FlexShares ESG & Climate US Large Cap Core Index Fund (ARCA: FEUS)

Latest News for FlexShares ESG & Climate US Large Cap Core Index Fund (ARCA:FEUS)

FlexShares ESG & Climate US Large Cap Core Index Fund

Stephens &amp; Co. analyst Scott Fidel reiterates Ensign Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>) with a Overweight and maintains $135 price target.

News

Price Target

Reiteration

Analyst Ratings

ENSG

Stephens & Co. Reiterates Overweight on Ensign Group, Maintains $135 Price Target

Barclays analyst Jared Shaw maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Overweight and lowers the price target from $91 to $86.

Barclays Maintains Overweight on Western Alliance, Lowers Price Target to $86

Stephens &amp; Co. analyst Jacob Johnson reiterates MaxCyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXCT#NASDAQ">MXCT</a>) with a Overweight and maintains $11 price target.

MXCT

Stephens & Co. Reiterates Overweight on MaxCyte, Maintains $11 Price Target

Roth MKM analyst Scott Stember reiterates LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) with a Buy and maintains $65 price target.

Roth MKM Reiterates Buy on LKQ, Maintains $65 Price Target

Options

Markets

CVNA

Carvana Option Alert: May 17 $95 Calls Sweep (33) near the Ask: 611 @ $2.421 vs 1520 OI; Ref=$75.0999

Barclays analyst Mathieu Robilliard maintains Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) with a Equal-Weight and lowers the price target from $13.5 to $13.

Barclays Maintains Equal-Weight on Telefonica Brasil, Lowers Price Target to $13

Stephens &amp; Co. analyst Andrew Terrell reiterates WaFd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFD#NASDAQ">WAFD</a>) with a Equal-Weight and maintains $32 price target.

WAFD

Stephens & Co. Reiterates Equal-Weight on WaFd, Maintains $32 Price Target

Xerox Holdings Corp&nbsp;(NASDAQ:&nbsp;XRX) reported a fiscal first-quarter 2024 sales decline of 12.4% year-on-year to $1.50 billion, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38374283/xerox-releases-first-quarter-results" rel="noreferrer noopener">consensus of $1.53 billion</a>.&nbsp;
Revenues declined 13.2% at constant currency. Adjusted EPS of $0.06 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst&nbsp;consensus of $0.35</a>.&nbsp;The stock price&nbsp;declined&nbsp;after the print.
Equipment sales decreased by 25.8%, while post-sale revenue declined by 8.5%.&nbsp;
Gross margin declined 480 basis points Y/Y to 29.5%. The equipment margin&nbsp;fell by 550 bps to 31.0%.&nbsp;The post-sale&nbsp;margin decreased by 460 bps to 29.1%.
The company reported an adjusted operating income of $33 million, compared to $118 million last year, and the margin declined 470 basis points to 2.2%.
Xerox held $685 million in cash and equivalents as of March 31, 2024. Operating cash flow for the quarter totaled $(79) million, with a free cash flow of $(89) million.
&#8220;We implemented comprehensive and strategic operating model changes to align our organization more closely with our buyers&#8217; needs and improve efficiency,&#8221; said Steve Bandrowczak, CEO at Xerox.&nbsp;
FY24 Outlook: The company&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36780814/xeroxs-challenging-q4-stock-drops-on-earnings-dip-ceo-emphasizes-on-simplifying-business-structure" rel="noreferrer noopener">reiterated revenue of</a>&nbsp;$6.54 billion&nbsp;– $6.68 billion vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $6.71 billion</a>.&nbsp;The company projected a&nbsp;free cash flow guidance of at least $600 million.
Xerox maintained an adjusted operating margin outlook of at least 7.5%.
Xerox stock gained 21% in the last 12 months.&nbsp;
Investors can gain exposure to the stock via&nbsp;ProShares Trust ProShares Metaverse ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VERS#NYSE">VERS</a>) and&nbsp;Direxion Work From Home ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFH#NYSE">WFH</a>).
Price Action: XRX shares are trading lower by 10.8% at $14.65 at the last check Tuesday.
Photo via Wikimedia Commons

Earnings

Guidance

Movers

Tech

VERS

Xerox Loses Steam In Q1, Stock Dips

TSLA

Tesla To Terminate 2,688 Employees In Its Texas Factory

Barclays analyst Brendan Lynch maintains Rexford Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>) with a Underweight and raises the price target from $45 to $46.

REXR

Barclays Maintains Underweight on Rexford Industrial Realty, Raises Price Target to $46

Stephens &amp; Co. analyst Terry McEvoy reiterates Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) with a Overweight and maintains $43 price target.

Stephens & Co. Reiterates Overweight on Truist Finl, Maintains $43 Price Target

Roth MKM analyst Craig Irwin maintains Beam Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEEM#NASDAQ">BEEM</a>) with a Buy and maintains $9 price target.

BEEM

Roth MKM Maintains Buy on Beam Glb, Maintains $9 Price Target

Herc Holdings Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) shares are trading higher after the company reported first-quarter FY24 sales growth of 9% year-on-year to $804 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38374277/herc-holdings-reports-strong-first-quarter-2024-results-and-affirms-2024-full-year-guidance" rel="noreferrer noopener">beating the analyst consensus estimate of $782.85 million.</a>
The revenue climb was due to an increase in equipment rental revenue of $65 million, reflecting positive pricing of 5.1% and increased volume of 8.0%.
Total expenses for the quarter increased 8.7% to $723 million. Adjusted EBITDA increased 10%, with the adjusted EBITDA margin expanding to 42.2%.
Adjusted EPS of $2.36 beat the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate of $2.15.</a>
Herc held $63 million in cash and equivalents as of March-end, with a total fleet of approximately $6.4 billion at OEC. Operating cash flow for the quarter totaled $240 million, and the free cash flow was $92 million.
&#8220;We are off to a strong start in 2024, achieving record first-quarter revenue and adjusted EBITDA margin as we continue to capitalize on key growth markets, like&nbsp;semiconductor, data centers, renewables&nbsp;and&nbsp;public infrastructure, while also investing in our network scale through greenfields and acquisitions, and elevating our higher-return specialty product lines,&#8221; said President and CEO Larry Silber.
Outlook Reaffirmed: Herc affirmed its annual performance targets, excluding Cinelease, of 7-10% year-over-year equipment rental revenue growth and adjusted EBITDA of $1.55 billion to $1.60 billion for 2024.
Price Action: HRI shares are&nbsp;trading higher by 3.27% at $153.26 on&nbsp;the last check Tuesday.

Equities

General

Why Equipment Rental Firm Herc's Shares Are Surging Today

Barclays analyst Lauren Lieberman maintains Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) with a Overweight and raises the price target from $168 to $170.

Barclays Maintains Overweight on Procter & Gamble, Raises Price Target to $170

WIIM

Simpson Manufacturing shares are trading lower following worse-than-expected Q1 financial results.

Shares of homebuilder stocks are trading higher following strong earnings from PulteGroup and better-than-expected new home sales data.

Barclays analyst Tim Long maintains Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) with a Equal-Weight and raises the price target from $111 to $112.

Barclays Maintains Equal-Weight on Crown Castle, Raises Price Target to $112

Stephens &amp; Co. analyst Matt Olney reiterates SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) with a Overweight and maintains $26 price target.

SMBK

Stephens & Co. Reiterates Overweight on SmartFinancial, Maintains $26 Price Target

Barclays analyst Jared Shaw maintains Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) with a Underweight and lowers the price target from $51 to $50.