Brian Nelson

Adobe’s Outlook Falls Short of Expectations

by

Image Source: TradingView By Brian Nelson, CFA On March 12, Adobe (ADBE) reported better than expected first quarter fiscal 2025 results with both revenue and non-GAAP earnings per share coming in ahead of expectations. The company achieved record revenue in the fiscal first quarter, showcasing 10% year-over-year growth (11% in constant currency). Non-GAAP operating income and non-GAAP net income came in at $2.72 billion and $2.22 billion, respectively. In the quarter, the company reported record operating cash flows of $2.48 billion. Adobe repurchased approximately 7.0 million shares in the quarter. Management had the following to say about the quarter: Adobe’s success over the next decade will be driven by customer-focused innovation and new offerings for creators, marketing professionals, business professionals … Read more

FedEx Lowers Outlook Again

by

Image Source: TradingView By Brian Nelson, CFA On March 20, FedEx (FDX) reported mixed third quarter results for fiscal 2025, with revenue edging out the consensus forecast and non-GAAP earnings per share missing the mark. Revenue increased 2.3%, while operating income expanded to $1.29 billion from $1.24 billion in last year’s quarter. FedEx’s operating margin edged up to 5.8% from 5.7% in the year-ago quarter. Net income increased to $0.91 billion from $0.88 billion, while diluted earnings per share came in at $3.76 from $3.51 in last year’s quarter. Management had the following to say about the quarter: The FedEx team delivered improved profitability, while navigating a very challenging operating environment, including a compressed Peak season and severe weather events. … Read more

Dividend Increases/Decreases for the Week of March 28

by

Below we provide a list of firms that raised their dividends during the week ending March 28. 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                          Armanino Foods of Distinction (AMNF): now $0.0400 per share quarterly dividend, was $0.0363. BankUnited (BKU): now $0.31 per share quarterly dividend, was $0.29. BBVA Compass Bancshares (BBVA): now $0.4439 per share semi-annual dividend, was $0.3243. BRP (DOOO): now CAD 0.215 per share quarterly dividend, was CAD 0.210. Ermenegildo Zegna (ZGN): now EUR 0.12 per share dividend, was EUR 0.10. Hamilton REITs YIELD MAXIMIZER ETF … Read more

Nike Faces Continued Revenue Declines

by

Image: Nike’s shares remain under pressure. By Brian Nelson, CFA On March 20, Nike (NKE) reported better than expected third quarter fiscal 2025 results, but the firm’s outlook signaled continued difficulties. Third quarter revenues were down 9% on a reported basis and 7% on a currency-neutral basis. Nike Brand revenues fell 9% on a reported basis and 6% on a currency-neutral basis, as the firm faced declines in all geographies. Nike Direct revenues dropped 12% on a reported basis and 10% on a currency-neutral basis. Wholesale revenues fell 7% on a reported basis and 4% on a currency-neutral basis. Revenues for Converse dropped 18% on a reported basis and 16% on a currency-neutral basis.   Its gross margin tumbled 330 … Read more

Dividend Increases/Decreases for the Week of March 21

by

Below we provide a list of firms that raised their dividends during the week ending March 21. 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                          Africa Oil Corp. (AOIFF): now $0.0371 per share quarterly dividend, was $0.0250. AG Mortgage Investment Trust (MITT): now $0.20 per share quarterly dividend, was $0.19. Alvopetro Energy (ALVOF): now $0.10 per share quarterly dividend, was $0.09. Americold Realty Trust (COLD): now $0.23 per share quarterly dividend, was $0.22. Andlauer Healthcare Group (AND:CA): now CAD 0.12 per share quarterly dividend, was CAD 0.11. ArcelorMittal S.A. … Read more

Realty Income Has Raised Its Dividend 130 Times Since Listing on the NYSE in 1994

by

Image Source: Realty Income By Brian Nelson, CFA Realty Income (O) recently reported mixed fourth quarter results with the REIT’s top line exceeding the consensus forecast, but funds from operations coming up a little light. For the three months ended December 31, net income was $199.6 million, or $0.23 per share. Adjusted funds from operations (AFFO) per share increased 4%, to $1.05. In the quarter, Realty Income invested $1.7 billion at an initial weighted average cash yield of 7.1%. Net debt to annualized pro forma adjusted EBITDAre was 5.4x. Management was pleased with the report, as noted in the press release: I (Sumit Roy, Realty Income’s President and Chief Executive Officer) am pleased with our performance in 2024 as we … Read more

Dollar General’s Long-term Framework Looks Achievable

by

Image Source: TradingView By Brian Nelson, CFA On March 13, Dollar General (DG) reported mixed fourth quarter fiscal 2024 results with revenue outpacing the consensus forecast, but GAAP earnings per share coming up a bit light. Fourth quarter net sales advanced 4.5%, while same store sales increased 1.2% in the quarter, the latter better than the consensus estimate of 0.9%. Fourth quarter operating profit dropped 49.2% and fourth quarter diluted earnings per share dropped 52.5%, which included charges associated with its store portfolio review. Despite the mixed report, management was pleased with the results: We were pleased with the underlying performance of the business in the fourth quarter, including improved execution and solid top-line results. As we reflect on our … Read more

Dividend Increases/Decreases for the Week of March 14

by

Below we provide a list of firms that raised their dividends during the week ending March 14. 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                          Acer (ACEYY): now NT 1.70 per share annual dividend, was NT 1.60. Afya (AFYA): now R$1.348923 pare share dividend. Aker Carbon Capture (AKRCY): now NOK 4.82 per share dividend. Altius Minerals Corporation (ALS:CA): now CAD 0.09 per share quarterly dividend, was CAD 0.08. Annaly Capital Management (NLY): now $0.70 per share quarterly dividend, was $0.65. Applied Materials (AMAT): now $0.46 per share quarterly dividend, … Read more

Dick’s Sporting Goods Raises Quarterly Payout

by

Image Source: TradingView By Brian Nelson, CFA On March 11, Dick’s Sporting Goods (DKS) reported better than expected fourth quarter fiscal 2024 results, with both revenue and non-GAAP earnings per share outpacing the consensus forecasts. Net sales advanced 0.5% in the quarter on a year-over-year basis thanks in part to a 6.4% increase in comparable sales. Non-GAAP net income, however, fell 6% in the 13 weeks ended February 1, 2025. Non-GAAP earnings per share also dropped 6%. Management was upbeat in the press release: The convergence of sport and culture in our country has never been stronger, and with a series of major sporting events set to take place in the U.S., this momentum is only expected to grow through … Read more

Oracle Raises Dividend 25%

by

Image Source: TradingView By Brian Nelson, CFA Oracle (ORCL) reported third quarter fiscal 2025 results March 10 that missed the consensus estimates, but a strong Remaining Performance Obligation number and a dividend raise were enough for investors. Total revenue increased 6% in USD and 8% in constant currency for the fiscal third quarter. GAAP earnings per share advanced 20% year-over-year, while non-GAAP earnings per share increased 4%, to $1.47. Total Remaining Performance Obligations jumped 62% in USD (up 63% in constant currency), to $130 billion. Management was upbeat about its outlook: Oracle signed sales contracts for more than $48 billion in Q3. This record sales number pushed our Remaining Performance Obligations, or RPO, up 63% to over $130 billion. We … Read more