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Equity Actions

FLYW

Cosmin Pitigoi is set to join Flywire as CFO on March 4, 2024. Current CFO Mike Ellis will transition to a senior advisor role to ensure a smooth handover.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:09 pm

BLDR

Builders FirstSource projects FY24 gross profit margin of 30%-33%, adjusted EBITDA of $2.4B-$2.8B, net sales of $17.5B-$18.5B, adjusted EBITDA margin of 14.0%-15.0%, and free cash flow of $1.0B-$1.2B, assuming average commodity prices of $400-$440 per mbf.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:08 pm

BLDR

Builders FirstSource has announced an increase in its stock buyback program to $1 billion. This move indicates the company's confidence in its financial health and future prospects, potentially signaling to investors a positive outlook.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:03 pm

OPCH

Option Care Health's Board of Directors has approved an additional $250 million share repurchase authorization, signaling confidence in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:02 pm

QTWO

Analysts have recently updated their evaluations of Q2 Holdings (NYSE:QTWO), showing a positive shift in sentiment with an average 12-month price target of $49.5, up 26.92% from the previous $39.00. The updates include raised price targets and ratings from firms like Needham and Goldman Sachs, reflecting bullish to neutral outlooks. Q2 Holdings, a provider of cloud-based virtual banking solutions, has shown a revenue growth rate of 7.06% as of September 30, 2023, but faces challenges in profitability, debt management, and efficiency metrics compared to industry standards.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 12:00 pm

GVA

Granite Construction projects its 2024 revenue to be between $3.8 billion and $4.0 billion, aligning closely with the consensus estimate of $3.85 billion. The company anticipates an adjusted EBITDA margin of 9.0% to 11.0%, SG&A expenses to be 7.5% to 8.0% of revenue, a mid-20s effective tax rate for adjusted net income, and capital expenditures of $130 million to $150 million.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:58 am

GRAB

Grab's shares declined following the announcement of its Q4 results, which were accompanied by a revenue outlook for FY24 that fell below expectations. Additionally, the company announced a $500 million stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:24 am

GRAB

Grab's Board of Directors has authorized a $500 million stock buyback program for its Class A ordinary shares. The repurchases may occur through various methods depending on market conditions and will be funded with excess cash. The program's terms and size may be adjusted periodically.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:17 am

ALIT

Alight has announced receiving director nominations from Starboard Value and advises its stockholders not to take any action currently.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:03 am

LYG

Lloyds Banking Group has projected a return on tangible equity of over 15% by 2026, indicating a positive outlook for its financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:53 am