Streetbeat News

Equity Actions

EMR

Emerson Electric (EMR) provided its Q3 and full-year 2024 outlook, forecasting adjusted EPS below estimates for Q3 but indicating strong sales growth and significant returns to shareholders through dividends and share repurchases. The company expects net sales growth of 11%-12.5% for Q3 and 15%-16% for the full year, with adjusted EPS of $1.38-$1.42 for Q3 and $5.40-$5.50 for the full year. Additionally, Emerson plans to return approximately $500 million to shareholders via share repurchases and $1.2 billion through dividends.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:59 am

IMUX

Immunic, Inc. announced it has strengthened its balance sheet via a three-tranche private placement totaling up to $240M, extending its cash runway into Q3 2025, with the initial tranche being $80M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:53 am

YOU

Clear Secure announced it has spent $84.9M to buy back and retire 4.4M shares of its Class A common stock at an average price of $19.22. After the quarter ended, it repurchased an additional 1.75M shares at an average price of $19.38.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:17 am

AER

AerCap's Board of Directors has approved a new $500 million share repurchase program, set to run through December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:12 am

EPC

Edgewell Personal Care (EPC) has raised its FY2024 adjusted EPS guidance from $2.65-$2.85 to $2.80-$3.00, surpassing the $2.78 estimate. The adjustment accounts for various costs including restructuring, acquisition, Sun Care reformulation, a manufacturing plant fire, legal matters, and other costs, alongside an income tax effect. The company also provided an adjusted EBITDA outlook, projecting $348-$360 million, factoring in similar adjustments.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:08 am

MQ

Marqeta's stock price increased following the announcement of better-than-expected Q1 sales results and the authorization of a new share repurchase program for up to $200 million of its Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:07 am

LL

LL Flooring anticipates $13M in capital expenditures for FY24 amidst a challenging macroeconomic environment, with no financial guidance provided due to uncertainties. The company expects to maintain adjusted gross margins through cost management and strategic initiatives, despite pressures from inflation and a volatile interest rate environment. A potential sale leaseback of its Sandston, VA Distribution Center is being pursued to optimize the supply chain and improve liquidity.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:02 am

OPFI

OppFi Inc has updated its FY24 revenue guidance to $510M-$530M, aligning with the $520.12M estimate. The company also raised its adjusted EPS forecast to $0.58-$0.62, up from the prior $0.53-$0.57, against a $0.55 estimate. Adjusted net income expectations were increased to $50M-$54M from the previous $46M-$49M.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:52 am

MAX

WTM

MediaAlpha's secondary offering has been priced at $19 per share, with White Mountains Insurance Group planning to sell over 4 million shares.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:36 am

NNE

NANO Nuclear Energy has priced its IPO at $4 per share, offering 2,562,500 common shares. The stock, under the symbol 'NNE', is approved for listing on the Nasdaq Capital Market and is expected to begin trading on May 8, 2024, with the offering set to close on May 10, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 6:58 am