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Recent Articles
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RTX Ends Year with Record Backlog, Shares Yield ~2.4%
Apr 2, 2024
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Image Source: RTX.
With the Russia-Ukraine war and the Israel-Hamas wars still raging, geopolitical tensions continue to be elevated, playing into the hands of defense contracts such as RTX. With an attractive commercial portfolio to boot, RTX is poised to continue to capitalize on both original equipment and higher-margin after-market commercial aerospace sales, too. We’re fans of RTX, and the firm looks to be moving past a costly recall associated with its Pratt & Whitney geared turbofan engines. Shares yield ~2.4% at this time.
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Colgate-Palmolive Strong Pricing Expansion to Drive Base Business Earnings Expansion
Apr 1, 2024
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Image Source: Colgate-Palmolive.
Looking to the full year 2024, Colgate-Palmolive expects its net sales growth to come in the range of 1%-4%, and that includes a modest headwind from foreign exchange. Organic revenue growth is expected to be in its targeted range of 3%-5% for the year, and management expects gross margin expansion and a double-digit earnings-per-share increase on a GAAP basis. On a base business basis, the company is anticipating a mid- to high-single digit earnings per share increase. All things considered, we liked Colgate-Palmolive’s fourth quarter results, and the firm’s ~2.2% forward estimated dividend yield isn’t too shabby.
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Mondelez Expects Organic Growth to Slow in 2024
Apr 1, 2024
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Image Source: Mondelez.
Looking ahead to 2024, Mondelez expects organic net revenue growth of 3%-5%, high-single-digit adjusted earnings per share on a constant currency basis, and the company is looking to haul in free cash flow greater than $3.5 billion. The organic revenue growth outlook for 2024 is meaningfully below the 14.7% mark it put up in 2023, with management pointing to geopolitical uncertainty as the cause. Nonetheless, we’re huge fans of Mondelez’s collection of valuable brands, and its ~2.4% dividend yield is worth a look.
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Toll Brothers Notes Strong Start to Spring Selling Season
Mar 31, 2024
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Toll Brothers raised its full-year fiscal 2024 guidance across key metrics, and the company noted that it has seen a "marked increase in demand coinciding with the start of the spring selling season." Though we don’t include any homebuilder in the simulated newsletter portfolios, it’s good to see things are progressing well at Toll Brothers.
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