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APH

Amphenol announces a new three-year, $2 billion open market stock repurchase program, having completed its existing repurchase plan in April 2024.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:03 pm

SCLX

Scilex Holding Company has announced a registered direct offering of 15 million shares, priced at $1.00 per share, aiming to raise $15 million in capital.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:02 pm

ELV

Analyst ratings for Elevance Health (NYSE:ELV) show a mix of bullish to bearish sentiments among 13 analysts over the last quarter, with a positive shift in the 12-month price targets to an average of $586.0. The company, a leading health insurer in the U.S., has seen a revenue growth rate of 0.96% as of March 31, 2024, and outperforms in net margin and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 12:01 pm

ENVA

Enova International (NYSE:ENVA) received mixed analyst ratings with an updated average 12-month price target of $71.25, reflecting an 8.78% increase from the previous target. Analysts from JMP Securities, Jefferies, and BMO Capital have raised their price targets, indicating a positive outlook on the company's performance. Enova, providing online financial services mainly in the US and UK, has shown remarkable revenue growth of 20.04% and strong financial metrics including a net margin of 5.96%, ROE of 2.78%, and ROA of 0.8%.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 12:00 pm

EQX

Equinox Gold announced it will acquire Orion Mine Finance Management's 40% interest in Greenstone Gold Mine GP for $995M, payable in shares, cash on closing, and future cash payments. The acquisition will be funded through a new term loan and equity financing.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:55 am

ATXI

Avenue Therapeutics announced a 1-for-75 reverse stock split, effective April 26, 2024, with its common stock trading on a split-adjusted basis on the Nasdaq under the same ticker 'ATXI' and a new CUSIP number 05360L403.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:32 am

VCIG

Legacy Credit has announced a significant investment in VCI Global Limited, acquiring a stake exceeding 5% through a private placement. This move indicates a strong vote of confidence in VCI Global's future prospects and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:55 am

BIIB

Biogen has reaffirmed its 2024 adjusted EPS guidance of $15.00-$16.00, indicating a 5% growth from 2023, aligning with a consensus of $15.48. The company anticipates a low- to mid-single digit percentage decline in total revenue compared to 2023 but expects its core pharmaceutical revenue to remain stable. Additionally, Biogen projects a low-double digit percentage growth in operating income and a mid-single digit percentage improvement in operating margin.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:53 am

AVY

Avery Dennison Corporation has revised its FY24 earnings guidance downwards, adjusting the reported earnings per share (EPS) forecast from $8.65-$9.15 to $8.60-$9.10. However, the company maintains its adjusted EPS outlook of $9.00 to $9.50, excluding an estimated $0.40 per share impact from restructuring charges and other items.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:52 am

GROY

Gold Royalty Corp. (GROY) and Taurus Mining Royalty Fund have announced a strategic alliance to co-invest in precious metals opportunities. This partnership aims to leverage both entities' expertise and financial resources to capitalize on investments in the precious metals sector.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:41 am