VANCOUVER, BC / ACCESSWIRE / January 30, 2017 / Iconic Minerals Ltd. (TSXV: ICM) (OTC PINK: BVTEF) (FSE: YQGB) (the “Company” or “Iconic”) is pleased to announce that it has received complete geochemical results from the sampling of drill cuttings (the “Samples”) taken from BC1602, the second test hole drilled at its Bonnie Claire project. Commencing at a depth of 820 feet (250 m) and continuing to the bottom of the hole at 1,990 feet (607 m) lithium values average 850 ppm. These highly anomalous results extend the mineralized zone discovered in hole BC1601. A map showing the location of both drill holes can be found on the Company’s website.

The Samples were collected in 20 foot (6.1 m) intervals, during the drilling of BC1602. This hole is located approximately 1.43 miles (2.30 km) southeast of BC1601. BC1601 contains an intercept of 1,180 feet (360 m) averaging 1,307 ppm lithium and +500 ppm lithium values begin within 20 feet (6 m) of the surface. BC1602 contains an intercept of 1,170 feet (357 m) averaging 850 ppm lithium with the highest lithium value in BC1602 of 1,790 ppm occurring at the bottom of the hole. The intercept in the second hole is deeper because of alluvial and beach sand cover. The identical geology and geophysical signatures of these two mineralized intercepts indicate that lithium bearing sediments occur continuously between the two drill holes.

The drill cuttings sampling of BC1601 was conducted by an independent geologist following QC guidelines and shipped to ALS Chemex in Reno, Nevada for analysis. ALS Chemex is an ISO registered and accredited laboratory.

Initial leach testing of the mineralized intercept from BC1602 is in progress and will be reported when received.

Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.

Iconic’s Bonnie Claire Lithium Property:

The Property is 23,100 acres located within a valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Quartz-rich volcanic rocks, that contain anomalous amounts of lithium, occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm, including lithium values up to 500 ppm which were performed by USGS (US Geological Surveys). The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 to 900 meters (2,000 to 3,000 feet). The current claim block covers the gravity low and the associated mud flats.

On behalf of the Board of Directors

SIGNED: “Richard Kern”
Richard Kern, President and CEO

Keturah Nathe, VP Corporate Development
Contact: (604) 718-2800 ext 312

For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company’s public documents may be accessed at www.sedar.com

Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Iconic Minerals Ltd.

ReleaseID: 453801

NEW YORK, NY / ACCESSWIRE / January 30, 2017 / Acme United Corporation (NYSE MKT: ACU), leaders in cutting technology and innovators of safety solutions, announced today that it will be presenting at the 2nd annual Disruptive Growth & Healthcare Conference on Thursday, February 16 at 11:15 AM EST in Track 2 – Murray Hill. Chairman and Chief Executive Officer Walter C. Johnsen will be presenting, as well as meeting with investors.

The 2017 Disruptive Growth & Healthcare Conference will offer the exclusive opportunity to discover growth companies with disruptive technologies and business models and life science companies focusing on solutions to unmet medical needs.

To view the audio webcast, please click here: http://www.investorcalendar.com/event/11173

News Compliments of Accesswire.

ACME UNITED CORPORATION is an innovative supplier of cutting devices, and safety products for school, home, office, hardware, and industrial use. Its leading brands include Westcott®, Clauss®, Camillus®, CUDA®, PhysiciansCare ®, Pac-Kit® DMT and First Aid Only®. For more information, visit www.acmeunited.com.

About Source Capital Group, Inc.

The Investment Banking Group at Source Capital offers a wealth of Wall Street experience to the underserved small cap company sector through its seasoned professionals. They have successfully funded both public and private companies with an emphasis on Structured Credit and unique equity capital markets transactions, creating tailor-made solutions to enhance their clients’ balance sheets. Source Capital Group began as an independent firm specializing in small to medium-sized investment banking transactions. Since 1992, it has grown into a full-service financial institution, while adhering to the highest standards of quality and integrity.

For those interested in attending, please contact Richard Kreger at rkreger@sourcegrp.com or visit www.DisruptNYC.com for more information.

Contact:

Paul G. Driscoll
Acme United Corporation
55 Walls Drive
Fairfield, CT 06824
203-254-6060

SOURCE: Acme United Corporation

ReleaseID: 453726

LONDON, UK / ACCESSWIRE / January 30, 2017 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas – Services industry. Companies recently under review include Precision Drilling, Trican Well Service, Horizon North Logistics, and Mullen Group. Get all of our free research reports by signing up at:

http://www.activewallst.com/register/

At the closing bell on Friday, January 27, 2017, the Toronto Exchange Composite index edged 0.25% lower to finish the trading session at 15,575.81 on a total volume of 305,915,919 shares exchanging hands for the day.

The Energy Index was also in the red, closing the day at 206.94, down 1.03%.

Active Wall St. has initiated research reports on the following equities: Precision Drilling Corporation (TSX: PD), Trican Well Service Ltd. (TSX: TCW), Horizon North Logistics Inc. (TSX: HNL), and Mullen Group Ltd (TSX: MTL). Register with us now for your free membership and research reports at:

http://www.activewallst.com/register/

Precision Drilling Corp.

Calgary, Canada headquartered Precision Drilling Corp.’s stock edged 0.91% lower, to finish Friday’s session at $7.63 with a total volume of 1.05 million shares traded. Over the last one month and the previous three months, Precision Drilling’s shares have gained 2.55% and 26.74%, respectively. Furthermore, the stock has surged 59.96% in the past one year. Shares of the Company, which provides oil and natural gas drilling and related services and products, are trading above its 50-day and 200-day moving averages. Precision Drilling’s 50-day moving average of $7.49 is above its 200-day moving average of $6.31. See our research report on PD.TO at:

http://www.activewallst.com/registration-3/?symbol=PD

Trican Well Service Ltd.

On Friday, shares in Calgary, Canada headquartered Trican Well Service Ltd recorded a trading volume of 803,595 shares. The stock ended the day 1.20% lower at $4.95. Trican Well Service’s stock has surged 9.03% in the last one month and 66.11% in the previous three months. Furthermore, the stock has rallied 192.90% in the past one year. Shares of the Company, which provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada, the US, Kazakhstan, Russia, Norway, Saudi Arabia, and Colombia, are trading above its 50-day and 200-day moving averages. The stock’s 50-day moving average of $4.77 is above its 200-day moving average of $3.21. The complimentary research report on TCW.TO at:

http://www.activewallst.com/registration-3/?symbol=TCW

Horizon North Logistics Inc.

On Friday, shares in Calgary, Canada headquartered Horizon North Logistics Inc. ended the session 2.74% lower at $2.13 with a total volume of 270,341 shares traded. Horizon North Logistics’ shares have gained 7.58% in the last one month, 13.30% in the previous three months, and 16.39% in the past one year. Shares of the Company, which provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions, are trading above its 50-day and 200-day moving averages. Further, the stock’s 50-day moving average of $2.02 is greater than its 200-day moving average of $1.84. Register for free and access the latest research report on HNL.TO at:

http://www.activewallst.com/registration-3/?symbol=HNL

Mullen Group Ltd.

Okotoks, Canada headquartered Mullen Group Ltd’s stock edged 0.57% lower, to close the day at $19.04. The stock recorded a trading volume of 122,636 shares. Mullen Group’s shares have gained 2.15% in the last three months and 26.76% in the past one year. The company’s shares are trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $19.58 is greater than its 200-day moving average of $17.57. Shares of the Company, which provides transportation and related services to the oil and natural gas industry in Western Canada, are trading at a PE ratio of 33.29. Get free access to your research report on MTL.TO at:

http://www.activewallst.com/registration-3/?symbol=MTL

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY:

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING:

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT:

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 453773

LONDON, UK / ACCESSWIRE / January 30, 2017 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Health Care Providers industry. Companies recently under review include Medical Facilities, Extendicare, and Centric Health. Get all of our free research reports by signing up at:

http://www.activewallst.com/register/

At the close of the Canadian markets on Friday, January 27, 2017, the Toronto Exchange Composite index ended the trading session at 15,575.81, 0.25% lower from its previous closing price.

The Healthcare Index was also in the red, closing the day at 69.04, down 0.33%.

Active Wall St. has initiated research reports on the following equities: Medical Facilities Corporation (TSX: DR), Extendicare Inc. (TSX: EXE), and Centric Health Corporation (TSX: CHH). Register with us now for your free membership and research reports at:

http://www.activewallst.com/register/

Medical Facilities Corp.

Toronto, Canada headquartered Medical Facilities Corp.’s stock edged 0.18% higher, to finish Friday’s session at $19.03 with a total volume of 74,348 shares traded. Over the last one month and the previous one year, Medical Facilities’ shares have gained 9.94% and 36.42%, respectively. Shares of the Company, which through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the US, are trading above its 50-day moving average. Medical Facilities’ 200-day moving average of $20.01 is above its 50-day moving average of $18.14. The complimentary research report on DR.TO at:

http://www.activewallst.com/registration-3/?symbol=DR

Extendicare Inc.

On Friday, shares in Markham, Canada-based Extendicare Inc. recorded a trading volume of 137,245 shares. The stock ended the day 0.29% lower at $10.34. Extendicare’s stock has advanced 4.66% in the last one month and 12.03% in the previous three months. Furthermore, the stock has gained 12.39% in the past one year. The Company is trading above its 50-day and 200-day moving averages. The stock’s 50-day moving average of $10.07 is above its 200-day moving average of $9.24. Shares of the Company, which provides senior care services in Canada, are trading at PE ratio of 47.43. Register for free and access the latest research report on EXE.TO at:

http://www.activewallst.com/registration-3/?symbol=EXE

Centric Health Corp.

On Friday, shares in Toronto, Canada headquartered Centric Health Corp. ended the session 1.47% higher at $0.69 with a total volume of 430,369 shares traded. Centric Health’s shares have surged 16.95% in the last one month, 60.47% in the previous three months, and 176.00% in the past one year. The stock is trading above its 50-day and 200-day moving averages. Further, the Company’s 50-day moving average of $0.62 is greater than its 200-day moving average of $0.43. Shares of Centric Health, which provides healthcare services to its patients and customers in Canada, are trading at a PE ratio of 2.14. Get free access to your research report on CHH.TO at:

http://www.activewallst.com/registration-3/?symbol=CHH

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY:

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING:

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT:

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com
Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 453772

LONDON, UK / ACCESSWIRE / January 30, 2017 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Engineering & Construction industry. Companies recently under review include SNC-Lavalin Group, WesternOne, WSP Global, and Badger Daylighting. Get all of our free research reports by signing up at:

http://www.activewallst.com/register/

On Friday, January 27, 2017, at the end of trading session, the Toronto Exchange Composite index ended the day at 15,575.81, 0.25% lower, on a total volume of 305,915,919 shares.

Additionally, the Industrials index was slightly up by 0.19%, ending the session at 208.01.

Active Wall St. has initiated research reports on the following equities: SNC-Lavalin Group Inc. (TSX: SNC), WesternOne Inc. (TSX: WEQ), WSP Global Inc. (TSX: WSP), and Badger Daylighting Ltd (TSX: BAD). Register with us now for your free membership and research reports at:

http://www.activewallst.com/register/

SNC-Lavalin Group Inc.

On Friday, shares in Montreal, Canada headquartered SNC-Lavalin Group Inc. recorded a trading volume of 183,773 shares. The stock ended the day 0.68% lower at $56.86. SNC-Lavalin Group’s stock has gained 4.73% in the last three months and 41.97% in the previous one year. The Company is trading above its 200-day moving average. The stock’s 50-day moving average of $57.48 is above its 200-day moving average of $55.56. Shares of the Company, which provides engineering and construction, and operations and maintenance services worldwide, are trading at PE ratio of 28.19. See our research report on SNC.TO at:

http://www.activewallst.com/registration-3/?symbol=SNC

WesternOne Inc.

Vancouver, Canada headquartered WesternOne Inc.’s stock finished Friday’s session flat at $1.30 with a total volume of 21,465 shares traded. Shares of the Company, which engages in the construction and infrastructure service businesses in Canada and the US, are trading below its 50-day and 200-day moving averages. WesternOne’s 200-day moving average of $2.04 is above its 50-day moving average of $1.37. The complimentary research report on WEQ.TO at:

http://www.activewallst.com/registration-3/?symbol=WEQ

WSP Global Inc.

Montreal, Canada headquartered WSP Global Inc.’s stock edged 0.06% lower, to close the day at $46.91. The stock recorded a trading volume of 159,474 shares. WSP Global’s shares have advanced 4.06% in the last one month and 7.62% in the past three months. Furthermore, the stock has gained 6.71% in the previous one year. The company’s shares are trading above their 50-day and 200-day moving averages. Moreover, the stock’s 50-day moving average of $45.30 is greater than its 200-day moving average of $44.15. Shares of the Company, which provides various professional services in the US, Canada, the UK, Sweden, Australia, China, South Africa, the United Arab Emirates, Qatar, Singapore, Finland, and internationally, are trading at a PE ratio of 24.01. Register for free and access the latest research report on WSP.TO at:

http://www.activewallst.com/registration-3/?symbol=WSP

Badger Daylighting Ltd.

On Friday, shares in Calgary, Canada headquartered Badger Daylighting Ltd ended the session 1.75% higher at $34.44 with a total volume of 259,960 shares traded. Badger Daylighting’s shares have gained 5.03% in the last one month, 15.57% in the previous three months, and 42.85% in the past one year. The stock is trading above its 50-day and 200-day moving averages. Furthermore, the Company’s 50-day moving average of $32.02 is greater than its 200-day moving average of $28.20. Shares of Badger Daylighting, which provides non-destructive excavating services in Canada and the US, are trading at a PE ratio of 30.53. Get free access to your research report on BAD.TO at:

http://www.activewallst.com/registration-3/?symbol=BAD

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY:

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING:

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT:

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com
Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 453771

OLD BRIDGE, NJ / ACCESSWIRE / January 30, 2017 / Blonder Tongue Laboratories, Inc. (NYSE MKT: BDR) announced that its 2017 Annual Meeting of Stockholders will be held at 10:00 a.m. on Tuesday, May 23, 2017, at the Company’s headquarters located at One Jake Brown Road, Old Bridge, New Jersey. Please note that only owners of record of the common stock of the Company at the close of business on March 31, 2017 will be entitled to notice of and to vote at the 2017 Annual Meeting or any adjournments or postponements thereof.

About Blonder Tongue

Blonder Tongue Laboratories, Inc. together with R. L. Drake Holdings, LLC – its wholly owned subsidiary – offer customers more than 130 years of combined engineering and manufacturing excellence with solid histories of delivering reliable, quality products. As a leader in the field of Cable Television Communications, the Company provides system operators and integrators serving the cable, broadcast, satellite, IPTV, institutional and professional video markets with comprehensive solutions for the provision of content contribution, distribution and video delivery to homes and businesses. The Company designs, manufactures, sells and supports an equipment portfolio of standard and high definition digital video solutions, as well as core analog video and high speed data solutions for distribution over coax, fiber and IP networks. Additional information on the Company and its products can be found at www.blondertongue.com, and www.rldrake.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes “forward-looking” statements and accordingly, the cautionary statements contained in Blonder Tongue’s Annual Report and Form 10-K for the year ended December 31, 2015 (See Item 1: Business, Item 1A: Risk Factors, Item 3: Legal Proceedings and Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. The words “believe”, “expect”, “anticipate”, “project”, “target”, “intend”, “plan”, “seek”, “estimate”, “endeavor”, “should”, “could”, “may” and similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to projections for our future financial performance, our anticipated growth trends in our business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date hereof. Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Blonder Tongue’s actual results may differ from the anticipated results or other expectations expressed in Blonder Tongue’s “forward-looking” statements.

Contacts

Eric Skolnik
Chief Financial Officer
eskolnik@blondertongue.com
(732) 679-4000

Robert J. Palle
Chief Executive Officer
bpalle@blondertongue.com
(732) 679-4000

SOURCE: Blonder Tongue Laboratories, Inc.

ReleaseID: 453742

Upcoming AWS Coverage on Motorola Solutions Post-Earnings Results

LONDON, UK / ACCESSWIRE / January 30, 2017 / Active Wall St. blog coverage looks at the headline from Harris Corp. (NYSE: HRS). Private Equity firm Veritas Capital announced on January 27, 2017, that it had signed an agreement with Harris Corp.’s Government IT services business. The transaction is between an affiliate of Veritas and Harris. The all-cash transaction is valued at $690 million and is expected to close in the second quarter of 2017, subject to regulatory approvals and closing conditions. Register with us now for your free membership and blog access at:

http://www.activewallst.com/register/

One of Harris’ competitors within the Communication Equipment space, Motorola Solutions, Inc. (NYSE: MSI), announced on January 23, 2017, that it will post its Q4 and full-year 2016 earnings results after the close of the market on Thursday, February 02, 2017. Motorola Solutions will conduct its quarterly conference call with financial analysts at 5 p.m. ET on the same day. AWS will be initiating a research report on Motorola Solutions in the coming days.

Today, AWS is promoting its blog coverage on HRS; touching on MSI. Get all of our free blog coverage and more by clicking on the links below:

http://www.activewallst.com/registration-3/?symbol=HRS

http://www.activewallst.com/registration-3/?symbol=MSI

Veritas Capital is a leading private equity firm that primarily invests in companies that provide technology or technology-enabled solutions, to government agencies. Its target industries include – Aerospace & Defense, Communications, Education, Energy, Government Services, Healthcare, National Security, and Technology.

Harris was established in 1890’s and is headquartered in Melbourne, Florida. It is a communications and information technology Company serving government and commercial markets in more than 150 countries. Harris has approximate annual revenue of $7.5 billion and over 21,000 employees worldwide.

Sharing his views on the acquisition, Ramzi Musallam, CEO and Managing Partner at Veritas said:

“We look forward to leveraging our extensive experience in the government services market to support the Company’s management team and highly skilled employees as they target new opportunities in both core and adjacent markets to grow the business.”

William M. Brown, Chairman, President and CEO of Harris added:

“These divestitures sharpen Harris’ focus on growing core franchises where technology is a key differentiator, providing compelling value to our customers.”

About Harris’ Government IT Services Business

Harris’s Government IT services business is headquartered in Hendon, Virginia and offers IT and engineering managed services to federal agencies in the Defense, Intelligence, and civilian arenas and operates within the Company’s Critical Networks vertical. Some of the agencies using the Company’s services include NASA’s Space Communications Network and Deep Space Network programs. Harris’ Air Traffic Management business is not a part of this divestment and will continue to be part of the Company. The Air Traffic Management Business which provides services the FAA (Federal Aviation Administration) will now operate under Harris’ Electronic Systems segment.

The Government IT services business is expected to have revenue of $1.07 billion in FY17.

Reasons for Harris’ divestures

The current divestment comes within a month of Harris completing the sale of its CapRock maritime communication business to SpeedCast International Limited for $425 million on January 03, 2017. The proceeds from these sales would be used for the Company’s corporate spending like restructuring, share buyback, etc.

Both the divestments are from Harris’ Critical Networks Vertical which offers managed services supporting air traffic management, energy, and maritime communications, and ground network operation and sustainment, as well as high-value IT and engineering services. With the sale of the maritime communication as well as the IT and engineered services businesses and the moving of the air traffic management to the Electronics Systems, the Critical Networks vertical will cease to exist. Post the divestment, Harris will now operate only three major business verticals – Electronic Systems, Communication Systems, and Space and Intelligence Systems.

The push to unlock shareholder value has been influenced after activist investor Barry Rosenstein’s hedge fund Jana Partners became one of Harris’ 10 largest shareholders in August 2016. Harris and Jana Partners entered a deal at the time to appoint two new directors to Harris’ Board. The role of the new Directors was to help Harris’ Board get maximum value for its shareholders.

Harris expects that these divestments would negatively impact its earnings for the current fiscal year ending in July and would decrease FY18 earnings by $0.10-$0.15 earnings per share.

Stock Performance

Last Friday, January 27, 2017, the stock closed the trading session at $102.53, climbing 1.28% from its previous closing price of $101.23. A total volume of 720.42 thousand shares have exchanged hands, which was higher than the 3-month average volume of 712.46 thousand shares. Harris’ stock price advanced 12.77% in the last three months, 19.77% in the past six months, and 23.78% in the previous twelve months. The stock is trading at a PE ratio of 36.19 and has a dividend yield of 2.07%. Additionally, the stock has a market capital of $12.74 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

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SOURCE: Active Wall Street

ReleaseID: 453783

Upcoming AWS Coverage on Arconic Post-Earnings Results

LONDON, UK / ACCESSWIRE / January 30, 2017 / Active Wall St. announces its post-earnings coverage on Alcoa Corp. (NYSE: AA). The Company announced its financial results for the fourth quarter and full year 2016 on January 24, 2017. In the first reporting period for the aluminium giant as a new, standalone, publicly traded Company, the adjusted numbers came in below market expectations, while sales topped estimates. Register with us now for your free membership at:

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One of Alcoa’s competitors within the Aluminum space, Arconic Inc. (NYSE: ARNC), announced on January 23, 2017, that it will release its Q4 2016 and full year 2016 financial results on Tuesday, January 31, 2017. AWS will be initiating a research report on Arconic in the coming days.

Today, AWS is promoting its earnings coverage on AA; touching on ARNC. Get our free coverage by signing up to:

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Earnings Reviewed

For the three months three ended on December 31, 2016, Alcoa reported revenue of $2.5 billion, up 9% sequentially, reflecting higher volume in the Company’s rolled products business, and higher alumina pricing. The Company’s sales number topped analysts’ expectations of $2.39 billion. Alcoa’s revenue in FY16 totaled $9.3 billion, down 17% from FY15, reflecting lower pricing and volumes in alumina and aluminum, and was slightly offset by higher third-party bauxite shipments.

For Q4 2016, Alcoa reported net loss of $125 million, or $0.68 per share, as a result of costs to streamline portfolio. The Company’s earnings results included $151 million of special items primarily related to the permanent closure of Suralco’s refinery and mines in Suriname and the impairment of Alcoa of Australia Limited’s (AofA) interests in a Western Australia (WA) gas field. For Q3 2016, Alcoa reported a net loss of $10 million, or $0.06 per share. Excluding special items, the Company’s adjusted net income was $26 million, or $0.14 per share, for the reported quarter, which was below analysts’ forecast of $0.22 per share.

For FY16, Alcoa reported a net loss of $400 million, or $2.19 per share, compared to net loss of $863 million, or $4.37 per share, for FY15. Excluding special items, the Company reported an adjusted net loss of $227 million, or $1.24 per share, for the year.

Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), excluding special items of $335 million, was up 18% sequentially on rising alumina pricing. Alcoa’s adjusted EBITDA excluding special items for FY16 was $1.1 billion compared to $1.8 billion in FY15, due to lower alumina and aluminum pricing during the first three quarters and incremental costs to operate the Warrick, Indiana rolling mill as a cold metal plant, but was partially offset by net productivity improvements.

Balance Sheet

As of December 31, 2016, Alcoa had $853 million cash balance and $1.4 billion of debt. Since launching as an independent Company on November 01, 2016, Alcoa has increased its cash position by $198 million and closed Q4 2016 with a cash balance of $853 million. In the reported quarter, the Company achieved a seasonal low of 13 days working capital. In FY16, Alcoa invested in return-seeking capital projects of $82 million, and controlled sustaining capital expenditures to $322 million. Return on capital in FY16 was 5.3%.

Outlook

For FY17, Alcoa is expecting relatively balanced global bauxite and alumina markets and a modest global aluminum surplus of 400 thousand to 800 thousand metric tons. Alcoa is projecting FY17 global aluminum demand growth of 4% over FY16. The Company is estimating pension and OPEB expense to be approximately $175 million for FY17, down from $200 million. Alcoa is projecting transformation costs to be approximately $150 million, plus additional cash from R&D expense remediation and ARO reserves in the range of $150 million to $170 million.

Alcoa is forecasting FY17 capital expenditures to be less than $300 million. The Company stated that it has18 projects totaling $385 million in growth spend. In FY17, it will start 11 of those 18 projects.

Stock Performance

At the closing bell, last Friday, January 27, 2017, Alcoa’s stock climbed 1.02%, ending the trading session at $36.67. A total volume of 3.62 million shares were traded at the end of the day. In the last month and previous three months, shares of the Company have rallied 23.68% and 75.31%, respectively. Moreover, the stock surged 30.59% since the start of the year. As per its last close, the Company’ stock has a market cap of $6.66 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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SOURCE: Active Wall Street

ReleaseID: 453780

Upcoming AWS Coverage on Edwards Lifesciences Post-Earnings Results

LONDON, UK / ACCESSWIRE / January 30, 2017 / Active Wall St. announces its post-earnings coverage on ResMed Inc. (NYSE: RMD). The Company disclosed its second quarter fiscal 2017 financial results on January 23, 2017. The developer of treatments for sleep-disorder breathing reported a top- and bottom-line beat. Register with us now for your free membership at:

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One of ResMed’s competitors within the Medical Appliances & Equipment space, Edwards Lifesciences Corp. (NYSE: EW), announced on January 17, 2017, its operating results for the quarter ended December 31, 2016, after the market closes on Wednesday, February 01, 2017, and will host a conference call at 5:00 p.m. ET that day to discuss those results. AWS will be initiating a research report on Edwards Lifesciences in the coming days.

Today, AWS is promoting its earnings coverage on RMD; touching on EW. Get our free coverage by signing up to:

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http://www.activewallst.com/registration-3/?symbol=EW

Earnings Reviewed:

For its quarter ended December 31, 2016, ResMed reported revenue of $530.4 million, a 17% increase compared to the same period of the prior year. Excluding the contribution from the Brightree business acquired in April 2016, the Company’s revenue for the reported quarter was $496.6 million, up by 9%. The reported figure surpassed analysts’ consensus estimates of $522 million.

ResMed’s gross margin in Q2 FY17 was 58.3%, which was higher than the prior year’s quarter gross margin of 58.1%. The improvement in gross margin was attributed to manufacturing and procurement efficiencies and an incremental contribution from the Brightree acquisition, partly offset by changes in product mix and declines in average selling prices. The Company’s income from operations for Q2 FY17 was $96.9 million, down 10% compared with the quarter ended December 31, 2015. Non-GAAP income from operations for the reported quarter was $131.6 million, a 13% increase on a y-o-y basis.

ResMed’s net income for Q2 FY17 totaled $76.7 million, down 20% compared to the same period last year. GAAP diluted earnings per share for the reported quarter decreased 21% to $0.54. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs was $103.3 million, up 1% on a y-o-y basis, while on per share basis it totaled $0.73 per share, consistent with the same period of the prior year. ResMed’s adjusted earnings figure topped Wall Street’s expectations of $0.70 per share.

Segment Results:

On a geographical basis, ResMed’s Q2 FY17 revenue in the Americas was $326.8 million, a 21% increase over the same period of the prior year. This included Brightree’s revenue of $33.8 million. Excluding Brightree, revenue in the Americas totaled $293.0 million, up 9% on a y-o-y basis. Revenue in combined EMEA and APAC was $203.6 million, an increase of 13% on a constant currency basis compared to the same period of the prior year.

Globally, in constant currency terms, ResMed’s device sales increased by 17% in Q2 FY17, while masks and other increased by 2% over the prior year comparable quarter. ResMed’s Americas device sales were $154.3 million, an increase of 13% on a y-o-y basis. Masks and other sales were $138.6 million, an increase of 4% over Q2 FY16. Device sales in combined EMEA and Asia/Pacific were $146.7 million, an increase of 21% on a constant currency basis compared to the same period of the prior year. Masks and other sales in the region were $57 million, down 7% over prior year’s corresponding quarter, or in constant currency terms, a decrease of 4%.

Balance Sheet & Cash Flow:

For Q2 FY17, ResMed generated operating cash flow of $119.9 million. The Company’s capital expenditure for the reported quarter was $14.7 million. Depreciation and amortization for Q2 FY17 totaled $27.7 million. As of December 31, 2016, ResMed had approximately $1.2 billion in gross debt and $318 million in net debt. The Company’s total assets as of December 31, 2016, were $3.3 billion and net equity was $1.7 billion. The ResMed’s board of directors declared a quarterly cash dividend of $0.33 per share. The dividend will have a record date of February 09, 2017, payable on March 16, 2017.

Stock Performance:

At the close of trading session on January 27, 2017, ResMed’s stock price slightly declined 0.37% to end the day at $68.14. A total volume of 682.40 thousand shares were exchanged during the session. The Company’s share price has gained 23.69% in the past twelve months and 9.81% on a YTD basis. The stock currently has a market cap of $9.59 billion. The Company’s shares are trading at a PE ratio of 27.71 and have a dividend yield of 1.94%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY:

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING:

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT:

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 453775

Upcoming AWS Coverage on IBERIABANK Post-Earnings Results

LONDON, UK / ACCESSWIRE / January 30, 2017 / Active Wall St. announces its post-earnings coverage on Regions Financial Corp. (NYSE: RF). The Company reported its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on January 20, 2017. The Birmingham, Alabama-based bank’s quarterly adjusted total revenue on tax-equivalent (TE) and net income from continuing operations available to common shareholders grew 2.1% and 2.2% y-o-y, respectively. Register with us now for your free membership at:

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One of Regions Financial’s competitors within the Regional – Southeast Banks space, IBERIABANK Corp. (NASDAQ: IBKC), reported its Q4 2016 results on Thursday, January 26, 2017. AWS will be initiating a research report on IBERIABANK in the coming days.

Today, AWS is promoting its earnings coverage on RF; touching on IBKC. Get our free coverage by signing up to:

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Earnings Reviewed

In Q4 FY16, Regions Financial reported total revenue (TE) of $1.40 billion, up 1.9% from $1.37 billion in the prior year’s same quarter. The Company adjusted total revenue (TE) for Q4 FY15 came in at $1.39 billion, which was above $1.36 billion recorded in Q4 FY15. The Company’s quarterly adjusted total revenue (TE) was in-line with market consensus estimates.

The Company’s Q4 FY16 net interest income, on fully taxable equivalent (FTE) basis, was $874 million, up 2.1% from $856 million in the prior-year’s same quarter. Furthermore, adjusted non-interest income grew 2.0% to $512 million in Q4 FY16 from $502 million in the previous year. The Company attributed the growth in non-interest income growth to mortgage income, service charges and card & ATM income offset by lower net revenue from affordable housing investments. Additionally, net interest margin (on a FTE basis) grew eight basis points y-o-y to 3.16% in Q4 FY16 from 3.08% in Q4 FY15.

The consumer and commercial banking services provider’s net income from continuing operations available to common shareholders for Q4 FY16 came in at $278 million, or $0.23 per diluted share, up from $272 million, or $0.21 per diluted share, in Q4 FY15. Further, net income numbers for Q4 FY16 beat market consensus estimates of $0.22 per diluted share.

For full-year FY16, Regions Financial’s adjusted total revenue (TE) came in at $5.57 billion compared to $5.33 billion in the previous year. The Company’s net income from continuing operations available to common shareholders stood at $1.09 billion, or $0.87 per diluted share, versus $1.01 billion, or $0.76 per diluted share in FY15.

Performance Metrics

Regions Financial’s average total loans balance stood at $80.59 billion in Q4 FY16 compared to $80.76 billion in Q4 FY15. Average total deposits for the reported quarter came in at $98.50 billion, up 1.0% y-o-y from $97.49 million in Q4 FY15. Furthermore, net charge-offs increased 6%, during the quarter and represented 0.41% of average loans compared to 0.38% in the previous year comparable quarter.

The company’s non-GAAP return on average tangible common stockholders’ equity stood at 9.96% as on December 31, 2016, compared to 9.61% as on December 31, 2015. Additionally, non-GAAP tangible common book value per share came in at $8.95 as on December 31, 2016, up from $8.52 per share as on December 31, 2015. For the year ended December 31, 2016, adjusted GAAP operating leverage came in at 2.6%.

As on December 31, 2016, the Company’s Basel III common equity Tier 1 ratio stood at 11.1% versus 10.9% as on December 31, 2015. The Company’s tier 1 capital ratio was 11.9% as on December 31, 2016, compared to 11.7% in the year ago date. The bank’s non-performing assets (excluding loans 90 days past due) as a percentage of loans, foreclosed properties and non-performing loans held for sale rose 24 basis points from 1.37% in the prior-year’s comparable quarter to 1.13% in Q4 FY16. Additionally, the Company’s loan-to-deposit ratio at the end of the quarter stood at 81%.

Share Repurchase

The Company informed Wall Street that it had returned $1.2 billion to shareholders through the combination of share repurchases and dividends to common shareholders.

Outlook

In its guidance for full year FY17, the Company expects low single digits growth in average loan and average deposits. Net interest income and other financing income are forecasted to rise by 2% to 4%, while adjusted non-interest income growth is anticipated to be in the range of 3% to 5% in FY17. Additionally, adjusted operating leverage for FY16 is projected to be between 2% and 4%, whereas net charge-offs is expected to be in the range of 35 bps to 50 bps.

Stock Performance

Last Friday, January 27, 2017, the stock closed the trading session at $14.54, declining 1.09% from its previous closing price of $14.70. A total volume of 9.36 million shares have exchanged hands. Regions Financial’s stock price surged 35.88% in the last three months, 60.52% in the past six months, and 86.17% in the previous twelve months. The stock is trading at a PE ratio of 17.09 and has a dividend yield of 1.79%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 453792