|Bid||53.93 x 1000|
|Ask||54.27 x 900|
|Day's Range||54.18 - 55.72|
|52 Week Range||47.26 - 59.65|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2020 - May 10, 2020|
|Forward Dividend & Yield||2.00 (3.64%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||67.25|
The Zacks Analyst Blog Highlights: NMI, Bunge, Applied Materials, Tallgrass Energy and Sun Life Financial
Shares of Bunge Ltd. were indicated up nearly 4% premarket trading Wednesday, after the oil and products sourcing and processing company reported a fourth-quarter adjusted profit that was well above expectations, although sales fell short. The net loss narrowed to $68 million, or 48 cents a share, from $74 million, or 52 cents a share, in the year-ago period. Excluding one-time items, such as charges for impairment and the of the Brazilian sugar business, adjusted earnings per share rose to $1.27 from 8 cents, beating the FactSet consensus of 28 cents. Sales fell 6.6% to $10.78 billion, below the FactSet consensus of $11.51 billion. Within Bunge's largest business segments, agribusiness sales fell 8.7% to $7.41 billion and edible oil products sales rose 2.8% to $2.42 billion. For 2020, Bunge said it expects EPS to be "broadly in line" with 2019, when excluding items such as the gain on its Beyond Meat Inc. investment and a depreciation benefit in the sugar and bioenergy business. The stock has slipped 1.3% over the past three months through Tuesday, while the S&P 500 has advanced 8.6%.
The global agribusiness Bunge has written off a substantial chunk of a large edible oils acquisition that was meant to boost the company’s high-margin food ingredient sales. Loders produces palm and other tropical oils, which Mr Schroder said would accelerate growth in value-added product sales for what has historically been a commodity business. Mr Schroder was replaced in early 2019 by Greg Heckman after activist investors took aim at the company.
Bunge Limited (BG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Although corporate earnings growth was negative year over year in the first three quarters of last year, fourth-quarter results are faring better than initially anticipated.
Avis Budget Group, Inc. (CAR) (the “Company”) today announced that Bernardo Hees has been appointed to the Company’s Board of Directors (the “Board”) and named Independent Chairman of the Board and Chair of the Board’s Executive Committee, effective immediately. Over the last 15 years, Mr. Hees has served as CEO of The Kraft Heinz Company, Burger King Worldwide Holdings, Inc., and America Latina Logistica.
Bunge Limited (NYSE:BG) stock is about to trade ex-dividend in 4 days time. Investors can purchase shares before the...
Investment in mid-cap stocks is recognized as a good portfolio diversification strategy. These stocks combine attractive attributes of both small and large-cap stocks.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Bunge Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
LyondellBasell's (LYB) Q4 results are likely to reflect benefits from low-cost natural gas, synergies from the A. Schulman acquisition and improved performance at Houston refinery.
While Eastman Chemical (EMN) is likely to have gained from its cost-cutting actions in Q4, weak demand might have hurt its sales and earnings.