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Equity Actions

MNST

Monster Beverage Corporation (NASDAQ:MNST) has announced a new share repurchase program, authorizing the repurchase of up to an additional $500 million of the company's outstanding common stock. This is in addition to the approximately $282.8 million remaining from the company's previously authorized repurchase program.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:27 pm

MYGN

Myriad Genetics has announced a $100 million offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:25 pm

KSS

Kohl's (NYSE:KSS) announced a transition plan for its Board of Directors. Board Chair Peter Boneparth will retire in May 2024, and Michael Bender will succeed him. Adolfo Villagomez, CEO of Progress Residential and former Home Depot executive, has been appointed as a new independent director, effective November 7. The Board now consists of 12 directors, 11 of whom are independent.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:24 pm

OR

Osisko Gold Royalties has announced the appointment of Jason Attew as President and CEO, effective no later than January 2, 2024. Sean Roosen will continue as a Director with the title, 'Chair Emeritus'. Additionally, Norman MacDonald has been appointed as Chair of the Board, effective immediately, succeeding Sean Roosen.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:22 pm

KNTK

Kinetik has updated its 2023 Adjusted EBITDA guidance range to $820M-$860M and expects 2023 capital expenditures to be at the top end of the company's guidance range of $490M-$540M. The company is on track to achieve its 2023 exit rate guidance of 1.6 Bcf/d of gas processed volumes. It also expects the start-up of the PHP expansion in December. In 2024, Kinetik estimates significant year-over-year Adjusted EBITDA growth with a capital expenditures plan of less than $150 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:04 pm

AFIB

Acutus Medical has announced a plan to realign resources to support the Left-Heart Access Distribution Business and exit from the Electrophysiology Mapping and Ablation Businesses. As a result, the company will no longer provide financial guidance.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:54 pm

MGM

MGM Resorts International reported Q3 earnings of 64 cents per share, beating the analyst consensus estimate of 49 cents. The company's revenue was $3.97 billion, surpassing the analyst consensus estimate of $3.87 billion. MGM also announced a new $2 billion share repurchase program. The company's shares were up 1.95% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

November 08, 2023 | 9:48 pm

ATO

Atmos Energy has projected its FY24 EPS to be between $6.45 and $6.65, which is higher than the estimated $6.05. The company also anticipates a capital expenditure of $2.9 billion.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:34 pm

FICO

Fair Isaac Corporation (FICO) has provided its fiscal 2024 guidance, forecasting EPS of $22.45, higher than the estimated $20.06, and revenue of $1.675 billion, surpassing the estimated $1.52 billion. The company expects GAAP net income of $490 million and non-GAAP net income of $566 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:28 pm

CCCS

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) has announced a proposed secondary offering of 50 million shares of its common stock by affiliates of Advent International, L.P. The company also plans to repurchase 25 million shares as part of the offering. The offering and repurchase will be managed by J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

Portfolio Pulse from Charles Gross

November 08, 2023 | 9:28 pm