Streetbeat News

Revenues

NISN

NiSun International Enterprise Development Group reported a decrease in H1 EPS to $2.87 from $3.67 year-over-year, while revenue increased to $126.9M from $118.0M in the same period.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:07 pm

NNBR

NN, Inc. has announced a new business win valued at over $10 million, involving the supply of automotive electrical wiring components. This new contract could signal growth in the company's automotive segment and potentially increase future revenues.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:03 pm

AWRE

Aware, Inc. (NASDAQ:AWRE) has partnered with Avanza Solutions to deliver biometric authentication solutions to financial services institutions in the Middle East, Asia, and Africa. This collaboration is expected to open new revenue opportunities for both companies by providing secure and convenient identity verification methods that meet the increasing demand in these regions. The partnership will leverage Aware's global authentication technology and Avanza's regional expertise to offer both cloud-based and on-premises solutions.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 8:26 pm

SSB

SouthState (NYSE:SSB) has received mixed analyst ratings over the past three months, with 1 somewhat bullish and 3 indifferent ratings. The average 12-month price target is $81.00, with a high of $93.00 and a low of $73.00. Analysts from Stephens & Co., Truist Securities, and Raymond James have provided recent evaluations, with price target adjustments reflecting their latest views on the company. SouthState's financial performance shows a negative revenue trend with a -1.65% decline, a strong net margin of 28.99%, but lower than average ROE and ROA, and a conservative debt-to-equity ratio of 0.07.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:00 pm

GPN

Global Payments (NYSE:GPN) has been the subject of diverse analyst opinions, with 12 analysts offering ratings ranging from bullish to bearish. The average 12-month price target is now $143.25, down from $162.67, with a high estimate of $180.00 and a low of $110.00. Recent actions include maintaining, lowering, and raising ratings and price targets. Global Payments operates in 30 countries and merged with Total System Services in 2019. Financial indicators show solid revenue growth but lag behind industry peers, with a net margin of 14.62%, ROE of 1.62%, ROA of 0.75%, and a debt-to-equity ratio of 0.77.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 8:00 pm

OSK

Oshkosh (NYSE:OSK) has received 4 analyst ratings in the last three months with a mix of bullish and indifferent sentiments. The average 12-month price target is $115.25, up from $112.50, with a high of $122.00 and a low of $104.00. Analysts from Stifel, Evercore ISI Group, JP Morgan, and Citigroup have adjusted their ratings and price targets, reflecting their views on the company's market position and recent performance. Oshkosh is a leading manufacturer of access equipment, specialty vehicles, and military trucks, with a focus on the electrification of U.S. postal vehicles. The company's financial performance shows strong revenue growth and net margin, but a below-average return on equity.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 7:01 pm

MS

Morgan Stanley (NYSE:MS) has been analyzed by 12 analysts in the last three months, showing a mix of bullish to bearish sentiments. The average 12-month price target is now $92.43, down 7.46% from the previous $99.88. Analysts have made various rating changes and price target adjustments, with some raising and others lowering their expectations. Morgan Stanley's financial performance includes a market capitalization above industry average, a 2.3% revenue growth rate, a high net margin of 18.22%, and an ROE of 2.48%, but a lower-than-average ROA of 0.19% and a high debt-to-equity ratio of 2.84.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 7:00 pm

MIND

MIND Technology's Seamap unit has received a $10.2 million order for multiple GunLink source controllers, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:32 pm

MIND

MIND Technology's Seamap unit has received an order for multiple GunLink source controllers, amounting to approximately $10.2 million, under a framework supply agreement with a major international seismic contractor.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:29 pm

CRDT

EWU

IHY

PGHY

PICB

SPY

PIMCO CIO Daniel Ivascyn has expressed concerns about a potential 'hard landing' for the UK economy, predicting a significant downturn next year. He sees more risk in the UK and Europe compared to the resilient US economy. Ivascyn favors UK government bonds over US ones, anticipating economic hardship in the UK. The UK economy contracted in October, and bond yields have fallen, which is good for bondholders but negative for equities. Investors in the iShares MSCI United Kingdom ETF (EWU) should monitor these developments. Ivascyn also highlighted opportunities in global bond investing, mentioning ETFs that track international bonds, including PICB, PGHY, CRDT, and IHY. In contrast, the US economy's growth is reflected in the SPDR S&P 500 ETF (SPY), which has outperformed EWU over the past year.

Portfolio Pulse from Surbhi Jain

December 19, 2023 | 6:05 pm