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TMDX

TransMedics has increased its FY24 revenue forecast from the range of $360M-$370M to $390M-$400M, surpassing the estimated $366.990M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:32 pm

HI

Hillenbrand has revised its FY24 adjusted EPS forecast downwards from the previous range of $3.60-$3.95 to a new range of $3.30-$3.50, below the estimated $3.70.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:31 pm

TRTX

TPG RE Finance Trust (TRTX) reported Q1 2024 adjusted EPS of $0.30, surpassing the $0.18 estimate, and sales of $38.927M, exceeding the $23.180M estimate. This represents a significant increase in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:31 pm

MS

Morgan Stanley (NYSE:MS) has delivered an average annual return of 11.92% over the past 10 years, outperforming the market by 1.53% annually. With a current market capitalization of $147.76 billion, a $1000 investment in MS stock a decade ago would be worth $3,020.95 today.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 9:30 pm

FERG

Ferguson (NYSE:FERG) has significantly outperformed the market with an average annual return of 24.37% over the past 5 years, turning a $1000 investment into $2,975.62 today. The company's market capitalization stands at $42.46 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 9:30 pm

SITE

SiteOne Landscape Supply, Inc. (NYSE:SITE) has acquired a majority stake in Devil Mountain Wholesale Nursery, LLC, a leading wholesale distributor of landscape trees and plants in California. This marks SITE's second acquisition in 2024, aiming to expand its market presence and complete its product line offering in California and the Western US. Devil Mountain's CEO Drew McMillan will continue as President, and the deal includes an option for SITE to acquire the remaining interest in the future.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:30 pm

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