These Analysts Increase Their Forecasts On Universal Technical Institute After Strong Earnings
Benzinga· 2024-11-22 03:01
Universal Technical Institute, Inc. UTI reported better-than-expected earnings for its fourth quarter on Wednesday.The company posted quarterly earnings of 34 cents per share which beat the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $196.36 million which beat the analyst consensus estimate of $191.39 million.“We concluded the first stage of our North Star Strategy in fiscal 2024 achieving both strong results and momentum,” said Jerome Grant, CEO of Universal Te ...
Compelling Reasons to Hold on to Ensign Group Stock Now
ZACKS· 2024-11-22 03:00
The Ensign Group, Inc. (ENSG) is benefiting from improved service revenues, a series of acquisitions and a strong financial position. An optimistic 2024 business outlook also reinforces investors’ confidence in the stock. Zacks Rank & Price PerformanceEnsign Group carries a Zacks Rank #3 (Hold) at present. The stock has gained 33.3% in the past year compared with the industry’s 24.6% growth. The Medical sector and the S&P 500 composite index have increased 2.5% and 30%, respectively, in the same time frame ...
Deere: Sell It On Q4 Earnings Bounce, Buy It Back Later
Seeking Alpha· 2024-11-22 02:59
John Deere (NYSE: DE ) just reported its Q4 earnings . Despite concerns and fears, the market seemed to like the report and Deere's shares are up over 8% . The reason is simple: Deere topped estimates, evenI focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer drive ...
Corpay Stock Gains 58% in a Year: Here's What You Should Know
ZACKS· 2024-11-22 02:55
Corpay, Inc. (CPAY) has had an impressive run over the past year. Shares have gained 58% compared with the 30.5% rally of the industry.The company has an expected long-term (three to five years) earnings per share growth rate of 14.3%. Its earnings are expected to register growth of 12.3% in 2024 and 16% in 2025.Factors Behind CPAY’s RallyCorpay’s top line continues to grow organically, driven by increased volume in its payment programs. The company continues to witness solid organic revenue growth, driven ...
Nvidia Has A Large Growth Trajectory On The Horizon
Seeking Alpha· 2024-11-22 02:55
Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Michael takes a macro-value-oriented approach to investment analysis and prides himself in being able to make investment recommendations based on cross-industry analysis.Analyst ...
SL Green Secures Extension of $742.8M Mortgage on 1515 Broadway
ZACKS· 2024-11-22 02:55
SL Green Realty (SLG) recently announced closing on a modification and extension for the $742.8 million mortgage on 54-story office tower, 1515 Broadway. As a result, the maturity date has been extended by three years to March 2028, while the interest rate remains unchanged at 3.93%. This strategic move enhances SL Green's debt maturity profile. It offers SL Green and its partners the essential time and flexibility required to pursue projects like Caesars Palace Times Square. This project will bring the wor ...
Mastercard Expands in Senegal With New Prepaid Card Launch
ZACKS· 2024-11-22 02:55
Mastercard Incorporated (MA) recently collaborated with a Senegal-based fintech firm, New Africa Technology (NAT), in a bid to launch a virtual and physical prepaid card tied to NAT's digital wallet, "Flash." Transactions through the wallet can be done using both virtual and physical prepaid cards, and a seamless payment experience is assured. It incorporates features like invoice splitting among multiple users, expense management, and budgeting tools. The app also works seamlessly with regional wallets, al ...
i-80 Gold: Market Overreaction Presents Opportunity
Seeking Alpha· 2024-11-22 02:52
I invest only for myself with no formal securities training. I write these article to share interesting ideas or discoveries that I believe might help others or generate meaningful conversation. Analyst's Disclosure: I/we have a beneficial long position in the shares of IAUX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with a ...
Nu Holdings Stock Soars 60% Year to Date: Buy, Hold, or Sell?
ZACKS· 2024-11-22 02:50
Nu Holdings Ltd. (NU) has demonstrated remarkable performance this year, with its stock climbing 60%, significantly outpacing the industry's 28.4% growth. Comparatively, NU's peers have shown mixed results. Banco Santander (Brasil) S.A. (BSBR) has declined by 32%, while SoFi Technologies (SOFI) has recorded a 46.5% increase over the same period. Zacks Investment Research Image Source: However, NU has experienced recent declines, dropping 6.3% in the last three months and 8.4% over the past month, signaling ...
3 Reasons Why Growth Investors Shouldn't Overlook Merit Medical (MMSI)
ZACKS· 2024-11-22 02:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...