Latest news with #Missouri-based
Yahoo
5 hours ago
- Business
- Yahoo
Jack Henry & Associates' Quarterly Earnings Preview: What You Need to Know
Monett, Missouri-based Jack Henry & Associates, Inc. (JKHY) is a financial technology company that connects people and financial institutions through technology solutions and payment processing services. With a market cap of $13.1 billion, the company operates through four segments: Core, Payments, Complementary, and Corporate and Other. JKHY is scheduled to report its Q4 earnings on Tuesday, Aug. 19. Ahead of this event, analysts expect the company to report a profit of $1.46 per share, up 5.8% from $1.38 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters, which is impressive. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Billionaire Peter Thiel is Betting Big on Stablecoins. Should You Buy the "MicroStrategy of Ethereum," Too? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For fiscal 2025, analysts expect JKHY to report an EPS of $5.84, up 11.7% year over year from $5.23 in fiscal 2024. JKHY stock has grown 8.1% over the past 52 weeks, underperforming the Technology Select Sector SPDR Fund's (XLK) 15.6% surge and the S&P 500 Index's ($SPX) 14.5% uptick during the same time frame. On May 6, JKHY shares closed down marginally following the release of its Q3 results. The company's revenue totaled $85.1 million, falling short of Wall Street's forecasts of $586.8 million. However, its adjusted EPS came in at $1.52, surpassing the consensus estimates by 17.8%. Looking ahead, JKHY expects full-year adjusted EPS to be between $5.83 and $5.87, and adjusted revenue in the range of $2.33 billion to $2.34 billion. Wall Street analysts are skeptical about JKHY's stock, with a "Hold" rating overall. Among 17 analysts covering the stock, three suggest a 'Strong Buy,' 12 suggest a 'Hold,' and two suggest a 'Strong Buy.' JKHY's average analyst price target of $185.62 indicates a 2.8% potential upside from the current levels. On the date of publication, Kritika Sarmah 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
Yahoo
2 days ago
- Business
- Yahoo
Cole McBee Makes a Shocking Claim About His Family's Finances: "We Might Lose the Farm"
The first day of harvest arrived on The McBee Dynasty: Real American Cowboys, providing the family business with a much-needed money-making opportunity. As seen in Season 2, Episode 4, however, things quickly took an unexpected turn when Cole McBee "hit another tractor," as he admitted in a confessional, while harvesting a cornfield. "This is not good. This is a bad deal," he said. "We need every single combine working because we have to get this grain out of the fields and sold." The reason? "We've got $6 million that's due to get our debt paid off, or we might lose the farm." RELATED: Steven McBee Jr. Threatens To Fire Galyna in Shocking Confrontation: "Business Is Going to Hell" Cole's older brother, Steven McBee Jr., whom their father Steven McBee Sr. left in charge of the Missouri-based company, was on site to witness the mishap, noting that they had "two dead combines in the field and a bunch of corn to cut." In a confessional, he added, "Cole is constantly complaining to me to let him have some more power and authority within the farm. And I love my brother; he's a hard worker. But this is exactly why he's not in charge of the farm." Inside the McBee family's debt and financial drama On The McBee Dynasty's Season 2 premiere, Steven Jr. previously confessed, "In the financial state of the farm, we're leveraged out," adding that they have "close to $70 million in debt." The expenses he listed included: payroll, a meat facility, seed and fertilizer, a fulfillment center, vehicles, fuel, equipment repair, cattle feed, utilities, insurance, cattle medicine, and attorneys. "It keeps me up at night," he said. "We could lose our entire company immediately." He and Cole disagreed on how to tackle the debt, however. RELATED: McBee Brothers Almost Throw Down Over a Secret Lease & $6 Million Dues: "Just Went Rogue!" (WATCH) Earlier in the season, Steven Jr. was livid that Cole "went rogue" and secretly signed a farm lease behind his back. Reminding him of the $6 million that was due in just over a month, he angrily asked, "You think you're the f--king boss? You wanna start signing every single check and see how tight things are? You wanna start talking to the banks?" Whereas Cole saw the "damn good lease" as an opportunity to pay down the McBee Farm & Cattle Co.'s debt via crop production, Steven Jr. believed that their ticket to financial freedom was in livestock. He even began working on a lucrative partnership with a popular Kansas City barbeque joint when CFO Galyna Saltkovska went AWOL. After all, as he saw it, the reason the McBees were in financial trouble in the first place partially stemmed from Missouri's unpredictable weather undercutting their crop-production revenue. Nevertheless, Cole refused to "get screamed at" while "just doing what's right for the farm," telling producers, "Steven is just so convinced there's no money in [crops] when I think our best years are yet to come." How Steven McBee Sr.'s legal issues impacted the family's finances Further complicating matter was that fact that their father, Steven Sr., was under FBI investigation at the time. In November 2024, Steven Sr. pleaded guilty to one count of federal crop insurance fraud, thereby admitting "that he engaged in fraudulent activity from 2018 to 2020 that caused an economic loss to the U.S. Department of Agriculture," according to a statement from the U.S. Attorney's Office in the Western District of Missouri. Related: Inside Steven McBee & the McBee Farm & Cattle Co.'s Legal Issues Steven had reportedly submitted fraudulent documents underreporting his corn crop and soybean crop totals in 2018, resulting in him receiving more than a combined $3 million in federal crop insurance subsidies and federal crop insurance premium subsidies. In addition to facing up to 30 years in federal prison without parole, he has to pay back the government more than $3 million. Steven's sentencing is currently scheduled for September 9, 2025, according to DTN. Get more with Bravo Insider Sign up for Bravo Insider and read behind-the-scenes features including: Summer House Cast Reveals Behind-the-Scenes Filming Secrets (Including Those Mystery Packages) Real Housewives on Vacation: The Delicate Science Behind Group Trip Room Assignments Porsha Williams Details Journey From "Innocent" RHOA Newbie to "Supernova" on Season 16 From "Friend of" to Full-Time Real Housewife: Keiarna & Shamea Tell All Get more detail about the McBee family's legal and financial issues here. Solve the daily Crossword
Axios
2 days ago
- Business
- Axios
Why your grocery bill in Virginia might keep climbing
Beef prices have reached record highs nationwide — hitting Virginia at peak grilling season. Why it matters: The steep price tag might squeeze grocery budgets for the next two to four years, says Patrick Montgomery, CEO and cofounder of Missouri-based KC Cattle Company. These costs are "just the tip of the iceberg," Montgomery tells Axios. By the numbers: Ground beef — the second-most consumed meat nationwide — averaged $6.12 a pound in June, up nearly 12% from a year ago, according to federal data released last week. It's the first time that ground beef has been above $6 since the Consumer Price Index (CPI) data collection began in the 1980s, per the Joint Economic Committee's minority arm. Meanwhile, Virginians are eating more beef now (59.1 pounds) than they were last year (58.9). Zoom out: The beef supply chain is being strained by a multi-year drought and high consumer demand while farmers face higher production expenses. Pittsylvania County cow producer Hunter Johnson told WSET the costs of expenses like pesticides and fertilizers have increased 30-35%. And the Virginia Cooperative Commission says cattle supply is the lowest it's been since 2014. The other side: The spike in prices for "conventional sources of beef" could be a good thing for local butcher shops like Belmont Butchery, owner Tanya Cauthen tells Axios. "It actually makes local meat more competitive as a result because there's less of a price difference," she says. Yes, but: Cauthen has noticed that customers are buying smaller portions and asking more about alternative or cheaper steak cuts. Her pro tip on maintaining a family food budget: "Talk to your butcher about what you're trying to make, because they will probably have a suggestion that you would've never thought of." What we're watching: Whether the incoming U.S. tariff on Brazil, which accounts for nearly a quarter of all U.S. beef imports, will have an impact on Richmond-area restaurants.
Axios
5 days ago
- Business
- Axios
Beef prices keep going up, and there's no end in sight
Beef prices are at record highs, and industry experts tell Axios they could stay that way into 2026 and beyond. Why it matters: Meat's high price tag is squeezing grocery budgets at the height of grilling season, and as President Trump's tariffs creep into the inflation data. These prices "are just the tip of the iceberg," Patrick Montgomery, CEO and cofounder of Missouri-based KC Cattle Company, told Axios. "Prices for beef will continue to be tumultuous for the next two to four years." CPI shows rise in ground beef, steak prices By the numbers: Ground beef averaged $6.12 a pound in June, up nearly 12% from a year ago, according to new federal data released Tuesday. Steak prices jumped 8% year-over-year, per the latest Consumer Price Index (CPI) from the U.S. Bureau of Labor Statistics. It's the first time that ground beef has been above $6 since CPI data collection began in the 1980s, per the Joint Economic Committee's minority arm. It's a heavy price pressure for the second-most consumed meat in the U.S., according to USDA data released Thursday. The average American is expected to consume 59.1 pounds of beef in 2025 — compared with 102.5 pounds of chicken and 50.3 pounds of pork, per the data. What's behind the high price of meat The big picture: America's beef supply chain is being strained from multiple angles: climate, policy and economics. A multi-year drought shrunk cattle herds, and global imports are under threat — but consumer demand remains strong. "We're dealing with lower supplies of beef, and that's what's really driving up our prices of beef right now," Courtney Schmidt, sector manager at Wells Fargo's Agri-Food Institute, tells Axios, noting that it is taking a long time for herds to recover from the 2021-2022 drought. The number of farms in the U.S., including ranches, declined by 7% or 141,733 between 2017 and 2022, according to the latest USDA Census of Agriculture report, published in February 2024. The American Farm Bureau Federation cites high production expenses and foreign competition as two reasons for the closings. Zoom in: In May, the U.S. suspended live cattle imports from Mexico because of the New World Screwworm, a parasitic flesh-eating maggot. Andrew Coppin, CEO and co-founder of Ranchbot, tells Axios the temporary banning of the import of Mexican cattle added to this price pressure. "What we are experiencing as a country is a trifecta resulting in the perfect storm for record high beef prices," Montgomery told Axios. Trump's new 50% Brazil tariff, more imported beef Zoom out: With lower supplies in the U.S., Wells Fargo's Schmidt says there has been an increase in beef imports. "Those higher imports of beef have not been enough to offset the lower supply that we're having in the U.S. but that is helping with some of our prices," Schmidt said, adding that imported beef is primarily coming from Australia, Brazil and some from New Zealand. Yes, but: A new 50% U.S. tariff on Brazilian imports starting Aug. 1 could further disrupt global supply chains. Brazil accounts for around 23% of all U.S. beef imports. Brazilian meatpackers are reconsidering future beef shipments to the U.S. because of the tariff, Reuters reported Tuesday. Walmart opens its first beef facility The intrigue: Walmart, the world's largest retailer, opened its first-ever owned and case-ready beef facility in Olathe, Kansas, last month — part of a multiyear push to gain more control over the meat supply chain. Beef from the new 300,000-square-foot facility will be sold at Walmart stores in the Midwest region as part of a commitment to American-made products, the company said. Walmart hasn't disclosed what percentage of its total beef supply this facility will serve, but told Axios the Midwest region represents more than 600 stores across 14 stores. The retailer said the new facility increases "needed capacity in the beef industry and allows Walmart greater control in offering high-quality items for its customers while keeping up with customer demand."
Associated Press
6 days ago
- Health
- Associated Press
New Study Raises Red Flags About Ingredients Found in Gas Station Heroin
Research conducted on dogs shows serious adverse effects at doses far lower than commonly sold amounts The Stop Gas Station Heroin coalition is sounding the alarm after reviewing a new animal study commissioned by CBD American Shaman, a Missouri-based company that sells '7' products in stores across the country. The study, which tested the effects of increasing doses of two lab-made substances — '7' (7-hydroxymitragynine) and 'Pseudo' (mitragynine pseudoindoxyl) — was funded to support the company's bid for FDA drug approval. But the research methods and results raise serious red flags for consumers of Gas Station Heroin. First, a clear conflict of interest occurred in conducting this study: CBD American Shaman has been illegally selling 7 products as dietary supplements since 2022, and the research was released by Holistic Alternative Recovery Trust (HART), a group with a financial stake in 7 and Pseudo products. Second, the study suggests these drugs may be far more dangerous than their labels imply: CBD American Shaman tells consumers that 7.5 milligrams, or half a tablet, is a safe serving. But based on the study's own data, that amount may be more than 25 times higher than what would be considered safe for human consumption. Using standard FDA methods to translate the effects seen in dogs to humans, Stop Gas Station Heroin estimates that just 0.3 milligrams could cross the threshold for risk. Yet many consumers of these products are unknowingly ingesting significantly greater amounts. Moreover, the study points to clear risks of addiction and dependency with misuse. 'These are not natural products. They are chemically altered, unapproved pharmaceutical drugs being marketed as herbal remedies,' said Matthew Lowe, Executive Director of Stop Gas Station Heroin. 'You can't just slap a 'dietary supplement' label on a drug and skip the safety trials.' CBD American Shaman and other purveyors of Gas Station Heroin have marketed 7 and Pseudo products as supplements formulated to cure, treat, and mitigate disease — namely, chronic pain and opioid use disorder — even though the products have never been approved by the FDA for any medical use. If companies like CBD American Shaman want to sell these substances legally, they must demonstrate the drugs' safety and effectiveness through a rigorous series of clinical trials and submit the results to the FDA as part of the New Drug Approval process. Until then, Stop Gas Station Heroin is calling for the immediate removal of these synthetic street drugs from store shelves. About Stop Gas Station Heroin Stop Gas Station Heroin is a national coalition that aims to educate consumers about harmful synthetic drugs and advocate for smart regulation that distinguishes between legitimate, natural botanicals and dangerous, synthetic drugs, combined with enforcement of current federal laws around unapproved drugs. To learn more, navigate to Media Contact Colby Wilson [email protected] ### SOURCE: Stop Gas Station Heroin Copyright 2025 EZ Newswire
