Upcoming AWS Coverage on Crocs Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 29, 2017 / Active Wall St. announces its post-earnings coverage on Caleres, Inc. (NYSE: CAL). The Company posted its fourth quarter and fiscal 2016 financial results on March 16, 2017. The footwear wholesaler missed earnings estimates. Register with us now for your free membership at:

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

One of Caleres’ competitors within the Textile – Apparel Footwear & Accessories space, Crocs, Inc. (NASDAQ: CROX), reported on March 01, 2017, its financial results for Q4 and year ended December 31, 2016. AWS will be initiating a research report on Crocs in the coming days.

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

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

Earnings Reviewed

For the three months ended January 28, 2017, Caleres reported consolidated sales of $639.5 million, up 5.1% on a y-o-y basis, with e-commerce representing 16% of total sales. For the full year, the Company’s consolidated sales were $2.58 billion, essentially flat versus 2015.

For Q4 FY16, Caleres’ Famous Footwear sales were $367.5 million, up 1.9% on a y-o-y basis as the Company operated nine more stores y-o-y, while same-store sales were up 0.3%. Famous.com sales increased nearly 40% to comprise 8.2% of total Famous Footwear reported quarter sales. For the full year, total sales at Famous Footwear were $1.59 billion, up 1.1%, while same-store sales for the year were up 0.6%.

For Q4 FY16, Famous Footwear’s gross margin of 44.0% was down 148 basis points, reflecting product mix shift within the boot category and sales growth at famous.com. For the year, Famous Footwear gross margin of 44.2% was down 75 basis points, reflecting seasonal product mix shift and sales growth at famous.com

For Caleres’ brand portfolio, Q4 FY16 sales were $272 million, up 9.6% versus the prior year. Sales numbers also included approximately 6 weeks of contribution from Allen Edmonds which was acquired in December 2016. Ecommerce sales, including the Company’s branded dot-com, drop-ship, and pure play dot-com sales, increased nearly 90% to approximately 27% of total brand portfolio sales in the reported quarter. For FY16, brand portfolio sales totaled $989.3 million, down 1.5% y-o-y, reflecting a significant and planned shift away from the mass channel throughout 2016 and an industry-wide overall reduction in initial orders.

During the reported quarter, Brand Portfolio’s gross margin was 36.4%, up nearly 260 basis points, benefitting from higher volume and improved mix. For the year, Brand Portfolio gross margin totaled 36.3%, up nearly 240 basis points, benefitting from better inventory management and a shift away from the lower margin mass channel

Adjusted net earnings of $14.3 million were up 25.0%. Adjusted diluted earnings per share were $0.33, up 26.9% excluding above charges and other items. Adjusted operating earnings were $137.2 million, up 1.5%, excluding above charges and other items

Caleres reported loss of $6.6 million, or $0.16 per share, compared to earnings of $11.41, or $0.26 per share. Earnings, adjusted for costs related to mergers and acquisitions and asset impairment costs, were $0.33 per share, missing Wall Street’s earnings expectations of $0.40 per share. For the year, net earnings were $65.7 million, with diluted earnings per share of $1.52. Adjusted net earnings were $86.5 million, down 1.6%. Adjusted diluted EPS was $2.00, which was unchanged.

Balance sheet and cash flow

Caleres’ ended the year with cash and equivalents of $55.3 million. At the end of FY16, the Company had $110 million of borrowings remaining against its revolving credit facility.

The Company’s consolidated inventory position at the end of the year was $585.8 million. Excluding Allen Edmonds, inventory was down 2.3% y-o-y. For Caleres’ brand portfolio, inventory was up 1.8% to support spring orders. And at Famous Footwear, the Company ended the year with inventory down 5.1% per store on a dollar basis. Cash from operations was $183.6 million, up 23.1%.

Stock Performance

At the close of trading session on Tuesday, March 28, 2017, Caleres’ share price finished yesterday’s trading session at $26.86, marginally up 0.22%. A total volume of 318.92 thousand shares exchanged hands. The stock has advanced 7.16% in the last six months. The Company’s shares are trading at a PE ratio of 17.66 and have a dividend yield of 1.04%. Additionally, the stock currently has a market cap of $1.15 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: 458457

Highly Respected Cancer Center to Dispense bioRenovate® CBD Product

DEERFIELD BEACH, FL / ACCESSWIRE / March 29, 2017 / Golden Grail Technology Corp. (OTC PINK: GOGY) (“Golden Grail” or the “Company”), a technology and software solutions provider to companies with unique value propositions operating in mass market consumer sectors, is extremely pleased to announce the execution of a Medical Practice Distribution Agreement between its subsidiary Accurate Venture and Southwest Cancer Center at Florida Hospital in Orlando, Florida. The five-doctor practice is one of the most prestigious in the area and services thousands of patients.

In February 2016, Golden Grail Technology acquired Accurate Venture, which develops and markets specific consumer and pharmaceutical grade Hemp Cannabidiol (CBD) supplement products. Accurate has a large marketing database of customers and offers monthly subscriptions for most of its product line.

The Agreement reduces the cost of Accurate Venture’s bioRenovate 1500mg pharmaceutical grade CBD product for all Oncology patients under Southwest Cancer Centers’ care.

Dr. Sarah Katta, commented, “We are honored to have bioRenovate available here at Southwest Cancer Center. bioRenovate is the only true pharmaceutical grade cannabis product that I trust enough to give it to my patients. They are rigorously tested for quality and maintain the highest standards. This will improve the quality of life and help may patients who have very little hope otherwise. I’m pleased to offer it to our patient population.”

Chief Executive Officer, Bill Fisher commented, “Southwest Cancer Center is one of the most respected practices in the region and it’s more than an honor to have the practice on-board. This is the first in a long line of practices across the country that we are working diligently to get distribution deals signed with and add quality of life to patients across the entire United States.”

About Southwest Cancer Center

Southwest Cancer Center was established by Dr. Thomas Katta in 1984 and has been serving Orlando for 33 years. They specialize in Hematology/Oncology and are one of the highest rated practices in the region. There are five doctors and two locations in Orlando and they serve thousands of patients, 922 Lucerne Terrace Orlando FL 32806 and 7436 Docs Grove Circle Orlando FL 32819.

About bioRenovate 1500mg 1oz Sublingual Drops

bioRenovate 1500® is a 1500mg CBD sublingual tincture produced according to pharmaceutical grade standards and testing. It is available primarily through doctor’s offices and medical practices with on-line refills can be ordered according to the recommendations of the doctor. Cannabidiol from hemp is Federally legal to distribute across all 50 states, as it is not extracted from the plant that is legally classified as marijuana. bioRenovate products consist solely of parts of the cannabis plant excluded from the CSA definition of marijuana, and therefore are not included in the new drug code (7350) or in the drug code for marijuana (7360).

They are 3rd party verified by the most respected labs in the country and manufactured according to pharmaceutical standards and testing.

About Golden Grail Technology Corp.

Golden Grail Technology Corp. (GOGY) is a technology and software solutions provider to companies with unique value propositions operating in mass market consumer sectors such as jewelry, health and personal care, beauty, electronics, pet and animal supplies, sports and games. Golden Grail’s mission is to utilize their network of industry experts, who specialize in targeting areas of business that can be accelerated with technology, in order to give small companies an opportunity to compete with industry giants.

[Doctors recommending bioRenovate products, do so on their own. Accurate Venture and Golden Grail Technology do not make claims of any specific benefits. The Food and Drug Administration has not evaluated representations regarding the efficacy and safety of bioRenovate products. The FDA only evaluates foods and drugs, not supplements like these products. These products are not intended to diagnose, prevent, treat, or cure any disease.]

For more information, please visit: http://goldengrailtechnology.com, http://accurateventure.com, http://biorenovate.com

Forward-Looking Statements

Except for the historical and present factual information contained in this press release, the matters discussed in this press release, including statements identified by words such as “will,” “expected,” “plans,” and similar expressions are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements, including the factors described in filings with OTC Markets, including but not limited to discussion under the caption “Risk Factors.” Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s judgment solely as of the date hereof.

Contact Information

Hayden IR
(917) 658-7878
hart@haydenir.com

SOURCE: Golden Grail Technology Corp.

ReleaseID: 458411

LONDON, UK / ACCESSWIRE / March 29, 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 Communication Equipment industry. Companies recently under review include Novra Technologies, Total Telcom, BeWhere Holdings, and Valdor Technology International. Get all of our free research reports by signing up at:

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

On Tuesday, March 28, 2017, at the end of trading session, the TSX Venture Composite index ended the day flat at 804.12, with a total volume of 175,885,006 shares.

Additionally, the Technology index was slightly up by 0.33%, ending the session at 59.99.

Active Wall St. has initiated research reports on the following equities: Novra Technologies Inc. (TSX-V: NVI), Total Telcom Inc. (TSX-V: TTZ), BeWhere Holdings Inc. (TSX-V: BEW), and Valdor Technology International Inc. (TSX-V: VTI). Register with us now for your free membership and research reports at:

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

Novra Technologies Inc.

Winnipeg, Canada-based Novra Technologies Inc.’s stock advanced 7.69%, to finish Tuesday’s session at $0.14 with a total volume of 23,413 shares traded. Over the last one month, Novra Technologies’ shares have gained 40.00%. Furthermore, the stock has surged 47.37% in the past one year. Shares of the Company, which provides broadband receivers/routers and applications for satellite and terrestrial broadcast markets, are trading above its 50-day of $0.11. See our research report on NVI.V at:

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

Total Telcom Inc.

On Tuesday, shares in Kelowna, Canada headquartered Total Telcom Inc. recorded a trading volume of 36,500 shares. The stock ended the day flat at $0.21. Total Telcom’s stock has rallied 162.50% in the last three months and 425.00% in the previous one year. The Company’s shares are trading above its 50-day and 200-day moving averages. The stock’s 50-day moving average of $0.19 is above its 200-day moving average of $0.12. Shares of the Company, which through its subsidiary, ROM Communications Inc., develops and provides Web to wireless products and services for commercial, industrial, and consumer applications in North America, are trading at PE ratio of 51.25. The complimentary research report on TTZ.V at:

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

BeWhere Holdings Inc.

On Tuesday, shares in BeWhere Holdings Inc. ended the session 5.00% lower at $0.29 with a total volume of 20,968 shares traded. BeWhere Holdings’ shares have gained 27.27% in the past one year. Shares of the Company, which designs and manufactures beacons and develops mobile applications, middle-ware and cloud based solutions, are trading below its 50-day and 200-day moving averages. Furthermore, the stock’s 50-day moving average of $0.31 is greater than its 200-day moving average of $0.29. Register for free and access the latest research report on BEW.V at:

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Valdor Technology International Inc.

Vancouver, Canada headquartered Valdor Technology International Inc.’s stock closed the day 25.00% lower at $0.02. The stock recorded a trading volume of 10,000 shares. Shares of the company, which operates as a communications technology Company in Canada and internationally, are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $0.03 is greater than its 50-day moving average of $0.02. Get free access to your research report on VTI.V 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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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: 458429

LONDON, UK / ACCESSWIRE / March 29, 2017 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas – Midstream industry. Companies recently under review include Inter Pipeline, Keyera, Gibson Energy, and AltaGas. 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 28, 2017, the Toronto Exchange Composite index ended the trading session at 15,598.57, 0.60% higher from its previous closing price.

The Energy Index was also in the black, closing the day at 200.63, up 2.09%.

Active Wall St. has initiated research reports on the following equities: Inter Pipeline Ltd. (TSX: IPL), Keyera Corporation (TSX: KEY), Gibson Energy Inc. (TSX: GEI), and AltaGas Ltd. (TSX: ALA). Register with us now for your free membership and research reports at:

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

Inter Pipeline Ltd.

Calgary, Canada headquartered Inter Pipeline Ltd.’s stock edged 0.85% higher, to finish Tuesday’s session at $28.36 with a total volume of 797,475 shares traded. Inter Pipeline’s shares have advanced 1.83% and 9.37%, respectively. The Company’s shares are trading above its 50-day and 200-day moving averages. Inter Pipeline’s 50-day moving average of $28.26 is above its 200-day moving average of $28.17. Shares of the Company, which engages in the petroleum transportation, natural gas liquids processing, and bulk liquid storage businesses in Canada and Europe, are trading at a PE ratio of 21.65. See our research report on IPL.TO at:

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

Keyera Corp.

On Tuesday, shares in Calgary, Canada headquartered Keyera recorded a trading volume of 230,716 shares. The stock ended the day 0.52% higher at $38.90. Keyera’s stock has advanced 1.28% in the past one year. The Company’s shares are trading below its 50-day and 200-day moving averages. The stock’s 200-day moving average of $39.66 is above its 50-day moving average of $38.94. Shares of the Company, which operates as an energy midstream company in Canada and the US, are trading at PE ratio of 32.23. The complimentary research report on KEY.TO at:

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

Gibson Energy Inc.

On Tuesday, shares in Calgary, Canada headquartered Gibson Energy Inc. ended the session 0.10% higher at $19.45 with a total volume of 273,534 shares traded. Gibson Energy’s shares have advanced 4.63% in the last one month and 2.37% in the previous three months. Furthermore, the stock has gained 12.04% in the past one year. Shares of the Company, which provides movement, storage, blending, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in Canada and the US, are trading above its 50-day and 200-day moving averages. Furthermore, the stock’s 50-day moving average of $19.10 is greater than its 200-day moving average of $18.26. Register for free and access the latest research report on GEI.TO at:

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

AltaGas Ltd.

Calgary, Canada headquartered AltaGas Ltd.’s stock closed the day 0.06% lower at $30.96. The stock recorded a trading volume of 373,735 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 $32.52 is greater than its 50-day moving average of $30.99. Shares of the Company, which operates as a diversified energy infrastructure Company in North America, are trading at a PE ratio of 31.30. Get free access to your research report on ALA.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:

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: 458430

Upcoming AWS Coverage on PriceSmart Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 29, 2017 / Active Wall St. announces its post-earnings coverage on Dollar General Corp. (NYSE: DG). The Company reported its fourth quarter and fiscal 2016 financial results on March 16, 2017. The US discount retailer surpassed top- and bottom-line expectations. Register with us now for your free membership at:

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

One of Dollar General’s competitors within the Discount, Variety Stores space, PriceSmart, Inc. (NASDAQ: PSMT), announced on March 07, 2017, that it plans to release Q2 FY17 financial results on Thursday, April 06, 2017, after the market closes. PriceSmart management plans to host a conference call at 12:00 p.m. ET on Friday, April 7, 2017, to discuss the financial results. AWS will be initiating a research report on PriceSmart in the coming days.

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

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

Earnings Reviewed

For its fourteen week ended February 03, 2017, Dollar General’s net sales increased 13.7% to $6.01 billion compared to $5.3 billion in Q4 FY15. The Company’s revenue numbers came in above analysts’ consensus of $5.97 billion.

Dollar General’s same-store sales increased 1.0% on a y-o-y basis primarily due to an increase in average transaction amount, which was partially offset by a slight decline in traffic. Same-store sales were driven by positive results in the consumables and home products categories, partially offset by negative results in the seasonal and apparel categories. The net sales increase was positively affected by sales from new stores, modestly offset by sales from closed stores.

Dollar General’s gross profit, as a percentage of sales, was 31.6% in Q4 FY16 compared to 31.8% in Q4 FY15, a decrease of 19 basis points. The decline was primarily attributable to higher markdowns, driven mainly by promotional activities and inventory clearance, and a greater proportion of sales of consumables. Partially offsetting these items were higher initial inventory mark-ups. Selling, general, and administrative expenses (“SG&A”) were $1.22 billion in the Q4 FY16 compared to $1.07 billion in Q4 FY15, an increase of 6 basis points as a percentage of sales.

The Company’s net income and diluted EPS for the Q4 FY16 were $414 million and $1.49, respectively, compared to net income and diluted EPS of $376 million and $1.30, respectively, in Q4 FY15. Dollar General’s earnings numbers surpassed market estimates of $1.41 per share.

Full Year 2016 Financial Results

Dollar General’s full year 2016 net sales increased 7.9% to $22.0 billion compared to net sales of $20.4 billion in FY15. Same-store sales increased 0.9%, primarily due to an increase in average transaction amount accompanied by traffic that was essentially unchanged as compared to the prior year.

The Company’s gross profit rate was 30.8% of sales in FY16 compared to 31.0% in FY15, a decrease of 11 basis points. Full year SG&A was 21.5% of sales compared to 21.4% in FY15, an increase of 3 basis points.

For FY16, Dollar General’s net income was $1.25 billion, or diluted EPS of $4.43, compared to net income of $1.17 billion, or diluted EPS of $3.95, for FY15, with diluted EPS growing 12.2%.

Merchandise Inventories

As of February 03, 2017, Dollar General’s total merchandise inventories, at cost, were $3.26 billion compared to $3.07 billion as of January 29, 2016, a decrease of approximately 0.7% on a per store basis.

Capital Expenditures

Dollar General recorded that total additions to property and equipment during FY16 were $560 million, including approximately $201 million for distribution and transportation related projects, $168 million for improvements, upgrades, remodels and relocations of existing stores; $120 million for new leased stores, primarily for leasehold improvements, $38 million for stores purchased or built by the Company and $26 million for information systems upgrades and technology-related projects. During FY16, Dollar General opened 900 new stores and remodelled or relocated 906 stores.

Share Repurchases

Dollar General repurchased $990 million, or 12.4 million shares, under its share repurchase program in FY16, at an average price of $80.17 per share. Since December 2011 through the end of FY16, the Company has repurchased 74.4 million shares of its common stock at a total cost of $4.6 billion, at an average price of $61.41 per share. The total remaining authorization for future repurchases was approximately $930 million at the end of FY16.

Dividend

On March 15, 2017, Dollar General’s Board of Directors approved an increase of 4% its quarterly cash dividend to shareholders. The first quarter dividend of $0.26 per share will be payable on April 25, 2017, to shareholders of record of the Company’s common stock on April 11, 2017.

Fiscal 2017 Guidance

For the 52-week fiscal year ending February 2, 2018 (“FY17”), Dollar General is forecasting net sales to increase 4 to 6% with same-store sales growth to be slightly positive to up 2% diluted EPS to be in the range of $4.25 to $4.50.

Share repurchases for FY17 are expected to be approximately $450 million. The Company plans to open approximately 1,000 new stores and relocate or remodel 900 stores in FY17. Capital expenditures for FY17 are expected to be in the range of $650 million to $700 million.

Stock Performance

At the close of trading session on Tuesday, March 28, 2017, Dollar General’s stock price slightly fell 0.61% to end the day at $68.55. A total volume of 2.35 million shares were exchanged during the session. The Company’s shares are trading at a PE ratio of 15.44 and have a dividend yield of 1.52%. Moreover, he stock currently has a market cap of $18.93 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: 458419

Upcoming AWS Coverage on Asanko Gold Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 29, 2017 / Active Wall St. announces its post-earnings coverage on B2Gold Corp. (NYSE: BTG). The Company released its fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) earnings on March 16, 2017. The Vancouver, British Columbia-based Company’s quarterly gold revenues surged 30% y-o-y, beating market consensus forecasts. Register with us now for your free membership at:

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

One of B2Gold’s competitors within the Gold space, Asanko Gold Inc. (NYSE: AKG), reported on March 16, 2017, its Q4 2016 and full year 2016 operating and financial results. AWS will be initiating a research report on Asanko Gold in the coming days.

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

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

Earnings Reviewed

During the Q4 FY16, B2Gold reported revenues of $181.19 million compared to $139.01 million in Q4 FY15. Revenues number for Q4 FY16 outperformed market expectations of $174.37 million. The Company attributed the growth in quarterly gold revenues to record gold sales of 151,524 ounces at an average price of $1,196 per ounce in Q4 FY16 compared to gold sales of 127,482 ounces at an average price of $1,090 per ounce in Q4 FY15. Additionally, consolidated gold production during Q4 FY16 was 140,651 ounces, rising 7%, or 9,182 ounces, y-o-y.

The gold mining Company reported net income of $8.08 million, or $0.00 per diluted share, in Q4 FY16 against net loss of $115.09 million, or $0.13 loss per diluted share, in the prior year’s comparable quarter. In Q4 FY16, adjusted net income was $2.5 million, or $0.00 per share, compared to $1.6 million, $0.00 per share, in Q4 FY15. Meanwhile, Wall Street had expected the Company to report adjusted net income of $0.03 per diluted share.

B2Gold’s revenues rose to a record $683.29 million during FY16 from $553.66 million in FY15. The Company’s net income for FY16 was $38.60 million, or $0.04 per diluted share, compared to a net loss of $145.11 million, or $0.16 loss per diluted share, in FY15. Meanwhile, the adjusted earnings for FY16 stood at $99.0 million, or $0.11 per share, versus $13.3 million, or $0.01 per share, in FY15. Furthermore, the Company reported a record annual consolidated gold production in FY16 of 550,423 ounces of gold, up 12%, or 57,158 ounces, y-o-y and achieving revised production guidance range of 535,000 to 575,000 ounces; also surpassing initial guidance range of 510,000 to 550,000 ounces.

Operational Metrics

For the reported quarter, total cost of sales was $138.74 million compared to $117.80 million in Q4 FY15. The Company gross profit for Q4 FY16 was $42.45 million versus $21.21 million in the year ago same period.

The Company’s consolidated cash operating costs for Q4 FY16 was $546 per ounce compared to $527 per ounce in Q4 FY15. The consolidated AISC (all-in sustaining cost) was $877 per ounce in Q4 FY16 versus $807 per ounce in Q4 FY15. Furthermore, the Company reported operating income of $15.18 million in Q4 FY16 against operational loss of $106.07 million in the prior year’s comparable quarter.

Cash Flow and Balance Sheet

In the three months ended December 31, 2016, net cash generated by operating activities rose to $82.34 million from $48.51 million in Q4 FY15. As on December 31, 2016, cash and cash equivalents balances stood at $144.67 million compared to a balance of $85.14 million as on December 31, 2015. Furthermore, the Company’s long-term debt position as on December 31, 2016 was $472.85 million, higher than $451.47 million recorded on December 31, 2015.

Earnings Outlook

In its outlook for full year FY17, the Company expects gold production in the range of 545,000 to 595,000 ounces. In FY17, consolidated cash operating costs are projected to be between $610 and $650 per ounce. Furthermore, consolidated AISC are forecasted to be in the range of $940 and $970 per ounce in FY17.

Stock Performance

On Tuesday, March 28, 2017, the stock closed the trading session at $2.83, dropping 4.71% from its previous closing price of $2.97. A total volume of 7.78 million shares have exchanged hands, which was higher than the 3-month average volume of 6.07 million shares. B2Gold’s stock price surged 33.49% in the last three months, and 62.64% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 19.41%. At Tuesday’s closing price, the stock’s net capitalization stands at $2.73 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: 458426

Upcoming AWS Coverage on Signet Jewelers Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 29, 2017 / Active Wall St. announces its post-earnings coverage on Tiffany & Co. (NYSE: TIF). The Company disclosed its fourth quarter and fiscal 2016 financial results on March 17, 2017. This designer and retailer of fine jewelry reported a 1% increase in worldwide sales and also provided outlook for FY17. Register with us now for your free membership at:

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

One of Tiffany’s competitors within the Jewelry Stores space, Signet Jewelers Ltd (NYSE: SIG), reported on March 09, 2017, its results for the 13 weeks (“Q4 FY17”) and 52 weeks (“FY17”) ended January 28, 2017. AWS will be initiating a research report on Signet Jewelers in the coming days.

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

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

Earnings Reviewed

For the three months ended January 31, 2017, Tiffany’s worldwide net sales increased 1% to $1.23 billion, while comparable store sales remained unchanged from the prior year. On a constant-exchange-rate basis, worldwide net sales rose 2%. The Company’s revenue numbers exceeded analysts’ consensus of $1.22 billion. For FY16, Tiffany’s worldwide net sales were $4.0 billion down 3% on a y-o-y basis, reflecting a 5% decline in comparable store sales.

Tiffany’s gross margins in Q4 FY16 totaled 64.1% compared to 63.0% in Q4 FY15 while in the full year gross margin was 62.2% versus 60.7% in the prior year. The higher margins were due to favorable product input costs and price increases taken in the prior year as well as favorable changes in product sales mix.

For Q4 FY16, Tiffany reported net earnings of $158 million, or $1.26 per diluted share, compared with $163 million, or $1.28 per diluted share, in the prior year. Net earnings included charges in the current year totaling $0.19 per diluted share for the impairment of capitalized software development costs and the impairment of loans to diamond mining companies. On an adjusted basis, the Company reported net earnings of $182 million, or $1.45 per diluted share, compared to net earnings of $187 million, or $1.46 per diluted share, in the year ago same period. Tiffany’s earnings numbers surpassed market expectations of $1.37 per share.

For FY16, Tiffany’s net earnings were $446 million, or $3.55 per diluted share, compared with the prior year’s $464 million, or $3.59 per diluted share. On an adjusted basis, the Company reported net earnings of $470 million, or $3.75 per diluted share, lower than the prior year’s $494 million, or $3.83 per diluted share.

Sales Details

In the Americas, total sales declined 5% to $1.8 billion in FY16 and 3% in Q4 FY16 to $587 million, and comparable store sales declined 6% and 2%, respectively. Sales in Tiffany’s New York flagship store declined 11% in the full year and 7% in the reported quarter, and represented less than 10% of worldwide net sales in both periods.

In Asia/Pacific region, total sales of $1 billion in FY16 were approximately equal to the prior year, and total sales of $284 million in Q4 FY16 grew 9% on a y-o-y basis, benefitting from the opening of new stores. Comparable store sales declined 9% and 2%, respectively. During the year, management attributed performance in this region to increased purchasing by local customers and declines in spending by foreign tourists. In addition, there was strong retail sales growth in China, increased wholesale sales in Korea, a decelerating rate of retail sales decline in Hong Kong, and varying performance in other countries.

For Q4 FY16 and FY16, Tiffany’s total sales in Japan, rose 15% to $185 million and 12% to $604 million in the full year, comparable store sales increased 19% and 16%, respectively. Management attributed sales growth in both periods to higher spending by local customers, with declines in spending by Chinese tourists.

In Europe, total sales were $146 million in Q4 FY16 and $458 million in the full year, down 7% and 10%, respectively, which was below the prior year. Comparable store sales declined 9% and 14%, respectively. The Company attributed results throughout the year to lower spending by local customers and foreign tourists across continental Europe.

Tiffany recorded Other sales of $99 million in FY16 and $28 million in Q4 FY16, down 8% and 12%, respectively. Comparable store sales declined 15% in the full year and 3% in the reported quarter, due to lower retail sales in the United Arab Emirates (“UAE”).

Store Update

In FY16, Tiffany opened 11 Company-operated stores and closed five locations. These, coupled with relocations of five stores, resulted in a net increase in gross retail square footage of approximately 3%. At January 31, 2017, the Company operated 313 stores (125 in the Americas, 85 in Asia/Pacific, 55 in Japan, 43 in Europe, and 5 in UAE) compared to 307 stores in the year ago same period (124 in the Americas, 81 in Asia/Pacific, 56 in Japan, 41 in Europe, and 5 in the UAE).

Cash Flow & Balance Sheet

During FY16, Tiffany generated $702 million of cash flow from operating activities and $479 million of free cash flow. The Company’s cash and cash equivalents and short-term investments increased to $986 million at January 31, 2017, from $887 million at the prior year-end. Total debt (short-term and long-term) as a percentage of stockholders’ equity was 37% at both January 31, 2017 and 2016. Tiffany’s net inventories at January 31, 2017, were 3% lower than at the prior year-end.

Tiffany spent $184 million in the full year to repurchase 2.8 million shares of its Common Stock at an average total cost of $65 per share, which included spending $3 million in Q4 FY16 to repurchase approximately 39,000 shares at an average total cost of $73 per share. At January 31, 2017, $310 million remained available for repurchases under a program that authorizes the repurchase of up to $500 million of the Company’s Common Stock which expires on January 31, 2019.

Fiscal 2017 Outlook

For the fiscal year ending January 31, 2018, Tiffany is expecting worldwide net sales to increase over the prior year by a low-single-digit percentage and by a mid-single-digit percentage on a constant-exchange-rate basis and net earnings per diluted share increasing by a high-single-digit percentage over 2016’s earnings per diluted share. The Company is also forecasting net cash provided by operating activities of approximately $700 million and free cash flow of approximately $450 million for FY17.

Stock Performance

On Tuesday, March 28, 2017, the stock closed the trading session at $96.05, climbing 1.03% from its previous closing price of $95.07. A total volume of 1.55 million shares have exchanged hands. Tiffany’s stock price surged 25.15% in the last three months, 36.05% in the past six months, and 36.96% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 24.67%. The stock is trading at a PE ratio of 26.97 and has a dividend yield of 1.87%.

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: 458423

Upcoming AWS Coverage on Intuit Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 29, 2017 / Active Wall St. announces its post-earnings coverage on Adobe Systems Inc. (NASDAQ: ADBE). The Company announced its second quarter fiscal 2017 financial results on March 16, 2017. The maker of software like Photoshop and Illustrator smashed passed top- and bottom-line expectations. Register with us now for your free membership at:

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

One of Adobe Systems’ competitors within the Application Software space, Intuit Inc. (NASDAQ: INTU), reported on February 23, 2017, its financial results for Q2 FY17, which ended January 31, 2017. AWS will be initiating a research report on Intuit in the coming days.

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

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

Earnings Reviewed

For the three months ended March 03, 2017, Adobe achieved record revenue of $1.68 billion, up 21.6% on a y-o-y basis. The Company’s revenue surpassed its own guidance of $1.63 billion and also exceeded analysts’ consensus of $1.64 billion.

During Q1 FY17, the Company’s Subscription comprised 82% of Adobe’s quarterly revenues, up 29.3% from the year-ago same period, while Products contributed 11% of revenues, down 8.8% on a y-o-y basis, and Services & Support which contributed the remaining portion of revenue, was up 2.2% y-o-y.

For Q1 FY17, Adobe reported earnings of $398.5 million, or $0.80 per share. Post adjustments for stock-based compensation and other factors, the Company recorded earnings of $0.94 per share, up 42% on a y-o-y basis. The Company’s earnings numbers surpassed market expectations of $0.87 per share.

Segment Results

During Q1 FY17, Adobe’s revenues from Digital Media Solutions surged 22% on a y-o-y basis to $1.14 billion. The Company’s Total Digital Media Annualized Recurring Revenue (ARR) grew to $4.25 billion at the end of the reported quarter, reflecting an addition of $265 million of net new digital ARR. Within Digital Media, Adobe delivered Creative revenue of $942 million which represents 29% growth on a y-o-y basis. Furthermore, the Company increased Creative ARR by $244 million during Q1 FY17 and exited the quarter with $3.76 billion of Creative ARR.

Adobe stated that Q1 FY17 ARR performance was driven by strong subscription adoption and retention, strength with Creative Cloud for teams – particularly in Europe – and continued growth with Adobe Stock. Creative Cloud ARPU was either steady or grew quarter-over-quarter across all offerings in Q1.

With Document Cloud, Adobe achieved revenue of $196 million. Document Cloud ARR grew to $493 million exiting Q1 FY17, driven by continued adoption of Acrobat subscriptions and value added services such as Adobe Sign.

In Digital Marketing, Adobe achieved record Adobe Marketing Cloud revenue of $477 million, which represents 26% y-o-y growth. TubeMogul added $32 million of revenue in the reported quarter, which was $13 million above the Company’s target of $19 million.

Mobile data transactions grew to 56% of total Adobe Analytics transactions in the reported quarter. Total data transactions in Q1 FY17 grew to 41.3 trillion, and in the trailing four quarters, data transactions with the Company’s Marketing Cloud solutions exceeded 100 trillion. Adobe had $18.3 million in hedge gains in Q1 FY17 versus $8.1 million in hedge gains in Q4 FY16 and $3.2 million in hedge gains in Q1 FY16.

Balance Sheet

For Q1 FY17, Adobe’s trade DSO was 46 days which compared to 42 days in the year-ago corresponding quarter and 47 days in the previous quarter. Deferred revenue grew to a record $2.06 billion, up 28% on a y-o-y basis. The Company’s cash and short-term investment position exiting Q1 FY17 was $4.65 billion. Cash flow from operations was a record $730 million in the reported quarter.

In Q1 FY17, Adobe repurchased approximately 2.2 million shares at a cost of $238 million. The Company has $300 million remaining under the January 2015 authority, post which it will begin repurchases under its new $2.5 billion authority granted in January 2017.

Outlook

In Q2 FY17, Adobe is targeting revenue of approximately $1.73 billion. The Company is expecting to achieve approximately $290 million of net new Digital Media ARR in Q2 FY17. Adobe is forecasting Digital Media segment y-o-y growth of approximately 24% and Adobe Marketing Cloud y-o-y revenue growth of approximately 26%.

Stock Performance

On Tuesday, March 28, 2017, the stock closed the trading session at $128.69, slightly up 0.34% from its previous closing price of $128.25. A total volume of 2.21 million shares have exchanged hands. Adobe Systems’ stock price rallied 22.54% in the last three months, 19.98% in the past six months, and 38.05% in the previous twelve months. Furthermore, on a year to date basis, the stock surged 25.00%. Shares of the company have a PE ratio of 49.25.

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: 458431

Upcoming AWS Coverage on Fairmount Santrol Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 29, 2017 / Active Wall St. announces its post-earnings coverage on Ferroglobe PLC (NASDAQ: GSM). The Company posted its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on March 16, 2017. The London, UK-based Company’s quarterly sales rose sequentially. Register with us now for your free membership at:

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

One of Ferroglobe’s competitors within the Industrial Metals & Minerals space, Fairmount Santrol Holdings Inc. (NYSE: FMSA), reported on March 09, 2017, results for the fourth quarter and full year ended December 31, 2016. AWS will be initiating a research report on Fairmount Santrol in the coming days.

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

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

Earnings Reviewed

During the quarter ended on December 31, 2016, Ferroglobe’s sales increased to $394.37 million from $364.73 million recorded at the end of Q3 FY16. However, sales numbers for Q4 FY16 marginally missed market consensus estimates of $394.8 million.

The producer of silicon metal and silicon-based alloys reported loss attributable to the parent of $40.09 million, or $0.23 loss per diluted ordinary share, in Q4 FY16 compared to loss attributable to the parent of $28.52 million, or $0.17 loss per diluted ordinary share, in Q3 FY16. The Company reported adjusted loss attributable to the parent of $16.89 million, or $0.09 loss per diluted ordinary share, during Q4 FY16 versus adjusted loss attributable to the parent of $14.60 million, or $0.09 loss per diluted ordinary share, in the previous quarter. Meanwhile, Wall Street had expected the Company to report adjusted loss of $0.17 per ordinary share.

In FY16, Ferroglobe’s sales came in at $1.58 billion compared to $2.04 billion in the previous year. The Company reported loss attributable to the parent of $136.55 million, or $0.79 loss per diluted ordinary share, in FY16 versus loss attributable to the parent of $96.60 million in FY15. Furthermore, the Company reported adjusted loss attributable to the parent during FY16 of $40.64 million, or $0.24 per ordinary share.

Operational Metrics

For the reported quarter, the Company’s cost of sales was at $278.76 million, up from $236.63 million in the prior quarter. The Company reported operating loss of $55.45 million during Q4 FY16 compared to operating loss of $33.66 million in Q3 FY16. The Company posted negative EBITDA during Q4 FY16 of $23.25 million compared to a negative EBITDA of $3.22 million in Q3 FY16. Furthermore, the Company’s adjusted EBITDA for the reported quarter stood at $9.09 million, or 2.3% of sales, versus $12.80 million, or 3.5% of sales, in Q3 FY16.

Ferroglobe shipped 83,950 metric tons of Silicon Metal in Q4 FY16, up 3.53% from 81,091 metric tons shipment of Silicon Metal in Q3 FY16. Silicon Alloys shipment increased 13.17% q-o-q to 78,698 metric tons in Q4 FY16 from 69,539 metric tons in Q3 FY16. During the reported quarter, Manganese Alloys shipment surged 31.26% sequentially to 77,927 metric tons from 59,368 metric tons in Q3 FY16. Additionally, total shipments during Q4 FY16 were 240,575 metric tons compared to 209,998 metric tons in Q3 FY16.

Cash Flow & Balance Sheet

During Q4 FY16, Ferroglobe’s net cash provided by operating activities were $38.08 million, up from $22.48 million in Q3 FY16. Free cash flow during Q4 FY16 stood at $20.3 million compared to $11.7 million in Q3 FY16. At the close of books in the reported quarter, Ferroglobe had $196.98 million in cash, compared to $119.17 million at the close of books on September 30, 2016. Furthermore, the Company’s net debt at the end of Q4 FY16 was $404.6 million compared to $430.0 million at the end of Q3 FY16.

Stock Performance

At the closing bell, on Tuesday, March 28, 2017, Ferroglobe’s stock rose 2.98% from its previous closing price of $9.73, ending the trading session at $10.02. A total volume of 433.00 thousand shares were traded at the end of the day. In the last six months and previous twelve months, shares of the Company have surged 14.54% and 16.03%, respectively. The stock has a dividend yield of 3.19% and currently has a market cap of $1.74 billion.

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

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Upcoming AWS Coverage on Delta Air Lines

LONDON, UK / ACCESSWIRE / March 29, 2017 / Active Wall St. blog coverage looks at the headline from American Airlines Group Inc. (NASDAQ: AAL) as the Company announced on March 28, 2017, that it will make a US$200 million equity investment in China Southern Airlines, creating a strong foundation for a long-term relationship between two of the world’s biggest carriers, marking the second foray by a US carrier into the world’s fastest-growing commercial aviation sector. Register with us now for your free membership and blog access at:

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

One of American Airlines Group’s competitors within the Major Airlines space, Delta Air Lines, Inc. (NYSE: DAL), is estimated to report earnings on April 13, 2017. AWS will be initiating a research report on Delta Air Lines following the release of its next earnings results.

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

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

Two Behemoths

American Airlines is the largest airline in the world and together with American Eagle offers an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries.

China Southern is the largest airline in China, with over 100,000 employees around the globe. China Southern ranked 1st in Asia and 4th in the world with regards to traffic volume and fleet size in 2016. China Southern’s primary hub is located in Guangzhou (CAN) with the majority of its transpacific flights positioned there, while American Airlines flies to Beijing (PEK) and Shanghai (PVG) from its hubs in Chicago (ORD), Dallas Fort Worth (DFW) and Los Angeles (LAX). The carriers are planning to give travellers not only the amenities, features, and the products that they want at different price points, but also a bigger network that serves the markets to which they want to travel.

“China Southern’s extensive network within China touches developing and thriving markets that only a Chinese carrier can reach and they have a reputation and record of excellence,” said Robert Isom, President of American Airlines, “We are two of the biggest carriers in the world and our networks are highly complementary, with the potential to offer China Southern and American customers an unmatched range of destinations in two critical markets for business and leisure travellers. This investment will allow us to build a relationship that will benefit our teams, the communities we serve and the millions of customers around the globe who travel with us each day.”

“We’re pleased to begin this relationship to better connect two of the world’s largest aviation markets and leading economies. Our cooperation has the possibility to create enormous benefits for our industry and customers around the world as we work to offer them more travel options and better value,” said China Southern Chairman Wang Cheng Shun.

Transaction Details

American Airlines will own around 2.68% of China Southern’s outstanding shares after paying HK$1.55 billion ($199.6 million) to the airline. As per a regulatory filing, in the Hong Kong stock exchange, China Southern will issue 270.61 million Hong Kong-listed H-shares, representing 2.68% of outstanding shares of the airline.

In 2015, Delta Airlines acquired a 3.55% stake in China Eastern Airlines for approximately $450 million.

Moving Forward

Later this year, American Airlines and China Southern are expected to begin codeshare and interline agreements that will provide customers access to many more destinations in China, as well as North and South America. American Airlines’ customers will be able to access nearly 40 destinations beyond Beijing and more than 30 destinations beyond Shanghai. China Southern customers will gain access to almost 80 destinations beyond LAX, San Francisco (SFO), and New York’s Kennedy Airport (JFK) in North and South America. The expected codeshare routes are anticipated to include the ability to earn and redeem AAdvantage® Miles, through-bag checking and the ability to book travel on a single ticket. The planned routes operating under the interline agreement are anticipated to include through-bag checking to the traveller’s final destination.

American Airlines currently offers daily service from DFW to Hong Kong (HKG), PEK and PVG; LAX to HKG and PVG; and ORD to PEK and PVG. All flights to PEK and PVG are operated on the airline’s Boeing 787-8 Dreamliner, while its HKG flights are operated using its Boeing 777-300. American Airlines also has Chinese-speaking flight attendants and offers fully lie-flat seats in first and business class cabins on all of its transpacific flights between China and the US.

Stock Performance

At the close of trading session on Tuesday, March 28, 2017, following the announcement, American Airlines’ share price finished yesterday’s trading session at $42.60, climbing 2.06%. A total volume of 6.18 million shares exchanged hands. The stock has advanced 22.54% and 4.12% in the last six months and past twelve months, respectively. The stock is trading at a PE ratio of 8.92 and has a dividend yield of 0.94%.

Active Wall Street:

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

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

PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

CONTACT

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

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

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

SOURCE: Active Wall Street

ReleaseID: 458425