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Stocks That Fell to 3-Year Lows in the Week of April 24

According to GuruFocus data, Canon Inc. (NYSE:CAJ), HSBC Holdings PLC (NYSE:HSBC), Southwest Airlines Co. (NYSE:LUV) and ORIX Corp. (NYSE:IX) have reached their three-year lows.

Canon Inc. declined to $19.94

The prices of Canon Inc. shares declined to $19.94 on April 24, which is 4.1% above the three-year low of $19.13.

Canon Inc. is a Japanese international corporation focusing on the manufacture of imaging and optical products. Some of the company's products include cameras, camcorders, photocopiers, steppers and computer printers. The company has a primary listing on the Tokyo Stock Exchange and a secondary listing on the New York Stock Exchange. The company is also a component of the TOPIX Core 30.


Canon Inc. has a market cap of $20.85 billion; its shares were traded around $19.94 with a price-earnings ratio of 18.65 and price-sales ratio of 0.65. The trailing 12-month dividend yield of Canon Inc. stocks is 7.52%. The forward dividend yield of Canon Inc. stocks is 7.52%.

On April 20, Canon Inc. announced the CINE-SERVO 25-250mm T2.95-3.95, a new CINE-SERVO lens designed to be used with 4K cameras. The new lens will be available in both EF and PL mount and features 10x optical zoom, a built-in 1.5x extender and a removable servo motor drive unit. The CINE-SERVO is scheduled to be available in the later half of 2020 for an estimated retail price of $29,999.

HSBC Holdings PLC declined to $24.98

The prices of HSBC Holdings PLC shares declined to $24.98 on April 24, which is 4.1% above the three-year low of $23.95.

HSBC Holdings PLC is a British international financial services holding company. The company has around 3,900 offices in 67 countries across the glove and around 38 million customers. The company is also a component of the FTSE 100.

HSBC Holdings PLC has a market cap of $102.83 billion; its shares were traded around $24.98 with a price-earnings ratio of 17.05 and price-sales ratio of 1.55. The trailing 12-month dividend yield of HSBC Holdings PLC stocks is 6.02%.

On March 31, HSBC Holdings PLC announced that the company's Board has received from the Bank of England through the Prudential Regulation Authority a written request not to pay the fourth interim dividend in respect of 2019. The Board has met to discuss the written request from the PRA and has cancelled the fourth interim dividend of $0.21 per share due to the significant uncertainties posed by the pandemic. The Board has also decided to not make quarterly dividend payments until the end of 2020.

Southwest Airlines Co. declined to $29.33

The prices of Southwest Airlines Co. shares declined to $29.33 on April 24, which is 1.8% above the three-year low of $28.80.

Southwest Airlines Co. is an American airline company and is the world's largest low-cost carrier. The airline has more than 60,000 employees as of 2019 and operates about 4,000 departures a day during peak travel season. The company is a component of both the DJTA and the S&P 500.

Southwest Airlines Co. has a market cap of $14.92 billion; its shares were traded around $29.33 with a price-earnings ratio of 6.84 and a price-sales ratio of 0.71. The trailing 12-month dividend yield of Southwest Airlines Co. stocks is 2.44%. The forward dividend yield of Southwest Airlines Co. stocks is 2.44%. Southwest Airlines Co. had an annual average earnings growth of 22.60% over the past 10 years.

On April 20, Southwest Airlines Co. announced that it has finalized terms with the United States Department of Treasury regarding the acceptance and disbursement of funds included in the Payroll Support Program under the CARES Act. As per the agreement, the company will receive more than $3.2 billion in disbursements over the next couple months, supporting job protection for more than 60,000 employees through Sept. 30, 2020.

ORIX Corp declined to $54.83

The prices of ORIX Corp. shares declined to $54.83 on April 24, which is 4.0% above the three-year low of $52.65.

ORIX Corp. is Japanese international diversified financial services group. The company offers a diverse set of financial services, including leasing, lending, rentals, life insurance, real estate financing and development and retail banking. The company offers financial services in North America, Asia, the Middle East and Northern Africa.

ORIX Corp. has a market cap of $13.77 billion; its shares were traded around $54.83 with a price-earnings ratio of 4.59 and price-sales ratio of 1.12. The trailing 12-month dividend yield of ORIX Corp. stocks is 6.79%. The forward dividend yield of ORIX Corp. stocks is 6.79%.

On April 3, ORIX Corp. announced an update regarding the status on its share repurchase program. The company repurchased 4,978,400 common shares for a total purchase price of 7,282,157,350 Japanese Yen ($67.73 million) from the period of March 1, 2020 through March 31, 2020.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.