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DOOR

Masonite International Corporation (Masonite) has entered into an Asset Purchase Agreement to sell its Architectural Business for about $75 million, expecting to complete the sale in Q2 2024. This deal will lead Masonite to record a net non-cash impairment charge in the range of $90M-$100M during the same quarter, with no anticipated future cash expenditures. The final impairment charge may vary based on several factors including indemnification liabilities, foreign exchange rates, and the working capital of the Architectural Business at the transaction's close.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:31 pm

DZSI

DZS Inc. (DZSI) has been granted an extension by the Nasdaq Hearings Panel to remain listed on the Nasdaq Stock Market, contingent on meeting Nasdaq's filing requirement by August 5, 2024. The company is working with BDO USA LLP to complete and file all necessary financial statements and reports by the deadline. Additionally, DZS announced changes to its Board of Directors, including the appointment of two new members and the resignation of David Schopp.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:16 pm

HTBI

HomeTrust Bancshares has re-authorized the repurchase of the remaining 266,639 shares of its common stock under the repurchase plan originally authorized in February 2022.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:14 pm

MGA

SERV

Serve Robotics Inc. (SERV) has expanded its agreement with Magna International Inc. (MGA) to scale up the manufacturing of its autonomous delivery robots, aiming to deploy up to 2,000 robots for Uber Eats and for geographic expansion. This collaboration leverages Magna's manufacturing expertise and Serve's technology, marking a significant step in Serve's growth and the adoption of robotics in logistics.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:04 pm

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