reports
- Tomi Railo
- 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.
- 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.
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...
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...
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...
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...
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...
Moody's Ratings assigns Aa2 UND/Aa1 ENH to Gainesville and Hall County...
Moody's Ratings (Moody's) has assigned a Aa2 underlying rating and Aa1 enhanced rating to Gainesville City School District, GA's $11.2 million Revenue Bonds (School District of the City of Gainesville Project), Series 2024 issued through Gainesville and Hall County Development Authority, GA. Concurr...
- Ebba Bjorklid
AFRY (Buy, TP: SEK203.00) - On track
In Q1, low capacity utilisation in Process Industries (PI) weighed on EBITA, but this headwind should ease from Q2. The infrastructure turnaround continued, and group capacity utilisation improved YOY excluding PI. We expect group capacity utilisation to improve YOY from H2. We reiterate our BUY but have lowered our target price to SEK203 (205).
- Johannes Grunselius
SSAB (Buy, TP: SEK100.00) - Impressive earnings resilience
Q1 proved another solid quarter, aided by impressive earnings resilience in SSAB Special Steels and SSAB Europe. While we have lowered our 2024-25 forecasts for SSAB Americas, this is offset by a more positive view on SSAB Special Steels and SSAB Europe, meaning our group earnings are largely unchanged. We reiterate our BUY, but given the stock is now trading ex-dividend (DPS of SEK5), we have lowered our target price to SEK100 (SEK105).
Moody's Ratings: Tapestry's and Capri's ratings unaffected by recent F...
Moody's Ratings (Moody's) commented that the ratings and outlooks of Tapestry, Inc. (Tapestry) and Capri Holdings Limited, the parent of Michael Kors (USA), Inc. (Capri), are unaffected by the announcement that the US Federal Trade Commission is seeking to block Tapestry's pending acquisition of Cap...
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