Precious Metals

    Dundee Precious Metals Price Performance

    DPM opened at C$13.89 on Friday. The company has a current ratio of 7.09, a quick ratio of 6.61 and a debt-to-equity ratio of 1.31. The company has a market cap of C$2.50 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20. The stock has a fifty day simple moving average of C$13.54 and a two-hundred day simple moving average of C$12.04. Dundee Precious Metals has a 12-month low of C$7.79 and a 12-month high of C$14.81.

    Dundee Precious Metals Dividend Announcement

    The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.22 annualized dividend and a yield of 1.58%. Dundee Precious Metals’s dividend payout ratio is 14.47%.

    Insiders Place Their Bets

    In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$13.86, for a total transaction of C$101,635.38. In other news, Senior Officer Kelly Elizabeth Stark-Anderson sold 7,333 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$13.86, for a total transaction of C$101,635.38. Also, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$12.80, for a total transaction of C$86,400.00. Corporate insiders own 0.16% of the company’s stock.

    Dundee Precious Metals Company Profile

    (Get Free Report)

    Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.

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    Earnings History and Estimates for Dundee Precious Metals (TSE:DPM)



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  • Western Copper & Gold Corp Expected to Post FY2024 Earnings of ($0.04) Per Share (NYSE:WRN)

    Western Copper & Gold Corp Expected to Post FY2024 Earnings of ($0.04) Per Share (NYSE:WRN)

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    Western Copper & Gold Corp (NYSE:WRN – Free Report) – Analysts at National Bank Financial issued their FY2024 earnings per share estimates for shares of Western Copper & Gold in a research report issued on Monday, September 30th. National Bank Financial analyst R. Nizami expects that the company will earn ($0.04) per share for the year. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Western Copper & Gold’s current full-year earnings is ($0.02) per share. National Bank Financial also issued estimates for Western Copper & Gold’s FY2025 earnings at ($0.02) EPS, FY2026 earnings at ($0.02) EPS and FY2027 earnings at ($0.02) EPS.

    Western Copper & Gold (NYSE:WRN – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter.

    A number of other brokerages also recently commented on WRN. HC Wainwright reiterated a “buy” rating and set a $4.25 target price on shares of Western Copper & Gold in a research note on Tuesday, September 17th. StockNews.com raised Western Copper & Gold to a “sell” rating in a report on Wednesday, September 11th.

    Read Our Latest Research Report on Western Copper & Gold

    Western Copper & Gold Stock Performance

    Shares of NYSE:WRN opened at $1.22 on Thursday. Western Copper & Gold has a 52 week low of $0.95 and a 52 week high of $1.66. The firm has a 50 day moving average price of $1.15. The stock has a market cap of $240.81 million, a P/E ratio of -40.50 and a beta of 1.84.

    Institutional Trading of Western Copper & Gold

    An institutional investor recently bought a new position in Western Copper & Gold stock. Rathbones Group PLC purchased a new stake in Western Copper & Gold Corp (NYSE:WRN – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,450 shares of the company’s stock, valued at approximately $31,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

    Western Copper & Gold Company Profile

    (Get Free Report)

    Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.

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  • Ameresco, Inc. (NYSE:AMRC) Expected to Earn FY2025 Earnings of $1.65 Per Share

    Ameresco, Inc. (NYSE:AMRC) Expected to Earn FY2025 Earnings of $1.65 Per Share

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    Ameresco, Inc. (NYSE:AMRC – Free Report) – Equities research analysts at Roth Capital issued their FY2025 earnings estimates for shares of Ameresco in a report issued on Tuesday, August 6th. Roth Capital analyst C. Irwin anticipates that the utilities provider will post earnings per share of $1.65 for the year. The consensus estimate for Ameresco’s current full-year earnings is $1.36 per share.

    Ameresco (NYSE:AMRC – Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The company had revenue of $437.98 million for the quarter, compared to analysts’ expectations of $373.75 million. Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The business’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS.

    Other equities analysts have also recently issued research reports about the stock. Robert W. Baird increased their price objective on shares of Ameresco from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. UBS Group raised their price target on shares of Ameresco from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Piper Sandler decreased their price target on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday. B. Riley upgraded shares of Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.00.

    View Our Latest Research Report on Ameresco

    Ameresco Stock Performance

    NYSE:AMRC opened at $28.76 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market capitalization of $1.51 billion, a P/E ratio of 26.15, a PEG ratio of 0.86 and a beta of 1.78. The company has a 50 day moving average price of $31.57 and a 200 day moving average price of $25.92. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $52.01.

    Institutional Inflows and Outflows

    Institutional investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new stake in shares of Ameresco in the fourth quarter valued at about $62,000. nVerses Capital LLC purchased a new stake in shares of Ameresco in the second quarter valued at about $75,000. GAMMA Investing LLC boosted its holdings in shares of Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 2,880 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in shares of Ameresco in the fourth quarter valued at about $106,000. Finally, SG Americas Securities LLC purchased a new stake in Ameresco during the second quarter worth about $156,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

    Insider Buying and Selling at Ameresco

    In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of Ameresco stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total value of $105,000.00. Following the transaction, the chief accounting officer now directly owns 348 shares in the company, valued at $12,180. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 42.00% of the stock is currently owned by company insiders.

    Ameresco Company Profile

    (Get Free Report)

    Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.

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    Earnings History and Estimates for Ameresco (NYSE:AMRC)

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  • Zacks Research Weighs in on The Chemours Company’s Q3 2024 Earnings (NYSE:CC)

    Zacks Research Weighs in on The Chemours Company’s Q3 2024 Earnings (NYSE:CC)

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    The Chemours Company (NYSE:CC – Free Report) – Stock analysts at Zacks Research lowered their Q3 2024 earnings estimates for Chemours in a research report issued on Tuesday, April 9th. Zacks Research analyst M. Agrawal now forecasts that the specialty chemicals company will post earnings per share of $0.65 for the quarter, down from their previous forecast of $0.83. The consensus estimate for Chemours’ current full-year earnings is $2.55 per share. Zacks Research also issued estimates for Chemours’ Q4 2024 earnings at $0.40 EPS, Q3 2025 earnings at $0.81 EPS and FY2026 earnings at $3.58 EPS.

    Several other research firms have also commented on CC. UBS Group raised their price objective on shares of Chemours from $21.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. BMO Capital Markets upgraded shares of Chemours from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $19.00 to $34.00 in a research note on Tuesday. Finally, Barclays cut their price objective on shares of Chemours from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 2nd. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.89.

    Read Our Latest Report on Chemours

    Chemours Trading Down 2.3 %

    NYSE CC opened at $27.50 on Wednesday. The firm has a 50 day simple moving average of $27.43 and a 200-day simple moving average of $27.87. The company has a debt-to-equity ratio of 5.40, a quick ratio of 1.00 and a current ratio of 1.54. Chemours has a one year low of $15.10 and a one year high of $39.05. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -17.74 and a beta of 2.00.

    Chemours Dividend Announcement

    The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Friday, February 23rd. Chemours’s dividend payout ratio is presently -64.52%.

    Hedge Funds Weigh In On Chemours

    Institutional investors and hedge funds have recently bought and sold shares of the stock. Alaska Permanent Fund Corp lifted its stake in Chemours by 14.0% during the first quarter. Alaska Permanent Fund Corp now owns 84,918 shares of the specialty chemicals company’s stock worth $2,230,000 after purchasing an additional 10,420 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Chemours in the fourth quarter valued at $255,000. Ables Iannone Moore & Associates Inc. bought a new stake in Chemours in the fourth quarter valued at $99,000. Neo Ivy Capital Management bought a new stake in Chemours in the fourth quarter valued at $40,000. Finally, Quarry LP lifted its stake in Chemours by 106.8% in the fourth quarter. Quarry LP now owns 1,700 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 26,700 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

    About Chemours

    (Get Free Report)

    The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure brand for delivering whiteness, brightness, opacity, durability, efficiency, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.

    Further Reading

    Earnings History and Estimates for Chemours (NYSE:CC)

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  • Q1 2024 EPS Estimates for Tenaya Therapeutics, Inc. Boosted by Analyst (NASDAQ:TNYA)

    Q1 2024 EPS Estimates for Tenaya Therapeutics, Inc. Boosted by Analyst (NASDAQ:TNYA)

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    Tenaya Therapeutics, Inc. (NASDAQ:TNYA – Free Report) – Investment analysts at Leerink Partnrs lifted their Q1 2024 earnings per share estimates for shares of Tenaya Therapeutics in a research report issued on Thursday, February 8th. Leerink Partnrs analyst M. Foroohar now expects that the company will earn ($0.47) per share for the quarter, up from their previous estimate of ($0.53). Leerink Partnrs has a “Outperform” rating on the stock. The consensus estimate for Tenaya Therapeutics’ current full-year earnings is ($1.69) per share. Leerink Partnrs also issued estimates for Tenaya Therapeutics’ Q3 2024 earnings at ($0.47) EPS, FY2024 earnings at ($1.99) EPS and FY2025 earnings at ($1.99) EPS.

    Separately, SVB Leerink initiated coverage on shares of Tenaya Therapeutics in a research note on Thursday, November 30th. They issued an “outperform” rating and a $7.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $15.80.

    Check Out Our Latest Stock Analysis on TNYA

    Tenaya Therapeutics Price Performance

    Shares of NASDAQ TNYA opened at $5.68 on Monday. Tenaya Therapeutics has a 1 year low of $1.66 and a 1 year high of $8.09. The company has a market capitalization of $386.86 million, a price-to-earnings ratio of -3.02 and a beta of 2.50. The business has a 50-day moving average of $3.30 and a two-hundred day moving average of $3.05.

    Hedge Funds Weigh In On Tenaya Therapeutics

    A number of institutional investors have recently modified their holdings of TNYA. Bailard Inc. acquired a new stake in Tenaya Therapeutics during the 4th quarter worth $107,000. Cornercap Investment Counsel Inc. boosted its stake in shares of Tenaya Therapeutics by 136.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 81,255 shares of the company’s stock worth $263,000 after buying an additional 46,847 shares during the period. Redwood Wealth Management Group LLC grew its holdings in shares of Tenaya Therapeutics by 38.0% during the fourth quarter. Redwood Wealth Management Group LLC now owns 16,350 shares of the company’s stock worth $53,000 after buying an additional 4,500 shares during the last quarter. SG Americas Securities LLC increased its position in Tenaya Therapeutics by 20.0% in the 4th quarter. SG Americas Securities LLC now owns 25,337 shares of the company’s stock valued at $82,000 after acquiring an additional 4,224 shares during the period. Finally, Vanguard Group Inc. raised its stake in Tenaya Therapeutics by 8.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,167,868 shares of the company’s stock valued at $5,528,000 after acquiring an additional 168,489 shares during the last quarter. 70.22% of the stock is owned by institutional investors and hedge funds.

    About Tenaya Therapeutics

    (Get Free Report)

    Tenaya Therapeutics, Inc, a biotechnology company, discovers, develops, and delivers therapies for heart disease in the United States. It develops its products through cellular regeneration, gene therapy, and precision medicine platforms. The company is developing TN-201, a gene therapy for myosin binding protein C3-associated hypertrophic cardiomyopathy; TN-301, a small molecule for heart failure with preserved ejection fraction; and TN-401, a gene therapy for plakophilin 2-associated arrhythmogenic right ventricular cardiomyopathy.

    Read More

    Earnings History and Estimates for Tenaya Therapeutics (NASDAQ:TNYA)

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  • Analysts Issue Forecasts for East West Bancorp, Inc.’s Q1 2024 Earnings (NASDAQ:EWBC)

    Analysts Issue Forecasts for East West Bancorp, Inc.’s Q1 2024 Earnings (NASDAQ:EWBC)

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    East West Bancorp, Inc. (NASDAQ:EWBC – Free Report) – Zacks Research decreased their Q1 2024 EPS estimates for shares of East West Bancorp in a report issued on Wednesday, December 6th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $1.95 per share for the quarter, down from their previous forecast of $1.95. The consensus estimate for East West Bancorp’s current full-year earnings is $8.45 per share. Zacks Research also issued estimates for East West Bancorp’s Q2 2024 earnings at $1.88 EPS, Q4 2024 earnings at $1.92 EPS, Q1 2025 earnings at $1.95 EPS and Q2 2025 earnings at $2.05 EPS.

    East West Bancorp (NASDAQ:EWBC – Get Free Report) last announced its earnings results on Thursday, October 19th. The financial services provider reported $2.02 earnings per share for the quarter, hitting the consensus estimate of $2.02. East West Bancorp had a net margin of 33.62% and a return on equity of 19.98%. The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $643.22 million. During the same quarter last year, the firm posted $2.08 earnings per share. East West Bancorp’s revenue was up 3.3% compared to the same quarter last year.

    Other equities analysts have also recently issued reports about the stock. Wedbush raised shares of East West Bancorp from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $57.00 to $69.00 in a research note on Friday, November 3rd. Morgan Stanley raised shares of East West Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $76.00 in a research note on Monday, December 4th. Janney Montgomery Scott assumed coverage on shares of East West Bancorp in a research note on Tuesday, October 3rd. They set a “buy” rating and a $68.00 price target on the stock. Citigroup assumed coverage on shares of East West Bancorp in a research note on Friday, December 1st. They set a “buy” rating and a $75.00 price target on the stock. Finally, Jefferies Financial Group lowered their price target on shares of East West Bancorp from $68.00 to $58.00 in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, East West Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $71.64.

    Read Our Latest Report on EWBC

    East West Bancorp Stock Performance

    Shares of East West Bancorp stock opened at $68.62 on Monday. The firm’s fifty day simple moving average is $57.13 and its 200-day simple moving average is $55.68. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 0.80 and a beta of 1.44. East West Bancorp has a 12 month low of $33.86 and a 12 month high of $80.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.91 and a quick ratio of 0.91.

    East West Bancorp Dividend Announcement

    The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.80%. The ex-dividend date was Tuesday, October 31st. East West Bancorp’s dividend payout ratio (DPR) is 21.67%.

    Insider Transactions at East West Bancorp

    In other news, Vice Chairman Douglas Paul Krause sold 12,000 shares of East West Bancorp stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $63.29, for a total value of $759,480.00. Following the transaction, the insider now owns 55,353 shares in the company, valued at $3,503,291.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other East West Bancorp news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $63.29, for a total transaction of $759,480.00. Following the completion of the sale, the insider now directly owns 55,353 shares in the company, valued at approximately $3,503,291.37. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Molly Campbell sold 4,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $62.16, for a total value of $279,720.00. Following the completion of the sale, the director now owns 11,946 shares of the company’s stock, valued at $742,563.36. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

    Institutional Inflows and Outflows

    Several institutional investors have recently made changes to their positions in EWBC. First Horizon Advisors Inc. lifted its holdings in East West Bancorp by 65.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 535 shares of the financial services provider’s stock worth $28,000 after buying an additional 211 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of East West Bancorp during the fourth quarter worth about $53,000. Harbor Capital Advisors Inc. purchased a new stake in East West Bancorp in the second quarter valued at approximately $43,000. Archer Investment Corp purchased a new stake in East West Bancorp during the first quarter worth approximately $64,000. Finally, Tobam acquired a new position in shares of East West Bancorp during the second quarter worth $56,000. Hedge funds and other institutional investors own 87.11% of the company’s stock.

    East West Bancorp Company Profile

    (Get Free Report)

    East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. It accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits.

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    Earnings History and Estimates for East West Bancorp (NASDAQ:EWBC)

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  • Desjardins Analysts Increase Earnings Estimates for Dream Residential Real Estate Investment Trust (TSE:DRR)

    Desjardins Analysts Increase Earnings Estimates for Dream Residential Real Estate Investment Trust (TSE:DRR)

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    Dream Residential Real Estate Investment Trust (TSE:DRR – Free Report) – Desjardins upped their Q4 2023 earnings per share estimates for shares of Dream Residential Real Estate Investment Trust in a report released on Monday, November 13th. Desjardins analyst K. Stanley now expects that the company will post earnings per share of $0.25 for the quarter, up from their previous estimate of $0.24. Desjardins also issued estimates for Dream Residential Real Estate Investment Trust’s FY2025 earnings at $1.10 EPS.

    Dream Residential Real Estate Investment Trust (TSE:DRR – Get Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.38). The firm had revenue of C$16.06 million for the quarter.

    Dream Residential Real Estate Investment Trust Stock Performance

    Dream Residential Real Estate Investment Trust Announces Dividend

    The company also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a $0.035 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of ∞.

    See Also

    Earnings History and Estimates for Dream Residential Real Estate Investment Trust (TSE:DRR)

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  • Equities Analysts Offer Predictions for Oracle Co.’s Q1 2025 Earnings (NYSE:ORCL)

    Equities Analysts Offer Predictions for Oracle Co.’s Q1 2025 Earnings (NYSE:ORCL)

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    Oracle Co. (NYSE:ORCL – Free Report) – Equities research analysts at William Blair issued their Q1 2025 earnings per share (EPS) estimates for shares of Oracle in a research report issued on Tuesday, September 12th. William Blair analyst S. Naji forecasts that the enterprise software provider will post earnings of $1.08 per share for the quarter. The consensus estimate for Oracle’s current full-year earnings is $4.50 per share. William Blair also issued estimates for Oracle’s Q2 2025 earnings at $1.18 EPS and Q3 2025 earnings at $1.23 EPS.

    Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a negative return on equity of 470.73% and a net margin of 17.02%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS.

    Several other brokerages have also weighed in on ORCL. Guggenheim lifted their price target on Oracle from $120.00 to $150.00 in a research note on Tuesday, June 13th. Bank of America lifted their price target on Oracle from $112.00 to $132.00 in a research note on Tuesday, June 13th. Mizuho lifted their price target on Oracle from $116.00 to $150.00 in a research note on Tuesday, June 13th. Monness Crespi & Hardt lowered Oracle from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley boosted their price objective on Oracle from $105.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.22.

    Get Our Latest Analysis on Oracle

    Oracle Price Performance

    Shares of Oracle stock opened at $113.66 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 55.54. Oracle has a twelve month low of $60.78 and a twelve month high of $127.54. The business has a 50-day moving average price of $117.33 and a 200 day moving average price of $105.89. The firm has a market cap of $308.50 billion, a PE ratio of 37.14, a P/E/G ratio of 3.48 and a beta of 1.00.

    Oracle Dividend Announcement

    The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Wednesday, October 11th. Oracle’s dividend payout ratio is presently 52.29%.

    Insider Activity at Oracle

    In related news, insider Edward Screven sold 354,837 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total value of $43,783,337.43. Following the transaction, the insider now directly owns 2,543,033 shares in the company, valued at $313,784,841.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.10, for a total transaction of $215,425,000.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $141,039,652,654.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edward Screven sold 354,837 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total value of $43,783,337.43. Following the transaction, the insider now directly owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,949,837 shares of company stock worth $482,142,887. Insiders own 43.70% of the company’s stock.

    Hedge Funds Weigh In On Oracle

    Hedge funds have recently bought and sold shares of the company. Horizon Wealth Management LLC lifted its holdings in shares of Oracle by 2.3% in the 2nd quarter. Horizon Wealth Management LLC now owns 3,922 shares of the enterprise software provider’s stock valued at $467,000 after buying an additional 87 shares during the period. Drive Wealth Management LLC lifted its holdings in shares of Oracle by 1.5% in the 2nd quarter. Drive Wealth Management LLC now owns 6,040 shares of the enterprise software provider’s stock valued at $719,000 after buying an additional 91 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of Oracle by 1.2% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 7,820 shares of the enterprise software provider’s stock valued at $931,000 after buying an additional 91 shares during the period. Noesis Capital Mangement Corp lifted its holdings in shares of Oracle by 3.2% in the 2nd quarter. Noesis Capital Mangement Corp now owns 3,149 shares of the enterprise software provider’s stock valued at $375,000 after buying an additional 97 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Oracle by 1.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 5,963 shares of the enterprise software provider’s stock valued at $710,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

    About Oracle

    (Get Free Report)

    Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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  • The Hartford Financial Services Group, Inc. to Post Q2 2023 Earnings of $2.02 Per Share, Jefferies Financial Group Forecasts (NYSE:HIG)

    The Hartford Financial Services Group, Inc. to Post Q2 2023 Earnings of $2.02 Per Share, Jefferies Financial Group Forecasts (NYSE:HIG)

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    The Hartford Financial Services Group, Inc. (NYSE:HIG – Get Rating) – Equities researchers at Jefferies Financial Group cut their Q2 2023 earnings estimates for shares of The Hartford Financial Services Group in a research note issued to investors on Monday, April 10th. Jefferies Financial Group analyst Y. Kinar now anticipates that the insurance provider will post earnings per share of $2.02 for the quarter, down from their prior estimate of $2.03. The consensus estimate for The Hartford Financial Services Group’s current full-year earnings is $8.24 per share. Jefferies Financial Group also issued estimates for The Hartford Financial Services Group’s Q4 2023 earnings at $2.52 EPS.

    Other research analysts also recently issued research reports about the company. The Goldman Sachs Group raised The Hartford Financial Services Group from a “neutral” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Wednesday, March 29th. JPMorgan Chase & Co. upped their target price on The Hartford Financial Services Group from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, March 31st. Roth Capital restated a “neutral” rating on shares of The Hartford Financial Services Group in a research note on Friday, February 3rd. Wells Fargo & Company upped their price objective on The Hartford Financial Services Group from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, April 5th. Finally, Royal Bank of Canada increased their price objective on The Hartford Financial Services Group from $75.00 to $77.00 and gave the stock a “sector perform” rating in a research note on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

    The Hartford Financial Services Group Stock Performance

    Shares of HIG opened at $70.84 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $22.18 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 1.21 and a beta of 0.85. The stock has a 50 day moving average price of $72.76 and a 200 day moving average price of $72.68. The Hartford Financial Services Group has a 52-week low of $60.17 and a 52-week high of $79.44.

    The Hartford Financial Services Group (NYSE:HIG – Get Rating) last issued its quarterly earnings data on Friday, February 3rd. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.45. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.74 billion. The Hartford Financial Services Group had a net margin of 8.12% and a return on equity of 18.15%. The Hartford Financial Services Group’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.02 EPS.

    The Hartford Financial Services Group Dividend Announcement

    The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 4th. Investors of record on Monday, March 6th were paid a dividend of $0.425 per share. The ex-dividend date was Friday, March 3rd. This represents a $1.70 annualized dividend and a dividend yield of 2.40%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 31.19%.

    Insider Buying and Selling

    In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 3,920 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $77.41, for a total transaction of $303,447.20. Following the transaction, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at $1,998,726.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Robert W. Paiano sold 14,542 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $77.38, for a total value of $1,125,259.96. Following the sale, the executive vice president now directly owns 46,629 shares of the company’s stock, valued at approximately $3,608,152.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Adin M. Tooker sold 3,920 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $77.41, for a total transaction of $303,447.20. Following the completion of the transaction, the executive vice president now owns 25,820 shares in the company, valued at approximately $1,998,726.20. The disclosure for this sale can be found here. Insiders sold a total of 96,587 shares of company stock worth $7,524,178 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

    Hedge Funds Weigh In On The Hartford Financial Services Group

    Several institutional investors and hedge funds have recently bought and sold shares of the business. Dark Forest Capital Management LP acquired a new position in shares of The Hartford Financial Services Group during the fourth quarter valued at $29,000. Gradient Investments LLC acquired a new stake in shares of The Hartford Financial Services Group in the third quarter valued at approximately $27,000. Janiczek Wealth Management LLC lifted its holdings in The Hartford Financial Services Group by 38.4% during the 3rd quarter. Janiczek Wealth Management LLC now owns 588 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 163 shares during the last quarter. Heritage Wealth Management LLC raised its holdings in The Hartford Financial Services Group by 114.5% in the 4th quarter. Heritage Wealth Management LLC now owns 680 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 363 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in The Hartford Financial Services Group in the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

    The Hartford Financial Services Group Company Profile

    (Get Rating)

    The Hartford Financial Services Group, Inc is an insurance and financial services company. It operates through the following segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Hartford Funds, and Corporate. The Commercial Lines segment provides workers’ compensation, property, automobile, liability and umbrella coverage under several different products.

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    Earnings History and Estimates for The Hartford Financial Services Group (NYSE:HIG)

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  • CrowdStrike Holdings, Inc. Forecasted to Post FY2025 Earnings of $0.22 Per Share (NASDAQ:CRWD)

    CrowdStrike Holdings, Inc. Forecasted to Post FY2025 Earnings of $0.22 Per Share (NASDAQ:CRWD)

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    CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) – Stock analysts at Jefferies Financial Group issued their FY2025 earnings per share (EPS) estimates for shares of CrowdStrike in a note issued to investors on Wednesday, March 8th. Jefferies Financial Group analyst J. Gallo anticipates that the company will post earnings of $0.22 per share for the year. Jefferies Financial Group currently has a “Hold” rating and a $120.00 target price on the stock. The consensus estimate for CrowdStrike’s current full-year earnings is ($0.43) per share.

    A number of other research analysts have also recently weighed in on CRWD. Cowen lowered their price objective on CrowdStrike from $220.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 30th. Truist Financial decreased their target price on CrowdStrike from $200.00 to $175.00 in a research note on Monday, January 9th. Royal Bank of Canada lifted their target price on CrowdStrike from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler decreased their target price on CrowdStrike from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, January 5th. Finally, Canaccord Genuity Group decreased their target price on CrowdStrike from $230.00 to $175.00 in a research note on Wednesday, November 30th. Five investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.50.

    CrowdStrike Stock Down 5.6 %

    CRWD stock opened at $121.68 on Friday. CrowdStrike has a twelve month low of $92.25 and a twelve month high of $242.00. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $110.06 and its 200-day moving average price is $136.17.

    Institutional Investors Weigh In On CrowdStrike

    Several hedge funds have recently made changes to their positions in the company. Zullo Investment Group Inc. lifted its stake in shares of CrowdStrike by 1.9% during the 2nd quarter. Zullo Investment Group Inc. now owns 2,990 shares of the company’s stock worth $504,000 after purchasing an additional 55 shares during the last quarter. Nwam LLC lifted its stake in shares of CrowdStrike by 2.2% during the 2nd quarter. Nwam LLC now owns 2,802 shares of the company’s stock worth $523,000 after purchasing an additional 60 shares during the last quarter. Almanack Investment Partners LLC. lifted its stake in shares of CrowdStrike by 5.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 1,191 shares of the company’s stock worth $201,000 after purchasing an additional 62 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of CrowdStrike by 6.2% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 1,082 shares of the company’s stock worth $182,000 after purchasing an additional 63 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of CrowdStrike by 1.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 4,562 shares of the company’s stock worth $1,036,000 after purchasing an additional 65 shares during the last quarter. 65.05% of the stock is currently owned by hedge funds and other institutional investors.

    Insider Activity at CrowdStrike

    In related news, insider Shawn Henry sold 7,556 shares of the business’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total transaction of $822,848.40. Following the completion of the transaction, the insider now owns 166,998 shares in the company, valued at approximately $18,186,082.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 7,556 shares of the company’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total value of $822,848.40. Following the completion of the sale, the insider now directly owns 166,998 shares in the company, valued at approximately $18,186,082.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin bought 35,000 shares of the stock in a transaction on Thursday, January 5th. The stock was purchased at an average price of $96.19 per share, with a total value of $3,366,650.00. Following the completion of the acquisition, the director now directly owns 100,419 shares in the company, valued at approximately $9,659,303.61. The disclosure for this purchase can be found here. Insiders sold a total of 109,252 shares of company stock worth $11,807,218 in the last quarter. 6.82% of the stock is owned by company insiders.

    About CrowdStrike

    (Get Rating)

    CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.

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  • Q2 2024 EPS Estimates for Bread Financial Holdings, Inc. Lifted by Analyst (NYSE:BFH)

    Q2 2024 EPS Estimates for Bread Financial Holdings, Inc. Lifted by Analyst (NYSE:BFH)

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    Bread Financial Holdings, Inc. (NYSE:BFH – Get Rating) – Equities researchers at Jefferies Financial Group increased their Q2 2024 earnings per share (EPS) estimates for Bread Financial in a research report issued on Tuesday, January 10th. Jefferies Financial Group analyst J. Hecht now anticipates that the company will post earnings per share of $3.32 for the quarter, up from their prior forecast of $3.23. The consensus estimate for Bread Financial’s current full-year earnings is $3.46 per share.

    Bread Financial (NYSE:BFH – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $2.69 earnings per share for the quarter, hitting the consensus estimate of $2.69. Bread Financial had a net margin of 9.43% and a return on equity of 18.52%. The company had revenue of $979.00 million during the quarter, compared to analyst estimates of $976.21 million. During the same period last year, the business earned $4.47 EPS. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year.

    BFH has been the subject of several other reports. Credit Suisse Group raised their price objective on Bread Financial from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, October 28th. TheStreet upgraded Bread Financial from a “d+” rating to a “c-” rating in a report on Thursday, October 27th. Royal Bank of Canada increased their price objective on Bread Financial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. The Goldman Sachs Group increased their price objective on Bread Financial from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, October 28th. Finally, Morgan Stanley cut their price objective on Bread Financial from $45.00 to $39.00 and set an “equal weight” rating for the company in a report on Wednesday, October 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

    Bread Financial Trading Down 3.4 %

    Shares of NYSE:BFH opened at $38.34 on Thursday. Bread Financial has a fifty-two week low of $28.85 and a fifty-two week high of $74.80. The company has a market cap of $1.91 billion, a PE ratio of 5.13, a P/E/G ratio of 0.20 and a beta of 1.96. The company’s 50-day moving average price is $38.60 and its 200 day moving average price is $37.79. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

    Hedge Funds Weigh In On Bread Financial

    Several institutional investors have recently bought and sold shares of BFH. Chicago Capital LLC bought a new position in Bread Financial during the third quarter valued at about $701,000. Thompson Investment Management Inc. bought a new position in Bread Financial during the third quarter valued at about $6,391,000. New Mexico Educational Retirement Board bought a new position in Bread Financial during the third quarter valued at about $245,000. Louisiana State Employees Retirement System acquired a new stake in shares of Bread Financial in the third quarter valued at about $418,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Bread Financial in the third quarter valued at about $224,000. 96.62% of the stock is currently owned by institutional investors.

    Bread Financial Dividend Announcement

    The business also recently announced a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Monday, November 14th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, November 10th. This represents a $0.84 annualized dividend and a yield of 2.19%. Bread Financial’s dividend payout ratio (DPR) is currently 11.23%.

    About Bread Financial

    (Get Rating)

    Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for approximately 130 private label and co-brand credit card programs, as well as through Bread partnerships to approximately 500 small-and medium-sized businesses merchants; and Comenity-branded general purpose cash-back credit.

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    Earnings History and Estimates for Bread Financial (NYSE:BFH)

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  • Steel Dynamics, LegalZoom rise; Flowers Foods fall

    Steel Dynamics, LegalZoom rise; Flowers Foods fall

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    NEW YORK — Stocks that traded heavily or had substantial price changes Friday:

    Steel Dynamics Inc., up 40 cents to $96.74.

    The steel producer and metals recycler increased its stock buyback program by $1.5 billion.

    Toast Inc., up 48 cents to $20.48.

    The restaurant software provider raised its revenue forecast for the year.

    Doximity Inc., up $8.61 to $34.94.

    The medical social networking site beat analysts’ fiscal second-quarter earnings and revenue forecasts.

    LegalZoom.com Inc., up 98 cents to $10.44.

    The online platform for legal services raised its revenue forecast for the year.

    Mister Car Wash Inc., up $1.37 to $10.63.

    The car wash operator beat Wall Street’s third-quarter financial forecasts.

    Flowers Foods Inc., down $2.51 to $26.90.

    The bakery goods company maintained its earnings forecast for the year.

    Thermo Fisher Scientific Inc., up $18.10 to $538.68.

    The maker of scientific instruments and laboratory supplies announced a $4 billion stock buyback plan.

    Figs Inc., up 34 cents to $6.91.

    The maker of scrubs and other apparel for healthcare workers reported encouraging third-quarter financial results.

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  • Disney posts Q4 results below Wall Street estimates

    Disney posts Q4 results below Wall Street estimates

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    The Walt Disney Co. on Tuesday posted lower-than-expected profit and revenue for its fiscal fourth quarter even as its streaming services did well, sending its shares lower in after-hours trading.

    The company said it earned $162 million, or 9 cents per share, in the July-September quarter, nearly flat compared to $160 million, or 9 cents a share, a year earlier.

    Excluding one-time items, Disney earned 30 cents per share. Analysts, on average, were expecting earnings of 56 cents per share on that basis, according to FactSet.

    Revenue grew 9% to $20.15 billion from $18.53 billion. Analysts were expecting revenue of $21.27 billion.

    Disney said it ended its fiscal year with more than 235 million subscribers to its streaming services. That’s above analysts’ expectations of 231.5 million.

    The company plans to increase prices at Disney+ next month and also introduce a lower-priced version that includes advertisements. Currently, Disney+ is ad-free.

    Disney+ added 12.1 million subscribers to bring the total 164.2 million as of Oct. 1. In comparison, Netflix — which is also adding an ad-supported tier to its streaming service — has about 223 million subscribers.

    CEO Bob Chapek said the company still expects Disney+ to be profitable in 2024 “assuming we don not see a meaningful shift in the economic climate.”

    Shares in Disney, which is based in Burbank, California, fell almost 8% in after-hours trading.

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  • Warren Buffett’s firm reports $2.7B loss on investment drop

    Warren Buffett’s firm reports $2.7B loss on investment drop

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    OMAHA, Neb. — Warren Buffett’s company again reported a loss — this time only $2.7 billion — because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico.

    Berkshire Hathaway reported a quarterly loss Saturday of $2.7 billion, or $1,832 per Class A share. That’s down from a $10.3 billion profit, or $6,882 per Class A share, a year ago when the stock market was soaring. In the second quarter of this year, Berkshire reported a $44 billion loss.

    Buffett has long said he believes Berkshire’s operating earnings are a better measure of the company’s performance because they exclude investment gains and losses, which can vary widely quarter to quarter. By that measure, Berkshire’s operating earnings jumped 20% to $7.76 billion, or $5,293.83 per Class A share. That’s up from $6.47 billion, or $4,330.60 per Class A share.

    The four analysts surveyed by FactSet expected Berkshire to report operating earnings per Class A share of $4,205.82 on average.

    Berkshire said its revenue grew 9% to $76.9 billion.

    Most of Berkshire’s eclectic assortment of more than 90 companies performed well during the quarter, but the key insurance unit of Geico reported a pre-tax underwriting loss of $759 million as the cost of auto claims soared along with the prices of used cars and car parts. Geico has been hampered by soaring costs since the second half of last year.

    Geico did increase its rates by 5.4% during the quarter, but that was almost entirely offset because it lost 4.6% of its customers.

    Another notable weak spot in the results was that BNSF railroad’s profit declined 6% to $1.44 billion as it hauled 5% less freight the cost of fuel soared and salary costs were adjusted up to reflect the raises railroads have agreed to pay their workers in tentative agreements with their 12 unions. Most of BNSF’s peers reported significant increases in profits during the quarter.

    Berkshire said its insurance units recorded after tax losses of $2.7 billion related to Hurricane Ian. That compares with $1.7 billion in catastrophic losses a year ago related to Hurricane Ida and major floods in Europe.

    Berkshire is sitting on nearly $109 billion cash even though it has been actively investing in the stock market this year, including putting more than $51 billion to work in the first quarter. That is up slightly from the $105.4 billion it held at the end of the second quarter because Berkshire’s businesses generated more cash than it spent. Although after the end of the third quarter, Berkshire did spend $11.6 billion in October to complete its acquisition of the Alleghany insurance conglomerate.

    Buffett’s biggest stock investments this year included buying roughly $12 billion worth of Occidental Petroleum stock and about $20 billion worth of Chevron shares. Besides those oil sector investments, Berkshire also bought more than 120 million shares of printer maker HP Inc. and bet big that Microsoft’s acquisition of Activision Blizzard will go through by buying nearly 70 million shares of the video game maker.

    Berkshire’s investment portfolio also includes major stakes in Apple, American Express, Bank of America and Coca-Cola stock.

    The Omaha, Nebraska, based conglomerate’s companies include manufacturing firms like aviation parts maker Precision Castparts and specialty chemical maker Lubrizol, retail firms like See’s Candy, Dairy Queen and Helzberg Diamonds and other companies like NetJets.

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  • Boston Beer, Schlumberger rise; Snap, Twitter fall

    Boston Beer, Schlumberger rise; Snap, Twitter fall

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    Stocks that traded heavily or had substantial price changes Friday: Boston Beer, Schlumberger rise; Snap, Twitter fall

    NEW YORK — Stocks that traded heavily or had substantial price changes Friday:

    Snap Inc., down $3.03 to $7.76.

    The owner of Snapchat gave a lackluster forecast for the fourth quarter.

    Twitter Inc., down $2.55 to $49.89.

    Elon Musk could cut almost 75% of the social media company’s workforce, according to a report.

    CSX Corp., up 46 cents to $27.54.

    The railroad’s third-quarter earnings and revenue beat analysts’ forecasts.

    SVB Financial Group, down $72.43 to $230.03.

    The financial services firm gave investors a disappointing financial forecast.

    Boston Beer Co., up $66.12 to $402.28.

    The brewer of Samuel Adams beer beat Wall Street’s third-quarter revenue forecasts.

    Schlumberger NV, up $4.72 to $50.41.

    The world’s largest oilfield services company beat analysts’ third-quarter financial forecasts.

    American Express Co., down $2.38 to $140.04.

    The credit card giant said it is setting aside hundreds of millions of dollars to cover potential losses as the economy continues to deteriorate.

    Robert Half International Inc., down $6.83 to $73.01.

    The staffing firm’s third-quarter earnings and revenue fell short of analysts’ forecasts.

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  • American Airlines posts $483 million profit for late summer

    American Airlines posts $483 million profit for late summer

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    DALLAS — The three biggest U.S. airlines enjoyed a boffo summer, reaping a combined profit of more than $2 billion as Americans jammed on to planes despite fares that were sharply higher than a year ago.

    What pandemic?

    American Airlines said Thursday that it earned $483 million on record-breaking revenue that more than offset higher fuel costs in the third quarter. American predicted that profit will continue to exceed Wall Street expectations during the holiday-packed remainder of 2022.

    The results from American, however, weren’t quite as grand as figures from its more prosperous rivals. United Airlines reported a $942 million profit on Tuesday, and Delta Air Lines posted third-quarter earnings of $695 million last week.

    Clearly, many people are eager to travel after most were grounded during the early part of the pandemic. Executives at all three big U.S. airlines said they see no indication that consumer concerns about inflation and the economy are hurting ticket sales.

    “American’s third-quarter results, including our record revenue performance, are significant considering the macroeconomic uncertainty facing so many people,” CEO Robert Isom said on a call with analysts and reporters. “Demand remains strong.”

    American, which is based in Fort Worth, Texas, predicted that fourth-quarter profit will be between 50 cents and 70 cents per share, which would beat Wall Street’s forecast of 19 cents per share.

    U.S. air travel has roared back from pandemic lows in early 2020. Last Sunday, the Transportation Security Administration screened nearly 2.5 million travelers on a single day, the busiest day at the nation’s airports since February 2020.

    Travel is booming despite a 43% leap in airfares in the past year, according to government figures.

    One reason fares are high is that the number of flights has not returned to pre-pandemic levels, leaving consumers vying for fewer seats. American, for example, did nearly 10% less flying in the third quarter than in the same period of 2019.

    American said it plans to run at 95% to 100% of 2019 levels next year. That is in line with Delta, which expects to restore its full schedule by next summer. United recently announced it will expand European flying next summer.

    Isom said American could add more flights next year but will take a cautious approach. American, Delta and others canceled flights earlier this year when they didn’t have enough staff, particularly pilots.

    “We are going to make sure that we don’t outpace what we have, either in terms of aircraft deliveries if that’s the constraint, or if it’s pilots at a regional level or our ability to train pilots” at American, he said.

    For the third quarter, American said its adjusted profit, which excludes certain items, was 69 cents per share, compared with a forecast of 54 cents per share by analysts surveyed by FactSet.

    Revenue rose to $13.46 billion, slightly higher than the $13.36 billion predicted by analysts. American, which has a major hub operation in Miami and operates many flights to the Caribbean, said it lost about $40 million in revenue because of hurricanes Fiona and Ian in September.

    Also Thursday, the parent of Alaska Airlines reported a $40 million third-quarter profit on record revenue of $2.8 billion. The Seattle-based airline said, however, that non-fuel costs in the fourth quarter will be higher than expected because of three new contracts with union labor groups including pilots.

    Shares of American Airlines Group Inc. closed down 4% and Alaska Air Group Inc. dropped 5%, while shares of Delta, United and Southwest dipped by smaller percentages.

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  • J&J sales grow, but strong dollar tugs at expectations

    J&J sales grow, but strong dollar tugs at expectations

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    Johnson & Johnson topped third-quarter expectations thanks to growth in pharmaceutical sales, but the health care giant continued to tread cautiously with its outlook due to the strong dollar.

    J&J on Tuesday stuck to the midpoint of its 2022 forecast after lowering expectations the previous two quarters due to the impact of currency exchanges. The company now expects adjusted earnings to range between $10.02 and $10.07 per share.

    That’s a narrower forecast than the $10-to-$10.10 range the company predicted in July.

    For the full year, analysts expect, on average, earnings of $10.07 per share, according to FactSet.

    J&J brings in nearly half of its sales from outside the United States. A strong U.S. dollar, which is now worth more than a euro for the first time in 20 years, can affect sales for companies that do a lot of international business.

    They have to convert those sales into dollars when they report earnings. The stronger dollar decreases the value of those sales. It also gives foreign products a price edge in the United States.

    In the third quarter, J&J’s profit climbed 22% to $4.46 billion. Revenue rose 2% to $23.79 billion, and adjusted earnings totaled $2.55 per share.

    Analysts were expecting earnings of $2.48 per share on $23.36 billion in revenue, according to FactSet.

    Revenue from the company’s biggest segment, pharmaceutical, climbed 2.6% — or 9% without the impact of foreign exchange — to $13.2 billion. That business was charged by sales of the blood cancer treatment Darzalex, which soared nearly 30% to $2.06 billion.

    The company recorded no U.S. sales in the quarter from its one-shot COVID-19 vaccine, which brought in $489 million in revenue from international markets.

    J&J’s vaccine was one of three initially authorized by U.S. regulators more than a year ago to protect against COVID-19. But the government has since strictly limited who can receive the shot due to a small risk of rare but serious blood clots.

    The company also has had to trash millions of doses of the shots due to manufacturing trouble at a Baltimore factory operated by a contractor.

    Shares of New Brunswick, New Jersey company rose 2% before the opening bell.

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