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Michaels Companies releases an update on Michaels Rewards loyalty program
https://themarketsignal.com/Free-Report/MIK
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Michaels Companies Inc (NASDAQ:MIK) has a forward P/E of 5.32 which is below its current P/E of 6.71 indicating that the earnings of the company are expected to increase in future.
The Michaels Companies, Inc., (NASDAQ: MIK) has announced an update in its Michaels Rewards loyalty program in a bid to create more ways to reward customers. The company has introduced an introductory offer of $5 in rewards on all purchases of $25 and above. Members will be able to redeem $5 Rewards Voucher to redeem for every $5 in accumulated rewards.
Genworth Financial has announced its financial results for 2Q 2020
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Genworth Financial Inc (NYSE:GNW) has a forward P/E of 5.53 which is way below its current P/E of 6.28 indicating that the earnings of the company are expected to increase in future.
2Q 2020
Genworth Financial has reported $441 million or $0.86 per diluted share in net loss in 2Q 2020. This is a big increase compared to the $168 million or $0.33 per diluted share in net income in 2Q 2019. The company also reported $21million in adjusted operating loss during the quarter compared to operating income of $178 million reported in 2Q 2019.
In other announcements, Genworth Financial has announced that its merger agreement with China Oceanwide Holdings Group Co., Ltd will be completed by not later than September 30, 2020. The company has also reached an agreement with AXA S.A. (AXA) to settle liability for payment of Protection Insurance Mis-Selling.
ACCO Brands to pay cash dividends to shareholders
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ACCO Brands Corporation (NYSE:ACCO) has a forward P/E of 5.86, which is way below its current P/E of 8.15 indicating that the earnings of the company are expected to increase in future.
ACCO Brands will pay a cash dividend of $0.065 per share to stockholders.
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COMTEX_369034128/2700/2020-08-07T10:34:41
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