Ultime notizie per ESAB (NYSE:ESAB) Azioni

ESAB

ESAB, spun off from Colfax in 2022, is a leading manufacturer of equipment and consumables used in welding, cutting, and joining applications. Alongside competitors Lincoln Electric and ITW's Miller brand, ESAB is one of the top three players in the welding space. ESAB generated roughly $2.8 billion in revenue in 2023.

ESAB Corp

Morgan Stanley analyst Bob Huang maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Overweight and raises the price target from $220 to $228.

News

Price Target

Analyst Ratings

Morgan Stanley Maintains Overweight on Allstate, Raises Price Target to $228

Guggenheim analyst Debjit Chattopadhyay maintains Amicus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOLD#NASDAQ">FOLD</a>) with a Buy and raises the price target from $13 to $15.

FOLD

Guggenheim Maintains Buy on Amicus Therapeutics, Raises Price Target to $15

Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock shot higher on Thursday following the upbeat quarterly print.
On Wednesday, the company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41791722/applovin-stock-soars-after-q3-earnings-report-revenue-beat-eps-beat-strong-software-platform-growth" rel="noreferrer noopener">third-quarter revenue</a> of $1.2 billion, up 39%, beating analyst&nbsp;consensus estimates of $1.13 billion. Applovin increased the company&#8217;s share repurchase program by $2 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41809105/warner-bros-discovery-q3-earnings-olympics-and-blockbusters-drive-gains-ceo-highlights-subscriber-s" rel="noreferrer noopener">Warner Bros. Discovery Q3 Earnings: Olympics and Blockbusters Drive Gains, CEO Highlights Subscriber Surge and New Partnerships</a>
It expects fourth-quarter revenue of $1.24 billion—$1.26 billion.
Multiple Wall Street analysts rerated the stock after the quarterly results.
JP Morgan analyst Cory Carpenter maintained AppLovin with a Neutral and raised the <a target="_blank" href="https://www.benzinga.com/quote/APP/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$160&nbsp;to&nbsp;$200</a>.
Needham analyst Bernie McTernan reiterated AppLovin with a Hold.
Benchmark analyst Mark Zgutowicz maintained AppLovin with a Sell and a $66&nbsp;price target.
JP Morgan: Cory A. Carpenter views AppLovin&#8217;s third-quarter results as a substantial beat, with guidance for the fourth quarter surpassing analyst expectations.
Carpenter highlights the Software Platform&#8217;s impressive 17% sequential growth, driven by technology upgrades to the Axon algorithm, which significantly outpaced the typical 4%- 5% growth target.
The gaming sector fueled this strong performance, while the company&#8217;s e-commerce pilot exceeded expectations. Management now expects e-commerce to become a significant growth driver in 2025 and beyond, with resources increasingly redirected to this segment.
The fourth-quarter projections imply moderate sequential growth for the Software Platform, as costs related to vesting and expanded data capacity slightly reduce incremental margins.
Despite being optimistic about AppLovin&#8217;s mobile gaming ad monetization leadership, Carpenter remains cautious about the company&#8217;s expansion beyond gaming.
He raised the December 2025 price target from $160 to $200, noting a revised multiple of 22.5x on the estimated 2025 EBITDA, reflecting confidence in the e-commerce outlook.
This multiple, though a premium compared to most ad tech peers, still presents a discount relative to The Trade Desk, In&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) 48x, considering AppLovin&#8217;s slower growth in core gaming.
Carpenter expects fourth-quarter revenue of $1.26 billion and EPS of $1.30.
Needham: The latest results led McTernan to raise his adjusted EBITDA estimates for 2025 by 14%, reflecting a 23% year-over-year increase, with minimal assumptions for e-commerce contributions. However, management&#8217;s positive outlook on e-commerce suggests the potential for further growth.
AppLovin&#8217;s software segment has consistently outperformed, posting over 60% year-over-year growth in the past five quarters. In the third quarter, software revenue grew 66% year-over-year and 18% sequentially, primarily driven by advancements in Axon 2.0. Adjusted EBITDA for the software segment reached $653 million, up 80% year-over-year, with a margin of 78% and incremental margins of 87%.
Management attributes this success to its technology&#8217;s ability to expand the total addressable market (TAM) and increase client spending by demonstrating a high return on investment.
AppLovin&#8217;s pilot for its e-commerce advertising platform, introduced in the recent earnings call, is already yielding positive feedback. While the program is still in its early stages and expected to remain relatively small in 2024, management projects a meaningful impact by 2025. Management believes the e-commerce platform could expand into new markets, such as connected TV (CTV), potentially driving additional upside, citing customer satisfaction and strong returns.
Based on AppLovin&#8217;s third-quarter results and revised fourth-quarter projections, McTernan raised fiscal 2024 revenue and adjusted EBITDA estimates by 5% and 9%, respectively.
The 2025 revenue and adjusted EBITDA estimates also increased by 6% and 14%, considering the anticipated long-term benefits from the e-commerce platform expansion.
McTernan expects fourth-quarter revenue of $1.25 billion and EPS of $1.25.
Price Action: APP stock is up 44.1% at $242.31 at last check Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41811828/epam-q3-earnings-beats-expectations-rising-margins-ceo-flags-neoris-acquisition" target="_blank" rel="noreferrer noopener">EPAM Q3 Earnings: Beats Expectations, Rising Margins, CEO Flags NEORIS Acquisition</a></li>
</ul>

Analyst Color

Reiteration

Movers

Tech

Trading Ideas

AppLovin's High Valuation and Expansion Beyond Gaming Prompt Analyst Caution

GLJ Research analyst Gordon Johnson downgrades Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) from Hold to Sell and announces $7.78 price target.

Downgrades

GLJ Research Downgrades Sunrun to Sell, Announces $7.78 Price Target

WIIM

IMVT

Immunovant shares are trading lower after the company reported worse-than-expected Q2 EPS results.

SEDG

Solar Edge shares are trading lower after the company announced worse-than-expected Q3 financial results.

Macquarie analyst Tim Nollen maintains LiveRamp Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RAMP#NYSE">RAMP</a>) with a Outperform and maintains $43 price target.

RAMP

Macquarie Maintains Outperform on LiveRamp Holdings, Maintains $43 Price Target

Offerings

Fangdd Announces $5 Million Registered Direct Offering At $0.70 Per Share, Closing Expected November 8; Proceeds To Support General Corporate Purposes

Macquarie analyst Tim Nollen maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Outperform and raises the price target from $150 to $270.

Macquarie Maintains Outperform on AppLovin, Raises Price Target to $270

Macquarie analyst Tim Nollen maintains Digital Turbine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>) with a Neutral and lowers the price target from $3 to $2.

APPS

Macquarie Maintains Neutral on Digital Turbine, Lowers Price Target to $2

Editor: The title of the story has been updated to reflect the amount of impairment charge.
SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares are trading lower after the company reported third-quarter results yesterday. Revenues were $260.9 million, <a href="https://www.benzinga.com//node/41786579">missing the consensus of $269.38 million.</a>
Revenues from the solar segment were&nbsp;$247.5 million, up&nbsp;3%&nbsp;from&nbsp;$241.2 million&nbsp;in the prior quarter and down&nbsp;63%&nbsp;from&nbsp;$676.9 million&nbsp;in the same period last year.
The company shipped&nbsp;850 Megawatts (AC) of inverters and 189 MWh of batteries for PV applications in the quarter.
Adjusted gross margin&nbsp;was negative 265.4% versus a&nbsp;positive margin of&nbsp;0.2%&nbsp;in the prior quarter and compared to&nbsp;20.8%&nbsp;last year.
Adjusted operating loss stood at&nbsp;$808.1&nbsp;million versus an adjusted operating loss of&nbsp;$114.3&nbsp;million&nbsp;last quarter.
Adjusted loss per share of&nbsp;$15.33&nbsp;may not be comparable to <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">the consensus loss of&nbsp;$1.63</a>.
Operating cash flow was negative&nbsp;$63.9&nbsp;million in the quarter. As of September 30, cash, cash equivalents, bank deposits, restricted bank deposits, and marketable securities&nbsp;totaled&nbsp;$53.3&nbsp;million.
In the third quarter, SolarEdge conducted an asset valuation review, which resulted in a $1.03 billion write-down and impairment of various assets.
Outlook: For&nbsp;the&nbsp;fourth quarter, the company expects revenue of&nbsp;$180&nbsp;million &#8211; $200 million (versus&nbsp;consensus of&nbsp;$308.66 million), revenues from the solar segment of&nbsp;$170&nbsp;million &#8211; $190 million, and adjusted gross <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">margin of&nbsp;negative&nbsp;4%&nbsp;&#8211;&nbsp;0%</a>.
Investors can gain exposure to the stock via&nbsp;Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>).
Price Action: SEDG shares were down 17.3% at $12.13 premarket at the time of writing on Thursday. The stock has recouped all losses and is up 0.31% to $14.73 at the time of update as of 14.15.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41799600" target="_blank" rel="noreferrer noopener">Nvidia Partners With AI Startup Hugging Face To Supercharge Open Source Robotics</a></li>
</ul>

Earnings

Equities

Large Cap

Guidance

SolarEdge's Tough Q3: Revenue Miss, $1 Billion Impairment Charge, Bleak Forecast & More (UPDATED)

<a href="https://www.youtube.com/watch?v=94uL1NRslpw">https://www.youtube.com/watch?v=94uL1NRslpw</a>
&nbsp;

Macro Economic Events

Global

Economics

Russia's Putin Congratulates Trump On Winning U.S. Presidential Elections; Says Desire To Restore Relations With Russia, Facilitate End Of Ukrainian Crisis Deserves Attention; Don't Think It's Wrong To Hold Call With Trump; If Some World's Leaders Seek To Restore Contacts, I'm Not Against It; We Are Ready To Speak To Trump

BTIG analyst Marvin Fong maintains MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) with a Buy and lowers the price target from $2250 to $2200.

MELI

BTIG Maintains Buy on MercadoLibre, Lowers Price Target to $2200

Deep-pocketed investors have adopted a bearish approach towards Sweetgreen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Sweetgreen. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $250,030, and 6 are calls, amounting to $262,457.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $45.0 for Sweetgreen over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Sweetgreen's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sweetgreen's whale activity within a strike price range from $40.0 to $45.0 in the last 30 days. 
<h3>Sweetgreen Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731007036_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.3</td>
<td>$3.0</td>
<td>$3.29</td>
<td>$41.00</td>
<td>$163.1K</td>
<td>83</td>
<td>512</td>
</tr>
<tr>
<td>SG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.9</td>
<td>$2.75</td>
<td>$2.89</td>
<td>$40.00</td>
<td>$86.8K</td>
<td>2.2K</td>
<td>321</td>
</tr>
<tr>
<td>SG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.2</td>
<td>$4.0</td>
<td>$4.16</td>
<td>$41.00</td>
<td>$61.7K</td>
<td>390</td>
<td>3.2K</td>
</tr>
<tr>
<td>SG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.3</td>
<td>$4.2</td>
<td>$4.3</td>
<td>$41.00</td>
<td>$49.3K</td>
<td>390</td>
<td>2.9K</td>
</tr>
<tr>
<td>SG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$11.9</td>
<td>$11.6</td>
<td>$11.85</td>
<td>$40.00</td>
<td>$41.4K</td>
<td>301</td>
<td>35</td>
</tr>
</tbody>
</table>

<h3>About Sweetgreen</h3>
Sweetgreen Inc is a next-generation restaurant and lifestyle brand that serves healthy food at scale. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.
In light of the recent options history for Sweetgreen, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Sweetgreen</h3>
<ul>
<li>With a volume of 3,351,690, the price of SG is up 1.15% at $42.12. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 0 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Sweetgreen options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Decoding Sweetgreen's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bullish approach towards Toast (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TOST usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Toast. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 80% leaning bullish and 10% bearish. Among these notable options, 3 are puts, totaling $139,066, and 7 are calls, amounting to $316,468.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $28.0 to $45.0 for Toast during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Toast's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Toast's whale trades within a strike price range from $28.0 to $45.0 in the last 30 days. 
<h3>Toast Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731007031_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TOST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$12.65</td>
<td>$12.55</td>
<td>$12.55</td>
<td>$45.00</td>
<td>$79.0K</td>
<td>0</td>
<td>63</td>
</tr>
<tr>
<td>TOST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.04</td>
<td>$2.0</td>
<td>$2.03</td>
<td>$35.00</td>
<td>$61.0K</td>
<td>3.8K</td>
<td>721</td>
</tr>
<tr>
<td>TOST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$0.83</td>
<td>$0.77</td>
<td>$0.83</td>
<td>$36.00</td>
<td>$55.2K</td>
<td>83</td>
<td>3.7K</td>
</tr>
<tr>
<td>TOST</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/08/24</td>
<td>$5.25</td>
<td>$4.85</td>
<td>$5.06</td>
<td>$28.00</td>
<td>$50.5K</td>
<td>131</td>
<td>172</td>
</tr>
<tr>
<td>TOST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$3.05</td>
<td>$3.05</td>
<td>$3.05</td>
<td>$31.00</td>
<td>$44.5K</td>
<td>152</td>
<td>146</td>
</tr>
</tbody>
</table>

<h3>About Toast</h3>
Toast is a us-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 120,000 restaurant locations across the United States at the end of June 2024. The firm generates sales from software subscription fees, as a percentage take rate from each financial transaction it processes, from loan origination and servicing fees from its Toast Capital arm, and from hardware installation and professional services. Unlike competitors, Toast intermediates every payment transaction on its platform, processing some $126 billion in gross platform volume in 2023. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs.
<h3>Current Position of Toast</h3>
<ul>
<li>With a trading volume of 7,268,146, the price of TOST is up by 1.24%, reaching $32.54.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 0 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Toast</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $31.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Stephens &amp; Co. persists with their Equal-Weight rating on Toast, maintaining a target price of $30. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Toast, targeting a price of $33. 
&#x2A; An analyst from Morgan Stanley persists with their Overweight rating on Toast, maintaining a target price of $33. 
&#x2A; Maintaining their stance, an analyst from Baird continues to hold a Neutral rating for Toast, targeting a price of $30. 
&#x2A; An analyst from Deutsche Bank has decided to maintain their Hold rating on Toast, which currently sits at a price target of $30. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Toast with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

TOST

Looking At Toast's Recent Unusual Options Activity

Craig-Hallum analyst Jeremy Hamblin maintains Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) with a Buy and raises the price target from $85 to $120.

KRUS

Craig-Hallum Maintains Buy on Kura Sushi USA, Raises Price Target to $120

Barrington Research analyst Alexander Paris maintains Strategic Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRA#NASDAQ">STRA</a>) with a Outperform and maintains $135 price target.

STRA

Barrington Research Maintains Outperform on Strategic Education, Maintains $135 Price Target

BTIG analyst Marvin Fong maintains Upwork (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) with a Buy and raises the price target from $14 to $16.

UPWK

BTIG Maintains Buy on Upwork, Raises Price Target to $16

Craig-Hallum analyst Jeff Van Rhee maintains Cellebrite DI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLBT#NASDAQ">CLBT</a>) with a Buy and raises the price target from $23 to $24.

CLBT

Craig-Hallum Maintains Buy on Cellebrite DI, Raises Price Target to $24

BTIG analyst Clark Lampen maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Buy and raises the price target from $202 to $291.

BTIG Maintains Buy on AppLovin, Raises Price Target to $291

The materials sector is flourishing with technological advancements, stable demand, and rising prices. Amid robust industry growth, quality materials stocks ESAB (ESAB), Gibraltar Industries (ROCK), and Valmont Industries (VMI) could be ideal buys as they are ready to surge amid the commodity boom. Read more... With the growing infrastructure investments, rising commercial projects, and changing consumer preferences, the materials market is expected to experience rapid growth in the upcoming years. Also, commodity prices are projected to remain above <a href="https://blogs.worldbank.org/en/developmenttalk/the-commodity-markets-outlook-in-eight-charts">pre-pandemic levels this year and the next</a>.
Given this backdrop, it could be wise to invest in fundamentally strong materials stocks ESAB Corporation (<a href="https://stocknews.com/stock/ESAB/">ESAB</a>), Gibraltar Industries, Inc. (<a href="https://stocknews.com/stock/ROCK/">ROCK</a>), and Valmont Industries, Inc. (<a href="https://stocknews.com/stock/VMI/">VMI</a>), poised to surge amid the commodity boom.
Driven by infrastructure investments, increasing initiatives, supply chain resilience, and geopolitical factors, the metal market is expected to expand at a <a href="https://www.giiresearch.com/report/tbrc1435449-metal-global-market-report.html#:~:text=The%20metal%20market%20size%20has,(CAGR)%20of%205.6%25.">CAGR of 4.7%</a>, resulting in a market value of $5.27 trillion by 2028. Trends like technological advancements in metal recycling, green technologies, and growing digital marketplaces will lead the market demand.
The <a href="https://www.barrons.com/market-data/indexes/djusim?countrycode=xx">Dow Jones U.S. industrial metals index</a> closed the last session at $521.42. It grew above 17% in the last 12 months.
Further, property ownership has increased in the last few years, boosting the market growth prospects of the construction materials market. The <a href="https://www.fortunebusinessinsights.com/construction-materials-market-107415">global construction materials market</a> is expected to grow to $1.87 trillion by 2032, at a CAGR of 3.9%.
The market is prospering with rising commercial projects, infrastructure investments, and intense competition for clean highways and public infrastructure.
Considering these encouraging economic trends, let's delve deeper into the fundamentals of top <a href="https://stocknews.com/category/industrial-metals/">Industrial - Metals</a> stocks.
Stock #3: ESAB Corporation (<a href="https://stocknews.com/stock/ESAB/">ESAB</a>)
ESAB is engaged in the fabrication and gas control technology. The company provides advanced equipment, consumables, gas control equipment, robotics, and digital solutions, which are used in cutting, joining, and automated welding.
On June 4, ESAB announced a distribution agreement with INFRA Group, a leading Mexican provider of industrial and medical gases. The collaboration is aimed at expanding the availability of ESAB's differentiated solutions by offering its welding and gas control equipment to customers in Mexico.
On May 30, ESAB entered into an agreement to acquire Linde Industries Private Limited, a market leader in welding consumables and equipment in Bangladesh. The strategic acquisition will potentially strengthen ESAB's ability to serve its end markets and customers in the region.
During the second quarter of 2024, which ended on June 28, 2024, ESAB reported net sales of $707.05 million, and its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> increased 2.4% year-over-year to $270.32 million. Its operating income rose 9.9% from the year-ago value to $119.35 million.
Furthermore, the company's adjusted net income from continuing operations came in at $86.60 million and $1.41 per share, up 10.9% and 10.2% from the prior year's quarter, respectively.
Street expects ESAB's revenue for the first quarter (ending March 2025) to increase 2.2% year-over-year to $670.47 million. Its EPS for the same quarter is expected to grow 6.4% year-over-year to $1.28. Also, the company has topped the consensus EPS estimates in each of the four trailing quarters, which is impressive.
Shares of ESAB have surged 48.4% over the past year to close the last trading session at $105.19.
ESAB's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
ESAB has a B grade for Stability and Sentiment. It is ranked #7 out of 28 stocks in the <a href="https://stocknews.com/category/industrial-metals/">Industrial - Metals</a> industry.
In addition to the POWR Ratings we've stated above, we also have ESAB's ratings for Momentum, Value, Quality, and Growth. Get all ESAB ratings <a href="https://stocknews.com/stock/ESAB/">here</a>.
Stock #2: Gibraltar Industries, Inc. (<a href="https://stocknews.com/stock/ROCK/">ROCK</a>)
ROCK manufactures and offers products and services for the renewable energy, residential, agtech, and infrastructure markets internationally. It operates in four segments: Renewables; Residential; Agtech; and Infrastructure. It designs, engineers, manufactures, and installs solar racking and electrical balance systems for commercial and distributed generation-scale solar installations.
In terms of forward Price/Sales, ROCK is trading at 1.50x, lower than the industry average of 1.49x. Similarly, the stock's forward EV/Sales multiple of 1.39 is 26.2% lower than the 1.89 industry average. Further, its forward EV/EBITDA of 8.93x is 24.1% lower than the industry average of 11.76x.
For the second quarter that ended June 30, 2024, ROCK posted net sales of $353 million, of which its sales from the renewables segment grew 2.5% from the year-ago value to $79.40 million. The company's adjusted net income and EPS of $36.40 million and $1.18 indicate growth of 2.8% and 2.6% from the prior year's quarter, respectively.
As per the company's updated fiscal year 2024 outlook. ROCK now expects consolidated net sales between $1.38 billion and $1.42 billion. Also, it expects its adjusted EPS to range from $4.57 to $4.82.
Street expects ROCK's revenue and EPS for the third quarter (ending September 2024) to increase 1.2% and 6% year-over-year to $395.47 million and $1.46, respectively. Furthermore, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
ROCK's stock has gained 1% over the past year to close the last trading session at $68.41.
ROCK's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has an A grade for Momentum. It also has a B grade for Sentiment and Quality. ROCK is ranked #4 among 28 stocks in the same industry.
<a href="https://stocknews.com/stock/ROCK/">Click here</a> to access ROCK's ratings for Stability, Growth, and Value.
Stock #1: Valmont Industries, Inc. (<a href="https://stocknews.com/stock/VMI/">VMI</a>)
VMI operates as a manufacturer of products and services for infrastructure and agriculture markets internationally. The company operates through two segments: Infrastructure and Agriculture. It manufactures and distributes steel, pre-stressed concrete, and composite structures for electrical transmission, substation, and distribution applications.
On July 29, VMI's Board of Directors declared a quarterly dividend of $0.60 per share, payable on October 15, 2024, to shareholders of record on September 27, 2024.
VMI pays an annual dividend of $2.40, which translates to a yield of 0.84% at the current share price. Its four-year average dividend yield is 0.87%. Moreover, the company's dividend payouts have increased at a CAGR of 9.9% over the past five years. VMI has raised its dividends for four consecutive years.
VMI reported net sales of $1.04 billion during the second quarter that ended June 29, 2024, and its gross profit came in at $320.28 million. Net earnings attributable to VMI and EPS amounted to $99.72 million and $4.91, indicating growth of 11.6% and 16.6% from the prior year's quarter, respectively.
The company raised its 2024 full-year financial outlook for earnings per share. It now expects its EPS to range from $16.50 to $17.30, compared to the prior range of $15.40 to $16.40.
Analysts expect VMI's revenue for the fourth quarter (ending December 2024) to increase marginally year-over-year to $1.02 billion, and its EPS is expected to grow 15.9% year-over-year to $3.69. Moreover, the company has topped the consensus EPS estimates in each of the trailing four quarters, which is impressive.
VMI's stock has gained 30.3% over the past six months and 19.3% over the past year to close the last trading session at $284.87.
VMI's POWR Ratings reflect its rosy outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Momentum and a B grade for Growth and Sentiment. Within the Industrial - Metals industry, VMI is ranked #2 among 28 stocks.
<a href="https://stocknews.com/stock/VMI/">Click here</a> to access additional ratings of VMI for Quality, Stability, and Value.
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ESAB shares were trading at $106.94 per share on Thursday afternoon, up $1.75 (+1.66%). Year-to-date, ESAB has gained 23.63%, versus a 21.52% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/esab-vmi-rock-3-materials-stocks-ready-to-surge-amid-commodity-boom/>3 Materials Stocks Ready to Surge Amid Commodity Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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ESAB narrows 2024 adjusted EPS view to $4.80-$4.95 from $4.75-$4.95

ESAB Corporation (ESAB) Q3 2024 Earnings Call Transcript

Baird analyst Mircea Dobre raised the firm's price target on ESAB (ESAB) to $134 from $120 and keeps an Outperform rating on the shares. The compan...

ESAB price target raised to $134 from $120 at Baird

Oppenheimer raised the firm's price target on ESAB (ESAB) to $138 from $122 and keeps an Outperform rating on the shares. The firm notes Shares jum...

ESAB price target raised to $138 from $122 at Oppenheimer

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