Sunday, March 2, 2025

Week in Review 9/25



 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.



Received Dividends:



February 24, 2025


  • €88.95 – Royal Bank of Canada (RY)


February 27, 2025


  • €424.46 – Avance Gas Holding Ltd (AVANCE)


February 28, 2025


  • €21.77 – Starbucks Corporation (SBUX)
  • €13.57 – LTC Properties, Inc. (LTC)


Week 9: Total net dividends €548.75


Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.



Portfolio Holdings News:



February 24, 2025



  • Air Products and Chemicals, Inc. (APD) to Exit Three U.S.-Based Projects; APD announced its decision to exit three projects in the U.S. As a result, Air Products expects to record a pre-tax charge not to exceed $3.1 billion in its fiscal 2025 second quarter, primarily to write down assets and terminate contractual commitments. The estimated charge, which will not impact adjusted earnings per share for fiscal 2025.




February 25, 2025



  • Orion Corporation (ORION) Financial Statement Release January–December 2024; ORION reported Q4 EPS of €0.52, which missed analyst estimates by €0.12 and showed a 2.5% decline year-over-year. However, turnover increased to €434.4 million from €321.1 million, aligning with analyst expectations. The Board of Directors has proposed a dividend of €1.64 per share, slightly up from €1.62 last year. Management guides net sales to be €1,550 million to €1,650 million and operating profit is estimated to be €350 million to €450 million.


  • Pinnacle West Capital Corporation (PNW) Reports 2024 Full-Year and Fourth-Quarter Results; PNW reported GAAP EPS of -$0.06, beating analyst estimates by $0.09. Revenue of $1.1 billion beats analyst estimates by $40 million and increased 10.9% versus the same quarter last year. For 2025, Management continues to estimate its consolidated earnings will be within a range of $4.40 to $4.60 per diluted share on a weather-normalized basis and long-term EPS growth guidance remains at 5%-7%.


  • The Home Depot, Inc. (HD) Announces Fourth Quarter and Fiscal 2024 Results; HD reported Non-GAAP EPS of $3.13, up 9.4% versus prior year and C$0.09 ahead of estimates. Revenues grew by 14.1% to $39.7 billion, beating estimates by $630 million. For fiscal 2025 Management guides total sales growth of approximately 2.8% and adjusted diluted earnings-per-share to decline approximately 2% from $15.24 in fiscal 2024.


  • The Home Depot, Inc. (HD) Increases Quarterly Dividend; HD announced that its board of directors approved a 2.2% increase in its quarterly dividend to $2.30 per share, which equates to an annual dividend of $9.20 per share. The dividend is payable on March 27, 2025, to shareholders of record on the close of business on March 13, 2025.


  • Kontoor Brands, Inc. (KTB) Reports 2024 Fourth Quarter and Full Year Results; KTB reports Q4 Non-GAAP EPS of $1.38, beating analyst estimates by $0.03 and increasing 2% year-over-year. Revenue grew 4.3% to $699 million, topping estimates by $0.93 million. For full year 2025 Management guides revenue to be in the range of $2.63 billion to $2.69 billion, representing an increase of 1 percent to 3 percent compared to prior year and adjusted EPS expected to be in the range of $5.20 to $5.30, representing an increase of 6 percent to 8 percent compared to prior year on an adjusted basis.


  • The Bank of Nova Scotia (BNS) Reports First Quarter Results; BNS reports first quarter Non-GAAP EPS of C$1.76, 4.1% above from last year and C$0.09 more than expected. Revenue grew 11.2% to C$9.37 billion, beating analyst estimates by C$500 million. Common equity tier 1 capital ratio of 12.9% vs. 13.1% in the prior quarter and 12.9% in the year-ago period. Q1 provision for credit losses was $1,162 million, compared to $1,030 million a year ago.


February 26, 2025


  • Essential Utilities, Inc. (WTRG) Reports Financial Results for Full Year 2024; WTRG reported Q4 GAAP EPS of $0.67, up 34% versus prior yea and $0.01 above estimates. Revenue of $604.38 million misses analyst estimates by $38.8 million but increased 26.1% versus the same quarter last year. Management guides 2025 diluted earnings per share guidance range of $2.07 to $2.11 and grow long-term earnings per share at a compounded annual growth rate of 5 to 7% from the adjusted 2024 earnings per share of $1.97 (Non-GAAP) for the three-year period through 2027.



  • Lockheed Martin Space (LMT) has been awarded a $211.74M modification to a U.S. Missile Defense Agency contract under a Foreign Military Sales case to the United Arab Emirates.


  • General Dynamics Corporation (GD) has been awarded a $654.67M cost-plus-fixed-fee U.S. Navy contract for Aircraft Carrier shipyard availabilities.


February 27, 2025


  • Edison International (EIX) Reports Fourth-Quarter and Full-Year 2024 Results; EIX reported Q4 core earnings of $1.05 per share, down from $1.28 per share a year earlier, while analysts expected EPS of $1.09. Reported FY24 Non-GAAP EPS of $4.93, missing estimates by $0.02. Revenue of $17.6 billion beats analyst estimates by $330 million and increased 7.7% versus last year. Management continued confidence in delivering 5-7% Core EPS growth from $5.84 (2025) to $6.74-$7.14 (2028).




  • Eaton Corporation plc (ETN) Increases Quarterly Dividend; The Board of Directors of ETN declared a quarterly dividend of $1.04 per ordinary share, an increase of 11% over its last quarterly dividend. The dividend is payable March 28, 2025, to shareholders of record at the close of business on March 10, 2025.



  • Main Street Capital Corporation (MAIN) Announces 2024 Fourth Quarter and Annual Results; MAIN reported Q4 NII of $1.02, reflecting a 5% decrease year-over-year and misses analyst expectations by $0.01. Total investment income of $140.44 million misses analyst estimates by $0.96 million but increased 8.6% versus the same quarter last year. Net asset value of $31.65 per share as of December 31, 2024, representing an increase of $1.08 per share, or 3.5%, compared to $30.57 per share as of September 30, 2024.



  • Royal Bank of Canada (RY) Reports First Quarter 2025 Results; RY reported quarterly adjusted EPS of C$3.62, higher than C$2.85 from the same period last year and beating analyst expectations of C$3.26. Revenue of C$16.74 billion, up 24.1% YoY, surpassing analyst estimates of C$15.60 billion. CET1 ratio of 13.2%, steady on the prior quarter. Provision for credit loss was lifted to C$1.05 billion from C$840 million the quarter before and C$813 million in the same period last year.


  • The Toronto-Dominion Bank (TD) Reports First Quarter 2025 Results; TD reported first quarter Non-GAAP EPS of C$2.02, 1% above last year's result and $0.06 more than expected. Revenue Increased 9.2% year-over-year to C$15.03 billion, exceeding estimates by C$1.82 billion. Common equity Tier 1 capital ratio stood at 13.1% at the end of January, unchanged compared with last quarter. PCL of C$1.21 billion, C$103 million higher than for the prior quarter and C$211 million above the same period last year.


  • Canadian Imperial Bank of Commerce (CM) Announces First Quarter 2025 Results; CM reported fiscal Q1 adjusted earnings of C$2.20 per diluted share, up from C$1.81 a year earlier, while mean expectation of analysts was CA$1.96. Revenue rose 17% to C$7.28 billion from a year ago, analysts expected C$6.86 billion. CET1 ratio was 13.5% at January 31, 2025, compared with 13.3% at the end of the prior quarter. Provision for credit losses were C$573M, up from C$483M in the prior three-month period and down $12 million from the same quarter last year.


  • Canadian Utilities Limited (TSE:CU) Reports 2024 Earnings; CU announced adjusted earnings in 2024 of C$647 million (C$2.38 per share), which were C$51 million (C$0.17 per share) higher compared to C$596 million (C$2.21 per share) in 2023. Fourth quarter Non-GAAP EPS of C$0.74, above analyst expectations of C$0.72 and reflecting a 4.2% year-over-year increase.



February 28, 2025




Articles that caught my attention:





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