VANCOUVER, BC / ACCESSWIRE / March 15, 2017 / ZoomAway Travel Inc. (TSXV: ZMA) (the “Company”, “ZoomAway”) is pleased to announce the appointment of David Mustard as Chief Financial Officer of the Company effective March 6, 2017.

Mr. Mustard is a Certified Public Accountant in the State of Nevada, and a senior financial executive with 20+ years of achievements, primarily in corporate and tribal hotel-casinos ranging in size from $1M to $100+M EBITDA, including publicly traded entities. His professional career is demonstrated in his abilities as a financial leader and problem solver, with expertise in establishing financial systems, turn-around of deteriorating financials and working through regulatory issues. His extensive background in the hospitality industry will be an asset to the Company as it pursues its growth objectives.

ZoomAway & Zero8 announce Mobile Games & Kiosk Platform for Gaming Industry, Targetting Millennials

ZoomAway recently announced that it has entered into a non-binding Letter of Intent (LOI) with Zero8 Studios Inc. (Zero8), to pursue joint development, marketing and sales of “White Label” Free-to-Play Mobile Games and the Zero8 Kiosk Platform in the gaming industry; and, is proceeding to finalize a Definitive Agreement. ZoomAway stated that the transaction with the Zero8 Studios “White Label” Free-to-Play Mobile Games platform, and its’ on property kiosk program is a great fit with ZoomAway’s focus on software products that can touch all market sectors of the hospitality industry. The products will provide new technology opportunities for the current hospitality industry and provide entry into new market segments that will attract, engage and retain the younger market.

About Zero8 Studios, Inc.

Zero8 Studios, based in Reno, Nevada, specializes in new and innovative game development and digital media solutions. With a focus on interactive gaming, including PC, mobile, and casino slot machines the Company has designed and built countless game titles and promotions for its’ clients over the last decade with amazing success. The Zero 8 Studios’ team has assisted AAA publishers, developers, manufactures and casinos in the design, production and delivery of their games to players around the world. From conceptual design to complete development, Zero 8 Studios has the structure, experience and expertise to make sure your game exceeds expectations every time.

About ZoomAway, Inc.

ZoomAway, Inc., a wholly owned subsidiary of ZoomAway Travel Inc. (TSXV: ZMA), provides leading hotels, golf resorts, ski resorts and activity providers with a seamless, scalable and fully integrated Technology Platform that allows for the discounted packaging of lodging, ski, golf, activities and attractions. It seamlessly integrates into client websites, providing their customers with a real time one stop shop for all of their travel and recreation needs. Additional information about ZoomAway Inc. can be found at www.zoomawaytravelinc.com.

For additional information contact:

Sean Schaeffer, President
ZoomAway Travel Inc: 775-691-8860, sean@zoomaway.com

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.

Forward Looking Statements

This release includes certain statements that may be deemed “forward-looking statements”, including statements relating to the Letter of Intent and the Definitive Agreement with Zero8. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

SOURCE: ZoomAway, Inc.

ReleaseID: 457339

Upcoming AWS Coverage on Sinclair Broadcast Group Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 15, 2017 / Active Wall St. announces its post-earnings coverage on TEGNA Inc. (NYSE: TGNA). The Company disclosed its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on February 27, 2017. The media and marketing Company surpassed earnings expectations. Register with us now for your free membership at:

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

One of TEGNA’s competitors within the Broadcasting – TV space, Sinclair Broadcast Group, Inc.(NASDAQ: SBGI), reported on February 22, 2017, its financial results for the three months and year ended December 31, 2016. AWS will be initiating a research report on Sinclair Broadcast in the coming days.

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

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

Earnings Reviewed

For the three months ended December 31, 2016, TEGNA’s total revenues increased 10.2% to $887.42 million compared to Q4 2015 revenue of $805.26 million, driven by revenue growth in both the Media Segment and Digital Segment. The Company’s revenue numbers fell short of analysts’ consensus of $889.8 million. Total operating revenues for the full year were $3.34 billion, an increase of 9.5 % compared to 2015.

During Q4 2016, TEGNA’s reported operating income declined 14.4% on a y-o-y basis to $279.79 million, while on a non-GAAP basis, operating income was 16.6% higher. Operating income totaled $972.1 million for FY16 compared to $913.2 million in FY15. On a non-GAAP basis, operating income was 21.3% higher and totaled $1.03 billion.

For Q4 2016, net income from continuing operations attributable to TEGNA declined 14.6% to $133.12 million compared to Q4 2015 net income of $155.94 million. Special items in Q4 2016 unfavorably impacted GAAP results by $0.13 per share due primarily to non-cash impairments, facility consolidation, severance, and other expenses primarily related to the potential spin-off of Cars.com and strategic review of CareerBuilder. On a non-GAAP basis, the Company’s net income from continuing operations attributable to TEGNA surged 40% to $0.74 per diluted share compared to $0.53 per diluted share in the year earlier same quarter, beating Wall Street’s expectations of $0.66 per share. For FY16, net income from continuing operations attributable to TEGNA was 54.7% higher.

For Q4 2016, TEGNA’s adjusted EBITDA totaled $349.8 million, up 15% on a y-o-y basis. Adjusted EBITDA margin in the reported quarter equaled 39.4%, 1.6% higher than the year earlier quarter. The Company’s adjusted EBITDA was $1.23 billion in FY16 compared to $1.05 billion in FY15, up 17.1%. The adjusted EBITDA margin in 2016 was 36.9%, an increase of 2.3% from 34.6% in FY15.

Segment Results

During Q4 2016, TEGNA’s Media segment’s revenues reached a record $529.1 million, reflecting a 14.5% increase on a y-o-y basis. Excluding the extra days in Q4 2015, Media segment’s revenues would have been up 17.3%. The growth was driven by an $80.2 million increase in political advertising and a $25.5 million increase in retransmission revenues. These increases were partially offset by a decline in core advertising due to the displacement effect of political advertising in the quarter. For FY16, Media segment’s revenues increased 14.9% compared to FY15 to a record $1.9 billion driven by a $133.4 million increase in political spending, advertising related to the Summer Olympics of $55.9 million, and a 29.7% increase in retransmission revenue. Adjusting for the change to a calendar fiscal year, Media segment’s revenues were up approximately 16%.

The Media segment’s operating expenses were $292.6 million for Q4 2016 compared to $261.6 million in Q4 2015. The increase was due primarily to higher programming fees and continued investment in growth initiatives. Operating income was $236.5 million, up 17.9% compared to $200.7 million in Q4 2015. On a non-GAAP basis, operating income in the reported quarter soared 17.6% higher and totaled $243.7 million. The segment’s adjusted EBITDA was $261.2 million, up 16.4% resulting in an adjusted EBITDA margin of 49.4 % in the quarter.

Based on current trends, TEGNA expects Media segment’s revenue in Q1 2017 to be flat to slightly above Q1 2016.

During Q4 2016, TEGNA’s Digital segment’s revenues rose 4.5 % reflecting $7.4 million in revenue growth at Cars.com and a $10.1 million revenue increase at CareerBuilder offset, in part, by the impact of the sale of the PointRoll business in November 2015. Cars.com revenues sold directly by the Company were up 7.5% driven by the acquisition of DealerRater and an increase in display advertising revenues and higher lead spending by auto manufacturers. Wholesale revenues were 2.5% lower in the quarter compared to Q4 2015.

Digital segment’s operating expenses totaled $299.1 million, an increase of 3.5%. The increase reflects primarily the acquisitions of Aurico and Workterra and higher cost of sales in support of revenue growth at CareerBuilder, partially offset by the impact of the disposition of PointRoll. Digital segment’s operating income was $59.2 million. Excluding special items, non-GAAP operating income was $69.0 million, an increase of 5.6 % on a y-o-y basis. Adjusted EBITDA totaled $102.7 million resulting in an adjusted EBITDA margin of 28.7%.

Cash Flows

TEGNA’s cash flow from operating activities for Q4 2016 was $228.7 million. Free cash totaled $202.4 million for the quarter. Long-term debt outstanding was $4.0 billion and total cash was $76.9 million at the end of the quarter. During the quarter, TEGNA repurchased 497,621 shares of its outstanding stock for $11.0 million. Dividends paid in the quarter totaled $30.0 million.

TEGNA’s Board of Directors declared a dividend of $0.14 per share, payable on April 03, 2017, to stockholders of record as of the close of business on March 10, 2017.

Stock Performance

On Tuesday, March 14, 2017, the stock closed the trading session at $26.01, slightly down 0.19% from its previous closing price of $26.06. A total volume of 1.24 million shares have exchanged hands. TEGNA’s stock price rallied 10.53% in the last month, 13.06% in the past three months, and 21.94% in the previous six months. Furthermore, since the start of the year, shares of the Company have surged 22.26%. The stock is trading at a PE ratio of 12.83 and has a dividend yield of 2.15%.

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: 457298

LONDON, UK / ACCESSWIRE / March 15, 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 Drug Manufacturers industry. Companies recently under review include NeutriSci International, Nuvo Pharmaceuticals, Zomedica Pharmaceuticals, and Acerus Pharmaceuticals. Get all of our free research reports by signing up at:

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

At the close of the Canadian markets on Tuesday, March 14, 2017, the TSX Venture Composite index ended the trading session at 792.87, 1.45% lower from its previous closing price. The Toronto Exchange Composite index, in contrast, closed at 15,379.61, down 1.06%.

The Healthcare Index was also in the red, closing the day at 68.41, down 2.44%.

Active Wall St. has initiated research reports on the following equities: NeutriSci International Inc. (TSX-V: NU), Nuvo Pharmaceuticals Inc. (TSX: NRI), Zomedica Pharmaceuticals Corporation (TSX-V: ZOM), and Acerus Pharmaceuticals Corporation (TSX: ASP). Register with us now for your free membership and research reports at:

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

NeutriSci International Inc.

Calgary, Canada headquartered NeutriSci International Inc.’s stock declined 4.55%, to finish Tuesday’s session at $0.10 with a total volume of 67,500 shares traded. Shares of the Company, which researches, develops, and commercializes nutraceutical products, are trading below its 50-day and 200-day moving averages. NeutriSci International’s 200-day moving average of $0.16 is above its 50-day moving average of $0.14. See our research report on NU.V at:

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

Nuvo Pharmaceuticals Inc.

On Tuesday, shares in Mississauga, Canada-based Nuvo Pharmaceuticals Inc. recorded a trading volume of 18,201 shares. The stock ended the day 0.37% lower at $5.40. The Company’s shares are trading below its 50-day and 200-day moving averages. The stock’s 200-day moving average of $6.16 is above its 50-day moving average of $5.71. Shares of the Company, which operates as a life sciences company, are trading at PE ratio of 15.08. The complimentary research report on NRI.TO at:

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

Zomedica Pharmaceuticals Corp.

On Tuesday, shares in Ann Arbor, Michigan headquartered Zomedica Pharmaceuticals Corp. ended the session flat at $1.50 with a total volume of 3,515 shares traded. Zomedica Pharmaceuticals’ shares have gained 12.78% in the last one month and 20.00% in the previous three months. Furthermore, the stock has advanced 22.95% in the past one year. Shares of the Company, which operates as a veterinary pharmaceutical company in the US, are trading above its 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $1.38 is greater than its 50-day moving average of $1.35. Register for free and access the latest research report on ZOM.V at:

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

Acerus Pharmaceuticals Corp.

Mississauga, Canada headquartered Acerus Pharmaceuticals Corp.’s stock closed the day 4.55% higher at $0.12. The stock recorded a trading volume of 464,500 shares, which was above its three months average volume of 246,163 shares. Acerus Pharmaceuticals’ shares have gained 20.00% in the previous one year. The company’s shares are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $0.15 is greater than its 50-day moving average of $0.13. Shares of the Company, which focuses on developing, manufacturing, marketing, and distributing pharmaceutical products for male hypogonadism, women’s hormone replacement therapy, and female sexual dysfunction in Canada, are trading at a PE ratio of 8.21. Get free access to your research report on ASP.TO at:

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

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: 457322

Upcoming AWS Coverage on Arcos Dorados Holdings

LONDON, UK / ACCESSWIRE / March 15, 2017 / Active Wall St. blog coverage looks at the headline from Ruby Tuesday, Inc. (NYSE: RT) as the Company announced on March 13, 2017, that it is exploring strategic options like sale of its business, merger, etc. The Ruby Tuesday’s Board of Directors has retained the services of UBS to advise them on this project. Register with us now for your free membership and blog access at:

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One of Ruby Tuesday’s competitors within the Restaurant space, Arcos Dorados Holdings Inc. (NYSE: ARCO), is expected to report earnings on March 15, 2017 after market close. AWS will be initiating a research report on Arcos Dorados following the release of its next earnings results.

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

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

Ruby Tuesday was founded in 1972 and was formerly known as Morrison Restaurants, Inc. Ruby Tuesday has been a publicly traded Company since 1996. Its chain of restaurants includes both Company-owned and franchise-run restaurants. It is known as a premium-casual-dining-place where one can get freshly prepared and hand crafted food. The restaurant chain is especially known for its salad bar and handcrafted burgers. Ruby Tuesday had 546 Company owned restaurants and 67 franchised restaurants as on November 29, 2016, which are located across 42 US states and 14 countries.

The strategic review is aimed at maximizing shareholder value and at the same time ensuring long-term success of the business. The Company has started working on the initial stages of the process of strategic and financial evaluation. Till the entire process is not completed, the Company has declined to share details of its future plan of action. The Company did not give any assurances with regards to the time required to complete the review or the result of the exercise.

Commenting on the matter, Stephen Sadove, Non-Executive Chairman of Ruby Tuesday said:

“Ruby Tuesday is an iconic American brand with a 45-year legacy of serving local communities great American fare. We believe now is the right time to explore strategic alternatives that have the potential to position the business for long-term success and to carry that legacy forward.”

Unaudited Financial Results

In the same communication, the Company also disclosed its preliminary unaudited financial results for fiscal Q3 2017 ending on February 28, 2017. The Company reported total revenue of approximately $225.7 million, which included revenues from franchises. The cash-in-hand for the reported period was approximately $32.6 million. However, the same restaurant sales declined by approximately 4%.

Background

In August 2016, Ruby Tuesday had announced the closure of nearly 100 underperforming restaurants by end of September 2016. The Company contemplated absorbing the displaced full-time and part-time works at the nearby restaurant locations, wherever possible. The Company has been making tremendous efforts to attract more customers to its locations with an improved menu and better service under its “Fresh Start plan”. However, these initiatives have not been able to majorly change the restaurant chain’s fortunes.

Ruby Tuesday is not the only restaurant chain that has been facing a slowdown in business and taking the drastic step of closing down its outlets. In 2016, other restaurant chains like Bob Evans, buffet restaurants owned by Ovation Brands – Old Country Buffet, have also closed a number of their restaurants. Others like Boston-based chain – Cosi and Nashville-based chain – Logan’s Roadhouse, have even filed for bankruptcy. The changing consumer habits, competition from other fast-casual restaurants, bad financial planning including high debts are some of the factors influencing the closure of these restaurants.

Stock Performance

At the close of trading session on Tuesday, March 14, 2017, Ruby Tuesday’s stock price soared 24.14% to end the day at $2.16. A total volume of 8.13 million shares were exchanged during the session, which was above the 3-month average volume of 651.45 thousand shares. Share of the Company have surged 12.50% in the last month. The stock currently has a market cap of $132.32 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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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: 457325

LONDON, UK / ACCESSWIRE / March 15, 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 Real Estate Services industry. Companies recently under review include Brookfield Asset Management, Brookfield Property Partners, Terra Firma Capital, and First Capital Realty. Get all of our free research reports by signing up at:

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

At the closing bell on Tuesday, March 14, 2017, the Toronto Exchange index edged 1.06% lower to finish the trading session at 15,379.61 with a total volume of 380,139,646 shares exchanging hands for the day. The TSX Venture Composite Index, on the other hand, closed at 792.87, down 1.45%.

Active Wall St. has initiated research reports on the following equities: Brookfield Asset Management Inc. (TSX: BAM-A), Brookfield Property Partners L.P. (TSX: BPY-UN), Terra Firma Capital Corporation (TSX-V: TII), and First Capital Realty Inc. (TSX: FCR). Register with us now for your free membership and research reports at:

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

Brookfield Asset Management Inc.

Toronto, Canada-based Brookfield Asset Management Inc.’s stock edged 0.39% lower, to finish Tuesday’s session at $48.84 with a total volume of 972,993 shares traded. Over the last one month and the previous three months, Brookfield Asset Management’s shares have advanced 0.31% and 10.25%, respectively. Furthermore, the stock has gained 11.09% in the past one year. The Company’s shares are trading above its 50-day and 200-day moving averages. Brookfield Asset Management’s 50-day moving average of $47.44 is above its 200-day moving average of $45.73. Shares of the Company, which through its subsidiaries, the firm invests in the property, power, and infrastructure sectors, are trading at a PE ratio of 31.51. See our research report on BAM-A.TO at:

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

Brookfield Property Partners L.P.

On Tuesday, shares in Hamilton, Bermuda headquartered Brookfield Property Partners L.P. recorded a trading volume of 73,480 shares. The stock ended the day 0.24% lower at $29.27. Brookfield Property Partners’ stock has advanced 3.43% in the last three months and 1.92% in the previous one year. The Company’s shares are trading below its 50-day and 200-day moving averages. The stock’s 50-day moving average of $29.83 is above its 200-day moving average of $29.47. Shares of the Company, which owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil, are trading at PE ratio of 11.61. The complimentary research report on BPY-UN.TO at:

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

Terra Firma Capital Corp.

On Tuesday, shares in Toronto, Canada headquartered Terra Firma Capital Corp. ended the session 2.63% lower at $0.74 with a total volume of 27,608 shares traded. Terra Firma Capital’s shares have gained 10.45% in the last one month and 17.46% in the previous three months. The stock is trading above its 200-day moving average. Furthermore, the stock’s 50-day moving average of $0.74 is greater than its 200-day moving average of $0.64. Shares of Terra Firma Capital, which provides debt and equity solutions to the real estate industry primarily in Canada and the US, are trading at a PE ratio of 15.42. Register for free and access the latest research report on TII.V at:

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

First Capital Realty Inc.

Toronto, Canada headquartered First Capital Realty Inc.’s stock closed the day 0.20% higher at $20.21. The stock recorded a trading volume of 237,414 shares. The company’s shares are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $21.05 is greater than its 50-day moving average of $20.74. Shares of the Company, which acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties, are trading at a PE ratio of 12.70. Get free access to your research report on FCR.TO at:

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

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: 457321

Upcoming AWS Coverage on Enerplus Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 15, 2017 / Active Wall St. announces its post-earnings coverage on Ensco PLC (NYSE: ESV). The Company reported its financial results for the fourth quarter fiscal 2016 and full year 2016 on February 27, 2017. The offshore contract drilling services Company surpassed earnings expectations. Register with us now for your free membership at:

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

One of Ensco’s competitors within the Oil & Gas Drilling & Exploration space, Enerplus Corp. (NYSE: ERF), reported on February 24, 2017, its financial and operating results for the quarter and year ended December 31, 2016 , along with year-end 2016 reserves. AWS will be initiating a research report on Enerplus in the coming days.

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

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

Earnings Reviewed

Continued Operations

Ensco’s revenues from continuing operations were $505 million in the quarter ended December 31, 2016, compared to $828 million a year ago, primarily due to a decline in reported utilization to 51% from 63% in Q4 2015. The Company’s revenue numbers fell short of analysts’ consensus of $509 million. The average day rate for the fleet declined to $177,000 in the reported quarter from $216,000 in the year earlier comparable quarter.

Ensco’s contract drilling expense declined to $289 million in Q4 2016 from $415 million a year ago. Excluding a $17 million provision for doubtful accounts in the year-ago same period, contract drilling expense declined 27% due to fewer rig operating days and disciplined expense management. There was no loss on impairment in fourth quarter 2016. Fourth quarter 2015 results included a loss on impairment of $2.744 billion.

Ensco’s depreciation expense declined to $110 million in Q4 2016 from $150 million a year ago mostly due to asset impairments recorded in Q4 2015. The Company’s interest expense in Q4 2016 was $56 million, net of $9 million of interest that was capitalized, compared to interest expense of $57 million in Q4 2015, net of $20 million of interest that was capitalized. Lower interest expense due to debt repurchases was largely offset by reduced capitalized interest and the issuance of convertible notes.

Ensco reported earnings per share of $0.13 for Q4 2016 compared to a loss of $10.64 per share for Q4 2015. Earnings from discontinued operations were $0.03 per share in the reported quarter compared to a loss of $0.41 per share in the year ago corresponding period. The Company’s earnings per share from continuing operations were $0.10 for Q4 2016 compared to a loss of $10.23 per share a year ago. The Company’s earnings results topped Wall Street’s expectations of $0.05 per share.

Discontinued Operations

Ensco’s discontinued operations include one floater and one jack-up held for sale, as well as rigs and other assets no longer on the Company’s balance sheet. Net income from discontinued operations was $10 million for Q4 2016 compared to a net loss of $95 million a year ago. Excluding impairments and other discrete tax items, the net loss from discontinued operations was $0.3 million for Q4 2016 compared to net income of $1 million a year ago.

Segment Highlights

Ensco’s floater revenues were $303 million in Q4 2016 compared to $490 million a year ago, the decline was primarily attributed to fewer rig operating days and a decline in the average day rate to $358,000 from $397,000 a year ago. Reported utilization was 44% compared to 57% a year ago. Adjusted for uncontracted rigs and planned downtime, operational utilization was 98% compared to 96% in Q4 2015. Floater contract drilling expense declined to $151 million in Q4 2016 from $239 million a year ago.

Ensco’s revenues from the Jack-up segment totaled $187 million compared to $307 million a year ago, mostly due to fewer rig operating days and a decline in average day rates to $101,000 from $126,000 a year ago. Reported utilization was 54% compared to 66% in Q4 2015. Adjusted for uncontracted rigs and planned downtime, operational utilization in Q4 2016 was 96% compared to 99% a year ago. Jack-up’s contract drilling expense declined to $127 million from $149 million a year ago.

Other

Ensco’s Other segment is composed of managed drilling rigs. Revenues for Others’ declined to $15 million from $31 million in Q4 2015. Contract drilling expense declined to $11 million from $27 million in the year ago same period. The completion of three managed jackup contracts drove these revenue and contract drilling expense declined.

Financial Position

As of December 31, 2016, Ensco had $3.6 billion of contracted revenue backlog excluding bonus opportunities. The Company had $4.9 billion of liquidity, $2.60 billion of cash and short-term investments, $2.25 billion available revolving credit facility and $5.3 billion of total debt as on December 31, 2016.

In January 2017 Ensco completed its debt exchange for $650 million aggregate principal amount of senior notes that were repurchased for $333 million of cash consideration and $332 million aggregate principal amount of new senior notes. Post the completion, the Company noted that it had no debt maturities until Q2 2019 and $1.15 billion of debt maturing before 2024.

Stock Performance

At the close of trading session on Tuesday, March 14, 2017, Ensco’s stock price declined 2.64% to end the day at $8.48. A total volume of 9.10 million shares were exchanged during the session. The Company’s share price has gained 15.30% in the past six months. The Company’s shares are trading at a PE ratio of 2.68 and have a dividend yield of 0.47%. The stock currently has a market cap of $2.52 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: 457330

Upcoming AWS Coverage on AerCap Holdings Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 15, 2017 / Active Wall St. blog coverage looks at the headline from Air Methods Corp. (NASDAQ: AIRM) as the Company announced on March 14, 2017, that it has entered into a definitive agreement to be acquired by affiliates of New York based private equity firm, American Securities LLC for a total enterprise value approximately $2.5 billion, including net debt. Register with us now for your free membership and blog access at:

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One of Air Methods’ competitors within the Air Services, Other space, AerCap Holdings N.V. (NYSE: AER), reported on February 21, 2017, its financial results for Q4 and full year 2016. AWS will be initiating a research report on AerCap in the coming days.

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

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

Air Methods is the largest domestic air medical transport provider in the $5 billion air medical market, serving 48 states with over 300 bases of operations and one of the youngest fleets in the industry. Air Methods also maintains a leading position in the complementary air tourism business, with access to attractive fast-growing end markets. The Company’s multi-pronged strategy to drive long-term growth includes a focus on improving the utilization of its assets, growing the Company’s air medical footprint in underserved markets and increasing the revenue and profitability of the tourism operations.

Transaction Details

Under the terms of the transaction, American Securities will pay $43.00 for each outstanding share of Air Methods. The offered price is 3.9% above March 13, 2017’s closing price of $41.40 and represents a 20.4% premium to Air Methods’ stock price of $35.70 on January 31, 2017, prior to press speculation regarding a sale, and a 24.7% premium to 30-day volume-weighted average price of $34.49 as of the same date. The transaction was unanimously approved by Air Methods’ Board of Directors. In 2016, Air Methods recorded earnings of $97.9 million on approximately $1.17 billion in revenue.

The transaction will be completed through a cash tender offer for all of the outstanding common shares of Air Methods, followed by a merger in which remaining common shares of Air Methods would be converted into the right to receive the same $43 cash per share price paid in the tender offer. Air Methods’ Board of Directors unanimously approved the offer and recommended that Air Methods shareholders tender their shares in the offer. The transaction is conditioned upon satisfaction of the minimum tender condition, which requires that shares representing more than 50% of the Air Methods’ outstanding common shares be tendered, as well as other customary closing conditions, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is expected to close by the end of Q2 2017.

Commenting on the deal, Aaron Todd, Air Methods’ Chief Executive Officer stated:

“This transaction will enable us to continue to execute against our strategy and strengthen our market position as a global leader in air medical transportation and air tourism.”

Aaron Todd continued:

“American Securities offers us a great opportunity to continue to invest and pursue long-term growth with greater operational flexibility, and we look forward to working with such a sophisticated private equity investor. Importantly, patients, employees, customers and partners will continue to benefit as we execute against our strategy.”

“We strongly believe in Air Methods’ strategic direction and the opportunities to grow the Company’s leading positions in the attractive air medical and air tourism markets,” said Marc L. Saiontz, a Managing Director of American Securities, “We respect the company’s commitment to providing access to patients in the communities that need it the most, with a focus on quality of care and safety in aviation. We look forward to partnering with the Air Methods team to drive value.”

Stock Performance

On Tuesday, March 14, 2017, following the announcement, Air Methods’ share price finished the trading session at $43.00, advancing 3.86%. A total volume of 8.52 million shares exchanged hands, which was higher than the 3 months average volume of 520.87 thousand shares. The stock has rallied 30.70% and 33.33% in the last three months and past six months, respectively. Furthermore, since the start of the year, shares of the Company have surged 35.01%. The stock is trading at a PE ratio of 16.60 and currently has a market cap of $1.55 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:

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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: 457319

Upcoming AWS Coverage on Nobilis Health Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 15, 2017 / Active Wall St. announces its post-earnings coverage on Tenet Healthcare Corp. (NYSE: THC). The Company released its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on February 27, 2017. The Dallas, Texas-based Company’s net operating revenues and adjusted net income from continuing operations were down on a year-over-year basis. Register with us now for your free membership at:

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One of Tenet Healthcare’s competitors within the Hospitals space, Nobilis Health Corp. (NYSE MKT: HLTH), released its Q4 and full year 2016 financials, prior to market open, on Monday, March 13, 2017. AWS will be initiating a research report on Nobilis Health in the coming days.

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

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

Earnings Reviewed

During the quarter ended on December 31, 2016, Tenet reported net operating revenues of $4.86 billion compared to $5.03 billion recorded at the end of Q4 FY15. Net operating revenues numbers for Q4 FY16 lagged behind market consensus estimates of $4.97 billion.

The hospital operator’s net loss attributable to Tenet from continuing operations narrowed to $79 million, or $0.79 loss per diluted share, in Q4 FY16 from net loss attributable to Tenet from continuing operations of $100 million, or $1.01 loss per diluted share, in Q4 FY15. The Company’s adjusted net income from continuing operations came in at $6 million, or $0.06 per diluted share, in Q4 FY16 compared to $35 million, or $0.35 per diluted share, in Q4 FY15. Wall Street had expected the Company to report adjusted net income from continuing operations of $0.20 per diluted share.

In FY16, Tenet’s net operating revenues came in at $19.62 billion compared to $18.63 billion in FY15. The Company reported net loss attributable to Tenet from continuing operations of $187 million, or $1.88 loss per diluted share, in FY16 versus net loss attributable to Tenet from continuing operations of $142 million, or $1.43 per diluted share, in FY15. Additionally, adjusted net income from continuing operations for FY16 stood at $105 million, or $1.04 per diluted share, compared to $208 million, or $2.05 per diluted share, in FY15.

Operational Metrics

For the reported quarter, the Company’s operating income came in at $272 million, or 5.6% of net operating revenues, compared to $315 million, or 6.3% of net operating revenues, in Q4 FY15. The Company reported adjusted EBITDA of $613 million in both Q4 FY16 and in the last year’s comparable quarter. Additionally, adjusted EBITDA margin as a percentage of net operating revenues for Q4 FY16 was 12.6%, up 40 basis points from the same period last year.

Segment-wise

Tenet’s Hospital Operations & Other segment reported net operating revenues of $4.14 billion in Q4 FY16 compared to $4.42 billion in Q4 FY15. The segment’s adjusted EBITDA came in at $358 million in Q4 FY16 compared to $394 million in the previous year’s same quarter. Additionally, same-hospital patient revenue grew 3.2% y-o-y in Q4 FY16, reflecting a 3.7% y-o-y increase in revenue per adjusted admission, which was partially offset by a 0.5% y-oy decline in adjusted admissions.

Ambulatory Care segment’s revenues rose 20.4% to $478 million in Q4 FY16 from $397 million in the previous year’s corresponding quarter. Furthermore, the segment reported adjusted EBITDA of $183 million in Q4 FY16, up 15.8% from $158 million in the prior year’s comparable quarter.

The Company’s Conifer Health Solutions segment’s revenues improved 4.7% during Q4 FY16 to $402 million from $384 million in Q4 FY15. The segment’s revenue growth was driven by a 16% y-o-y growth in revenue from non-Tenet customers. During the reported quarter, the segment’s adjusted EBIDTA came in at $72 million, or 17.9% of segment’s revenue, compared to $61 million, or 15.9% of the segment’s revenues, in Q4 FY15.

Cash Flow & Balance Sheet

During Q4 FY16, the Company used $293 million in its operating activities compared to net cash provided by operating activities of $191 million in the prior year’s same quarter. Furthermore, the Company’s reported negative free cash flow of $554 million in Q4 FY16 compared to negative free cash flow of $85 million in Q4 FY15. At the close of books on December 31, 2016, Tenet had $716 million in cash and cash equivalents compared to $356 million at the close of books on December 31, 2015. The Company’s long-term debt increased in the reported year, which stood at $15.06 billion as on December 31, 2016, compared to $14.38 billion as on December 31, 2015.

Outlook

In its guidance for FY17, Tenet’s management expects net operating revenues in the range of $19.70 billion to $20.10 billion. Adjusted EBIDTA is anticipated to be between $2.50 billion and $2.60 billion with adjusted EBITDA margin in the range of 12.7% to 12.9%. The Company forecasts adjusted diluted EPS from continuing operations for FY17 to be between $1.05 and $1.30. Furthermore, adjusted free cash flow for FY17 is projected to be in the range of $600 million to $800 million.

Stock Performance

At the close of trading session on Tuesday, March 14, 2017, Tenet Healthcare’s stock price fell 3.27% to end the day at $18.02. A total volume of 3.69 million shares were exchanged during the session, which was above the 3-month average volume of 3.05 million shares. The Company’s share price has rallied 18.71% in the past three months and 21.43% on YTD basis. The stock currently has a market cap of $1.90 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: 457326

Upcoming AWS Coverage on Vornado Realty Trust Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 15, 2017 / Active Wall St. announces its post-earnings coverage on American Tower Corp. (NYSE: AMT). The Company announced its financial results for the fourth quarter fiscal 2016 and full year 2016 on February 27, 2017. The wireless communications infrastructure Company’s earnings surpassed market expectations. Register with us now for your free membership at:

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

One of American Tower’s competitors within the REIT – Diversified space, Vornado Realty Trust (NYSE: VNO), reported its financial results for Q4 ended December 31, 2016. AWS will be initiating a research report on Vornado Realty Trust in the coming days.

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

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

Earnings Reviewed

For the quarter ended December 31, 2016, American Tower’s total revenue of $1.54 billion grew 20.3% on a y-o-y basis, but missed analysts’ consensus estimates of $1.55 billion. During the reported quarter, the Company’s property revenue grew 21.6% to $1.52 billion, while adjusted EBITDA grew nearly 17% to approximately $936 million.

For Q4 2016, American Tower’s consolidated AFFO increased by nearly 21% to approximately $655 million and net income attributable to American Tower Corporation’s common stockholders decreased approximately 2% to $202 million, or $0.46 per diluted common share. This decrease was primarily attributable to a higher income tax provision compared to the prior year, which was resulting from a gain which the Company realized associated with its newly formed European joint venture with PGGM. AFFO attributable to American Tower’s common stockholders per share was $1.47, up 16.7% on a y-o-y basis. AFFO also came in above market estimates of $1.42 per share.

From a full-year perspective, American Tower’s total revenue surged 21.3% to $5.79 billion. The Company’s property revenue grew approximately 22.1% to $5.7 billion, while adjusted EBITDA grew by nearly 16% to approximately $3.55 billion. American Tower’s consolidated AFFO increased by nearly 16% to approximately $2.49 billion and net income attributable to American Tower Corporation’s common stockholders increased by approximately 43% to $849 million.

Capital Expenditures

During Q4 2016, American Tower’s total capital expenditures were $212 million, of which approximately $47 million was for non-discretionary capital improvements and corporate capital expenditures. For the full year 2016, total capital expenditures were $701 million, of which approximately $127 million was for non-discretionary capital improvements and corporate capital expenditures.

Acquisitions and Other Transactions

During Q4 2016, American Tower spent approximately $106 million to acquire 108 sites, primarily in its existing international markets, and Comunicaciones y Consumos, S.A. (CyCSA) in Argentina, a new market for the Company. In December 2016, the Company finalized its entry into a joint venture (“ATC Europe”) with PGGM. In addition, during the reported quarter, ATC Europe entered into a definitive agreement to acquire FPS Towers in France, a new market for the Company. The FPS acquisition closed on February 15, 2017. As a result, the Company now operates in 15 countries. For the full year, the Company spent $1.4 billion to acquire over 43,000 communications sites, primarily in the Company’s international markets.

Leverage and Financing Overview

For the quarter ended December 31, 2016, American Tower’s net leverage ratio was approximately 4.7x net debt (total debt less cash and cash equivalents) to Q4 2016 annualized adjusted EBITDA.

As of December 31, 2016, the Company had approximately $3.6 billion of total liquidity, consisting of approximately $0.8 billion in cash and cash equivalents plus the ability to borrow an aggregate of approximately $2.8 billion under its revolving credit facilities, net of any outstanding letters of credit.

Subsequent to the end of Q4 2016, American Tower borrowed an aggregate of $1.0 billion under its credit facilities. These borrowings were used to fund the Company’s FPS acquisition in France, the redemption of all outstanding 7.25% senior unsecured notes, the repayment of all amounts outstanding under certain securitized notes assumed in connection with prior acquisitions and for general corporate purposes.

Dividend Declared

In a separate press release on March 09, 2017, American Tower announced that its board of directors has declared its quarterly cash distribution of $0.62 per share on shares of the Company’s common stock. The distribution is payable on April 28, 2017, to such stockholders of record at the close of business on April 12, 2017.

Outlook

For FY17, American Tower is forecasting property revenue to be in the range of $6.21 billion to 6.39 billion, with the midpoint growth of 10.3. The Company is expecting net income to be in the band of $1.18 billion to 1.25 billion. American Tower’s consolidated AFFO for 2017 is estimated to be in the range of $2.70 billion to $2.80 billion.

Stock Performance

On March 14, 2017, American Tower’s share price finished the trading session at $114.02, slightly sliding 0.21%. A total volume of 1.42 million shares exchanged hands. The stock has surged 10.80% and 18.00% in the last three months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 7.89%. The stock is trading at a PE ratio of 57.61 and has a dividend yield of 2.03%.

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

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SOURCE: Active Wall Street

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Upcoming AWS Coverage on Urban Outfitters Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 15, 2017 / Active Wall St. announces its post-earnings coverage on Nordstrom, Inc. (NYSE: JWN). The company released its financial results for Q4 FY16 and full year 2016 on February 27, 2017. Nordstrom reported earnings that exceeded expectations, reflecting continuous improvements to its operating model. Register with us now for your free membership at:

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

One of Nordstrom’s competitors within the Apparel Stores space, Urban Outfitters, Inc. (NASDAQ: URBN), reported on March 07, 2017, its financial results for the three months and year ended January 31, 2017. AWS will be initiating a research report on Urban Outfitters in the coming days.

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

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

Earnings Reviewed

Nordstrom reported net sales of $4.2 billion for Q4 2016, up 2.4% compared with net sales of $4.1 billion during Q4 2015. Total Company comparable sales for the reported quarter decreased 0.9%. Total Company’s net sales were $14.5 billion for FY16, increasing 2.9% compared with net sales of $14.1 billion during FY15. Total Company’s comparable sales for FY16 decreased 0.4%. Retail gross profit, as a percentage of net sales, was 34.9%, decreasing 7 basis points compared with FY15.

In 2016, the Company reached record sales of $14.5 billion, achieving the following milestones in executing its growth plans: continued market expansion into Canada for a total of five full-line stores, including two Toronto store openings in fall 2016, which contributed $300 million in total sales.

Nordstrom’s Q4 2016 net earnings were $201 million and earnings before interest and taxes (EBIT) was $424 million, or 10.0% of net sales, compared with net earnings of $180 million and EBIT of $324 million, or 7.8% of net sales for Q4 2015. The Company’s earnings per diluted share for the quarter ended January 28, 2017, were $1.15, and when excluding the fourth quarter tax effect of the Trunk Club goodwill impairment, adjusted earnings per diluted share was $1.37, surpassing analysts’ expectations for adjusted earnings of $1.15 per share.

For FY16, Nordstrom’s earnings per diluted share of $2.02 exceeded the Company’s expectations driven by continued operational efficiencies in inventory and expense execution. Excluding the Trunk Club impairment charge, adjusted earnings per diluted share was $3.14, which was above the Company’s outlook of $2.85 to $2.95. Full year net earnings were $354 million and EBIT was $0.8 billion, or 5.6% of net sales, compared with net earnings of $600 million and EBIT of $1.1 billion, or 7.8% of net sales, for the same period in FY15.

During the quarter, Nordstrom repurchased 4.0 million shares of its common stock for $189 million. A total of approximately $1.0 billion remains under the Company’s existing share repurchase board authorizations, including the recent February 2017 authorization.

The Company generated $1.6 billion in operating cash flow and $0.6 billion in free cash flow.

Retail Insights

For Q4 2016, Nordstrom’s Retail EBIT increased $84 million compared with the same quarter last year, reflecting non-operational items in 2016 and 2015. Excluding these items, Retail EBIT increased $12 million, or 3.3%. Credit EBIT increased $16 million, primarily due to higher credit card revenues.

In the Nordstrom brand, including the US and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, decreased 1.1% and comparable sales decreased 2.7%. Nordstrom.com sales reached over $2.5 billion, representing approximately 25% of Nordstrom full-price sales. Nordstrom Rack sales grew 11% to $4.5 billion driven by 21 new store openings and 32% online growth; Nordstromrack.com/HauteLook reached $700 million, representing over 15% of off-price sales. Nordstrom Rewards active customers increased by 56% to 7.8 million; sales from Nordstrom Rewards customers represented 44% of sales.

In the Nordstrom Rack brand, which consists of Nordstrom Rack stores and Nordstromrack.com/HauteLook, net sales increased 10.7% and comparable sales increased 4.3%. The East was the top-performing geographic region. In the Nordstrom brand, including the US and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, decreased 1.1% and comparable sales decreased 2.7%.

Retail gross profit, as a percentage of net sales, was 36.0%, increasing 112 basis points compared with the same period in FY15, reflecting strong inventory execution in addition to reduced competitive markdowns. Inventory declined 2.5% which reflected a positive spread of 5% relative to sales growth.

Nordstrom’s return on invested capital (ROIC) for the 12 months ended January 28, 2017, was 8.4% compared with 10.7% in the prior 12-month period. This decrease was primarily due to the non-cash goodwill impairment of Trunk Club. Excluding this impairment, adjusted ROIC of 11.7% increased 97 basis points, benefiting from the sale of the credit card receivables.

Expansion Update

Nordstrom has announced plans to open the following stores in fiscal 2017: one new full-line store, 15 new Nordstrom Rack stores, two full-line store relocations, and one Nordstrom Rack store relocation.

Stock Performance

At the closing bell, on Tuesday, March 14, 2017, Nordstrom’s stock rose slightly by 0.41%, ending the trading session at $43.78. A total volume of 1.83 million shares were traded at the end of the day. The stock is trading at a PE ratio of 21.71 and has a dividend yield of 3.38%.

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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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: 457328