Traded clusters – Top Clusters http://topclusters.org/ Sun, 15 May 2022 10:41:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://topclusters.org/wp-content/uploads/2021/10/icon-5-100x100.png Traded clusters – Top Clusters http://topclusters.org/ 32 32 Despite huge potential, FG neglects leather value chains https://topclusters.org/despite-huge-potential-fg-neglects-leather-value-chains/ Sun, 15 May 2022 10:41:12 +0000 https://topclusters.org/despite-huge-potential-fg-neglects-leather-value-chains/ Even as exports are estimated at N419 billion by 2025 Leather and products in the leather value chain are among the most traded livestock products in the agricultural sector worldwide. The sector has the longest value chain – shoes, bags, seats, handicrafts, car seats, etc. – and is fully integrated into millions of African households, […]]]>
  • Even as exports are estimated at N419 billion by 2025

Leather and products in the leather value chain are among the most traded livestock products in the agricultural sector worldwide.

The sector has the longest value chain – shoes, bags, seats, handicrafts, car seats, etc. – and is fully integrated into millions of African households, according to Hidenet International Market Report.

The value of imports and exports of hides and skins, hides and leather products from Africa in 2018 was $2.55 billion, while the estimated potential of the sector stands at $40 billion.

According to the report “A Blueprint for the African Leather Industry” commissioned by the United Nations Industrial Development Organization and prepared jointly by ITC, the Food and Agriculture Organization of the United Nations and the Common Fund for basic products, it is estimated that African countries have 20% of the world’s livestock. , sheep and goats, but produce only 14.9% of world production of hides and skins.

They own 10% of the world’s livestock but produce only 4.5% of cattle hides. Their exports of hides and skins have fallen in recent years from 4% to 2% and their tanning capacity from 9.2 to 6.8%.

The report identifies Africa’s potential and makes recommendations for supply chain actors – governments, private sector and international organisations.

The global leather goods market reached a value of $350.7 billion in 2020. Going forward, the market is expected to grow at a CAGR of 5.5% between 2021 and 2026 to reach $450 billion, said Research and Markets, the world’s largest market research store.

Last year, the Nigeria Economic Summit Group (NESG) estimated that Nigeria’s leather industry could generate more than 419 billion naira (about $1 billion) in export revenue by 2025.

At the last livestock conference, experts again accused the federal government of neglecting the leather value chain in Nigeria despite the country’s relative advantage in livestock farming.

“The potential of the leather industry has not been fully realized despite its enormous potential as a source of foreign currency and a contributor to national jobs and wealth,” a task force noted at the conference.

Despite the launch of the leather and leather products policy implementation plan by the vice-president, Professor Yemi Osibanjo, in 2021 and the inauguration of the inter-ministerial steering committee on the implementation plan of the national policy of leather and leather products, the policy has not come to fruition. significant progress.

Experts want the federal government to support the development of the Nigerian brand of FLG and the creation of shoe manufacturing clusters in the states of Aba, Kano, Kaduna, Abuja, Lagos and Nasarawa, and rehabilitate and bring to life the plants and tanneries of dying hides and skins.

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Q&A with Malaysia’s Duopharma Biotech: Making a Breakthrough in Halal Pharmaceuticals | Salaam Footbridge https://topclusters.org/qa-with-malaysias-duopharma-biotech-making-a-breakthrough-in-halal-pharmaceuticals-salaam-footbridge/ Wed, 11 May 2022 07:24:13 +0000 https://topclusters.org/qa-with-malaysias-duopharma-biotech-making-a-breakthrough-in-halal-pharmaceuticals-salaam-footbridge/ Salaam Gateway interviewed Wan Amir-Jeffery Bin Wan Abdul Majid, Chief Operating Officer/Commercial Director at Duopharma Biotech Berhad in Malaysia, about recent developments in the halal pharmaceutical sector and the company’s plans. Wan Jeffery joined Duopharma Biotech Berhad as Chief Strategy Officer in 2016, responsible for Business Development, Halal Initiatives and Government Relations and Classic Ethical […]]]>

Salaam Gateway interviewed Wan Amir-Jeffery Bin Wan Abdul Majid, Chief Operating Officer/Commercial Director at Duopharma Biotech Berhad in Malaysia, about recent developments in the halal pharmaceutical sector and the company’s plans.

Wan Jeffery joined Duopharma Biotech Berhad as Chief Strategy Officer in 2016, responsible for Business Development, Halal Initiatives and Government Relations and Classic Ethical Sales to Government Enterprises. He was appointed Deputy CEO in 2018 with additional responsibilities in traditional ethical private sales and corporate communication. In 2020, Jeffery was named chief commercial officer when he took charge of ethical and specialty businesses. In 2021, he will also take over the commercial function of the international business department, in charge of the group’s commercial affairs.

Salaam Gateway (SG): How were Duopharma Biotech’s halal sales in 2021?

Wan Jeffery: All products produced in our three Malaysian factories are Halal certified. Removing marketed products from the equation, revenues were approximately RM600 million ($150 million), of which approximately $100-110 million came from our halal-certified factories. We certainly have growth opportunities in this particular part in 2022.

SG: How have the sales of halal nutraceuticals/vitamins/health supplements been over the past year? Did they decline due to the easing of COVID-19 or did sales continue?

Wan Jeffery: We did well during COVID-19, after the first quarter (of 2020) and in 2021. Consumer healthcare products offset prescription drug sales which declined due to discontinued products or not taking by the market, as the focus was on fighting the virus.

Consumer healthcare did well because people were boosting their immunity. It was at the height of the pandemic, but now the demand is for paracetamol or cough syrup, as many are affected due to the highly infectious, but less symptomatic Omicron virus.

People are concerned about managing any potential symptoms by taking these products to reduce symptoms. Overall, our consumer healthcare sales are strong and meeting targets, but not as strong as in 2021 and 2020.

SG: So ordinary health issues are back?

Wan Jeffery: We’re seeing the adoption of never-before-seen products in 2020 and 2021, so there’s a certain normalcy, especially from public hospitals. People are going out more and getting treatment for illnesses other than COVID-19. Anti-infectives are seeing higher adoption than in the past two years.

SG: Any news on a halal-certified COVID-19 vaccine?

Wan Jeffery: Not yet for Duopharma Biotech. Work is being done by local actors and stakeholders, but it is not a priority for us or for the Ministry of Health. The focus is on other vaccines like meningitis and influenza. We are also working on a few others for dengue fever and foot and mouth disease. The problem with a COVID-19 vaccine is to develop one that covers all potential variants; something that big pharma is working on.

SG: What is your outlook for halal pharmaceuticals this year?

Wan Jeffery: The question is how to ensure increased awareness? This is the recurring theme that we emphasize year after year when it comes to halal pharma. As an industry player, we can do our part, but there’s not much we can do. We want to see more aggressive halal pharma awareness sessions and government-led ecosystem development programs – not “What is halal pharma?”.

The government has supported halal pharma, but more can be done. The focus should be on growing the ecosystem and the government should support programs, be it awareness, development, market access or procurement policies that support halal pharmaceuticals , because we have halal certified products.

SG: So the Malaysian government should be a key driver?

Wan Jeffery: If you look at different market segments, the government buys 60-65% of the total pharmaceuticals in Malaysia in terms of value. You can easily make purchases focused on halal pharmaceuticals. A government policy gives more points to tenders for halal-certified products, but we still do not consider it robust enough to ensure priority for halal pharmaceuticals in terms of procurement.

It is essential to have government support and commitment beyond halal food and drink. Last year, the Ministry of International Trade and Industry identified pharmaceuticals as a national investment aspiration. They intend to place industries in different baskets according to priorities in order to give due attention to development in Malaysia; a growth driver for the next 10 years. In this case, we can look at how local industry can play an important role in terms of supplying products to government and the private sector, but mainly to ensure self-sufficiency and security around key pharmaceuticals that are increasingly likely to be manufactured.

SG: So a focus on domestic manufacturing?

Wan Jeffery: If the focus is national first, the rest will follow. By having consumer awareness, over-the-counter products and halal pharmaceuticals mentioned in the same breath as the brands we spend more on in terms of advertisements and promotions, acceptance of halal pharmaceuticals will no longer be an issue. , but a standard. Eventually, there would be spillover onto regional and then international markets.

SG: What are your plans for Duopharma Biotech this year?

Wan Jeffery: Halal is obviously a key initiative for us and other big players in Malaysia. We have a few pillars in our seven-year strategy and halal is one of the main ones. We will also continue to work with agencies, including JAKIM and the Halal Development Corporation (HDC).

JAKIM is the guardian of the certification process, but HDC develops the ecosystem and I believe both share the same aspirations. We engage with both parties and, as a business entity, bring innovative technologies, products and solutions to ensure that we also cooperate on the requirements of the halal pharmaceutical industry, be it vaccines in development or biosimilars.

SG: Do you have any new halal-certified products coming out?

Wan Jeffery: What I can share is our efforts to achieve Halal Malaysia certification for our biosimilar erythropoietin under the ERYSAA® brand. Last year, we undertook a painstaking process to determine the halal status of the Chinese hamster ovary (CHO) cell line used in the production of the biosimilar. We commissioned the University of Islamic Sciences Malaysia (USIM) to conduct the study and they brought together a group of scientists, Shariah experts and pharmacists to look at the production process from the primary cell line . I think this will be a landmark study as it is the first locally filled and finished biosimilar to apply for halal certification.

We are still reviewing the report. The next process will be for JAKIM and the National Fatwa Council to look at the concept as we are talking about using a hamster cell line as a host to develop a therapeutic protein. They have never had to deal with such questions in the pharmaceutical context and will have to think about them carefully. This will be the first biological cell line to undergo pharmaceutical review.

SG: What should JAKIM take into account?

Wan Jeffery: This is the first time that JAKIM has looked into the halal interpretation of biological products, including vaccines. Regarding vaccines and biosimilars, this concept will take years because the status of some cell lines is unclear and we need to study and deliberate from a scientific and Sharia point of view.

SG: Do you hope it will be done this year?

Wan Jeffery: Yes, but for ERYSAA®, we know the process from master cell start-up to production. It’s case by case and for others, there will be other interpretations. JAKIM has proposed a resolution to potentially apply the concept of istihalah, but needs to verify its parameters based on Shariah and scientific evidence before it can be adopted as halal. We hope there will be a positive outcome.

SG: Last time we spoke, you mentioned entering the Bangladeshi market. Is this still the case ?

Wan Jeffery: At the time, we were exploring opportunities with Bangladesh. However, their pharmaceutical industry is, to a certain extent, more advanced than Malaysia’s for generics because the government wanted to support the local generic industry so that it does not buy anything that local manufacturers cannot produce.

When we talk about collaboration, it’s about understanding policies and decisions. Bangladesh is more competitive in terms of scale, so there are no real opportunities there with the pharmaceuticals it currently has.

SG: Is there potential for a joint venture?

Wan Jeffery: It’s not something we explored. In the future, I don’t think that Bangladesh will still be a member of the Convention on Pharmaceutical Inspection and the Cooperation Scheme in Pharmaceutical Inspection (PIC/S) and that would be a prerequisite before entering into an agreement business with a technology provider.

SG: What do you mean by providers?

Wan Jeffery: The technology of the finished products, that is, they have the formulations, and for specific products, it can be interesting for us in the international markets.

SG: Is Duopharma planning to expand halal pharmaceuticals to other markets?

Wan Jeffery: We are exploring international collaborations, starting with two conferences with a group of Muslim doctors in the Philippines; the best place to start for obvious reasons. The first conference created awareness around Halal Pharmacy in a Malaysian context, including MS2424 (Malaysian Standard for Halal Pharmaceuticals); shared some of our halal certified products and highlighted our aspirations.

It’s a long way to create awareness and convert it into trade policy and sourcing decisions, especially in the south (of the Philippines), if not other parts of the country. We are now creating groups of international partners to create this awareness, starting with Muslim-dominated markets large enough to potentially have the momentum to move commercially.

We are also moving into smaller markets, such as the Maldives, outside of ASEAN. We want to enter more obvious halal-ready markets like the United Arab Emirates (UAE) and Gulf Cooperation Council (GCC) countries, not just to sell products, but to raise awareness of halal pharmaceuticals.

© SalaamGateway.com 2022. All rights reserved

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EPS of $0.69 expected for Visteon Co. (NYSE:VC) this quarter https://topclusters.org/eps-of-0-69-expected-for-visteon-co-nysevc-this-quarter/ Mon, 09 May 2022 04:25:08 +0000 https://topclusters.org/eps-of-0-69-expected-for-visteon-co-nysevc-this-quarter/ Wall Street analysts expect Visteon Co. (NYSE:VC – Get Rating) to report earnings of $0.69 per share for the current fiscal quarter, reports Zacks Investment Research. Five analysts released Visteon earnings estimates, with the highest EPS estimate at $0.86 and the lowest estimate at $0.41. Visteon reported earnings per share of ($0.32) in the same […]]]>

Wall Street analysts expect Visteon Co. (NYSE:VC – Get Rating) to report earnings of $0.69 per share for the current fiscal quarter, reports Zacks Investment Research. Five analysts released Visteon earnings estimates, with the highest EPS estimate at $0.86 and the lowest estimate at $0.41. Visteon reported earnings per share of ($0.32) in the same quarter last year, suggesting a positive year-over-year growth rate of 315.6%. The company is due to release its next earnings report on Monday, January 1.

On average, analysts expect Visteon to report annual earnings of $4.64 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $5.00. For the next fiscal year, analysts expect the company to report earnings of $7.50 per share, with EPS estimates ranging from $6.80 to $8.14. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts who follow Visteon.

Visteon (NYSE:VC – Get Rating) last released its results on Thursday, February 17. The company reported earnings per share (EPS) of $1.69 for the quarter, beating analyst consensus estimates of $0.11 from $1.58. The company posted revenue of $786.00 million for the quarter, versus analyst estimates of $647.32 million.

A number of analysts have recently released reports on the stock. Goldman Sachs Group upgraded Visteon shares from a “neutral” rating to a “buy” rating in a Tuesday, February 22 research report. StockNews.com assumed coverage of Visteon shares in a research report on Thursday, March 31. They set a “holding” rating for the company.

VC was down $0.40 on Friday, hitting $104.84. 215,069 shares of the company were traded, against an average volume of 367,031. The company’s 50-day simple moving average is $102.96. Visteon has a 12-month low of $88.82 and a 12-month high of $134.57.

About Visteon (Get a rating)

Visteon Corporation, an automotive technology company, designs, engineers and manufactures automotive electronics and connected car solutions for automakers worldwide. The company provides instrument clusters, including analog gauge clusters to 2D and 3D display-based devices; information displays that incorporate a range of user interface technologies and graphics management capabilities, such as 3D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback and motion effects light ; and Phoenix, an integrated display and infotainment audio platform, as well as an artificial intelligence-based in-vehicle voice assistant with natural language understanding.

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B&G Foods (NYSE: BGS) Reports Quarterly Results https://topclusters.org/bg-foods-nyse-bgs-reports-quarterly-results/ Sat, 07 May 2022 18:48:16 +0000 https://topclusters.org/bg-foods-nyse-bgs-reports-quarterly-results/ B&G Foods (NYSE:BGS – Get Rating) released its quarterly earnings data on Thursday. The company reported earnings per share of $0.34 for the quarter, missing the consensus estimate of $0.39 per ($0.05), MarketWatch Earnings reports. B&G Foods had a return on equity of 14.41% and a net margin of 3.28%. The company posted revenue of […]]]>

B&G Foods (NYSE:BGS – Get Rating) released its quarterly earnings data on Thursday. The company reported earnings per share of $0.34 for the quarter, missing the consensus estimate of $0.39 per ($0.05), MarketWatch Earnings reports. B&G Foods had a return on equity of 14.41% and a net margin of 3.28%. The company posted revenue of $532.41 million in the quarter, compared to $512.02 million expected by analysts. In the same quarter last year, the company posted EPS of $0.52. The company’s quarterly revenue increased 5.4% compared to the same quarter last year. B&G Foods updated its FY22 guidance to $1.65-$1.75 EPS.

BGS stock traded at $2.70 on Friday, hitting $24.37. 3,132,997 shares of the company were traded, with an average volume of 852,955. B&G Foods has a one-year low of $24.08 and a one-year high of $36.52. The company has a debt ratio of 2.46, a current ratio of 3.42 and a quick ratio of 0.92. The company has a market capitalization of $1.68 billion, a P/E ratio of 25.12 and a beta of 0.31. The company has a fifty-day simple moving average of $27.47 and a 200-day simple moving average of $29.89.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 2. Investors of record on Thursday, March 31 received a dividend of $0.475 per share. This represents a dividend of $1.90 on an annualized basis and a yield of 7.80%. The ex-dividend date was Wednesday, March 30. B&G Foods’ dividend payout ratio (DPR) is currently 195.88%.

Several research analysts have recently published reports on the company. Zacks Investment Research upgraded B&G Foods from a “sell” rating to a “hold” rating and set a target price of $28.00 for the company in a research report Wednesday. Credit Suisse Group cut its price target on B&G Foods from $27.00 to $26.00 and set an “underperform” rating for the company in a Wednesday, March 2 research report. BMO Capital Markets reduced its target price on B&G Foods from $36.00 to $32.00 in a Wednesday, March 2 research report. Finally, StockNews.com took over coverage of B&G Foods in a Thursday, March 31 research report. They issued a “maintaining” rating for the company.

A number of hedge funds have been buying and selling stocks recently. Thrivent Financial for Lutherans increased its position in B&G Foods by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 52,814 shares of the company valued at $1,623,000 after purchasing an additional 415 shares last quarter. Kingsview Wealth Management LLC increased its position in B&G Foods by 5.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 18,582 shares of the company valued at $571,000 after purchasing an additional 902 shares last quarter. Albion Financial Group UT bought a new position in B&G Foods during Q4, valued at around $31,000. Millennium Management LLC increased its position in B&G Foods by 15.2% during the 4th quarter. Millennium Management LLC now owns 12,035 shares of the company valued at $370,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in B&G Foods shares by 4.5% in the 4th quarter. Deutsche Bank AG now owns 43,012 shares in the company worth $1,322,000 after buying 1,866 more shares last quarter. 64.72% of the shares are held by institutional investors.

About B&G Foods (Get a rating)

B&G Foods, Inc manufactures, sells and distributes a portfolio of shelf stable and frozen foods, as well as household products in the United States, Canada and Puerto Rico. The Company’s products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruits, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican sauces, dry soups , taco shells and kits, salsas, pickles, peppers, tomato products, baking powder and baking soda, corn starch, cookies and crackers, nut clusters, and other specialty products.

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Grant of incentive stock options https://topclusters.org/grant-of-incentive-stock-options/ Thu, 28 Apr 2022 21:43:20 +0000 https://topclusters.org/grant-of-incentive-stock-options/ Improved RACE21™ operational performance in the following key areas: Mine optimization – $450 million: Harnessing data, machine learning and digital applications in Teck’s mining equipment has increased truck productivity by up to 10% on certain operations, reduced drilling and fuel costs and optimized mine quality. materials sent to processing plants. For example, in our Fording […]]]>

Improved RACE21™ operational performance in the following key areas:

Mine optimization – $450 million: Harnessing data, machine learning and digital applications in Teck’s mining equipment has increased truck productivity by up to 10% on certain operations, reduced drilling and fuel costs and optimized mine quality. materials sent to processing plants. For example, in our Fording River operations, machine learning models use real-time information such as truck speed and location to quickly identify road maintenance tasks and optimal truck allocation to to maximize production. In our Red Dog operations, 3D visualization and modeling applications are used to accurately predict the movement of materials during an explosion, improving the zinc content delivered to the plant by approximately 5%. Approaches similar to our Elkview operations have reduced material ash variability in the plant, increasing plant throughput by approximately 0.5% from December 2021.

Processing improvements – $300 million : Automation and machine learning models within Teck’s processing plants have increased throughput capacity by up to 9% and recovery by up to 3% at some sites. For example, in our Red Dog operations, automation has been used to improve the stability of crushing processes, increasing production rates by 9%. In our Highland Valley copper operations, automation and machine learning models that use real-time information from flotation processes – such as chemical additions and equipment settings – have driven a 3% increase in copper recovery. Combined with simulation models that track ore characteristics through our crushers, process control improvements and data analytics that support more informed blasting decisions, the site has achieved a 15% increase in crusher throughput capacity.

Integrated Operations and Maintenance – $150 million: Digital scheduling applications that better connect operations to logistics teams have reduced costs and maximized throughput between Teck’s steelmaking coal operations and newly upgraded Neptune Bulk terminals. Automated train loading at our Fording River operations has increased loading per car by 2% and loading speed by 40%. Predictive maintenance enabled by equipment sensors has reduced equipment downtime and operational interruptions at all sites.

Reduced health and safety risks: Safety initiatives across various Teck operations, including light vehicle monitoring systems, collision and proximity detection, and autonomous transportation systems, have reduced the overall risk associated with vehicle interactions and contributed to a 38% reduction in the frequency of high potential incidents at Teck in 2021 compared to the previous year.

Improving sustainability: Digital technology is implemented in all Teck operations to improve decision making in the areas of water use, air quality and energy consumption. For example, in our Trail operations, various automation initiatives have increased the throughput of the KIVCET dryer and at the same time reduced sulfur dioxide emissions by 19% in 2021 compared to the previous year. At our Fording River operations, we are developing machine learning using weather and water quality data to provide improved operational recommendations for mine water storage and movement.

These RACE21™ initiatives follow other successful technology programs at Teck, including the previously announced adoption of saturated rockfill technology for our Elk Valley water quality program, which accelerated the implements water treatment in the Elk Valley and provides a long-term, sustainable alternative to in-tank treatment plants.

“RACE21™ represents the latest advancement in a long history of technology and innovation at Teck,” said Andrew Milner, Senior Vice President and Chief Transformation Officer. “Teams of developers, data engineers, data scientists, and user experience designers leverage data and insights, while collaborating with our operations, to solve complex problems in real time. The work we performed is embedded across the organization, helping to offset the increased transportation profiles, declining ore grades and significant inflationary impacts that Teck and the rest of the global mining industry are experiencing.”

The expected annualized benefits are measured by the average of the impacts on the estimated current and future pre-tax cash flows of the various initiatives, based on a number of assumptions, including assumptions regarding the ramp-up of the initiatives, production, raw material prices, exchange rate and sales and other assumptions, and aggregating these estimated impacts to estimate the expected future benefits. Certain benefits are not expected to be fully realized until future periods, and the expected impact of these initiatives is factored into our existing guidance.

Forward-looking statements
This press release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential “, “should”, “believe” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in these forward-looking statements. These statements speak only as of the date of this presentation.

Forward-looking statements contained in this press release include, but are not limited to: statements about the expected benefits of RACE21™ and Teck’s other technology initiatives; and the improvements expected, or the continuation of improvements already made, by these initiatives, including, but not limited to, increased truck productivity, production rates, copper recovery, increased factory flow. The expected profits that will be generated do not constitute a guarantee of any level of future financial, operational or other results.

These statements are based on a number of assumptions, including, but not limited to: assumptions regarding future commodity prices and the prices we will achieve for our products and that all production is sold at those prices assumed; exchange rate assumptions; assumptions regarding future production and future production improvements associated with RACE21™ and other technology initiatives; assumptions regarding our ability to sell all production; assuming that RACE21™ and other initiatives are implemented and scaled according to current plans; assumptions that future implementation and scale will achieve expected benefits; assumptions regarding general business and economic conditions and the supply and demand for deliveries of our products. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to differ materially.

Factors that could cause actual results to vary materially include, but are not limited to: actual commodity prices and prices we obtain for our products; difficulties or inability to implement or scale technology initiatives; changes in demand for our product; actual production and our ability to sell all production as planned; changes in exchange rates; unforeseen operational and construction difficulties that cause Teck to fail to meet its anticipated sales, production or other targets; changes in our operations, including but not limited to grades, which impact the expected benefits of our initiatives; unforeseen difficulties in realizing or continuing to realize the benefits of our initiatives; and other factors that affect our business generally. The foregoing list of factors is not exhaustive.

We undertake no obligation to update forward-looking statements, except as required by securities laws. Further information regarding the risks and uncertainties associated with these forward-looking statements and our business is available in our Annual Information Form for the year ended December 31, 2021, filed under our profile on SEDAR (www.sedar.com) and at EDGAR (www.sec.gov) under the guise of Form 40-F, as well as subsequent filings which can also be found under our profile.

About Teak
As one of Canada’s leading mining companies, Teck is committed to responsible mining and mining development with significant business units focused on copper, zinc and steelmaking coal, as well as investments in assets energy. High-quality copper, zinc and steelmaking coal are needed for the transition to a low-carbon world. Based in Vancouver, Canada, Teck’s shares trade on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and on the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Teck media contact:
chris stannel
Public Relations Manager
604.699.4368
chris.stannell@teck.com

Teck Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
fraser.phillips@teck.com

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The Home Depot awards 30 HBCUs with Your School’s Campus Enhancement Grants https://topclusters.org/the-home-depot-awards-30-hbcus-with-your-schools-campus-enhancement-grants/ Wed, 27 Apr 2022 12:00:00 +0000 https://topclusters.org/the-home-depot-awards-30-hbcus-with-your-schools-campus-enhancement-grants/ Invest an extra $1 million in its Retool Your School program ATLANTE, April 27, 2022 /PRNewswire/ — Powered by Purpose, The Home Depot® invest another $1 million in grants to support campus improvements at 30 historically black colleges and universities (HBCUs) as part of its 2022 Retool Your School program. In his 13and year, the […]]]>

Invest an extra $1 million in its Retool Your School program

ATLANTE, April 27, 2022 /PRNewswire/ — Powered by Purpose, The Home Depot® invest another $1 million in grants to support campus improvements at 30 historically black colleges and universities (HBCUs) as part of its 2022 Retool Your School program. In his 13and year, the program offers grants ranging from $20,000 for $75,000. Alabama State Universityone of the top performers this season, took home the Campaign of the Year award for her innovative campaign, as well as Group 1 runner-up, winning a total of $95,000.

A Hybrid Retool Your School Winners Ceremony was held on Tuesday, April 26 to celebrate participating schools and the 2022 voting season. The event was hosted by actor and HBCU alumni, Laz Alonso. Additionally, actor, entertainment journalist, model, and HBCU alumnus, Terrence J participated in a fireside chat.

“Since its launch in 2009, The Home Depot’s campus improvement grant program, Retool Your School, has provided support to nearly 70% of HBCUs nationwide through more than 180 grants,” said Derek Bas, Director of Diversity at The Home Depot. “The Home Depot grants have helped HBCUs earn more than $5 million of improvements, including the creation of outdoor eco-classes, the renovation of health facilities, the redesign of university residences, etc.

Participating HBCUs were separated into three groups based on student population. The top ten schools with the most votes per group will receive grants ranging from $20,000 to $75,000. In addition, the Campaign of the Year award of $45,000 was awarded to the school whose campaign proved to be the most original, innovative and particularly effective in galvanizing its community to generate votes for the program.

“Each year, The Home Depot Retool Your School program brings our community together to celebrate their Tougaloo College proud to support campus improvements that make a difference in the lives of our students,” said Dr. Carmen J. WaltersPresident of Tougaloo College2021 winner of the Campaign of the Year and Group 3 award. “The impact of the program is immeasurable.”

Congratulations to the 30 winners of the 2022 Retool Your School program.

Campaign of the year

Group 1

  1. Alabama A&M University
  2. Alabama State University
  3. Jackson State University
  4. Southern University and A&M College
  5. Albany State University
  6. Grambling State University
  7. Winston-Salem State University
  8. Fayetteville State University
  9. Prairie View A&M University
  10. Florida Agricultural and Mechanical University

Group 2

  1. Coahoma Community College
  2. Alcorn State University
  3. Tuskegee University
  4. Benoit College
  5. South Carolina State University
  6. Mississippi Valley State University
  7. University of Arkansas at Pine Bluff
  8. Elizabeth City State University
  9. West Virginia State University
  10. Hampton University

Group 3

  1. Tougaloo College
  2. Texas College
  3. Fisk University
  4. Johnson C. Smith University
  5. Lane College
  6. Southwestern Christian College
  7. Wilberforce University
  8. St. Augustine University
  9. Edward Waters University
  10. rust college

Since 2009, through Retool Your School, Home Depot has invested more than $5.25 million to update, upgrade and elevate HBCU campuses. The company is committed to continuing its commitment, celebrating the legacy and pride of HBCUs. To learn more, visit RetoolYourSchool.com.

ABOUT HOME DEPOT
The Home Depot is the world’s largest home improvement specialty retailer. At the end of fiscal 2021, the company operated a total of 2,317 retail stores in all 50 states, the District of Colombia, Porto Ricothe US Virgin Islands, Guam10 Canadian provinces and Mexico. The company employs approximately 500,000 people. Home Depot shares trade on the New York Stock Exchange (NYSE: HD) and are included in the Dow Jones Industrial Average and Standard & Poor’s 500 Index. Home Depot is #18 on the 2021 Fortune 500.

SOURCE Home Depot

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Atico produces 4.82 million pounds of Cu and 2,636 ounces of Au in the first quarter of 2022 and resumes operations at El Roble https://topclusters.org/atico-produces-4-82-million-pounds-of-cu-and-2636-ounces-of-au-in-the-first-quarter-of-2022-and-resumes-operations-at-el-roble/ Mon, 25 Apr 2022 20:36:23 +0000 https://topclusters.org/atico-produces-4-82-million-pounds-of-cu-and-2636-ounces-of-au-in-the-first-quarter-of-2022-and-resumes-operations-at-el-roble/ Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended March 31, 2022 from its El Roble mine. Production for the quarter totaled 4.82 million pounds of copper and 2,636 ounces of gold in concentrate, an increase of 7% and 24% for copper and […]]]>

Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended March 31, 2022 from its El Roble mine. Production for the quarter totaled 4.82 million pounds of copper and 2,636 ounces of gold in concentrate, an increase of 7% and 24% for copper and gold, respectively, over the same period in 2021.

“At the El Roble mine, we had an exceptional quarter compared to our forecast and to the same period last year. In some areas of the mine, we had much higher copper and gold grades than expected,” said Fernando E. Ganoza, CEO. . “We will continue to build on the operational success of this quarter to make up lost production in April, looking to take advantage of the current high metal price environment. In parallel, considerable emphasis will be placed on drilling near the mine in an effort to find additional resources.”

First Quarter Operational Highlights

  • Production of 4.82 million pounds of copper contained in concentrates; an increase of 7% compared to Q1 2021.
  • Production of 2,636 ounces of gold contained in concentrates; an increase of 24% compared to Q1 2021.
  • Average tonnes handled per day of 826, down 13% from Q1 2021.
  • Copper head grade of 3.55%, a 10% increase over Q1 2021.
  • Gold content of 2.08 grams per ton; an increase of 22% compared to Q1 2021.
  • 91.8% and 59.7% copper and gold recovery; no significant change for copper and a 5% increase for gold compared to Q1 2021

First quarter operational review

Copper and gold production was above the company’s budget for the first quarter, primarily due to higher copper and gold head grades. Copper recoveries decreased slightly compared to the same period last year, while gold recoveries in the quarter improved compared to the Company’s projections. The number of tons processed per day decreased compared to the same period last year, mainly due to the commissioning of recently installed equipment. For the quarter, the operation exceeded budget in almost all metrics.

Corporate update

Following the company update press release announced on April 5 and 2022, the Company is pleased to announce that operations at the El Roble mine resumed on Sunday, April 24 and 2022. All equipment affected by the landslide has been replaced or repaired and the mining circuit is once again operating at full capacity.

First quarter operational details

Q1 2022
Total
Q1 2021
Total
% Switch
Production (Contained in concentrates)
Copper (in thousands of pounds) 4,817 4,503 7 %
Gold (ounces) 2,636 2,134 24 %
Mine
Tonnes of ore extracted 66,396 64 101 4 %
Mill
Tons processed 65,844 68,282 -4 %
Tons processed per day 826 954 -13 %
Copper content (%) 3.55 3.23 ten %
Gold grade (g/t) 2.08 1.71 22 %
Collections
Copper (%) 91.8 92.4 None%
Gold (%) 59.7 56.8 5 %
Concentrates
Copper and gold concentrates (dmt) 10,719 10,365 3 %
Payable copper produced (in thousands of pounds) 4,576 4,278 7 %
Note: Metal production figures are subject to adjustments based on final settlement. The results reported are preliminary in nature and are pending verification by an independent laboratory.

Mine El Roble

The El Roble mine is an underground high-grade copper and gold mine with a nominal processing plant capacity of 1,000 tonnes per day, located in the Choco department of Colombia. Its commercial product is a copper-gold concentrate.

Since gaining control of the mine on November 22, 2013, Atico has improved the operation from a historical design capacity of 400 tonnes per day.

El Roble has proven and probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent as of September 30 and 2020. The mineralization is open at depth and laterally and the Company plans to further test the limits of the deposit.

On the largest body of land, the Company has identified a prospective stratigraphic contact between volcanic rocks and black and gray pelagic sediments and cherts that has been traced by Atico geologists for ten kilometers. This contact was determined to be an important check on the VMS mineralization over which Atico has identified numerous potential target areas for the occurrence of VMS-type mineralization, which is the focus of the current surface drilling program at El Roble.

Qualified person

Mr. Thomas Kelly (registered member PME 1696580), an advisor to the Company and a qualified person under the standards of National Instrument 43-101, is responsible for ensuring that the technical information contained in this press release is an accurate summary of the original reports and data. provided or developed by Atico.

About Atico Mining Corporation
Atico is a growth-oriented company focused on the exploration, development and operation of copper and gold projects in Latin America. The Company generates significant cash flow from the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisitions of late-stage opportunities. For more information, please visit www.aticomining.com .

ON BEHALF OF COUNCIL

Fernando E. Ganoza
CEO
Atico Mining Corporation

Stock Symbols: TSX.V: ATY | OTCQX: ATCMF

Investor Relations
Igor Dutina
Such. : +1.604.633.9022

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

No securities regulatory authority has approved or disapproved of the contents of this press release. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “United States Securities Act”), or any state securities law securities, and may not be offered or sold in the United States, or to, or for the account or benefit of, a “U.S. Person” (as defined in Regulation S of the U.S. Securities Act) except pursuant to an exemption from it. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities of the Company in any jurisdiction.

Caution Regarding Forward-Looking Statements

This announcement includes certain “forward-looking statements” within the meaning of Canadian securities laws. All statements, other than statements of historical fact, included herein, without limiting the use of net proceeds, are forward-looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties relating to the interpretation of drill results and the geology, continuity and grade of mineral deposits; the uncertainty of capital and operating cost estimates; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company’s mining projects; uncertainty regarding the achievement of planned program milestones for the Company’s mining projects; and other risks and uncertainties disclosed under the heading “Risk Factors” in the Company’s prospectus dated March 2, 2012 filed with the Canadian securities authorities on SEDAR at www.sedar.com

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B&G Foods, Inc. (NYSE: BGS) is expected to post earnings of $0.42 per share https://topclusters.org/bg-foods-inc-nyse-bgs-is-expected-to-post-earnings-of-0-42-per-share/ Sun, 24 Apr 2022 00:08:07 +0000 https://topclusters.org/bg-foods-inc-nyse-bgs-is-expected-to-post-earnings-of-0-42-per-share/ Analysts predict that B&G Foods, Inc. (NYSE: BGS – Get Rating) will report earnings per share (EPS) of $0.42 for the current quarter, Zacks reports. Three analysts have made B&G Foods earnings estimates. The lowest EPS estimate is $0.39 and the highest is $0.48. B&G Foods reported earnings of $0.52 per share in the same […]]]>

Analysts predict that B&G Foods, Inc. (NYSE: BGS – Get Rating) will report earnings per share (EPS) of $0.42 for the current quarter, Zacks reports. Three analysts have made B&G Foods earnings estimates. The lowest EPS estimate is $0.39 and the highest is $0.48. B&G Foods reported earnings of $0.52 per share in the same quarter last year, which would indicate a negative 19.2% year-over-year growth rate. The company is expected to announce its next quarterly results on Monday, January 1.

According to Zacks, analysts expect B&G Foods to report annual earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.83. For next year, analysts expect the company to post earnings of $1.92 per share, with EPS estimates ranging from $1.88 to $1.99. Zacks earnings per share averages are an average average based on a survey of research companies that track B&G Foods.

B&G Foods (NYSE: BGS – Get Rating) last reported results on Tuesday, March 1. The company reported earnings per share (EPS) of $0.39 for the quarter, missing the consensus estimate of $0.42 per ($0.03). The company posted revenue of $571.80 million for the quarter, versus a consensus estimate of $591.15 million. B&G Foods achieved a net margin of 3.28% and a return on equity of 14.41%. The company’s revenue for the quarter increased by 12.1% compared to the same quarter last year. During the same period last year, the company posted EPS of $0.35.

BGS has been the subject of several recent analyst reports. Zacks Investment Research downgraded B&G Foods from a “hold” rating to a “strong sell” rating and set a target price of $27.00 for the stock. in a research note on Tuesday, January 4. StockNews.com launched coverage on B&G Foods in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Credit Suisse Group cut its price target on B&G Foods from $27.00 to $26.00 and placed an “underperform” rating on the stock in a Wednesday, March 2 research note. Finally, BMO Capital Markets reduced its price target on B&G Foods from $36.00 to $32.00 in a Wednesday, March 2 research note.

Several institutional investors have recently changed their positions in BGS. Norges Bank bought a new stock position in B&G Foods in Q4 for a value of approximately $15,603,000. BlackRock Inc. increased its stake in B&G Foods by 4.7% in the fourth quarter. BlackRock Inc. now owns 10,317,976 shares of the company valued at $317,073,000 after acquiring an additional 460,798 shares during the period. Morgan Stanley increased its stake in B&G Foods by 36.7% in the second quarter. Morgan Stanley now owns 1,384,406 shares of the company valued at $45,409,000 after acquiring an additional 371,512 shares during the period. State Street Corp increased its stake in B&G Foods by 8.9% in the fourth quarter. State Street Corp now owns 3,224,559 shares of the company valued at $100,569,000 after acquiring an additional 262,182 shares during the period. Finally, Balyasny Asset Management LLC bought a new position in B&G Foods during Q3 worth $5,142,000. Hedge funds and other institutional investors own 66.50% of the company’s shares.

BGS lost $0.29 on Friday, hitting $28.69. 776,273 shares of the company were traded, compared to its average volume of 1,066,095. The company’s 50-day simple moving average is $28.23 and its 200-day simple moving average is 30.05 $. The company has a market capitalization of $1.98 billion, a price-earnings ratio of 27.59 and a beta of 0.33. B&G Foods has a one-year low of $25.09 and a one-year high of $36.52. The company has a current ratio of 3.42, a quick ratio of 0.92 and a debt ratio of 2.46.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 2. Shareholders of record on Thursday, March 31 will receive a dividend of $0.475. This represents a dividend of $1.90 on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Wednesday, March 30. B&G Foods’ dividend payout ratio (DPR) is 182.69%.

B&G Foods Company Profile (Get an evaluation)

B&G Foods, Inc manufactures, sells and distributes a portfolio of shelf stable and frozen foods, as well as household products in the United States, Canada and Puerto Rico. The Company’s products include frozen and canned vegetables, vegetables, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruits, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrups, molasses, salad dressings, pizza crusts, Mexican sauces, dry soups , taco shells and kits, salsas, pickles, peppers, tomato products, baking powder and baking soda, corn starch, cookies and crackers, nut clusters, and other specialty products.

Read more

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Earnings history and estimates for B&G Foods (NYSE: BGS)



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Follow crypto news from around the world https://topclusters.org/follow-crypto-news-from-around-the-world/ Fri, 22 Apr 2022 11:07:55 +0000 https://topclusters.org/follow-crypto-news-from-around-the-world/ This week’s top 5 stories curated to catch up with the crypto world. In this article, we’ve put together a list of the top 5 crypto stories of this week that will help you stay in tune with the crypto ecosystem. Burning BNB tokens BNB is the token that powers the Binance Smart Chain […]]]>

This week’s top 5 stories curated to catch up with the crypto world.

In this article, we’ve put together a list of the top 5 crypto stories of this week that will help you stay in tune with the crypto ecosystem.


Burning BNB tokens

BNB is the token that powers the Binance Smart Chain (BSC) blockchain. BNB tokens are also mandated to participate in the on-chain governance of BSC. Based on community feedback, Binance implemented a new BNB autoburn procedure last year to create a healthy BSC ecosystem. Prior to this update, Binance had two BNB burning mechanisms. First, part of the fees spent on BSC are burned in real time. Second, Binance is planning a quarterly BNB burn.

Starting December 2021, Binance replaced quarterly burning with an automatic BNB burning plan to provide more predictability to the BNB ecosystem. As a result, Binance burned over 1.8 million BNB tokens in the first quarter of 2022. Given the deflationary nature of the burn mechanism, market participants expect scarcity to occur, thereby increasing the BNB price in the future.


Funds galore for crypto

Crypto gaming is seen by many as the next major growth game for blockchain in 2022. Crypto-based Framework Ventures has raised $400 million in funding to invest in early-stage companies focused on gaming, Web 3.0, and gaming. decentralized finance (Defi). The fund includes a $200 million allocation to on-chain gaming projects. The move appears to have sprung from the meteoric rise of popular game-to-win Axie Infinity, which currently has over 2.8 million unique addresses.

Popular crypto platform Kucoin has announced the launch of a $100 million fund to support early-stage non-fungible token (NFT) projects. The fund would aim to complement the new Kucoin Windvane NFT market. To create initial traction for creators, Kucoin seeks to utilize exchange traffic and community support. Windvane supports most popular NFT blockchains including Ethereum, BSC, and Flow.


Buy Porsche with BTC

Porsche Towson, a dealership in the United States, would accept bitcoins and other crypto assets for the purchase of vehicles. Crypto payment company BitPay has enabled Porsche Towson to accept crypto assets as payment through their API services. BitPay also has the ability to protect businesses from BTC price volatility by ensuring that the merchant receives the full corresponding dollar amount at the time of purchase. Bitpay has added support for the Lightning Network, allowing merchants to receive cheaper and faster payments over the Layer 2 protocol.


Australia approves launch of ETF

Crypto firm 21Shares has partnered with leading exchange-traded fund (ETF) provider ETF Securities to launch Australia’s first spot Bitcoin ETF. The 21Shares Bitcoin ETF (EBTC) is expected to go live on the Cboe trading platform this month. The 21Shares product joins a similar fund from Cosmos Asset Management which will begin trading on the same day.

The Cosmos product will become the first bitcoin ETF to receive launch approval in Australia. However, the 21Shares fund will be the primary channel for direct investment in the underlying asset. The Cosmos Bitcoin ETF will gain exposure to Bitcoin by investing in the Canada-based Purpose Bitcoin ETF, the first spot BTC ETF in North America that was launched early last year.

Use promo code TNM51 at www.giottus.com/profile#promo after registration to get Rs.51 worth of Bitcoin free

Warning: This article was written by Giottos Crypto Exchange in a paid partnership with The News Minute. Investments in crypto-assets or cryptocurrency are subject to market risks such as volatility and have no guaranteed return. Please do your own research before investing and seek independent legal/financial advice if you are unsure about investments.

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Brokers expect Nutanix, Inc. (NASDAQ:NTNX) to post quarterly sales of $398.30 million https://topclusters.org/brokers-expect-nutanix-inc-nasdaqntnx-to-post-quarterly-sales-of-398-30-million/ Sun, 17 Apr 2022 21:40:12 +0000 https://topclusters.org/brokers-expect-nutanix-inc-nasdaqntnx-to-post-quarterly-sales-of-398-30-million/ Wall Street analysts expect Nutanix, Inc. (NASDAQ:NTNX – Get Rating) to report sales of $398.30 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts provided earnings estimates for Nutanix, with estimates ranging from $397.00 million to $400.60 million. Nutanix recorded sales of $344.51 million in the same quarter last year, suggesting […]]]>

Wall Street analysts expect Nutanix, Inc. (NASDAQ:NTNX – Get Rating) to report sales of $398.30 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts provided earnings estimates for Nutanix, with estimates ranging from $397.00 million to $400.60 million. Nutanix recorded sales of $344.51 million in the same quarter last year, suggesting a positive year-over-year growth rate of 15.6%. The company is expected to release its next results on Monday, January 1.

According to Zacks, analysts expect Nutanix to report annual revenue of $1.63 billion for the current fiscal year. For the next fiscal year, analysts expect the company to post sales of $1.94 billion, with estimates ranging from $1.88 billion to $1.99 billion. Zacks sales calculations are an average average based on a survey of sell-side research analysts who provide coverage for Nutanix.

Nutanix (NASDAQ:NTNX – Get Rating) last released its results on Wednesday, March 2. The technology company reported ($0.03) earnings per share for the quarter, beating analyst consensus estimates of ($0.17) by $0.14. The company posted revenue of $413.08 million for the quarter, versus analyst estimates of $406.75 million. During the same period last year, the company made ($0.79) earnings per share. The company’s quarterly revenue increased by 19.3% compared to the same quarter last year.

A number of research analysts have commented on the headline. KeyCorp assumed coverage for Nutanix shares in a Tuesday, Jan. 18, research note. They set an “overweight” rating and a price target of $39.00 for the company. StockNews.com began covering Nutanix shares in a research note on Thursday, March 31. They set a “holding” rating for the company. Wells Fargo & Company cut its price target on Nutanix stock from $40.00 to $35.00 and set an “equal weight” rating for the company in a Thursday, March 3 research note. Morgan Stanley cut its price target on Nutanix shares from $32.00 to $31.00 and set an “equal weight” rating for the company in a Tuesday, April 12 research note. Finally, Needham & Company LLC reduced its price target on Nutanix shares from $71.00 to $34.00 and set a “buy” rating for the company in a Thursday, March 3 research note. Five investment analysts gave the stock a hold rating and ten gave the company a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $42.18.

NTNX was down $1.06 in Friday’s midday session, hitting $26.01. 1,229,483 shares of the company were traded, against an average volume of 1,605,979. The company has a market capitalization of $5.74 billion, a price-earnings ratio of -5.46 and a beta of 1, 55. Nutanix has a one-year minimum of $21.99 and a one-year maximum of $44.50. The company has a 50-day simple moving average of $25.93 and a two-hundred-day simple moving average of $30.31.

In other Nutanix news, insider Tyler Wall sold 4,563 shares of the company in a trade on Wednesday, March 16. The shares were sold at an average price of $23.78, for a total transaction of $108,508.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Chief Financial Officer Duston Williams sold 11,594 shares of the company in a trade on Wednesday, March 16. The shares were sold at an average price of $23.78, for a total transaction of $275,705.32. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 82,652 shares of the company worth $1,970,165. Insiders of the company hold 0.92% of the shares of the company.

Several institutional investors and hedge funds have recently increased or reduced their stake in NTNX. CWM LLC bought a new position in Nutanix during Q4 for a value of approximately $32,000. Carroll Investors Inc bought a new position in Nutanix during Q4 worth around $42,000. O Shaughnessy Asset Management LLC increased its stake in Nutanix by 26.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,537 shares of the technology company worth $58,000 after buying 321 additional shares in the last quarter. Loomis Sayles & Co. LP bought a new position in Nutanix during Q4 for a value of approximately $59,000. Finally, Koshinski Asset Management Inc. increased its stake in Nutanix by 23.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,902 shares of the technology company worth $92,000 after buying an additional 560 shares last quarter. Institutional investors and hedge funds own 74.27% of the company’s shares.

About Nutanix (Get an evaluation)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, Asia-Pacific, the Middle East, Latin America and Africa. The company offers Acropolis converged virtualization, enterprise storage services, and network visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify provisioning, operations, and lifecycle management of cloud-native environments; and the Nutanix Clusters solution.

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