Valterra Platinum Cuts First-Half Dividend 79% as Profit Slumps
The Johannesburg-listed miner also slashed its interim dividend to 2 rand per share, a drop of 79% compared with a year earlier, according to results released on Monday. Valterra completed its separation from Anglo at the start of June.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
What You Need to Know Ahead of Darden Restaurants' Earnings Release
Valued at a market cap of $23.9 billion, Darden Restaurants, Inc. (DRI) is a leading full-service restaurant company headquartered in Orlando, Florida. It operates thousands of restaurants under iconic brands such as Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Eddie V's, and Bahama Breeze. The company is scheduled to announce its fiscal Q1 earnings for 2026 on Thursday, Sept. 18. Analysts project this restaurant company to report a profit of $1.99 per share in Q1, up 13.7% from $1.75 per share in the year-ago quarter. The company has missed Wall Street's bottom-line estimates in three of the last four quarters, while exceeding on another occasion. Its earnings of $2.98 per share in the previous quarter outpaced the consensus estimates by a slight margin. More News from Barchart Warren Buffett Warns Inflation Turns Business Into 'The Upside-Down World of Alice in Wonderland' But Weeds Out 'Bad Businesses' Why GOOGL Stock May Be the Market's Next Big Winner Alphabet Posts Lower Free Cash Flow and FCF Margins - Is GOOGL Stock Overvalued? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full year, analysts expect DRI to report EPS of $10.63, up 11.3% from $9.55 per share in fiscal 2025. Its EPS is expected to further grow 7.4% year-over-year (YoY) to $11.42 in fiscal 2027. DRI has rallied 44.1% over the past 52 weeks, considerably outperforming both the S&P 500 Index's ($SPX) 18.3% return and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 24.5% uptick over the same time frame. Shares of DRI surged 1.4% on June 20, after its Q4 earnings release. The company's overall revenue advanced 10.6% YoY to $3.3 billion, with blended same-restaurant sales increasing by 4.6%. Its top-line figure came in line with the consensus estimates. Moreover, its adjusted EPS from continuing operations improved 12.5% annually to $2.98. Looking ahead to fiscal 2026, DRI expects sales growth of 7% to 8%, and anticipates adjusted EPS from continuing operations to be between $10.50 and $10.70. Wall Street analysts are moderately optimistic about DRI stock, with an overall "Moderate Buy" rating. Among 28 analysts covering the stock, 16 recommend a "Strong Buy," two indicate a "Moderate Buy," and 10 advise a 'Hold.' The mean price target for DRI is $234.64, indicating a 14.7% upside potential from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Bloomberg
25 minutes ago
- Bloomberg
Namibia to Expand Capital Markets With New Listings, Instruments
Namibia seeks to expand its capital markets by introducing new investment instruments, increasing local listings, and improving financial market infrastructure, according to a 10-year plan. The southern African nation intends to introduce five new financial instruments annually, raise the number of registered investors by 70%, and increase the value of listed assets on the Namibian Stock Exchange to 75% of gross domestic product by 2035 from 17.3%, according to its Financial Sector Transformation Strategy published on Monday.
Yahoo
an hour ago
- Yahoo
Mexico's Pemex swings to net profit in Q2
MEXICO CITY (Reuters) -Mexico's state energy company Pemex on Monday reported a swing to net profit in the second quarter, reaching 59.52 billion pesos ($3.17 billion), from a net loss of 273.33 billion pesos in the same quarter last year. In a filing with Mexico's main stock exchange, it also reported that revenues fell 4.4% during the April-June period to 391.62 billion pesos, which the heavily indebted company attributed to lower crude oil sales and lower prices for petroleum products like gasoline and diesel. Earning before interest, taxes, depreciation and amortization (EBITDA) were 76 billion pesos quarter, the company reported. Pemex, which reported a financial debt of $98.8 billion at the end of the quarter, said it had received 94 billion pesos in government support to help its financial position. It is one of the country's largest companies and contributors to state coffers. Crude oil and condensate production with partners for the quarter averaged 1.64 million barrels per day while natural gas production averaged 3.59 billion cubic feet per day. ($1 = 18.7654 Mexican pesos at end-June)
