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MITT

WMC

Terra Property Trust (TPT) has submitted an enhanced merger proposal to Western Asset Mortgage Capital Corporation (WMC), offering WMC stockholders $15.96 per share. This proposal is said to deliver superior value compared to the unsolicited offer from AG Mortgage Investment Trust (MITT). TPT's proposal includes larger value on a total and cash basis, lower management fees, and greater certainty of closing. The proposal also includes a performance-based, tiered incentive fee structure, which is superior to the model used by Angelo Gordon.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:10 pm

MGPI

MGP Ingredients has projected its adjusted FY23 EPS to be between $5.35 and $5.50, which is higher than the estimated $5.2.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:10 pm

LNTH

Lantheus Holdings has updated its FY23 revenue forecast to $1.245B-$1.27B, compared to the consensus of $1.25B. The company also expects its adjusted EPS for FY23 to be in the range of $5.60-$5.70, versus the consensus of $5.58.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:09 pm

DASH

DoorDash Inc (NYSE:DASH) reported better-than-expected Q2 sales of $2.13 billion, beating estimates of $2.05 billion. The company expects Q3 marketplace GOV to be between $15.8 billion and $16.2 billion. Following the earnings announcement, Needham, Barclays, and Oppenheimer analysts raised their price targets on DoorDash.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:09 pm

EDIT

Analysts have provided various ratings for Editas Medicine (NASDAQ:EDIT) in the last quarter, with 2 bullish, 2 somewhat bullish, and 4 indifferent. The company has an average 12-month price target of $14.88, an increase of 1.43% from the previous average price target of $14.67.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:09 pm

UPBD

Upbound Group (NASDAQ:UPBD) reported Q2 earnings of $1.11 per share, beating the analyst consensus estimate of $0.72 by 54.17%. However, this is a 3.48% decrease from the same period last year. The company also reported quarterly sales of $979.20 million, beating the analyst consensus estimate of $968.05 million by 1.15%, but this is an 8.57% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:08 pm

UAA

Over the past three months, seven analysts have published their opinion on Under Armour (NYSE:UAA) stock, all of them being indifferent. The average 12-month price target for Under Armour is $9.14, a decrease of 10.39% from the previous average price target of $10.20.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:08 pm

ARW

Arrow Electronics (ARW) reported Q2 earnings of $4.37 per share, beating the analyst consensus estimate of $4.33 by 0.92 percent. However, this is a 24.39 percent decrease from the same period last year. The company's quarterly sales of $8.51 billion missed the analyst consensus estimate of $8.68 billion by 1.91 percent, marking a 10.00 percent decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:08 pm

YUM

Over the past 3 months, 7 analysts have published their opinion on Yum Brands (NYSE:YUM) stock, with an average price target of $155.71, implying an upside from the current price of $135.0. The average price target has increased by 0.14% over the past month.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:08 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) reported Q2 earnings and sales results that beat Street estimates. The company's revenue was $486 million, up 53% YoY and 10% QoQ. The EPS was 3 cents, beating the estimated loss of 2 cents per share. However, Robinhood shares fell 4.7% in pre-market trading. Analysts from Barclays and Citigroup revised their price targets for Robinhood following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:08 pm