Latest news for Active Energy Gr (OTC:ATGVF) Stock

Active Energy Group PLC is engaged in renewable energy, engineering soils, and forestry management business. Its activities are the development and commercialization of low-cost biomass into renewable energy pellet products as well as the development of timber resources to work with each biomass energy project. Its operating segment includes Wood processing, CoalSwitch, and Corporate & others. It generates maximum revenue from the CoalSwitch/PeatSwitch segment. Geographically, it derives its revenue from the USA and has a presence in Switzerland.

ACTIVE ENERGY GRP PLC NEW by Active Energy Group Plc

Active Energy Group PLC

Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) reported quarterly Core FFO of $3.94 per share which beat the analyst consensus estimate of $3.85 by 2.34 percent. This is a 4.51 percent increase over earnings of $3.77 per share from the same period last year.

Earnings

Earnings Beats

News

Essex Property Trust Q2 2024 Core FFO $3.94 Beats $3.85 Estimate

Smurfit WestRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SW#NYSE">SW</a>) reported quarterly earnings of $0.51 per share which missed the analyst consensus estimate of $0.94 by 45.74 percent. This is a 50.49 percent decrease over earnings of $1.03 per share from the same period last year. The company reported quarterly sales of $2.97 billion which missed the analyst consensus estimate of $3.11 billion by 4.63 percent. This is a 3.48 percent decrease over sales of $3.08 billion the same period last year.

Earnings Misses

Smurfit WestRock Q2 EPS $0.51, Sales $2.97B Miss $3.11B Estimate

Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.68 by 1.47 percent. The company reported quarterly sales of $5.835 billion which beat the analyst consensus estimate of $5.724 billion by 1.94 percent. This is a 8.88 percent increase over sales of $5.359 billion the same period last year.

Macro Notification

General

Advanced Micro Devices Q2 2024 Adj EPS $0.69 Beats $0.68 Estimate, Sales $5.835B Beat $5.724B Estimate

Current Program To Terminate On July 31, 2024

Buybacks

Unum Group Announces $1B Share Repurchase Program Starting August 1, 2024

Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) reported quarterly earnings of $2.06 per share which beat the analyst consensus estimate of $2.00 by 3 percent. The company reported quarterly sales of $697.100 million which missed the analyst consensus estimate of $728.755 million by 4.34 percent. This is a 58.16 percent increase over sales of $440.747 million the same period last year.

Extra Space Storage Q2 2024 FFO $2.06 Beats $2.00 Estimate, Sales $697.100M Miss $728.755M Estimate

<ul>
<li>Pamrevlumab arm of the Precision PromiseSM study in metastatic pancreatic cancer, sponsored and conducted by the Pancreatic Cancer Action Network (PanCAN), did not meet the primary endpoint of overall survival as determined by the protocol pre-specified Bayesian statistical analysis</li>
<li>LAPIS study in locally advanced, unresectable pancreatic cancer, sponsored by FibroGen, did not meet the primary endpoint of overall survival</li>
<li>Pamrevlumab was generally safe and well tolerated across both studies, with no clinically meaningful difference in overall safety vs. control arms &nbsp;</li>
<li>Company to implement immediate and significant cost reduction plan in the U.S. 
<ul>
<li>Terminate pamrevlumab research and development (R&amp;D) investment and expeditiously wind down remaining obligations</li>
<li>Reduce U.S. workforce by approximately 75%</li>
</ul>
</li>
</ul>

Biotech

FGEN

FibroGen Announces Topline Results From Two Late-Stage Pamrevlumab Pancreatic Cancer Studies; Pamrevlumab Arm Of Precision PromiseSM Study In Metastatic Pancreatic Cancer Did Not Meet Primary Endpoint

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor&#39;s dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company&#39;s earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Canadian Imperial Bank in Focus
Based in Toronto, Canadian Imperial Bank (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cm#NYSE">CM</a>) is in the Finance sector, and so far this year, shares have seen a price change of 5.73%. Currently paying a dividend of $0.66 per share, the company has a dividend yield of 5.18%. In comparison, the Banks - Foreign industry&#39;s yield is 4.42%, while the S&amp;P 500&#39;s yield is 1.59%.
Taking a look at the company&#39;s dividend growth, its current annualized dividend of $2.64 is up 3.9% from last year. In the past five-year period, Canadian Imperial Bank has increased its dividend 4 times on a year-over-year basis for an average annual increase of 5.40%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company&#39;s annual earnings per share that it pays out as a dividend. Right now, Canadian Imperial Bank&#39;s payout ratio is 54%, which means it paid out 54% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, CM expects solid earnings growth. The Zacks Consensus Estimate for 2024 is $5.05 per share, with earnings expected to increase 1.41% from the year ago period.
Bottom Line
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that CM is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
<a href="https://www.zacks.com/stock/news/2312165/why-canadian-imperial-bank-cm-is-a-great-dividend-stock-right-now?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_5-2312165">To read this article on Zacks.com click here.</a>

Dividends

Markets

Analyst Ratings

Trading Ideas

Why Canadian Imperial Bank is a Great Dividend Stock Right Now

LendingClub (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.04 by 225 percent. The company reported quarterly sales of $187.241 million which beat the analyst consensus estimate of $177.078 million by 5.74 percent. This is a 19.46 percent decrease over sales of $232.470 million the same period last year.

LendingClub Q2 2024 GAAP EPS $0.13 Beats $0.04 Estimate, Sales $187.241M Beat $177.078M Estimate

Guidance

Caesars Entertainment Continues To Forecast 2024 Full Year Capital Expenditures Of $800M, Excluding Our Danville Project

Bank of America's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) short percent of float has risen 8.08% since its last report. The company recently reported that it has 72.01 million shares sold short, which is 1.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.47 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Bank of America Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722370522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bank of America has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Bank of America's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Bank of America's peer group average for short interest as a percentage of float is 1.11%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Bank of America?

Stag Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STAG#NYSE">STAG</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.21 by 57.14 percent. The company reported quarterly sales of $186.47 million which missed the analyst consensus estimate of $187.97 million by 0.80 percent. This is a 8.77 percent increase over sales of $171.44 million the same period last year.

STAG

Stag Industrial Q2 2024 Adj EPS $0.33 Beats $0.21 Estimate, Sales $186.47M Miss $187.97M Estimate

WESCO Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCC#NYSE">WCC</a>) short percent of float has fallen 26.81% since its last report. The company recently reported that it has 1.81 million shares sold short, which is 4.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.9 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>WESCO Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722370516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for WESCO Intl has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing WESCO Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, WESCO Intl's peer group average for short interest as a percentage of float is 4.17%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into WESCO Intl's Recent Short Interest

Aurora Innovation's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NYSE">AUR</a>) short percent of float has risen 24.65% since its last report. The company recently reported that it has 106.72 million shares sold short, which is 12.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 12.77 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Aurora Innovation Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722370511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Aurora Innovation has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Aurora Innovation's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Aurora Innovation's peer group average for short interest as a percentage of float is 7.70%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Aurora Innovation's Recent Short Interest

Caesars Entertainment Says Remain Optimistic For The Balance Of 2024 Driven By Operating Trends In Las Vegas And Caesars Digital Segments

Xylo Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XYLO#NASDAQ">XYLO</a>) ("Xylo" and the "Company"), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle ("EV") and charging solutions, announced today that it plans a ratio change which will result in a reverse split of the Company's American Depositary Receipt, or ADR, program on the basis of one (1) new ADS for every 2.666666 old ADSs held. As a result, the number of ordinary shares of the Company represented by each American Depositary Share, or ADS, will be changed from fifteen (15) ordinary shares to forty (40) ordinary shares. The effective date anticipated for the reverse split and the ratio change is August 5, 2024 and the Company's ADSs will continue to be traded on the Nasdaq Capital Market under the symbol "XYLO" with a new CUSIP Number 58471G 508.&nbsp;The ordinary shares of Xylo will not be affected by this change in the ADS to ordinary share ratio.
Effective August 5, 2024, ADS holders will be required on a mandatory basis to surrender their old ADSs to BNY Mellon for cancellation at a rate of one (1) new ADS for every 2.666666 old ADS held. The Bank of New York Mellon., as the depositary bank for Xylo's ADS program, will arrange for the exchange of current ADSs for new ADSs (subject to receipt of applicable&nbsp;ADS fees from the exchanging&nbsp;ADS holders).
Only whole ADSs will be distributed. BNY Mellon will attempt to sell any fractional

Stock Split

XYLO

Xylo Technologies Announces Plan To Implement ADS Ratio Change On The Basis Of 1 New ADS For Every 2.666666 Old ADSs Held; Ordinary Shares Of The Co Represented By Each ADS, Will Be Changed From 15 Ordinary Shares To 40 Ordinary Shares

California American Water Purchases Yerba Buena Water Company's Assets; Terms Not Disclosed

For the quarter ended June 2024, Sysco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syy#NYSE">SYY</a>) reported revenue of $20.56 billion, up 4.2% over the same period last year. EPS came in at $1.39, compared to $1.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $20.51 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +0.72%, with the consensus EPS estimate being $1.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company&#39;s underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock&#39;s price performance.
Here is how Sysco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>Revenue- International Foodservice Operations: $3.79 billion compared to the $3.82 billion average estimate based on three analysts. The reported number represents a change of +3.8% year over year.</li>
<li>Revenue- U.S. Foodservice Operations: $14.41 billion versus the three-analyst average estimate of $14.48 billion. The reported number represents a year-over-year change of +4.9%.</li>
<li>Sales- Other: $310 million compared to the $328.42 million average estimate based on three analysts. The reported number represents a change of -5.8% year over year.</li>
<li>Sales- SYGMA: $2.04 billion versus $2 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2% change.</li>
<li>Operating income (GAAP)- Other: $23 million compared to the $20.91 million average estimate based on three analysts.</li>
<li>Operating income (GAAP)- SYGMA: $26 million compared to the $19.90 million average estimate based on three analysts.</li>
<li>Gross Profit- Other: $85 million compared to the $87.73 million average estimate based on three analysts.</li>
<li>SYGMA- Gross Profit: $163 million versus the three-analyst average estimate of $158.86 million.</li>
</ul>
Shares of Sysco have returned +4.8% over the past month versus the Zacks S&amp;P 500 composite&#39;s +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2311818/sysco-syy-q4-earnings-how-key-metrics-compare-to-wall-street-estimates?cid=CS-BENZ-FT-fundamental_analysis|nfm-2311818">To read this article on Zacks.com click here.</a>

Sysco Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

WIIM

SBUX

Starbucks shares are trading higher. The company reported mixed Q3 financial results.

Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) reported quarterly earnings of $0.48 per share which met the analyst consensus estimate. The company reported quarterly sales of $864.00 million which beat the analyst consensus estimate of $856.40 million by 0.89 percent. This is a 4.15 percent increase over sales of $829.55 million the same period last year.

MTCH

Match Group Q2 2024 Adj GAAP EPS $0.48, Inline, Sales $864.00M Beat $856.40M Estimate

Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.80 by 41.25 percent. The company reported quarterly sales of $1.24 billion which missed the analyst consensus estimate of $1.33 billion by 6.56 percent. This is a 14.50 percent increase over sales of $1.08 billion the same period last year.

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Latest news for Active Energy Gr (OTC:ATGVF) Stock