Decoding CrowdStrike Holdings's Options Activity: What's the Big Picture?
Financial giants have made a conspicuous bullish move on CrowdStrike Holdings. Our analysis of options history for CrowdStrike Holdings CRWD revealed 26 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 34% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $239,635, and 20 were calls, valued at $1,311,593.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $480.0 for CrowdStrike Holdings over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for CrowdStrike Holdings’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across CrowdStrike Holdings’s significant trades, within a strike price range of $200.0 to $480.0, over the past month.
CrowdStrike Holdings Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRWD | CALL | SWEEP | NEUTRAL | 01/16/26 | $124.6 | $122.6 | $124.6 | $260.00 | $311.3K | 392 | 29 |
| CRWD | CALL | SWEEP | NEUTRAL | 01/16/26 | $112.35 | $111.95 | $112.35 | $280.00 | $224.7K | 323 | 22 |
| CRWD | CALL | TRADE | BEARISH | 01/17/25 | $58.5 | $58.0 | $58.0 | $300.00 | $116.0K | 2.5K | 28 |
| CRWD | CALL | TRADE | NEUTRAL | 11/15/24 | $2.45 | $2.21 | $2.35 | $350.00 | $58.7K | 2.2K | 911 |
| CRWD | PUT | SWEEP | BEARISH | 06/20/25 | $5.3 | $5.15 | $5.3 | $220.00 | $58.3K | 1.0K | 164 |
About CrowdStrike Holdings
CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike’s primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.
After a thorough review of the options trading surrounding CrowdStrike Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is CrowdStrike Holdings Standing Right Now?
- Trading volume stands at 1,510,174, with CRWD’s price down by -0.05%, positioned at $347.7.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 12 days.
Professional Analyst Ratings for CrowdStrike Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $400.0.
Unusual Options Activity Detected: Smart Money on the Move
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* In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $400.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for CrowdStrike Holdings, Benzinga Pro gives you real-time options trades alerts.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Insider Selling: TPG GP A LLC Unloads $64.77M Of Life Time Group Hldgs Stock
TPG GP A LLC, 10% Owner at Life Time Group Hldgs LTH, executed a substantial insider sell on November 13, according to an SEC filing.
What Happened: LLC’s decision to sell 2,678,525 shares of Life Time Group Hldgs was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the sale is $64,766,734.
During Thursday’s morning session, Life Time Group Hldgs shares down by 0.0%, currently priced at $24.18.
About Life Time Group Hldgs
Life Time Group Holdings Inc is a lifestyle brand offering health, fitness and wellness experiences to a community. It is engaged in designing, building, and operating distinctive and large, multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment, principally in residential locations of metropolitan areas in the United States and Canada.
Understanding the Numbers: Life Time Group Hldgs’s Finances
Revenue Growth: Life Time Group Hldgs displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 18.47%. This indicates a notable increase in the company’s top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Holistic Profitability Examination:
-
Gross Margin: The company maintains a high gross margin of 46.46%, indicating strong cost management and profitability compared to its peers.
-
Earnings per Share (EPS): Life Time Group Hldgs’s EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 0.2.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.61.
Valuation Analysis:
-
Price to Earnings (P/E) Ratio: Life Time Group Hldgs’s P/E ratio of 35.56 is below the industry average, suggesting the stock may be undervalued.
-
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 1.99, Life Time Group Hldgs’s stock is perceived as being overvalued in the market, particularly in relation to sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): The company’s EV/EBITDA ratio 15.04 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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Delving Into the Significance of Insider Transactions
Insider transactions shouldn’t be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In the context of legal matters, the term “insider” refers to any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider’s new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
Transaction Codes To Focus On
For investors, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Life Time Group Hldgs’s Insider Trades.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
PrimeEnergy Resources Corporation (PNRG) Announces third Quarter Results
HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) — PrimeEnergy Resources Corporation PNRG announced today net income of $22,076,000 for the quarter, and $53,127,000 for the nine months, ended September 30, 2024. This represents $8.80 and $20.93 per share, on a fully diluted basis, for the three and nine months ended September 30, 2024. As of November 14, 2024, the total outstanding shares including outstanding options are 2,485,000.
Oil and gas production volumes for the three months ended September 30, 2024 and 2023:
| 2024 |
2023 |
Increase | Increase | ||||||||||||
| Oil production (barrels) | 757,000 | 323,000 | 434,000 | 134.37 | % | ||||||||||
| Natural gas production (Mcf) | 2,144,000 | 1,081,000 | 1,063,000 | 98.41 | % | ||||||||||
| Natural gas liquids production (barrels) | 394,000 | 161,000 | 233,000 | 144.72 | % | ||||||||||
Oil and gas production volumes for the nine months ended September 30, 2024 and 2023:
| 2024 |
2023 |
Increase |
Increase | ||||||||||||
| Oil production (barrels) | 1,883,000 | 814,000 | 1,069,000 | 131.33 | % | ||||||||||
| Natural gas production (Mcf) | 5,030,000 | 2,766,000 | 2,264,000 | 81.85 | % | ||||||||||
| Natural gas liquids production (barrels) | 874,000 | 412,000 | 462,000 | 112.14 | % | ||||||||||
| Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||
| 2024 |
2023 |
2024 |
2023 |
||||||||||||
| Revenues | $ | 69,455,000 | $ | 37,575,000 | $ | 177,270,000 | $ | 96,109,000 | |||||||
| Net Income | $ | 22,076,000 | $ | 10,720,000 | $ | 53,127,000 | $ | 22,220,000 | |||||||
| Earnings per Common Share: | |||||||||||||||
| Basic | $ | 12.63 | $ | 5.84 | $ | 29.88 | $ | 11.95 | |||||||
| Diluted | $ | 8.80 | $ | 4.13 | $ | 20.93 | $ | 8.49 | |||||||
| Shares Used in Calculation of: | |||||||||||||||
| Basic EPS | 1,747,727 | 1,834,709 | 1,778,224 | 1,859,084 | |||||||||||
| Basic | 2,508,631 | 2,593,924 | 2,538,268 | 2,617,758 | |||||||||||
Total assets at September 30, 2024, were $345,588,000 compared to $288,568,000 at December 31, 2023.
PrimeEnergy Resources Corporation is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416.
Forward-Looking Statements
This Report contains forward-looking statements that are based on management’s current expectations, estimates and projections. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes”, “projects” and “estimates,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company’s oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company’s ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Behind the Scenes of Goldman Sachs Gr's Latest Options Trends
Deep-pocketed investors have adopted a bearish approach towards Goldman Sachs Gr GS, 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 GS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 18 extraordinary options activities for Goldman Sachs Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 38% bearish. Among these notable options, 4 are puts, totaling $138,243, and 14 are calls, amounting to $1,799,081.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $430.0 to $630.0 for Goldman Sachs Gr during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Goldman Sachs Gr’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Goldman Sachs Gr’s significant trades, within a strike price range of $430.0 to $630.0, over the past month.
Goldman Sachs Gr Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GS | CALL | TRADE | BULLISH | 01/17/25 | $18.75 | $18.35 | $18.75 | $610.00 | $468.7K | 227 | 252 |
| GS | CALL | SWEEP | BEARISH | 11/15/24 | $81.35 | $77.0 | $77.0 | $510.00 | $300.3K | 353 | 55 |
| GS | CALL | SWEEP | BULLISH | 11/15/24 | $98.0 | $96.2 | $98.0 | $500.00 | $196.0K | 842 | 20 |
| GS | CALL | TRADE | BEARISH | 12/20/24 | $161.1 | $159.65 | $160.0 | $430.00 | $192.0K | 86 | 12 |
| GS | CALL | SWEEP | BEARISH | 11/15/24 | $13.15 | $11.7 | $11.86 | $580.00 | $117.6K | 1.5K | 101 |
About Goldman Sachs Gr
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company’s net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
Having examined the options trading patterns of Goldman Sachs Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Goldman Sachs Gr
- Trading volume stands at 1,046,821, with GS’s price down by -0.87%, positioned at $589.07.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 62 days.
What The Experts Say On Goldman Sachs Gr
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $588.0.
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* An analyst from Oppenheimer has decided to maintain their Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $661.
* Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Goldman Sachs Gr with a target price of $614.
* Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Goldman Sachs Gr with a target price of $575.
* Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Goldman Sachs Gr with a target price of $520.
* Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $570.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Goldman Sachs Gr, Benzinga Pro gives you real-time options trades alerts.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Powell says no need for Fed to rush rate cuts given strong economy
By Ann Saphir and Howard Schneider
DALLAS (Reuters) – Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
In remarks that align with a developing expectation in financial markets for fewer rate cuts next year than previously forecast by Fed officials, Powell affirmed that he and his fellow policymakers still consider inflation to be “on a sustainable path to 2%” that will allow the U.S. central bank to move monetary policy “over time to a more neutral setting.”
But the pace of rate cuts “is not preset,” Powell said at a Dallas Fed event, adding that “the economy is not sending any signals that we need to be in a hurry to lower rates. The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully.”
Fed officials and investors are taking stock of how continued U.S. economic strength and the uncertainty around the economic agenda of President-elect Donald Trump’s administration, particularly regarding tax cuts, tariffs and an immigration crackdown, may affect economic growth and inflation.
Following an election last week that may have turned on voter perceptions of the nation’s economic ills, Powell said the current situation was actually “remarkably good.”
The economy’s strengths include a still-low 4.1% unemployment rate, growth at what Powell called a “stout” 2.5% annual pace that remains above Fed estimates of its underlying potential, consumer spending driven by rising disposable income, and growing business investment.
Yet key measures of inflation remain above target.
The personal consumption expenditures price index for October has not been released yet, but Powell said recent data that feeds into it indicates the PCE excluding food and energy costs rose at a 2.8% rate last month – which would mark a fourth consecutive month in which the indicator has stalled.
The Fed uses the headline PCE reading to set its 2% inflation target – Powell said that figure likely was around 2.3% in October – while the “core” measure is considered a guide to the direction of underlying inflation.
Traders expect the Fed to cut interest rates by another quarter of a percentage point at its Dec. 17-18 meeting, but the combination of Trump’s election victory and sticky inflation readings has them anticipating fewer cuts next year.
U.S. Postal Service Reports Fiscal Year 2024 Results
- Reduced controllable loss by $434 million
- Operating revenue increase of $1.4 billion to $79.5 billion due to strategic price increases and continued growth in our Shipping and Packages category
- Transportation expense reductions of $1.3 billion, reflecting continued progress of network optimization
- Release of Delivering for America 2.0 – Fulfilling the Promise highlighting our key achievements over the past three years and our priorities going forward
WASHINGTON, Nov. 14, 2024 /PRNewswire/ — The U.S. Postal Service today announced its financial results for the 2024 fiscal year ended September 30. Controllable loss, which excludes certain expenses that are not controllable by management, was $1.8 billion for the year, compared to over $2.2 billion for the prior year. The net loss for the year under generally accepted accounting principles (GAAP) totaled $9.5 billion, compared to a net loss of $6.5 billion for the prior year, an increase of $3.0 billion primarily attributed to the year-over-year increase in non-cash workers’ compensation expense. Over 80% of our current year net loss is attributed to factors that are outside of management’s control, specifically, the amortization of unfunded retiree pension liabilities and non-cash workers’ compensation adjustments.
September 30, 2024 saw the release of Delivering for America 2.0 – Fulfilling the Promise, which revisits and reexamines our original 10-year transformation and modernization plan issued in March 2021, describes the significant progress made over the past three years, and summarizes the evolution of our major strategies that are now driving the organization forward to financial stability and sustained service excellence. The entire plan can be found at: https://about.usps.com/what/strategic-plans/delivering-for-america/assets/dfa-2-0-fulfilling-the-promise-2024.pdf.
“Our pricing and product strategies are continuing to improve our revenue picture and fuel market share gains in our package business, demonstrating the increasing competitiveness of the Postal Service,” said Postmaster General Louis DeJoy. “While we continue to reduce our costs, there remain many economic, legislative and regulatory obstacles for us to overcome. We look forward to continuing our focus on transforming and modernizing the Postal Service, driving revenue, reducing the cost to deliver, improving operational performance, and positioning the organization for long-term financial sustainability.”
Total operating revenue was $79.5 billion for the year, an increase of $1.4 billion, or 1.7 percent, compared to the prior year.
Revenue from Shipping and Packages, First-Class Mail and Marketing Mail all increased for the year. Shipping and Packages revenue increased $625 million, or 2.0 percent, compared to the prior year. First-Class Mail revenue increased $830 million, or 3.4 percent, compared to the prior year. Marketing Mail revenue increased $292 million, or 1.9 percent, compared to the prior year.
Total GAAP operating expenses were $89.5 billion for the year, an increase of $4.1 billion, or 4.8 percent, compared to the prior year. The overall increase in operating expenses was due to non-cash workers’ compensation adjustments and inflationary impacts on compensation costs, retirement costs and other operating costs, partially offset by lower transportation costs.
“The financial results for the year and the ongoing trend of declining mail volume and increasing package volume reinforce our commitment to the full implementation of the Delivering for America plan,” said Chief Financial Officer Joseph Corbett. “Adherence to the tenets of the plan, for example, has allowed us to reduce work hours for the third consecutive year, cumulatively reducing 45 million hours that will result in $2.3 billion in annual savings prospectively, and to save $1.3 billion in transportation costs in fiscal year 2024. The plan delivers the framework for us to better innovate to grow revenue, work more efficiently, and achieve financial sustainability to fulfill our universal service mission over an integrated network to deliver both mail and packages.”
Fiscal Year 2024 Operating Revenue and Volume by Service Category Compared to Prior Year
The following table presents revenue and volume by service category for the years ended September 30, 2024 and 2023:
|
Revenue |
Volume |
||||||
|
(revenue in $ millions; volume in millions of pieces) |
2024 |
2023 |
2024 |
2023 |
|||
|
Service Category |
|||||||
|
First-Class Mail |
$ 25,414 |
$ 24,584 |
44,312 |
45,982 |
|||
|
Marketing Mail |
15,373 |
15,081 |
57,506 |
59,424 |
|||
|
Shipping and Packages |
32,260 |
31,635 |
7,252 |
7,060 |
|||
|
International |
1,446 |
1,571 |
289 |
321 |
|||
|
Periodicals |
912 |
923 |
2,748 |
2,993 |
|||
|
Other |
4,132 |
4,392 |
382 |
394 |
|||
|
Total operating revenue and volume |
$ 79,537 |
$ 78,186 |
112,489 |
116,174 |
|||
Selected Fiscal Years 2024 Results of Operations and Non-GAAP Measures
This news release includes controllable loss which is not calculated and presented in accordance with GAAP. This non-GAAP measure is calculated as net loss adjusted for costs outside of management’s control, including workers’ compensation expenses caused by actuarial revaluation and discount rate changes and the amortization of the Civil Service Retirement System (CSRS) and Federal Employee Retirement System (FERS) unfunded liabilities. These latter costs not only are largely outside of management’s control but also can fluctuate significantly based on actuarial assumptions and interest rates.
This non-GAAP measure provides meaningful information to assist users of the Postal Service’s financial statements to more fully understand the financial results and assess the Postal Service’s ongoing performance because it excludes items that may not be indicative of, or are unrelated to, underlying operations.
Non-GAAP financial measures should be considered in addition to, and not as an alternative for, the Postal Service’s reported results prepared in accordance with GAAP. This adjusted financial information does not represent a comprehensive basis of accounting.
The following table reconciles GAAP net loss to our non-GAAP financial measure for the years ended September 30, 2024 and 2023:
|
(results in $ millions) |
2024 |
2023 |
|
|
Net loss |
$ (9,520) |
$ (6,478) |
|
|
Workers’ compensation non-cash expense (benefit)1 |
2,164 |
(937) |
|
|
CSRS unfunded liability amortization expense2 |
3,245 |
3,015 |
|
|
FERS unfunded liability amortization expense3 |
2,286 |
2,141 |
|
|
Controllable loss |
$ (1,825) |
$ (2,259) |
|
1 |
Represents workers’ compensation non-cash expense (benefit) resulting from fluctuations in discount rates, changes in assumptions, valuation of new claims, revaluation of existing claims, and the administrative fee paid to the U.S. Department of Labor, less current year claim payments. |
|
2 |
Expense for the annual payments due September 30 of the respective year, calculated by the Office of Personnel Management (OPM), to amortize the unfunded CSRS retirement obligation. Payments are to be made through 2043 based on OPM invoices. |
|
3 |
Expense for the annual payments due September 30 of the respective year, calculated by OPM, to amortize the unfunded FERS retirement obligation. Payments are to be made over a 30-year rolling period based on OPM invoices. |
Financial results in the Form 10-K are available at http://about.usps.com/what/financials/.
Forward-Looking Statements
Forward-looking statements contained in this release represent the Postal Service’s best estimates of known and anticipated trends believed relevant to future operations. However, actual results may differ significantly from current estimates. Certain forward-looking statements included in this release use such words as “may,” “will,” “could,” “expect,” “believe,” “plan,” “estimate,” “project,” or other similar terminology. These forward-looking statements, which involve a number of risks and uncertainties, reflect current expectations regarding future events and operating performance as of the date of this report. The Postal Service has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
The United States Postal Service is an independent federal establishment, mandated to be self-financing and to serve every American community through the affordable, reliable and secure delivery of mail and packages to nearly 169 million addresses six and often seven days a week. Overseen by a bipartisan Board of Governors, the Postal Service is implementing a 10-year transformation plan, Delivering for America, to modernize the postal network, restore long-term financial sustainability, dramatically improve service across all mail and shipping categories, and maintain the organization as one of America’s most valued and trusted brands.
The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.
For USPS media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. Follow us on X, formerly known as Twitter; Instagram; Pinterest; Threads and LinkedIn. Subscribe to the USPS YouTube Channel and like us on Facebook. For more information about the Postal Service, visit usps.com and facts.usps.com.
Contact: Martha Johnson
martha.s.johnson@usps.gov
usps.com/news
View original content to download multimedia:https://www.prnewswire.com/news-releases/us-postal-service-reports-fiscal-year-2024-results-302306085.html
SOURCE U.S. Postal Service
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Price Over Earnings Overview: SPX Techs
In the current market session, SPX Techs Inc. SPXC share price is at $169.11, after a 0.93% spike. Moreover, over the past month, the stock decreased by 4.82%, but in the past year, went up by 87.94%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session.
Evaluating SPX Techs P/E in Comparison to Its Peers
The P/E ratio measures the current share price to the company’s EPS. It is used by long-term investors to analyze the company’s current performance against it’s past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.
Compared to the aggregate P/E ratio of 29.71 in the Machinery industry, SPX Techs Inc. has a higher P/E ratio of 44.56. Shareholders might be inclined to think that SPX Techs Inc. might perform better than its industry group. It’s also possible that the stock is overvalued.
In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company’s market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company’s financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Insider Transaction: Troy Little Sells $168K Worth Of Boise Cascade Shares
It was reported on November 13, that Troy Little, EVP at Boise Cascade BCC executed a significant insider sell, according to an SEC filing.
What Happened: Little opted to sell 1,192 shares of Boise Cascade, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction’s total worth stands at $168,590.
Boise Cascade shares are trading up 1.0% at $143.98 at the time of this writing on Thursday morning.
About Boise Cascade
Boise Cascade Co is a producer of engineered wood products (EWP) and plywood. The firm operates in two segments namely Wood Products and Building Materials Distribution. Wood Products segment manufactures EWP, consisting of laminated veneer lumber (LVL), I-joists, and laminated beams. The Building Materials Distribution segment is engaged in the wholesale of building materials. It distributes products such as plywood, OSB, and lumber items such as siding, doors, metal products, insulation, and roofing, EWP and others. The company generates a majority of its revenue from the Building Material Distribution segment.
Financial Insights: Boise Cascade
Revenue Growth: Boise Cascade’s revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -6.58%. This indicates a decrease in the company’s top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Evaluating Earnings Performance:
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Gross Margin: With a low gross margin of 19.72%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
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Earnings per Share (EPS): Boise Cascade’s EPS reflects a decline, falling below the industry average with a current EPS of 2.34.
Debt Management: Boise Cascade’s debt-to-equity ratio is below the industry average. With a ratio of 0.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Evaluating Valuation:
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Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 13.96 is lower than the industry average, indicating potential undervaluation for the stock.
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Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.83, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With an EV/EBITDA ratio lower than industry averages at 7.37, Boise Cascade could be considered undervalued.
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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Why Pay Attention to Insider Transactions
Insider transactions shouldn’t be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.
Within the legal framework, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
Unlocking the Meaning of Transaction Codes
Taking a closer look at transactions, investors often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Boise Cascade’s Insider Trades.
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