Wells Fargo gave CEO Tim Sloan a 5 percent increase in total compensation even as the bank struggles to recover from a series of scandals.
They delivered an outstanding quarter with $10 million of revenue from a diverse range of customers and industries, $1.4 million of operating income and a nearly 20% EBITDA margin. The team has really gelled during the past year and despite a complex product mix is delivering consistent production, strong productivity, low waste and strong financial results. Broadwind's adjusted EBITDA was $1.7 million, a sharp improvement from the prior year when our tower plants were restarting, and Gearing was struggling with supply chain challenges.
Since the beginning of the year, the stock price for Moody's Corporation (NYSE: MCO) has appreciated almost 40%, an incredible rise for the credit ratings agency. When the company reported its first-quarter earnings last month, the results did little to slow Moody's momentum, even as revenue growth dropped. Moody's adjusted operating margin, one of its most important metrics, slightly decreased to 45.4%.
Gentherm's earnings results were released earlier this morning and a copy of the release is available at gentherm.com. Additionally, a webcast replay of today's call will be available later today on the Investor Relations section of Gentherm's website. Please see Gentherm's SEC filings, including the latest 10-K and subsequent reports for discussions of various risk factors and uncertainties underlying such forward-looking statements.
U.S. stocks ended a choppy session lower on Wednesday as investors reacted to the Federal Reserve's widely expected decision to keep interest rates on hold.
Apple shares gained almost 5% Wednesday, following the release of its earnings report Tuesday, with the company's current share price ?hovering around $210. If you invested in Apple AAPL 10 years ago, that decision would have paid off. "We believe Apple has locked up strong share of the premium tier market and will continue to dominate high-end smartphones sales and capture the vast majority of smartphone profits for the next several years," according to financial services firm Canaccord Genuity .
Today we will run through one way of estimating the intrinsic value of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by taking the foreast future cash flows of the company and discounting them back to today's value. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
Our calculations also showed that CENT isn't among the 30 most popular stocks among hedge funds. According to most market participants, hedge funds are viewed as underperforming, outdated financial tools of yesteryear. While there are over 8000 funds with their doors open today, Our experts look at the masters of this group, about 750 funds.
The Last 12 Months Of Insider Transactions At Neogen In the last twelve months, the biggest single sale by an insider was when the Executive Chairman, James Herbert, sold US$3.2m worth of shares at a price of US$83.52 per share. While we don't usually like to see insider selling, it's more concerning if the sales take price at a lower price. The silver lining is that this sell-down took place above the latest price (US$60.31).
For example, the WSP Global Inc. (TSE:WSP) share price is up 91% in the last 5 years, clearly besting than the market return of around 5.9% (ignoring dividends). In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
Zynga Inc on Wednesday forecast bookings above Wall Street expectations after beating first-quarter estimates, powered by demand for its games such as "CSR Racing 2", as well as acquired franchises like "Empires & Puzzles". Shares of the company rose about 11 percent to $6.11 in after-market trading, adding to the 40 percent gain this year. Zynga, once known for its Facebook-based desktop games such as "Farmville", has been focusing on mobile-centric games and on acquisitions of smaller studios such as Gram Games, Small Giant Games and the card and board games studio of Peak Games to power growth.
OXY) could face growing shareholder opposition to its proposed deal to buy (APC) in the wake of (BRKA)'s $10 billion investment in Occidental announced Tuesday. It's also possible that an activist investor in Occidental (ticker: OXY) could surface who would try to break up the deal or seek to put Occidental in play. Based on our conversations, we believe activists are buying, presumably to put Oxy in play itself,” Mizuho energy analyst Paul Sankey wrote In a note earlier this week.
Financial software provider SS&C Technologies offers a lesson on when to sell top stocks. The IBD 50 Stock To Watch dived more than 13% at Wednesday's open and then trimmed the loss to 11%. The company reported earnings of 91 cents a share, which represented a nearly 5% beat vs. the 87 cents expected.
And whether they were looking at GAAP sales or "adjusted revenue," Corning returned sales of either $2.81 billion or $2.85 billion. If you ask me, though, all those numbers look sufficiently similar that, even if Corning miss on revenue for the quarter, it did so by a mere whisker. Meanwhile, there's little argument that Corning did anything but thump analyst earnings estimates soundly, reporting pro forma profits of $0.40 per share, and GAAP profits of $0.55 per share, against Wall Street expectations for no more than $0.39.
Amarin Corporation plc?(NASDAQ: AMRN)?could be sitting on a goldmine with its cardiovascular drug Vascepa.?But how much gold did the drugmaker actually mine in the first quarter? Here's what you need to know from Amarin's quarterly update. Amarin announced Q1 revenue of $73.3 million, a 67% increase from the $43.9 million reported in the same quarter of the previous year.
Weighing on the beleaguered oilfield service company was its proposal to complete a reverse stock split to stay listed on the New York Stock Exchange (NYSE). So what Weatherford International's stock has done nothing but sink in recent years. Shares have plunged a sickening 84% over the past year due to concerns about its financial situation.
Eventbrite missed on the top and bottom lines. The company's stock price is below $18 per share, its lowest level since its initial public offering in September of 2018. Eventbrite also said it is looking for a new chief financial officer as its current CFO, Randy Befumo, will transition to the company's chief strategy officer.
The company reported fiscal third-quarter net losses of $227.9 million, or 22 cents a share, compared with losses of $240.6 million, or 10 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, and amortization, among other things, adjusted earnings from continuing operations were 20 cents a share, compared with 17 cents a share in the year-ago quarter. Revenue rose to $274.1 million from $225.2 million in the year-ago period.
That's more than 150% of the current stock price, a much higher figure than at (MMM) for instance, another industrial company whose stock has moved wildly. Shares of 3M (ticker: MMM) dropped 13%—the stock's biggest one-day decline since 1987—after the company reported disappointing results last month. Yet its trading range, from $219.75 to $176.87, equals only 23% of the stock's current price.
Amgen stock toppled to a year-low Wednesday after first-quarter competition snagged a key blockbuster drug and two new products lagged expectations. On the stock market today, shares of Amgen touched to their lowest point since mid-May 2018. During the first quarter, sales of migraine prevention drug Aimovig and cholesterol-lowering Repatha missed analyst estimates by 27% and 12%, respectively, Leerink analyst Geoffrey Porges said.
Shares of Transocean (NYSE: RIG) plunged nearly 10% by 3:30 p.m. EDT on Tuesday. Transocean hauled in $754 million of revenue during the first quarter. Despite that uptick in revenue, Transocean reported an adjusted loss of $181 million, or $0.30 per share.
Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you've got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the big brokerage houses don't follow. TowneBank (NASDAQ:TOWN) has experienced a decrease in hedge fund interest of late. Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices.
Efficient operations A good chunk of Wayfair's growth is essentially purchased through its digital marketing programs and competitive product pricing, which means investors need to follow metrics like advertising spending and gross profit margin to judge whether its market position is strengthening or weakening. Both numbers outperformed expectations last year as gross margin held steady at 24% of sales and advertising was flat at 11.5% of sales. The outlook for the first quarter isn't particularly bright, though, since seasonal trends tend to lift expenses while slowing revenue growth.
With a dividend increase this small and the intention to buy back shares prior to the 2020 hiatus, IBM won't raise its total dividend payments to shareholders by much. The company paid out about $5.68 billion over the past year in dividends; based on the current share count, which will likely decline throughout this year, IBM will pay $5.79 billion in dividends over the next year. That's up less than 2%.
The U.S. Federal Aviation Administration on Wednesday said it was mandating new flight control software and parts to Boeing Co's 787 Dreamliner to address what it called an unsafe operating condition of certain products on the plane. The FAA's airworthiness directive to plane operators makes compulsory changes Boeing outlined in service bulletins in 2017 and early 2018 for certain areas in 787's tire and wheel "threat zones" that may be susceptible to damage, the company said. Boeing's carbon composite 787, of which there are nearly 800 in service, mostly competes with European rival Airbus' A350.