===ADT (ADT ) reported earnings on Thur 27 Feb 25 (b/o)

 

 ADT reports EPS in-line, beats on revs; guides FY25 EPS in-line, revs in-line; announces new $500 mln share repurchase plan

• Reports Q4 (Dec) earnings of $0.20 per share, excluding non-recurring items, in-line with the two analyst estimate of $0.20; revenues rose 7.5% year/year to $1.26 bln vs the $1.23 bln single analyst estimate.
• Co issues in-line guidance for FY25, sees EPS of $0.77-0.85, excluding non-recurring items, vs. $0.81 two analyst estimate; sees FY25 revs of $5.025-5.225 bln vs. $5.04 bln two analyst estimate.
• On Feb. 27, 2025, the Company's Board of Directors announced a share repurchase plan. pursuant to which the Company is authorized to repurchase, through April 30, 2026, up to a maximum aggregate amount of $500 million of shares of Common Stock.

MetroCity Bankshares (MCBS) increases quarterly cash dividend to $0.23/share

MetroCity Bankshares increases quarterly cash dividend to $0.23/share from $0.20/share and announces the continuation of its share repurchase program 

• The Company approves the continuation of its share repurchase program that expired on September 30, 2024 and authorized the Company to repurchase up to 925,250 shares of the Company's outstanding shares of common stock, which is the number of remaining shares authorized for repurchase from the Prior Share Repurchase Plan.
• The share repurchase program will begin on October 17, 2024 and end on September 30, 2025.

Earnings Date	Oct 18, 2024
Forward Dividend & Yield	0.80 (2.58%)
Ex-Dividend Date	Jul 31, 2024

Dividend Payable Date    Aug 9, 2024

X: Oct 10, vol. 17K

 

 

 

==Opportunity Financial (OPFI) announces $0.12 per share special dividend, $20 million share repurchase program

OppFi Inc. announced that its Board of Directors has declared a $0.12 per share special dividend to be payable on May 1, 2024 to holders of record of the Company's Class A common stock as of the close of business on April 19, 2024. In addition, the Board authorized a new $20 million share repurchase program. The repurchase program will expire in April 2027.

-=BP p.l.c. (BP) reported earnings on Tue 6 Feb 24 (b/o)

 

BP beats by $0.11, misses on revs

• Reports Q4 (Dec) earnings of $1.07 per share, $0.11 better than the FactSet Consensus of $0.96; revenues fell 24.7% year/year to $52.14 bln vs the $53.14 bln FactSet Consensus.
  • Operating cash flow in the quarter of $9.4 billion includes a working capital* release (after adjusting for inventory holding losses, fair value accounting effects and other adjusting items) of $2.1 billion (see page 28).
  • Capital expenditure in the fourth quarter was $4.7 billion and total 2023 capital expenditure, including inorganic capital expenditure* was $16.3 billion.
  • Growing shareholder distributions: Dividend per ordinary share 7.270 cents per share +10% versus 4Q22; 4Q23 $1.75bn share buyback announced; committed to announcing $3.5bn share buyback for the first half of 2024

BP to commence share buyback of up to $1.75 bln

• BP p.l.c. announces that it is to commence a share buyback program to repurchase ordinary shares in the capital of the Company.
• The purpose of the Program is to reduce the issued share capital of the Company towards distributing 60% of surplus cash flow generated in 2023 as announced by the Company on 6 February 2024.
• The maximum amount allocated to the Program is around $1.75 billion for a period up to and including 3 May 2024.
  
• The Program will be carried out on the London Stock Exchange and/or Cboe (UK) and will be effected within certain pre-set parameters.

===Meta Platforms (META) reported earnings on Thur 1 Feb Jan 24 (a/h)

• #13, 31,  33, 50, 80, 93

Meta Platforms beats by $0.51, beats on revs; guides Q1 revs above consensus; FY24 total expense guidance unchanged at $94-$99 bln, CapEx guidance of $30-$37 bln, up $2.0 bln at high end; Initiates quarterly dividend of $0.50/share, also announces $50 bln increase to share repurchase program.

• Reports Q4 (Dec) earnings of $5.33 per share, $0.51 better than the FactSet Consensus of $4.82; revenues rose 24.7% year/year to $40.11 bln vs the $39.12 bln FactSet Consensus.
• Facebook daily active users (DAUs) -- DAUs were 2.11 billion on average for December 2023, an increase of 6% year-over-year.
• Ad impressions delivered across Family of Apps increased by 21% year-over-year and the average price per ad increased by 2% year-over-year.
• Co issues upside guidance for Q1, sees Q1 revs of $34.5-$37.0 bln vs. $33.93 bln FactSet Consensus.
• Initiates Dividend: META declares a cash dividend of $0.50 per share of our outstanding common stock (including both Class A common stock and Class B common stock), payable on March 26, 2024 to stockholders of record as of the close of business on February 22, 2024.
• Also announces $50 bln increase to share repurchase program.
• FY24 Expense and CapEx Guidance: Guides for FY24 total expenses of $94-$99 bln, unchanged from prior outlook. CapEx of $30-$37 bln, a $2 billion increase of the high end of prior range. META expects growth will be driven by investments in servers, including both AI and non-AI hardware, and data centers as it ramps up construction on sites with previously announced new data center architecture.

==Tenet Healthcare (THC) reported earnings on Thur 20 Oct 22 (a/h)

 

Tenet Healthcare beats by $0.22, reports revs in-line; guides Q4 EPS below consensus, revs below consensus; also authorizes a $1 bln share repurchase program

• Reports Q3 (Sep) earnings of $1.44 per share, excluding non-recurring items, $0.22 better than the S&P Capital IQ Consensus of $1.22; revenues fell 1.9% year/year to $4.8 bln vs the $4.8 bln S&P Capital IQ Consensus.
• Co issues downside guidance for Q4, sees EPS of $1.00-1.54, excluding non-recurring items, vs. $1.77 S&P Capital IQ Consensus; sees Q4 revs of $4.816-$5.016 bln vs. $5.04 bln S&P Capital IQ Consensus.
• Co also authorizes a $1 bln share repurchase program.

=Sundial Growers (SNDL) reported earnings on Thur 11 Nov 21 (a/h)

 

• Sundial Announces Share Repurchase Program
• Sundial Reports Third Quarter 2021 Financial and Operational Results

Net earnings of $11.3 million for the third quarter of 2021 compared to $71.4 million loss in the third quarter of the prior year.

Adjusted EBITDA of $10.5 million for the third quarter of 2021, compared to an adjusted EBITDA loss of $4.4 million in the third quarter of 2020.

Net revenue from Cannabis segments of $14.4 million for the third quarter of 2021, an increase of 57% over the second quarter of 2021 and an increase of 12% over the third quarter of 2020.

Gross margin from Cannabis segments was $1.8 million, including a loss of $1.9 million from cannabis cultivation and production compared to a loss of $19.5 million from that segment in the third quarter of 2020.

Investment and fee revenue of $3.3 million, realized gains on marketable securities of $6.0 million and Sundial's share of profit from equity accounted investees of $9.9 million for the third quarter of 2021 compared to Nil in the third quarter of the prior year, which preceded the start of these activities.

$1.1 billion of cash, marketable securities and long-term investments at September 30, 2021, and $1.2 billion at November 9, 2021, with $571 million of unrestricted cash and no outstanding debt.

Acquired Inner Spirit on July 20, 2021 and entered into an agreement to acquire Alcanna Inc., Canada's largest private liquor retailer, operating 171 locations, on October 7, 2021, subsequent to the end of the third quarter.

U.S. Steel (X) reported earnings on Thur 28 Oct 21 (a/h)

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** charts after earnings **

 

U.S. Steel announces $300 mln stock repurchase program; increases quarterly dividend to $0.05/share from $0.01/share

X U.S. Steel beats by $0.43, beats on revs

Reports Q3 (Sep) earnings of $5.36 per share, excluding non-recurring items, $0.43 better than the S&P Capital IQ Consensus of $4.93; revenues rose 154.9% year/year to $5.96 bln vs the $5.75 bln S&P Capital IQ Consensus.

=Walmart (WMT) reported earnings on Thur 19 Feb 21 (b/o)

 

Walmart misses by $0.12, beats on revs; US comps +8.6%; will raise average associate average to above $15 per hour (starting wages will remain at $11/hour); approves new $20 bln share repurchase; provides FY22 guidance 

Reports Q4 (Jan) adjusted earnings of $1.39 per share, excluding non-recurring items, $0.12 worse than the S&P Capital IQ Consensus of $1.51; revenues rose 7.3% year/year to $152.1 bln vs the $147.02 bln S&P Capital IQ Consensus. Decision to repay property tax relief in the U.K. lowered GAAP EPS and Adjusted EPS by $0.07; COVID-related costs were $1.1 billion in Q4.

Walmart will also invest in U.S. wages, raising the associate average to above $15 per hour (starting wages will remain at $11/hour).

Walmart U.S. comp sales increased 8.6% with strength across most key categories.

Walmart U.S. eCommerce sales increased 69% with strong results across all channels.

Co approved a new $20 billion share repurchase program and increased dividend.

Co provides FY22 guidance: Co expects FY22 EPS to "decline slightly" from levels of FY21 (Flat to up slightly, excluding divestitures); sees FY22 decline in constant currency sales; sees Walmart U.S., up low single-digits, ex. fuel.

-=AutoNation (AN) reported earnings on Wed 21 Oct 2020 (b/o)

 

AutoNation beats by $0.73, beats on revs, increases share repurchase authorization to $500 mln

Reports Q3 (Sep) earnings of $2.38 per share, $0.73 better than the S&P Capital IQ Consensus of $1.65; revenues fell 1.0% year/year to $5.41 bln vs the $5.19 bln S&P Capital IQ Consensus.

Same-store new vehicle gross profit per vehicle retailed was $2,535, up $914 or 56% compared to the year-ago period.

Same-store used vehicle gross profit per vehicle retailed was $1,994, up $602 or 43% compared to the year-ago period.

Same-store gross profit totaled $972 million, an increase of 11% compared to the year-ago period.

Plans to build over 100 AutoNation USA pre-owned vehicle stores, with over 50 completed by the end of 2025.

Share Repurchase: AN increases the outstanding share repurchase authorization to an aggregate of $500 mln. As of October 19, 2020, AutoNation had approximately 87.9 million shares outstanding.

Oracle (ORCL) reported earnings on Wed 11 Sept 19 (a/h)

** charts after earnings **

 

 Oracle: CEO Mark Hurd will take a leave of absence for health related reasons

Said Oracle Founder, Executive Chairman, and Chief Technology Officer Larry Ellison, "Mark has requested a leave of absence from Oracle to address some health related issues and we all wish him a speedy recovery. Oracle has an extremely capable CEO in Safra Catz and an extraordinarily deep team of executives, many with long tenure at Oracle. Safra and I will cover Mark's responsibilities during his absence with support from the rest of our strong management team."
Also, co had been scheduled to report earnings tomorrow after the close. Perhaps this news prompted ORCL to report a day early.

 Oracle reports EPS in-line, revs in-line; adds $15 bln to buyback 

Reports Q1 (Aug) earnings of $0.81 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.81; revenues rose 0.2% year/year to $9.22 bln vs the $9.29 bln S&P Capital IQ Consensus. Cloud services and license support +4% ex-FX to $6.8 bln.

"Non-GAAP earnings per share grew 14% in USD and 16% in constant currency," said Oracle CEO Safra Catz. "As our low margin hardware businesses continue to get smaller, while our higher margin cloud business continues to get bigger, we expect Oracle's operating margins, earnings per share and free cash flow all to grow. We're off to a good start in FY20, and we expect this to be our 3rd consecutive year of double-digit non-GAAP earnings per share growth."

"Our cloud ERP businesses, including both Fusion ERP and NetSuite ERP, grew 33% in Q1," said Oracle CEO Mark Hurd. "We now have over 6,500 Fusion ERP customers and over 18,000 NetSuite ERP customers. This continued strong growth has solidified our number one market leader position in cloud ERP worldwide, and our number one position in the overall applications business in North America."

"Autonomy is the defining attribute of a Generation 2 Cloud," said Oracle CTO, Larry Ellison. "Next week at our OpenWorld conference, we will announce more Autonomous Cloud Services to complement the Oracle Autonomous Database. The Autonomous Database is the most successful new product in Oracle's history. We added more than 500 new Autonomous Database cloud customers in Q1, and we expect to more than double that in Q2."

The Board of Directors increased the authorization for share repurchases by $15 bln.

The company was scheduled to report earnings tomorrow, but it instead announced earnings and news of a medical leave of absence for co-CEO Mark Hurd this afternoon.

=Baidu (BIDU) reported earnings on Thur 16 May 2019 (a/h)

Baidu misses by $0.10, reports revs in-line; guides Q2 revs below consensus; announces $1 bln buyback program

• Reports Q1 (Mar) earnings of $0.41 per share, excluding non-recurring items, $0.10 worse than the S&P Capital IQ Consensus of $0.51; revenue +15% to $3.59 bln vs. $3.59 bln consensus, or 21% year over year excluding the impact of announced divestitures. Online marketing revenues were RMB17.7 billion ($2.63 billion), increasing 3% year over year, which was mainly due to strength in education, retail, and business services, while healthcare, online games services, and financial services sectors were less vibrant. Other revenues were RMB 6.5 billion ($963 million), increasing 73% year over year, which was mainly due to the robust growth in iQIYI membership services, cloud and other businesses. Revenue from Baidu Core reached RMB 17.5 billion ($2.60 billion), increasing 8% year over year, or 16% year over year excluding the impact of announced divestures, while revenue from iQIYI reached RMB 7.0 billion ($1.04 billion), increasing 43% year over year. Content costs were RMB 6.2 billion ($917 million), increasing 47% year over year, mainly due to increased investments in iQIYI content and, to a lesser extent, in content for BJH accounts, Baidu feeds' content network. Traffic acquisition cost was RMB 3.2 billion ($474 million), increasing 41% year over year
• Co issues downside guidance for Q2, sees Q2 revs -3% to +2% to $3.74-3.96 bln vs. $4.34 bln S&P Capital IQ Consensus (+1-6% ex-divestitures). 
• "In March, Baidu's mobile reach expanded to 1.1 billion monthly active devices, while DuerOS voice assistant installed base reached 275 million devices and generated 2.37 billion monthly voice queries. We are leveraging Baidu AI to provide enterprise solutions to businesses and local governments, which significantly expands our total addressable market," said Robin Li, Chairman and CEO of Baidu. "Looking ahead, we are quite excited about the opportunities to significantly improve content and service discovery through in-app search and increase customer ROI with our entrance into CRM, to deepen our offering to our marketing customers... margins were dampened by our successful CCTV New Year Eve Gala marketing campaign, which accelerated the traffic of Baidu family of apps and highlighted better in-app search user experience." said Herman Yu, CFO of Baidu. "Despite government policies to improve the market condition for SMEs, we anticipate online marketing in the near term to face a challenging environment. We will take this opportunity to improve our monetization capabilities and review our businesses for operational efficiency, while recognizing the importance to invest for sustainable long-term growth." 
• Board of directors authorized a new share repurchase program under which the Company may repurchase up to US$1 billion of its shares, effective until July 1, 2020.

=lululemon athletica (LULU) reported earnings on Wed 27 March 19 (a/h)

lululemon athletica beats by $0.10, beats on revs; guides Q1 EPS and comps above consensus; guides FY20 EPS and comps above consensus; Board authorizes $500M stock repurchase program

• Reports Q4 (Jan) earnings of $1.85 per share, $0.10 better than the S&P Capital IQ Consensus of $1.75; revenues rose 25.6% year/year to $1.17 bln vs the $1.15 bln S&P Capital IQ Consensus. 
• On January 14, co raised Q4 EPS to $1.72-1.74 from $1.64-1.67, revs to $1.14-1.15 bln from $1.115-1.125 bln and comparable sales to mid-to-high teens growth on a constant dollar basis from high-single to low-double digits on a constant dollar basis).
• Excluding net revenue from the 53rd week of fiscal 2018, total comparable sales increased 16%, or increased 17% on a constant dollar basis. Comparable store sales increased 6%, or increased 7% on a constant dollar basis. Direct to consumer net revenue increased 37%, or increased 39% on a constant dollar basis. Gross margin was 57.3%, an increase of 100 basis points compared to the fourth quarter of fiscal 2017
• Co issues guidance for Q1, sees EPS of $0.68-0.70 vs. $0.67 S&P Capital IQ Consensus; sees Q1 revs of $740-750 mln vs. $742.73 mln S&P Capital IQ Consensus, based on a total comparable sales increase in the low-double digits on a constant dollar basis vs. +8% ests in USD.
• Co issues guidance for FY20, sees EPS of $4.48-4.55 vs. $4.40 S&P Capital IQ Consensus; sees FY20 revs of $3.70-3.74 bln vs. $3.71 bln S&P Capital IQ Consensus, based on a total comparable sales increase in the low-double digits on a constant dollar basis vs. +8.2% ests in USD

Monster Beverage (MNST) reported earnings on Wed 27 Feb 19 (a/h)

** charts after earnings **

 

** 5 weeks later **

Monster Beverage beats by $0.02, beats on revs; Board authorizes new $500 mln share repurchase program 

• Reports Q4 (Dec) earnings of $0.43 per share, $0.02 better than the S&P Capital IQ Consensus of $0.41; revenues rose 14.1% year/year to $924.23 mln vs the $907.75 mln S&P Capital IQ Consensus.
• On February 26, 2019, the Company's Board of Directors authorized a new repurchase program for the repurchase of up to an additional $500.0 million of the Company's outstanding common stock.
• "During 2019, we will continue to launch our Monster Energy brand of energy drinks in new geographical markets, and plan to launch Predator, our strategically preferred affordable energy brand, in additional markets internationally,"

=XPO Logistics (XPO) reported earnings on Thur 14 Feb 2019 (a/h)

XPO Logistics misses by $0.10, misses on revs; guides FY19 revs below consensus; lowers FY19 EBITDA tgt; announces $1.5 bln buyback program

• Reports Q4 (Dec) earnings of $0.72 per share, excluding non-recurring items, $0.10 worse than the S&P Capital IQ Consensus of $0.82; revenues rose 4.6% year/year to $4.39 bln vs the $4.56 bln S&P Capital IQ Consensus.
• Co issues downside guidance for FY19, sees FY19 revs of +3-5% to ~$17.80-18.14 bln vs. $18.54 bln S&P Capital IQ Consensus. Adjusted EBITDA in the range of $1.650 billion to $1.725 billion, an increase of 6% to 10% year-over-year, versus the prior target of 12% to 15%; Free cash flow in the range of $525 million to $625 million, versus the prior target of approximately $650 million. On February 4, 2019, the company completed the share repurchase program announced in December 2018. A total of 18 million shares of XPO common stock were retired for approximately $1 billion ($56.09 average share price). On February 13, 2019, the company's board of directors authorized a new share repurchase program of up to $1.5 billion of XPO common stock.

-=Deckers Outdoor (DECK) reported earnings on Thur 31 Jan 2019 (a/h)

Deckers Outdoor beats by $1.30, beats on revs; guides Q4 EPS below consensus, revs below consensus; authorizes additional $261 mln to share repurchase program

• Reports Q3 (Dec) earnings of $6.59 per share, $1.30 better than the S&P Capital IQ Consensus of $5.29; revenues rose 7.8% year/year to $873.8 mln vs the $822.86 mln S&P Capital IQ Consensus.
• UGG brand net sales for the third quarter increased 3.6% to $761.0 million compared to $734.7 million for the same period last year. 
• Gross margin was 53.8% compared to 52.2% for the same period last year.
• Co issues downside guidance for Q4, sees EPS of $0.00-$0.10 vs. $0.28 S&P Capital IQ Consensus; sees Q4 revs of $360-$374 mln vs. $394.19 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY19, sees EPS of $7.85-$7.95 vs. $6.93 S&P Capital IQ Consensus; sees FY19 revs of $1.986-$2.0 bln vs. $1.97 bln S&P Capital IQ Consensus.
• Stock Buyback: "In light of our strong results and the confidence in our strategies to produce strong cash flow over time, the Board of Directors has authorized an additional $261 million to our share repurchase program. Combined with the $89 million remaining under our current authorization, we now have the ability to repurchase a total of $350 million worth of shares in the future, as one avenue to effectively return value to shareholders."

=Oracle (ORCL) reported earnings on Mon 17 Sept 18 (a/h)

Oracle beats by $0.03, reports revs in-line; increases buyback by $12 billion 

• Reports Q1 (Aug) adj. earnings of $0.71 per share, $0.03 better than the S&P Capital IQ Consensus of $0.68; revenues rose 0.8% year/year to $9.2 bln vs the $9.26 bln S&P Capital IQ Consensus.
• Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were up 2% to $7.5 billion. Cloud Services and License Support revenues were $6.6 billion, while Cloud License and On-Premise License revenues were $867 million.
• Operating Cash Flow was up 5% to $15.5 billion during the trailing twelve months.
• "We are off to an excellent start with Q1 non-GAAP earnings per share growing 19% in constant currency," said Oracle CEO, Safra Catz. "That strong earnings per share growth rate increases my confidence that we will deliver on another fiscal year of double-digit non-GAAP earnings per share growth."
• "In the first quarter, we increased our market share as customers continued to buy Oracle Fusion ERP to replace their existing SAP and Workday ERP systems. The Oracle Fusion ERP customer count is now nearly 5,500, while the NetSuite ERP customer count is over 15,000... Oracle's Autonomous Database is faster, easier-to-use, more reliable, more secure and much lower cost than Amazon's databases."
• The Board of Directors increased the authorization for share repurchases by $12.0 billion.

-=Colgate-Palmolive (CL) : $5 billion share repurchase program

Colgate-Palmolive authorized the repurchase of up to $5 billion under a new share repurchase program 
The Company will commence the repurchase of shares of the Company's common stock under the new program after June 18, 2018. As of March 31, 2018, the Company had approximately 872 million shares of common stock outstanding.

-=Thomson Reuters (TRI) reported earnings on Thur 10 May 2018 (a/h)

TORONTO, May 11, 2018 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today reported results for the first quarter ended March 31, 2018. The company also issued a full-year 2018 Outlook for its continuing operations and announced a new $500 millionshare repurchase program.

Revenues increased 4% due to higher recurring revenues and a positive impact from foreign currency.

• At constant currency, revenues increased 3%.

Operating profit decreased 2% due to the unfavorable impact of a prior-year period gain on an investment.

• Adjusted EBITDA increased 4% and the margin was unchanged at 31.2%.

Diluted loss per share reflects an $844 million deferred tax charge associated with the proposed sale of a 55% interest in the company's Financial & Risk business. The tax charge is required to be recorded when a business is first considered held for sale, rather than when the sale is completed. The company estimates that a cash tax payment of approximately $300 million will arise in 2018 in connection with the closing of the transaction and the remainder deferred until such time as the company disposes of its 45% interest in the new partnership.

• Adjusted EPS, which excludes discontinued operations, was $0.28 and increased 12%, or $0.03 per share, due to higher adjusted EBITDA and lower interest expense.

Cash flow from operations increased $787 million primarily because the prior-year period included a $500 million pension contribution as well as severance payments. 

• Free cash flow increased $705 million reflecting similar factors.

-=Groupon (GRPN) reported earnings on Wed 9 May 2018 (b/o)

Groupon beats by $0.03, beats on revs; raises FY18 Adj-EBITDA outlook, Board approves $300 mln share repurchase authorization  

• Reports Q1 (Mar) earnings of $0.03 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of ($0.00); revenues fell 7.0% year/year to $626.54 mln vs the $604.16 mln Capital IQ Consensus.
• Adjusted EBITDA, a non-GAAP financial measure, was $52.6 million in the first quarter 2018, up 17% from $44.8 million in the first quarter 2017.
• In May 2018, the Board of Directors approved a $300 million share repurchase authorization, which replaces the recently expired authorization.
• Outlook: Groupon is raising its outlook for 2018, which reflects current foreign exchange rates and the Vouchercloud acquisition, which they expect to contribute $5 to $6 million to Adjusted EBITDA in 2018. For the full year 2018, Groupon now expects Adjusted EBITDA to be between $280 million and $290 million, an increase from the previously provided range of $260 million and $270 million.