LONDON, UK / ACCESSWIRE / May 31, 2017 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Oil & Gas – E&P industry. Companies recently under review include Granite Oil, Dundee Energy, Zargon Oil & Gas, and Delphi Energy. Get all of our free research reports by signing up at:

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

On Tuesday, May 30, 2017, at the end of trading session, the Toronto Exchange Composite index ended the day at 15,372.35, 0.32% lower, with a total volume of 265,566,014 shares.

Additionally, the Energy index was down by 1.64%, ending the session at 186.99.

Active Wall St. has initiated research reports on the following equities: Granite Oil Corporation (TSX: GXO), Dundee Energy Ltd (TSX: DEN), Zargon Oil & Gas Ltd (TSX: ZAR), and Delphi Energy Corporation (TSX: DEE). Register with us now for your free membership and research reports at:

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

Granite Oil Corp.

Calgary, Canada headquartered Granite Oil Corp.’s stock dropped 1.77%, to finish Tuesday’s session at $4.99 with a total volume of 114,583 shares traded. Shares of the Company, which engages in the exploration, development, production, and exploitation of oil and natural gas in the Western Canada Sedimentary Basin in Canada, are trading below its 50-day and 200-day moving averages. Granite Oil’s 200-day moving average of $5.51 is above its 50-day moving average of $5.26. See our research report on GXO.TO at:

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

Dundee Energy Ltd

On Tuesday, shares in Toronto, Canada headquartered Dundee Energy Ltd recorded a trading volume of 112,320 shares. The stock ended the day flat at $0.01. Shares of the Company, which together with its subsidiaries, explores for, develops, produces, and markets oil and natural gas in southern Ontario, Canada, are trading below its 200-day moving average. The stock’s 200-day moving average of $0.03 is above its 50-day moving average of $0.01. The complimentary research report on DEN.TO at:

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

Zargon Oil & Gas Ltd

On Tuesday, shares in Calgary, Canada headquartered Zargon Oil & Gas Ltd ended the session flat at $0.57 with a total volume of 54,445 shares traded. Zargon Oil & Gas’ shares have advanced 5.56% in the past one year. Shares of the Company, which engages in the exploration, development, and production of oil and natural gas in Canada and the US, are trading below its 50-day and 200-day moving averages. Furthermore, the stock’s 200-day moving average of $0.71 is greater than its 50-day moving average of $0.63. Register for free and access the latest research report on ZAR.TO at:

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

Delphi Energy Corp.

Calgary, Canada headquartered Delphi Energy Corp.’s stock closed the day 5.22% lower at $1.27. The stock recorded a trading volume of 142,819 shares. Delphi Energy’s shares have gained 27.00% in the previous one year. Shares of the Company, which engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in western Canada, are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $1.44 is greater than its 50-day moving average of $1.36. Get free access to your research report on DEE.TO at:

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

Active Wall Street:

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

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

PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

CONTACT

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

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SOURCE: Active Wall Street

ReleaseID: 464534

Upcoming AWS Coverage on Brookfield Property Partners Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 31, 2017 / Active Wall St. announces its post-earnings coverage on Invitation Homes Inc. (NYSE: INVH). The Company released its first quarter fiscal 2017 financial results on May 11, 2017. The REIT surpassed revenue estimates. Register with us now for your free membership at:

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

One of Invitation Homes’ competitors within the Real Estate Development space, Brookfield Property Partners L.P. (NYSE: BPY), announced on May 05, 2017, its financial results for Q1 2017 which ended on March 31, 2017. AWS will be initiating a research report on Brookfield Property Partners in the coming days.

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

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

Earnings Reviewed

For the quarter ended March 31, 2017, Invitation Homes’ total revenues increased 6.3% to $238.75 million compared to revenue of $224.50 million in Q1 2016. Revenue growth was driven by an increase in average rental rate per home and higher occupancy. The Company’s revenue numbers surpassed analysts’ consensus of $238.10 million.

Invitation Homes’ net loss for Q1 2017 was $42.4 million, an increase of $32.4 million compared to net loss of 9.98 million the prior year’s corresponding quarter. The increase in net loss was primarily due to a $40.0 million increase in share-based compensation related to the Company’s initial public offering (IPO) and $7.6 million of other non-recurring general and administrative cost associated with the IPO. Exclusive of these two items, results improved by $15.3 million from the prior year, primarily due to higher revenues.

For Q1 2017, Invitation Homes’ Core FFO increased 21.6% to $78.20 million compared to $64.30 million in Q1 206, primarily due to an increase in NOI, driven by higher revenues. Lower interest expense, net of non-cash interest, also contributed to the increase in Core FFO. The Company’s AFFO for the reported quarter surged 30.4% to $68.97 million compared to $52.89 million in the prior year’s same quarter, primarily driven by the increase in Core FFO, as well as a 19.1% decline in recurring CapEx.

Operating Results

During Q1 2017, Invitation Homes’ Same Store revenue growth of 4.7% was driven by a 4.5% increase in average monthly rent and a 22.3% increase in other property income, partially offset by a 0.6% decline in average occupancy to 95.8%. The Company’s Same Store expenses increased 3.0% on a y-o-y basis, driven primarily by 7.1% higher property taxes. Personnel, leasing & marketing, and insurance costs were lower on a y-o-y basis by 15.9%, 17.3%, and 10.7%, respectively.

During Q1 2017, for Invitation Homes’ Same Store portfolio of 43,224 homes, Same Store NOI increased 5.7% on a y-o-y basis on Same Store revenue growth of 4.7% and Same Store expense growth of 3.0%. As a result, Core NOI margin increased to 64.3% in the reported quarter compared to 63.4% in the year ago same period.

Investment Management Activity

In Q1 2017, Invitation Homes acquired 121 homes for $31.2 million, including estimated renovation cost, and sold 501 homes for gross proceeds of $77.7 million, resulting in total portfolio home count at March 31, 2017, of 47,918 homes. The Company’s dispositions in the reported quarter resulted in a gain on sale, net of tax of approximately $14.3 million.

Balance Sheet and Capital Markets Activity

At March 31, 2017, Invitation Homes had $1.19 billion in availability through a combination of unrestricted cash and undrawn capacity on its credit facility. The Company’s total indebtedness at March 31, 2017, was $5.73 billion, consisting of $4.23 billion of secured debt and $1.50 billion of unsecured debt.

During the reported quarter, Invitation Homes completed an initial public offering of 88,550,000 shares of its common stock at a price of $20.00 per share, resulting in net proceeds of $1.67 billion after deducting underwriting discounts and offering expenses payable by the Company. In addition, Invitation Homes entered into a $1,500 million Term Loan Facility with a five-year term and a $1.00 billion revolving credit facility. With proceeds from the initial public offering and the Term Loan Facility, and cash on hand, the Company repaid $3.34 billion of debt.

Furthermore, Invitation Homes entered into three interest rate swap agreements during Q1 2017 with a combined notional amount of $2.02 billion. Together with two interest rate swap agreements entered into during Q4 2016, the aggregate amount of debt the Company has swapped from floating rate to fixed rate was $3.52 billion.

Stock Performance

At the closing bell, on Tuesday, May 30, 2017, Invitation Homes’ stock was slightly up 0.75%, ending the trading session at $21.36. A total volume of 1.47 million shares were traded at the end of the day, which was higher than the 3-month average volume of 1.24 million shares. The stock gained 6.80% since the start of the year. The stock has a dividend yield of 1.12% and currently has a market cap of $6.63 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: 464526

Upcoming AWS Coverage on Coty Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 31, 2017 / Active Wall St. announces its post-earnings coverage on e.l.f. Beauty, Inc. (NYSE: ELF). The Company announced its first quarter fiscal 2017 financial results on May 10, 2017. The cosmetic Company surpassed top- and bottom-line expectations. Register with us now for your free membership at:

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

One of e.l.f. Beauty’s competitors within the Personal Products space, Coty Inc. (NYSE: COTY), announced on May 10, 2017, its financial results for Q3 FY17 which ended on March 31, 2017. AWS will be initiating a research report on Coty in the coming days.

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

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

Earnings Reviewed

e.l.f. Beauty’s net sales increased 15% to $60.57 million for the three months ended March 31, 2017 compared to net sales of $52.67 million in Q1 2016, driven by sales growth across leading national retailers and the Company’s direct business. e.l.f. Beauty’s revenue numbers surpassed analysts’ consensus of $59.39 million.

For Q1 2017, e.l.f. Beauty’s gross margin expanded to 63% from 56% in Q1 2016, primarily as a result of margin accretive innovation coupled with improvements in freight costs and the benefit of foreign exchange rate movements. The Company’s selling, general, and administrative expenses (“SG&A”) increased to 54% of net sales compared to 44% of net sales in the prior year’s same quarter, primarily due to continued investment to support long-term growth. e.l.f. Beauty’s adjusted EBITDA was $11.7 million for the reported quarter compared to adjusted EBITDA of $11.6 million in the year earlier same quarter.

On a GAAP basis, e.l.f. Beauty’s net income was $2.2 million, or $0.04 per diluted share, based on a weighted-average share count of 49.5 million shares. This compared to a net loss attributable to common stockholders of $34.1 million, or $(69.57) per share, based on a weighted-average share count of 0.5 million shares in Q1 2016. e.l.f. Beauty’s adjusted net income increased 40% to $4.4 million, or $0.09 per diluted share, for the reported quarter compared to adjusted net income of $3.1 million, or $0.06 per diluted share, for the year ago corresponding period. The Company’s earnings outperformed Wall Street’s expectations of $0.05 per share.

“We are pleased to report a strong start to the year as e.l.f. grew net sales by 15%, expanded gross margin nearly 750 basis points, and made progress toward our mission to make luxurious beauty accessible for all,” stated Tarang Amin, the Company’s Chairman and Chief Executive Officer, “This performance is notable given the significant amount of shipments to customers for shelf resets in Q1 2016.”

Balance Sheet

At March 31, 2017, e.l.f. Beauty had $5.4 million in cash compared to $14.8 million as of March 31, 2016. The Company’s inventory at March 31, 2017, totaled $76.9 million versus $28.4 million on March 31, 2016. The y-o-y increase in inventory primarily reflected an increase of inventory in the Company’s fastest moving items. At March 31, 2017, e.l.f. Beauty’s long-term debt totaled $154.2 million compared to $136.8 million as of March 31, 2016.

Outlook

e.l.f. Beauty reaffirmed its outlook for 2017, with expectations for strong revenue growth and expansion in gross margin. The Company is forecasting net sales in the range of $285 million and $295 million and adjusted EBITDA in the band of $61 million and $64 million. e.l.f. Beauty is predicting adjusted net income to be between $21 million to $23 million, with EPS estimated in the range of $0.40 to $0.43 per share.

Stock Performance

At the close of trading session on Tuesday, May 30, 2017, e.l.f. Beauty’s stock price slightly fell 0.47% to end the day at $25.21. A total volume of 526.06 thousand shares were exchanged during the session. The stock currently has a market cap of $1.15 billion.

Active Wall Street:

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

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

PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

CONTACT

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

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: 464519

Upcoming AWS Coverage on Dominion Energy Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 31, 2017 / Active Wall St. announces its post-earnings coverage on Atlantica Yield PLC (NASDAQ: ABY). The Company released its third quarter fiscal 2017 financial results on May 15, 2017. The sustainable total return Company that owns contracted assets in the energy and environment sectors reported net loss improved on a y-o-y basis. Register with us now for your free membership at:

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

One of Atlantica Yield’s competitors within the Electric Utilities space, Dominion Energy, Inc. (NYSE: D), announced on May 04, 2017, its unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for Q1 2017 which ended on March 31, 2017. AWS will be initiating a research report on Dominion Energy in the coming days.

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

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

Earnings Reviewed

During the three-month period ended March 31, 2017, Atlantica Yield’s revenue amounted to $198.1 million representing a 4% decrease in comparison with the revenue generated in Q1 2016 of $206.38 million. The decrease was due in part to translation differences driven by the depreciation of Euro against US dollar, and also due to the lower production at Kaxu, the Company’s solar plant in South Africa which experienced technical problems at the end of 2016. The Company’s revenue numbers came in below analysts’ consensus of $208 million.

For Q1 2017, Atlantica Yield’s further adjusted EBITDA, including unconsolidated affiliates, amounted to $165.0 million representing a 7% increase compared with $154.9 million in Q1 2016 despite lower than expected solar radiation in the Southwest of the United States. Furthermore, adjusted EBITDA margin improved to 83.3% in the reported quarter from 75% in the prior year’s same quarter

Atlantica Yield’s net loss attributable to the Company for the quarter was $11.77 million, or $0.12 per share, compared to a loss of $26.0 million, or $0.26 per share, in Q1 2016. The Company’s net loss was better than Wall Street’s expectations for a loss of $0.19 per share.

Important Events during the Quarter

In February 2017, Atlantica Yield successfully refinanced part of its corporate debt by signing a note facility with a group of funds managed by Westbourne Capital, an Australian infrastructure investor for a total amount of €275 million (approximately $293 million). With this new financing, the Company has evenly staggered the maturity of the new notes in a manner that each of the three notes of approximately €92 million matures in 2022, 2023, and 2024. Atlantica Yield had fixed the interest rate to 5.5% via an interest rate swap.

In addition, in Q1 2017, Atlantica Yield completed the acquisition of a 12.5% stake in a 114-mile transmission line which will connect California and Arizona. The asset will receive a FERC regulated rate of return, and is currently under development, with COD expected in 2020. The Company expects its total investment to be up to $10 million in the coming three years and stated that it holds a right to acquire an additional 12.5% interest in the asset.

Finally, in March 2017, Atlantica Yield obtained a waiver in Kaxu which waives any past potential cross-default with Abengoa in the project finance agreement and allows reduction of ownership by Abengoa below the 35% threshold.

Cash Matters

Atlantica Yield’s total liquidity as of March 31, 2017, represents $673.7 million and consists of $589.4 million of consolidated cash and cash equivalents, of which $102.0 million was available at the Atlantica corporate level and $84.3 million of cash classified as short-term financial investments at the project level.

As of March 31, 2017, Atlantica Yield’s net project debt amounted to $4,922.9 million and net corporate debt amounted to $565.9 million. The net corporate debt / CAFD pre-corporate debt service ratio improved to 2.6x compared to 2.7x as of December 31, 2016, and is significantly below the Company’s stated target of 3x.

During Q1 2017, Atlantica Yield’s net cash provided by operating activities amounted to $86.4 million, in-line with $84.5 million in Q1 2016. Cash Available for Distribution (“CAFD”) generation reached $60.9 million in the reported quarter compared to $18.7 million in the prior year’s corresponding quarter.

Dividend

On May 12, 2017, Atlantica Yield’s Board of Directors approved a dividend of $0.25 per share. This dividend is expected to be paid on or about June 15, 2017, to shareholders of record as of May 31, 2017.

Stock Performance

At the closing bell, on Tuesday, May 30, 2017, Atlantica Yield’s stock rose slightly by 0.05%, ending the trading session at $20.53. A total volume of 868.16 thousand shares were traded at the end of the day, which was higher than the 3-month average volume of 482.02 thousand shares. In the last six months and previous twelve months, shares of the Company have surged 8.28% and 15.14%, respectively. Moreover, the stock gained 6.10% since the start of the year. The stock is trading at a PE ratio of 218.40 and has a dividend yield of 4.87%. At Tuesday’s closing price, the stock’s net capitalization stands at $2.07 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: 464510

Upcoming AWS Coverage on TJX Cos. Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 31, 2017 / Active Wall St. announces its post-earnings coverage on Kohl’s Corp. (NYSE: KSS). The Company announced its first quarter fiscal 2017 financial results on May 11, 2017. The US based department store chain surpassed revenue expectations. Register with us now for your free membership at:

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

One of Kohl’s’ competitors within the Department Stores space, The TJX Companies, Inc. (NYSE: TJX), announced on May 16, 2017, its sales and earnings results for Q1 FY18 which ended on April 29, 2017. AWS will be initiating a research report on TJX Cos. in the coming days.

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

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

Earnings Reviewed

For the quarter ended April 29, 2017, Kohl’s net sales dropped to $3.84 billion compared to net sales of $3.97 billion in Q1 2016, declining for the fifth consecutive quarter. The Company’s sales number lagged behind analysts’ consensus of $3.91 billion. Kohl’s same store sales declined 2.7% in Q1 2017, wider than the preceding quarter’s decline of 2.2%; however it was better than Q1 2016 same store sales decline of 3.9%.

For Q1 2017, Kohl’s net income soared to $66 million, or $0.39 per share, compared to net income of $17 million, or $0.09 per share, in Q1 2016. The Company had recorded a $64 million charge related to impairments and store closures in the year-earlier quarter. On an adjusted basis, Kohl’s posted adjusted earnings of $0.39 per share compared to $0.31 per share in the year earlier same quarter, outperforming Wall Street’s expectations of $0.28 per share.

Cash Matters

As of April 29, 2017, Kohl’s had $625 million of cash and cash equivalents, an increase of $202 million on a y-o-y basis, reflecting conservative cash management and continued inventory discipline. The Company made additional progress on its inventory reduction initiatives during the reported quarter, where inventory per store decreased 1%, while units per store were 5% lower. Kohl’s Account Payable as a percent of inventory increased 400 basis points to 37.1% as a result of lower inventory levels and timing of Easter receipts.

For Q1 2017, Kohl’s capital expenditures were $216 million, approximately $40 million higher than last year. The Company stated that most of the increase was due to spending on its fifth ecommerce fulfillment center, which will open later this year. The Company repurchased 4 million shares of its stock during the reported quarter. Net cash provided by operating activities was $46 million in Q1 2017 compared to net cash of $140 million in Q1 2016.

Dividend

On May 10, 2017, the Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.55 per share. The dividend is payable June 21, 2017, to shareholders of record at the close of business on June 07, 2017.

Store Update

Kohl’s ended the quarter with 1,154 Kohl’s stores, 12 FILA Outlet stores, and three off/Aisle clearance centers in 49 states compared with 1,167 Kohl’s stores at the same period last year.

Stock Performance

At the close of trading session on Tuesday, May 30, 2017, Kohl’s stock price was marginally up by 0.15% to end the day at $38.79. A total volume of 3.30 million shares were exchanged during the session. The Company’s stock has advanced 7.42% in the last twelve months. The Company’s shares are trading at a PE ratio of 11.34 and have a dividend yield of 5.67%. At Tuesday’s closing price, the stock’s net capitalization stands at $6.71 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: 464527

LOS ANGELES, CA / ACCESSWIRE / May 31, 2017 / Marina Biotech, Inc. (OTCQB: MRNA), a biopharmaceutical company focused on the development and commercialization of innovative therapeutics for disease intersections of arthritis, hypertension and cancer, today announced that it will be presenting at the 7th annual LD Micro Invitational on Wednesday, June 7th at 1:30 PM PST / 4:30 PM EST. Joseph Ramelli, Chief Executive Officer, will be giving the presentation and meeting with investors.

“This year, not only do we have a record number of companies making their LD Micro debuts, but a record number of companies presenting for the first time in their company’s history,” stated Chris Lahiji, President of LD Micro. “LD has established itself as the one venue that brings the most influential players from all segments of the market under one roof.”

The conference will be held at the Luxe Sunset Bel Air Hotel and will feature 180 companies in the small / micro-cap space.

View Marina Biotech’s profile here: http://www.ldmicro.com/profile/MRNA

Profiles powered by LD Micro – News Compliments of ACCESSWIRE.

About Marina Biotech

Marina Biotech is a biotechnology company focused on the development and commercialization of innovative therapeutics for disease intersections of arthritis, hypertension, and cancer. Our pipeline includes combination therapies of oligonucleotide-based therapeutics and small molecules. The Marina Biotech pipeline currently includes a clinical program in Familial Adenomatous Polyposis (a precancerous syndrome). By its merger with IthenaPharma, Marina Biotech recently acquired IT-102/IT-103 – next generation celecoxib – which will be developed together with CEQ508 as a therapeutic enhancer for therapies against FAP and CRC. IT-102/IT-103 are also being developed for the treatment of combined arthritis/ hypertension and treatment of pain requiring high dose of celecoxib. Additional information about Marina Biotech is available at http://www.marinabio.com.

About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event).

In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and microcap universe.

For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com for more information.

Investor Contact

Garth Russell / Allison Soss
KCSA Strategic Communications
Phone: (212) 896-1250 / (212) 896-1267
Email: grussell@kcsa.com / asoss@kcsa.com

SOURCE: Marina Biotech

ReleaseID: 464473

The 7th Annual LD Micro Invitational on June 7 & the 2017 Marcum MicroCap Conference on June 16

ANN ARBOR, MI / ACCESSWIRE / May 31, 2017 / ENDRA Life Sciences Inc. (“ENDRA”) (NASDAQ: NDRAU), a developer of photo- and thermo-acoustic medical technologies, has been invited to participate at two upcoming conferences in June 2017.

The 7th Annual LD Micro Invitational is being held on June 6-7, 2017 at the Luxe Sunset Boulevard Hotel in Los Angeles. ENDRA CEO, Francois Michelon, and CFO, David Wells, are scheduled to present on Wednesday, June 7 at 10:30 a.m. Pacific time with one-on-one meetings held throughout the conference. For additional information or to schedule a one-on-one meeting with ENDRA management, please log-in via the link provided in your invitation. You may also email your request to NDRA@mzgroup.us or call Chris Tyson at (949) 491-8235.

The 2017 Marcum MicroCap Conference is being held on June 15-16, 2017 at the Grand Hyatt Hotel in New York City. ENDRA CEO, Francois Michelon, and CFO, David Wells, are scheduled to present on Friday, June 16 at 10:30 a.m. Eastern time with one-on-one meetings held throughout the conference. For additional information or to schedule a one-on-one meeting with ENDRA management, please log-in via the link provided in your invitation. You may also email your request to NDRA@mzgroup.us or call Chris Tyson at (949) 491-8235.

About the 7th Annual LD Micro Invitational

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event). In 2015, LD Micro launched ldmicro.com as a portal to provide exclusive intraday information on the entire sector, including the first pure microcap index (LDMi), which covers stocks in North American with market capitalizations between $50M-$300M. It is a non-registered investment advisor. For more details, please click here.

About the 2017 Marcum MicroCap Conference

The Marcum MicroCap Conference is an annual highlight on the investment community calendar. Since its launch in 2012, this event has become a nationally recognized forum for publicly traded companies with less than $500 million in market capitalization to network with fund managers and high net worth investors who focus on small cap equities. More than 2,000 participants from all segments of the microcap market participate each year, including senior management, finance and legal executives, venture and lower middle-market private equity investors, institutional investors, directors, investment bankers, buy- and sell-side analysts, and service providers to the microcap marketplace. The agenda will feature presentations by CEOs and CFOs in seven principal industry sectors, expert panels moderated by industry leaders, and the opportunity for investors to meet with management of presenting companies on a one-on-one basis. For more information, please click here.

About ENDRA Life Sciences Inc.

ENDRA Life Sciences Inc. (“ENDRA”) (NASDAQ: NDRAU) is a developer of photo- and thermo-acoustic medical technologies bringing new capabilities to existing ultrasound systems. ENDRA’s photo-acoustic solutions currently help global medical researchers screen and modify disease models with high image quality and volume scanning speed. ENDRA has a global installed base of leading institutions using the Nexus-128 system, the only commercially available 3D imaging system for imaging anatomy, physiology and labeled molecular targets. ENDRA’s thermo-acoustic technology is being developed to enable clinicians to use their existing ultrasound equipment to visualize tissue function, composition, and monitor a variety of therapeutic interventions – at the point of care. This directly aligns with current healthcare trends to improve patient access, clinical effectiveness, safety and cost. For more information, please visit www.endrainc.com. Social media coverage on ENDRA’s May 9, 2017 IPO can be found here on Twitter, here on Facebook and here on LinkedIn.

Company Contact:
David Wells
Chief Financial Officer
(734) 997-0464
investors@endrainc.com
www.endrainc.com

Media & Investor Relations Contact:
MZ North America
Chris Tyson
Managing Director
(949) 491-8235
NDRA@mzgroup.us
www.mzgroup.us

SOURCE: ENDRA Life Sciences Inc.

ReleaseID: 464496

Upcoming AWS Coverage on RSP Permian Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 31, 2017 / Active Wall St. announces its post-earnings coverage on Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) (NYSE: PBR-A). The Company released its financial results for the first quarter fiscal 2017 (Q1 FY17) on May 11, 2017. The Rio de Janeiro, Brazil-based Company’s quarterly sales revenues grew 21% y-o-y and posted positive EPS for the reported quarter. Register with us now for your free membership at:

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

One of Petroleo Brasileiro S.A. – Petrobras’ competitors within the Oil & Gas Drilling & Exploration space, RSP Permian, Inc. (NYSE: RSPP), released on May 02, 2017, its financial and operating results for Q1 2017 which ended on March 31, 2017. AWS will be initiating a research report on RSP Permian in the coming days.

Today, AWS is promoting its earnings coverage on PBR; touching on RSPP. Get our free coverage by signing up to

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

Earnings Reviewed

During Q1 FY17, Petrobras sales revenues came in at $21.74 billion, which was above the $17.99 billion recorded at the end of Q1 FY16. However, sales revenue for the reported quarter fell short of market consensus estimates of $24.19 billion.

The Brazil’s state-run oil Company reported net income attributable to shareholders of $1.42 billion, or $0.11 per share, in Q1 FY17 versus net loss attributable to shareholders of $318 million, or $0.02 loss per diluted share, in Q1 FY16. Market analysts had forecasted net income of $0.07 per share for the Company in Q1 FY17.

Operating Metrics

Petrobras’ cost of sales in the reported was $14.17 billion compared to $12.62 billion in the last year’s comparable quarter. The Company’s gross profit increased during Q1 FY17 to $7.56 billion, 35% of sales revenues from $5.37 billion, or 30% of sales revenues, in the past year’s same quarter. The Company reported operating income for Q1 FY17 of $4.54 billion, or 21% of sales revenues, versus $2.08 billion, or 12% of sales revenue, in Q1 FY16. Furthermore, adjusted EBITDA increased during Q1 FY17 to $8.03 billion, or 37% of sales revenues, from $5.42 billion, or 30% of sales revenues, in the prior year’s comparable quarter.

In Q1 FY17, Petrobras’ crude oil and NGL production in Brazil was 2,182 thousand barrels per day (Mbbl/d) up from 1,980 Mbbl/d in Q1 FY16. However, crude oil and NGL production outside Brazil was down to 42 Mbbl/d in Q1 FY17 from 62 Mbbl/d in the prior year’s corresponding quarter. Furthermore, net exports during the reported quarter were 489 Mbbl/d, against net import of 33 Mbbl/d in Q1 FY16.

Segment Performance

Exploration & Production’s segment’s sales revenue surged 75% to $10.57 billion in Q1 FY17 from $6.06 billion in the year ago same quarter. The segment posted operating income of $3.14 billion in Q1 FY17 versus operating loss of $196 million in Q1 FY16. Meanwhile, the segment’s adjusted EBITDA also surged to $5.67 billion in Q1 FY17 from $2.36 billion in Q1 FY16.

During Q1 FY17, Refining, Transportation, and Marketing segment’s sales revenues came in at $17.15 billion, rising 26% from $13.58 billion in Q1 FY16. The segment reported operating income of $1.67 billion in Q1 FY17 compared to $2.94 billion in Q1 FY16. Furthermore, the segment’s adjusted EBITDA came in at $2.30 billion in Q1 FY17 compared to $3.44 billion in Q1 FY16.

Petrobras’ Gas & Power segment’s sales revenues for the reported quarter were $2.45 billion, which came in 2% above the $2.40 billion recorded in year ago comparable quarter. The segment’s operating income for Q1 FY17 stood at $495 million compared to $281 million in Q1 FY16. Additionally, the segment’s adjusted EBITDA for Q1 FY17 stood at $718 million versus $474 million in the prior year’s same period.

For the reported period, Distribution segment’s sales revenues were up by 3% to $6.65 billion from $6.45 billion in Q1 FY16. The segment’s operating income for Q1 FY17 was $178 million versus operating loss of $12 million in Q1 FY16. Moreover, the segment’s adjusted EBITDA surged to $217 million in Q1 FY17 from $24 million in the previous year’s comparable quarter.

Cash Matters and Balance Sheet

In the quarter ended on March 31, 2017, Petrobras’ net cash provided by operating activities was $7.38 billion compared to $4.43 billion in the prior year’s same quarter. The Company’s free cash flow in the reported quarter stood at $4.25 billion versus $610 million in Q1 FY16.

The Company’s cash and cash equivalents balance fell to $19.21 billion as on March 31, 2017, from $21.21 billion at the close of books on December 31, 2016. Meanwhile, the Company’s net debt was down to $94.99 billion as on March 31, 2017, from $96.38 billion as on December 31, 2016. Net debt to adjusted EBITDA ratio was 3.36 as on March 31, 2017, compared to 3.76 as on December 31, 2016. Furthermore, leverage was down to 54% as on March 31, 2017, from 55% as on December 31, 2016.

Stock Performance

At the closing bell, on Tuesday, May 30, 2017, Petrobras’ stock slipped 2.79%, ending the trading session at $8.70. A total volume of 21.05 million shares were traded at the end of the day. In the previous twelve months, shares of the Company have soared 48.97%. The stock currently has a market cap of $54.78 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: 464531

Upcoming AWS Coverage on Gap Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 31, 2017 / Active Wall St. announces its post-earnings coverage on Nordstrom, Inc. (NYSE: JWN). The Company posted its financial results for the first quarter fiscal 2017 (Q1 FY17) on May 11, 2017. The Seattle-based Chain reported better than expected sales and earnings numbers. Register with us now for your free membership at:

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

One of Nordstrom’s competitors within the Apparel Stores space, The Gap, Inc. (NYSE: GPS), disclosed on May 18, 2017, its financial results for Q1 FY17. AWS will be initiating a research report on Gap in the coming days.

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

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

Earnings Reviewed

In Q1 FY17, Nordstrom reported net sales of $3.28 billion compared to net sales of $3.19 billion in Q1 FY16. The Company’s revenue number surpassed analysts’ consensus estimates of $3.35 billion.

For the quarter ended April 29, 2017, Nordstrom posted gross profit of $1.13 billion, or 34.3% of net sales, compared to gross profit of $1.09 billion, or 34.2% of net sales, in Q1 FY16.

Nordstrom posted earnings before interest and taxes (EBIT) of $151 million, or 4.6% of net sales, compared with EBIT of $106 million, or 3.3% of net sales, in the prior year’s corresponding period. In Q1 FY17, the Company’s Credit EBIT increased $20 million on a y-o-y basis due to higher credit card revenues including a reduction in amortization expenses of $7 million related to the sale of the credit card portfolio.

Nordstrom reported Q1 FY17 net earnings of $63 million, or $0.37 per diluted earning share, compared to net earnings of $46 million, or $0.26 per diluted earning share, in Q1 FY16. On an adjusted basis, the Company posted earnings of $0.43 per share. Nordstrom’s earnings exceeded Wall Street’s estimates of $0.27 per share.

Segment Performance

During Q1 FY17, Nordstrom’s full-line stores-US segment reported net sales of $1.48 billion, or 6.4% of comparable stores, compared to net sales of $1.58 billion, or 7.7% of comparable stores, in Q1 FY16. The segment’s net sales including the US, Canada full-line stores, and Nordstrom.com decreased 1.7%, and comparable sales decreased to 2.8% when combined with trunk-club.

In Q1 FY17, Nordstrom Rack segment, which consist of Nordstrom Rack stores Nordstromrack.com/Hautelook, reported net sales of $954 million, or 0.9% of comparable stores, versus net sales of $894 million, or 0.8% of comparable stores, in the prior year. The segment’s net sales for the reported quarter increased 8.7% and comparable sales grew 2.3% compared to the year ago same period.

Cash Flow and Balance sheet

In Q1 FY17, Nordstrom generated $89 million in cash from operations compared to $176 million in cash generated from operations in Q1 FY16.

Nordstrom had cash and cash equivalents balance of $653 million as on April 29, 2017, compared to balance of $470 million at the end of April 30, 2016.

Dividend share re-purchases

In a separate press release announced on May 16, 2017, Nordstrom board of director announced dividend of $0.37 per share. The dividend would be payable on June 12, 2017, to shareholders of record at the close of business on May 26, 2017.

During Q1 FY17, the Company repurchased $4.6 million shares of its common stock for $206 million. The Company has $414 million remaining under its existing share repurchase board authorization.

Store update

In Q1 FY17, Nordstrom has opened 6 Nordstrom’s Rack stores and closed one full-line store. The Company posted gross square footage on April 29, 2017, of $29.76 billion compared to $28.77 billion at the end of April 30, 2016.

Outlook

For FY17, Nordstrom is expected to increase sale by 3% to 4%. The Company reiterated its FY17 earnings outlook of $2.75 to $3.00 per diluted share. Nordstrom is forecasting Retail EBIT in the range of $780 million to $840 million and, credit EBIT to approximately $140 million. The Company is expecting comparable sales to be approximately flat for FY17.

Stock Performance

At the close of trading session on Tuesday, May 30, 2017, Nordstrom’s stock price slightly declined 0.07% to end the day at $42.44. A total volume of 1.66 million shares were exchanged during the session. The Company’s share price has surged 11.19% in the past twelve months. The Company’s shares are trading at a PE ratio of 19.93 and have a dividend yield of 3.49%. The stock currently has a market cap of $6.97 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: 464530

Upcoming AWS Coverage on Commercial Vehicle Post-Earnings Results

LONDON, UK / ACCESSWIRE / May 31, 2017 / Active Wall St. announces its post-earnings coverage on Magna International Inc. (NYSE: MGA). The Company disclosed its first quarter fiscal 2017 financial results on May 11, 2017. Canadian auto parts maker outperformed top- and bottom-line expectations. Register with us now for your free membership at:

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

One of Magna International’s competitors within the Auto Parts Wholesale space, Commercial Vehicle Group, Inc. (NASDAQ: CVGI), reported on May 04, 2017, its financial results for Q1 2017 which ended on March 31, 2017. AWS will be initiating a research report on Commercial Vehicle in the coming days.

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

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

Earnings Reviewed

Magna International posted record sales of $9.37 billion for the first quarter ended March 31, 2017, an increase of 5% over Q1 2016 sales of $8.90 billion. The Company stated that the strong y-o-y growth was achieved despite North American light vehicle production declining by 1% to 4.5million units and European light vehicle production increasing only 2% to 5.76 million units compared to the year ago same period. The Company’s revenue numbers surpassed analysts’ consensus estimates of $9.26 billion.

Magna International’s complete vehicle assembly sales decreased 31% in Q1 2017 largely reflecting the end of production of the MINI Countryman and Paceman in 2016, partially offset by the start of production of the BMW 5-Series at the Company’s assembly facility in Graz Austria.

During Q1 2017, Magna International’s income from operations before income taxes was $806 million, up 19% compared to income from operations of $675 million in Q1 2016. The Company’s adjusted EBIT increased 19% to $831 million for the reported quarter compared to $698 million for the prior year’s comparable quarter. The Company’s North America, Europe, Asia, and Rest of World segments all posted higher adjusted EBIT and adjusted EBIT percentage of sales compared to the prior year’s corresponding quarter.

Net income attributable to Magna International was $586 million, 19% higher than Q1 2016 net income of $492 million. The Company’s diluted earnings per share increased 25% to $1.53 in the reported quarter compared to $1.22 per diluted share in the prior year’s same quarter. The Aurora, Ontario-based Company’s results exceeded Wall Street’s estimates of $1.34 per share.

Cash Matters

During Q1 2017, Magna International’s cash provided from operating activities totaled $443 million, up 46% on a y-o-y basis. This included cash generated from operations of $870 million before changes in operating assets and liabilities, and $427 million invested in operating assets and liabilities. The Company’s total investment activities for the reported quarter were $392 million, including $309 million in fixed asset additions and $83 million in investments, other assets and intangible assets.

Cash Return

During the three months ended March 31, 2017, Magna International repurchased 2.3 million shares for $100 million. In addition, the Company paid dividends of $105 million in the reported quarter. As of March 31, 2017, Magna International had $831 million of cash and cash equivalents compared with $974 million as of December 31, 2016.

In the earnings press release, Magna International’s Board of Directors declared a quarterly dividend of $0.275 with respect to its outstanding Common Shares for the quarter ended March 31, 2017. This dividend is payable on June 09, 2017, to shareholders of record on May 26, 2017.

Outlook

For FY17, Magna International expects revenue in the range of $36.6 billion to $38.3 billion. The Company is expecting revenue from the Vehicle Production segment in the band of $30.8 billion–$32.1 billion, while sales from the Complete Vehicle Assembly sales are projected to be between $2.7 billion–$3 billion. Magna International is expecting FY17 capital spending to be approximately $2.0 billion.

Stock Performance

At the closing bell, on Tuesday, May 30, 2017, Magna International’s stock marginally climbed 0.27%, ending the trading session at $45.11. A total volume of 1.38 million shares were traded at the end of the day. Magna International’s stock price surged 5.25% in the last three months, 9.44% in the past six months, and 10.78% in the previous twelve months. Moreover, the stock gained 3.94% since the start of the year. The Company’s shares are trading at a PE ratio of 8.24 and have a dividend yield of 2.44%. At Tuesday’s closing price, the stock’s net capitalization stands at $17.04 billion.

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