Latest news for Praetorian Property (OTC:PRRE) Stock

Praetorian Property Inc is active in the real estate sector. It is engaged in the business of acquiring a portfolio of distressed properties in certain strategic areas at deep discounts, rehabilitating these properties and selling or leasing them for the quickest and highest return possible. The company focuses on catering to the real estate needs of the regulated cannabis industry, in states and other locations.

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PRAETORIAN PROPERTY INC by Praetorian Property, Inc.

Praetorian Property Inc

United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) reported fourth-quarter earnings after the market closed on Tuesday. The following are the comments from different analysts regarding the company&#8217;s report.
Goldman Sachs analyst Catherine O'Brien maintained a $125 price forecast on the stock, based on a normalized EBITDAR valuation methodology applying a 4.9x EV/EBITDAR multiple to a normalized EBITDAR estimate of $12.8 billion.
United reported an <a href="https://www.benzinga.com/general/travel/25/01/43114961/united-airlines-q4-earnings-revenue-eps-beat-estimates-as-demand-trends-continue-to-accelerate">adjusted EPS of $3.26 for the December quarter</a>, surpassing both FactSet consensus ($3.03) and its own guidance range ($2.50 to $3).
This outperformance was driven by stronger-than-expected revenue, with unit revenue (RASM) rising 1.6%, ahead of the expected 0.2%. The company also set its 2025 EPS guidance at $11.50 to $13.50, slightly below the consensus estimate of $12.78.
According to the analyst, investor focus was expected to be on the revenue assumptions behind the 2025 EPS guidance, as year-over-year comparisons would be easier later in the year than in the March quarter.
Raymond James analyst Savanthi Syth reiterated an Outperform rating on the air carrier&#8217;s shares.
Like Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), United&#8217;s fourth-quarter 2024 earnings and first-quarter 2025 guidance exceeded expectations, though the latter followed a significant rise in fuel prices, said the analyst.
Importantly, year-over-year RASM for international routes was positive in the fourth-quarter 2024 and United anticipated domestic year-over-year RASM to turn notably positive in first-quarter 2025, alongside continued growth in international RASM, noted the analyst.
The 2025 EPS forecast of $11.50-$13.50 compared to analyst&#8217;s and consensus projections of $12 and $12.80, respectively, aligning with buy-side expectations of $12-$14 before the recent fuel price hike.
Bank of America analyst Andrew Didora maintained a Buy rating on the shares and said United&#8217;s fourth-quarter FY24 EPS of $3.26, exceeded its guidance of $2.50-$3 and the consensus estimate of $3.04, though slightly under the analyst&#8217;s forecast of $3.34 due to higher fuel and unit costs.
Despite a nearly 8% increase in fuel prices, year-to-date concerns that United might guide below consensus were alleviated by strong revenue trends, noted the analyst.
The analyst considered United&#8217;s 2025 EPS guidance of $11.50-$13.50 to be quite reasonable, compared to the Street's estimate of $12.77.
The analyst believed the company&#8217;s current outlook reflected a balanced approach to both jet fuel costs and revenue trends and anticipated consensus estimates would rise following this outlook.
The growth in premium revenue, recovery in corporate travel and robust transatlantic sales contributed to a 7.8% increase in total fourth quarter 2024 revenue, said the analyst.
UAL Price Action: United shares are trading down by 1.03% at $109.38 at publication Wednesday.

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United Airlines Analysts Remain Bullish As Revenue Exceeds Estimates

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Rigel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIGL#NASDAQ">RIGL</a>) with a Buy and maintains $57 price target.

RIGL

HC Wainwright & Co. Reiterates Buy on Rigel Pharmaceuticals, Maintains $57 Price Target

Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading lower on Wednesday.</a>
Goldman Sachs analyst Neil Mehta reiterated the Buy rating on the stock, <a target="_blank" href="https://www.benzinga.com/quote/HAL/analyst-ratings" rel="noreferrer noopener">with a price forecast of $36.</a>
Halliburton reported a fourth-quarter revenue decline of 2.3% year-over-year to $5.610 billion, <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43131221/halliburton-faces-mixed-q4-with-north-american-weakness-but-global-gains-and-cash-flow-bolster-optimism" rel="noreferrer noopener">missing the consensus of $5.63 billion</a>. Completion and Production revenue fell 4.2% YoY to $3.2 billion, with $629 million operating income.
The analyst noted that softer revenue was mainly due to a decline in Completion and Production, partially offset by Drilling and Evaluation. North America revenue was 7% below the analyst&#8217;s estimate, while international revenue was 3% higher.
Also Read:<a target="_blank" href="https://www.benzinga.com/25/01/43126103/oracles-ai-moonshot-why-project-stargate-could-propel-orcl-stock-higher" rel="noreferrer noopener"> Oracle&#8217;s AI Moonshot: Why Project Stargate Could Propel ORCL Stock Higher</a>
Mehta writes, free cash flow for the quarter was $1.104 billion, surpassing the analyst&#8217;s estimate of $930 million and consensus of $1.045 billion. This beat was attributed to better working capital and lower capital expenditures ($426 million vs the analyst estimate of $454 million).
During the quarter, the company repurchased approximately $309 million in common stock, in line with the analsyst&#8217;s estimate of $310 million.
The analyst is uncertain about 2025 revenue growth by region and is seeking clarity on expectations for activity in the international market, particularly in the Middle East.
Mehta has questions on how investors should view long-term margin expansion, especially in a flat activity environment.
Additionally, the analyst is ambiguous about Halliburton&#8217;s future participation in the power space, including its partnership with VoltaGrid. Finally, there is uncertainty around how capital returns in 2025 should be approached, the analyst highlights.
Price Action: HAL shares are trading lower by 1.51% to $29.09 at last check Wednesday.
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Halliburton's Soft Revenue Lags Estimates, Goldman Sachs Analyst Seeks Clarity On 2025 Activities

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