Ultime notizie per Innovate (NYSE:VATE) Azioni

Innovate

Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.

Innovate Corp

Loop Capital analyst Garik Shmois downgrades Summit Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUM#NYSE">SUM</a>) from Buy to Hold and lowers the price target from $54 to $52.5.

News

Downgrades

Price Target

Analyst Ratings

Loop Capital Downgrades Summit Materials to Hold, Lowers Price Target to $52.5

Preliminary Fiscal Year 2025 Financial Guidance:
For fiscal year 2025, excluding the patch pump program, the Company expects:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Dollars in millions, except percentages and per share data</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Reported Revenues</td>
<td colspan="2">$1,093 - $1,110</td>
</tr>
<tr>
<td>Reported Revenue Growth (%)</td>
<td colspan="2">(2.7)% - (1.2)%</td>
</tr>
<tr>
<td>Impact of F/X (%)</td>
<td colspan="2">(0.6)%</td>
</tr>
<tr>
<td>Impact of Italian Payback Measure (1) (%)</td>
<td colspan="2">0.4%</td>
</tr>
<tr>
<td>Adjusted Constant Currency Revenue Growth (%)</td>
<td colspan="2">(2.5)% - (1.0)%</td>
</tr>
<tr>
<td>Adjusted Gross Margin (%)</td>
<td colspan="2">63.25% - 64.25%</td>
</tr>
<tr>
<td>Adjusted Operating Margin (%)</td>
<td colspan="2">29.00% - 30.00%</td>
</tr>
<tr>
<td>Adjusted Earnings per Diluted Share</td>
<td colspan="2">$2.70 - $2.90</td>
</tr>
<tr>
<td>Adjusted EBITDA Margin (%)</td>
<td colspan="2">35.50% - 36.50%</td>
</tr>
</tbody>
</table>
</figure>

Earnings

Guidance

Health Care

General

EMBC

Embecta Says For Fiscal Year 2025, Excluding The Patch Pump Program, Revenues Are Expected To Be $1.093B-$1.11B Vs. Consensus Of $1.12B, With Adjusted EPS Of $2.70-$2.90 Vs. Consensus Of $2.27

CGI Achieves Microsoft-Verified Managed XDR Solution Status, Enhancing Cybersecurity Services

<ul>
<li>Low single-digit decline in net sales year-over-year</li>
<li>Adjusted EBITDA in the range of $225 million to $235 million</li>
</ul>

AMWD

American Woodmark Projects FY25 Net Sales To Decline In Low Single Digits; Adjusted EBITDA Of $225M - $235M

<ul>
<li>The Company currently expects to incur total pre-tax charges of between $35 million and $45 million in fiscal year 2025 related to the restructuring plan, consisting of between $25 million and $30 million in pre-tax, cash charges for planned workforce reductions and other associated costs from the discontinuation of the patch pump program, and between $10 million and $15 million in pre-tax, non-cash charges for asset impairments and write-offs. Note, these preliminary estimates may be revised following the completion of the ongoing analysis of the expected additional pre-tax non-cash charges associated with the implementation of the restructuring plan.</li>
<li>The Company expects the restructuring plan to be substantially complete during the first half of fiscal year 2025 and expects the discontinuation of the patch pump program and organizational restructuring plan to generate annualized pre-tax cost savings of between $60 million and $65 million. Given the organizational restructuring plan, the Company has decided to postpone the previously announced Analyst &amp; Investor Day to Spring 2025.</li>
</ul>

Embecta To Discontinue Insulin Patch Pump Program And Initiate An Organizational Restructuring Plan

Buybacks

American Woodmark Board Approved An Additional $125M Authorization For Future Share Repurchases

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Cumulus Media Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMLS#NASDAQ">CMLS</a>)</h3>
<ul>
<li>On Nov. 1, Cumulus Media posted worse-than-expected third-quarter results. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, &#8220;During the third quarter, we delivered revenue and EBITDA in-line with pacing commentary and analyst estimates. Given the market challenges, we maintained our focus on what we can control. Specifically, we continued investing to drive growth in our digital businesses, including in digital marketing services which increased revenue nearly 40% in the quarter; capitalizing on areas of improvement in national and political ad spending; maximizing operating cash flow; and improving operating leverage through ongoing expense reductions.&#8221; The company's stock fell around 42% over the past month and has a <a href="https://www.benzinga.com/quote/CMLS">52-week low of $0.70</a>.</li>
<li>RSI Value: 25.88&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CMLS Price Action: Shares of Cumulus Media fell 3.3% to close at $0.70 on Monday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1">CMLS news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272.png" alt="" class="wp-image-665108" style="width:721px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272-768x711.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Beasley Broadcast Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>)</h3>
<ul>
<li>On Nov. 5, Beasley Broadcast Group reported a quarterly loss of $2.33 per share.  Caroline Beasley, Chief Executive Officer, said, &#8220;Beasley delivered third quarter net revenue of $58.2 million and same-station revenue growth of 0.5%, driven by strong political advertising revenue and a 11.7% increase in same-station digital revenue. The ongoing success of our digital transformation strategy continues to serve as an important offset to continued challenges in the audio advertising spot market.&#8221; The company's stock fell around 31% over the past month and <a href="https://www.benzinga.com/quote/BBGI">has a 52-week low</a> of $7.66.</li>
<li>RSI Value: 23.76</li>
<li>BBGI Price Action: Shares of Beasley Broadcast jumped 11.7% to close at $9.25 on Monday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1">trend in BBGI stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="826" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273.png" alt="" class="wp-image-665109" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273-768x699.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
<h3 class="wp-block-heading">Asset Entities Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>)</h3>
<ul>
<li>On Nov. 15, Asset Entities reported third-quarter revenues of $202,921, representing a year-over-year increase from $60,135. &#8220;We are thrilled to see the strong year-over-year growth in revenue, with our recent strategic acquisitions and partnerships,&#8221; stated CEO Arshia Sarkhani. &#8220;We are optimistic for what&#8217;s ahead, as we continue executing strategic acquisitions, growth initiatives, and further collaborations and partnerships.&#8221; The company's stock fell around 37% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ASST">low of $0.51.</a></li>
<li>RSI Value: 24.21</li>
<li>ASST Price Action: Shares of Asset Entities fell 9.9% to close at $0.58 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1">breakout in ASST shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274.png" alt="" class="wp-image-665111" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274-768x716.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/markets/24/11/42174548/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin">Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin</a></li>
</ul>

Long Ideas

Pre-Market Outlook

Markets

Trading Ideas

ASST

BBGI

CMLS

Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In November

Longbow Research analyst David Macgregor downgrades Summit Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUM#NYSE">SUM</a>) from Buy to Neutral.

Longbow Research Downgrades Summit Materials to Neutral

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates IN8bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INAB#NASDAQ">INAB</a>) with a Buy and announces $8 price target.

Reiteration

INAB

HC Wainwright & Co. Reiterates Buy on IN8bio, Announces $8 Price Target

American Woodmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMWD#NASDAQ">AMWD</a>) reported quarterly earnings of $2.08 per share which missed the analyst consensus estimate of $2.37 by 12.24 percent. This is a 11.86 percent decrease over earnings of $2.36 per share from the same period last year. The company reported quarterly sales of $452.50 million which missed the analyst consensus estimate of $458.29 million by 1.26 percent. This is a 4.51 percent decrease over sales of $473.87 million the same period last year.

Earnings Misses

American Woodmark Q2 Adj EPS $2.08 Misses $2.37 Estimate, Sales $452.50M Miss $458.29M Estimate

Embecta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.36 by 25 percent. The company reported quarterly sales of $286.10 million which beat the analyst consensus estimate of $277.00 million by 3.29 percent. This is a 1.49 percent increase over sales of $281.90 million the same period last year.

Embecta Q4 2024 Adj EPS $0.45 Beats $0.36 Estimate, Sales $286.10M Beat $277.00M Estimate

HC Wainwright &amp; Co. analyst Sean Lee reiterates Plus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTV#NASDAQ">PSTV</a>) with a Buy and announces $8 price target.

PSTV

HC Wainwright & Co. Reiterates Buy on Plus Therapeutics, Announces $8 Price Target

Jefferies analyst Yaron Kinar downgrades Everest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>) from Buy to Hold and raises the price target from $420 to $429.

Jefferies Downgrades Everest Group to Hold, Raises Price Target to $429

HTHT

H World Sees Q4 Revenue Growth Of 1%-5% YoY, And Also In The Range Of 1%-5% Excluding DH

DA Davidson analyst Kurt Yinger downgrades GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) from Buy to Neutral and announces $97 price target.

DA Davidson Downgrades GMS to Neutral, Announces $97 Price Target

Rumble Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) saw a 5.75% rise in pre-market trading on Tuesday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>, following the announcement of a new Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury strategy.&nbsp;
What Happened:&nbsp;According to an announcement made&nbsp;Monday, Rumble&#8217;s board has<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42179537/rumble-bets-on-bitcoin-with-new-treasury-strategy-ceo-calls-it-an-excellent-addition"> approved a plan</a> to invest a portion of its surplus cash reserves into Bitcoin, aligning with the cryptocurrency&#8217;s record-breaking performance.
Meanwhile, Bitcoin dropped to 92,325.34 during pre-market hours after failing to break the $100,000 level. 
The strategy involves potential&nbsp;investments of up to $20&nbsp;million, with the company having discretion over the timing and amount. This could translate to acquiring approximately 212 Bitcoins at current market prices. However, the management will determine the actual purchase based on market conditions and Bitcoin&#8217;s price.
This move is part of Rumble&#8217;s broader strategic initiative to explore the cryptocurrency market. The decision reflects a growing trend among companies to diversify their treasury holdings with digital assets, especially during periods of significant price movements in the crypto market.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/24/11/42152947/satellite-images-reveal-north-korea-reportedly-receiving-illicit-oil-from-russia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Satellite Images Reveal North Korea Reportedly Receiving Illicit Oil from Russia</a>
Why It Matters: Rumble&#8217;s decision to invest in Bitcoin is part of a broader strategy to expand its presence in the digital landscape. Recently, <a href="https://benzinga.com/24/11/42171771/why-rumble-stock-is-rising-monday-laser-focused-on-gaming-crypto-expansion">Rumble announced a partnership </a>with popular streamer Dr. Disrespect, who will provide exclusive content to Rumble Premium and lead Rumble Gaming as an advisor. This move underscores Rumble&#8217;s commitment to gaming and cryptocurrency expansion.
Meanwhile, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and some other companies that hold Bitcoin have <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42183963/microstrategy-coinbase-and-other-bitcoin-linked-stocks-tumble-as-btcs-march-to-100000-stalls">experienced a downward pull</a> after Bitcoin&#8217;s slump.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42152684/musk-tweet-sparks-dogecoin-surge-fuels-speculation-on-x-payments?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Tweet Sparks Dogecoin Surge, Fuels Speculation On X Payments</a></li>
</ul>
Image via Shutterstock

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

Cryptocurrency

Equities

$BTC

MARA

MSTR

Rumble Stock Rises In Tuesday Pre-Market After Adopting Bitcoin Treasury Strategy As BTC Retreats

H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) reported quarterly earnings of $0.61 per share which missed the analyst consensus estimate of $0.69 by 11.59 percent. This is a 5.17 percent increase over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $918.00 million which missed the analyst consensus estimate of $933.86 million by 1.70 percent. This is a 6.62 percent increase over sales of $861.00 million the same period last year.

H World Group Q3 Adj $0.61 Misses $0.69 Estimate, Sales $918.00M Miss $933.86M Estimate

DA Davidson analyst Jeff Rulis upgrades First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) from Neutral to Buy and raises the price target from $32 to $42.

Upgrades

FIBK

DA Davidson Upgrades First Interstate BancSys to Buy, Raises Price Target to $42

HC Wainwright &amp; Co. analyst Andres Maldonado maintains Scholar Rock Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) with a Buy and raises the price target from $40 to $50.

SRRK

HC Wainwright & Co. Maintains Buy on Scholar Rock Holding, Raises Price Target to $50

POWW

AMMO Receives Deficiency Notice For Late Form 10-Q Filing

INNOVATE Corp. 2024 Q2 - Results - Earnings Call Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Innovate (NYSE:<a href="https://investorplace.com/stock-quotes/vate-stock-quote/">VATE</a>) just reported results for the second quarter of 2024.<ul><li>Innovate reported earnings per share of 10 cents.</li><li>The company reported revenue of $313.10 million.</li><li>This was 26.20% better than the analyst estimate for revenue of $248.10 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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VATE Stock Earnings: Innovate Beats Revenue for Q2 2024

INNOVATE Corp. (VATE) Q2 2024 Earnings Call Transcript

Innovate Group regains NYSE minimum price compliance

Visa (V) is a global company leading in the consumer financial segment with a solid demand for its offerings, portfolio renovation, and strategic partnerships contributing to its continued growth. So, let's determine whether Visa (V) is a top financial stock to buy now. Read more to find out... Visa Inc. (<a href="https://stocknews.com/stock/V/">V</a>) is a global payment technology company. V operates VisaNet, a transaction processing network, and offers credit, debit, and prepaid card products, Visa Direct, Visa B2B Connect, Visa Cross-Border Solution, and Visa DPS. It reported solid third-quarter financial results with quarterly net revenue of $8.90 billion, indicating an increase of 9.9% from the prior year's quarter.
With digital technologies, modes of payment and transactions have also evolved, including digital payments and cashless transactions. <a href="https://www.statista.com/outlook/fmo/digital-payments/worldwide">Total transaction value</a> in the digital payments market is expected to reach $11.53 trillion in 2024 worldwide, whereas, in the <a href="https://www.statista.com/outlook/dmo/fintech/digital-payments/united-states">United States, the transaction value is projected to reach $3.07 trillion</a> and further grow at a CAGR of 10.7% to hit around $4.62 trillion by 2028.
Visa is efficiently leading this fast-paced development with its newly launched innovative product solutions and strategic partnership with industry leaders. Visa relaunched Visa SavingsEdge, aimed at delivering greater value to small businesses across the US and Canada. It announced a suite of new products and services for the Asia Pacific region and entered into technological collaboration with HSBC and Amazon.
On July 23, Visa's board of directors declared a quarterly cash dividend of $0.52 per share of class A common stock paid on September 3, 2024, to all holders of record as of August 9, 2024. It also repurchased 17.2 million shares of class A common stock at an average cost of $276.75 per share for $4.8 billion. At the end of the quarter, V had $18.9 billion as remaining authorized funds for share repurchases.
The company's payments volume increased 7%, while cross-border volume rose 14%, and processed transactions up 10%.
Ryan McInerney, Chief Executive Officer, Visa, commented, "During the quarter, we expanded our partnerships with many clients around the world and announced several innovations that will help drive the future of commerce."
Shares of V have surged 8.2% over the past month and 13.5% over the past year to close its last trading session at $279.37.
Let's look at factors that could influence V's performance in the upcoming months.
Positive Recent Developments
On July 9, V and HSBC announced a technological collaboration to launch Zing, HSBC's international money app that allows users to hold, send, and transact in multiple currencies. Zing leverages V's technology for features like low-cost currency exchange and real-time payments and empowers UK members with international money needs.
On June 27, V announced a collaboration with Amazon to offer Canadian consumers installment payment options to eligible RBC and Scotiabank credit card holders. The convenient payment feature allows customers to convert their Amazon purchases into smaller, fixed payments over time.
Also, on June 13, V relaunched Visa SavingsEdge to deliver greater value to small businesses across the US and Canada. With the latest enhancements, Visa SavingsEdge has introduced a more dynamic platform with new offerings and features designed to support smarter spending and saving.
Robust Financials
During the third quarter that ended on June 30, 2024, V's net revenue increased 9.9% year-over-year to $8.90 billion. The company's operating income grew 18.2% from the year-ago value to $5.94 billion. V's income before income taxes of $5.99 billion indicates growth of 16.4% year-over-year.
Further, the company's non-GAAP net income and non-GAAP EPS amounted to $4.91 billion and $2.42, up 9.1% and 12% from the prior year's quarter, respectively.
Also, as of June 30, 2024, the company's total assets stood at $91.04 billion, up from total assets of $90.50 billion as of September 30, 2023.
Solid Historical Growth
V's revenue and <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> have grown at respective CAGRs of 15.5% and 16.4% over the past three years. The company's EBIT has increased at a CAGR of 16.8% over the same timeframe, while its net income and EPS have improved at CAGRs of 20.7% and 23.6%, respectively.
Furthermore, the company's total assets and levered free cash flow have improved at respective CAGRs of 3.3% and 13.6% over the past three years.
Favorable Analyst Estimates
Analysts expect V's revenue for the fourth quarter (ending September 2024) to grow 10.1% year-over-year to $9.48 billion. The consensus EPS estimate of $2.58 for the same period indicates a 10.6% year-over-year improvement. Also, V has an impressive earnings surprise history, having topped consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending September 2024, the company's revenue and EPS are expected to grow 9.6% and 13.1% year-over-year to $35.80 billion and $9.92, respectively. Additionally, Street expects its revenue and EPS for the fiscal year 2025 to increase 9.9% and 11.6% year-over-year to $39.34 billion and $11.07, respectively.
High Profitability
V's trailing-12-month gross profit margin and EBITDA margin of 97.80% and 69.83% are 61.6% and 210.2% higher than the respective industry averages of 60.51% and 22.51%. Its trailing-12-month net income margin of 54.72% is considerably higher than the industry average of 22.43%. Similarly, the stock's trailing-12-month levered FCF margin of 42.09% is 135.5% higher than the industry average of 17.87%.
Furthermore, V's trailing-12-month ROCE, ROTC, and ROTA of 49.85%, 24.38%, and 20.99% are favorably compared to the industry averages of 10.32%, 6.91%, and 1.05%, respectively.
POWR Ratings Reflect Promise
V's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. V has a B grade for Quality, in sync with its higher-than-industry profitability.
Furthermore, the stock also has a B grade for Stability, in sync with its beta of 0.89.
V is ranked #8 in the 47-stock <a href="https://stocknews.com/category/consumer-finance/">Consumer Financial Services</a> industry.
Beyond what I have stated above, we have also given V grades for Sentiment, Value, Momentum, and Growth. Get access to all the V Ratings <a href="https://stocknews.com/stock/V/">here</a>.
Bottom Line
Visa is a leading payment technology company that is maintaining its leadership position with innovative solutions and technological collaborations and rebranding its product offerings. Also, the company's long-term prospects are fueled by its robust growth trajectory, broadening operations, and strong financial performance.
Given V's outstanding financials, accelerating profitability, reliable dividends, and promising growth outlook, V could be an ideal buy for solid returns.
How Does Visa Inc. (V) Stack Up Against Its Peers?
While V has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/consumer-finance/">Consumer Financial Services</a> industry with A (Strong Buy) or B (Buy) ratings: Regional Management Corp. (<a href="https://stocknews.com/stock/RM/">RM</a>), Atlanticus Holdings Corporation (<a href="https://stocknews.com/stock/ATLC/">ATLC</a>), and INNOVATE Corp. (<a href="https://stocknews.com/stock/VATE/">VATE</a>).
For exploring more A and B-rated consumer financial stocks, <a href="https://stocknews.com/category/consumer-finance/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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V shares were unchanged in premarket trading Tuesday. Year-to-date, V has gained 10.33%, versus a 15.69% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/v-rm-atlc-vate-is-visa-a-top-financial-stock-to-buy-now/>Is Visa a Top Financial Stock to Buy Now?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Visa a Top Financial Stock to Buy Now?

Visa (V) is a global company leading in the consumer financial segment with a solid demand for its offerings, portfolio renovation, and strategic partnerships contributing to its continued growth. So, let's determine whether Visa (V) is the right investment now. Read more to find out... Visa Inc. (<a href="https://stocknews.com/stock/V/">V</a>) is a global payment technology company. V operates VisaNet, a transaction processing network, and offers credit, debit, and prepaid card products, Visa Direct, Visa B2B Connect, Visa Cross-Border Solution, and Visa DPS. It reported solid third-quarter financial results with quarterly net revenue of $8.90 billion, indicating an increase of 9.9% from the prior year's quarter.
With digital technologies, modes of payment and transactions have also evolved, including digital payments and cashless transactions. <a href="https://www.statista.com/outlook/fmo/digital-payments/worldwide">Total transaction value</a> in the digital payments market is expected to reach $11.53 trillion in 2024 worldwide, whereas, in the <a href="https://www.statista.com/outlook/dmo/fintech/digital-payments/united-states">United States, the transaction value is projected to reach $3.07 trillion</a> and further grow at a CAGR of 10.7% to hit around $4.62 trillion by 2028.
Visa is efficiently leading this fast-paced development with its newly launched innovative product solutions and strategic partnership with industry leaders. Visa relaunched Visa SavingsEdge, aimed at delivering greater value to small businesses across the US and Canada. It announced a suite of new products and services for the Asia Pacific region and entered into technological collaboration with HSBC and Amazon.
On July 23, Visa's board of directors declared a quarterly cash dividend of $0.52 per share of class A common stock paid on September 3, 2024, to all holders of record as of August 9, 2024. It also repurchased 17.2 million shares of class A common stock at an average cost of $276.75 per share for $4.8 billion. At the end of the quarter, V had $18.9 billion as remaining authorized funds for share repurchases.
The company's payments volume increased 7%, while cross-border volume rose 14%, and processed transactions up 10%.
Ryan McInerney, Chief Executive Officer, Visa, commented, "During the quarter, we expanded our partnerships with many clients around the world and announced several innovations that will help drive the future of commerce."
Shares of V have surged 10% over the past month and 15.5% over the past year to close its last trading session at $285.61.
Let's look at factors that could influence V's performance in the upcoming months.
Positive Recent Developments
On July 9, V and HSBC announced a technological collaboration to launch Zing, HSBC's international money app that allows users to hold, send, and transact in multiple currencies. Zing leverages V's technology for features like low-cost currency exchange and real-time payments and empowers UK members with international money needs.
On June 27, V announced a collaboration with Amazon to offer Canadian consumers installment payment options to eligible RBC and Scotiabank credit card holders. The convenient payment feature allows customers to convert their Amazon purchases into smaller, fixed payments over time.
Also, on June 13, V relaunched Visa SavingsEdge to deliver greater value to small businesses across the US and Canada. With the latest enhancements, Visa SavingsEdge has introduced a more dynamic platform with new offerings and features designed to support smarter spending and saving.
Robust Financials
During the third quarter that ended on June 30, 2024, V's net revenue increased 9.9% year-over-year to $8.90 billion. The company's operating income grew 18.2% from the year-ago value to $5.94 billion. V's income before income taxes of $5.99 billion indicates growth of 16.4% year-over-year.
Further, the company's non-GAAP net income and non-GAAP EPS amounted to $4.91 billion and $2.42, up 9.1% and 12% from the prior year's quarter, respectively.
Also, as of June 30, 2024, the company's total assets stood at $91.04 billion, up from total assets of $90.50 billion as of September 30, 2023.
Solid Historical Growth
V's revenue and <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> have grown at respective CAGRs of 15.5% and 16.4% over the past three years. The company's EBIT has increased at a CAGR of 16.8% over the same timeframe, while its net income and EPS have improved at CAGRs of 20.7% and 23.6%, respectively.
Furthermore, the company's total assets and levered free cash flow have improved at respective CAGRs of 3.3% and 13.6% over the past three years.
Favorable Analyst Estimates
Analysts expect V's revenue for the fourth quarter (ending September 2024) to grow 10.1% year-over-year to $9.48 billion. The consensus EPS estimate of $2.58 for the same period indicates a 10.6% year-over-year improvement. Also, V has an impressive earnings surprise history, having topped consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending September 2024, the company's revenue and EPS are expected to grow 9.6% and 13.1% year-over-year to $35.80 billion and $9.92, respectively. Additionally, Street expects its revenue and EPS for the fiscal year 2025 to increase 9.9% and 11.6% year-over-year to $39.34 billion and $11.07, respectively.
High Profitability
V's trailing-12-month gross profit margin and EBITDA margin of 97.80% and 69.83% are 61.6% and 210.2% higher than the respective industry averages of 60.51% and 22.51%. Its trailing-12-month net income margin of 54.72% is considerably higher than the industry average of 22.43%. Similarly, the stock's trailing-12-month levered FCF margin of 42.09% is 135.5% higher than the industry average of 17.87%.
Furthermore, V's trailing-12-month ROCE, ROTC, and ROTA of 49.85%, 24.38%, and 20.99% are favorably compared to the industry averages of 10.32%, 6.91%, and 1.05%, respectively.
POWR Ratings Reflect Promise
V's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. V has a B grade for Quality, in sync with its higher-than-industry profitability.
Furthermore, the stock also has a B grade for Stability, in sync with its beta of 0.89.
V is ranked #12 in the 47-stock <a href="https://stocknews.com/category/consumer-finance/">Consumer Financial Services</a> industry.
Beyond what I have stated above, we have also given V grades for Sentiment, Value, Momentum, and Growth. Get access to all the V Ratings <a href="https://stocknews.com/stock/V/">here</a>.
Bottom Line
Visa is a leading payment technology company that is maintaining its leadership position with innovative solutions and technological collaborations and rebranding its product offerings. Also, the company's long-term prospects are fueled by its robust growth trajectory, broadening operations, and strong financial performance.
Given V's outstanding financials, accelerating profitability, reliable dividends, and promising growth outlook, V could be an ideal buy for solid returns.
How Does Visa Inc. (V) Stack Up Against Its Peers?
While V has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/consumer-finance/">Consumer Financial Services</a> industry with A (Strong Buy) or B (Buy) ratings: Regional Management Corp. (<a href="https://stocknews.com/stock/RM/">RM</a>), Atlanticus Holdings Corporation (<a href="https://stocknews.com/stock/ATLC/">ATLC</a>), and INNOVATE Corp. (<a href="https://stocknews.com/stock/VATE/">VATE</a>).
For exploring more A and B-rated consumer financial stocks, <a href="https://stocknews.com/category/consumer-finance/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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V shares were unchanged in premarket trading Tuesday. Year-to-date, V has gained 10.33%, versus a 15.69% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/v-rm-atlc-vate-is-visa-a-buy-as-digital-transactions-continue-to-soar/>Is Visa a Buy as Digital Transactions Continue to Soar?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Visa a Buy as Digital Transactions Continue to Soar?

Innovate GAAP EPS of -$1.18, revenue of $242.2M

INNOVATE Corp. (VATE) Q3 2024 Earnings Call Transcript

INNOVATE Corp. (VATE) is up 27.0%, or $1.30 to $6.12. Published first on TheFly – the ultimate source for real-time, market-moving breaking financi...

INNOVATE Corp. rises 27.0%

INNOVATE Corp. (VATE) is up 24.2%, or $1.17 to $5.99. Published first on TheFly – the ultimate source for real-time, market-moving breaking financi...

INNOVATE Corp. rises 24.2%

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