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American Greetings Corp (NYSE:AM) stock soared to a 52-week high of $16.86, marking a significant milestone for the company’s financial performance over the past year. With a market capitalization of $8.1 billion and a P/E ratio of 20.72, InvestingPro analysis suggests the stock is trading slightly above its Fair Value. This peak reflects a precise 44.17% increase over the past year, showcasing the company’s strong market presence and investor confidence. The greeting card giant’s stock has been on an upward trajectory, buoyed by strategic business moves and positive earnings reports, which have resonated well with investors and analysts alike. The 52-week high serves as a testament to American Greetings’ resilience and adaptability in a competitive and ever-changing retail landscape. Discover 7 more exclusive insights about American Greetings with an InvestingPro subscription, including detailed valuation metrics and growth forecasts.
In other recent news, Antero Midstream Corp reported impressive Q4 2024 results, surpassing forecasts. The corporation reported an earnings per share (EPS) of $0.26, which exceeded the predicted $0.23. Additionally, revenue came in higher than anticipated, reaching $287.48 million compared to the projected $277.42 million. These favorable results were driven by robust financial metrics and strategic initiatives.
Antero Midstream also marked its 10th consecutive year of EBITDA growth, reporting an EBITDA of $274 million for the quarter, an 8% year-over-year increase. The company’s full-year EBITDA reached $1.05 billion. Furthermore, the company achieved a record return on invested capital of 19% and reduced its absolute debt by nearly $100 million.
Looking ahead, Antero Midstream anticipates mid-single-digit EBITDA growth for 2025. The company projects free cash flow after dividends to be between $250 and $300 million, a 10% year-over-year increase. The dividend is expected to remain at $0.90 per share. Antero Midstream plans to continue focusing on capital efficiency and may allocate free cash flow towards share repurchases and further debt reduction. These are recent developments and investors should monitor the situation closely.
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