Upcoming AWS Coverage on Cabot Oil & Gas Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 30, 2017 / Active Wall St. announces its post-earnings coverage on Cimarex Energy Co. (NYSE: XEC). The Company reported its first quarter fiscal 2017 financial results on May 10, 2017. The oil and natural gas Company exceeded top- and bottom-line expectations. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Cimarex Energy’s competitors within the Independent Oil & Gas space, Cabot Oil & Gas Corp. (NYSE: COG), reported on April 28, 2017, its financial and operating results for Q1 2017. AWS will be initiating a research report on Cabot Oil & Gas in the coming days.

Today, AWS is promoting its earnings coverage on XEC; touching on COG. Get our free coverage by signing up to:
http://www.activewallst.com/register/.

Earnings Reviewed

For the three months ended March 31, 2017, Cimarex Energy recorded revenue of $447.18 million versus revenue of $240.60 million in Q1 2016. The Company’s revenue numbers outperformed analysts’ consensus estimates of $428.2 million.

For Q1 2017, Cimarex Energy’s total production came in above the high-end of the Company’s guidance and averaged 1,063 million cubic feet equivalent (MMcfe) per day, up 9% on a y-o-y basis. Cimarex Energy’s oil production averaged 52,181 barrels per day in the reported quarter, up15% on a sequential basis. The Company’s realized oil prices averaged $47.71 per barrel in Q1 2017 versus $28.02 per barrel in Q1 2016, an increase of 70%; while realized natural gas prices averaged $3.01 per Mcf, up 57% compared to the year ago same quarter’s average of $1.92 per Mcf. The Company’s NGL prices averaged $20.40 per barrel, up 107% compared to $9.84 per barrel received in the same period a year ago.

Cimarex Energy reported net income of $130.97 million, or $1.38 per share, in Q1 2017 compared to loss of $231.46 million, or $2.49 per share, in Q1 2016. On an adjusted basis, the Company reported net income of $99.7 million, or $1.05 per share, compared to adjusted net loss of $25.9 million, or $0.28 per share, for the prior year’s corresponding quarter.

Segment Results

During Q1 2017, Cimarex Energy’s production from the Permian Basin averaged 577 MMcfe per day, up 21% on a y-o-y basis. Oil volumes represented 43% of the region’s total production in the reported quarter and grew 13% on a sequential basis. From the Permian Basin, natural gas production increased 12%, while NGL production was up 13% sequentially.

Cimarex Energy brought 25 gross (16 net) wells on production in the Permian region during Q1 2017. There were 14 gross (11 net) wells waiting on completion on March 31, 2017 in the region. Cimarex Energy is currently operating eight rigs in the Permian region.

Cimarex Energy’s production from the Mid-Continent averaged 484 MMcfe per day for Q1 2017, down 2% on a y-o-y basis. The segment’s crude oil volumes were up 20%, natural gas production grew 3% and NGL volumes jumped 16% on a sequential basis. During the reported quarter, Cimarex Energy completed and brought on production 45 gross (10 net) wells in the Mid-Continent. At the end of the reported quarter, 68 gross (15 net) wells were waiting on completion. The Company currently operates six rigs in the region.

Cash Matters

Cimarex Energy’s net cash provided by operating activities was $249.5 million in Q1 2017 compared to $85.4 million in Q1 2016. The Company’s adjusted cash flow from operations was $265.8 million in the reported quarter compared to $81.6 million in the prior year’s same quarter.

Cimarex Energy invested $306 million in exploration and development during Q1 2017, of which $197 million was attributable to drilling and completion activities. The Company’s total debt at March 31, 2017, consisted of $1.5 billion of long-term notes. Cimarex Energy had no borrowings under its revolving credit facility and a cash balance of $579 million.

On May 12, 2017, Cimarex Energy’s Board of Directors declared a quarterly cash dividend on its common stock of $0.08 per share. The dividend is payable on September 01, 2017, to stockholders of record on August 15, 2017.

Outlook

Cimarex Energy increased its FY17 full-year production estimate to 1.09-1.13 Bcfe per day, a midpoint increase of 15% over FY16 volumes. Exploration and development capital for 2017 remains unchanged at $1.1 billion – 1.2 billion. For Q2 2017, the Company is forecasting output to average 1.08-1.13 Bcfe per day, with oil production expected to outpace total Company volume growth and rise 6%-10% sequentially.

Stock Performance

At the close of trading session on Friday, May 26, 2017, Cimarex Energy’s stock price was marginally down by 0.03% to end the day at $110.95. A total volume of 712.59 thousand shares were exchanged during the session. The stock currently has a market cap of $10.55 billion.

Active Wall Street:

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

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

PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

CONTACT

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

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Phone number: 1-858-257-3144

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

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

SOURCE: Active Wall Street

ReleaseID: 464426

Upcoming AWS Coverage on EPR Properties Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 30, 2017 / Active Wall St. announces its post-earnings coverage on New York headquartered Hospitality Properties Trust (NASDAQ: HPT) (“HPT”). The Company reported its first quarter fiscal 2017 financial results on May 10, 2017. The real estate investment trust that primarily invests in hotel and travel centers outperformed earnings expectations. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Hospitality Properties Trust’s competitors within the REIT – Retail space, EPR Properties (NYSE: EPR), reported on May 02, 2017, its operating results for Q1 ended March 31, 2017. AWS will be initiating a research report on EPR Properties in the coming days.

Today, AWS is promoting its earnings coverage on HPT; touching on EPR. Get our free coverage by signing up to:
http://www.activewallst.com/register/.

Earnings Reviewed

HPT disclosed total revenue of $ 488.60 million for Q1 2017 compared to revenue of $ 474.12 million in Q1 2016. The Company’s revenue numbers lagged behind analysts’ consensus of $495.70 million.

For Q1 2017, HPT’s 302 hotels that were owned continuously since January 01, 2016, average daily rate (ADR) increased 0.9% to $125.03; occupancy increased 0.1% to 71.5%; and revenue per available room (RevPAR) increased 1.0% to $89.40 compared to the year ago same period. For Q1 2017, HPT’s adjusted EBITDA increased 3.7% on a y-o-y basis to $194.6 million.

HPT’s net income available for common shareholders for the quarter ended March 31, 2017, was $25.8 million, or $0.16 per diluted share, compared to net income available for common shareholders of $46.9 million, or $0.31 per diluted share, for Q1 2016. On an adjusted basis, HPT reported $ 148.81 million, or $091 per share. The Company’s earnings surpassed Wall Street’s expectations of $0.28 per share.

HPT’s normalized FFO available for common shareholders for Q1 2017 was $148.8 million, or $0.91 per diluted share, compared to normalized FFO available for common shareholders of $140.2 million, or $0.93 per diluted share, for Q1 2016.

Property Acquisition Activities

In February 2017, HPT acquired the 483 room Hotel Allegro in Chicago, IL for a purchase price of $85.5 million, excluding acquisition related costs. HPT added this Kimpton branded hotel to its management agreement with InterContinental Hotels Group, PLC. In March 2017, HPT bought the 121 room Hotel Alexis in Seattle, WA for an acquisition price of $71.6 million, excluding acquisition related costs. Also in March 2017, HPT entered into an agreement to acquire the 389 room Chase Park Plaza hotel located in St. Louis, MO, for a purchase price of $87.8 million, excluding acquisition related costs. HPT currently expects to complete this acquisition during Q2 2017. The Company plans to re-brand this hotel to the Royal Sonesta hotel brand and add it to its management agreement with Sonesta International Hotels Corporation, or Sonesta.

Financing Activities

In January 2017, HPT issued $600.0 million aggregate principal amount of senior notes in underwritten public offerings, which included $200.0 million aggregate principal amount of 4.500% unsecured senior notes due 2023 and $400.0 million aggregate principal amount of 4.950% unsecured senior notes due 2027. The Company used the proceeds of $593.3 million, after discounts and offering expenses to repay amounts outstanding under its revolving credit facility, to redeem, all of HPT’s 11.6 million outstanding 7.125% Series D cumulative redeemable preferred shares for $25.00 per share plus accrued and unpaid dividends (an aggregate of $291.4 million) and for general business purposes.

In March 2017, HPT repurchased at par, plus accrued and unpaid interest $8.4 million of the principal amount of its outstanding 3.80% convertible senior notes due 2027 which were tendered by the noteholders for repurchase by HPT.

Tenants and Managers

As of March 31, 2017, HPT had nine operating agreements with seven hotel operating companies for 308 hotels with 47,187 rooms, which represented 65% of HPT’s total annual minimum returns and rents, and five lease agreements with one travel center operating Company for 198 travel centers, which represented 35% of HPT’s total annual minimum returns and rents.

Stock Performance

At the close of trading session on Friday, May 26, 2017, Hospitality Properties Trust’s stock price slightly declined 0.24% to end the day at $28.96. A total volume of 352.44 thousand shares were exchanged during the session. In the last six months and previous twelve months, shares of the Company have surged 0.07% and 13.39%, respectively. The Company’s shares are trading at a PE ratio of 25.31 and have a dividend yield of 7.18%. The stock currently has a market cap of $4.77 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: 464428

New Summertime Philly and Combo Deal Debuts on Menu for a Limited Time

COLUMBUS, OH / ACCESSWIRE / May 30, 2017 / Charleys Philly Steaks, home to the world’s number one Philly Cheesesteak, is introducing a Sweet Heat BBQ Steak Philly just in time for summer. The new Philly sandwich is offered as a value-priced combo with Charleys’ famous fries for a limited time through July 30.

The Sweet Heat BBQ Steak Philly features a rich and sweet barbeque sauce with a cayenne-pepper kick that’s grilled fresh to order with steak and melted provolone cheese, sliced onions and crunchy pickles, and it’s topped with more Sweet Heat BBQ sauce.

“We’re kicking off summer with this satisfying steak Philly that we know our customers will love,” said Vice President of Marketing, Jon Quinn. “Our new Sweet Heat BBQ Steak Philly screams summertime, and comes at a great value when paired with our famous lemonade and fries.”

Customers can enjoy the Sweet Heat BBQ Steak Philly and Fries combo starting at $5.99. The sandwich is also available as a stand-alone option starting at $5.49. Through the end of July, customers can add Charleys’ famous Original Lemonade to any sandwich purchase for only $1.00.

The new Sweet Heat BBQ Steak Philly and Fries combo will be available in all of Charleys domestic stores and Army and Air Force (AAFES) locations worldwide.

About Charleys

In 1986, Charleys redefined the Philly Cheesesteak. Today, more than 570 locations in 45 states and 19 countries in North America, South America, Asia, Africa and Europe serve up the #1 Cheesesteak In The World® made with fresh, quality ingredients grilled-to-order the Charleys way. Also known for its loaded Gourmet Fries and refreshing natural Lemonades, the restaurant franchise is quickly expanding to serve the world’s favorite Cheesesteaks across the globe. For more information on Charleys Philly Steaks visit www.charleys.com or follow us on Facebook and Instagram at @charleysphillysteaks and Twitter at @charleys.

Media Contact:

Allison Short
(614) 652-6807
ashort@charleys.com

SOURCE: Charleys Philly Steaks

ReleaseID: 464014

VANCOUVER, BC / ACCESSWIRE / May 30, 2017 / GGX Gold Corp. (TSX-V: GGX) (the “Company” or “GGX”) is pleased to announce an update for the 2017 exploration program at its high grade Gold Drop property, located near Greenwood in southern British Columbia. The Company has also expanded the Gold Drop property to the west by staking of additional mineral claims. The property now covers an area of approximately 4200 hectares. The property covers geologically prospective ground in the well-mineralized Greenwood Mining Division. The property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined. The focus of the current work is to locate and sample reported veins and document historic workings.

To view the image of the Gold Drop Property, please click on the following link:
https://www.accesswire.com/uploads/GGX_1_5.30.2017.png

The 2017 exploration program will focus on 6 priority areas, covering areas of gold and silver bearing veins (B.C. MINFILE occurrences and other veins reported in historic B.C. assessment reports). These priority areas are the Gold Drop – North Star vein system, Ken vein and Silent Friend veins in the eastern region; Amandy vein and Roderick Dhu vein in the northwest region; and Tel – C.O.D. veins in the southwest region (Southwest Zone). An area of high grade gold and silver mineralization discovered in 2015 at a trench at the North Star vein is high priority target for the Company. Grab samples from this trench returned 159 g/t Au (grams per tonne) and 744 g/t Ag, 12.2 g/t Au and 78 g/t Ag; and 12.5 g/t Au and 100 g/t Ag.

Phase I of the 2017 work program on the Gold Drop property is currently underway with initial focus on the Gold Drop Southwest Zone. Gold and silver bearing quartz veins are reported in this region of the property. One reported quartz vein in this region is referred to as the C.O.D. The northeast-southwest striking C.O.D. vein is reported to be traced by a series of shafts and pits for a distance of 1500 metres and reported to have a maximum width of 1.5 metres at surface. The Company has located historic workings during May in the area of this reported vein, including shafts and trenches. One located shaft is the C.O.D shaft, which is reported to be approximately 20 metres deep. A 1988 quartz vein grab sample from a trench in this region southwest of the C.O.D. shaft was reported to return 20.8 g/t Au and 115.6 g/t Ag (Tel 2 gold and silver occurrence).

The Company has located and sampled new exposures of a vein interpreted by Company management to be the C.O.D. vein. New showings of this vein have been exposed by recent logging activity in the area. Several of these exposures were sampled during May. These have been further exposed in May by excavator pitting and hand trenching.

Historic shaft in southwest region of Gold Drop Property
To view the image, please click on the following link:
https://www.accesswire.com/uploads/GGX_image2_5.30.2017.jpg

Banded chalcedonic quartz has been reported in a historic trench southwest of the C.O.D shaft. This material is of possible epithermal origin. A historic sample was reported to return s of 0.608 oz./ton Au (20.8 grams / tonne) and 3.38 oz./ton Ag (115.8 grams / tonne). These historic trenches were located in May but have filled in over time. The Company has identified the area of the C.O.D. vein and the reported chalcedonic quartz as a trenching target.

Other discoveries during May include an exposure described by Company personnel as a chalcedonic vein breccia. This exposure is located further northeast of the C.O.D. shaft. Due to the steepness of the area, the vein has been hand trenched and chip sampled.

To see the image of a sample from the chaledonic vein, please click on the following image:
https://www.accesswire.com/uploads/GGX_image3_5.30.2017.jpg

Mineralized quartz stockwork has also been discovered, hand trenched and sampled in a 1 metre shear zone striking east – west (steeply dipping). The host rock is silicified with pyrite and trace bornite. Native copper has also been observed. Nearby is a heavily altered, limonite stained shear with rare quartz stringers.

To see the image of the Mineralized quartz stockwork, please click on the following link:
https://www.accesswire.com/uploads/GGX_image4_5.30.2017.jpg

A silicified granodiorite dyke with significant quantities of arsenopyrite, pyrite and trace amounts of chalcopyrite, bornite and native copper has been located within the newly staked western claims. This showing was exposed by hand trenching during May. Chip sampling has been conducted at this exposure with samples submitted for analysis.

To view an image of the location of rock samples, please click on the following link:
https://www.accesswire.com/uploads/GGX_image_5_5.30.2017.png

A total of 39 rock samples have been collected during May, 2017 on the Gold Drop Southwest Zone. These samples have been submitted to ALS Minerals in North Vancouver for gold analysis. Multi-element analysis is also being conducted for select samples. Gold and multi-element analyses are pending.

Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors,

Barry Brown, Director
604-488-3900

Forward-Looking Information

This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, the Company’s information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect,” “is expected,” “anticipates,” or “does not anticipate,” “plans,” “estimates,” or “intends,” or stating that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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

SOURCE: GGX Gold Corp.

ReleaseID: 464394

Focused on Exploring Atlantic Canada

VANCOUVER, BC / ACCESSWIRE / May 30, 2017 / GREAT ATLANTIC RESOURCES CORP. (TSX-V: GR) (the “Company” or “Great Atlantic”) is pleased to announce it has expanded the Golden Promise Property in central Newfoundland by means of claim staking, joining the Golden Promise and Southern Golden Promise Properties. The Company has commenced the 2017 $700,000 budgeted exploration program on the property. Great Atlantic recently staked 3 licences totalling 245 claims covering geological prospective ground joining the Golden Promise claims and the Company’s recently acquired Southern Golden Promise claims (News Release of May 3, 2017), creating one enlarged property, which the Company now refers entirely as Golden Promise. The Golden Promise Property currently totals approximately 16,500 hectares.

To view the Golden Promise Property, please click on the following link:
https://www.accesswire.com/uploads/GAimage1_5.30.2017.png

The Golden Promise Property hosts multiple gold-bearing quartz veins and gold-bearing float boulders. A National Instrument (NI) 43-101 compliant inferred resource of 921,000 tonnes at an average grade of 3.02 g/t Au (89,500 ounces contained gold) was reported in 2008 for the Jaclyn Main Zone located in the central region of the property. Gold recovery from a 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47 g/t Au. The average tails grade for the sample was reported to be 1.12 g/t Au. A “back-calculated head grade of 5.59 g/t Au” was reported for the bulk sample. The Jaclyn Main Zone has been reportedly traced for a strike length of approximately 800 meters (northeast to east striking) through trenching and diamond drilling and locally to approximately 420 meters vertical depth. Elsewhere in the central to northern regions of the property high grade gold has been reported at the Shawn’s Shot occurrence including a historic grab sample reported to return 100.5 g/t Au and at two boulder occurrences including historic samples reported to return 335.9 g/t Au and 80.0 g/t Au at the Justin’s Hope and Branden boulder occurrences.

To view an image of the Brandon boulder Occurrences, please click on the following link:
https://www.accesswire.com/uploads/GAimage2_5.30.2017.png

The recently acquired southern region of the Golden Promise Property (previously referred to as Southern Golden Promise) is reported to contain 2 gold bearing zones. A historic diamond drill hole at the Linda / Snow White occurrence in this region was reported to intersect 19.5 g/t Au over 1.15 meters (core length with true width unknown). A sulfide bearing quartz vein at this occurrence was reported to be traced for 170 meters, having a reported width up to 5 meters. A 0.5 meter long channel sample across the vein was reported to return 29.7 g/t Au. A grab sample was reported to return 232 g/t Au. The Linda / Snow White occurrence is located approximately 22 kilometres southwest of the Jaclyn Main Zone. Another occurrence referred to as the Gabbro Gold occurrence is reported in the southern region of the property. Grab samples were reported to include 10.04 and 9.14 g/t Au at this occurrence.

Other gold-bearing occurrences reported on the Golden Promise Property include Jaclyn North, Jaclyn South, Jaclyn East, Jacklyn West (also referred to as Christopher Zone), GP04-41 and Otter Brook. Historic reported samples (including drill core samples) for these zones are summarized in the News Release of May 31, 2016.

To view the images of the host rock and tectonism at golden Promise, Please click on the link below:

Image 1:
https://www.accesswire.com/uploads/GAimage2_5.30.2017.png

Image 2:
https://www.accesswire.com/uploads/GAimage3_5.30.2017.jpg

Image 3:
https://www.accesswire.com/uploads/GAimage4_5.30.2017.jpg

The 2008 NI 43-101 Technical Report states the style of veining, mineralization, alteration, host rock and tectonism at Golden Promise most closely resembles other turbidite-hosted (or slate belt) gold deposits throughout the world.

Great Atlantic has commenced the 2017 exploration program at the Golden Promise Property, budgeted for approximately $700,000. The initial May program consists of rock and soil geochemical sampling at select gold occurrences. Work is currently being conducted at the Branden and Shawn’s Shot occurrences. Ground geophysics, diamond drilling and trenching is planned, beginning in June with work planned at multiple zones, including the Jaclyn Zones, Shawn’s Shot, Justin’s Hope, Branden and Linda / Snow White.

Access is excellent with a paved provincial highway transecting the property. The property is located near the town of Badger and approximately 50 kilometres northeast of the Valentine Lake Property of Marathon Gold Corp.

Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

Great Atlantic Resources Corp. is also pleased to announce that is has arranged a non-brokered private placement of 8,000,000 units at a price of $0.10 cents per unit for gross proceeds of $800,000. The units of the financing will comprise of one common share and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.125 per share. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.15 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. Directors, officers, or other insiders of the Company may participate in the foregoing offerings, and such parties may sell securities of the Company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offerings. The Company will make available a portion of the offering to existing shareholders using provisions of the Canadian existing security holder exemption pursuant to Multilateral CSA Notice 45-313 – Prospectus Exemption for Distributions to Existing Security Holders (“CSA 45-313”) and the corresponding blanket orders and rules implementing CSA 45-313 in the participating jurisdictions in respect thereof (collectively with CSA 45-313, the “Existing Security Holder Exemption”). As at the date hereof, the Existing Security Holder Exemption is available in each of the provinces of Canada, with the exception of Newfoundland and Labrador. Subject to applicable securities laws, the Company will permit each person or company who, as of May 29, 2017 (being the record date set by the Company pursuant to CSA 45-313), who holds common shares as of that date (a “Current Shareholder”) to subscribe for the Units that will be distributed pursuant to the Offering, provided that the Existing Security Holder Exemption is available to such person or company. Pursuant to CSA 45-313, each subscriber relying on the Existing Security Holder Exemption may subscribe for no more than $15,000 value of securities, unless a subscriber is resident in a jurisdiction of Canada and has obtained advice regarding the suitability of the investment from a registered investment dealer (in which case such maximum subscription amount will not apply). In addition to conducting the Offering pursuant to the Existing Security Holder Exemption, the Company will also accept subscriptions for Units where other prospectus exemptions are available, including the Investment Dealer Exemption (as defined below). Any Current Shareholder subscribing for Units pursuant to a prospectus exemption other than the Existing Security Holder Exemption will not be limited to a maximum of $15,000 value of securities. In addition to the Existing Security Holder Exemption and other available prospectus exemptions, a portion of the Offering may be completed pursuant to Multilateral CSA Notice 45-318 – Prospectus Exemption for Certain Distributions through an Investment Dealer (“CSA 45-318”) and the corresponding blanket orders and rules implementing CSA 45- 318 in the participating jurisdictions in respect thereof (collectively with CSA 45-318, the “Investment Dealer Exemption”). As at the date hereof, the Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Pursuant to CSA 45-318, each subscriber relying on the Investment Dealer Exemption must obtain advice regarding the suitability of the investment from a registered investment dealer. There is no material fact or material change of the Company that has not been generally disclosed. The securities issued pursuant to the Offering will be subject to statutory hold periods.

A finder’s fee may be paid to eligible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders’ fees are both subject to approval by the TSX-V.

On Behalf of the board of directors,

“Lorne Mann”

About Great Atlantic Resources Corp.:

Great Atlantic Resources is a Canadian exploration company focused on the discovery and development of mineral assets in Atlantic Canada. Great Atlantic is currently building the company, with a focus on antimony, tungsten and gold.

This press release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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

Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

ReleaseID: 464393

Upcoming AWS Coverage on XPO Logistics Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 30, 2017 / Active Wall St. blog coverage looks at the headline from freight transportation major Hub Group, Inc. (NASDAQ: HUBG) as the Oak Brook, Illinois based Company announced on May 25, 2017, that its subsidiary, Hub Group Trucking, Inc., has acquired Mesa, Arizona based Estenson Logistics, LLC. The transaction is valued approximately $306 million. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Hub Group’s competitors within the Air Delivery & Freight Services space, XPO Logistics, Inc. (NYSE: XPO), announced on May 03, 2017, its financial results for Q1 2017. AWS will be initiating a research report on XPO Logistics in the coming days.

Today, AWS is promoting its blog coverage on HUBG; touching on XPO. Get all of our free blog coverage and more by clicking on the link below:
http://www.activewallst.com/register/

Commenting on Estenson’s acquisition, David Yeager, Chairman and CEO of Hub Group said:

“We have been searching for an acquisition in the dedicated space for some time and have found an organization with a great fit in terms of culture, management style, and business philosophy. Estenson has a long history of outstanding customer service and is focused on safety and providing its employees with a solid foundation for growth.”

Tim Estenson, CEO of Estenson added:

“We built our Company from the ground up and we are passionate about a superior customer experience and employee satisfaction. It was extremely important to me personally to find a home for us that shares those values. This is why we are extremely excited to be a part of the Hub Group family and I am looking forward to staying on board to see our Company continue to flourish.”

About Estenson Logistics

Estenson Logistics was founded by Tim Estenson and Paul Truman in 1999. It is one of the premier dedicated logistics Company, and Transport Topics ranks it as the 14th largest dedicated contract carrier in North America. For FY16, it was named the Dedicated Van Partner for The Home Depot. The Company has 1,200+ power units and 5,000+ trailers and covers more than 120 customer locations. The Company’s revenue for FY16 was approximately $250 million.

The transaction

Founded in 1971, the Hub Group is one of the largest transportation management Company that offers multi-modal solutions throughout North America, including intermodal, truck brokerage, and logistics services with approximately $3.6 billion in annual revenues.

As per the signed agreement, Hub Group Trucking will take over the whole business of Estenson. The offer price of approximately $306 million includes approximately $17 million that Estenson had spent to acquire equipment recently. The enterprise value of the transaction is approximately $289 million which is 6.75 times of adjusted EBITDA for FY16. The agreement also has a provision for Estenson to receive an additional $6 million if certain EBITDA targets are met for the two years after the closing of the transaction.

Hub Group plans to finance the transaction using a mix of cash in hand and refinancing of Estenson’s secured equipment notes and borrowings post the closing of the transaction.

The transaction is expected to close on or around July 01, 2017, and is subject to regulatory approvals and closing conditions.

Once the transaction is completed, Estenson’s business will become part of Hub Group Trucking and will be rechristened as Hub Group Dedicated Services. The current CEO of Estenson, Tim Estenson and his top management team will continue to manage the business in their current roles. Mesa, Arizona will continue to be the headquarters for Hub Group Dedicated Services.

How Hub Group Trucking benefits from the acquisition?

With the acquisition of Estenson’s dedicated services, the Hub Group’s clients would have access to complete multi-modal solutions including intermodal, truck brokerage, logistics, and dedicated trucking. Hub Group plans to accelerate the growth of the new division via various cross-selling opportunities, which are expected to be over $100 million within the next five years.

With the acquisition of Estenson’s 1,200 power units, Hub Group’s trucking operation will expand to over 3,800 power units. This will help Hub Group Trucking in the efficient deployment of equipment and drivers.

The transaction is expected to be accretive to Hub Group’s earnings in FY17.

Stock Performance

Hub Group’s stock is trading up by 1.61%, closing last Friday’s session at $34.65. A total volume of 441.04 thousand shares were traded at the end of the day, which was higher than the 3-month average volume of 320.82 thousand shares. The Company’s shares are trading at a PE ratio of 17.28 and have a market cap of $1.16 billion.

Active Wall Street:

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

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

PRESS RELEASE PROCEDURES:

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: 464429

Upcoming AWS Coverage on KAR Auction Services Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 30, 2017 / Active Wall St. announces its post-earnings coverage on Sotheby’s (NYSE: BID). The Company released its first quarter fiscal 2017 financial results on May 10, 2017. The auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles reported better than expected revenue and earnings results. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Sotheby’s’ competitors within the Specialty Retail, Other space, KAR Auction Services, Inc. (NYSE: KAR), reported on May 09, 2017, its Q1 financial results for the period ended March 31, 2017. AWS will be initiating a research report on KAR Auction Services in the coming days.

Today, AWS is promoting its earnings coverage on BID; touching on KAR. Get our free coverage by signing up to http://www.activewallst.com/register/.

Earnings Reviewed

For the three months ended March 31, 2017, Sotheby’s reported revenue of $187.54 million compared to revenue of $106.53 million in Q1 2016. The Company’s revenue numbers surpassed analysts’ consensus of $111.0 million. Sotheby’s stated that the worldwide art auction market has two principal selling seasons, which occur in the second and fourth quarters of the year, where net auction sales have historically represented approximately 80% of total net auction sales for the year. Accordingly, Sotheby’s financial results are seasonal, with peak revenues and operating income occurring in those quarters.

For the reported quarter, Sotheby’s Agency commissions and fees increased to $99.49 million compared to $81.07 million in Q1 2016. The Company’s inventory sales surged to $71.38 million in Q1 2017 compared to $6.79 million in the prior year’s same quarter. Sotheby’s private sales were up 41% for the quarter.

During Q1 2017, Sotheby’s net auction sales, which were reported down 3% on a dollar basis, were up 7% on a constant currency basis, given the concentration of sterling-denominated sales in London during the reported quarter and the adverse change in the sterling to dollar exchange rates versus the year ago same period. The Company’s agency commissions and fees were up 23% on a y-o-y basis. The growth was attributable to an improvement in the Company’s auction commission margin from 15.4% last year to 18% in Q1 2016, while the Company’s guarantees generated much better financial performance than the guarantees associated with last year’s first quarter sales and higher private sales.

For Q1 2017, Sotheby’s reported a net loss of ($11.3) million, or ($0.21) per diluted share, representing a $14.6 million (56%), or $0.20 per diluted share (49%) improvement on a y-o-y basis. After excluding certain charges in the prior year’s same period, the Company’s adjusted net loss improved 46% from adjusted net loss of ($21) million in Q1 2016 to ($11.4) million in Q1 2017 , while adjusted diluted loss per share improved 36% to ($0.21) in the reported quarter from ($0.33) in the prior year’s same quarter. The Company’s adjusted loss numbers were better than Wall Street’s expectations for adjusted loss of $0.38 per share.

Balance Sheet

The Company reported that its estimated Sotheby’s cash balance, which it defines as cash on the balance sheet less amounts it has collected that is due to consignors, was approximately $25 million higher on a y-o-y basis, in spite of Sotheby’s having returned approximately $200 million to its shareholders in the form of stock buybacks during the period. Sotheby’s also noted that it has approximately $300 million in cash that is still being held abroad, but awaiting potential repatriation, and for which of the tax liability associated with this cash has already been provided for, but remains unpaid. During the reported quarter, Sotheby’s purchased 740,000 shares of stock for nearly $34 million specifically to offset the dilution from recent grants under its long-term incentive plan.

Stock Performance

On Friday, May 26, 2017, the stock closed the trading session at $53.03, slightly climbing 0.02% from its previous closing price of $53.02. A total volume of 329.81 thousand shares have exchanged hands. Sotheby’s stock price skyrocketed 14.31% in the last three months, 34.02% in the past six months, and 77.65% in the previous twelve months. Furthermore, on a year to date basis, the stock soared 33.04%. Shares of the company have a PE ratio of 34.44 and currently have a market cap of $2.79 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.

ReleaseID: 464422

Upcoming AWS Coverage on GOL Linhas Aereas Inteligentes Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 30, 2017 / Active Wall St. announces its post-earnings coverage on Copa Holdings, S.A. (NYSE: CPA). The Company posted its financial results for the first quarter fiscal 2017 (Q1 FY17) on May 10, 2017. The Panama City, Panama-based Company’s total operating revenues increased 10.6% and its adjusted EPS surged 46.9% y-o-y; beating market consensus estimates. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Copa Holdings’ competitors within the Regional Airlines space, GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL), reported on May 10, 2017, its consolidated results for Q1 2017. AWS will be initiating a research report on GOL Linhas Aereas Inteligentes in the coming days.

Today, AWS is promoting its earnings coverage on CPA; touching on GOL. Get our free coverage by signing up to: http://www.activewallst.com/register/.

Earnings Reviewed

In Q1 FY17, Copa Holdings’ total operating revenues rose to $616.72 million from $557.46 million recorded at the end of Q1 FY16. Total operating revenue numbers for Q1 FY17 beat market consensus estimates of $615.2 million.

The holding company for Panama’s national airline reported net profit of $102.31 million, or $2.41 per diluted share, in Q1 FY17 compared to net profit of $115.45 million, or $2.74 per diluted share, in the prior year’s comparable quarter. Excluding special items, adjusted net income for Q1 FY17 surged to $103.17 million, or $2.43 per diluted share, from $69.89 million, or $1.66 per diluted share, in the year ago same quarter. The adjusted net income for the reported period outperformed market consensus estimates of $2.29 per diluted share.

Operational Metrics

In the quarter ended on March 31, 2017, Copa Holdings incurred total operating expenses of $499.20 million versus $462.97 million in the year ago comparable quarter. The operating cost per available seat mile (CASM) increased 3.3% from 8.3 cents in Q1 FY16 to 8.6 cents in Q1 FY17. Additionally, CASM excluding fuel costs increased 1.6% from 6.1 cents in Q1 FY16 to 6.2 cents in Q1 FY17.

Operating profit increased to $117.53 million, or 19.1% of total operating revenues in Q1 FY17, from $94.49 million, or 16.9% of total operating revenues, in Q1 FY16. In the reported quarter, the Company generated $113.28 million of profit before taxes compared to $126.93 million in the same quarter of last year.

Revenue Segmentation

Copa Holdings’ total passenger revenue for Q1 FY17 was $601.48 million compared to $542.50 million reported in Q1 FY16. During the reported quarter, the airlines served 2.26 million customers, which was 6.8% higher than 2.12 million recorded in the year ago same period. For the reported quarter, load factor was 81.5% versus 77.4% in prior year’s same quarter. In Q1 FY17, consolidated passenger revenue per available seat mile (PRASM) also increased 6.3% to 10.4 cents from 9.7 cents in Q1 FY6. Furthermore, yield per passenger mile grew to 12.7 cents in Q1 FY17, from 12.6 cents in Q1 FY16.

During the reported period, the Cargo and mail revenue came in at $12.86 million, rising 2.8% from $12.51 million in Q1 FY16. However, other operating revenues fell 2.5% to $2.39 million in Q1 FY17, from $2.45 million in Q1 FY16.

Cash Matters and Balance Sheet

During the three months ended March 31, 2017, Copa Holdings’ cash flow from operations was $132.75 million versus $118.93 million in the prior year’s comparable quarter. The Company’s cash and cash equivalents balance as on March 31, 2017, stood at $269.90 million compared to $331.69 million as on December 31, 2016. Furthermore, the Company had long-term debt amounting $1.01 billion as on March 31, 2017, versus $961.41 million as on December 31, 2016.

Dividend

Copa Holdings announced that it will pay its second quarter dividend of $0.51 per share on June 15, 2017, on all outstanding Class A and Class B shares, to stockholders of record as of May 31, 2017.

Earnings Guidance

In its outlook for full year FY17, Copa Holdings anticipates consolidated capacity to grow approximately 7%, due to higher aircraft utilization. The operating margin for FY17 is forecasted to be in the range of 15% to17%.

Stock Performance

At the close of trading session on Friday, May 26, 2017, Copa Holdings’ share price finished the trading session at $111.69, slightly down 0.28%. A total volume of 229.02 thousand shares exchanged hands. The stock has soared 22.03% and 118.44% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have surged 22.97%. The stock is trading at a PE ratio of 14.75 and has a dividend yield of 1.83%.

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: 464427

Upcoming AWS Coverage on Banro Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 30, 2017 / Active Wall St. announces its post-earnings coverage on Royal Gold, Inc. (NASDAQ: RGLD). The Company disclosed its third quarter fiscal 2017 financial results on May 10, 2017. The manager of precious metal royalties reported earnings that exceeded market expectations. Register with us now for your free membership at:http://www.activewallst.com/register/.

One of Royal Gold’s competitors within the Gold space, Banro Corp. (NYSE: BAA), reported on May 15, 2017, its financial and operating results for Q1 2017. AWS will be initiating a research report on Banro in the coming days.

Today, AWS is promoting its earnings coverage on RGLD; touching on BAA. Get our free coverage by signing up to http://www.activewallst.com/register/.

Earnings Reviewed

For its fiscal third quarter ended March 31, 2017, Royal Gold reported revenue of $107.0 million, up 14% compared to revenue of $93.5 million in Q1 2016. Higher sales from the Company’s Mount Milligan and Pueblo Viejo streams more than offset lower sales from its Andacollo stream, which was due to timing of concentrate shipments.

Royal Gold’s Q3 FY17 revenue included stream revenue of $76.6 million and royalty revenue of $30.4 million. The Company’s Stream segment gold purchases were approximately 50,000 ounces, while sales totaled approximately 58,000 ounces. Stream segment silver purchases were approximately 374,000 ounces and silver sales were approximately 322,000 ounces in the reported quarter.

For Q3 FY17, Royal Gold’s cost of sales was $22.4 million compared to $17.9 million in Q3 FY16. The increase was primarily due to higher gold sales from Mount Milligan and increased gold and silver sales from Pueblo Viejo. The Company’s general and administrative expenses decreased to $5.4 million in the reported quarter compared to $7.7 million in the prior year’s same quarter. The decrease was primarily related to lower non-cash stock-based compensation charges.

Royal Gold’s exploration costs, which are related to its Peak Gold joint venture in Alaska, totaled $2.6 million in Q3 FY17 compared to $1.9 million in Q3 FY16. As of March 31, 2017, Royal Gold had earned a 24.9% interest in the joint venture. Peak Gold is currently preparing a resource estimate which is expected to be completed by the end of Q4 FY17. The Company’s interest and other income decreased to $1.3 million in Q3 FY17 compared to $3.1 million in Q3 FY16. The decrease was primarily due to a realized gain on the sale of marketable securities during the prior year’s comparable quarter and a decrease in the fair value of certain Company-owned warrants.

Royal Gold reported net income attributable to stockholders of $23.7 million, or $0.36 per share, for Q3 FY17. The Company’s earnings increased significantly compared to Q3 FY16 net loss attributable to stockholders of $67.7 million, or ($1.04) per share. Royal Gold’s earnings surpassed Wall Street’s estimates of $0.31 per share.

Balance Sheet

Royal Gold had approximately 15,000 gold ounces and 375,000 silver ounces in inventory at March 31, 2017, compared to approximately 24,000 gold ounces and 323,000 silver ounces in inventory at December 31, 2016.

At March 31, 2017, Royal Gold had current assets of $134.2 million versus current liabilities of $24.8 million, resulting in working capital of $109.4 million. This compared to current assets of $164.8 million and current liabilities of $22.7 million at June 30, 2016, resulting in working capital of $142.1 million. As of March 31, 2017, Royal Gold had $350 million available and $300 million outstanding under its revolving credit facility. The Company reported record operating cash flow of $76.1 million, an increase of 15% on a y-o-y basis.

In the reported quarter, Royal Gold repaid $45.0 million of the outstanding borrowings under the revolving credit facility. Working capital combined with the Company’s undrawn revolving credit facility, resulted in approximately $459.4 million of total available liquidity at March 31, 2017.

Wassa and Prestea Gold Stream Acquisition

On January 03, 2017, Royal Gold made the final scheduled payment of $10.0 million under the Wassa and Prestea streaming agreement. The Company has no further upfront payment obligations associated with the Wassa and Prestea gold stream. Commercial production was achieved at Wassa Underground on January 01, 2017. Commercial production at Prestea Underground is currently expected to be achieved in Q3 2017. Upon the earlier of either commercial production from Prestea Underground or January 01, 2018, the Company’s streaming interest associated with Golden Star’s Ghanaian assets will increase from 9.25% to 10.5%.

Stock Performance

At the closing bell, on Friday, May 26, 2017, Royal Gold’s stock marginally climbed 0.98%, ending the trading session at $80.75. A total volume of 345.10 thousand shares were traded at the end of the day. Royal Gold’s stock price soared 21.87% in the last three months, 19.24% in the past six months, and 44.58% in the previous twelve months. Moreover, the stock surged 27.47% since the start of the year. The Company’s shares are trading at a PE ratio of 51.66 and have a dividend yield of 1.19%. At Friday’s closing price, the stock’s net capitalization stands at $5.26 billion.

—

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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.

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Upcoming AWS Coverage on DexCom Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 30, 2017 / Active Wall St. announces its post-earnings coverage on Charles River Laboratories International, Inc. (NYSE: CRL). The Company posted its first quarter fiscal 2017 financial results on May 10, 2017. The medical research equipment and services provider outperformed top- and bottom-line expectations. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Charles River Laboratories International’s competitors within the Medical Laboratories & Research space, DexCom, Inc. (NASDAQ: DXCM), reported on May 03, 2017, its unaudited financial results as of and for the quarter ended March 31, 2017. AWS will be initiating a research report on DexCom in the coming days.

Today, AWS is promoting its earnings coverage on CRL; touching on DXCM. Get our free coverage by signing up to:
http://www.activewallst.com/register/.

Earnings Reviewed

Charles River Laboratories’ revenue from continuing operations surged 25.6% to $445.8 million compared to $354.9 million in Q1 2016. The acquisitions of WIL Research, Agilux Laboratories, and Blue Stream Laboratories contributed 19.5% to consolidated Q1 2017 revenue growth, both on a reported basis and in constant currency. The Company’s revenue numbers exceeded analysts’ consensus of $438.1 million.

On a GAAP basis, Charles River Laboratories’ net income from continuing operations attributable to common shareholders was $46.8 million for Q1 2017, up 25.9% from $37.2 million for Q1 2016. On a per share basis, the diluted earnings per share were $0.97, growing 24.4% compared to $0.78 for the prior year’s corresponding quarter. The Company stated that the divestiture of the Contract Development and Manufacturing (CDMO) business, which was completed on February 10, 2017, reduced GAAP earnings per share by $0.15 (net).

On a non-GAAP basis, Charles River Laboratories’ net income from continuing operations surged 34.4% to $62.6 million compared from $46.5 million for the year ago same period. First-quarter diluted earnings per share on a non-GAAP basis were $1.29, an increase of 31.6% from $0.98 per share for Q1 2016. Both the GAAP and non-GAAP earnings per share increases were driven primarily by the acquisition of new businesses, notably WIL Research, as well as higher revenue for legacy operations. Earnings per share in Q1 2017 also included a gain from the Company’s venture capital investments, which contributed $0.05 per share compared to a $0.04 gain for Q1 2016. The Company’s earnings numbers came in ahead of Wall Street’s expectations of $1.14 per share.

Segment Results

During Q1 2017, Charles River Laboratories’ revenue from the Research Models and Services (RMS) segment was $127.2 million, an increase of 3.1% from $123.3 million in Q1 2016. Organic revenue growth was 4.7%, driven by higher revenue for both the Research Models and Research Model Services businesses. The RMS segment’s GAAP operating margin increased to 29.7% in the reported quarter from 29.5% in the prior year’s same quarter. On a non-GAAP basis, the operating margin was 30.1%, unchanged on a y-o-y basis.

For Q1 2017, revenue from Charles River Laboratories’ Discovery and Safety Assessment (DSA) segment surged 44.4% to $227.8 million compared to $158.0 million in Q1 2016. Growth was driven primarily by the acquisitions of WIL Research and Agilux Laboratories, which contributed 41.6% to DSA revenue growth. Organic revenue growth was 5.1%, as improvement in the legacy Safety Assessment business was partially offset by lower revenue for the legacy Discovery Services business.

In Q1 2017, the DSA segment’s GAAP operating margin decreased to 17.0% from 19.5% in Q1 2016. The GAAP operating margin decline was due in part to amortization of intangible assets related to acquisitions. On a non-GAAP basis, the operating margin decreased to 20.9% from 23.3% in the year earlier comparable quarter.

Charles River Laboratories’ revenue for the Manufacturing segment was $90.8 million in Q1 2017, reflecting an increase of 23.5% from $73.5 million in Q1 2016. The acquisitions of Blue Stream Laboratories and WIL Research’s CDMO business contributed 4.9% to manufacturing revenue growth in the reported quarter. The segment’s organic revenue increased 20.6% on y-o-y basis, driven primarily by robust growth in the Microbial Solutions and Biologics Testing Solutions businesses.

For Q1 2017, the Manufacturing segment’s GAAP operating margin increased to 29.3% from 26.7% in Q1 2016. On a non-GAAP basis, the operating margin increased to 33.2% from 31.3% in the prior year’s same period. The Company noted that both the GAAP and non-GAAP operating margin improvement was driven by leverage from higher revenue in the Microbial Solutions and Biologics Testing Solutions businesses.

Stock Repurchase Update

During Q1 2017, Charles River Laboratories reinitiated stock repurchases activity, repurchasing 363,000 shares for a total of $32.1 million. As of April 01, 2017, the Company had $37.6 million remaining on its authorized stock repurchase program. On May 09, 2017, the Company’s Board of Directors increased the stock repurchase authorization by $150 million, to an aggregate amount of $1.3 billion.

Guidance

Charles River Laboratories announced that it is increasing the top-end of its non-GAAP earnings per share guidance range, primarily to reflect the higher-than-expected excess tax benefit associated with stock compensation with the Company expecting full-year earnings in the range of $5.00 to $5.15 per share. Charles River Laboratories is maintaining its revenue guidance of revenue growth in the band of 7.5% to 9.0%.

Stock Performance

At the close of trading session on Friday, May 26, 2017, Charles River Labs’ stock price slightly rose 0.37% to end the day at $92.60. A total volume of 195.10 thousand shares were exchanged during the session. Charles River Labs’ stock price surged 3.42% in the last three months, 27.50% in the past six months, and 8.28% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 21.54%. The stock currently has a market cap of $4.39 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: 464425