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LXP Industrial Trust: Update to credit analysis following ratings affi...

Our credit view of this issuer reflects its solid fixed charge coverage and well-laddered debt maturity schedule, against its modest size and high Net Debt/EBITDA.

ABS & RMBS Spotlight: April 2024 Edition

This edition highlights our recent research on key credit issues affecting the US and Canadian ABS and RMBS markets.

Regional SD 15 (Southbury & Middlebury), CT: Initial Rating

Our credit view of Regional SD 15, CT's conservative financial management, low leverage and strong member towns.

 PRESS RELEASE

Genie Energy to Report First Quarter 2024 Results

Genie Energy to Report First Quarter 2024 Results NEWARK, NJ, April 24, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the first quarter of 2024 on Wednesday, May 8, 2024. Genie Energy will issue an earnings release over a wire service and post it in the “Investors” section of the Genie Energy website () at 7:30 AM Eastern. The release also will be filed in a current report (Form 8-K) with the SEC. At 8:30 AM Eastern, Genie Energy’s management will host ...

Tomi Railo
  • Tomi Railo

Valmet (Buy, TP: EUR30.00) - Q1 on the weak side

Following a mixed but negatively skewed overall Q1, we have lowered our 2024–2026e clean EPS by c4% on average. We reiterate our BUY and EUR30 target price.

Ole Martin Westgaard
  • Ole Martin Westgaard

Komplett (Hold, TP: NOK10.00) - Challenging market set to persist

The Q1 report was weak, as revenues were badly hit by a challenging market, which looks set to persist near-term. We reiterate our HOLD and have cut our target price to NOK10 (12) on negative estimate revisions. At our new target price, the stock would be trading at a 2026e P/E of c5x, which we find to be warranted given the subdued market outlook and weak balance sheet.

Twilio Inc.: Update to Credit Analysis

Our credit view of this issuer reflects its strong cash generating capability and its very strong liquidity with a solid net cash position, constrained by its potential acquisition activity.

Ole Martin Westgaard
  • Ole Martin Westgaard

XXL ASA (No_rec, TP: NOK) - Weak Q1, but better than forecast

XXL reported weak Q1 results, albeit slightly better than expected, as it continues to underperform in a challenging market. On a positive note, the company continues to make progress on its strategic initiatives and has improved its financial position following the private placement. We have cut our 2024–2025e EBITDA by 21–13% on slightly revised revenue and margin assumptions.

 PRESS RELEASE

Cenovus to hold first-quarter conference call and webcast, virtual ann...

Cenovus to hold first-quarter conference call and webcast, virtual annual meeting of shareholders on May 1 CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its first-quarter 2024 results on Wednesday, May 1. The news release will provide consolidated first-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, . Conference call: 9 a.m. MT (11 a.m. ET) To join the conference call without operator assistance, please register approximately 5 minutes in advance to recei...

Moody's Ratings assigns Aaa/VMIG 1 to Mississippi Home Corporation Mul...

Moody's Ratings (Moody's) has assigned  Aaa/VMIG 1 ratings to the proposed $8.5 million Mississippi Home Corporation Multifamily Housing Revenue Bonds (Woodcrest Apartments Project), Series 2024-1. RATINGS RATIONALE The Aaa long-term rating of this cash collateralized transaction is based on the...

Moody's Ratings affirms Rocket Mortgage's servicer quality (SQ) assess...

Moody's Ratings (Moody's) has affirmed the servicer quality (SQ) assessment for Rocket Mortgage, LLC ("Rocket Mortgage") at SQ2- as a primary servicer of prime residential mortgage loans. The company was founded in 1985 and is one of the largest overall US residential mortgage servicers. As of Dec...

Government of Niger: Loan agreement with China National Petroleum will...

The loan, collateralized by future oil revenue, helps clear accumulated arrears but limits Niger's fiscal and balance of payment benefits from new oil exports over the first year.

Moody's Ratings affirms Virginia Polytechnic Inst. & State Univ.'s (VA...

Moody's Ratings (Moody's) has affirmed Virginia Polytechnic Institute and State University, VA's (Virginia Tech) Aa1 issuer and revenue bond ratings and P-1 commercial paper program. Total debt outstanding is approximately $903 million as of fiscal year-end 2023. The outlook on the issuer and underl...

 PRESS RELEASE

Century Next Financial Corporation Reports Record 1st Quarter 2024 Res...

Century Next Financial Corporation Reports Record 1st Quarter 2024 Results RUSTON, La., April 24, 2024 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with $793.8 million in assets, today announced financial results for the 1st quarter ended March 31, 2024. Financial Performance For the three months ended March 31, 2024, the Company had net income after tax of $2.66 million compared to net income of $1.06 million for the three months ended March 31, 2023, an increase of $1.6 million o...

Cabrillo Unified School District, CA: Update to credit analysis

Our credit view of Cabrillo USD highlighting its improved financial position, attainment of basic aid status, elevated leverage and high resident income and wealth.

 PRESS RELEASE

Vertex rejoint le programme ISV Accelerator d’Oracle, conçu pour les s...

Vertex rejoint le programme ISV Accelerator d’Oracle, conçu pour les solutions logicielles sous forme d’abonnement, ou SaaS pour Software as a Service En intégrant la fiscalité au cœur de la suite d’applications Oracle Fusion Cloud, Vertex garantit une expérience optimisée des opérations commerciales à ses utilisateurs KING OF PRUSSIA, Pennsylvanie, 24 avr. 2024 (GLOBE NEWSWIRE) --  (NASDAQ : VERX), ci-après « Vertex » ou « la société », fournisseur mondial de technologies fiscales et membre d’Oracle PartnerNetwork, ou OPN, le réseau de partenaires d’Oracle, annonce ce jour son adhésion...

 PRESS RELEASE

The First Bancshares, Inc. Reports Results for First Quarter ended Mar...

HATTIESBURG, Miss.--(BUSINESS WIRE)-- The First Bancshares, Inc. (“FBMS” or “the Company”) (NASDAQ: FBMS), holding company for The First Bank, () reported today financial results for the quarter ended March 31, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $20.6 million for the quarter ended March 31, 2024, representing an increase of 86.7% when compared to $11.0 million for the quarter ended December 31, 2023. Several one-time items are detailed in the tables located in the appendix of this release. Excluding one-time items detailed in the table...

Healthcare Providers – Global: 2023 Cyber Survey shows strong healthca...

Healthcare has strongly implemented measures such as penetration testing, but continuing attacks will require the industry to keep investing in cybersecurity at a time of rising expenses.

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