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Revenues

VMC

Vulcan Materials (NYSE:VMC) received mixed analyst ratings with 8 analysts offering insights in the past three months. The average 12-month price target is $266.88, reflecting a 5.85% increase from the previous target. Analysts from firms like Truist Securities, JP Morgan, and Goldman Sachs have raised their price targets, indicating a positive outlook on VMC's performance. Vulcan Materials, a leading producer of construction aggregates in the US, reported a revenue growth rate of 5.91% and a net margin of 12.4%, outperforming industry averages in profitability but facing challenges in asset utilization and financial leverage.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:00 pm

FBTC

GBTC

IBIT

Bitcoin spot ETFs experienced a net outflow of $85.84 million on April 1, with Grayscale's GBTC seeing a $302 million outflow, while BlackRock's IBIT and Fidelity's FBTC enjoyed inflows of $165 million and $43.99 million, respectively. Despite this, Bitcoin spot ETFs have seen over $12 billion in net inflows year-to-date. A Coinshares report indicates a recovery in investor sentiment with $862 million in inflows last week, despite a slowdown in ETF activity and a regional divergence in investment trends.

Portfolio Pulse from Murtuza Merchant

April 02, 2024 | 2:33 pm

0069.HK

HTHT

Shangri-la Asia Ltd. (0069.HK) reported a profit of $184 million last year, marking a return to profitability after three years of losses, driven by a strong rebound in the tourism industry. The company, which operates high-end hotels, saw its revenue increase by 46.5% to $2.14 billion. It also resumed dividend payments with HK$0.15 per share. The tourism recovery, particularly in China and Hong Kong, and efficient cost management during the pandemic contributed to its success. Despite its solid fundamentals, Shangri-la's valuation remains low compared to peers, with a P/E ratio of around 12 times.

Portfolio Pulse from The Bamboo Works

April 02, 2024 | 2:09 pm

MKSI

Analysts have updated their ratings and price targets for MKS Instruments (NASDAQ:MKSI), showing a positive outlook with an average 12-month price target of $127.0, up 19.59% from the previous $106.20. Recent updates include raised price targets from Wells Fargo, Keybanc, Benchmark, and Needham, reflecting optimism about the company's future performance despite a -17.86% revenue decline and challenges in debt management and return metrics.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:01 pm

ZTS

Zoetis (NYSE:ZTS) received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for ZTS has been raised to $225.25, reflecting a 2.97% increase from the previous target. Analysts from Stifel, Piper Sandler, Barclays, and Goldman Sachs have adjusted their ratings and price targets, indicating a positive outlook on Zoetis's performance. The company, a leader in animal health products, has shown strong financial indicators such as revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio and market capitalization below industry average.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:00 pm

MLM

Martin Marietta Materials (NYSE:MLM) received mixed ratings from 10 analysts, with an updated average 12-month price target of $615.5, marking a 15.43% increase from the previous target. Analysts from firms like Truist Securities, JP Morgan, and Goldman Sachs have raised their price targets, reflecting optimism about MLM's financial performance, including a solid revenue growth rate of 8.92% and an impressive net margin of 19.49%. However, the company faces challenges with a high debt-to-equity ratio of 0.59.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:00 pm

ACOR

GOEV

PAYX

VVPR

U.S. stocks traded lower with the Dow Jones falling over 400 points. Paychex, Inc. reported mixed Q3 results, missing sales expectations. VivoPower International, XTI Aerospace, and Kidpik Corp saw significant stock increases due to merger agreements and acquisitions. Conversely, Acorda Therapeutics, Gritstone bio, and Canoo Inc experienced substantial drops, with Acorda filing for Chapter 11 bankruptcy and Canoo issuing weak revenue guidance.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 1:58 pm

GDNSF

Goodness Growth Holdings, Inc. (OTC:GDNSF) reported a significant increase in Q4 2023 revenue, gross margin, and operating profits, with revenue reaching $24.2 million, a 34.4% increase year-over-year. Operating income for Q4 was $5.4 million, marking the second consecutive quarter of surpassing the $5 million threshold. The company also highlighted the successful execution of its CREAM & Fire strategy and anticipates the launch of adult-use cannabis sales in Minnesota in 2025. Additionally, Goodness Growth announced the divestiture of its New York operations to ACE Venture Enterprises, Inc., including a $20 million investment from Ace for development and assumption of the IIP lease.

Portfolio Pulse from Nicolás Jose Rodriguez

April 02, 2024 | 1:27 pm

VMD

Viemed Healthcare, Inc. (NASDAQ:VMD) has finalized a strategic partnership with East Alabama Health, acquiring a majority interest in East Alabama HomeMed, LLC. This partnership is expected to generate an incremental annualized revenue of approximately $4 million for Viemed. The collaboration aims to enhance home medical services within the EAH network and can serve as a model for future nationwide expansions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:04 pm

ESEA

Euroseas Ltd. (NASDAQ:ESEA) announced a one-year time charter contract for its containership, M/V Synergy Antwerp, at a daily rate of $26,500, starting April 2, 2024. The ship underwent retrofits, including energy-saving devices, expected to reduce CO2 emissions by 9,800 metric tons annually. These upgrades are part of Euroseas' efforts to modernize its fleet and reduce its carbon footprint. The charter is expected to contribute about $6.5 million of EBITDA and increases Euroseas' 2024 charter coverage to 80%.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:03 pm