Streetbeat News

Stock Prices

PFSI

PennyMac Financial Services (PFSI) reported Q1 2024 earnings with an adjusted EPS of $2.48, surpassing the $2.31 estimate. However, their sales of $305.660M fell short of the expected $432.416M, marking a 29.31% miss but a 0.92% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:01 pm

WEX

WEX shares declined following the announcement of disappointing Q1 financial results and the provision of Q2 adjusted EPS guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:01 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has received mixed analyst ratings, with a recent shift towards more bullish perspectives. The average 12-month price target for MSTR has been raised to $1740.0, indicating a significant potential upside. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to MicroStrategy's performance and market conditions. Despite facing a revenue decline of -6.09% in the last quarter, MicroStrategy's financial indicators such as net margin and ROE remain strong, although its ROA and debt management pose challenges.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:01 pm

BMRN

In the past three months, 8 analysts have provided ratings for Biomarin Pharmaceutical (NASDAQ:BMRN), with a mix of somewhat bullish and indifferent perspectives. The average 12-month price target is $100.88, down from $106.25. Analyst actions include maintaining, raising, and lowering ratings and price targets. BioMarin focuses on rare-disease therapies and has seen a revenue growth of 20.22% as of December 31, 2023, but lags in profitability and efficiency metrics compared to industry peers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:01 pm

FTV

Fortive (NYSE:FTV) received mixed analyst ratings with a shift towards a more neutral stance in the latest quarter. The average 12-month price target for FTV has been raised to $88.6, reflecting a 4.1% increase from the previous target. Analyst actions include both upgrades and downgrades, with notable firms like RBC Capital, Wells Fargo, JP Morgan, Citigroup, Barclays, Truist Securities, and Mizuho involved. Fortive, a diversified industrial technology firm, reported a revenue of $6.1 billion in 2023, with a net margin of 16.75% but lower ROE and ROA compared to industry standards.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:00 pm

AMBP

Ardagh Metal Packaging's stock price increased following the announcement of Q1 adjusted EPS results that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:59 pm

LOAR

Loar Holdings' shares commenced trading at $45 per share, significantly higher than its initial public offering (IPO) price of $28 per share. This marks a strong debut for the company on the stock market, indicating robust investor interest and confidence in Loar Holdings.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:59 pm

IPAR

Inter Parfums shares dropped following a report of disappointing Q1 revenue results. Additionally, Piper Sandler kept an Overweight rating but reduced the price target from $176 to $172.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:58 pm

SAH

Sonic Automotive, Inc. (NYSE:SAH) shares surged over 10% after reporting Q1 adjusted earnings per share of $1.36, surpassing the expected $1.30. However, total revenues of $3.384 billion, a 3% decrease year-over-year, fell short of the $3.449 billion forecast. The company also reported a net income decline of 12% year-over-year to $42.0 million and a 14% decrease in EchoPark segment revenues. Despite these challenges, Sonic Automotive repurchased 0.5 million shares and announced a quarterly dividend of 30 cents per share, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 3:57 pm

LOAR

Loar Holdings has indicated its IPO price at $45 per share, significantly above the initial pricing of $28 per share, on a total of 1,358,744 shares.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:57 pm