Raymond James Financial (RJF) reported fiscal Q4 adjusted earnings late Wednesday of $2.13 per diluted share, up from $2.08 a year earlier. Analysts surveyed by Capital IQ expected $2.28. Revenue for the quarter ended Sept. 30 was $3.05 billion, up from $2.83 billion a year earlier. Analysts polled by Capital IQ expected $3 billion.
Raymond James Financial’s Fiscal Q4 Adjusted Earnings, Revenue Advance Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target price at $30, applying an EV/EBITDA multiple of 6.1x to our 2024 estimate, a slight discount to its three-year historical average multiple at 6.8x, reflecting our view that it will continue to lose market share. We raise our 2023 EPS estimate by $0.05 to $4.70 and trim 2024’s by $0.05 to $4.63. VZ reported Q3 operating EPS of $1.22 vs. $1.32, $0.04 above the consensus. Q3 revenue declined 2.6%, driven by a 2.3% drop in the Consumer segment due to an 11.8% decline in equipment revenue, as well as a 4.0% fall in the Business segment driven by a 15.9% decline in wholesale revenue. Consumer retail postpaid phone net losses were 51K, while business postpaid phone net adds were 151K. While results
CFRA Maintains Sell Opinion On Shares Of Verizon Communications Inc. Read Post »
Teradyne Expects Q4 Revenue Of $640M-$700M (Est. $689.573M), Adj. EPS Of $0.61-$0.81 (Est. $0.76)。
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target price by $29 to $236 on a 26x multiple applied to our updated FY 2024 (Jun.) EPS estimate, slightly below ADP’s five-year historical forward average. We think a reduced multiple is reasonable in light of Q2 guidance for modest margin compression. We cut our FY 2024 EPS estimate by $0.05 to $9.09 but raise FY 2025’s by $0.13 to $10.06. ADP reported FQ1 (Jun.) EPS of $2.08 vs. $1.86, beating the consensus view by $0.06. Q1 revenues of $4.5 billion (+7% Y/Y) were essentially in line with consensus. ADP noted that its Professional Employer Organization (PEO) business saw margins narrow by 90 bps in Q1 (year-over-year). With higher selling expenses looming, as well as a deceleration in pays per control, management sees
CFRA Keeps Hold Opinion On Shares Of Automatic Data Processing, Inc. Read Post »
Piper Sandler analyst Brent Bracelin maintains Microsoft (NASDAQ:MSFT) with a Overweight and raises the price target from $400 to $425.
Piper Sandler raises Microsoft (NASDAQ:MSFT) price target from $400 to $425 Read Post »
Alphabet (GOOG, GOOGL) reported Q3 earnings late Tuesday of $1.55 per diluted share, up from $1.06 a year earlier. Analysts polled by Capital IQ expected $1.45. Revenue for the quarter ended Sept. 30 was $76.69 billion, up from $69.09 billion a year earlier. Analysts surveyed by Capital IQ projected $75.75 billion.
Alphabet Q3 Earnings, Revenue Increase Read Post »
Thermo Fisher Scientific (NYSE: TMO) Reports Q3 EPS $5.69, vs. Street Est of $5.61.
Thermo Fisher Scientific (NYSE: TMO) Reports Q3 EPS $5.69, vs. Street Est of $5.61 Read Post »
Thermo Fisher Scientific Reports Third Quarter 2023 Results WALTHAM, Mass.—-October 25, 2023– Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today reported its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights — Third quarter revenue was $10.57 billion, 1% lower versus the same quarter last year. Core organic revenue growth was 1%. — Third quarter GAAP diluted earnings per share (EPS) was $4.42, 17% higher versus the same quarter last year, driven by 160 basis points of operating margin expansion. — Third quarter adjusted EPS was $5.69, 12% higher versus the same quarter last year, driven by 200 basis points of adjusted operating margin expansion. — The impact of the macroeconomic conditions that the industry has experienced through the year increased in the third quarter. Our PPI Business System and strong execution by our global team enabled the company to
Thermo Fisher Scientific (NYSE: TMO) Reports Third Quarter 2023 Results Read Post »
Barclays analyst Kannan Venkateshwar upgrades Verizon Communications (NYSE:VZ) from Equal-Weight to Overweight and raises the price target from $37 to $38.
Barclays raises Verizon Communications (NYSE:VZ) price target from $37 to $38 Read Post »
HILTON WORLDWIDE HOLDINGS Reports Q3 Revenue $2.67B, vs. Street Est of $2.62B.
HILTON WORLDWIDE HOLDINGS Reports Q3 Revenue $2.67B, vs. Street Est of $2.62B Read Post »
HILTON WORLDWIDE HOLDINGS Forecasts Q4 EPS Range $1.51 – $1.56.
HILTON WORLDWIDE HOLDINGS Forecasts Q4 EPS Range $1.51 – $1.56 Read Post »
Hilton Worldwide Holdings expects new openings to accelerate in the current quarter despite pressure from higher interest rates, Chief Executive Chris Nassetta says. “We believe we have hit an inflection point and expect a meaningful uptick in openings in the fourth quarter with continued positive momentum into next year,” he says in the company’s third-quarter earnings press release. He says the company is confident it can grow net units by 5.5% to 6%. Hotel operators have warned for much of this year that higher interest rates and construction costs are weighing on demand for new hotels.
Hilton Expects New Hotel Openings to Accelerate Despite Higher Interest Rates Read Post »