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Recent Articles
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Walmart’s Earnings Outlook Falls Short of Expectations
Feb 21, 2025
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Image Source: Walmart.
Walmart ended its fiscal year with cash and cash equivalents of $9.0 billion and total debt of $45.8 billion. Operating cash flow for fiscal 2025 was $36.4 billion, an increase of $0.7 billion from last year, while free cash flow remained robust at $12.7 billion. Looking to the first quarter of fiscal 2026, net sales are expected to increase 3%-4%, while adjusted operating income is expected to advance 0.5%-2%, with adjusted earnings per share targeted in the range of $0.57-$0.58, below the $0.65 consensus estimate. For all of fiscal 2026, net sales are anticipated to increase 3%-4%, with adjusted operating income expected to increase 3.5%-5.5%. Adjusted earnings per share is targeted in the range of $2.50-$2.60 for the full year (consensus was at $2.76), inclusive of a $0.05 headwind from currency. Shares yield 0.9%.
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Dividend Increases/Decreases for the Week of February 21
Feb 21, 2025
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Let's take a look at firms raising/lowering their dividends this week.
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Albemarle Has Line of Sight to Breakeven Free Cash Flow in 2025
Feb 19, 2025
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Image Source: Albemarle.
Albemarle recorded full-year cash flow from operations of $702 million, which represented 60% of adjusted EBITDA, revealing good cash flow conversion. Management plans to further reduce 2025 capital expenditures by $100 million, to the range of $700-$800 million, down more than 50% on a year-over-year basis. Albemarle noted that it has a “line of sight to breakeven free cash flow in 2025,” which should alleviate some pressure on its stock.
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Republic Services Remains a Cash Cow
Feb 19, 2025
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Image Source: Republic Services.
For the full year, Republic’s cash provided by operating activities was $3.94 billion, up 8.8% from last year. Adjusted free cash flow was $2.18 billion, an increase of 10% versus the prior year. The company returned $1.18 billion in cash to shareholders during 2024, consisting of $490 million of share repurchases and $687 million of dividends paid. Looking to 2025, Republic expects revenue in the range of $16.85-$16.95 billion and adjusted EBITDA in the range of $5.275-$5.325 billion. Adjusted diluted earnings per share is targeted in the range of $6.82-$6.90 for the year, while adjusted free cash flow is expected in the range of $2.32-$2.36 billion. We continue to like Republic Services as an idea in the newsletter portfolios.
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