Exxon Mobil’s Shares Have Been Choppy of Late
June 25, 2025
Image: Exxon Mobil’s shares have been choppy of late. By Brian Nelson, CFA Exxon Mobil (XOM) recently reported mixed first quarter results with revenue coming in a bit light, but non-GAAP earnings beating the consensus forecast. Revenue edged up modestly to $83.13 billion from $83.08 billion in the quarter, while first quarter earnings came in at $7.7 billion, or $1.76 per share, beating consensus by $0.03. Earnings, however, declined from $8.22 billion in the year-ago period. Management had the following to say about the results: In this uncertain market, our shareholders can be confident in knowing that we’re built for this. The work we’ve done to transform our company over the past eight years positions us to excel in any
J.M. Smucker Sets Fiscal 2026 Earnings Outlook Below Consensus
June 22, 2025
Image: J.M. Smucker’s shares have been under pressure of late. By Brian Nelson, CFA J.M. Smucker (SJM) recently reported fourth quarter fiscal 2025 results with revenue missing the mark, while non-GAAP earnings per share beat expectations. In the quarter, net sales for the quarter excluding divestitures and foreign currency exchange fell 1%, while adjusted earnings per share came in at $2.31, better than $2.25 consensus but representing a decline of 13% versus the same period a year ago. Cash provided by operations for the quarter was $393.9 million compared to $428.1 million in the prior-year period. Free cash flow was $298.9 million for the quarter. Management had the following to say about the results: Our fourth quarter and full-year results
Realty Income’s Monthly Dividend Is Durable
June 21, 2025
Image Source: Realty Income By Brian Nelson, CFA Realty Income (O) recently reported mixed first quarter results that showed revenue beating the consensus estimate but funds from operations coming up a bit short relative to forecasts. Adjusted funds from operations increased 2.9%, to $1.06 per share, in the quarter, up from $1.03 per share in last year’s period, while the company invested $1.4 billion at an initial weighted average cash yield of 7.5% in the first quarter. Net debt to annualized proforma adjusted EBITDAre was 5.4x at the end of the quarter. Management had the following to say about the results: Realty Income’s ability to deliver reliable and stable performance through varying market conditions continues to be a hallmark of
Johnson & Johnson Remains an Innovation Powerhouse
June 21, 2025
Image Source: Johnson & Johnson By Brian Nelson, CFA Johnson & Johnson (JNJ) recently reported first quarter results that showed revenue and non-GAAP earnings per share exceeding the consensus forecast. First quarter reported sales growth was 2.4%, with operational growth of 4.2% and adjusted operational growth of 3.3%. First quarter earnings per share increased to $4.54, while adjusted earnings per share advanced 2.2%, to $2.77. Management had the following to say about the results: The power of Johnson & Johnson’s uniquely diversified portfolio was on full display this quarter, with strong operational sales growth reinforcing our confidence in 2025 guidance. During the quarter, we fortified our position as an innovation powerhouse with major advancements across our pipeline, including TREMFYA in
Dividend Increases/Decreases for the Week of June 20
June 20, 2025
Below we provide a list of firms that raised their dividends during the week ending June 20. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Acme United (ACU): now $0.16 per share quarterly dividend, was $0.15. AG Mortgage Investment Trust (MITT): now $0.21 per share quarterly dividend, was $0.20. Artis Real Estate Investment Trust PFD SER E (AX.PR.E:CA): now CAD 0.4498 per share quarterly dividend, was CAD 0.0450. ATN International (ATNI): now $0.275 per share quarterly dividend, was $0.240. Canlan Ice Sports (ICE:CA): now $0.50 per share special dividend,
Lennar Sees Softness in Housing Market
June 19, 2025
Image Source: TradingView By Brian Nelson, CFA On June 16, Lennar Corp. (LEN) reported mixed fiscal second quarter results with revenue beating the consensus forecast but non-GAAP earnings per share missing the consensus mark. Total revenues fell to $8.4 billion in the quarter from $8.8 billion in the year-ago period, while second quarter net earnings, excluding mark-to-market losses on technology investments were $499 million, or $1.90 per share, compared to $3.38 per share in the same period a year ago. Management had the following to say about the results: While we continue to see softness in the housing market due to affordability challenges and a decline in consumer confidence, we adhered to our strategy of driving starts, sales, and closings
Adobe Raises Guidance Due to AI Strength
June 19, 2025
Image: Adobe’s stock has been choppy the past few years. By Brian Nelson, CFA Adobe Inc. (ADBE) recently reported strong second quarter fiscal 2025 results. The company posted record revenue of $5.87 billion in the fiscal second quarter, representing 11% year-over-year growth in reported and in constant currency and better than the consensus forecast of $5.8 billion. Non-GAAP operating income was $2.67 billion, up from $2.44 billion in last year’s quarter, while non-GAAP net income was $2.17 billion, up from $2.02 billion in the same period a year ago. On a non-GAAP basis, diluted earnings per share was $5.06 versus $4.48 per share in last year’s period and better than the consensus forecast of $4.97 per share. Management had the
Dividend Increases/Decreases for the Week of June 13
June 13, 2025
Below we provide a list of firms that raised their dividends during the week ending June 13. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week AGNC Investment Corp. 6.5% DP SH PFD E (AGNCO): now $0.6013 per share quarterly dividend, was $0.5976. AGNC Investment Corp. 6.875 DEP REP D (AGNCM): now $0.5595 per share quarterly dividend, was $0.5563. AGNC Investment Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (AGNCN): now $0.6088 per share quarterly dividend, was $0.6050. AGNC INVT 1000 DR REP 1 SRS F PRF (AGNCP): now $0.5826 per
Oracle Expects Accelerated Growth in Fiscal 2026
June 12, 2025
Image: Oracle’s shares have broken out to new all-time highs. By Brian Nelson, CFA On June 11, Oracle (ORCL) reported better than expected fourth quarter fiscal 2025 results with revenue and non-GAAP earnings per share exceeding the consensus forecasts. Total revenue was up 11% in the quarter, while the company posted non-GAAP earnings per share of $1.70, up from $1.63 in last year’s quarter and better than the consensus forecast of $1.64. Non-GAAP operating income was $7.0 billion, up 5% in USD and up 4% in constant currency. Fourth quarter remaining performance obligations jumped 41%, to $138 billion. Operating cash flow was $20.8 billion during fiscal year 2025, up 12% in USD. Management had the following to say about the
Salesforce Raises Full Year Revenue Guidance, Announces Plans to Acquire Informatica
June 10, 2025
Image: Salesforce’s shares have been choppy the past few years. By Brian Nelson, CFA Salesforce (CRM) recently reported better than expected first quarter fiscal 2026 results with revenue and non-GAAP earnings per share exceeding the respective consensus forecasts. First quarter revenue was $9.8 billion, up 8% year-over-year, with current remaining performance obligations advancing 12% year-over-year (11% in constant currency), to $29.6 billion. First quarter GAAP operating margin was 19.8%, while non-GAAP operating margin came in at 32.3%. Non-GAAP diluted net income per share was $2.58 versus $2.44 in the same period last year. Management had the following to say about the quarter: We delivered strong Q1 results and are raising our guidance by $400 million to $41.3 billion at the
