New York, New York, June 11, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a unitranche facility supporting National Carwash Solutions (“NCS”), a portfolio company of Berkshire Partners (“Berkshire”). NCS is a leading provider of car wash equipment, supplies and services to operators across North America. OHA provided half of the over one billion dollar total financing facility, consisting of a unitranche term loan, delayed draw term loan and re ...

The New York Times Company (NYT) has successfully transitioned from a traditional print newspaper to a leading digital media organization. This shift has been underpinned by a strategic focus on high-quality journalism and a robust subscription model. The company's unwavering focus on diversifying revenue streams, optimizing costs and streamlining operations has been instrumental in its thriving performance.At the end of the first quarter of 2024, NYT boasts more than 10 million digital subscribers. This su ...

Core Viewpoint - Clean Energy Special Situations Corp. has signed a non-binding letter-of-intent for a business combination with a leading high growth iGaming technology platform, aiming to leverage the growing global iGaming market [1][2]. Group 1: Company Overview - Clean Energy Special Situations Corp. is a publicly traded special purpose acquisition company (SPAC) formed to effect mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations [4]. - The Target is a leader in providing B2B iGaming technology platforms and solutions to global gaming operators, focusing on organic growth and acquisitions as more countries regulate iGaming [1][2]. Group 2: Financial Performance - The Target recorded unaudited revenues exceeding 70 million euros in 2023 and anticipates significant growth in 2024 and 2025 [1]. Group 3: Transaction Details - Under the terms of the LOI, the Target's existing equity holders will roll 100% of their equity into the combined public company [2]. - The completion of the business combination is subject to due diligence, negotiation of a definitive agreement, and approval from the boards and stockholders of both companies [3].

A month has gone by since the last earnings report for New York Times Co. (NYT) . Shares have added about 6.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is New York Times due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. NY Times Q1 Earnings Beat Estimates, Reven ...

New York, New York--(Newsfile Corp. - June 3, 2024) - Berenson Acquisition Corp. I (NYSE American: BACA) (the "Company") announced today that, as previously disclosed in its annual report on Form 10-K for the fiscal year ended December 31, 2023, which was filed on May 31, 2024 with the U.S. Securities and Exchange Commission, the audited financial statements contained an audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company's abil ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Gro ...

The New York Times Company (NYT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, NYT's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving ave ...

Core Viewpoint - New York Times Co. (NYT) is currently rated as a 1 (Strong Buy) stock with a Momentum Style Score of A, indicating strong potential for short-term price increases [2][6]. Momentum Investing - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher [1]. - The Zacks Momentum Style Score helps identify stocks with strong momentum characteristics [1]. Price Performance - NYT shares have increased by 6.53% over the past week, outperforming the Zacks Publishing - Newspapers industry, which rose by 1.89% [3]. - Over the past month, NYT's stock price has risen by 13.11%, compared to the industry's 5.79% [3]. - In the last quarter, NYT shares rose by 9.47%, and over the past year, they increased by 30.81%, while the S&P 500 saw gains of 4.25% and 27.92%, respectively [4]. Trading Volume - NYT's average 20-day trading volume is 1,244,207 shares, which serves as a bullish indicator when combined with rising stock prices [4]. Earnings Estimates - In the past two months, two earnings estimates for NYT have been revised upwards, increasing the consensus estimate from $1.64 to $1.77 for the full year [5]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [5].

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging. The Zacks Growth Style Score system aids in pinpointing promising growth stocks, with New York Times Co. (NYT) currently recommended due to its favorable Growth Score and top Zacks Rank [1][6]. Earnings Growth - New York Times has a historical EPS growth rate of 14.3%, with projected EPS growth of 5.2% for the current year, significantly outperforming the industry average of -6.3% [3]. Asset Utilization Ratio - The company's asset utilization ratio stands at 0.95, indicating it generates $0.95 in sales for every dollar in assets, surpassing the industry average of 0.93. Additionally, sales are expected to grow by 5.7% this year, compared to the industry average of 0% [4]. Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for New York Times, with the Zacks Consensus Estimate for the current year increasing by 4.6% over the past month [5]. Overall Positioning - With a Zacks Rank of 2 and a Growth Score of B, New York Times is well-positioned for potential outperformance, making it an attractive option for growth investors [6][7].

Investors might want to bet on New York Times Co. (NYT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Ind ...