Streetbeat News

Revenues

UAA

Under Armour (NYSE:UAA) has been analyzed by 6 analysts in the last three months, showing a predominantly indifferent stance with 5 indifferent ratings, 1 somewhat bearish, and no bullish ratings. The average 12-month price target for UAA is $8.17, with a high estimate of $9.00 and a low of $7.00, marking a slight increase from the previous target of $8.00. The company's financial health indicates challenges with a -6.05% revenue growth decline, yet it demonstrates strong profitability and effective cost management with a net margin of 7.68%, an ROE of 5.36%, and an ROA of 2.33%. Its debt-to-equity ratio of 0.68 is below industry average, suggesting a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:01 pm

COLD

Americold Realty Trust (NYSE:COLD) received mixed analyst ratings with a shift towards a more cautious outlook, as evidenced by a decrease in the average 12-month price target from $33.50 to $29.00, representing a 13.43% decline. The analysis included ratings from eight analysts, showing a distribution from bullish to indifferent, with recent actions including downgrades and target adjustments by firms such as Barclays and JP Morgan. The company's financial performance shows challenges in revenue growth, profitability, and asset utilization, with a notable decline in revenue and below-average net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:00 pm

UDR

Analyst ratings for UDR (NYSE:UDR) over the past three months show a mix of bullish and bearish perspectives, with recent actions including both upgrades and downgrades. The average 12-month price target is $38.6, slightly down from $38.75. UDR, a real estate investment trust, has shown a positive revenue trend with a 3.41% growth rate, a net margin of 7.69%, and an ROE of 0.79%, indicating strong financial health despite lagging behind industry peers in revenue growth.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:00 pm

WU

Recent analyst ratings for Western Union (NYSE:WU) show a consensus leaning towards a neutral stance, with an updated average 12-month price target of $13.25, reflecting an 8.16% increase from the previous target. Despite facing a revenue decline of -3.63% as of December 31, 2023, Western Union's financial performance indicators such as net margin and ROE outperform industry averages. However, challenges in debt management are noted with a debt-to-equity ratio of 5.57.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 3:00 pm

RCL

A Royal Caribbean executive reported during a conference call that the number of new-to-cruise customers has grown by 16% year-over-year, indicating a positive trend in attracting first-time cruisers.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:00 pm

SPY

TLT

The U.S. economy's growth slowed to 1.6% in Q1, below expectations and the previous quarter's 3.4%, signaling stagflation with rising inflation rates. The PCE price index rose to 3.4%, and the core PCE to 3.7%, exceeding forecasts. This scenario is seen as negative for markets, with the iShares 20+ Year Treasury Bond ETF (TLT) and the SPDR S&P 500 ETF Trust (SPY) both experiencing declines. Experts highlight the dual challenge of sluggish growth and high inflation, with potential negative impacts on bond and stock markets.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 2:59 pm

DOW

The Dow Chemical Company is experiencing strong demand growth in three key sectors: automotive, data centers, and semiconductors, according to a report on Bloomberg TV. This surge in demand is likely to impact the company's financial performance positively.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:43 pm

RCL

A Royal Caribbean executive announced during a conference call that due to the situation in the Red Sea, the company has rerouted some of its spring cruises. Additionally, contingency plans are in place for a few other sailings that may be impacted in the fall. The Caribbean, being the company's largest product group, represents 55% of its booked position for 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:30 pm

CAT

Caterpillar Inc (NYSE:CAT) reported a slight decrease in Q1 fiscal 2024 revenue to $15.8 billion, missing consensus estimates and leading to a 7.51% drop in its stock price. Despite a year-over-year increase in adjusted earnings per share, sales were impacted by reduced equipment sales, adverse currency impacts, and a decline in Machinery, Energy & Transportation segment revenue. The company anticipates 2024 sales and revenues to be similar to 2023, with no significant change in machine dealer inventory and expects the adjusted operating profit margin to be in the top half of the target range.

Portfolio Pulse from Akanksha Bakshi

April 25, 2024 | 2:15 pm

FXI

RCL

A Royal Caribbean executive announced during a conference call that the company has made its return to the China market this month.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:13 pm