Upcoming AWS Coverage on Workday Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 27, 2017 / Active Wall St. announces its post-earnings coverage on the Rubicon Project, Inc. (NYSE: RUBI). The Company posted its financial results for its fourth quarter and fiscal year 2016 on March 14, 2017. The digital ad exchange operator announced a change of CEO. Register with us now for your free membership at:

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One of the Rubicon Project’s competitors within the Application Software space, Workday, Inc. (NYSE: WDAY), reported on February 27, 2017, its results for the fourth quarter and fiscal year ended January 31, 2017. AWS will be initiating a research report on Workday in the coming days.

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

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

Earnings Reviewed

For the quarter ended December 31, 2016, Rubicon reported revenue of $72.7 million compared to $94.0 million for Q4 2015. The Company’s non-GAAP net revenue was $66.9 million for the reported quarter compared to $83.7 million for the year ago same period. The Company’s revenue numbers exceeded analysts’ consensus of $63.6 million. For FY16, Rubicon’s revenue was $278.2 million compared to $248.5 million for FY15. The Company’s non-GAAP net revenue totaled $256.1 million compared to $227.3 million for 2015.

For Q4 2016, Rubicon’s advertising spending was $277.1 million, down 18% on a y-o-y basis. The decline in advertising spending was driven primarily by a continued decrease in desktop, which fell 23% year-over-year to $178.2 million. For the full year 2016, the Company generated over $1 billion in advertising spending.

For Q4 2016, Rubicon’s adjusted EBITDA was $21.7 million compared to adjusted EBITDA of $36.0 million for Q4 2015. The Company’s adjusted EBITDA totaled $70.9 million for FY16 which compared to $59.5 million for FY15.

For Q4 2016, Rubicon’s net loss was $21.2 million, or $0.44 diluted loss per share, compared to net income of $20.4 million, or diluted income per share of $0.43, for Q4 2015. The reported quarter net loss included charges impairment of intangible assets expense of $23.5 million and restructuring and other exits costs of $3.3 million. The Company’s non-GAAP earnings per share were $0.37 for the reported quarter compared to $0.74 for the prior year’s same quarter. The Company’s earnings numbers comfortably surpassed Wall Street’s estimates of $0.15 per share.

For FY16, Rubicon’s net loss totaled $18.1 million, or $0.39 diluted loss per share, compared to net income of $0.4 million, or diluted income per share of $0.01, for FY15. Included in GAAP net income for 2016 were impairment of intangible assets expense of $23.5 million and restructuring and other exits costs of $3.3 million. The Company’s non-GAAP earnings per share were $1.07 for 2016 compared to $0.98 for 2015.

Balance Sheet

Rubicon ended 2016 with $190.0 million in cash and marketable securities, down $3.2 million from September 30, 2016. Capital expenditures, including purchases of property and equipment, as well as capitalized internal use software development costs, were $14.5 million for Q4 2016 and $33.4 million for the full year 2016. The Company’s free cash flow was a negative $3.2 million during the reported quarter and a positive $26.7 million during the full-year 2016.

Change at its Helm

On March 14, 2017, in a separate press release Rubicon announced that Michael Barrett will be joining the Company this week as Chief Executive Officer. Frank Addante will continue with the Company as Founder and Chairman focused on Rubicon Project’s vision, strategy, and thought leadership for the future.

Michael Barrett was previously the CEO of Millennial Media, the leading independent mobile marketplace, which was acquired by AOL/Verizon, and is a seasoned media executive who brings both a proven leadership and a deep knowledge of the advertising and digital media space to Rubicon Project. Michael has had a long career in advertising and media, having served as Chief Revenue Officer at AOL and Fox among other executive leadership roles.

Outlook

For Q1 2017, Rubicon is forecasting GAAP revenue in the range of $41 million and $45 million, non-GAAP net revenue to be between $41 million and $44 million, adjusted EBITDA to be between negative $6 million and negative $4 million. The Company expects non-GAAP EPS to be between negative $0.26 and negative $0.22 per share, based on approximately $48 million forecasted weighted average shares and roughly $6 million in CapEx spend.

Stock Performance

At the close of trading session on Friday, March 24, 2017, the Rubicon Project’s stock price rose 1.09% to end the day at $5.58. A total volume of 1.64 million shares were exchanged during the session, which was above the 3-month average volume of 906.76 thousand shares. Additionally, the stock currently has a market cap of $272.92 million.

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: 458206

Upcoming AWS Coverage on Altra Industrial Motion Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 27, 2017 / Active Wall St. blog coverage looks at the headline from Emerson Electric Co. (NYSE: EMR) as the Company announced on March 24, 2017, that it has opened an advanced additive manufacturing center at its Singapore campus. This is Emerson’s second location to have additive manufacturing capabilities, after the Company started its additive technology center in Marshalltown, Iowa 3 year ago. The additive manufacturing program allows engineers to create 3D objects from a digital model. Register with us now for your free membership and blog access at:

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One of Emerson Electric’s competitors within the Industrial Electrical Equipment space, Altra Industrial Motion Corp. (NASDAQ: AIMC), reported on February 27, 2017, its unaudited financial results for the fourth quarter and year-ended December 31, 2016. AWS will be initiating a research report on Altra Industrial Motion in the coming days.

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

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

What is Additive manufacturing?

Additive manufacturing enables Emerson engineers to expand their thinking beyond the limits of standard manufacturing processes to develop cutting edge solutions to meet more demanding and stringent processes. Additive manufacturing also significantly accelerates the testing of multiple versions of a prototype product or part, and promises to greatly simplify the production supply chain. Through this center, Emerson will be using additive manufacturing technologies to produce special customized and application-specific parts and products which are impossible with traditional technology.

Choosing Singapore

Emerson stated that it selected Singapore as additive manufacturing center because of its strong manufacturing ecosystem, favorable business climate, excellent transportation linkages, an educated workforce and good universities, and robust intellectual property protections. Singapore has been the Asia/Pacific headquarters and a high-value manufacturing and technology hub for Emerson Automation Solutions since 1965. Together, the Marshalltown and Singapore centers are actively working on research and development and pilot production services for all Emerson businesses around the world.

“This Singapore center, along with our Marshalltown center, will play a key role in helping Emerson move quickly to leverage the benefits of additive manufacturing to meet our customers’ needs in Asia/Pacific and around the world,” said David Farr, chairman and CEO of Emerson, “We greatly appreciate the support of the Singapore Economic Development Board (EDB), which has been a great partner and gave us the confidence to make the investment here.”

In conjunction with the launch of its additive manufacturing center in Singapore, Emerson announced that it has entered into a five-year research collaboration agreement with Nanyang Technological University (NTU) in Singapore, a world-leading research-intensive university. Postgraduate students from NTU will be able to get real-world training in additive manufacturing at the Emerson center and carry out product research projects.

Mr. Lim Kok Kiang, assistant managing director of the Singapore EDB, said:

“We are pleased to partner with Emerson in the opening of its new additive manufacturing center, which will help enhance Singapore’s standing as an internationally recognized hub for high-tech manufacturing excellence. This global center will not only raise our international competitiveness, but also contribute towards the grooming of skilled Singaporean talent in the area of advanced manufacturing.”

Stock Performance

At the close of trading session on Friday, March 24, 2017, Emerson Electric’s share price finished last Friday’s trading session at $58.57, slightly sliding 0.71%. A total volume of 3.16 million shares exchanged hands. The stock has advanced 12.84% and 11.50% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 5.85%. The stock is trading at a PE ratio of 22.89 and has a dividend yield of 3.28%.

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

SOURCE: Active Wall Street

ReleaseID: 458214

Upcoming AWS Coverage on Aerie Pharmaceuticals Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 27, 2017 / Active Wall St. blog coverage looks at the headline from Novartis AG (NYSE: NVS). PureTech Health PLC on March 24, 2017, announced that it has agreed a licensing and equity agreement with Swiss pharmaceuticals giant Novartis AG (NYSE: NVS) to advance two clinical-stage programs focusing the mechanistic target of rapamycin complex (mTORC1) pathway. Register with us now for your free membership and blog access at:

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One of Novartis’ competitors within the Drug Manufacturers – Major space, Aerie Pharmaceuticals, Inc. (NASDAQ: AERI), reported on March 07, 2017, its fourth quarter and full year 2016 financial results and provided business update. AWS will be initiating a research report on Aerie Pharma in the coming days.

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

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

As per the agreement, PureTech Health will develop these new product candidates by setting up a new operating subsidiary, resTORbio, with an initial focus on diseases related to immunosenescence, an age-related decline in immune function. A Phase-2b study with these candidates is planned to commence in 2017.

“Consistent with our strategy of addressing the impairments of the brain, gut, and immune systems, targeting the mTORC1 pathway offers us a compelling opportunity to address conditions impacting these adaptive systems,” said Joe Bolen, PhD, Chief Scientific Officer for PureTech Health, “Impairment of adaptive and innate immune system robustness underlies age-associated immunosenescence. Inhibition of the mTORC1 pathway has proven to be effective in re-establishing T-cell composition and function, which in turn can revitalize immune homeostasis.”

About mTOR

Novartis’ mechanistic target of rapamycin (mTOR) is a protein serine/threonine kinase that regulates multiple cell functions, including cell growth and metabolism, via two complexes: TORC1 and TORC2. TORC1 inhibition has been found to have many beneficial effects on aging, while TORC2 inhibition has been associated with adverse events including hyperglycemia and hypercholesterolemia. The mTORC1 inhibitors being developed by PureTech Health potentially result in selective inhibition of mTORC1 and may therefore have therapeutic potential to ameliorate multiple aging-related conditions with a favorable safety profile.

Immunosenescence, the age-dependent decline in immune function, is associated with a decreased ability to fight infections, an increase in cancer incidence and a decline in organ function in the elderly. With a rapidly aging population, there is a significant need to address aging-related diseases and conditions. Inhibition of the mTOR pathway has been shown to extend lifespan in multiple species studied including yeast, worms, flies and mammals, and to potentially ameliorate immunosenescence in aging animals and humans.

The immune-enhancing potential of mTORC1 inhibitors has been explored in a Phase-2 program at Novartis that included two successful Phase-2a studies in hundreds of elderly patients. The results of these studies form the foundation for further clinical development in immunosenescence and other aging-related diseases by targeting the mTOR pathway.

“mTORC1 inhibitors could lead us to a new paradigm for treating several aging-related conditions,” said Chen Schor, a PureTech Senior Executive and the leader of the resTORbio program, “We have a robust clinical development plan for the first indication and plan to explore the program across multiple aging-related diseases.”

Agreement Details

Under terms of the transaction, Novartis will receive equity in the resTORbio subsidiary and be eligible for future milestones payments and royalties based on a portion of net sales. PureTech’s resTORbio, will have an exclusive license to two clinical stage programs for aging-related indications. The Boston, MA-based Company, listed on the London stock exchange in has allocated approximately $15 million in several tranches to the development of the program as it progresses, which will provide PureTech Health an approximately 58% of resTORbio on a diluted basis based. PureTech has an option to increase its ownership to 67% through the allocation of an additional $10 million to the program.

Stock Performance

At the closing bell, on Friday, March 24, 2017, Novartis’ stock marginally slipped 0.08%, ending the trading session at $74.37. A total volume of 1.64 million shares were traded at the end of the day. In the last three months and previous twelve months, shares of the Company have advanced 7.79% and 5.15%, respectively. Moreover, the stock gained 5.82% since the start of the year. The Company’s shares are trading at a PE ratio of 26.58 and have a dividend yield of 3.70%. At last Friday’s closing price, the stock’s net capitalization stands at $196.55 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:

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: 458205

Upcoming AWS Coverage on Phoenix New Media Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 27, 2017 / Active Wall St. announces its post-earnings coverage on YY Inc. (NASDAQ: YY). The Company reported its financial results for its fourth quarter and fiscal year 2016 on March 14, 2017. The Chinese social networking Company smashed passed top- and bottom-line expectations. Register with us now for your free membership at:

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

One of YY Inc.’s competitors within the Internet Information Providers space, Phoenix New Media Ltd. (NYSE: FENG), reported on March 13, 2017, its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2016. AWS will be initiating a research report on Phoenix New Media in the coming days.

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

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

Earnings Reviewed

YY’s net revenues increased by 30.8% to RMB2.48 billion (US$357.8 million) in Q4 FY16 compared to RMB1.90 billion in Q4 FY15, primarily driven by the increase in live streaming revenues. The Company’s revenue numbers came in ahead of analysts’ consensus of US$352 million. Live streaming revenues surged by 41.7% to RMB2.22 billion (US$319.5 million) in the reported quarter from RMB1.57 billion in the corresponding year ago same period.

For the full year of 2016, YY’s net revenues increased by 39.1% to RMB8.20 billion (US$1.18 billion) from RMB5.90 billion in FY15, primarily driven by a 54.8% year-over-year increase in live streaming revenues.

For Q4 FY16, YY’s gross profit increased by 26.4% to RMB924.6 million (US$133.2 million) from RMB731.6 million in Q4 FY15. The Company’s gross margin was 37.2% in the reported quarter compared to 38.5% in the prior year’s same period. YY’s operating income in Q4 FY16 surged 51.7% to RMB621.5 million (US$89.5 million) from RMB409.8 million in Q4 FY15. The Company’s operating margin in the reported quarter was 25.0% compared to 21.6% in the year earlier comparable quarter.

Non-GAAP operating income increased by 37.6% to RMB647.9 million (US$93.3 million) in Q4 FY16 from RMB471.0 million in the corresponding period of 2015. Non-GAAP operating margin was 26.1% in the reported quarter compared to 24.8% in the prior year corresponding period.

During Q4 FY16, net income attributable to YY Inc. soared 59.3% to RMB572.3 million (US$82.4 million) compared to RMB359.2 million in Q4 FY15. Net margin in the reported quarter grew to 23.0% from 18.9% in the corresponding period of 2015. Non-GAAP net income attributable to YY Inc. increased by 42.4% to RMB598.6 million (US$86.2 million) from RMB420.4 million in Q4 FY15.

For Q4 FY16, YY’s diluted net income per ADS increased by 56.1% to RMB9.74 (US$1.40) from RMB6.24 in Q4 FY15. The Company’s non-GAAP diluted net income per ADS increased by 40.3% to RMB10.17 (US$1.46) in Q4 FY16 from RMB7.25 in Q4 FY15. The Company’s earnings numbers comfortably surpassed market estimates of U$1.03 per ADS.

Segment Results

Live streaming revenues from the YY Live segment in Q4 FY16 was RMB1.88 billion (US$271.3 million) and live streaming revenues from the Huya segment in Q4 FY16 was RMB334.3 million (US$48.2 million). The Company’s revenues from online games were RMB125.4 million (US$18.1 million) in the reported quarter compared to RMB172.4 million in the corresponding period of 2015, which primarily reflected the continued softness in China’s web game market. YY’s revenues from membership were RMB74.7 million (US$10.8 million) in Q4 FY16 compared to RMB80.8 million in the corresponding period of 2015.

For Q4 FY16, Other revenues, mainly including revenues from the Company’s online education platform and online advertising revenues, totaled RMB65.9 million (US$9.5 million) compared with RMB81.4 million in Q4 FY15.

Balance Sheet & Cash Flow

As of December 31, 2016, the Company had cash and cash equivalents of RMB1.58 billion (US$227.5 million) and short-term deposits of RMB3.75 billion (US$540.3 million). For Q4 FY16, net cash from operating activities was RMB996.5 million (US$143.5 million). For the full year of 2016, net cash from operating activities was RMB2.42 billion (US$348.7 million).

Net income attributable to YY Inc. for FY16 increased by 47.5% to RMB1.52 billion (US$219.5 million) from RMB1.03 billion in FY15. The Company’s non-GAAP net income attributable to YY Inc. for FY16 advanced 38.0% to RMB1.68 billion (US$242.1 million) from RMB1.22 billion in FY15.

Diluted net income per ADS for FY16 increased to RMB26.40 (US$3.80) from RMB17.96 in the prior year. Non-GAAP diluted net income per ADS for the reported period increased to RMB28.98 (US$4.17) from RMB21.18 in the prior year.

Business Outlook

For Q1 FY17, the Company expects its net revenues to be between RMB2.2 billion and RMB2.3 billion, representing a y-o-y growth of approximately 33.4% to 39.5%.

Stock Performance

At the closing bell, on Friday, March 24, 2017, YY Inc.’s stock slightly dropped 0.75%, ending the trading session at $46.30. A total volume of 1.07 million shares were traded at the end of the day, which was higher than the 3-month average volume of 962.76 thousand shares. In the last month and previous three months, shares of the Company have rallied 1.27% and 7.62%, respectively. Moreover, the stock surged 17.45% since the start of the year. Shares of the company have a PE ratio of 12.62 and have a market cap of $2.59 billion as per its last closing price.

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: 458192

Upcoming AWS Coverage on ONEOK Partners Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 27, 2017 / Active Wall St. blog coverage looks at the headline from TransCanada Corp. (NYSE: TRP). The US Department of State (DoS) has signed and issued a Presidential Permit for TransCanada’s Keystone XL Pipeline (KXLP) on March 24, 2017. The Presidential Permit signed by Thomas A. Shannon, Jr., Under Secretary of State for Political Affairs, allows TransCanada to “construct, connect, operate, and maintain” the KXLP across the US-Canada border to import crude oil from Canada. Register with us now for your free membership and blog access at:

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One of TransCanada’s competitors within the Oil & Gas Pipelines space, ONEOK Partners, L.P. (NYSE: OKS), reported on February 27, 2017, its Q4 and full-year 2016 financial results. AWS will be initiating a research report on ONEOK Partners in the coming days.

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

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

The current decision is in response to TransCanada’s reapplication on January 26, 2017, to the DoS after the relevant authorities determined that the Presidential Permit could be granted as KXLP would be in national interest.

Calgary, Alberta based TransCanada is a Canadian energy infrastructure Company that has operations across the USA and Canada. It has a vast network of oil pipeline that supplies oil and gas across North America and it is also involved in power generation.

Commenting on the long-awaited order Russ Girling, President and CEO of TransCanada said:

“This is a significant milestone for the Keystone XL project. We greatly appreciate President Trump’s Administration for reviewing and approving this important initiative and we look forward to working with them as we continue to invest in and strengthen North America’s energy infrastructure.”

The project approval is a part of President Trump’s election promise of a 10-year, $1 trillion infrastructure package which supports the energy companies and promotes building of new infrastructure. In February 2017, President Trump had signed two presidential memoranda supporting both the Dakota Access Pipeline and the KXLP. In one memorandum, he asked the Army to review the Energy Transfer Partners (ETP) backed Dakota Access Pipeline and in the second memorandum he asked TransCanada to reapply for permission for the KXLP. Since both pipelines cross the US border, they require federal approval.

The proposed Keystone XL Pipeline

TransCanada’s KXLP is a 1,179-mile (1,897-km) long, 36-inch-diameter crude oil pipeline, which originates at Hardisty, Alberta, and extends southeast through Saskatchewan, Montana, South Dakota and ends at Steele City, Nebraska. At Nebraska, it will be linked to the existing network of pipelines connecting the US refineries as well as port in Gulf of Mexico region. TransCanada’s multi-billion dollar pipeline has the capacity to transport 830,000 bpd (barrels per day) crude oil from oil sands in Alberta, Canada to Nebraska in US, which would then be exported.

The project when completed has the power to change the economic condition of the entire region. The project will also benefit both Countries’ governments. Canada will get a new and easily accessible market for its crude oil. US will reduce its dependence on oil from Middle East and strengthen its energy supplies. The pipeline is expected to generate thousands of jobs in US for its refiners.

Background

TransCanada had first applied for the construction of KXLP in 2008 with plans to open in 2012. However, the project faced political legal hurdles for the last many years. Finally, in 2015, the Obama Administration completely rejected the project after reviewing it for more than six years. According to the Obama Administration, the project was not in the national interest and that it would undermine the environment concerns including its impact on global climate change.

Hurdles ahead

TransCanada has a very long way to go before it can do the victory dance. The Presidential Permit for KXLP is just the first step in a long process which requires TransCanada to overcome legal hassles and get approvals from state regulators. The permit does not guarantee the completion of the project.

The landowners from where the pipeline is expected to pass through have used state laws to challenge the project earlier, and they are still opposed to the project.
States like Nebraska have yet to approve the project. TransCanada has applied to get necessary permits and approvals from Nebraska, Montana, and South Dakota states, which will further delay the project.
Environmentalists and Greenpeace activists have raised their cudgels against the project as it had been earlier rejected by the Obama Administration due to the negative impact of the project on the environment and influence on climate change. The project involving the development of Canadian oil sands crude requires more energy to extract and process endangers the drinking water resources in US.
In the last few years, the project has lost its financial appeal given the steep fall in prices of crude oil which are hovering around $50 per barrel. The domestic oil production in the US is also soaring and future demand for fossil fuel is threatened by growing awareness about climate change and consumer preference for energy efficient and environment friendly energy sources.
The opponents of the project feel that the ability to generate jobs are highly exaggerated as the majority of jobs will be created during construction of the pipeline and would be temporary and the actual permanent jobs created would be only around 50.
The Trump Administration will have difficulty in explaining to critics how a project denied permit by the earlier government on environment grounds could be justified by the current administration given that none of the issues related to the project have changed.

Stock Performance

On Friday, March 24, 2017, TransCanada’s share price finished last Friday’s trading session at $46.21, slightly down 0.11%. A total volume of 1.64 million shares exchanged hands, which was higher than the 3 months average volume of 952.88 thousand shares. The stock has advanced 1.19% and 27.20% in the last three months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 2.35%. The stock has a dividend yield of 3.64% and a market capital of $40.11 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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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 458199

Upcoming AWS Coverage on Kopin Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 27, 2017 / Active Wall St. announces its post-earnings coverage on NeoPhotonics Corp. (NYSE: NPTN). The Company disclosed its financial results for the fourth quarter fiscal 2017 (Q4 FY16) and full year fiscal 2017 (FY16) on March 14, 2017. The San Jose, California-based Company’s quarterly revenues increased $20.7 million, or 23% y-o-y, outperforming market consensus estimates. Register with us now for your free membership at:

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One of NeoPhotonics’ competitors within the Semiconductor – Broad Line space, Kopin Corp. (NASDAQ: KOPN), reported on March 13, 2017, its financial results for the fourth quarter and fiscal 2016 ended December 31, 2016. AWS will be initiating a research report on Kopin in the coming days.

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

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

Earnings Reviewed

NeoPhotonics reported record revenues of $109.84 million in Q4 FY16, which came in above $89.12 million in Q4 FY15. Total revenue numbers for Q4 FY16 topped market forecasts of $108.5 million. Meanwhile, the Company’s Low Speed Transceiver Product revenue fell $12.4 million, or 49% y-o-y to $12.8 million in Q4 FY16.

The communications networks component maker’s GAAP net income came in at $2.00 million, or $0.04 per diluted share, in Q4 FY16 compared to $0.40 million, or $0.01 per diluted share, in Q4 FY15. Meanwhile, the Company reported non-GAAP net income of $6.29 million, or $0.13 per diluted share, in Q4 FY16 versus $6.92 million, or $0.16 per diluted share, in Q4 FY15. Wall Street had expected the Company to report non-GAAP net income of $0.13 per diluted share.

In FY16, NeoPhotonics’ revenues came in at $411.42 million compared to $339.44 million in the previous year. The Company reported GAAP net loss of $0.21 million, or $0.00 per diluted share, in FY16, against GAAP net income of $3.67 million, or $0.09 per diluted share, in FY15. Furthermore, the Company’s non-GAAP net income during FY16 was $23.04 million, or $0.50 per diluted share, compared to $21.06 million, or $0.53 per diluted share, in FY15.

Operating Metrics

In Q4 FY16, the Company’s GAAP gross profit improved to $31.03 million, or 28.3% of revenue, from $25.11 million, or 28.2% of revenue, in the year ago same period. Moreover, the Company’s non-GAAP gross profit for Q4 FY16 came in at $32.82 million, or 29.9% of revenue, compared to $28.87 million, or 32.4% of revenue, in Q4 FY15.

The Company spent $29.19 million as GAAP operating expenses in Q4 FY16 compared to $25.77 million in Q4 FY15. NeoPhotonics’ reported GAAP income of operations of $1.84 million in Q4 FY16 against GAAP loss from operation of $0.66 million in the prior year’s same period. Meanwhile, the Company reported non-GAAP operating income of $6.25 million in Q4 FY16 compared to $6.24 million in Q4 FY15. Furthermore, the Company’s adjusted EBITDA for the reported quarter was $12.46 million, or 11.3% of revenues, compared to $11.82 million, or 13.3% of revenues, in Q4 FY15.

Cash Flow and Balance Sheet

In twelve months ended December 31, 2016, net cash provided by the Company’s operating activities surged to $53.84 million from $26.14 million in FY15. As on December 31, 2016, the Company had cash and cash equivalents balance of $82.50 million compared to a balance of $76.09 million as on December 31, 2015. The Company reported long-term debt of $10.22 million in its books of accounts as on December 31, 2016, versus $10.76 million as on December 31, 2015.

Earnings Outlook

In its guidance for quarter ending March 31, 2017, NeoPhotonics’ expects revenues to be in the range of $67 million to $73 million. The Company anticipates Q1 FY17 GAAP gross margin in the range of $27% to 30%, while non-GAAP gross margin is projected to be in the range of 28% to 31%. Furthermore, the Company expects GAAP net loss during Q1 FY17 to be between $0.16 per share and $0.26 per share, whereas Q1 FY17 non-GAAP net loss is forecasted to be in the range of $0.20 per share to $0.30 per share.

Stock Performance

At the close of trading session on Friday, March 24, 2017, NeoPhotonics’ stock price climbed 5.35% to end the day at $9.26. A total volume of 1.13 million shares were exchanged during the session. The stock currently has a market cap of $374.84 million.

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: 458211

Upcoming AWS Coverage on Citi Trends Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 27, 2017 / Active Wall St. announces its post-earnings coverage on DSW Inc. (NYSE: DSW). The Company released its financial results for its fourth quarter and fiscal year 2016 on March 14, 2017. The discount shoe retailer surpassed earnings expectations. Register with us now for your free membership at:

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One of DSW Inc.’s competitors within the Apparel Stores space, Citi Trends, Inc. (NASDAQ: CTRN), reported on March 10, 2017, its fourth quarter and fiscal 2016 results. AWS will be initiating a research report on Citi Trends in the coming days.

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

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Earnings Reviewed

For the thirteen weeks ended January 28th, 2017, DSW’s sales increased 0.4% to $674.62 million, including $27.9 million of revenues from Ebuys compared to revenue of $672.04 million for Q4 FY15. The Company’s reported numbers came in below analysts’ consensus of $692 million. DSW’s comparable sales decreased 7% compared to previous year’s 0.7% increase. For FY16, DSW’s sales increased 3.5% to $2.7 billion, including $83.9 million from the Company’s acquisition of Ebuys.

For Q4 FY16, DSW’s reported net income was $30.5 million, or $0.38 per diluted share, which included a net favorable adjustment of $0.18 per share related to the reduction of its contingent consideration liability, the amortization of acquired intangibles, and inventory step-up costs related to Ebuys, and restructuring expenses compared to net income of $11.76 million, or $0.14 per diluted share, for the prior year’s same period. The Company’s adjusted net income totaled $16.5 million, or $0.20 per diluted share, an increase of 43% over last year. DSW’s earnings number surpassed Wall Street’s estimates of $0.16 per share.

For FY16, DSW’s reported net income was $124.5 million, or $1.52 per diluted share, which included a net favorable adjustment of $0.06 per share related to the reduction of its contingent consideration liability, the amortization of acquired intangibles, transaction costs, and inventory step-up costs related to Ebuys, and restructuring expenses. The Company’s adjusted net income was $120.1 million, or $1.46 per diluted share, a 5% decrease from last year.

Key Highlights

During FY16, the Company successfully expanded DSW’s presence in Canada with 23 locations, with plans to open the Company’s first two stores outside North America. The Company successfully launched DSW kids shops at 227 locations with plans to open 77 additional locations in 2017. During the year, DSW completed a comprehensive expense management initiative that identified $25 million in cost savings on an annualized basis. The Company returned $115 million to shareholders, including $65 million in dividends and $50 million in share repurchases.

Balance Sheet

For Q4 FY16, DSW’s cash, short-term and long-term investments totaled $287 million compared to $330 million in Q4 FY15. The Company’s inventories were $500 million compared to $484 million last year, including $31 million from Ebuys. On a cost per square foot basis, DSW inventories had declined by 8%. The Company generated $125 million in free cash flow this year. DSW reported capital spending of $14 million in Q4 FY16, bringing its full-year CapEx to $79 million, 17% below its original expectation at the start of the year.

During Q4 FY16, DSW repurchased 0.4 million shares for $7.3 million. For the full year, the Company repurchased a total of 2.4 million shares for a total of $50 million and has $33.5 million remaining under its share repurchase program.

DSW’s Board of Directors declared a quarterly cash dividend of $0.20 per share. The dividend will be paid on March 31, 2017, to shareholders of record at the close of business on March 17, 2017.

Fiscal 2017 Annual Outlook

For the fifty-three-week period ending February 03, 2018, DSW is forecasting revenue growth in the range of 3% to 5% with comparable sales ranging from a flat to low single digit decline compared to the prior year. The Company expects to open 12 to 15 net new locations during the year.

Stock Performance

At the close of trading session on Friday, March 24, 2017, DSW Inc.’s stock price marginally rose 0.68% to end the day at $19.27. A total volume of 1.08 million shares were exchanged during the session. The Company’s shares are trading at a PE ratio of 12.71 and have a dividend yield of 4.15%. The stock currently has a market cap of $1.53 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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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: 458198

Upcoming AWS Coverage on Fastenal

LONDON, UK / ACCESSWIRE / March 27, 2017 / Active Wall St. announces its post-earnings coverage on HD Supply Holdings, Inc. (NASDAQ: HDS). The Company announced its financial results for its fourth quarter and fiscal year 2016 on March 10, 2017. One of the largest industrial distributors in North America met markets earnings and sales expectations. Register with us now for your free membership at:

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One of HD Supply Holdings’ competitors within the Industrial Equipment Wholesale space, Fastenal Co. (NASDAQ: FAST), is estimated to report earnings on April 11, 2017. AWS will be initiating a research report on Fastenal following the release of its next earnings results.

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

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

Earnings Reviewed

For the quarter ended January 29, 2017, HD Supply’s net sales increased 3.2% to $1.63 billion compared to $1.58 billion for Q4 FY15. The Company’s revenue numbers met analysts’ consensus. For FY16, HD Supply’s net sales increased 4.4% to $7.4 billion.

HD Supply’s gross profit increased 4.9% to $560 million for Q4 FY16 compared to $534 million for Q4 FY15. The Company’s gross profit was 34.3% of net sales for the reported quarter, up approximately 60 basis points from 33.7% of net sales for the prior year’s same period.

For Q4 FY16, HD Supply’s operating income increased 10.7% to $145 million compared to $131 million for Q4 FY15. Operating income as a percentage of net sales was 8.9% for Q4 FY16, up approximately 60 basis points from 8.3% from the prior year’s comparable period.

HD Supply’s net income came in at $52 million, or $0.26 per share, for Q4 FY16 compared to $871 million, or $4.33 per diluted share, for Q4 FY15. Net income for Q4 FY15 included a $1.01 billion tax benefit resulting from the reversal of the deferred tax asset valuation allowance. On an adjusted basis, the Company’s adjusted net income increased to $90 million or $0.44 per share for Q4 FY16 compared to $55 million, or $0.27 per share, for Q4 FY15. The Company’s earnings numbers met Wall Street’s estimates of $0.44 per share.

For FY16, HD Supply’s net income dropped to $196 million, or $0.97, compared to net income of $1.47 billion, or $7.31 per share, for FY15. Net income for full-year fiscal 2015 included a $1,007 million tax benefit resulting from the reversal of the deferred tax asset valuation allowance, a $189 million non-cash tax credit from the settlement of an IRS audit, and a $186 million pre-tax gain on the sale of the Power Solutions business unit.

On an adjusted basis, HD Supply reported net income of $532 million, or $2.63 per diluted share, for FY16 compared to adjusted net income of $351 million or $1.74 in FY15.

Segment Results

During Q4 FY16, HD Supply’s Facilities Maintenance’ net sales increased 2.3% to $620 million compared to $606 million for Q4 FY15. The segment’s adjusted EBITDA decreased 3.9% to $98 million for the reported quarter compared to $102 million for the prior year’s same period. HD Supply’s adjusted EBITDA as a percentage of net sales were 15.8% for Q4 FY16, down approximately 100 basis points from 16.8% for Q4 FY15.

HD Supply’s Waterworks’ net sales increased 3.4% to $551 million in Q4 FY16 compared to $533 million for Q4 FY15. The segment’s adjusted EBITDA grew 2.4%, to $42 million for Q4 FY16 compared to $41 million for Q4 FY15. Adjusted EBITDA as a percentage of net sales was 7.6% for the reported quarter, down approximately 10 basis points from 7.7% for the year ago same period.

For Q4 FY16, HD Supply’s Construction & Industrial segment’s net sales increased 4.3% to $466 million compared to $447 million for Q4 FY15. The segment’s adjusted EBITDA increased gained 17.6% to $40 million for the reported quarter compared to $34 million for the prior year’s comparable period. The segment’s adjusted EBITDA as a percentage of net sales were 8.6% for Q4 FY16, up approximately 100 basis points from 7.6% for Q4 FY15.

Capital Structure Activities

On January 26, 2017, HD Supply used cash flow from operations to repay $200 million aggregate principal of the Company’s Term B-1 Loans. As a result, the Company incurred a $5 million loss on extinguishment of debt, which includes write-offs of $2 million and $3 millions of unamortized original issue discount and unamortized deferred financing costs, respectively. As of January 29, 2017, HD Supply’s combined liquidity of approximately $729 million was comprised of $75 million in cash and cash equivalents and $654 million of additional available borrowings (excluding $26 million of borrowings on available cash balances) under the Company’s senior asset-backed lending facility, based on qualifying inventory and receivables.

Outlook

For FY17, HD Supply is forecasting end-market growth of approximately 2%-3%. The Company estimates 300 basis points of sales growth in excess of the estimated market growth and operating leverage in the range of 1.5 to 2.0 times for FY17.

For Q1 FY17, HD Supply is projecting net sales to be in the range of $1.84 billion to $1.89 billion, adjusted EBITDA in the range of $205 million to $220 million, and adjusted net income per diluted share in the range of $0.60 to $0.68.

Stock Performance

At the closing bell, on Friday, March 24, 2017, HD Supply Holdings’ stock slightly fell 0.27%, ending the trading session at $40.33. A total volume of 1.05 million shares were traded at the end of the day. In the last six months and previous twelve months, shares of the Company have advanced 29.51% and 25.80%, respectively. Shares of the company have a PE ratio of 40.01 and have a market cap of $8.16 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:

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