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Research Alert: Aig Posts Significantly Better-than-expected Q1 Operating Eps

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AIG posted strong Q1 results with operating EPS of $2.11 versus $1.17 prior year, topping our $1.95 estimate and the $1.88 consensus view on improved claim trends. General Insurance net premiums written surged 24% to $5.6B, while underwriting income more than tripled to $774M with the combined ratio improving 850 basis points to 87.3% on lower catastrophe losses. We view AIG as undervalued and believe its ability to produce above-peer underwriting profitability will provide a catalyst for shares to close their valuation gap with peers. Chairman and CEO Peter Zaffino will transition out, with Eric Anderson becoming CEO on June 1, 2026. We are encouraged by AIG's significantly improved underwriting profitability and broad-based premium growth driven by strategic transactions including Everest Group renewals. AIG returned $760M to shareholders through buybacks and dividends, with the Board increasing the quarterly dividend 11% to $0.50 per share, marking the fourth consecutive year of double-digit increases.

$AIG

Mining & Metals55d ago

Earnings Flash (BDGI.TO) Badger Infrastructure Solutions Posts Q1 Adjusted EPS US$0.22 Per Share Basic and Diluted

$BDGI.TO

Mining & Metals55d ago

Earnings Flash (BDGI.TO) Badger Infrastructure Solutions Ltd. Reports Q1 Revenue US$203.2M, Up 18%; 13% EBITDA Growth

$BDGI.TO

Research55d ago

Research Alert: The Clorox Company Beats Estimates Driven By Household And International

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CLX reported Q3 FY 26 net sales of $1.67B, flat Y/Y with organic sales down 1%, while adj. EPS of $1.64 grew 13% and beat consensus by $0.10. Gross margin contracted 140 bps to 43.2% due to elevated manufacturing costs and unfavorable mix, though disciplined expense management supported earnings. Mixed segment performance showed Household and International delivering growth of 3% and 8%, respectively, while Lifestyle declined 9% on lower consumption and inventory adjustments. Management updated FY 26 guidance expecting net sales to decline ~6% with organic sales down ~9%, including a 7.5%-pt ERP headwind. Adj. EPS guidance of $5.45-$5.65 represents a 27%-29% decline, with gross margin expected to contract 250-300 bps from GOJO inventory step-up and elevated energy costs. The April 1 GOJO acquisition expands the health portfolio though near-term integration costs pressure results. We believe the completed $580M digital transformation positions CLX for long-term operational improvements despite macro headwinds.

$CLX

Research55d ago

Research Alert: Rivn: Q1 Eps Ahead Of Consensus; 2026 Guidance Unchanged

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Rivian (RIVN) posted Q1 adjusted EPS of -$0.55 vs. -$0.41, ahead of the -$0.60 consensus. Revenue rose 11% to $1.38B ($10M ahead of consensus) on a 20% increase in total vehicle sales to 10,365 units, augmented by a 49% Y/Y increase in software and services revenue to $473M. RIVN's gross margin contracted 800 bps to 8.6%, but was ahead of the 8.4% consensus. The quarter's financial results reflect the company's strategic pivot toward broader market accessibility with the R2, though at the cost of near-term profitability. RIVN maintained prior 2026 guidance for adjusted EBITDA, vehicle deliveries, and capex. The company ended Q1 with cash of $4.8B, down from $6.1B at year-end 2025. Shares are trading 1% higher in after-hours trading. RIVN's Q1 earnings were ahead of expectations, although cash burn remains a key concern, with free cash flow deteriorating, driven by increased operating expenses and working capital consumption. Execution risks remain high given challenging demand facing the broader EV industry.

$RIVN

Wire55d ago

Tanger Q1 Core FFO, Revenue Rise; 2026 Guidance Increased

Tanger (SKT) reported Q1 core funds from operations late Thursday of $0.59 per diluted share, up from $0.53 a year earlier.Analysts polled by FactSet expected $0.58.Revenue in the three months ended March 31 rose to $150.4 million from $135.4 million a year earlier.Analysts surveyed by FactSet expected $142.9 million.The company raised 2026 FFO guidance to $2.42 to $2.50 per diluted share from $2.41 to $2.49.Analysts polled by FactSet expect $2.47.Tanger shares fell 2.3% in after-hours trading.

$SKT

Research55d ago

Research Alert: Rmd Posts Mixed Q3 Fy 26 With Solid Margin Expansion Despite Revenue Miss

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ResMed delivered mixed Q3 FY 26 results with revenue growing 11% to $1.43B, $20M below expectations, while non-GAAP EPS of $2.86 rose 21%, beating consensus by $0.06. Geographic performance showed broad strength with U.S./Canada/Latin America up 9% and Europe/Asia expanding 16%, while masks/accessories outpaced devices with 16% vs 9% growth. The standout highlight was gross margin expansion of 290 bps to 62.2% driven by manufacturing efficiencies and component cost improvements, demonstrating operational excellence in our view. The company continues advancing its digital health strategy with new product launches including the AirTouch F30i mask and plans for a 2027 Indiana distribution center. We expect the recently completed VirtuOx acquisition to strengthen diagnostic capabilities within ResMed's digital health ecosystem across 140+ countries, positioning the company well for continued growth in the expanding sleep and respiratory care market.

$RMD

Research55d ago

Research Alert: Mohawk Beats Q1 Eps On Cost Control, But Inflation Forces Weak Q2 Outlook

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q1 net sales of $2.7B ended near consensus, with 8% Y/Y growth aided by four additional shipping days, though adjusted sales declined 2.6% indicating underlying weakness. Adjusted EPS of $1.90 beat consensus of $1.81 and guidance of $1.85, driven by productivity, restructuring, and product mix improvements that offset cost inflation and lower volumes. However, we remain cautious as Flooring North America and Rest of World segments declined 4.1% and 4.4%, respectively, with competitive industry pricing pressuring margins despite operating margin expansion of 60 bps to 5.5%. Management's Q2 adjusted EPS guidance of $2.50-$2.60 missed prior consensus of $2.73, citing the Middle East conflict driving higher energy costs for key product inputs. MHK expects the full impact of raw material cost increases to flow through in 2H FY 26, suggesting initial margin pressure. Strong cash generation of $110.1M vs $3.7M prior year enabled $64M in share repurchases.

$MHK

Research55d ago

Research Alert: Camden Property Trust Posts Ffo Beat With Flat Revenue Growth

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CPT reported Q1 2026 FFO of $1.70 per share, in line with consensus, while total revenue of $389M declined 1.0% Y/Y, also meeting expectations. Same property cash NOI fell 0.7% Y/Y with revenue growth of 0.2% and expense growth of 1.9%, reflecting pricing pressure from new supply deliveries across Sunbelt markets. Management expects 2026 to be a "below-average year for pricing power" as blended lease spreads deteriorated to -1.4% from +0.1% in the prior year, with new lease spreads worsening to -5.2% from -3.1%. For full-year 2026, management guides same property NOI growth of -2.50% to +1.50%, indicating potential negative growth. The weakest markets include Atlanta (-7.4% NOI), Nashville (-7.1%), and Houston (-3.7%), while Southeast FL (+4.8%) was strongest. CPT maintains $3.9B in total debt with $882M available liquidity, though cash position remains low at $41M. We believe supply pressures will persist through 2026, limiting rental rate growth potential.

$CPT

Mining & Metals55d ago

Sun Life Financial Reaches Settlement in Principle to Resolve MetLife Class Action; AM Best Affirms Credit Ratings

Sun Life Financial (SLF.TO) Thursday after trade said it has reached a settlement in principle to resolve a class action relating to individual life insurance policies sold and issued by MetLife in the 1980s and 1990s, which Sun Life inherited through acquisitions.This matter does not involve any policies or products sold by Sun Life, the company said.If approved, Sun Life would provide up to $213.5 million settlement value to eligible policyholders, which is expected to result in a charge to first quarter 2026 reported net income of approximately $145 million.The proceedings relate to the interpretation of policy language in the policies, which are subject to an indemnity from MetLife. Sun Life will seek full recourse from MetLife pursuant to the indemnity, if the settlement is approved, it confirmed.Separately, AM Best affirmed the financial strength rating (FSR) of A+ (Superior) and the long-term issuer credit ratings (Long-Term ICR) of "aa" (Superior) of Sun Life Assurance Company of Canada and Sun Life and Health Insurance Company (U.S.), core insurance subsidiaries of Sun Life Financial. AM Best also affirmed the Long-Term ICR of "a" (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of SLF. The outlook of these ratings is stable.The ratings reflect Sun Life Group's balance sheet strength, which AM Best assesses as strongest, strong operating performance, favorable business profile and very strong enterprise risk management.Sun Life Financial shares are unchanged at US$72.08 in U.S. after-hours trade. It closed up $1.30, to $97.87 on the Toronto Stock Exchange.

$SLF$SLF.TO

Commodities55d ago

US Natural Gas Update: Futures Rise Over 4% on Smaller Inventory Build

US natural gas futures held onto earlier 4% plus gains in after-hours trading on Thursday after government data showed a smaller-than-expected storage build, prompting short covering in the market.The front-month Henry Hub natural gas contract and the continuous contract both rose 4.19% to settle at $2.76 per million British thermal units.The US Energy Information Administration reported that natural gas inventories increased by 79 billion cubic feet for the week ended April 24.The injection was below the prior week's 103 Bcf build and the 105 Bcf addition recorded in the same week a year earlier. It was, however, 20 Bcf above the five-year average increase of 63 Bcf. Analysts had expected a build of up to 83 Bcf, making the reported figure a modest downside surprise.The build pushed total working gas in storage to 2,142 Bcf, 116 Bcf, or about 6%, above year-ago levels and 153 Bcf, or roughly 8%, above the five-year average of 1,989 Bcf, from 7% last week.Analysts attributed the price rebound largely to positioning. In a note, FX Empire said traders had anticipated another outsized injection following the previous week's triple-digit build, and the smaller figure triggered short covering.Despite Thursday's gains, natural gas prices have been under pressure in recent sessions due to ample supply and weak seasonal demand. The EIA said the Henry Hub spot price fell 16 cents over the week ended Apr. 29 to $2.60/MMBtu.Some supply-side tightening is beginning to emerge, however. Gelber & Associates noted that US production has been edging lower on a day-to-day basis, while reduced Canadian imports are contributing to a tighter near-term supply balance.US dry gas production stood at 110.5 Bcf per day on Thursday, up 3.2% over the year, while demand reached 74.7 Bcf/d, up 9.6% from a year earlier, according to Barchart data, referencing BNEF.On the export side, the EIA reported that 133 Bcf of LNG was shipped from the US during the week ended Apr. 29 aboard 35 vessels, down 1 Bcf from the previous week. BNEF data indicated that net flows to US LNG export terminals averaged 18.6 Bcf/d on Thursday, a 5.7% decline week-on-week.

Asia55d ago

KMD Brands Appoints Chair

KMD Brands (ASX:KMD, NZE:KMD) appointed Non-Executive Director Philip Bowman as chair, effective Friday, succeeding David Kirk, according to a same-day filing with the New Zealand bourse.Bowman is currently the chair of Sky Network Television (NZE:SKT, ASX:SKT), per the filing.

ASX:KMDASX:SKTNZE:KMDNZE:SKT

Research55d ago

Research Alert: Weyerhaeuser Company Q1: Climate Solutions Drive Ebitda Via One-time Items

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:WY reported Q1 revenue of $1.73B, down 2.0% Y/Y but up 12.1% Q/Q, beating consensus by $8M, with EPS of $0.22 (up 120% Y/Y) and adjusted EPS of $0.11 ($0.06 above consensus). Timberlands revenue declined 6.8% Y/Y to $492M while Wood Products fell 9.6% to $1.16B due to lower pricing and volumes in structural lumber. We don't anticipate large easement transactions for the rest of the year and believe Climate Solutions operating income peaked in Q1. Management's 2030 target of $250M in adjusted EBITDA for Climate Solutions appears achievable given the segment's exceptional Q1 performance. The Strategic Land Solutions segment generated $169M in operating income (+101% Q/Q), boosted by a $94M conservation easement transaction, while Q/Q pricing improvements in Wood Products signal a strong 2H 2026 recovery. We expect Q2 EBITDA to decline to the $280M-$290M range, primarily impacted by the absence of one-time conservation easement transactions.

$WY

Mining & Metals55d ago

Earnings Flash (TWC.TO) TWC Enterprises Limited Reports Q1 Basic and Diluted EPS $0.25

$TWC.TO

Mining & Metals55d ago

Advantage Energy Swings to First-quarter Profit; Sales Fall

Advantage Energy (AAV.TO) after trade Thursday said it swung to a first-quarter profit while natural gas and liquids sales declined year-over-year.The natural-gas focused Western Canadian producer earned $29.5 million, or $0.17 per share, in the period, compared with a loss of $29 million, or $0.17, a year ago. FactSet expected $0.27 per share.Natural gas and liquids sales fell to $206.9 million from $221.8 million a year prior. FactSet projected sales of $210.6 million."Advantage is entering a period of highly efficient growth and escalating free cash flow, with less than $100 million of capital planned for the second half of 2026. Production is anticipated to average approximately 90,000 boe/d from Q3 2026 through 2027," the company said, adding that it expects to reduce net debt to $400 million to $500 million in the second half of 2026, supported by hedging and market diversification even if natural gas prices stay weak.The results are for Advantage Energy only and exclude its subsidiary Entropy, according to the statement.Advantage shares closed down $0.01 to $10.33 on the Toronto Stock Exchange.

$AAV.TO

Wire55d ago

Alignment Healthcare Swings to Q1 Profit, Revenue Rises; Shares Fall After Hours

Alignment Healthcare (ALHC) reported Q1 earnings late Thursday of $0.05 per diluted share, compared with the loss of $0.05 a year earlier.Analysts polled by FactSet expected earnings of $0.01.Revenue in the three months ended March 31 rose to $1.24 billion from $926.9 million a year ago.Analysts surveyed by FactSet expected $1.22 billion.The company expects revenue of $1.3 billion to $1.32 billion in Q2 and $5.16 billion to $5.21 billion in the full year.Analysts project $1.31 billion in Q2 and $5.17 billion in 2026.Alignment Healthcare shares fell 10% in after-hours trading.

$ALHC

Research55d ago

Research Alert: Columbia Sportswear Company Beats Estimates; Raises Full-year Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:COLM posted Q1 2026 EPS of $0.65 vs. $0.75 prior year, $0.30 above consensus on flat net sales of $779M, $21M above estimates. International diversification proved valuable with EMEA surging 35% and LAAP growing 5%, offsetting a 10% U.S. decline, while gross margin contracted 20 bps to 50.7% primarily from a 310-bp incremental tariff impact. We believe the international growth strategy is effectively insulating the company from U.S. tariff headwinds and positioning it for sustained global expansion. Management raised full-year EPS guidance to $3.55-$4.00 from prior $3.20-$3.65 and operating margin guidance to 6.7%-7.5% reflecting better tariff conditions. The company maintains its fortress balance sheet with $535.4M cash and no debt while executing a $150M share repurchase program. We are impressed with international performance driving growth and expect continued momentum from the ACCELERATE Growth Strategy targeting younger consumers, with shares trading at 17x forward EPS guidance.

$COLM

Mining & Metals55d ago

Fairfax India Holdings Corp Announcing FY25 Net Earnings of US$410.5M or $3.05 Net Earnings Per Diluted Share

$FIH-U.TO

Mining & Metals55d ago

Agnico Eagle Mines Profit More Than Doubles, Beats Estimates As Production Falls

Agnico Eagle Mines (AEM.TO, AEM) rose 0.5% in after-hours New York trading on Thursday after the company reported its first-quarter adjusted profit more than doubled year over year and beat analysts' estimates, despite a decline in gold production.The company said adjusted income, excluding most one-time items, rose to US$1.71 billion, or US$3.41 per share, from US$770 million, or US$1.53, a year ago. FactSet expected US$3.24 per share.Quarterly gold production fell to 825,109 ounces from 873,794 ounces in the prior-year period. Agnico said solid production, combined with higher realized gold prices of $4,861 per ounce in the first quarter, resulted in record operating margins and adjusted net income.The company also declared a quarterly cash dividend of $0.45 per share, payable on June 15, to shareholders of record as of June 1. .In the first quarter, the company repurchased 721,211 shares under the NCIB at an average price of $207.68 per share for aggregate purchases of $150 million."We delivered a solid start to 2026, achieving record operating margins while production and costs tracked well to plan. With gold production expected to be weighted to a stronger second half of the year, we are managing cost volatility through disciplined execution and asset optimization, supported by our regional operating model. This positions us well to deliver on our full year guidance," said chief executive Ammar Al-Joundi.In its outlook, Agnico said full year expected payable gold production in 2026 remains unchanged at 3.3 to 3.5 million ounces, with production now weighted approximately 48% to the first half of the year and 52% to the second half. Full year total cash costs per ounce and AISC per ounce in 2026 remain unchanged at $1,020 to $1,120 and $1,400 to $1,550, respectively.The company's shares were last seen up US$1.00 to US$189.13 i after hours. They closed up C$4.22 to C$255.43 on the Toronto Stock Exchange.

$AEM$AEM.TO

Asia55d ago

Contact Energy Chair to Retire

Contact Energy (ASX:CEN, NZE:CEN) said Chair Rob McDonald will retire at the conclusion of the upcoming annual shareholder meeting, according to a Friday filing with the New Zealand bourse.Independent Non-Executive Director Jon Macdonald will succeed Rob as chair following the annual meeting, the filing added.

ASX:CENNZE:CEN

Showing 32281-32300 of 46588

Commodities55d ago