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ADMQ

ASPI

ETST

Insiders at ASP Isotopes, Earth Science Tech, and ADM Endeavors have recently made significant stock purchases, signaling confidence in their companies' prospects. Earth Science Tech announced a $5 million stock repurchase program, ADM Endeavors' stock rose 4% over the past month, and ASP Isotopes received a price target increase from HC Wainwright & Co.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 12:22 pm

SABA

Saba Capital Income & Opportunities Fund II has announced a 1-for-2 reverse stock split. This action is a structural adjustment to the fund's shares, aiming to consolidate shares and potentially increase the market price per share.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:18 pm

SABA

Saba Capital Income & Opportunities Fund II has announced the approval of a market repurchase program, authorizing the purchase of up to 10% of its common shares each fiscal year. This move is aimed at enhancing shareholder value by potentially increasing the fund's share price through the reduction of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:18 pm

GTES

Gates Industrial has increased its FY24 adjusted EBITDA forecast to a range of $745M-$805M, up from the previously projected range of $725M-$785M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:14 pm

AEZS

Aeterna Zentaris has filed articles of amendment to execute a reverse stock split of its issued and outstanding common shares, as previously announced. This move is aimed at consolidating shares to potentially improve the marketability and liquidity of the stock.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:58 am

COCO

Vita Coco has increased its FY24 sales outlook to $500M-$510M from the previous $495M-$505M, surpassing the $503.4M estimate. Adjusted EBITDA is now expected to be between $76M and $82M. The revision is based on year-to-date performance and a positive outlook, despite challenges such as decreased private label coconut oil business and adverse effects from increased ocean freight costs.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:49 am

AER

AerCap Holdings has increased its forecast for FY24 adjusted earnings per share (EPS) to approximately $9.20, which is below the estimated $9.95.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:08 am

KHC

Kraft Heinz reaffirms its fiscal year 2024 guidance, expecting organic net sales growth of 0-2%, adjusted operating income growth of 2-4%, and adjusted EPS of $3.01-$3.07. The company anticipates a positive price contribution, volume growth in H2, an adjusted gross profit margin expansion, and an effective tax rate of 20-22%. However, it also expects a $45 million unfavorable impact from foreign currency and debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:05 am

DJT

Former U.S. President Donald Trump received 36 million shares from Trump Media Technology Group (NASDAQ:DJT), increasing his stake to over $5.7 billion. The shares, valued at $1.8 billion, were awarded as an earnout bonus for maintaining the stock price above $17.50 for 20 consecutive days. Trump Media, owner of Truth Social, went public in March, and Trump is the largest shareholder. The stock surged 50% in the past week, closing at $49.93, up 6.94%.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 10:58 am

ADP

ADP projects its FY24 consolidated revenue to grow by 6-7%, with adjusted EPS expected to increase by 10-12% and adjusted EBIT margin to expand by 60-70 basis points.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:58 am