Latest news with #Hotchkiss
Yahoo
27-03-2025
- Business
- Yahoo
Waystar's Modest FY25 Outlook Faces Growth Challenges: Goldman Sachs Analyst Weighs In
Goldman Sachs analyst Adam Hotchkiss reiterated the Buy rating on Waystar Holding Corp. (NASDAQ:WAY), with a price forecast of $52. The analyst highlights that despite strong performance in 2024, the company's stock has fallen 14% since its fourth-quarter earnings release, compared to a 6% drop in the S&P 500. The decline reflects investor concerns over a modest increase in FY25 revenue guidance, which suggests a growth slowdown year over year, adds the analyst. Also, Hotchkiss is concerned about the longevity of FY24 tailwinds, such as benefits from Change Healthcare and patient payments, as well as Waystar's potential to exceed expectations in the coming year. The analyst notes multiple expansion will depend on the scale of potential quarterly beat-and-raise trends in FY25, along with stronger cash flow generation and deleveraging as the company continues to reduce its net interest burden. In a bull scenario, the analyst anticipates low double-digit growth in FY25, exceeding management's ~7% guidance, with modest acceleration in FY26 driven by strong RFP activity from hospitals and health systems. Key factors include stable gross retention, elevated healthcare utilization, and strong cross/upsell momentum, adds the analyst. Hotchkiss says the new customer acquisitions could reach the top-end of estimates if Waystar capitalizes on high RFP volumes and expects margin expansion to remain limited due to patient payments revenue and an already lean cost structure. Price Action: WAY shares are up 0.18% at $39.06 at the last check Tuesday. Read Next:Image via Shutterstock. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Waystar's Modest FY25 Outlook Faces Growth Challenges: Goldman Sachs Analyst Weighs In originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
24-02-2025
- Yahoo
Good Cause Eviction training sessions to be held this week
BINGHAMTON, N.Y. (WIVT/WBGH) – Binghamton City Council is looking to educate the community on its newly passed legislation. After months of meetings, hearing both positive feedback and push back, Binghamton City Council unanimously passed the Good Cause Eviction Law on February 12. City Council says Good Cause Eviction will prohibit landlords from making unwarranted evictions, prevent rent hikes, and hold bad landlords accountable. As part of City Council's commitment to supporting both tenants and landlords in navigating the implementation of the law, CNY Fair Housing will host training sessions later this week. The sessions will include information about the legislation's expanded protections and protocol requirements. From Councilmember Nate Hotchkiss introduced the local law late last year. Good Cause Eviction passes through Binghamton City Council 'While we look forward to the positive impact Good Cause Eviction law will have on housing stability for local residents, we recognize that even good change can come with challenges. This week's training is just the first among several opportunities being coordinated to make ongoing education and legal expertise available to those impacted by the anticipated adoption,' said Hotchkiss. The Fair Housing training for Landlords will be held on Thursday from 10 to 11:30 a.m. in the Ahearn Room at the Broome County Public Library. The Fair Housing training for Service Providers and Tenants will also be held in the Ahearn Room on Thursday, taking place from 2 to 3:30. Big Lots in Vestal closing, hosting inventory sale Delaware County man accused of child sex abuse Good Cause Eviction training sessions to be held this week Tickets for annual 'Meet the Ponies' event on sale now Philharmonic honors America with latest Pops performance Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
20-02-2025
- Yahoo
Three arrested following Slidell drug investigation
SLIDELL, La. (WGNO) — Three people were arrested after a drug investigation in the Slidell area. The St. Tammany Parish Sheriff's Office reported that detectives launched an investigation after receiving a report of drugs allegedly being kept inside a car in Slidell. New Orleans police declare SWAT roll in Algiers On Jan. 16. STPSO detectives searched 36-year-old Joleen Mack's car in Slidell, where they allegedly found 1.8 pounds of methamphetamine, 131 grams of gray fentanyl powder, 38 grams of pink fentanyl powder, 59 grams of purple fentanyl powder, 45 grams of powder cocaine, 10 grams of crack cocaine, 183 ecstasy (MDMA) pills of varying shapes, sizes and colors, 394 Alprazolam (Xanax) pills, 12 counterfeit prescription pills containing fentanyl, 27 Adderall pills, 629 grams of marijuana, a semi-automatic pistol and drug paraphernalia. During the investigation, detectives said they identified 66-year-old Gregory Schmidt and 56-year-old Samuel Hotchkiss as 'being players in this illegal drug operation.' Schmidt and Hotchkiss were arrested on Jan. 27. On Feb. 14, STPSO deputies said the U.S. Marshals Service and the Lafourche Parish Sheriff's Office arrested Mack in Thibodaux. Schmidt, Hotchkiss and Mack each face the following charges: Attempted possession with the intent to distribute Schedule II (meth) Attempted possession with the intent to distribute Schedule II (cocaine) Four counts of attempted possession with the intent to distribute Schedule II (fentanyl) Attempted possession with the intent to distribute Schedule II (crack cocaine) Three counts of attempted possession with the intent to distribute Schedule I (MDMA) Attempted possession with the intent to distribute Schedule IV (Xanax) Attempted possession with the intent to distribute Schedule II (Adderall) Attempted possession with the intent to distribute Schedule I (marijuana) Attempted possession of drug paraphernalia Attempted carrying of a weapon in the presence of a controlled dangerous substance2 students arrested for allegedly plotting 'mass casualty attack' at Houston school, FBI says Officials investigating bomb threat at Kennedy Center, police say Trader Joe's recalls frozen item that 'may contain' plastic, removes product from shelves Three arrested following Slidell drug investigation Saints reportedly hire Doug Nussmeier to be new offensive coordinator Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
28-01-2025
- Politics
- Yahoo
City Council voting on Good Cause Eviction Law on Wednesday
BINGHAMTON, N.Y. (WIVT/WBGH) – After introducing the controversial legislature just over a month ago, the Binghamton City Council will vote on the Good Cause Eviction Law during Wednesday's meeting. The City Council announced on Tuesday that voting is on this week's Business Meeting agenda. In a statement, the council thanked the public for their questions, comments, and support, maintaining its belief that local government should be transparent and participatory. City Council also reiterated that its decision to move Good Cause Eviction Law forward is a reflection of the current housing crisis which its members believe warrants urgent action. In December, Councilman Nate Hotchkiss submitted the bill which establishes Good Cause Eviction Protections, limiting the circumstances under which landlords in Binghamton can evict tenants. New York State passed a law in 2024 allowing municipalities to opt into the protections which give renters the right to renew their leases when they expire and limits the amount of rent increases unless they can be justified. Public reactions to Good Cause Eviction at Binghamton town hall After proposing the bill, Hotchkiss said that 59% of Binghamton renters are cost burdened meaning they spend more than 30% of their monthly income on housing. 38% pay more than half of their income. The vote was originally scheduled for December 18 but was postponed after the council faced pushback from the public as well as local leaders including Mayor Jared Kraham. The Binghamton City Council issued the following statement on Tuesday: Proposal of Good Cause Eviction sparks controversy 'After extensive consideration, Binghamton City Council members would like to notify the public that Good Cause Eviction law will be on the Business Meeting agenda to be voted on tomorrow night. We are deeply grateful to everyone who participated in our Town Hall earlier this month and for the many who sent comments and questions or joined us at neighborhood association meetings for further conversation. It remains the firm belief of this Council that local government should be transparent and participatory. We will continue to host opportunities for community members most affected by legislation being considered in City Hall to share their support or express their concerns. We also appreciate the legislators in Rochester, Ithaca, Albany and elsewhere who were willing to offer insight into the impact of Good Cause in their cities and make recommendations regarding its implementation. With 12 municipalities across the state having already expanded tenant protections in this way, we look forward to collaborating and learning from our collective experience. To directly address inquiries consistently brought up in community conversations, we want to be clear that Good Cause Eviction law does not remove the right of landlords to reobtain possession of their properties or to increase rent within a reasonable margin. The rights of landlords to consider evictions for nonpayment, property damage, or other lease violations remain unaffected while protections that prohibit arbitrary eviction or exorbitant rate hikes are ensured. This Council's decision to move Good Cause Eviction law forward is a reflection of our conviction that what has become a housing crisis for too many Binghamton residents warrants urgent action. Study after study has found that chronic displacement within the City has contributed to increases in student mobility, household and neighborhood instability, and homelessness. Municipal leadership has been 'forming committees' and commissions and task forces to discuss local housing inequities for over a decade yet more than 1200 individuals and over 700 families with children faced homelessness in Broome County last year. 'Pressing pause' or 'putting a pin' in this conversation is the kind of inaction that got us here. It will not get us out. This Council also fully acknowledges that reducing displacement is only one piece of an effective approach. Aggressively addressing the deficits in available homes for residents who have been left behind while student and luxury housing development soared remains our long-term focus. In addition to prevention, we will continue to introduce policies to preserve existing stock and produce more deeply affordable housing. Thank you for trusting us to prioritize expanding opportunities for every Binghamton resident to have a safe, stable place to call home.' Debate continues over Binghamton's Good Cause Eviction proposal Good Cause Eviction was first implemented in New York City and has recently been passed in 12 municipalities across the state including Rochester, Albany, and Ithaca. New York State Police identify human remains found near Chemung River Trial continues for alleged Jeffrey Aissa killer City Council voting on Good Cause Eviction Law on Wednesday No school Wednesday? Here's why public schools are off across New York State Binghamton begins demolition of former Anzaroot properties Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
