TORONTO, ON / ACCESSWIRE / April 28, 2017 / Northern Sphere Mining Corp. (CSE: NSM) (“Northern Sphere” or the “Company”) is pleased to announce the appointment of Monique L. Delorme, CPA, CA as Chief Financial Officer.

“Monique is known as a strategic CFO with strong execution and communication skills. She has been working with Northern Sphere for more than 3 years as a financial consultant and we are excited to have Monique take on the challenges of the role of CFO as we move forward in our growth plans,” said John Carter, CEO of Northern Sphere.

Ms. Delorme is a Chartered Professional Accountant with more than 25 years of senior finance/executive experience with both large and small publicly traded companies. She has held several corporate positions with TSX-listed companies where she has lead teams in the areas of financial reporting, corporate governance, change management, administration and IT. Ms. Delorme graduated from McGill University with a bachelor of commerce and a postgraduate degree in public accountancy and holds a Canadian CPA designation in Ontario and a US CPA designation from Chicago, Illinois.

The appointment of Ms. Delorme follows the resignation of Robin Pilkey as Chief Financial Officer. Northern Sphere wishes to thank Ms. Pilkey for her many years of service and dedication to the Company.

About Northern Sphere Mining Corp.

Northern Sphere Mining is dedicated to growth through the acquisition and development of mining assets, with an emphasis on near term production opportunities. Headquartered in Toronto, Ontario, Northern Sphere Mining has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.

Cautionary Statements

This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.

For further information, please contact:

A. John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Northern Sphere Mining Corp.

ReleaseID: 460971

LONDON, UK / ACCESSWIRE / April 28, 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 Consumer Cyclical Sector/ Autos industry. Companies recently under review include Pacific Insight Electronics, AutoCanada, Exco Technologies, and Grande West Transportation Group. Get all of our free research reports by signing up at:

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

On Thursday, April 27, 2017, the Toronto Exchange Composite Index was down 0.91%, finishing the day at 15,506.47. The TSX Venture Composite Index, on the other hand, closed at 800.41, down 0.78%.

Active Wall St. has initiated research reports on the following equities: Pacific Insight Electronics Corporation (TSX: PIH), AutoCanada Inc. (TSX: ACQ), Exco Technologies Ltd. (TSX: XTC), and Grande West Transportation Group Inc. (TSX-V: BUS). Register with us now for your free membership and research reports at:

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Pacific Insight Electronics Corp.

Nelson, Canada headquartered Pacific Insight Electronics Corp.’s stock edged 0.24% higher, to finish Thursday’s session at $8.32 with a total volume of 10,100 shares traded. Pacific Insight Electronics’ shares have advanced 4.65% in the past one month. The Company’s shares are trading below its 50-day and 200-day moving averages. Pacific Insight Electronics’ 200-day moving average of $8.98 is above its 50-day moving average of $8.39. Shares of the Company, which together with its subsidiaries, designs, develops, manufactures, and sells electronic products and full service solutions in the US, Canada, and internationally, are trading at a PE ratio of 7.52. See our research report on PIH.TO at:

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

AutoCanada Inc.

On Thursday, shares in Edmonton, Canada headquartered AutoCanada Inc. recorded a trading volume of 116,226 shares, which was above their three months average volume of 90,341 shares. The stock ended the day 0.13% higher at $23.43. AutoCanada’s stock has gained 9.28% in the last one month and 14.13% in the previous one year. The Company’s shares are trading above its 50-day and 200-day moving averages. The stock’s 200-day moving average of $23.24 is above its 50-day moving average of $22.75. Shares of the Company, which through its subsidiaries, operates franchised automobile dealerships in Canada, are trading at PE ratio of 260.33. The complimentary research report on ACQ.TO at:

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

Exco Technologies Ltd.

On Thursday, shares in Markham, Canada-based Exco Technologies Ltd. ended the session 2.90% higher at $11.34 with a total volume of 129,430 shares traded. Exco Technologies’ shares have gained 7.59% in the past three months. The stock is trading above its 200-day moving average. Further, the stock’s 50-day moving average of $11.52 is greater than its 200-day moving average of $11.13. Shares of Exco Technologies, which together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries, are trading at a PE ratio of 10.31. Register for free and access the latest research report on XTC.TO at:

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

Grande West Transportation Group Inc.

Aldergrove, Canada headquartered Grande West Transportation Group Inc.’s stock closed the day 0.69% lower at $2.86. The stock recorded a trading volume of 419,063 shares. Grande West Transportation Group’s shares have surged 61.58% in the last three months and 276.32% in the past one year. Shares of the company, which through its subsidiary, Grande West Transportation International Ltd, focuses on the manufacture and sale of transit buses under the Vicinity brand in North America, are trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $2.98 is greater than its 200-day moving average of $1.96. Get free access to your research report on BUS.V at:

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

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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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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 ,[or 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.

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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

ReleaseID: 460963

LONDON, UK / ACCESSWIRE / April 28, 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 Aerospace & Defense industry. Companies recently under review include Bombardier, CAE Inc., Augusta Industries, and FLYHT Aerospace Solutions. Get all of our free research reports by signing up at:

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

At the close of the Canadian markets on Thursday, April 27, 2017, the Toronto Exchange Composite index ended the trading session at 15,506.47, 0.91% lower from its previous closing price. The TSX Venture Composite Index, on the other hand, closed at 800.41, down 0.78%.

The Industrials Index was in the black, closing the day at 217.01, up 0.53%.

Active Wall St. has initiated research reports on the following equities: Bombardier Inc. (TSX: BBD-B), CAE Inc. (TSX: CAE), Augusta Industries Inc. (TSX-V: AAO), and FLYHT Aerospace Solutions Ltd. (TSX-V: FLY). Register with us now for your free membership and research reports at:

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Bombardier Inc.

Montréal, Canada-based Bombardier Inc.’s stock fell 2.65%, to finish Thursday’s session at $2.20 with a total volume of 4.35 million shares traded. Over the last one month and the previous one year, Bombardier’s shares have gained 5.77% and 16.40%, respectively. Shares of the Company, which together with its subsidiaries, manufactures and sells transportation equipment worldwide, are trading above its 50-day and 200-day moving averages. Bombardier’s 200-day moving average of $2.16 is above its 50-day moving average of $2.14. See our research report on BBD-B.TO at:

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

CAE Inc.

On Thursday, shares in Saint-Laurent, Canada headquartered CAE Inc. recorded a trading volume of 438,209 shares. The stock ended the day 1.05% lower at $20.68. CAE’s stock has advanced 2.38% in the last one month and 10.06% in the previous three months. Furthermore, the stock has surged 39.35% in the past 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 $20.19 is above its 200-day moving average of $19.39. Shares of the Company, which together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide, are trading at PE ratio of 22.93. The complimentary research report on CAE.TO at:

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

Augusta Industries Inc.

On Thursday, shares in Mississauga, Canada headquartered Augusta Industries Inc. ended the session 14.29% higher at $0.04 with a total volume of 30,000 shares traded. Augusta Industries’ shares have rallied 100.00% in the past one year. Shares of the Company, which together with its subsidiaries, engages in the design, development, manufacture, and supply of systems using fiber optic sensors, related monitoring instruments, and software in the US, Canada, Middle East, and internationally, are trading below its 200-day moving average. Furthermore, the stock’s 200-day moving average of $0.05 is greater than its 50-day moving average of $0.04. Register for free and access the latest research report on AAO.V at:

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

FLYHT Aerospace Solutions Ltd.

Calgary, Canada headquartered FLYHT Aerospace Solutions Ltd.’s stock closed the day 4.26% lower at $0.23. The stock recorded a trading volume of 116,145 shares. FLYHT Aerospace Solutions’ shares have gained 21.05% in the previous one year. The company’s shares are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 50-day moving average of $0.27 is greater than its 200-day moving average of $0.24. Shares of the Company, which designs, develops, and services real-time data communication solutions for the commercial, business, leasing, and military operators worldwide, are trading at a PE ratio of 25.00. Get free access to your research report on FLY.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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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: 460964

Upcoming AWS Coverage on Medtronic

LONDON, UK / ACCESSWIRE / April 28, 2017 / Active Wall St. announces its post-earnings coverage on Stryker Corp. (NYSE: SYK). The Company disclosed its first quarter fiscal 2017 results on April 25, 2017. The medical technology Company outperformed sales and earnings expectations. Register with us now for your free membership at:

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

One of Stryker’s competitors within the Medical Appliances & Equipment space, Medtronic PLC (NYSE: MDT), is estimated to report earnings on May 30, 2017. AWS will be initiating a research report on Medtronic following the release of its next earnings results.

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

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

Earnings Reviewed

For the three months ended March 31, 2017, Stryker’s consolidated net sales increased 18.4% as reported 18.8% in constant currency to $2.96 billion compared to net sales of $2.50 billion for Q1 2016. Excluding the 10.6% impact of acquisitions, the Company’s net sales in the reported quarter increased 8.2% in constant currency, including 9.2% from increased unit volume partially offset by 1.0% due to lower prices. The acquisition of Sage Products LLC and Physio-Control International, Inc. contributed $245 million to the Company’s consolidated net sales. Stryker’s sales numbers topped analysts’ consensus of $2.91 billion.

For Q1 2017, Stryker’s adjusted gross margin of 66.5% was down 150 basis points on a y-o-y basis. Compared to the year ago same period, the Company’s gross margin was unfavorably impacted primarily by acquisitions as well as business mix and foreign currency. The Company’s adjusted operating margin was 24.2% of sales for the reported quarter, essentially flat to the prior year’s same quarter.

Stryker’s reported net earnings of $444 million increased 10.4% compared to net earnings of $402 million in Q1 2016. The Company’s earnings per diluted share of $1.17 increased 9.3% compared to earnings of $1.07 per share in the year earlier same quarter. Reported net earnings include certain charges for the amortization of purchased intangible assets, Rejuvenate and ABG II and other recall matters, restructuring-related activities and acquisition and integration related activities. Excluding the impact of these items, adjusted net earnings of $560 million increased 19.7%, while on per share basis it surged 19.4% to $1.48. The Company’s earnings numbers surpassed Wall Street’s estimates of $1.43 per share.

Segment Results

During Q1 2017, Stryker’s MedSurg segment’s net sales surged 36.2% on reported and 36.6% in constant currency basis to $1.31 billion. Excluding the 25.8% impact of acquisitions, net sales in the reported quarter increased 10.8% in constant currency, including 9.8% from increased unit volume and 1.0% due to higher prices.

Stryker’s Orthopedics’ net sales grew 7.4% in Q1 2017 to $1.14 billion, as foreign currency exchange rates negatively impacted net sales by 0.4%. Excluding the 0.6% impact of acquisitions, the segment’s net sales in the reported quarter increased 7.2% in constant currency, including 9.9% from increased unit volume partially offset by 2.7% due to lower prices.

For Q1 2017, Stryker’s Neurotechnology and Spine segment generated met sales of $0.52 billion, up 7.3% as reported and 7.7% in constant currency basis. Excluding the 2.4% impact of acquisitions, net sales in the quarter increased 5.3% in constant currency, including 6.3% from increased unit volume partially offset by 1.0% due to lower prices.

Balance Sheet & Cash Flow

As of March 31, 2017, Stryker maintained a strong position, with $3.3 billion of cash and marketable securities, of which approximately 85% was held outside the US. Total debt on the balance sheet at the end of Q1 2017 $7.2 billion. The Company generated cash from operations of approximately $151 million. During the reported quarter, Stryker completed a $230 million share repurchase, which will offset the impact of dilution in 2017.

Outlook

For Fiscal 2017, Stryker reaffirmed organic sales growth forecast to be in the range of 5.5% – 6.5% and adjusted net earnings per diluted share to be in the range of $6.35 – $6.45. For Q2 2017, the Company expects adjusted net earnings per diluted share to be in the range of $1.48 – $1.52. On the basis of current levels of foreign currency exchange rates, the Company is predicting net sales in Q2 2017 and FY17 to be negatively impacted by approximately 1.0% and adjusted net earnings per diluted share to be negatively impacted by approximately $0.03 to $0.04 in Q2 2017 and $0.10 to $0.12 for the fiscal year.

Stock Performance

At the closing bell, on Thursday, April 27, 2017, Stryker’s stock slightly fell 0.60%, ending the trading session at $135.37. A total volume of 995.34 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 20.40% and 24.66%, respectively. Moreover, the stock gained 13.35% since the start of the year. The Company’s shares are trading at a PE ratio of 31.11 and have a dividend yield of 1.26%. At Thursday’s closing price, the stock’s net capitalization stands at $50.15 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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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 460965

Upcoming AWS Coverage on IDEX Post-Earnings Results

LONDON, UK / ACCESSWIRE / April 28, 2017 / Active Wall St. announces its post-earnings coverage on 3M Co. (NYSE: MMM). The Company reported its first quarter fiscal 2017 results on April 24, 2017. The diversified industrial and consumer products Company surpassed top- and bottom-line expectations. Register with us now for your free membership at:

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

One of 3M Co.’s competitors within the Diversified Machinery space, IDEX Corp. (NYSE: IEX), reported its Q1 earnings results on Thursday, April 20, 2017. AWS will be initiating a research report on IDEX in the coming days.

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

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

Earnings Reviewed

For the three months ended March 31, 2017, 3M’s sales were $7.69 billion, up 3.7% compared to year ago same period sales of $7.41 billion. The Company’s organic local-currency sales increased 4.6%, while divestitures reduced sales by 0.4%, and Foreign currency translation impacted sales by 0.5%. 3M’s sales surpassed analysts’ consensus of $7.49 billion.

For Q1 2017, 3M’s operating income was $1.8 billion, while operating income margins for the reported quarter were 23.1%, down 1.0% on a y-o-y basis. The result included an incremental $136 million of strategic investments in growth, productivity, and portfolio actions.

3M’s Q1 2017 net income was $1.32 billion, up 3.7% compared to Q1 2016 net income of $1.28 billion. 3M reported Q1 earnings of $2.16 per share, an increase of 5.4 % versus earnings of $2.05 in the year ago comparable period. The Company’s earnings numbers surpassed Wall Street estimates of $2.07 per share.

Business Group Results

For Q1 2017, 3M’s Industrial sales increased 4.2% in USD to $2.7 billion. The segment’s organic local-currency sales increased 5.7%, foreign currency translation reduced sales by 0.8% and divestitures reduced sales by an additional 0.7%. On an organic local-currency basis, sales grew in all businesses, led by automotive and aerospace solutions, advanced materials, abrasives, industrial adhesives and tapes, and automotive aftermarket. The segment’s operating income was $625 million, up 0.5% on a y-o-y basis, while operating margin of 23.1%.

Sales in 3M’s Safety and Graphics segment totaled $1.5 billion in Q1 2017, up 3.4% in US dollars and 3.4%. The segment’s organic local-currency sales increased 4.8%, while foreign currency translation reduced sales by 0.6% and divestitures decreased sales by 0.8%. On an organic local-currency basis, Safety division’s sales increased in roofing granules, personal safety, and traffic safety and security; commercial solutions were flat. The segment’s operating income was $399 million, up 11.2% on a y-o-y basis and operating margin totaled 26.1% for the reported quarter.

During Q1 2017, 3M’s Health Care segment generated sales of $1.4 billion, up 2.3 % on a y-o-y basis in US dollars. The segment’s organic local-currency sales increased 3.1% and foreign currency translation reduced sales by 0.8%. On an organic local-currency basis, Health Care segment’s sales grew in drug delivery systems, food safety, oral care, and medical consumables, while health information systems declined. The segment’s operating income was $434 million, down 5.2% on a y-o-y basis, while operating margin was 30.5%.

3M’s Electronics and Energy segment’s had sales surged by 11.1% to $1.2 billion. The segment’s organic local-currency sales increased 11.5%, foreign currency translation reduced sales by 0.2% and divestitures decreased sales by 0.2%. On an organic local-currency basis, Electronics-related sales were up 18% with growth in both display materials and systems and electronics materials solutions. The segment’s operating income was $225 million, an increase of 15.1% on a y-o-y basis, and operating margin was 18.6%.

For Q1 2017, 3M’s Consumer segment generated sales of $1.0 billion, down 0.7% in US dollars. The segment’s organic local-currency sales decreased 1.2% and foreign currency translation increased sales by 0.5%. On an organic local-currency basis, sales grew in home improvement, consumer health care and home care, while stationery and office saw a decline. The segment’s operating income was $222 million, down 6.8% on a y-o-y basis while operating margin totaled 21.3%.

Cash Flow

3M paid $702 million in cash dividends to shareholders and repurchased $690 million of its own shares during Q1 2017. The Company’s operating cash flow was $1.0 billion, contributing to conversion of 53% of net income to free cash flow.

Outlook

3M updated its guidance for 2017 due to a strong first-quarter performance and improved outlook. The Company now forecasts organic local-currency sales growth to be 2% to 5%, up from previous guidance of 1% to 3%. For FY17, 3M expects earnings in the range of $8.70 to $9.05 per share – up 7% to 11% on a y-o-y basis compared to the prior expectation of $8.45 to $8.80. This includes a $0.05 to $0.10 benefit from the gain on sale of the pending Identity Management divestiture, net of various investments to drive growth and improve productivity. 3M affirmed its free cash flow expectation of 95% to 105%.

Stock Performance

At the closing bell, on Thursday, April 27, 2017, 3M Co.’s stock rose slightly by 0.57%, ending the trading session at $196.11. A total volume of 1.77 million shares were traded at the end of the day. In the last six months and previous twelve months, shares of the Company have rallied 19.50% and 19.95%, respectively. Moreover, the stock gained 10.54% since the start of the year. The Company’s shares are trading at a PE ratio of 24.03 and have a dividend yield of 2.40%.

Active Wall Street:

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

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

PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

CONTACT

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

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

SOURCE: Active Wall Street

ReleaseID: 460948

Upcoming AWS Coverage on Raytheon

LONDON, UK / ACCESSWIRE / April 28, 2017 / Active Wall St. announces its post-earnings coverage on Lockheed Martin Corp. (NYSE: LMT). The Company posted its first quarter fiscal 2017 results on April 25, 2017. The aerospace and defense Company surpassed earnings expectations and also increased its sales guidance for FY17. Register with us now for your free membership at:

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

One of Lockheed Martin’s competitors within the Aerospace/Defense Products & Services space, Raytheon Co. (NYSE: RTN), is expected to report its fiscal quarter ending March 2017 earnings results on April 27, 2017 before market open. AWS will be initiating a research report on Raytheon following the release of its next earnings results.

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

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

Earnings Reviewed

For the three months ended March 26, 2017, Lockheed Martin reported net sales of $11.06 billion compared to $10.37 billion in Q1 2017. The Company’s sales numbers came in below analysts’ consensus of $11.2 billion.

For Q1 2017, Lockheed Martin’s net earnings from continuing operations were $763 million, or $2.61 per share, compared to $806 million, or $2.61 per share, in Q1 2016. The Company’s Q1 2017 net earnings from continuing operations included a $120 million charge, for a loss program to design, integrate, and install an integrated air missile defense C4I system for an international customer, and a $64 million charge, which represents the Corporation’s portion of a noncash asset impairment charge recorded by an international equity method investee. These charges had the effect of reducing net earnings by $114 million, or $0.39 per share. On an adjusted basis, the Company reported earnings of $3.00 per share, which surpassed Wall Street’s estimates of $2.76 per share.

Lockheed Martin ended Q1 2017 with backlog of $93.5 billion compared to backlog of $96.2 billion at the end of Q4 2016.

Segment Results

For Q1 2017, Lockheed Martin’s Aeronautics’ net sales increased 8% on a y-o-y basis to $4.11 billion. The increase was primarily attributable to higher net sales for the F-35 program due to increased volume on aircraft production and sustainment activities and the F-16 program due to higher volume on aircraft modernization programs. These increases were partially offset by a decrease in net sales for the C-5 program due to one less aircraft delivery and lower sustainment activities. The Aeronautics’ operating profit in Q1 2017 totaled $436 million, up 4% on a y-o-y basis.

For Q1 2017, Lockheed Martin’s Missiles and Fire Control (MFC) segment’s net sales came in at $1.49 billion, up 4% compared to net sales of $1.43 billion in Q1 2016. The increase was attributable to higher net sales for air and missile defense programs due to increased deliveries on certain programs and for fire control programs due to increased deliveries. These increases were partially offset by a decrease in net sales for tactical missiles programs due to fewer deliveries. MFC’s operating profit in the reported quarter was $219 million, marginally below the operating profit of $22 million in the year ago same period.

Lockheed Martin’s Rotary and Mission Systems (RMS) division net sales in Q1 2017 increased 3% to $3.10 billion compared to net sales of $3.00 billion in Q1 2016. The increase was primarily attributable to higher net sales of about $280 million due to certain adjustments recorded in 2016 required to account for the November 06, 2015 acquisition of Sikorsky. This increase was partially offset by a net decrease of approximately $100 million primarily driven by fewer deliveries of helicopters and a decrease of about $65 million at C4ISR and Undersea Systems and Sensors (C4USS) programs and training and logistics services programs due to volume. RMS’ operating profit in the reported quarter declined 53% on a y-o-y basis to $108 million. The decline in the segment’s operating profit was driven by $110 million for C4USS programs due to a $120 million charge for performance matters on the international contract, EADGE-T and approximately $25 million for training and logistics services programs due to lower risk retirements. Adjustments not related to volume, including net profit booking rate adjustments, were about $115 million lower in Q1 2017 on a y-o-y basis.

For Q1 2017, Lockheed Martin’s Space Systems’ segment net sales surged 11% to $2.36 billion compared to net sales of $1.13 billion in Q1 2016. Space Systems’ operating profit in the reported quarter jumped 18% to $288 million compared to operating profit of $244 million in the year ago comparable period. Total equity earnings recognized by Space represented about $80 million, or 28% of the segment’s operating profit, in Q1 2017 compared to approximately $50 million, or 20%, in Q1 2016.

Cash Deployment Activities

During Q1 2017, The Company generated cash from operations of $1.7 billion in both Q1 2017 and Q1 2016. For the reported quarter, Lockheed Martin repurchased 1.9 million shares for $500 million compared to 2.4 million shares for $501 million in Q1 2016. The Company paid cash dividends of $544 million compared to $533 million in the prior year’s same quarter and capital expenditures of $170 million compared to $151 million in Q2 2016.

On April 26, 2017, Lockheed Martin’ board of directors has authorized a Q2 2017 dividend of $1.82 per share. The dividend is payable on June 23, 2017, to holders of record as of the close of business on June 01, 2017.

Outlook

For FY17, Lockheed Martin is forecasting to generate revenues in the range of $49.5 billion to $50.7 billion, higher compared to the previously announced range of $49.4 billion to $50.6 billion. The Company is expecting earnings to be in the band of $12.15 to $12.45 per share for FY17.

Stock Performance

On Thursday, April 27, 2017, the stock closed the trading session at $271.14, marginally up by 0.29% from its previous closing price of $270.35. A total volume of 953.76 thousand shares have exchanged hands. Lockheed Martin’s stock price advanced 7.07% in the last three months, 10.28% in the past six months, and 19.26% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 9.23%. The stock is trading at a PE ratio of 21.75 and has a dividend yield of 2.68%.

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: 460952

Upcoming AWS Coverage on WEX Post-Earnings Results

LONDON, UK / ACCESSWIRE / April 28, 2017 / Active Wall St. announces its post-earnings coverage on S&P Global Inc. (NYSE: SPGI). The Company reported its first quarter fiscal 2017 results on April 25, 2017. The independent ratings and analytics provider exceeded top- and bottom-line expectations and also increased its revenue and earnings guidance. Register with us now for your free membership at:

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

One of S&P Global’s competitors within the Business Services space, WEX Inc. (NYSE: WEX), reported its Q1 2017 financial results before the market opens on April 27, 2017. AWS will be initiating a research report on WEX in the coming days.

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

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

Earnings Reviewed

For the three months ended March 31, 2017, S&P Global reported revenue of $1.45 billion, an increase of 8% compared to revenue of $1.34 billion in Q1 2016. On an organic basis, the Company’s reported quarter revenue increased 18%. S&P Global’s revenue numbers surpassed analysts’ consensus of $1.39 billion.

S&P Global’s operating profit margin improved by 640 basis points to 45% and the adjusted operating profit margin improved by 630 basis points to 47%. This improvement was due to the sale of lower margin businesses, strong organic revenue growth, and productivity initiatives.

For Q1 2017, S&P Global’s net income increased 35% to $399 million and diluted earnings per share grew 39% to $1.53. The Company adjusted net income increased 32% to $422 million and adjusted diluted earnings per share increased 35% to $1.62. S&P Global’s earnings outperformed Wall Street’s expectations of $1.40 per share.

Segment Results

For Q1 2017, S&P Global’s Ratings revenue surged 29% to $714 million. Transaction revenue increased 65% to $373 million largely as a result of a substantial increase in high-yield bond and bank loan ratings as well as improved contract terms. Non-transaction revenue increased 4% to $341 million due to higher surveillance fees, entity fees, intersegment royalties from Market Intelligence, and CRISIL.

The Ratings’ segment operating profit increased 43% to $376 million, while operating profit margin improved 530 basis points to 53%. Adjusted operating profit increased 50% to $379 million with an adjusted operating profit margin that improved 750 basis points to 53%, driven by increased revenue.

During Q1 2017, S&P Global’s Market and Commodities Intelligence unit’s revenue decreased 10% to $593 million due to the divestitures of J.D. Power, the SPSE/CMA pricing businesses, and Equity and Fund Research in the fall of 2016 and QuantHouse earlier in 2017. Excluding revenue from these divestitures and the recent acquisitions of PIRA and RigData, organic revenue grew 7%. Quarterly operating profit increased 2% to $186 million and the operating profit margin improved 370 basis points to 31%.

The segment’s Market Intelligence revenue decreased 1% to $402 million due to divestitures. Excluding divestitures, organic revenue increased 9% with gains in Desktop, Risk Services, and Enterprise Solutions. Platts’ revenue increased 10% to $191 million aided by the acquisitions of PIRA and RigData. Excluding these acquisitions, Platts’ revenue grew 4% due to modest growth in both subscriptions and Global Trading Services.

S&P Global’s S&P Dow Jones Indices’ Q1 2017 revenue increased 14% to $171 million on a y-o-y basis primarily due to growth in asset-linked fees. S&P Dow Jones Indices recorded a 39% increase in average ETF AUM associated with the Company’s indices driving a 26% increase in asset-linked fees. Quarter ending ETF AUM associated with the Company’s indices reached a new record of $1,116 billion, surpassing the $828 billion on March 31, 2016, and the prior quarter ending record of $1,023 billion set on December 31, 2016.

The segment’s operating profit increased 14% to $115 million and the operating profit margin increased 30 basis points to 67%. Adjusted operating profit increased 14% to $116 million and the adjusted operating profit margin increased 20 basis points to 68%.

Balance Sheet and Cash Flow

As of March 31, 2017, S&P Global cash and cash equivalents were $2.4 billion, of which approximately $1.8 billion was held outside the US. In the first three months of 2017, cash provided by operating activities was $353 million. The Company’s free cash flow was $306 million for the reported quarter, an increase of $170 million from the year ago same period, driven by increased net income and reduced litigation settlement payments. Free cash flow, excluding the after-tax payments associated with legal settlements, was $307 million.

During Q1 2017, S&P Global returned $307 million to shareholders through a combination of $106 million in dividends and $201 million in share repurchases for 1.5 million shares. The Company has authorization from the Board of Directors to repurchase up to an additional 24.2 million shares.

On April 26, 2017, S&P Global’s Board of Directors approved a regular quarterly cash dividend on the Corporation’s common stock. The dividend of $0.41 is payable on June 12, 2017, to shareholders of record on May 26, 2017. The annualized dividend rate is $1.64 per share. The Company has paid a dividend each year since 1937 and is one of the select 25 companies in the S&P 500® that has increased its dividend annually for at least the last 44 years.

Outlook

S&P Global is increasing its reported revenue guidance from flat growth to low single-digit growth. On a GAAP basis, for FY17, the Company increased its diluted EPS from $5.65 to $5.90 to $5.72 to $5.92. Adjusted diluted EPS was expected to be $5.90 to $6.15 and has been increased to $6.00 to $6.20.

Stock Performance

At the close of trading session on Thursday, April 27, 2017, S&P Global’s share price finished yesterday’s trading session at $135.09, marginally up 0.64%. A total volume of 839.38 thousand shares exchanged hands. The stock has surged 11.88% and 26.74% in the last three months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have surged 26.01%. The stock is trading at a PE ratio of 16.99 and has a dividend yield of 1.21%.

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: 460966

Upcoming AWS Coverage on ANSYS Post-Earnings Results

LONDON, UK / ACCESSWIRE / April 28, 2017 / Active Wall St. announces its post-earnings coverage on SAP SE (NYSE: SAP). The Company released its first quarter fiscal 2017 results on April 25, 2017. The business software maker surpassed revenue forecasts for the fourth consecutive quarter and reaffirmed its fiscal 2017 revenue and profit forecasts. Register with us now for your free membership at:

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

One of SAP SE’s competitors within the Application Software space, ANSYS, Inc. (NASDAQ: ANSS), announced on April 17, 2017, that it expects to release its Q1 2017 earnings on Wednesday, May 03, 2017, after market close. The Company will hold a conference call conducted by Ajei Gopal, President and CEO, and Maria T. Shields, CFO, at 8:30 a.m. ET on May 04, 2017, to discuss Q1 2017 results and future outlook. AWS will be initiating a research report on ANSYS in the coming days.

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

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

Earnings Reviewed

For the three months ended March 31, 2017, SAP’s total IFRS revenues were €5.29 billion, up 12%, compared to revenue of €4.73 billion in Q1 2016. The Company’s revenue numbers were ahead of analysts’ consensus of €5.18 billion.

For Q1 2017, SAP’s new cloud bookings surged 49%, or 44% at constant currencies, and reached €215 million. The Company’s IFRS cloud subscriptions and support revenue grew 34% on a y-o-y basis to €905 million. SAP’s IFRS software revenue totaled €691 million up 13% on a y-o-y basis. The Company’s new cloud and software license order entry grew by more than 30% on a y-o-y basis in the reported quarter. SAP’s IFRS cloud and software revenue totaled €4.33 billion in Q1 2017, up 12%, or 9% in non-IFRS at constant currencies, compared to Q1 2016 IFRS cloud and software revenue of €3.85 billion.

For Q1 2017, SAP’s IFRS operating profit declined 17% to €673 million compared to IFRS operating profit of 813 million in Q1 2016. The Company’s non-IFRS operating profit grew 8% to €1.20 billion compared to non-IFRS operating profit of €1.10 billion for the year ago same period. For Q1 2017, SAP’s IFRS earnings per share decreased 9% to €0.43. Non-IFRS earnings per share increased 15% to €0.73. The Company’s earnings numbers came in marginally below Wall Street’s estimates of €0.74 per share.

SAP noted that the IFRS operating profit and EPS were primarily impacted by an increase in share-based compensation expenses, which was attributed to the strong development of SAP’s share price and an increase in employee participation. The Company stated that approximately 65% of SAP employees have participated in SAP’s most recent stock program OWN SAP.

Cash Flow & Balance Sheet

For Q1 2017, SAP’s operating cash flow was €2.87 billion, an increase of 16% on a y-o-y basis. The Company’s free cash flow increased 12% y-o-y to €2.58 billion. As a result, the Company continues to deleverage its balance sheet ending Q1 2017 with net debt of €460 million, an improvement of €2.8 billion year-over-year.

Regional Revenue Performance

During Q1 2017, SAP’s cloud and software revenue increased 10% in the EMEA region. Cloud subscriptions and support revenue grew 43% with an especially strong quarter in Germany, France, and Italy. The Company registered triple-digit software revenue growth in South Africa and the Netherlands.

For Q1 2017, SAP’s cloud and software revenue grew by 12% in the Americas region (IFRS). Cloud subscriptions and support revenue was up 27%, driven by a strong performance in Canada and Mexico with high double-digit growth. In North America, SAP had double-digit growth in software revenue.

In the APJ region, SAP reported exceptional performance in both cloud subscription and software revenue as Cloud and software revenue grew 21%, with cloud subscriptions and support revenue surging 65% on a y-o-y basis. Japan and India were the highlights in the quarter with strong results in both cloud subscriptions and software revenue. SAP also had strong double-digit software revenue growth in Greater China and South Korea.

Outlook

Based on the continued strong momentum in SAP’s cloud business the Company expects full year 2017 non-IFRS cloud subscriptions and support revenue to be in a range of €3.8 billion to €4.0 billion at constant currencies. The upper-end of this range represents a growth rate of 34% at constant currencies. The Company expects FY17 non-IFRS cloud and software revenue to increase by 6% to 8% at constant currencies. SAP is forecasting non-IFRS total revenue in a range of €23.2 billion to €23.6 billion at constant currencies for FY17. The Company expects full-year 2017 non-IFRS operating profit to be in a range of €6.8 billion to €7.0 billion at constant currencies.

Stock Performance

On Thursday, April 27, 2017, the stock closed the trading session at $100.70, rising slightly by 0.45% from its previous closing price of $100.25. A total volume of 677.96 thousand shares have exchanged hands. SAP SE’s stock price advanced 10.88% in the last three months, 14.03% in the past six months, and 26.40% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 16.51%. The stock is trading at a PE ratio of 30.93 and has a dividend yield of 1.32%.

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: 460949

Upcoming AWS Coverage on TriState Capital Holdings Post-Earnings Results

LONDON, UK / ACCESSWIRE / April 28, 2017 / Active Wall St. announces its post-earnings coverage on TCF Financial Corp. (NYSE: TCB). The Company announced its financial results for the first quarter fiscal 2017 (Q1 FY17) on April 24, 2017. The Wayzata, Minnesota-based Company’s net interest income grew 4.9% y-o-y, while net interest margin was up by 9 basis points y-o-y. Register with us now for your free membership at:

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

One of TCF Financial’s competitors within the Money Center Banks space, TriState Capital Holdings, Inc. (NASDAQ: TSC), reported its Q1 2017 financial results and operating performance on Friday, April 21, 2017. AWS will be initiating a research report on TriState Capital in the coming days.

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

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

Earnings Reviewed

In the three months ended on March 31, 2017, TCF Financial’s total revenues came in at $325.63 million, up 0.4% from $324.26 million in the year ago comparable quarter. However, total revenue numbers for the reported quarter lagged behind market expectations of $327.6 million. During Q1 FY17, TCF Financial’s net interest income was $222.11 million compared to $211.66 million in Q1 FY16. Total non-interest income fell 8.1% to $103.51 million in Q1 FY17 from $112.60 million in the prior year’s same quarter. Additionally, the Company reported non-interest expense of $244.01 million in Q1 FY17, which came in 6.9% above $228.33 million reported in the year ago corresponding period.

The bank holding Company reported net income available to common stockholders of $41.43 million, or $0.25 per diluted share, in Q1 FY17 compared to $43.20 million, or $0.26 per diluted share, in Q1 FY16. Quarterly net income per diluted share missed analysts’ expected $0.26 per diluted share.

Performance Metrics

During Q1 FY17, TCF Financial reported total average loans and leases of $18.04 billion, rising from $17.76 billion in Q1 FY16. Total average deposits also grew to $17.11 billion in Q1 FY17 from $16.88 billion in Q1 FY16.

In Q1 FY17, TCF Financial’s return on average assets stood at 0.90% compared to 0.96% in the previous year’s same period. The Company’s return on average common equity fell to 7.64% in Q1 FY17 from 8.45% reported in the year ago same quarter. Furthermore, return on average tangible common equity was 8.55% in Q1 FY17 compared to 9.57% in Q1 FY16.

During Q1 FY17, total interest earning assets grew to $20.42 billion from $19.63 billion in the last year’s comparable quarter. Furthermore, yield on these assets rose to 4.86% in Q1 FY17 from 4.80% in Q1 FY16. The bank’s efficiency ratio was 74.93% in Q1 FY17 compared to 70.42% in Q1 FY16. Moreover, TCF Financial’s net interest margin for the reported quarter was improved nine basis points to 4.46% from 4.37% in Q1 FY16.

As on March 31, 2017, the bank’s transitional Common equity Tier 1 capital ratio was 10.11% compared with 10.24% as on March 31, 2016. At end of Q1 FY17, non-accrual loans and leases balances fell to $138.98 million from $198.65 million, as on March 31, 2016. During the reported quarter charge-offs 0.11% of average loans and leases versus 0.27% of average loans and leases in the prior year’s comparable quarter.

Dividend

In separate press release on April 20, 2017, TCF Financial’s Board of Directors declared a quarterly cash dividend of $0.075 per common share is payable on June 01, 2017, to stockholders of record at the close of business on May 15, 2017.

Change in Ticker Symbol

On April 26, 2017, TCF Financial announced the change of its NYSE ticker symbol from “TCB” to “TCF”, effective with the opening of trading on May 08, 2017.

Stock Performance

On Thursday, April 27, 2017, TCF Financial’s share price finished yesterday’s trading session at $16.95, slipping 1.68%. A total volume of 1.62 million shares exchanged hands. The stock has advanced 18.90% and 25.91% in the last six months and past twelve months, respectively. The stock is trading at a PE ratio of 14.76 and has a dividend yield of 1.77%.

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