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FBIZ

First Business Financial Services, Inc. (FBIZ) announced a $5M share repurchase program with no expiration date, as part of its capital management strategy. Despite strong balance sheet growth and no immediate plans to utilize the program, the company aims to enhance shareholder value and maintain flexibility in capital management. The repurchase will be subject to market conditions, stock performance, and legal requirements, with the possibility of using a Rule 10b5-1 trading plan to manage repurchases during sensitive periods.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:29 pm

NGD

New Gold (AMEX:NGD) reported Q1 2024 adjusted EPS of $0.02, surpassing the undefined analyst consensus estimate. Sales reached $192.1M, slightly above the $190.92M estimate but marked a 4.71% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:27 pm

LFUS

Littelfuse provided its Q2 financial guidance, expecting net sales to range between $525M-$555M, slightly below the estimated $540.288M. The company also forecasts adjusted EPS to be between $1.65-$1.85, which is below the estimated $2.12.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:26 pm

ROOT

Root Inc (NASDAQ:ROOT) shares surged in after-hours trading following the release of its Q1 earnings, which exceeded expectations. The company reported a Q1 revenue of $254.9 million, surpassing estimates of $204.28 million, and a loss per share of 42 cents, significantly better than the expected loss of $2.48. Root highlighted its substantial growth in new writings, a 101% increase in policies-in-force year-over-year, and positive figures in operating income, EBITDA, and operating cash flow for the third consecutive quarter. The company attributes its success to its focus on direct channel growth, investment in technology, and strategic pillars aimed at achieving long-term profitability and market share.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 9:25 pm

TMDX

TransMedics Gr (NASDAQ:TMDX) reported Q1 2024 earnings of $0.35 per share, surpassing the $0.02 estimate by 1650%, and a 537.5% increase from last year's losses. Sales reached $96.850M, beating the $83.778M estimate by 15.60%, marking a 133.07% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:24 pm

AGTI

DOCN

DigitalOcean (DOCN) is set to replace Agiliti (AGTI) in the S&P SmallCap 600 before the market opens on May 7, as Thomas H. Lee Partners L.P. finalizes its acquisition of Agiliti.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:23 pm

FPI

Farmland Partners has revised its 2024 AFFO (Adjusted Funds From Operations) guidance range upwards, from previously $0.15-$0.23 to now $0.19-$0.26, indicating a positive outlook on its financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:21 pm

AAT

American Assets Trust (AAT) has raised its 2024 FFO per share guidance from the previous range of $2.19-$2.33 to a new range of $2.24-$2.34, with analysts' estimates at $2.30.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:20 pm

RNR

RenaissanceRe Holdings (NYSE:RNR) reported Q1 earnings of $12.18 per share, surpassing the $9.41 estimate, a 49.26% increase from last year. Sales reached $2.60B, slightly above the $2.59B estimate, marking a 17.87% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:19 pm

CMND

Clearmind Medicine Inc. (CMND) announced its intention to cease being a reporting issuer in Canada, which would end its obligation to file financial statements and other continuous disclosure documents with Canadian Securities Regulators. Despite this, Clearmind will continue to meet disclosure requirements in the United States and Germany, adhering to the laws and rules of the Nasdaq and the Frankfurt Stock Exchange. All disclosure documents will remain accessible to security holders, including those in Canada, through the company's website.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:18 pm