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PSN

Analysts have mixed views on Parsons Corp (NYSE:PSN), with recent ratings showing a blend of bullish and bearish sentiments. The average 12-month price target for PSN has risen to $83.89, indicating an 8.95% increase from the previous target. The company's financials show strong revenue growth and net margin, but below-average ROE and ROA. Parsons Corp operates in defense, intelligence, and critical infrastructure, with a solid market capitalization and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 9:00 pm

POOL

Pool Corporation has announced an increase in its share repurchase program to $600 million and has also raised its dividend from $1.10 to $1.20.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:56 pm

DERM

Journey Medical Corporation (NASDAQ:DERM), a commercial-stage pharmaceutical company, announced the appointment of Joseph M. Benesch as Chief Financial Officer effective April 26, 2024. Benesch, who has over 25 years of experience in financial leadership within the pharmaceutical industry, has been serving as the Interim CFO since January 2023 and was the Corporate Controller before that. The company highlights his extensive experience as a valuable asset, especially in anticipation of the potential approval of DFD-29 for treating rosacea.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:54 pm

APA

APA Corporation has updated its FY24 guidance following the completion of the Callon acquisition. The company plans to invest $2.7 billion in upstream oil and gas capital in 2024 and expects to average around 10 rigs in the U.S. for the remainder of the year, as it integrates and optimizes the combined rig fleet.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:37 pm

PTC

PTC has revised its Q3 and FY24 earnings and revenue guidance below analyst estimates, citing a challenging selling environment and FX impact. The company reported solid Q2'24 ARR and free cash flow results, driven by its subscription business model and operational discipline. PTC aims to de-lever rapidly, with a debt to EBITDA ratio of 2.3x at Q2'24 end. The updated guidance includes lower EPS and revenue forecasts for Q3 and FY24, with a focus on maintaining free cash flow guidance and narrowing the ARR guidance range.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:33 pm

NEE

Recent unusual options activity in NextEra Energy (NYSE:NEE) indicates a bearish sentiment among deep-pocketed investors, despite a mix of bullish and bearish trades. The activity involves significant volumes of puts and calls, with a targeted price range of $60.0 to $75.0. NextEra Energy's stock is currently up 2.42% at $68.59, with analysts giving mixed ratings and target prices ranging from $67 to $79. The company's main operations include Florida Power & Light and NextEra Energy Resources, focusing on renewable energy generation.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:31 pm

DVN

Devon Energy (DVN) is raising its FY24 production forecast by 2% to 655,000-675,000 barrels of oil equivalent (BoE) per day, with no increase in capital spending. The company plans to achieve this with capital expenditures of $3.3B-$3.6B, marking a 10% decrease from 2023.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:25 pm

VICI

VICI Properties has reaffirmed its full-year 2024 guidance, projecting an Adjusted Funds From Operations (AFFO) between $2,320 million and $2,355 million, with an AFFO per diluted share ranging from $2.22 to $2.25, based on an estimated weighted average share count of 1,046.0 million shares.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:21 pm

FRSH

Freshworks has announced the appointment of Dennis Woodside as CEO and President, effective immediately. Woodside, who was already serving as President, will take over from Girish Mathrubootham, the company's founder. Mathrubootham will transition to the role of Executive Chairman. This leadership change is significant for Freshworks as it moves forward.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:19 pm

VICI

VICI Properties announced it will provide $700 million in capital to the Venetian Resort Las Vegas through its Partner Property Growth Fund. This investment aims to support the expansion and enhancement of the resort's facilities, ensuring its continued competitiveness and appeal in the hospitality and gaming industry.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:16 pm