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Revenues

METC

Analysts have recently updated their evaluations of Ramaco Resources (NASDAQ:METC), showing a mix of bullish and indifferent stances over the past quarter. The average 12-month price target has been adjusted to $26.25, marking a 6.25% decrease. The company has shown strong financial performance with a revenue growth rate of 36.55%, a net margin of 10.41%, and an ROE of 5.64%. Ramaco Resources operates in the metallurgical coal sector, serving both U.S. and international markets.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:00 pm

RRC

Range Resources (NYSE:RRC) has been analyzed by 9 analysts, showing a mix of sentiments with an average 12-month price target of $35.33, down 7.63% from the previous $38.25. Analyst actions range from 'Raise' to 'Lower', reflecting diverse views on the company's performance. Despite a revenue decline of -44.99% as of December 31, 2023, Range Resources maintains a high net margin of 47.04% and an ROA of 4.35%, but its ROE of 8.48% is below industry benchmarks. The company's debt-to-equity ratio is conservative at 0.48.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:00 pm

ON

onsemi (NASDAQ:ON) announced the formation of the Analog and Mixed-Signal Group (AMG) to expand its product portfolio in automotive, industrial, and cloud markets. Led by Sudhir Gopalswamy, AMG aims to unlock a $19.3 billion market. Simon Keeton is promoted to president of the Power Solutions Group, which generated over $800 million in 2023. The reorganization aims to accelerate growth by focusing on power management, sensor interfaces, and communication products, positioning onsemi as a full suite provider.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:31 pm

MANU

Manchester United Ltd. (NYSE:MANU) shares rose in premarket trading after Q2 results exceeded expectations with a quarterly revenue of $280.28 million against a forecast of $222.43 million. The increase was attributed to UEFA Champions League participation and Matchday attendance. Despite an 8.8% drop in commercial revenue, broadcasting and Matchday revenues surged by 81% and 59.2%, respectively. Operating expenses rose by 18.6%, but cash and equivalents doubled, thanks to strategic financial management. Adjusted EPS was $0.15, outperforming the expected loss of $0.22. The company is exploring stadium development options and maintains its fiscal 2024 revenue and EBITDA guidance.

Portfolio Pulse from Nabaparna Bhattacharya

March 12, 2024 | 1:30 pm

PSHG

Performance Shipping Inc. (NASDAQ:PSHG) has secured 5-year time charter contracts with Clearlake Shipping for three newbuilding LNG-ready, scrubber-fitted, LR2 Aframax tanker vessels at $31,000 per vessel per day. The contracts, which have options to extend for a 6th and 7th year, are expected to commence between Q4 2025 and Q2 2026. The firm period's gross revenue is anticipated to be $169.8 million, covering 88% of the construction costs and increasing the company's fixed revenue backlog to approximately $211.4 million.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:30 pm

USIO

Usio, Inc. (NASDAQ:USIO) reiterates its fiscal 2023 revenue growth guidance of 18-20% YoY, driven by a 21% increase in Q4 electronic payments processing volume, excluding crypto. The company expects record revenues and positive adjusted EBITDA for 2023. Growth was led by a 65% increase in prepaid card purchase volume and a 17% increase in PayFac volume. Usio's exit from crypto processing in late 2022 contributed to a 21% increase in total processing volume for the year, excluding crypto volumes. The company also highlighted innovations and capacity expansions in its Output Solutions business.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:12 pm

HSCS

HeartSciences announced a peer-reviewed study published in Cardiovascular Diabetology, demonstrating the effectiveness of its MyoVista technology in detecting asymptomatic left ventricular dysfunction in type 2 diabetes patients. The study shows MyoVista's AI-ECG model outperforms current screening tools, offering a potential advancement in heart disease detection.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:07 pm

WKHS

Workhorse Group has announced that due to numerous key customer demonstrations planned for Q1 2024, it will not provide specific annual revenue or unit guidance at this time. The company will report on its progress as it occurs.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:03 pm

LUV

Southwest Airlines (NYSE:LUV) has received mixed analyst ratings over the last three months, with a recent trend towards more positive evaluations. The average 12-month price target for LUV has been raised to $33.33, indicating a 20.89% increase from the previous target. Analysts from firms like Argus Research, Deutsche Bank, and JP Morgan have adjusted their ratings and price targets, reflecting changing market dynamics and company performance. Southwest Airlines, known for its low-cost carrier model, has shown a revenue growth rate of 10.55% as of December 31, 2023, but struggles with a net margin of -3.41% and an ROA of -0.63%.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 1:00 pm

ASO

Academy Sports (NASDAQ:ASO) received mixed analyst ratings over the past three months, with an updated average 12-month price target of $78.75, reflecting a 12.1% increase from the previous target. Analysts from Baird, Wells Fargo, and Truist Securities have raised their price targets, indicating a positive outlook on ASO's performance. Despite facing revenue challenges with a -6.44% decline over 3 months, ASO demonstrates strong financial health with impressive net margin, ROE, and ROA, and a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 1:00 pm