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ABG

Asbury Automotive Group Inc (NYSE:ABG) shares fell over 3.4% after reporting Q1 earnings per share of $7.21, missing estimates of $7.76, amid a tight inventory market and volume challenges. Quarterly sales were $4.201 billion, below expectations of $4.264 billion, but revenue increased 17% year over year. Gross profit rose 8% to $750 million, though gross margin dropped to 17.9%. The company also repurchased 240,000 shares for $50 million during Q1.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 4:01 pm

EQR

Equity Residential (NYSE:EQR) has received mixed analyst ratings over the past quarter, with a recent shift towards more bullish sentiments. The average 12-month price target for EQR is now $66.33, reflecting a slight increase from the previous target. Analysts from firms like Evercore ISI Group, BMO Capital, and Truist Securities have adjusted their ratings and price targets, indicating a nuanced view of the company's performance and market position. Equity Residential, with a significant portfolio of apartment communities, shows strong financial health with a positive revenue trend, exceptional net margin, and above-average ROE and ROA, suggesting a robust market presence and operational efficiency.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:01 pm

OC

Analysts have updated their ratings on Owens-Corning (NYSE:OC), with a mix of raised and lowered price targets, reflecting diverse perspectives on the company's future performance. The average 12-month price target is now $168.7, marking a 4.39% increase from the previous average of $161.60. Owens-Corning, a manufacturer of glass fiber for composites and building materials, shows a solid market capitalization but faces challenges in revenue growth, net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:00 pm

LOAR

Loar Holdings' shares commenced trading at $45 per share, significantly higher than its initial public offering (IPO) price of $28 per share. This marks a strong debut for the company on the stock market, indicating robust investor interest and confidence in Loar Holdings.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:59 pm

LOAR

Loar Holdings has indicated its IPO price at $45 per share, significantly above the initial pricing of $28 per share, on a total of 1,358,744 shares.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:57 pm

AZZ

AZZ Inc. announced a proposed public offering of 4 million shares of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:48 pm

HOLO

MicroCloud Hologram (NYSE:HOLO) has seen a significant increase in short interest, with the short percent of float rising 54.3% to 19.18%. This indicates a bearish market sentiment towards HOLO, as it now has a higher short interest than most of its peers, with the peer group average at 2.82%. Despite this, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:30 pm

PCG

PG&E Corp announced a 5-year financing plan to fund $62B in safety and reliability capital expenditures, with no new equity in 2024, potential for substantial dividend growth, and up to $3B in equity needs from 2025-2028.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:24 pm

SYTA

Siyata Mobile Inc has filed with the SEC to offer up to 1.4 million common shares on a best-efforts basis.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:22 pm

CCS

Century Communities Inc has filed for a mixed shelf offering according to an SEC filing, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:11 pm