VALU's earnings for the second quarter of the fiscal year increased by 62% compared to the same period last year, thanks to high EAM revenues and investment profits. There is also a significant rise in shareholder equity.
VALU's fiscal second-quarter earnings jump 62% year over year, driven by strong EAM revenues and investment gains. Shareholder equity shows strong improvement.
VALU posted a 21% increase in Q1 net income, fueled by a 48% surge in EAM-related revenue and strong investment gains. Shareholders' equity also rose 3.4% during the quarter.
Value Line (VALU) reports an 18.6% year-over-year increase in net income during the quarter ended Apr 30, 2024. It has also declared increased dividends for the tenth consecutive year.
NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- Value Line, Inc. (NASDAQ: VALU ) announced today that its Board of Directors declared on July 19, 2024 a quarterly cash dividend of $0.30 per common share, payable on August 12, 2024, to stockholders of record on July 29, 2024. The Company has 9,418,074 shares of common stock outstanding as of July 19, 2024.
Discover why Zacks rates Value Line as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore its diversified revenue, strong balance sheet, and appealing dividend profile while examining challenges like declining core product revenues and dependency on EAM Trust.