Sims Stock (OTC:SMSMY), Trade Ideas

Sims

Sims Ltd was created from the 2008 merger of two metal-recycling companies: Australia's Sims Group and America's Metal Management. The company is publicly traded metal and electronics recycler, with roughly half of its revenue generated in North America and the balance split between Australasia and Europe. The company buys, processes and sells ferrous and non-ferrous discarded metals. The company's segment includes North America Metal, Australia/New Zealand Metal, Global Trading, Investment in SA Recycling, UK metal, and Sims Lifecycle Services. The company generates the majority revenue from North America Metal segment.

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ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

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Smaller Gizmos Mean Bigger Headaches For E-Recyclers

Sims Ltd

Earnings

Earnings Beats

Earnings Misses

NEUE

NeueHealth Q1 2024 GAAP EPS $(2.31) Beats $(3.50) Estimate, Sales $245.095M Miss $248.509M Estimate

2024 Financial&nbsp;Outlook
Commenting on the&nbsp;outlook, Enlight Chief Financial Officer Nir Yehuda noted, &quot;The Company exhibited robust financial performance during the&nbsp;first quarter. We are therefore pleased to reaffirm our Revenue and Adjusted EBITDA&nbsp;guidance&nbsp;for 2024.&quot; Details of the 2024&nbsp;outlook&nbsp;include:
<ul>
<li>Revenue between&nbsp;$335m&nbsp;and&nbsp;$360m</li>
<li>Adjusted EBITDA1&nbsp;between&nbsp;$235m&nbsp;and&nbsp;$255m</li>
<li>90%&nbsp;of 2024&#39;s expected generation output will be sold at fixed prices either through hedges or PPAs.</li>
</ul>

Guidance

ENLT

Enlight Renewable Energy Reiterated FY24 Revenue of $335M-$360M Vs $347.31M Est

International Game Technology Announced That Its Subsidiary, IGT Global Solutions Corporation, Inked A Five-year Contract With The Atlantic Lottery Corporation To Implement High-Performing Features And Exciting New Games For Players In Atlantic Canada

Needham analyst Ryan MacDonald reiterates Nerdy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRDY#NYSE">NRDY</a>) with a Buy and maintains $4 price target.

Price Target

Reiteration

Analyst Ratings

NRDY

Needham Reiterates Buy on Nerdy, Maintains $4 Price Target

Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.15 by 33.33 percent. This is a 47.37 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $106.672 million which beat the analyst consensus estimate of $101.967 million by 4.61 percent. This is a 27.84 percent decrease over sales of $147.819 million the same period last year.

Target Hospitality Q1 2024 GAAP EPS $0.20 Beats $0.15 Estimate, Sales $106.672M Beat $101.967M Estimate

INSW

International Seaways Q1 2024 GAAP EPS $2.92 Beats $2.29 Estimate, Shipping Revenues $274.400 Miss $249.097M Estimate

Telefonica S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEF#NYSE">TEF</a>) announced that O2 Telefónica <a href="https://www.telefonica.de/news/press-releases-telefonica-germany/2024/05/first-5g-core-network-in-the-cloud-for-an-existing-operator-o2-telefonica-sets-new-impulses-in-the-core-network-together-with-nokia-and-aws.html">launched </a>a new 5G core network built entirely in the cloud, using technologies from European network equipment provider Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) and from Amazon.com Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services (AWS).
The 5G Cloud Core will&nbsp;be designed&nbsp;for a capacity of up to 1 million customers in the first phase.
Selected O2 Telefónica customers will benefit from the advantages of the cloud, which include, among other things, higher availability and reliability&nbsp;as well as&nbsp;faster software updates.
O2 Telefónica is the first telecommunications provider with an existing network to operate its core network on AWS.
This initiative underscores Amazon&#8217;s ambitious foray into global telecommunications, according to a report from Reuters.
While several telecom networks have migrated peripheral operations to public clouds, Telefonica&#8217;s move sets a new precedent as the first existing mobile operator to transition its core network to a public cloud, signaling a shift in industry norms.
The report noted that major cloud-computing giants like Amazon and&nbsp;Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) have long sought entry into the telecom sector, eyeing substantial revenue opportunities.&nbsp;
However, skepticism among operators regarding the efficacy of public clouds in managing mobile networks has been a barrier.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38667074/amazon-storms-into-south-africa-makes-waves-with-local-and-international-brands" rel="noreferrer noopener">Amazon Storms Into South Africa: Makes Waves With Local And International Brands</a>
Mallik Rao, Chief Technology &amp; Information Officer at O2 Telefonica, articulated a forward-looking strategy, expressing a desire to assess the cloud&#8217;s performance over several quarters and&nbsp;aiming&nbsp;to migrate a significant portion of the customer base by 2025-2026.
Transitioning the core network to a public cloud is expected to streamline operations, reduce costs, enhance scalability, and facilitate seamless repairs without service disruptions,&nbsp;thereby&nbsp;bolstering efficiency and reliability.
U.S.-based Dish notably adopted AWS cloud for its core network in 2021, a move facilitated by its greenfield approach, in contrast to existing operators with established systems, the report mentioned.
The telecom cloud market, poised for exponential growth, is projected to surge to $108.7 billion by 2030, presenting lucrative opportunities for industry players like Amazon.
Amazon stock has gained more than 78% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Consumer&nbsp;Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) and&nbsp;Vanguard Consumer Discretionary ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>).
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38660100/amazon-to-invest-9b-in-singapore-cloud-infrastructure-doubling-its-current-investment" rel="noreferrer noopener">Amazon To Invest $9B In Singapore Cloud Infrastructure, Doubling Its Current&nbsp;Investment</a>
Price Action: AMZN shares closed higher by 0.03% at $188.76 on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Sundry Photography via Shutterstock

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Amazon, Telefonica's Bold Venture To Transform Telecommunications - What's On The Cards?

AULT

Ault Alliance Announced Today That Its Wholly Owned Subsidiary, Sentinum, Received 1,000 Bitcoin Miners From Its Michigan Facility At One Of Its Two Montana Bitcoin Mining Sites

<ul>
<li>Study met primary safety endpoint; administration was well tolerated, with no serious adverse events observed</li>
<li>Early and clinically meaningful improvement from baseline in mean CAPS-5 total score (29.5 point reduction at week 12), with change from baseline in mean SDS total score (14.4 point reduction at week 12)</li>
<li>81.8% response (reduction of &ge; 15 points in CAPS-5 score), 63.6% remission (total CAPS-5 &le; 20) rates at week 4 with 77.3% response and 54.5% remission at week 12</li>
<li>Measures of symptom scores relative to baseline improved following a single 25mg dose administered with psychological support (n=22)</li>
</ul>

Biotech

Health Care

CMPS

Compass Pathways Announced Topline Results From An Open-label Phase 2 Study Of COMP360 Psilocybin Treatment For Post-Traumatic Stress Disorder, The Study Met Its Primary Safety Endpoint And Available Secondary Efficacy Endpoints

WIIM

TBLA

Taboola.Com shares are trading higher after the company reported better-than-expected Q1 revenue, issued Q2 guidance and reiterated FY24 outlook.

Needham analyst Mike Matson reiterates Masimo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASI#NASDAQ">MASI</a>) with a Hold.

MASI

Needham Reiterates Hold on Masimo

Outlook
The&nbsp;outlook&nbsp;information below includes forward-looking non-GAAP financial measures, which management uses in forecasting performance. The adjusted numbers in the company&#39;s&nbsp;outlook&nbsp;below exclude the net surplus or deficit generated from reimbursable revenue from franchised and managed properties, due diligence and transition costs, additional repurchases of company stock, and other items:
<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Full-Year 2024
</td>
<td colspan="1" rowspan="1">
Prior&nbsp;Outlook
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net Income
</td>
<td colspan="1" rowspan="1">
$260&nbsp;&ndash;&nbsp;$274 million
</td>
<td colspan="1" rowspan="1">
$260&nbsp;&ndash;&nbsp;$274 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted Net Income
</td>
<td colspan="1" rowspan="1">
$306&nbsp;&ndash;&nbsp;$320 million
</td>
<td colspan="1" rowspan="1">
$316&nbsp;&ndash;&nbsp;$331 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted EBITDA
</td>
<td colspan="1" rowspan="1">
$580&nbsp;&ndash;&nbsp;$600 million
</td>
<td colspan="1" rowspan="1">
$580&nbsp;&ndash;&nbsp;$600 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Diluted EPS
</td>
<td colspan="1" rowspan="1">
$5.35&nbsp;&ndash;&nbsp;$5.65
</td>
<td colspan="1" rowspan="1">
$5.19&nbsp;&ndash;&nbsp;$5.49
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted Diluted EPS
</td>
<td colspan="1" rowspan="1">
$6.30&nbsp;&ndash;&nbsp;$6.60
</td>
<td colspan="1" rowspan="1">
$6.30&nbsp;&ndash;&nbsp;$6.60
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Effective Income Tax Rate
</td>
<td colspan="1" rowspan="1">
24.5&nbsp;%
</td>
<td colspan="1" rowspan="1">
24.5&nbsp;%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="2">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Full-Year 2024
</td>
<td colspan="1" rowspan="2">
Prior&nbsp;Outlook
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
vs. Full-Year 2023
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Domestic RevPAR Growth
</td>
<td colspan="1" rowspan="1">
Flat to&nbsp;2%
</td>
<td colspan="1" rowspan="1">
Flat to&nbsp;2%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Domestic Effective Royalty Rate Growth
</td>
<td colspan="1" rowspan="1">
Mid-single digits
</td>
<td colspan="1" rowspan="1">
Mid-single digits
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Domestic Net Unit Growth
</td>
<td colspan="1" rowspan="1">
Approximately&nbsp;2%
</td>
<td colspan="1" rowspan="1">
Approximately&nbsp;2%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(upscale, extended stay, and midscale brands)
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
</tbody>
</table>

Choice Hotels Expects 2024 Adjusted EPS Of $6.30-$6.60 Vs. Estimate Of  $6.38

Trane Technologies Partnered With The U.S. Department Of Energy To Advance Building Decarbonization In New Heat Pump Technology Challenge

<ul>
<li>The study met its primary endpoint achieving clinically meaningful and statistically significant reductions across all TEV-&lsquo;749 dose groups versus placebo in the Positive and Negative Syndrome Scale (PANSS) total score, a widely used assessment tool for schizophrenia symptom severity</li>
<li>TEV-&lsquo;749 was well tolerated, with no incidence of post-injection delirium/sedation syndrome (PDSS) observed to date: additional safety data is being collected as part of the long-term follow-up SOLARIS study</li>
<li>TEV-&lsquo;749 is being developed by Teva as a once-monthly subcutaneous long-acting injection of olanzapine with the use of SteadyTeq&trade; technology, a copolymer technology proprietary to Medincell</li>
</ul>

TEVA

Teva Pharmaceuticals And Medincell Say Phase 3 Efficacy Results From SOLARIS Trial For Schizophrenia Showed That TEV-'749 Met Its Primary Endpoint As Measured By A Change In The PANSS Total Score From Baseline After 8 Weeks Compared To Placebo

Needham analyst Serge Belanger maintains Pacira BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCRX#NASDAQ">PCRX</a>) with a Buy and lowers the price target from $45 to $43.

PCRX

Needham Maintains Buy on Pacira BioSciences, Lowers Price Target to $43

CGI And Nokia Have Signed An Agreement That Deepens Their Strategic Partnership, Combining Leading-edge 5G Private Wireless Networking Technology With CGI Business Services And Solutions

&nbsp;NanoViricides, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNVC#NYSE">NNVC</a>) (the &quot;Company&quot;), a global leader in broad-spectrum antiviral nanomedicines, says that the ultra-broad antiviral activity spectrum of NV-387 includes activity against orthopoxvirus family (Smallpox/Mpox), with both inhalation and skin abrasion (sexual) modes of infection acquisition. Ectromelia virus infection of mice is a model for Smallpox infection in humans, and also serves as a surrogate for MPox infection in humans. All three viruses belong to the orthopoxvirus family.
NanoViricides reports that in a lethal animal model of lung infection by Ectromelia virus, oral dosing with NV-387 led to an increase in lifespan of mice that was comparable to oral treatment with tecovirimat (TPOXX&reg;, SIGA), the approved drug against Smallpox.
This lung infection study substantiates the results of the previously reported intradigital footpad infection study that: (i) NV-387 has comparable antiviral activity as tecovirimat, and 
(ii) NV-387 plus tecovirimat has much stronger antiviral activity than either drug alone.
We have completed a lethality animal study wherein animals were infected with ectromelia virus into the lungs directly. In this study, we found that NV-387 alone treated animals survived 15 days, tecovirimat alone treated animals survived 16 days, and NV-387 plus tecovirimat treated animals survived 19 days, whereas vehicle-treated animals died in 8 days.
This lung-infection study emulates infection from aerosolized dispersion of the virus, as may be expected in a bioterrorism scenario.

NNVC

NanoViricides Reports Breakthrough in Treating Airborne Viruses, Boosting Lifespan in Infected Mice

Ducommun (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.57 by 22.81 percent. This is a 11.11 percent increase over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $190.847 million which beat the analyst consensus estimate of $189.222 million by 0.86 percent. This is a 5.33 percent increase over sales of $181.191 million the same period last year.

Ducommun Q1 2024 Adj EPS $0.70 Beats $0.57 Estimate, Sales $190.847M Beat $189.222M Estimate

<div>Revenue&nbsp;from ongoing business is now expected to be approximately&nbsp;$1.68 billion&nbsp;to&nbsp;$1.73 billion, which is adjusted for the new licensing model recently announced on May 1 for Merrell and Saucony kids business. This range represents a decline compared to 2023 of approximately&nbsp;15.7%&nbsp;to&nbsp;13.2%&nbsp;and constant currency decline of approximately&nbsp;15.5%&nbsp;and&nbsp;13.0%.</div>

Wolverine Worldwide Reaffirms FY24 Adj EPS Guidance Of $0.65 - $0.85 (Est $0.75) And Cuts Revenue Outlook From $1.70B-$1.75B To $1.68B-$1.73B (Est $1.721B)

Needham analyst Scott Berg reiterates Freshworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) with a Buy and maintains $30 price target.

FRSH

Needham Reiterates Buy on Freshworks, Maintains $30 Price Target

Sims Limited 2024 Q2 - Results - Earnings Call Presentation

Sims Limited (SMSMY) Q2 2024 Earnings Call Transcript

Paul Young, an analyst from Goldman Sachs, maintained the Hold rating on Sims (SMUPF – Research Report). The associated price target is A$18.20. Pa...

Sims Metal Management: Hold Rating Maintained Amidst Market Challenges and Cost Reduction Efforts

Sims reports HY24 results

Jefferies analyst Simon Thackray maintained a Sell rating on Sims (SMUPF – Research Report) today and set a price target of A$11.00. The company's ...

Jefferies Sticks to Its Sell Rating for Sims (SMUPF)

In a report released yesterday, Simon Thackray from Jefferies maintained a Sell rating on Sims (SMUPF – Research Report), with a price target of A$...

Sims (SMUPF) Receives a Sell from Jefferies

Jarden analyst Rohan Gallagher maintained a Hold rating on Sims (SMUPF – Research Report) yesterday and set a price target of A$14.00. The company'...

Jarden Sticks to Their Hold Rating for Sims (SMUPF)

Citi analyst Paul McTaggart maintained a Buy rating on Sims (SMUPF – Research Report) today and set a price target of A$13.50. The company's shares...

Sims (SMUPF) Receives a Buy from Citi

In a report released today, Paul Young from Goldman Sachs maintained a Hold rating on Sims (SMUPF – Research Report). The company's shares closed l...

Goldman Sachs Remains a Hold on Sims (SMUPF)

In a report released today, Lee Power from UBS maintained a Buy rating on Sims (SMUPF – Research Report), with a price target of A$14.30. The compa...

UBS Remains a Buy on Sims (SMUPF)

SMUPF

Press Releases

Sims Limited Debuts on the FTSE4Good Index Series

Sims Limited Announces the Appointment of Kathy Hirschfeld to the Board of Directors

Sims Limited Releases 2023 Sustainability Reporting Suite

Sims Limited Announces Appointment of Warrick Ranson as Chief Financial Officer

Sims Limited Named World's Most Sustainable Corporation on Corporate Knights' 2024 Global 100 Index

Sims Lifecycle Services and MOLG Forge Strategic Relationship to Drive Innovation