ProShares Russell US Dividend Growers ETF (BATS: TMDV)

Latest news for ProShares Russell US Dividend Growers ETF (BATS:TMDV)

Consumer Defensive

Industrials

Utilities

Financial Services

Basic Materials

Consumer Cyclical

Healthcare

Energy

Real Estate

Other

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the Index. The Index, constructed and maintained by FTSE International Limited, targets companies that are currently members of the Russell 3000 Index, which represents approximately 98 percent of the investable U.S. equity market, have increased dividend payments each year for at least 35 years, and meet certain liquidity requirements.

Middlesex Water Company

United Bankshares Inc/Wv

Stanley Black & Decker Inc.

Commerce Bancshares, Inc.

Sjw Corp

American States Water Co

Sherwin Williams Co/The

Old Republic International Corp

Cincinnati Financial Corp.

Universal Corp/va

ProShares Russell US Dividend Growers ETF

Piper Sandler analyst Thomas Champion maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Overweight and lowers the price target from $210 to $208.

News

Price Target

Analyst Ratings

GOOGL

Piper Sandler Maintains Overweight on Alphabet, Lowers Price Target to $208

Fiserv,&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>)&nbsp;reported&nbsp;fiscal fourth-quarter 2024 results, with revenue increasing by 7%&nbsp;year-over-year&nbsp;to $5.25 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43490464/fiserv-reports-fourth-quarter-and-full-year-2024-results" rel="noreferrer noopener">analyst consensus estimate of $4.96 billion</a>. Adjusted revenue increased&nbsp;7%&nbsp;year-over-year&nbsp;to $4.90 billion.&nbsp;
The financial technology and services&nbsp;provider&#8217;s adjusted EPS of $2.51 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $2.48</a>.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43495757/t-mobile-raises-294-billion-to-fund-stock-buybacks-dividends-and-debt-refinancing" rel="noreferrer noopener">T-Mobile Raises $2.94 Billion To Fund Stock Buybacks, Dividends, and Debt Refinancing</a>
The adjusted EPS marked a 15% increase over&nbsp;last year&#8217;s period.&nbsp;The&nbsp;stock price gained after the print.
Organic revenue grew 13%, led by 23% growth in&nbsp;Merchant Solutions and 4% in&nbsp;Financial&nbsp;Solutions.
The adjusted operating margin increased by 180 bps Y/Y to 42.9%.&nbsp;Adjusted operating margin increased 150 basis points Y/Y to 39.2% in the Merchant Solutions segment and by 320 bps Y/Y to 51.7% in the Financial Solutions segment.
Chair and CEO Frank Bisignano said Fiserv&#8217;s track record of growth and consistency continued through 2024, marking its fourth year of double-digit organic revenue growth and the 39th consecutive year of double-digit adjusted earnings per share growth.
FY25 Outlook: Fiserv&nbsp;expects organic revenue&nbsp;growth of 10%-12% and adjusted EPS outlook of $10.10-$10.30, representing&nbsp;growth of 15%-17% Y/Y versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$10.20 consensus</a>.
Fiserv&nbsp;stock gained over 57% in the last 12 months.
Price Action: FI stock is up 6.8% at $228.82 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/02/43468780/fox-q2-earnings-revenue-and-eps-beat-fall-sports-schedule-and-election-cycle-drove-performance-plans-new-streaming-service" target="_blank" rel="noreferrer noopener">Fox Q2 Earnings: Revenue And EPS Beat, Fall Sports Schedule and Election Cycle Drove Performance, Plans New Streaming Service</a></li>
</ul>
Photo: Shutterstock

Earnings

Guidance

Fiserv Q4 Earnings: Merchant, Financial Solutions Fuel Growth, Double-Digit Outlook For 2025

Piper Sandler analyst Alexander Goldfarb upgrades Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) from Neutral to Overweight and raises the price target from $175 to $205.

Upgrades

Piper Sandler Upgrades Simon Property Group to Overweight, Raises Price Target to $205

Shares of digital intelligence solutions provider BigBear.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) are trading <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">higher on Wednesday</a>.
The U.S. Department of Defense (DoD) Chief Digital and Artificial Intelligence Office (CDAO) has granted the company a major contract to advance Virtual Anticipation Network (VANE) prototype.
This system is intended to detect trends and important topics connected to potential adversarial threats using AI models, allowing for faster and more precise evaluations of media content that may be crucial for defense strategies.
The VANE prototype will play a key role in assisting the CDAO and the Office of the Secretary of Defense (OSD) in making national security decisions.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43496469/aircraft-manufacturer-embraer-bags-7b-order-stocks-surge" rel="noreferrer noopener">Embraer Lands Record $7 Billion Flexjet Order</a>
Originally created in partnership with the Irregular Warfare Technical Support Directorate (IWTSD), VANE utilizes sophisticated AI models to examine large datasets from news sources.
The system collects and analyzes information, offering more precise understanding of adversarial actions. With VANE, the DoD seeks to enhance the evaluation of complex multi-domain environments, which is essential for both military and government functions.
BigBear.ai marked a significant achievement with the VANE system when it earned &#8220;awardable&#8221; status on the CDAO Tradewinds Solutions Marketplace in April 2024.
Advancing to a fully operational prototype represents an important step in expanding the technology&#8217;s application within defense operations.
The contract features a transition plan to integrate VANE into the CDAO&#8217;s Advana platform, allowing its deployment across additional DoD agencies and Combatant Commands.
This partnership represents a key advancement in utilizing AI for defense, offering essential assistance in enhancing national security.
Price Action: BBAI shares are trading higher by 36.9% at $6.72 at the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/02/43496299/toyota-to-open-new-ev-production-facility-in-shanghai" target="_blank" rel="noreferrer noopener">Toyota To Open New EV Production Facility In Shanghai</a></li>
</ul>
Image via Shutterstock.

Equities

Contracts

Movers

Trading Ideas

General

BBAI

BigBear.ai Pockets DoD Contract To Advance AI-Powered Threat Detection System, Stock Skyrockets

Piper Sandler analyst James Callahan initiates coverage on Opera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRA#NASDAQ">OPRA</a>) with a Overweight rating and announces Price Target of $25.

Initiation

OPRA

Piper Sandler Initiates Coverage On Opera with Overweight Rating, Announces Price Target of $25

The <a href="https://www.benzinga.com/top-stories/25/01/43110946/sec-launches-crypto-task-force-to-establish-clear-regulatory-framework">Securities and Exchange Commissio</a>n is undergoing what appears to be a significant strategic overhaul regarding its oversight of the cryptocurrency sector.
This transformation is marked by key personnel changes that hint at a move away from an enforcement-heavy approach towards a more collaborative and structured regulatory landscape. 
What Happened: Indicating this change is the reassignment of Jorge Tenreiro, a leading SEC attorney who previously spearheaded several major legal battles against cryptocurrency exchanges and platforms, <a href="https://www.wsj.com/articles/crypto-industry-looks-to-new-sec-task-force-for-quick-action-in-its-favor-6e142f26">according</a> to The Wall Street Journal.
His work was considered vital in establishing the SEC's jurisdiction over this often volatile and still relatively new market. 
Tenreiro&#8217;s new assignment is as staff for key IT and technology resources. 
Another <a href="https://www.wsj.com/finance/currencies/sec-ousts-top-litigator-who-battled-with-crypto-giants-558548a8">transfer</a> was seen of Senior SEC lawyer, Natasha Guinan.
These adjustments follow the prior month's formation of a new task force, which is now focused on developing a comprehensive regulatory approach for crypto. The shift has been well by the industry.
The cryptocurrency industry is cautiously optimistic about these developments, expressing hope that this signifies a departure from what it viewed as a punitive enforcement-focused strategy of the previous administration. 
Experts are eager to find whether this is a new shift.
Jason Gottlieb, a defense attorney who has opposed the SEC in court, believes that there will be a change and the recent movements are positive.
Cryptocurrency groups have said what&#8217;s needed are just several specific guidelines and actions that can be taken to assist. 
Kristin Smith, who is the chief executive of a very big blockchain group, said there are new opportunities.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43494611/bitcoin-to-reach-500000-before-trump-leaves-office-standard-chartered">Bitcoin To Reach $500,000 Before Trump Leaves Office: Standard Chartered</a>
Why It Matters: With more details released it should become clear as to the path forward for the space as a whole.
Venture-capital firm A16z Crypto is urging the SEC to permit traditional brokerage firms to engage in cryptocurrency transactions, for example. 
Allowing those actions would push forward cryptocurrency in a different direction and in a new dimension. 
The firm also recommends tailored requirements for broker-dealers to list crypto assets.
There have also been recommendations and comments on how to best move forward. 
J.W. Verret, a professor and former member of the SEC investor advisory committee, hopes the SEC can provide greater clarity by issuing guidelines on when cryptocurrencies or other actions should be regulated. 
That said, there&#8217;s a hope of a better framework going forward.
These developments indicate a more receptive environment for the crypto industry. What all that means is that we are now in the unknown territory for crypto and what that does in terms of price in the long term. 
Whether the SEC will have a more balanced and more effective approach, we will see what these changes are to ensure innovation, security and protections.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43492011/exclusive-crypto-czar-charm-offensive-welcomed-but-experts-wonder-will-us-policy-deliver">EXCLUSIVE: &#8216;Crypto Czar&#8217; Charm Offensive Welcomed, But Experts Wonder: Will US Policy Deliver?</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Is The SEC 'Making Peace' With Crypto? The Key Personnel Shifts Hinting At Why This May Be The Case

Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) has outperformed the market over the past 10 years by 9.36% on an annualized basis producing an average annual return of 20.62%. Currently, Intuit has a market capitalization of $162.66 billion. 
Buying $100 In INTU: If an investor had bought $100 of INTU stock 10 years ago, it would be worth $661.54 today based on a price of $581.10 for INTU at the time of writing.
<h3>Intuit's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738773013_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

INTU

$100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

In the current session, the stock is trading at $48.21, after a 0.52% increase. Over the past month, Baker Hughes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) stock increased by 11.19%, and in the past year, by 64.73%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2025/1738773010_0.png" alt="Past Year Chart" />

<h3>How Does Baker Hughes P/E Compare to Other Companies?</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Baker Hughes has a lower P/E than the aggregate P/E of 37.96 of the Energy Equipment &amp; Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1738773010_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

Price Over Earnings Overview: Baker Hughes

Shares of Information Technology company, Supermicro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), are trading <a href="https://www.benzinga.com/movers">higher on Wednesday</a>.
The company has launched its fully available AI data center Building Block Solutions, utilizing the NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell platform.
This new solution delivers scalable, high-performance infrastructure <a href="https://www.benzinga.com/pressreleases/25/02/n43494994/supermicro-ramps-full-production-of-nvidia-blackwell-rack-scale-solutions-with-nvidia-hgx-b200">crucial for AI/ML, HPC, and cloud applications</a>. The systems comes in both air-cooled and liquid-cooled versions, with various CPU choices, all engineered for rapid deployment.
The enhanced portfolio now features systems equipped with advanced thermal technologies, including liquid-to-liquid (L2L) and liquid-to-air (L2A) cooling. These improvements is expected to boost both performance and energy efficiency. 
&#8220;In this transformative moment of AI, where scaling laws are pushing the limits of data center capabilities, our latest NVIDIA Blackwell-powered solutions, developed through close collaboration with NVIDIA, deliver outstanding computational power,&#8221; said CEO Charles Liang.
Supermicro has prioritized enhancing its system cooling performance with the introduction of the NVIDIA HGX B200 8-GPU systems. 
These feature advanced liquid and air cooling technologies, including new cold plates and a 250kW coolant distribution unit (CDU), which more than doubles the cooling capacity. 
Offered in 42U, 48U, or 52U configurations, these systems can accommodate up to 96 GPUs within a single rack, meeting the high demands of AI data centers.
For extensive deployments, Supermicro&#8217;s newly developed SuperCluster solution incorporates NVIDIA Quantum-2 InfiniBand or NVIDIA Spectrum-X Ethernet networking, enabling support for up to 768 GPUs across nine racks. 
This configuration, along with the powerful NVIDIA AI Enterprise software, facilitates the rapid development and deployment of production-ready AI systems. 
The infrastructure is backed by global support, with production plants in San Jose, Europe, and Asia, ensuring prompt delivery and consistent quality control.
Price Action: SMCI shares are trading higher by 8.3% at $31.59 at last check Wednesday.
Read Next: 
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</ul>
Photo: Shutterstock

NVDA

SMCI

What's Going On With AI Infrastructure Provider Supermicro's Stock Today?

Oppenheimer analyst Rupesh Parikh maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Outperform and raises the price target from $100 to $110.

Oppenheimer Maintains Outperform on Walmart, Raises Price Target to $110

Workday Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares are trading higher Wednesday after the company announced plans to cut its workforce by 8.5% to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43494592/jpmorgan-picks-winners-losers-after-deepseek-debut-how-alphabet-amazon-intel-and-oracle-rank">lean further into AI</a>.
What To Know: Workday announced a restructuring plan aimed at prioritizing investments and the human capital management&nbsp;company&#8217;s ongoing focus on durable growth. 
Workday said it will cut approximately 1,750 positions, or 8.5% of its workforce, and exit some of its office space. 
In a note to Workday employees, CEO Carl Eschenbach explained that the move is part of the company&#8217;s push to use AI to drive a &#8220;new era of growth.&#8221; Increasing AI demand has created a &#8220;massive opportunity&#8221; for Workday, Eschenbach said.
&#8220;We have so much opportunity ahead of us, especially with the potential of AI, and we have a strong foundation to build upon,&#8221; the Workday CEO said. 
See Also: <a href="https://www.benzinga.com/25/02/43494650/disney-q1-earnings-powered-by-moana-2-and-mufasa-theme-parks-loses-streaming-subscribers">Disney Q1 Earnings: Revenue And EPS Beat, Moana 2 and Mufasa Power Operating Income, 700K Drop In Streaming Subscribers</a>
Workday said it expects to incur approximately $230 million to $270 million in charges in connection with the restructuring plan. Approximately $60 million to $70 million of the charges are expected to be recognized in the fourth quarter. The remainder is expected to be recognized in the first quarter. The plan is expected to be substantially complete by the second quarter. 
Workday also announced that it will report financial results for the fourth quarter on Feb. 25. The company said it expects fourth-quarter results to be in line with or above the guidance provided last quarter. 
Analysts currently expect the company to report earnings of $1.77 per share and revenue of $2.18 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
WDAY Price Action: <a href="http://benzinga.com/quote/wday">Workday shares</a> were up 3.14% at $267.89 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

WDAY

Why Workday Stock Is Rising Wednesday

Oppenheimer analyst Shaul Eyal maintains CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Outperform and raises the price target from $360 to $420.

CYBR

Oppenheimer Maintains Outperform on CyberArk Software, Raises Price Target to $420

U.S. stocks were mostly lower, with the Nasdaq Composite falling around 100 points on Wednesday.
Shares of Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter EPS results. B of A Securities raised its price target on the stock <a href="https://www.benzinga.com/25/02/43492624/electronic-arts-sees-strong-q3-earnings-boosted-by-ea-sports-fc-success-25-billion-shareholder-return-plan">from $130 to $132</a>.
Electronic Arts posted net bookings of $2.215 billion and GAAP earnings of $1.11 per share, beating estimates of $1.07 per share.
Electronic Arts shares jumped 5.4% to $127.83 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>BigBear.ai Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) shares surged 33.99% to $6.58. BigBear.ai won Department of Defense contract to prototype near-peer adversary geopolitical risk analysis for Chief Digital and Artificial Intelligence Office.</li>
<li>Criteo SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRTO#NASDAQ">CRTO</a>) shares jumped 20% to $46.06 following better-than-expected fourth-quarter reported financial results and an increase in its share buyback authorization program.</li>
<li>Mercury Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>) gained 19% to $49.68 after the company reported better-than-expected quarterly financial results.</li>
<li>Tilray Brands Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) gained 17% to $1.16.</li>
<li>SSR Mining Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#NASDAQ">SSRM</a>) gained 16.8% to $9.57 after RBC Capital upgraded the stock from Underperform to Sector Perform and raised its price target from $5.5 to $8.</li>
<li>Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) rose 12.7% to $20.37 following better-than-expected fourth-quarter financial results. Jefferies upgraded the stock from Hold to Buy following the report.</li>
<li>Embraer SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) gained 11.6% to $44.48 after its executive jets subsidiary announced a purchase agreement with Flexjet in which it secured a $7 billion order.</li>
<li>Johnson Controls International PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) gained 11.2% to $85.97 after the company reported better-than-expected first-quarter financial results and FY25 outlook. They also appointed Joakim Weidemanis as next CEO.</li>
<li>Mueller Water Products Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) gained 10.8% to $25.60 following better-than-expected quarterly reported financial results. Additionally, the company raised its FY25 adjusted EBITDA guidance and issued FY25 revenue guidance above estimates.</li>
<li>Champion Homes Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKY#NYSE">SKY</a>) gained 9.5% to $101.61 after the company reported better-than-expected quarterly financial results.</li>
<li>Tempus AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) rose 8.7% to $67.21 after TD Cowen reinstated a Buy rating on the stock and announced a price target of $74.</li>
<li>Bloom Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) gained 8.2% to $25.02.</li>
<li>GSK plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) gained 7.8% to $37.52 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Fiserv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) shares surged 7.1% to $229.37 following better-than-expected quarterly reported financial results.</li>
<li>Powell Industries Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) gained 5.8% to $246.82. Powell Industries raised its quarterly dividend to $0.2675 per share.</li>
<li>BioNTech SE – ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) rose 5.7% to $123.76.</li>
<li>Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) gained 3.8% to $194.68 after the company reported a year-over-year increase in third-quarter financial results and issued FY25 guidance above estimates.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43460681/jim-cramer-says-no-to-bigbear-ai-recommends-buying-this-tech-stock">Jim Cramer Says No To BigBear.ai, Recommends Buying This Tech Stock</a></li>
</ul>

BNTX

CRTO

Embraer-Empresa Brasileira De Aeronautica

MRCY

POWL

SSRM

TLRY

Electronic Arts Posts Upbeat Earnings, Joins Mattel, Johnson Controls, Mueller Water Products And Other Big Stocks Moving Higher On Wednesday

Oppenheimer analyst Colin Rusch maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Outperform and raises the price target from $101 to $103.

ENPH

Oppenheimer Maintains Outperform on Enphase Energy, Raises Price Target to $103

Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43490369/old-dominion-freight-line-reports-fourth-quarter-2024-earnings-per-diluted-share-of-1-23" rel="noreferrer noopener">higher following&nbsp;fourth-quarter&nbsp;results</a>.
Here&#8217;s a breakdown of what the company reported: 
<ul>
<li>Revenue declined 7.3% year-over-year (Y/Y) to $1.386 billion, beating the consensus of $1.379 billion.</li>
<li>There was an 8.2% decrease in LTL tons per day, a 7.6% drop in LTL shipments per day and a 0.7% reduction in LTL weight per shipment.</li>
<li>LTL revenue per hundredweight, excluding fuel surcharges, rose&nbsp;3.8%&nbsp;in the quarter.</li>
<li>EPS was&nbsp;$1.23,<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">&nbsp;beating the consensus of&nbsp;$1.18.</a></li>
<li>Operating income fell 20.7% to $334 million, with an operating ratio of 75.9%, compared to 71.8% a year ago.</li>
<li>Old Dominion's operating cash flow was&nbsp;$401.1&nbsp;million for the&nbsp;fourth quarter and&nbsp;$1.7&nbsp;billion for the year.</li>
<li>As of Dec. 31, the company had $108.7 million in cash and equivalents. </li>
<li>Capital expenditures stood at $170.9 million in the quarter.</li>
<li>Roughly $967.3 million was spent on share repurchases, including a $200 million accelerated program, and $223.6 million in dividends.</li>
</ul>
Dividend Raise: The Old Dominion board declared a first-quarter dividend of $0.28 per share, payable on March 19, 2025, to shareholders on record as of March 5.
Adjusted for the March 2024 stock split, this marks a 7.7% increase from the first quarter of 2024.
Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, &#8220;The challenging macroeconomic environment over the past couple of years has created persistent demand headwinds for our business. &#8221;
&#8221;&#8230;..we are confident that Old Dominion&#8217;s unmatched value proposition makes us the best-positioned carrier to win market share once a positive inflection in industry demand occurs.&#8221;
Investors can gain exposure to the stock via&nbsp;First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Pacer Funds Pacer Industrials and Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHPP#NYSE">SHPP</a>).
Price Action: Old Dominion shares are up 7.17% at $196.85 at the last check Wednesday.
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