Streetbeat News

Revenues

TCNNF

The Florida GOP has officially opposed a marijuana legalization initiative, enabling Governor Ron DeSantis to fundraise for a campaign against it. DeSantis argues that legalization would worsen the state by increasing marijuana presence and is motivated by profit for certain individuals. Despite opposition, economic analysts predict the initiative could generate significant sales tax revenue. Trulieve, a major medical cannabis company, has been the primary financial supporter of the initiative, contributing significantly towards its campaign.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:54 pm

HOUR

Hour Loop shares are trading lower following the announcement of Q1 financial results and the issuance of FY24 revenue guidance that fell below market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:30 pm

DTSS

IPW

Datasea Inc. (DTSS) pre-announced an estimated revenue of $12.5M for April 2024, supporting its FY24 revenue guidance of $86M, indicating a significant year-over-year increase. This growth is attributed to its 5G multimodal communication business in China. The company also highlighted its advancements in AI and intelligent acoustics technology, including a partnership with iPower Inc. (IPW) to distribute its acoustic products in the U.S. market. Datasea's financial results are preliminary and subject to adjustments.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:05 pm

HII

HII, a leading manufacturer of underwater unmanned vehicles (UUVs), announced the sale of three REMUS 100s and five REMUS 300s to the Royal Navy, marking a significant milestone in the partnership between HII and the UK military. This sale is part of a long history of collaboration, with the UK's Ministry of Defence acquiring various REMUS models over the past 20 years for mine countermeasure operations. The REMUS UUVs are known for their versatility, reliability, and advanced sensor capabilities, enhancing the Royal Navy's operational efficiency in maritime missions. HII has sold over 600 UUVs globally, including to 14 NATO member countries.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:03 pm

BWMX

Betterware de Mexico S.A.P.I. de C.V. (NASDAQ:BWMX), known for its innovative consumer products, has expanded into the U.S. market with a new office in Dallas, Texas. This move is part of its growth strategy, leveraging its multi-year period of consistent, organic growth. The U.S. expansion aims to tap into an untapped customer base and capitalize on Dallas's distribution network and talent pool. Betterware, a leading direct-to-consumer company in Mexico, plans to introduce over 250 new products in 2024 and expand its direct selling arm in Texas.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:02 pm

AFG

Analyst evaluations for American Financial Group (NYSE:AFG) show mixed sentiments with a recent average price target of $134.5, reflecting a 1.64% increase from the previous target. The company faces revenue challenges and below-average net margin but excels in ROE. Analysts from Piper Sandler and Citigroup have updated their ratings and price targets, indicating a nuanced view of AFG's market position and financial health.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:01 pm

D

Recent analysis of Dominion Energy (NYSE:D) by 13 analysts shows a mixed sentiment, with ratings ranging from bullish to bearish. The average 12-month price target is $49.85, up from $48.58, indicating a positive outlook. Analysts' actions include both upgrades and downgrades, reflecting diverse perspectives on the company's performance and market conditions. Dominion Energy's financial indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management are also discussed, providing a comprehensive view of its market position.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:01 pm

DV

DoubleVerify Holdings (NYSE:DV) has been evaluated by 15 financial analysts over the last three months, showing a mix of bullish to bearish sentiments. The average 12-month price target is set at $42.27, with a high of $49.00 and a low of $30.00, marking a slight decrease from the previous average of $42.82. Analyst actions include maintaining, lowering, and raising ratings and price targets, reflecting their current views on the company. DoubleVerify's financial performance is highlighted by a 28.88% revenue growth rate, a 19.22% net margin, and an ROE of 3.18%, indicating strong profitability and efficient asset management.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:01 pm

ABR

Recent analyst ratings for Arbor Realty Trust (NYSE:ABR) show a mix of sentiments, with a shift towards a more cautious outlook. Over the past three months, 6 analysts have provided ratings, with the majority being indifferent. The average 12-month price target has been adjusted to $13.62, marking a 5.29% decrease. Arbor Realty Trust, a real estate finance company, has seen a -4.1% decline in revenue growth and boasts a net margin of 48.53%, an ROE of 3.7%, and an ROA of 0.58%. The company's debt-to-equity ratio is 3.78, indicating a sound financial structure.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:00 pm

ATMU

Analyst ratings for Atmus Filtration Techs (NYSE:ATMU) show a predominantly bullish outlook, with recent adjustments indicating an average 12-month price target of $34.86, an 11.84% increase from the previous target. The company's financials reveal a positive revenue trend with a growth rate of 3.76%, a high net margin of 8.71%, and an exceptional ROE of 60.47%, despite a high debt-to-equity ratio of 7.76.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 2:00 pm