Latest News for Oragin Foods Stock (OTC:OGGFF)

Oragin Foods Inc is a Canadian multi-pronged food company, that owns and operates canada's natural and organic food retailers, where new and innovativefood and beverage brands are developed, acquired, grown and commercialized through a Consumer-Packaged Goods (CPG) Division.

Oragin Foods Inc

Biotech

News

General

ASND

MHRA Approves YORVIPATH In Great Britain For Adults With Chronic Hypoparathyroidism

Contracts

CDTG

CDT Environmental Technology Investment Holdings Limited Announces New Wastewater Treatment Services Contract Valued At Approximately $11.7M

AEYE: 21% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38401013">AudioEye shares are trading higher after the company reported better-than-expected Q1 financial results.</a>
AMST: 75% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38400748">Amesite shares are trading higher after the company announced the Beta release of its NurseMagic app.</a>
BOF: 100% &#x7C;&nbsp;<a href="https://www.benzinga.com//node/38401732">BranchOut Food Expends Third Contract With Nation&#39;s Largest Retailer, To Total $8M in Annualized Revenue</a>

Movers

Trading Ideas

AEYE

AMST

Market-Moving News for April 24th

Macro Economic Events

Econ #s

Economics

USA Durables Excluding Defense (MoM) For March 2.3% Vs 1.5% Prior

USA Durable Goods Orders (MoM) For March 2.6% Vs 2.5% Est.; 0.7% Prior

US Core Durable Goods Orders (MoM) (Mar) +0.2% vs +0.3% Est.

BMO Capital analyst Rufus Hone maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Outperform and raises the price target from $163 to $168.

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on Fiserv, Raises Price Target to $168

Legal

GOOG

GOOGL

German Email Service Tuta Mail Files Google Complaint Under EU Tech Rules

On April 23, 2024 (the "Signing Date"), Masonite International Corporation, a British Columbia corporation ("Masonite" or the "Company"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") providing for the disposition (the "Disposition") of the Company's Architectural reporting segment (the "Architectural Business") for a total transaction value of approximately $75 million subject to customary post-closing adjustments. The Disposition is expected to be completed in the second quarter of 2024.

Asset Sales

DOOR

Masonite Sells Architectural Reporting Segment For $75M

Hasbro Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) shares are trading higher after the company reported a first-quarter FY24 sales decline of 24.4% year-on-year to $757.30 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38398974/hasbro-reports-first-quarter-2024-financial-results" rel="noreferrer noopener">beating the consensus estimate of $738.61 million</a>.
The revenue decline was driven primarily by the eOne film and television divestiture; excluding the divestiture, revenue declined by 9%.
Segment Revenue:&nbsp;Consumer Products declined 21%, Wizards of the Coast and Digital Gaming increased 7%. Entertainment segment revenues plunged 85%, impacted by the sale of eOne Film and TV in December 2023.
Selling, distribution, and administration costs fell 25.9%. The operating margin expanded Y/Y from 1.8% to 15.3%, and operating income for the quarter was $116.2 million compared to $17.9 million last year.
The company held $570.2 million in cash and equivalents as of March-end. The operating cash flow totaled $177.8 million.
Adjusted EBITDA for the quarter rose 75% to $172.8 million. Adjusted EPS of $0.61 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the analyst consensus of $0.27.</a>
&#8220;Performance from our licensing portfolio shows the strength of our brands and we continue to fuel innovation in games and toys as we expand our reach across play patterns to fans of all ages,&#8221; said CEO Chris Cocks.
The company&#8217;s next dividend will be payable on May&nbsp;15,&nbsp;to shareholders of record at the close of business on May 1, 2024.
Outlook,&nbsp;maintained: Hasbro&nbsp;continues to expect&nbsp;FY24 Consumer Products Segment revenue to be down 7% to 12%.
The company sees FY24 adjusted EBITDA of $925 million &#8211; $1 billion. Hasbro targets gross savings of $750 million by 2025 end.
Price Action: HAS shares are trading higher by 7.98% at $62.78 in premarket at the last check Wednesday.
Photo via Wikimedia Commons

Earnings

Equities

Guidance

Why Toy Maker Hasbro's Shares Are Shooting Higher Today

General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) reported better-than-expected earnings for its fiscal first quarter on Tuesday.
The company posted quarterly sales growth of 7.6% year-on-year to $43.01 billion, beating the analyst consensus estimate of $41.88 billion. Adjusted EPS of $2.62 beat the consensus estimate of $2.14, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
GM&#8217;s market share reached 8.1% for the quarter, compared to 8.7% a year ago. In the U.S., the share changed to 15.4%, down from 16.4%. Its share in China reached 7.9%, down from 9.1% a year earlier.
Adjusted EBIT for the quarter improved by 1.8% to $3.87 billion, with an adjusted EBIT margin of 9.0%, down by 50 bps. Net income margin was 6.9% versus 6.0% a year ago.
General Motors projects adjusted EPS of $9.00 – $10.00 (prior $8.50 – $9.50) versus consensus of $9.08. The company projects adjusted automotive free cash flow of $8.5 billion—$10.5 billion (prior $8.0 billion—$10.0 billion) and reiterated capital spending of $10.5 billion—$11.5 billion.
General Motors shares gained 4.4% to close at $45.10 on Tuesday.
These analysts made changes to their price targets on General Motors following earnings announcement.
<ul>
<li>Mizuho raised the price target on General Motors from $48 to $52. Mizuho analyst Vijay Rakesh maintained a Buy rating.</li>
<li>Wedbush boosted the price target on General Motors from $45 to $55. Wedbush analyst Daniel Ives maintained an Outperform rating.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38396543/meta-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-streets-mos">Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>

Markets

General Motors Analysts Raise Their Forecasts After Better-Than-Expected Earnings

WIIM

MANH

Manhattan Associates shares are trading lower. The company reported Q1 financial results.

DA Davidson analyst Linda Bolton Weiser maintains Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) with a Buy and raises the price target from $26 to $27.

DA Davidson Maintains Buy on Mattel, Raises Price Target to $27

Teledyne Technologies shares are trading lower after the company reported worse-than-expected Q1 financial results, issued Q2 adjusted EPS guidance below estimates and cut FY24 adjusted EPS guidance below estimates.

Wedbush analyst Seth Basham maintains Etsy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) with a Neutral and lowers the price target from $80 to $70.

ETSY

Wedbush Maintains Neutral on Etsy, Lowers Price Target to $70

Blue Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFY#NASDAQ">BLFY</a>) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.21) by 38.1 percent. The company reported quarterly sales of $9.868 million which beat the analyst consensus estimate of $9.168 million by 7.63 percent. This is a 20.58 percent decrease over sales of $12.425 million the same period last year.

Earnings Beats

BLFY

Blue Foundry Q1 2024 GAAP EPS $(0.13) Beats $(0.21) Estimate, Sales $9.868M Beat $9.168M Estimate

Wedbush analyst Daniel Ives maintains Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Outperform and lowers the price target from $300 to $275.

TSLA

Wedbush Maintains Outperform on Tesla, Lowers Price Target to $275

AUBN

Auburn National Bancorporation Q1 2024 EPS $0.39 Down From $0.56 YoY; Revenue $7.544M Down From $7.901M YoY

Amphenol shares are trading higher after the company reported better-than-expected Q1 financial results, issued guidance and announced a new stock repurchase program.

Northann Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCL#NYSE">NCL</a>), a leading innovator in 3D-printed home improvement solutions, is pleased to announce the signing of a strategic relationship with Golden Gate&nbsp; BCE B.V., a subsidiary of &nbsp;Rexil Group of Companies Netherlands, a prominent distributor in the Netherlands. This collaboration aims to enhance the presence of sustainable technology and products throughout Rexil Group of Companies Netherlands and its subsidiaries distribution channels. &nbsp;
Under this agreement, Rexil Group of Companies Netherlands will promote Northann Corp's environmentally friendly products, Blue11 and SuperOak, to its extensive network of customers in the Netherlands. This partnership aligns with Northann Corp's commitment to sustainability and innovation, furthering its mission to transform spaces through cutting-edge solutions.
"We are thrilled to partner with Rexil Group of Companies Netherlands to bring our sustainable technology and products to a wider audience in the Netherlands," said Lin Li, CEO and President of Northann Corp. "This collaboration underscores our dedication to environmental stewardship and showcases our commitment to providing innovative solutions to our customers."
Northann Corp's partnership with Rexil Group of Companies Netherlands represents a significant step forward for the Company in its efforts to expand its global presence and promote sustainable practices within the industry. Both companies share a common vision for driving positive change through innovation and sustainability, making this a synergistic collaboration for both parties.

Global

Nuveen Insured California Premium Fund Ii

Northann Corp Enters Strategic Relationship With Rexil Group Of Companies Netherlands To Promote Sustainable Technology And Products

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