Urban Edge Props (NYSE:UE) Stock, Quote.Headers.trade-ideas

Urban Edge Props

Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.

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Real Estate

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SAFE

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AMZN

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Urban Edge Properties Common Shares of Beneficial Interest

Urban Edge Properties

Uranium Energy Corp

SPDR S&P US DIVIDEND ARIST UCITS ETF

UNITED HEALTH PRODUTS INC by United Health Products, Inc.

United Health Products Inc

Universal Electronics Inc. - Common Stock

Universal Electronics Inc

ULKER BISKUVI SNY UNS/ADR by Ulker Biskuvi Sanayi AS

Ulker Biskuvi Sanayi AS

UNION ELEC CO 3.70 PR by Union Electric Co.

Union Electric Co

UTILICO EMRG MKTS TRU by UTILICO EMERGING MARKETS TRU PLC,

Ueople Technology Holding Ltd

UNION ELEC CO 4.75 PR by Union Electric Co.

UNION ELEC CO 5.50 PR A by Union Electric Co.

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UNION ELEC CO 3.50 PR by Union Electric Co.

UNION ELEC CO 4.50 PR by Union Electric Co.

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United Ethanol LLC

UNIVERSAL ENTMT CORP by Universal Entertainment Corp

Universal Entertainment Corp

VictoryShares Emerging Markets Value Momentum ETF

South Korean gaming giant Krafton's recent acquisition of Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Tango Gameworks, known for titles like The Evil Within and Hi-Fi Rush, marked a significant move in the <a href="https://www.benzinga.com/general/gaming">gaming sector.</a>
The deal, announced on Aug. 13, was driven more by a commitment to preserving creative talent than by financial incentives.
See Also: <a href="https://www.benzinga.com/general/gaming/24/08/40320631/krafton-saves-tango-gameworks-acquires-hi-fi-rush-ip-from-xbox">Krafton Saves Tango Gameworks: Acquires Hi-Fi Rush IP From Xbox</a>
<h1 class="wp-block-heading">Commitment Over Profit</h1>
&#8220;We don't think Hi-Fi Rush 2 is going to make us money, to be frank,&#8221; CEO Changhan Kim revealed in <a href="https://www.gamedeveloper.com/business/-we-don-t-think-hi-fi-rush-2-is-going-to-make-us-money-krafton-ceo-says-tango-gameworks-acquisition-is-about-legacy">dialogue </a>with Game Developer. 
&#8220;We wanted to maintain their legacy,&#8221; he added. &#8220;Although they did not have a big success in their games, we saw many creatives worth pursuing. That&#8217;s why we wanted to work with that organization.&#8221;
<h1 class="wp-block-heading">Strategic Focus On Hi-Fi Rush</h1>
The acquisition focused specifically on the Hi-Fi Rush intellectual property. 
&#8220;Because Hi-Fi Rush fans really want to see sequels, we negotiated with Tango Gameworks' parent company to acquire that IP as well,&#8221; Kim explained. 
This move was intended to streamline the acquisition process and ensure the game's legacy continued without unnecessary delays.
Kim also addressed the practical aspects of the deal. "If we were to acquire all IPs, I think it's going to complicate the deal too much," he noted. 
<h1 class="wp-block-heading">Staff Transition, Future Plans</h1>
The acquisition involved around 50 of Tango Gameworks&#8217; 100 employees, with the remaining staff not joining Krafton. 
Kim reassured that Krafton had no plans to reduce the new studio's staff and hinted at potential expansion.
&#8220;Krafton is a pretty big company, but Microsoft is very complicated,&#8221; Kim said. &#8220;We wanted to help the team continue developing their games, but especially Hi-Fi Rush.&#8221;
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/24/05/38791690/xbox-exec-sarah-bond-addresses-microsofts-studio-closures-its-always-extraordinarily-hard-to-make-">Xbox Exec Sarah Bond Addresses Microsoft&#8217;s Studio Closures: &#8216;It&#8217;s Always Extraordinarily Hard To Make Decisions Like That&#8217;</a></li>
</ul>
Photo: Courtesy of Tango Gameworks.

Gaming

News

General

MSFT

Why Krafton Bought Tango Gameworks From Microsoft: CEO Kim Reveals 'We Don't Think Hi-Fi Rush 2 Is Going To Make Us Money'

Politan Capital Management (together with its affiliates, "Politan"), a 9% shareholder of Masimo Corporation ("Masimo" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASI#NASDAQ">MASI</a>), today commented on the outcome of the Company's Annual Meeting of Stockholders (the "Annual Meeting").
Both of Politan's independent nominees – Darlene Solomon and William Jellison – were elected to the Board.1 Politan greatly appreciates the support and engagement from its fellow Masimo shareholders during this process.
Darlene Solomon, William Jellison, Michelle Brennan and Quentin Koffey issued the following joint statement:
"While each of us is independent and brings our own unique perspectives, we are united in our enthusiasm for Masimo's future as a leading, innovation-focused growth company. We look forward to meeting with, learning from, and working together with the Healthcare and Consumer employees to make Masimo an even greater company. We would also like customers to know that we will be completely focused on preventing any disruption to their service and support. We will have more to share soon."

Management

MASI

Politan Comments On Results Of Masimo's 2024 Annual Meeting, Both Of Politan's Independent Nominees Darlene Solomon And William Jellison Were Elected To The Board

- Initiation of pivotal CYB003 Phase 3 study in Major Depressive Disorder ("MDD") expected imminently -
- 12-month efficacy data from Phase 2 study of CYB003 in MDD expected in early Q4 2024 -
- Phase 2 topline efficacy and safety results for CYB004 in Generalized Anxiety Disorder ("GAD") expected year-end 2024 or early Q1 2025 -
- Strengthened R&amp;D team with addition of experienced drug development leaders Dr. Atul R. Mahableshwarkar, and Dr. Tom Macek, as program leads for CYB003 and CYB004, respectively -
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cybin.com%2F&amp;esheet=54124810&amp;newsitemid=20240919771162&amp;lan=en-US&amp;anchor=Cybin+Inc.&amp;index=1&amp;md5=66087b8f12a3993545dbd3142c3afc66">Cybin Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYBN#NYSE">CYBN</a>) (Cboe CA:CYBN) ("Cybin" or the "Company"), a clinical-stage breakthrough neuropsychiatry company committed to revolutionizing mental healthcare by developing new and innovative next-generation treatment options, today reported recent clinical accomplishments and key upcoming clinical milestones.

Biotech

CYBN

Cybin Provides Corporate Update On Upcoming Clinical Milestones; Initiation Of Pivotal CYB003 Phase 3 Study In Major Depressive Disorder Expected Imminently; 12-Month Efficacy Data From Phase 2 Study Of CYB003 In MDD Expected In Early Q4 2024; Phase 2 Topline Efficacy And Safety Results For CYB004 In Generalized Anxiety Disorder Expected Year-End 2024 Or Early Q1 2025

Earnings

ASTC

Astrotech FY24 EPS $(7.12) Down From $(5.95) YoY; Revenue $1.66M Up From $750K YoY

Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares<a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday"> skyrocketed on Thursday</a> after Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) assured investors it would not drop its majority stake in the Israeli autonomous driving company.
Mobileye gained 14.99% to close at $13.35 on Thursday, marking its largest intraday jump since late October 2022.
&#8220;We currently do not have any plans to divest a majority interest in the company,&#8221; Intel said in a statement.
&#8220;By providing Mobileye with separation and autonomy, we have enhanced its ability to capitalize on growth opportunities and accelerate its path to creating even greater value.&#8221;
Read Also: <a href="https://www.benzinga.com/news/24/09/40941075/whats-going-on-with-autonomous-driving-stock-mobileye-thursday">What&#8217;s Going On With Autonomous Driving Stock Mobileye Thursday?</a>
Intel, which holds an 88% stake in Mobileye, said it believes in the future of autonomous driving technology and in Mobileye's &#8220;unique role as a leader&#8221; in developing advanced driver assistance systems.
Intel CEO Pat Gelsinger has been changing his company's operations and showed more of his plans earlier this week to get the troubled chipmaker back on track, including pausing building factories in Germany and Poland and turning its manufacturing sector into a wholly owned subsidiary, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-19/mobileye-jumps-after-intel-says-it-won-t-divest-majority-stake?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>.
Intel discussed possibly selling some its Mobileye stake either on the public market or through a third-party sale, Bloomberg reported earlier this month.
Mobileye, which provides both software and hardware for self-driving systems, was acquired by Intel in 2017 for about $15 billion. It had an initial public offering in 2022, but Intel held most of the stake.
Read Now:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35469115/mobileye-lowered-revenue-outlook-but-these-analysts-are-still-bullish-heres-why">Mobileye Lowered Revenue Outlook But These Analysts Are Still Bullish &#8211; Here&#8217;s Why</a></li>
</ul>
Photo: Ilan Ben Oudiz<a href="https://creativecommons.org/licenses/by-sa/4.0"> via </a>Wikimedia Commons

Equities

Global

Tech

INTC

MBLY

Mobileye Soars After Intel Says It Will Not Sell Majority Stake

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4259289-1&amp;h=1854567284&amp;u=https%3A%2F%2Fnauticusrobotics.com%2F&amp;a=Nauticus+Robotics+Inc.">Nauticus Robotics Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) a leading innovator in autonomous subsea robotics and software, today announced receipt of a letter from the Nasdaq Stock Market LLC ("Nasdaq") approving an extension of time to regain compliance with all listing standards.
The letter received from Nasdaq grants Nauticus an exception until December 31, 2024 to demonstrate compliance with the Nasdaq Capital Market listing rules. Nauticus management presented its detailed plan to gain compliance during the Nasdaq Hearings Panel meeting held on September 5, 2024.
Nauticus will continue to work through its plan with intent to resolve all compliance issues before the deadline of December 31, 2024.
With the granting of this Nasdaq exception, Nauticus remains listed on the Nasdaq capital market. Once the compliance plan is fully executed, Nauticus will make further disclosures describing the actions taken by the Company to achieve compliance.&nbsp;

KITT

Nauticus Robotics Announces Notification Of NASDAQ Listing Extension, Will Continue To Work Through Its Plan With Intent To Resolve All Compliance Issues Before The Deadline Of December 31, 2024

WIIM

AGBA

AGBA Group shares are trading higher after the company announced all AGBA/Triller merger closing conditions have been met, with the exception of the final Nasdaq listing regulatory approval.

<ul>
<li>AGBA's merger with Triller Corp. is on track to close &nbsp;</li>
<li>Shareholder approval was granted for AGBA to be incorporated as a Delaware Corporation and domiciled in the U.S., operating under the name Triller Group Inc. &nbsp;</li>
<li>All AGBA/Triller merger closing conditions have been met, with the exception of the final Nasdaq listing regulatory approval, soon anticipated &nbsp;</li>
</ul>
NEW YORK, Sept. 19, 2024 /PRNewswire/ -- AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) ("AGBA" of the "Company"), a multi-channel business platform delivering first-class financial services through machine-learning technologies, today announced the results of its general shareholder meeting (the "Meeting") held on September 19, 2024. During the Meeting, AGBA's shareholders resoundingly approved all proposals put forth for vote and moved AGBA's merger with Triller Corp. to its final stage of completion. &nbsp;In the coming weeks, AGBA and Triller Corp. anticipate receiving Triller Group Inc.'s (the pro forma merged parent company) new Nasdaq listing approval, the final closing condition to the transaction, and expect their merger to close shortly thereafter.
Today's Meeting and shareholder vote provided approval for AGBA to be re-domiciled in the State of Delaware and incorporated as a company under Delaware State Law operating under the new name "Triller Group Inc."
The shareholder vote also approved the amended and restated merger agreement dated as of August 30, 2024 ("Merger Agreement"), by and between AGBA (to be renamed Triller Group Inc.), AGBA Social Inc., a wholly owned Delaware subsidiary of AGBA, Triller Corp. and Triller's stockholder representative, with respect to the acquisition of 100% of the outstanding capital stock and conversion of all restricted stock units of Triller Corp., in exchange for common stock and preferred stock of the newly named Triller Group Inc. the conversion of all existing Triller Corp. restricted stock units into Triller Group Inc. restricted stock units, and the assumption of certain Triller Corp. warrants.
It was also agreed at the Meeting that AGBA's Revised Charter Amendment would supersede and stand in substitution for the Charter Amendment Proposal to approve (i) the adoption and filing of the Company's Sixth Amended and Restated Memorandum and Articles of Association to supersede and replace in its entirety AGBA's Fifth Amended and Restated Memorandum and Articles of Association to, among other things, (A) increase the number of the Company's ordinary shares authorized for issuance thereunder from 1,000,000,000 to 1,500,000,000, (B) authorize a new class of 100,000,000 class A preferred shares and authorize a new class of 45,000 super voting class B Shares, with each share entitled to 10,000 votes, and (C) to enable the majority shareholders to approve matters by written consent, and (ii) the adoption and filing of AGBA's Seventh Amended and Restated Memorandum and Articles of Association to supersede and replace in its entirety the Company's Sixth Amended and Restated Memorandum and Articles of Association to consolidate the above amendments and to effect the forward share split of the AGBA Ordinary Shares on a 1.9365 basis, and the resulting increase in the total number of authorized ordinary shares from 1,500,000,000 to 2,904,753,145 and increase in the outstanding AGBA Ordinary Shares from 97,736,035, shares to 189,265,804 shares and reduction in the par value of each&nbsp; AGBA Ordinary Shares from $0.001 to $0.000516395 (the "Share Split").
AGBA's shareholders authorized and approved that after its merger with Triller Corp. has closed, and based on the number of outstanding AGBA Ordinary Shares as of August 30, 2024, Triller Corp.'s Stakeholders will hold 70% of the aggregate of (i) the economic interests of the outstanding Triller Group Inc. capital stock plus (ii) the outstanding Triller Group Inc. RSUs, and the current AGBA shareholders will hold the remaining 30% ("Agreed Stakeholder Proportions"), and that AGBA's Board of Directors ("Directors") be and are hereby authorized to make such amendments and adjustments to the Merger Agreement and the numbers of securities to be so issued in Triller Group Inc., in their sole discretion, as may be required or desirable to give effect to the Merger Agreement Proposal and the Agreed Stakeholder Proportions.
Further, the shareholders granted to authorize and approve a reverse share split of AGBA Ordinary Shares in the range of 1 to 1.5 to 1 to 20 and grant to AGBA's Directors the discretion and authority to determine the exact reverse split ratio, within the above specified range, ("Reverse Share Split") and to further authorize and approve any consequential changes and amendments to AGBA's memorandum and articles of association, and to authorize and grant discretion to AGBA's Directors to do all things necessary to give effect to the Reverse Share Split as may be required.
These approved proposals reflect transformative changes being implemented at AGBA and mark a significant step forward for Triller Group Inc.'s future enhanced growth and positioning within the technology and social media industries.

AGBA Group Holding Limited Announced Moving Towards Finalizing The Merger Upon Receiving New Nasdaq Listing Approval For Triller Group Inc., Involving Re-Domiciliation To Delaware, Authorization Of A Forward Share Split, A Reverse Share Split, And Allocation Of 70% Of Economic Interests To Triller Corp.'s Stakeholders

Cayson Acquisition Corp (the "Company") announced today that it priced its initial public offering of 6,000,000 units at $10.00 per unit. The Company's units will be listed on the Nasdaq Global Market ("Nasdaq") and will begin trading tomorrow, September 20, 2024, under the ticker symbol "CAPNU." Each unit consists of one ordinary share and one right entitling its holder to receive one tenth of one ordinary share upon the Company's completion of an initial business combination, subject to adjustment. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols "CAPN" and "CAPNR," respectively.

IPOs

CAPN

Cayson Acquisition Corp Announces Pricing Of $60M Initial Public Offering Of 6M Units At A Price Of $10/Unit

Singular Genomics Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMIC#NASDAQ">OMIC</a>), a company leveraging novel next-generation sequencing (NGS) and spatial multiomics technologies to empower researchers and clinicians, announced today that it has received an unsolicited non-binding proposal from Concentra Biosciences, LLC ("Concentra") to acquire all of the Company's outstanding shares of common stock for $12.00 per share in cash. As alternative consideration, Concentra stated that it would consider, assuming it receives sufficient interest from existing stockholders, inviting interested stockholders to elect to continue to participate in any future value realized from the Company's ongoing business by receiving a contingent value right in lieu of receiving $12.00 per share in cash.&nbsp; &nbsp; &nbsp;
According to a Schedule 13D filed on September 19, 2024 with the U.S. Securities and Exchange Commission (the "SEC") disclosing Concentra's proposal, Tang Capital is the controlling stockholder of Concentra and beneficially owns approximately 14.9% of the Company's outstanding common stock.

OMIC

Singular Genomics Receives Non-Binding Acquisition Proposal From Concentra Biosciences And Tang Capital To Acquire All Of The Company's Outstanding Shares Of Common Stock For $12.00 Per Share In Cash

<ul>
<li>Board Declares Third Quarter 2024 Dividend of $0.37 Per Share of Common Stock</li>
</ul>
The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.37 per common share. The dividend is payable on October 31, 2024 to common stockholders of record on September 30, 2024. The ex-dividend date is September 30, 2024.
"We are pleased to announce an increase in our common stock dividend for the second consecutive quarter," said Phillip J. Kardis II, President and CEO of Chimera. "We continue to seek opportunities to maximize shareholder value as we enter a more favorable interest rate environment."

Dividends

Chimera Increases Q3 2024 Common Stock Dividend From $0.35 To $0.37 Per Share

David Goubert has resigned as president and CEO of Ayr Wellness Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/AYR#CSE">AYR</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AYRWF#OTC">AYRWF</a>), a Miami-based cannabis multistate operator, after less than a <a href="https://www.benzinga.com/topic/ayr-wellness">year in the role. </a>
Goubert, who joined the company as president in October of 2022 and took over as CEO in February 2023, is the latest in a series of executive departures at the company, MJBizDaily <a href="https://mjbizdaily.com/cannabis-operator-ayr-wellness-loses-ceo-david-goubert/">reported.</a>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40222855/ayr-wellness-reports-qoq-drop-in-q2-revenue-gross-profit-but-plans-to-make-the-most-of-ohio-cann">AYR Wellness&#8217; Conditional Approval For Medical Marijuana Operations In Virginia, What It Means For Investors</a>
The resignation was announced alongside Ayr&#8217;s second-quarter earnings report, which revealed a slight dip in earnings and growing net losses. 
Ayr's board of directors has initiated a search for a permanent CEO, while Steven Cohen, previously an external legal adviser, will serve as interim CEO.
<h3 class="wp-block-heading">Are Leadership Changes Enough?</h3>
In the second quarter of 2024, the company reported a slight decrease in revenue, down 0.6% from the previous quarter to $117.3 million. 
While the MSO managed to reduce its overall expenses, net losses increased to $38 million, a significant jump from the $29 million reported a year earlier.
The company has been attempting to stabilize its financial footing amid these losses. As Goubert explained before his resignation, Ayr was focused on "laying the groundwork for Ayr's next phase of growth."
<h3 class="wp-block-heading">Interim Leadership</h3>
Cohen, who will assume the role of interim CEO, brings a legal and corporate governance background but lacks direct cannabis industry experience. He is a founding member of Blue Raven, a New York-based legal advisory firm specializing in strategic corporate advice and general counsel services.
Cohen's appointment follows another notable departure, Jonathan Sandelman, who stepped down as director and executive chair in July, marking the second high-profile exit within just a few months.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40222855/ayr-wellness-reports-qoq-drop-in-q2-revenue-gross-profit-but-plans-to-make-the-most-of-ohio-cann">Ayr Wellness Reports QoQ Drop In Q2 Revenue &amp; Gross Profit But Plans To Make The Most Of Ohio Cannabis Sales</a></li>
</ul>
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Cannabis

Movers & Shakers

Markets

AYRWF

CSE:AYR

Cannabis Multi-State Operator Ayr Wellness Seeks New CEO After David Goubert's Departure: 'Next Phase Of Growth' Coming?

MillerKnoll, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) shares are trading lower after the company reported its first-quarter financial results after Thursday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/09/n40947407/millerknoll-inc-reports-first-quarter-fiscal-2025-results">details from the report. </a>
The Details: MillerKnoll reported quarterly earnings of 36 cents per share, which missed the analyst consensus estimate of 40 cents. Quarterly revenue of $861.50 million also missed the consensus estimate of $889.3 million and represents a 6.12% decrease from the same period last year.
<ul>
<li>Orders in the first quarter were up 2.4% on a reported basis and up 3.5% organically from the prior year, led by Americas Contract growth of 5.2%.</li>
<li>Ending backlog of $758 million increased 9.2% from last year and 10.9% from the start of fiscal 2025.</li>
<li>Gross margin in the Global Retail segment improved by 160 basis points due to continued benefits from operational improvements.</li>
</ul>
&#8220;While demand trends in our Retail segment continue to reflect the impact of a tepid housing market, the investments we have made in platform operational capabilities are not only driving significant margin improvements, but also position us to support profitable growth plans as the macro-economic backdrop improves. We believe our first quarter financial results demonstrate the advantage of our collective of brands, diverse business channels and global footprint,&#8221; the company wrote in a letter to shareholders. 
Read Next: <a href="https://www.benzinga.com/fintech/24/09/40928342/what-happened-with-sofi-stock-today">What Happened With SoFi Stock Today?</a>
Outlook: MillerKnoll sees second-quarter earnings of between 51 cents and 57 cents per share, versus the estimate of 61 cents, and second-quarter revenue in a range of $950 million to $990 million, versus the $948.12 million estimate. BZ Wire
MLKN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, MillerKnoll shares are down 2.62% after-hours at $26.75 at the time of publication Thursday. 
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40923038/whats-going-on-with-carnival-stock">What&#8217;s Going On With Carnival Stock?</a></li>
</ul>
Photo: Shutterstock

Movers

MLKN

MillerKnoll Stock Dips After Q1 Results: Here's Why

Chewy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) shares are trading lower in Thursday&#8217;s after-hours session after the company announced a public offering by a selling stockholder and a <a href="https://www.benzinga.com/pressreleases/24/09/b40948271/chewy-inc-announces-public-offering-of-class-a-common-stock-by-selling-stockholder-and-concurrent-">concurrent share repurchase</a>.
What Happened: After the market close, Chewy announced an underwritten offering of&nbsp;$500 million&nbsp;of its common stock by Buddy Chester Sub LLC, which is an entity affiliated with funds advised by Chewy&#8217;s largest shareholder BC Partners Advisors LP.
The selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional&nbsp;$75 million&nbsp;of Chewy common stock. The online pet retailer will not sell any shares in the offering or receive any proceeds. 
Chewy also agreed to purchase $300 million worth of its common stock from the selling stockholder at a price equal to the price paid by the underwriters in the offering. The repurchased shares will be canceled and retired upon completion of the concurrent repurchase.
Chewy noted that its existing <a href="https://www.benzinga.com/news/earnings/24/05/39064898/pet-supply-focused-chewy-shares-gain-on-better-than-anticipated-q1-earnings-500m-buyback-plan">$500 million share repurchase program</a> will not be affected by this transaction. 
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/24/09/40948046/fedex-q1-earnings-revenue-miss-eps-miss-lowered-guidance-challenging-quarter">FedEx Q1 Earnings: Revenue Miss, EPS Miss, Lowered Guidance — &#8216;Challenging Quarter&#8217;</a>
CHWY Price Action: Chewy shares were down 3.09% in after hours, trading at $30.15 at the time of publication Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: <a href="https://pixabay.com/users/huoadg5888-8934889/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=4415649">huoadg5888</a> from Pixabay.

Offerings

Buybacks

After-Hours Center

CHWY

Chewy Stock Is Sliding After Hours: What's Going On?

Telsey Advisory Group analyst Joseph Feldman maintains Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) with a Outperform and maintains $195 price target.

Price Target

Analyst Ratings

Telsey Advisory Group Maintains Outperform on Target, Maintains $195 Price Target

Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) reported its third-quarter financial results after Thursday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/09/n40948079/lennar-reports-third-quarter-2024-results">details from the report. </a>
The Details: Lennar reported quarterly earnings of $3.90 per share, which beat the analyst consensus estimate of $3.63 by 7.44%. Quarterly revenue clocked in at $9.416 billion, beating the consensus estimate of $9.164 billion and representing a 7.86% increase over the same period last year.
<ul>
<li>New orders increased 5% to 20,587 homes.</li>
<li>Lennar reported a backlog of 16,944 homes with a dollar value of $7.7 billion.</li>
<li>Deliveries increased 16% to 21,516 homes. </li>
<li>Lennar reported homebuilding operating earnings of $1.5 billion with gross margin on home sales of 22.5%.</li>
<li>Average home price was $422,000 in the third quarter,</li>
</ul>
&#8220;We are pleased to report another solid quarter backed by an economic environment that remains very constructive for homebuilders. Employment was strong, housing supply remained chronically short due to production deficits of over a decade and demand was solid driven by strong household formation,&#8221; said Stuart Miller, executive chairman and Co-CEO of Lennar.
&#8220;Although affordability continued to be tested during the quarter, purchasers remained responsive to increased sales incentives, resulting in a 16% increase in our deliveries and a 5% increase in our new orders year over year,&#8221; Miller added.
Read Next: <a href="https://www.benzinga.com/fintech/24/09/40928342/what-happened-with-sofi-stock-today">What Happened With SoFi Stock Today?</a>
Outlook: Lennar sees fourth-quarter new orders in a range of 19,000 to 19,300 and deliveries between 22,500 and 23,000. The company expects the average sales price to be approximately $425,000.
What Else: The company will host a conference call at 11 a.m. ET Friday to discuss the results. BofA Securities analyst Rafe Jadrosich maintained Lennar with a Neutral rating and raised the price target from $171 to $190 before the print on Thursday.
LEN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Lennar shares are down 3.36% in extended trading at $185.99 after gaining 2.13% in Thursday&#8217;s regular session.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40923038/whats-going-on-with-carnival-stock">What&#8217;s Going On With Carnival Stock?</a></li>
</ul>
Photo: Shutterstock

Homebuilder Lennar Reports Better-Than-Expected Q3 Results: Details

West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) announced today that it will indefinitely curtail its sawmill in Lake Butler, Florida by the end of this month. Today's decision is the result of high fiber costs and soft lumber markets.
The indefinite curtailment of Lake Butler Sawmill will impact approximately 130 employees and reduce West Fraser's U.S. lumber capacity by approximately 110 million board feet. West Fraser expects to mitigate the impact on affected employees by providing work opportunities at other company operations.
High fiber costs at Lake Butler and the current low-price commodity environment have impaired the ability to profitably operate the mill. The indefinite curtailment of Lake Butler sawmill better aligns our U.S. lumber capacity with demand.
West Fraser anticipates taking an impairment charge in the third quarter of 2024 associated with the announcement.

West Fraser Timber Co. Announces It Will Indefinitely Curtail Its Sawmill In Lake Butler, Florida By The End Of This Month, As A Result Of High Fiber Costs And Soft Lumber Markets

Toyota Tsusho Memorandum of Understanding Arcadium Lithium announced the recent signing of a Memorandum of Understanding (MoU) with its long-time partner Toyota Tsusho Corporation (TTC), a key initial step in providing greater flexibility for Arcadium Lithium to optimize its global integrated operating network and to contribute its production expertise to Naraha.&nbsp; This includes using technical grade lithium carbonate produced at Olaroz to feed the Company's existing downstream lithium hydroxide network, thus allowing more battery grade lithium carbonate produced at Fénix to be sold directly to customers.&nbsp; This is expected to have a positive impact on the Company's earnings and to be achievable as early as 2026.

Contracts

ALTM

Arcadium Lithium Announced The Recent Signing Of A MoU With Its Long-Time Partner Toyota Tsusho Corporation To Optimize Its Global Integrated Operating Network And To Contribute Its Production Expertise To Naraha, Expected To Have A Positive Impact On The Co's Earnings And To Be Achievable As Early As 2026

<ul>
<li>Underscores unique position as a vertically integrated, diversified global producer of lithium chemicals with low-cost and high-quality assets</li>
<li>Details ongoing expansion programs expected to more than double total sales volumes by 2028 across multiple products and regions</li>
<li>Outlines path to Adjusted EBITDA1 of $1.3 billion by 2028 supported by strong and flexible balance sheet with peak net leverage of 2.1x1,2</li>
<li>Reaffirms significant expansion potential of one of the largest and most diverse resource bases in the industry</li>
<li>Accelerating plan to deliver $125 million of merger-related cost savings roughly two years ahead of initial target</li>
<li>Executed Memorandum of Understanding (MoU) with Toyota Tsusho in key step to unlocking further synergies</li>
</ul>
Arcadium Lithium plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>, ASX: LTM, ", Arcadium Lithium", &amp;nbsp, or the ", Company", )))), a leading global lithium chemicals producer, today provided a number of strategic updates at its inaugural 2024 Investor Day. &nbsp;During the event, the Company reviewed its operating, commercial and growth strategies while reinforcing its commitment to sustainability leadership.&nbsp; The Company also discussed its plans for disciplined volume expansion and provided a long-term financial view.

Guidance

Events

Arcadium Lithium's 2024 Investor Day Highlights Company's Strategic Vision And Pathway To Significant Growth; Sees Adjusted EBITDA Of $1.3B By 2028; Accelerating Plan To Deliver $125M Of Merger-Related Cost Savings Roughly 2-Years Ahead Of Initial Target

Ratings for QuidelOrtho (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for QuidelOrtho, revealing an average target of $57.25, a high estimate of $61.00, and a low estimate of $50.00. Surpassing the previous average price target of $51.00, the current average has increased by 12.25%.
<img src="https://www.benzinga.com/files/images/story/2024/1726779707_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of QuidelOrtho among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Sourbeer</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$50.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Alexander Nowak</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$57.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Conor McNamara</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$61.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Conor McNamara</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$61.00</td>
<td>$61.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to QuidelOrtho. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of QuidelOrtho compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of QuidelOrtho's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/QDEL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on QuidelOrtho analyst ratings.</a>
<h2>Unveiling the Story Behind QuidelOrtho</h2>
QuidelOrtho Corp is engaged in the development, manufacturing, and marketing of rapid diagnostic testing solutions. The company is engaged in immunoassay and molecular testing, clinical chemistry and transfusion medicine which helps clinicians and patients to make decisions across the globe. Geographically the company has its presence in North America, EMEA, China and Other countries. It generates majority if the revenue from North America.
<h3>QuidelOrtho's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining QuidelOrtho's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -4.22% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Health Care sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: QuidelOrtho's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -23.19%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): QuidelOrtho's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -4.56%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): QuidelOrtho's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.21%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.87.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

QDEL

Cracking The Code: Understanding Analyst Reviews For QuidelOrtho

Urban Edge Properties (UE) has issued an announcement. Jeffrey S. Olson has renewed his role as Chairman and CEO with an unchanged annual target co...

Urban Edge CEO Jeff Olson Secures New Compensation Deal

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
While targeting public enterprises for passive income represents a sound strategy, the sector can get overcrowded. By focusing on less-appreciated ideas, investors may be able to snag better deals. Therefore, the concept of overlooked <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> should be on your radar for a holistic approach to the market.



As with anything in life, sometimes the actual weight of a much-anticipated product or event doesn&rsquo;t match the hype. When that happens in the market, the typical response is a correction. Disappointment often leads to stakeholders exiting or at least trimming their exposure. The initial blast of crimson ink could send shares spiraling, which isn&rsquo;t particularly helpful.



Further, going for the less-heralded plays may provide a mixture of passive income and capital gains potential. That may not readily happen with ideas that are in the spotlight because all the underlying nuances are carefully assessed. With under-the-radar plays, there are more opportunities for pleasant surprises. On that note, below are overlooked dividend stocks to consider.



<h2>Delta Air Lines (DAL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/dal-stock-delta-1600-300x169.jpg" alt="Delta airlines aircraft interior full of passengers. Why are so many flights overbooked?"><div>Source: Cassiohabib / Shutterstock.com</div></div>On paper, Delta Air Lines (NYSE:<a href="https://investorplace.com/stock-quotes/dal-stock-quote/">DAL</a>) isn&rsquo;t exactly what you would call one of the overlooked dividend stocks. As a major carrier, it&rsquo;s frequently in the news. However, DAL stock has been struggling for traction since mid-May. Therefore, plenty of investors aren&rsquo;t paying attention to Delta. Over the long run, that could be a mistake.



While pressures against the consumer economy pose headwinds against the company&rsquo;s demand profile, it&rsquo;s also worth keeping mind the concept of <a href="https://www.hoteldive.com/news/travelers-prioritize-experiences-over-hotel-class-deloitte/705719/#:~:text=from%20your%20inbox.-,Travelers%20to%20prioritize%20experiences%20over%20hotel%20class%20in%202024%3A%20Deloitte,according%20to%20a%20new%20study.">travel prioritization</a>. While not as acute as the related concept revenge travel, workers are still allocating a significant amount of their discretionary budget for vacations and other experiential expenditures. It&rsquo;s worth keeping tabs on the opportunity.



In the trailing 12 months (TTM), Delta posted diluted earnings per share of $7.80 on sales of $59.04 billion. For fiscal 2024, covering experts anticipate a nearly 6% rise in EPS to $6.61. On the top line, sales could also rise by 6% (actually 6.1%) to $58.01 billion.



In terms of passive income, Delta isn&rsquo;t super generous. However, it does offer a forward yield of nearly 1.3%. Thus, it&rsquo;s one of the overlooked dividend stocks to consider.



<h2>Urban Edge Properties (UE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/reit-1600-300x169.png" alt="REITs to buy Real estate investment trust REIT on an office desk."><div>Source: Vitalii Vodolazskyi / Shutterstock</div></div>Structured as a real estate investment trust or REIT, Urban Edge Properties (NYSE:<a href="https://investorplace.com/stock-quotes/ue-stock-quote/">UE</a>) focuses on owning, managing, acquiring and developing retail properties in urban communities. Primarily, the company serves the Washington, D.C. to Boston, Massachusetts corridor. <a href="https://finance.yahoo.com/quote/UE/profile/">Per its public profile</a>, Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.



Again, the consumer economy faces challenges. And although the <a href="https://www.cnbc.com/2024/07/05/jobs-report-june-2024.html">latest jobs report</a> was mixed &ndash; particularly with unemployment rising to 4.1% &ndash; the labor market still saw an increase of 206,000 payrolls. Generally speaking, more money continues to chase after fewer goods, which should be positive for retail-oriented REITs. Plus, the aforementioned corridor tends to cover high-income communities.



In the TTM period, Urban Edge posted net income of $270 million or $2.29 per share. Revenue in the period hit $417.11 million, with the business recently showing signs of expansion. For fiscal 2024, experts believe that revenue could hit $431.84 million. If so, that would imply a growth rate of 3.6% from last year.



As for passive income, Urban Edge carries a forward yield of 3.76%. It&rsquo;s a candidate for overlooked dividend stocks.



<h2>Travel + Leisure (TNL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/air-travel-1600-300x169.png" alt="Plane travel. Man standing in airport waiting for flight. travel stocks to buy"><div>Source: Olena Yakobchuk / Shutterstock</div></div>Falling under the consumer cyclical sector, Travel + Leisure (NYSE:<a href="https://investorplace.com/stock-quotes/tnl-stock-quote/">TNL</a>) &ndash; as you might imagine &ndash; operates in the travel services space. With its subsidiaries, TNL provides hospitality services and travel products in the U.S. and other international markets. <a href="https://finance.yahoo.com/quote/TNL/profile/">Per its corporate profile</a>, the enterprise operates in two segments: Vacation Ownership and Travel and Membership. Essentially, the company specializes in selling vacation ownership interests along with boutique experience packages.



Fundamentally, it&rsquo;s an intriguing idea but it also presents risks. As stated earlier, the travel prioritization concept should theoretically bolster TNL stock. In addition, the underlying business model caters to a more affluent consumer base. On the other hand, depending heavily on wealth can be a hit-or-miss affair. For example, look at some of the underperformance of electric vehicle stocks until recently.



Still, for the adventurous, TNL could be intriguing. Its earnings and sales expand at a slow but steady clip. Shares also trade at 0.84X trailing-year sales. That&rsquo;s a bit undervalued compared to the trailing year, when the average averaged around 0.89X.



Analysts see a sales bump of 4.2% to $3.91 billion. The company also offers a forward yield of 4.62%.



<h2>GeoPark (GPRK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/oil-price-predictions1600-300x169.png" alt="Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Oil prices and oil price predictions"><div>Source: Golden Dayz / Shutterstock.com</div></div>Based in Colombia, GeoPark (NYSE:<a href="https://investorplace.com/stock-quotes/gprk-stock-quote/">GPRK</a>) falls under the oil and gas exploration and production segment of the hydrocarbon value chain. Also known as upstream, this sector has become especially relevant due to geopolitics. Basically, the world continues to run on oil yet most of this &ldquo;black gold&rdquo; is the hands of questionable authorities. That&rsquo;s the best way I can put it diplomatically.



Fundamentally, what makes GeoPark attractive is where its upstream business is occurring. Covering nations such as Chile, Brazil, Argentina, Ecuador and its home market, these are relatively friendly jurisdictions. Certainly, it&rsquo;s not like dealing with Russia or Saudi Arabia. Plus, the closer geography helps.



Admittedly, the company&rsquo;s earnings performances in the past four quarters have been a bit soft. During the TTM period, it posted net income of $115 million or $2.03 per share. Revenue came out to $741.59 million. For fiscal 2024, analysts anticipate EPS to hit $3.11 on sales of $787.4 million. The latter metric implies a 4.1% gain, which isn&rsquo;t unreasonable given the geopolitical backdrop.



What also may attract investors is the forward yield, which stands at 5.51%. While risky, it&rsquo;s one of the enticing overlooked dividend stocks to consider.



<h2>Global Ship Lease (GSL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/container_ships_1600-300x169.png" alt="Aerial view container ship business import export logistic and transportation of international by container cargo ship in the open sea, Marine cargo freight shipping."><div>Source: Avigator Fortuner / Shutterstock.com</div></div>Conducting business in the industrial sector, Global Ship Lease (NYSE:<a href="https://investorplace.com/stock-quotes/gsl-stock-quote/">GSL</a>) falls under the rental and leasing services ecosystem. Together with its subsidiaries, Global Ship engages in the ownership and chartering of containerships under fixed-rate contracts. As of March of this year, the company owned <a href="https://finance.yahoo.com/quote/GSL/profile/">68 mid-sized and smaller containerships</a>.



As alluded to earlier, the challenges of the consumer economy &ndash; both in the U.S. and throughout the world &ndash; present obstacles. At the same time, if you have a more optimistic view of the post-pandemic recovery, GSL stock could be interesting. In the past four quarters, the company posted an average EPS of $2.36. In contrast, analysts were only anticipating $2.21.



In the TTM period, Global Ship posted net income of $312.25 million or $8.62 per share. Revenue in the cycle hit $688.85 million. By the end of the year, EPS could rise by 6.42% to hit $9.61. On the top line, sales may see an increase of 2.9% to $694.65 million.



For passive income, the shipping firm offers a forward yield of 5.52% along with a lowly payout ratio of 17.4%. Therefore, it ranks among the overlooked dividend stocks to consider.



<h2>Opera (OPRA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/opra-stock-1-300x169.jpg" alt="A phone displaying the Opera (OPRA) app"><div>Source: bangoland / Shutterstock.com</div></div>Headquartered in Oslo, Norway, Opera (NASDAQ:<a href="https://investorplace.com/stock-quotes/opra-stock-quote/">OPRA</a>) operates in the Internet content and information industry. <a href="https://finance.yahoo.com/quote/OPRA/profile/">According to its public profile</a>, Opera along with its subsidiaries provides mobile and PC web browsers and related products and services. In particular, the company has attracted attention for its artificial intelligence-powered personalized news discovery and aggregation offering.



With generative AI becoming an increasingly important component of everyday life, Opera could be one of the early enterprises to leverage the technology for practical applications. The signs are encouraging. In the past four quarters, the company&rsquo;s average EPS landed at 49 cents. On the other hand, analysts were anticipating a print of only 19 cents.



Presently, OPRA stock trades hands for only 2.89X trailing-year sales. Over the past year, this metric clocked in at 3.85X. So, there may be good value to be had here. Enticingly, covering experts believe that revenue could pop 15.9% by the end of this year to $459.8 million. It could jump another 14.3% to $525.34 million in fiscal 2025.



Lastly, the enterprise offers a robust forward yield of 6.24%. The payout ratio is modest too at 47%, making OPRA one of the overlooked dividend stocks.



<h2>Dine Brands (DIN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/applebees_dine_brands_din1600-300x169.jpg" alt="din stock"><div>Source: Shutterstock</div></div>Another risky but tempting idea for overlooked dividend stocks, Dine Brands (NYSE:<a href="https://investorplace.com/stock-quotes/din-stock-quote/">DIN</a>) &ndash; as you probably deduced &ndash; operates in the restaurant industry. Along with its subsidiaries, Dine owns, franchises and operates restaurants both in the U.S. and in international markets. It&rsquo;s perhaps best known for its International House of Pancakes brand or IHOP. It also owns Applebee&rsquo;s Neighborhood Grill + Bar.



To be sure, the restaurant space is tricky because the consumer discretionary segment is tricky. Many folks are trying to save their money in a high inflation and high interest rate environment. At the same time, the labor market is quite healthy, relatively speaking. Therefore, people who want jobs generally can find them. That should be net positive for the consumer demographic that Dine is targeting.



Right now, DIN stock trades at 0.59X trailing-year sales. That&rsquo;s quite low compared to the prior year&rsquo;s average of around 0.97X. Granted, there&rsquo;s not much growth projected for Dine &ndash; less than 0.7% in fiscal 2024. Still, that is growth, not a negative trend. Further, in fiscal 2025, sales could pop almost 2% to $850.97 million.



For those who are willing to take the risk, the company offers a forward yield of 6.34%.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/7-overlooked-dividend-stocks-to-buy-for-income-at-a-bargain/">7 Overlooked Dividend Stocks to Buy for Income at a Bargain</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Overlooked Dividend Stocks to Buy for Income at a Bargain

Morgan Stanley analyst Ronald Kamdem maintained a Hold rating on Urban Edge Properties (UE – Research Report) today and set a price target of $19.0...

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Urban Edge Props

Urban Edge Props (UE) Forecast

Urban Edge Props (NYSE:UE) Stock, Quote.Headers.trade-ideas