Research Desk Line-up: Proto Labs Post Earnings Coverage

LONDON, UK / ACCESSWIRE / July 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Stanley Black & Decker, Inc. (NYSE: SWK) (“SWK”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=SWK, following the Company’s reporting of its financial results on July 24, 2017, for the second quarter fiscal 2017. The power tools manufacturer surpassed top- and bottom-line expectations and also raised its earnings forecasts for the fiscal year. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Machine Tools & Accessories industry. Pro-TD has currently selected Proto Labs, Inc. (NYSE: PRLB) for due-diligence and potential coverage as the Company announced on July 27, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Proto Labs when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SWK; also brushing on PRLB. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=SWK

http://protraderdaily.com/optin/?symbol=PRLB

Earnings Reviewed

SWK’s net sales for the second quarter were $3.23 billion, up 10% versus sales of $2.93 billion in Q2 2016, as positive volume and acquisitions more than offset divestitures price and currency impact. The Company’s revenue numbers topped analysts’ expectations of $3.18 billion.

During Q2 2017, SWK’s gross margin rate was 37.5%. Excluding charges, the Company’s gross margin rate was 38.3%, relatively flat to Q2 2016 as volume leverage and productivity were offset by price, currency, and commodity inflation. SWK’s operating margin rate was 14.7% in the reported quarter while excluding charges, operating margin rate was 15.7% compared to a post-merger record 15.8% rate in Q2 2016.

SWK reported earnings of $277.2 million, or $1.82 per share, for Q2 2017 compared with earnings of $217.5 million, or $1.84 per share, in Q2 2016. The Company’s adjusted earnings were $2.01 per share compared with a Wall Street’s estimates of $1.97 per share.

Segment Results

During Q2 2017, SWK’s Tools & Storage net sales surged 17% on y-o-y basis to $2.26 billion as volume growth of 9% and acquisitions of 11% more than offset impact of divestitures, price, and currency. During the reported quarter, Tools & Storage segment profit rate, excluding charges, was 18.1%, down from the record year ago rate of 18.8%, as benefits of volume leverage and productivity were more than offset by growth investments, price, and commodity inflation.

SWK’s Security net sales fell 12% on a y-o-y basis to $474 million as volume, price, and small bolt-on electronic security acquisitions were more than offset by the sale of the Mechanical Security business and currency. In the reported quarter, the Security segment’s profit rate, excluding charges, was 11.1%, down compared to 12.6% in the prior year’s same quarter, reflecting an approximately 120 basis point decline related to the sale of the Mechanical Security business, as well as impacts of mix and funding growth investments.

For Q2 2017, SWK’s Industrial net sales increased 7% on a y-o-y basis to $496 million driven by a 9% growth in volume, partially offset by currency. The segment’s Engineered Fastening organic revenues increased 6%, driven by strong automotive system shipments supporting new customer platforms and volume growth within general industrial. Infrastructure organic revenues were up 19% on expanded Hydraulic Tools volumes from successful commercial actions and improved market conditions as well as higher Oil & Gas volumes from accelerated North American pipeline project and inspection activity. The Industrial segment’s profit rate for the reported quarter was 19.4% as volume leverage, productivity gains, and cost control resulted in a 240 basis point expansion versus the prior year’s same quarter rate.

Cash Matters

During Q2 2017, SWK’s free cash flow was $134 million compared to $417.7 million in Q2 2016. The Company’s year-to-date free cash flow performance was a use of cash of $76 million compared to positive free cash flow of $259.7 million. The quarterly and year-to-date declines were predominantly attributed to carrying higher amounts of working capital relative to the outsized level of organic growth the Company was experiencing primarily within the Tools & Storage business.

2017 Outlook

SWK’s management raised its 2017 earnings forecasts to $8.05 – $8.25 per share from the earlier announcement of $7.95 – $8.15 per share on a GAAP basis and to $7.18 – $7.38 per share from $7.08 – $7.28 on an adjusted basis, as it expects stronger full year results attributable primarily to higher organic growth expectations. The Company is also reiterating its free cash flow conversion estimate of approximately 100%.

Stock Performance

On Friday, July 28, 2017, the stock closed the trading session at $139.88, marginally down 0.89% from its previous closing price of $141.14. A total volume of 918.93 thousand shares have exchanged hands. Stanley Black & Decker’s stock price rallied 2.74% in the last three months, 11.88% in the past six months, and 14.50% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 21.96%. The stock is trading at a PE ratio of 17.92 and has a dividend yield of 1.80%. At Friday’s closing price, the stock’s net capitalization stands at $21.62 billion.

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PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.com/disclaimer/.

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Research Desk Line-up: TAL Education Post Earnings Coverage

LONDON, UK / ACCESSWIRE / July 31, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Aaron’s, Inc. (NYSE: AAN), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=AAN. The Company announced on July 28, 2017, that it has acquired all the assets of SEI/Aaron’s, Inc. (“SEI”), its largest franchisee, for approximately $140 million in an all-cash deal. For this deal, Aaron’s is expected to use its cash on hand. The transaction has a meaningful potential for revenue growth and is expected to be accretive to earnings in 2017. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Rental & Leasing Services industry. Pro-TD has currently selected TAL Education Group (NYSE: TAL) for due-diligence and potential coverage as the Company announced on July 27, 2017, its unaudited financial results for Q1 FY18 which ended on May 31, 2017. Tune into our site to register for a free membership, and be among the early birds that get our report on TAL Education when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AAN; also brushing on TAL. Go directly to your stock of interest and access today’s free coverage at:

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Acquisition of High-Performing Stores in Important Geographic Markets

This deal is consistent with Aaron’s strategy of acquiring high-performing stores in attractive geographic markets. For instance, Aaron’s expects to extend its presence in highly attractive markets by acquiring SEI. SEI currently serves more than 90,000 customers through 104 Aaron’s stores in 11 states, primarily in the Northeast. SEI was founded in 1995 and has built an outstanding business in the last 22 years. SEI has steadily been one of the Aaron’s top performing franchisees.

Aaron’s will get Access to SEI’s Experienced Leadership

John Robinson, Chief Executive Officer of Aaron’s expressed his excitement on bringing the SEI team and stores into Aaron’s’ organization. He also shared how SEI’s founder Charles Smithgall, CEO Chas Smithgall, and President and COO, Dave Edwards, have built an exceptional business, with a profound leadership team and strong profitability over the last 22 years. Douglas Lindsay, President of the Aaron’s Business also announced that he was pleased that Dave Edwards, who has led SEI’s operations for about 15 years, would be joining the Aaron’s team.

On the other hand, Dave Edwards exclaimed that SEI has been a proud and successful part of the Aaron’s family for over 20 years. He acknowledged Aaron’s extraordinary culture and long history of providing customers access to quality products for their homes and families. He is hopeful that the legacy that SEI and Aaron have built together would continue as the organization executes on its long-term strategy.

Potential for Revenue and Cost Synergies

As a result of this acquisition, Aaron’s omni-channel platform would benefit from added scale. Also, Aaron’s existing competitive advantages combined with SEI’s best-in-class operating strategies would create considerable opportunities for revenue and cost improvement.

Moreover, the acquisition will also enhance Aaron’s ability to drive inventory supply-chain synergies between the Aaron’s Business and Progressive Leasing in markets that SEI currently serves. This will lead to higher margins and profitability.

About Aaron’s, Inc.

Aaron’s, headquartered in Atlanta, is a leading omni-channel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances, and accessories through more than 1,770 Company-operated and franchised stores in 47 states and Canada as well as its e-commerce platform, Aarons.com.

Last Close Stock Review

At the closing bell, on Friday, July 28, 2017, Aaron’s’ stock surged 17.04%, ending the trading session at $47.54. A total volume of 3.97 million shares have exchanged hands, which was higher than the 3-month average volume of 791.35 thousand shares. The Company’s stock price skyrocketed 32.28% in the last three months, 55.66% in the past six months, and 116.58% in the previous twelve months. Moreover, the stock soared 48.61% since the start of the year. The stock is trading at a PE ratio of 24.22 and has a dividend yield of 0.23%. The stock currently has a market cap of $2.87 billion.

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

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PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.com/disclaimer/.

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Research Desk Line-up: MPLX L.P. Post Earnings Coverage

LONDON, UK / ACCESSWIRE / July 31, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for TransCanada Corp. (NYSE: TRP), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=TRP. The Company announced on July 28, 2017, that it plans to expand the capacity of Canadian Mainline System and has sought to apply to the National Energy Board (NEB) for the same. The proposed C$160 million (approximately) expansion project is well supported by long-term contracts of 15-year periods. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Oil & Gas Pipelines industry. Pro-TD has currently selected MPLX L.P. (NYSE: MPLX) for due-diligence and potential coverage as the Company reported on July 27, 2017, its financial results for Q2 2017. Tune into our site to register for a free membership, and be among the early birds that get our report on MPLX L.P. when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TRP; also brushing on MPLX. Go directly to your stock of interest and access today’s free coverage at:

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Sharing his views on the development, Karl Johannson, Executive Vice President, and President, Canada and Mexico Natural Gas Pipelines and Energy of TransCanada said:

“This expansion will help ensure Ontario customers receive the natural gas they need over the long-term and meet growing market demand in Atlantic Canada. This investment further affirms our commitment to build key natural gas infrastructure in Canada and shows the importance of the Canadian Mainline to efficiently and competitively meet the transportation needs of our customers.”

Capacity Expansion Project details

The expansion is through the Maple Compressor Station near Vaughan, Ontario. The Company feels that the project will not only allow it to increase its capacity to deliver to the southern Ontario market but also increase capacity for delivery to Atlantic Canada via the Trans Quebec & Maritimes Pipeline (TQM) and Portland Natural Gas Transmission (PNGTS) Systems.

The capacity expansion will allow the Company to increase its compression and related facilities on the Canadian Mainline. This will increase the Company’s gas supply by an additional 80 million cubic feet of natural gas per day approximately. This additional gas would be enough to meet the energy needs of more than 300,000 homes annually. TransCanada plans to fill out an application with NEB in early 2018 for the approval of the associated facilities once it has completed the tariff process for capacity additions. The Company has set a target date of November 01, 2019, to start the service. The new investment is part of the Company’s C$500 million program to support additional transportation of Canadian and US gas through the Canadian Mainline System.

About the Canadian Mainline

TransCanada’s Canadian Mainline is a 14,114 km (8,770 mile) pipeline that carries natural gas from the Western Canada Sedimentary Basin (WCSB) to Ontario and beyond. The Canadian Mainline is governed by Canada’s NEB. The development of the pipeline has helped in the creation of jobs, overall development, and growth of industries across Canada by delivering fuel to millions of Canadians.

Financial Results for Q2 2017

On the same day (July 28, 2017), TransCanada also shared its financial performance report for Q2 2017. The net income was C$881 million for Q2 2017 compared to net income of C$365 million for Q2 2016. Earnings were C$659 million for Q2 2017 compared to earnings of C$366 million for Q2 2016. The EPS was C$0.76 for Q2 2017 compared to the EPS of C$0.52 for Q2 2016. The Company’s revenue came in at C$3.22-billion for Q2 2017 compared to revenue of C$2.75-billion in Q2 2016.

The Company also declared a quarterly dividend of C$0.625 per common share for the quarter ending September 30, 2017, which would be payable on October 31, 2017.

About TransCanada

Toronto, Ontario, Canada based TransCanada was founded in 1951 to develop the TransCanada Pipeline which is now known as the Canadian Mainline. It is a leading energy infrastructure company in North America focused on natural gas and liquids pipelines, power generation, and natural gas storage facilities, and it is Canada’s second biggest pipeline operator. It operates a network of natural gas pipelines which cover more than 91,500 kilometers (56,900 miles) and is a leading provider of gas storage and related services with 653 billion cubic feet of storage capacity. It is also one of the largest independent power producers and owns or has interests in approximately 6,200 megawatts of power generation in Canada and US.

TransCanada is also the developer and operator of one of North America’s leading liquids pipeline systems that extends over 4,300 kilometers (2,700 miles). The Company’s operations are supported by a global team of 7,100+ employees.

Last Close Stock Review

TransCanada’s share price finished last Friday’s trading session at $51.13, advancing 1.11%. A total volume of 1.36 million shares have exchanged hands, which was higher than the 3-month average volume of 1.34 million shares. The Company’s stock price surged 10.10% in the last three months, 7.17% in the past six months, and 11.44% in the previous twelve months. Additionally, the stock rallied 13.24% since the start of the year. Shares of the Company have a PE ratio of 97.21 and have a dividend yield of 3.29%. The stock currently has a market cap of $44.11 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD 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.

PRO-TD 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 contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.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: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

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

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ReleaseID: 470043

LONDON, UK / ACCESSWIRE / July 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on V.F. Corp. (NYSE: VFC) (“VFC”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=VFC, following the Company’s disclosure of its financial results on July 24, 2017, for the second quarter fiscal 2017. The Company’s earnings and revenue numbers surpassed market estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Textile – Apparel Clothing industry. Pro-TD has currently selected Columbia Sportswear Company (NASDAQ: COLM) for due-diligence and potential coverage as the Company announced on July 28, 2017, its financial results for Q2 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Columbia Sportswear when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on VFC; also brushing on COLM. With the links below you can directly download the report of your stock of interest free of charge at:

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http://protraderdaily.com/optin/?symbol=COLM

Earnings Reviewed

For the three months ended July 01, 2017, VFC’s total revenue increased 1.7% to $2.36 billion on a y-o-y basis from $2.32 billion in Q2 FY16. The total revenue surpassed analysts’ expectations by $70 million.

For the reported quarter, VFC’s gross margin increased 80 basis points to 49.7% of sales from 48.9% of sales in Q2 FY16. During Q2 FY17, VFC’s selling, general, and administrative expenses (SG&A) increased 5.9% to $1.00 billion from $940.80 million in the prior year’s same quarter. For the reported quarter, VFC’s operating margin decreased 130 basis points to $7.1% of sales from 8.4% of sales in Q2 FY16. The decrease included a 70 basis points effect of foreign exchange.

During Q2 FY17, VFC reported net income of $109.9 million, or $0.27 per share, up from $51.0 million, or $0.12 per share, for Q2 FY16. For the reported quarter, the Company’s adjusted diluted EPS decreased 9.4% to $0.29 on a y-o-y basis from $0.32 in Q2 FY16. The EPS surpassed analysts’ expectations of $0.28.

On June 09, 2017, VFC’s Board of Directors declared a quarterly dividend of $0.42 per share, payable on September 18, 2017, to shareholders of record on September 08, 2017.

Segment Details

Outdoor & Action Sports – During Q2 FY17, this segment’s revenue increased 3.5% to $1.47 billion from $1.41 billion in Q2 FY16. For the reported quarter, the segment’s profit decreased 1% to $121.77 million from $123.25 million in Q2 FY16.

Jeanswear – During Q2 FY17, this segment’s revenue decreased 4.5% to $600.81 million from $629.18 billion in Q2 FY16. For the reported quarter, the segment’s profit decreased 22% to $84.76 million from $108.84 million in Q2 FY16.

Imagewear – During Q2 FY17, this segment’s revenue increased 11.3% to $150.01 million from $134.83 million in Q2 FY16. For the reported quarter, the segment’s profit increased 4.8% to $25.57 million from $24.38 million in Q2 FY16.

Sportswear – During Q2 FY17, this segment’s revenue increased 2.1% to $114.26 million from $114.88 million in Q2 FY16. For the reported quarter, the segment’s profit increased 80% to $11.35 million from $6.30 million in Q2 FY16.

Balance Sheet

As on July 01, 2017, VFC’s cash and cash equivalents were $672.54 million compared to $676.26 million in Q2 FY16.

During Q2 FY17, VFC’s inventories increased 2.4% to $1.71 billion from $1.67 billion in Q2 FY16.

Outlook

For FY17, VFC is expecting total revenue to be $11.65 billion. The Company expects direct to consumer revenue to increase in the range of 10%-11% and estimates digital revenue growth to be more than 25%.

For fiscal 2017, VFC estimates gross margin to be 49.8%, including a 70 basis point negative impact from changes in foreign currency. The Company expects operating margin to be 14%, including a 60 basis point negative impact from changes in foreign currency.

For FY17, VFC estimates EPS to be $2.94 and cash flow from operations to be around $1.45 billion.

Chairmen to Retire

On July 24, 2017, in a separate press release, VFC announced that Eric C. Wiseman will retire as Executive Chairman of the Board and as a Director of VFC, effective October 28, 2017.

VFC’s Board of Directors has elected President, Chief Executive Officer, and Director Steven E. Rendle, 58, to the role of Chairman effective upon Wiseman’s retirement. Wiseman’s retirement completes VFC’s planned leadership succession which began with the promotion of Rendle to President and Chief Operating Officer in June 2015, and to CEO in January of 2017.

Stock Performance

On Friday, July 28, 2017, the stock closed the trading session at $61.85, climbing 1.71% from its previous closing price of $60.81. A total volume of 1.99 million shares have exchanged hands. V.F. Corp.’s stock price surged 13.22% in the last three months, 21.82% in the past six months, and 0.36% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 15.93%. The stock is trading at a PE ratio of 23.46 and has a dividend yield of 2.72%. At Friday’s closing price, the stock’s net capitalization stands at $24.35 billion.

Pro-Trader Daily:

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

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SOURCE: Pro-Trader Daily

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Research Desk Line-up: Robert Half Intl. Post Earnings Coverage

LONDON, UK / ACCESSWIRE / July 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on ManpowerGroup Inc. (NYSE: MAN), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=MAN, following the Company’s disclosure of its second quarter fiscal 2017 earnings results on July 24, 2017. The staffing Company reported a 6% gain in revenue on a constant currency basis, while its GAAP earnings also improved 7%. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Staffing & Outsourcing Services industry. Pro-TD has currently selected Robert Half International Inc. (NYSE: RHI) for due-diligence and potential coverage as the Company reported on July 25, 2017, its revenues and earnings for Q2 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Robert Half Intl. when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MAN; also brushing on RHI. With the links below you can directly download the report of your stock of interest free of charge at:

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http://protraderdaily.com/optin/?symbol=RHI

Earnings Reviewed

ManpowerGroup’s revenue for Q2 2017 totaled $5.17 billion, reflecting an increase of 3% on a y-o-y basis. On a constant currency basis, revenues increased 6%, which was above the high-end of the Company’s guidance range, primarily due to stronger growth in Southern Europe. On a same-day basis, ManpowerGroup’s underlying organic constant currency growth rate was 7%. The Company’s revenue numbers exceeded analysts’ top-line expectations of $5.03 billion.

During Q2 2017 ManpowerGroup’s gross margin totaled 16.7%, a 40 basis point decrease from the prior year. The staffing gross margin had a 30 basis point unfavorable impact on overall gross margin, which was primarily driven by business mix. The Company’s operating profit in the reported quarter was $195 million, up 1% in constant currency. On an adjusted basis, ManpowerGroup’s operating profit was $205 million, an increase of 7% in constant currency.

ManpowerGroup reported that net earnings for the three months ended June 30, 2017, were $117.0 million, or $1.72 per diluted share, compared to net earnings of $115.4 million, or $1.60 per diluted share, in the prior year’s corresponding period. The Company’s reported quarter included restructuring charges which reduced earnings per share by $0.10 per share, while earnings were also negatively impacted $0.03 per share by changes in foreign currencies compared to the prior year. ManpowerGroup’s adjusted earnings for the reported quarter totaled $1.82 per share, which topped Wall Street’s estimates of $1.73 per share.

Segment Results

During Q2 2017, ManpowerGroup’s Americas segment, which was comprised of 20% of consolidated revenue, reported sales of $1.1 billion; a decrease of 1% in constant currency. The segment’s Operating Unit Profit (OUP) came in at $57.6 million in the reported quarter compared to $53.8 million in the prior year’s same quarter.

The US is the largest country in the Americas segment, comprising 64% of the segment’s revenues in Q2 2017. Revenues in the US were $671 million in the reported quarter, down 7% compared on a y-o-y basis. During Q2 2017, excluding the restructuring charges, OUP for the Company’s US business increased 22% to $49 million.

ManpowerGroup’s Southern Europe, which contributed 41% of consolidated revenue in Q2 2017, generated revenue of $2.1 billion; reflecting an increase of 13% in constant currency. The segment’s OUP was $110.3 million, up 10% on a y-o-y basis in constant currency, while its OUP margin was 5.2%, down 10 basis points from the prior year. Revenue from France which comprised 64% of the Southern Europe segment revenue rose 11% on a y-o-y basis in constant currency.

ManpowerGroup’s Northern Europe segment’s revenue grew 2% in constant currency to $1.3 billion and comprised of 25% consolidated revenue in the reported quarter. The segment’s OUP came in at $33 million in the reported quarter or $34 million before restructuring costs. OUP was down 6% in constant currency, and OUP margin was down 20 basis points before the restructuring charges. The Company’s largest market in the Northern Europe segment was the UK, which represented 30% of the segment. UK’s revenues were down 10% in constant currency and down 8% on a billing day’s adjusted basis.

The Asia/Pacific Middle-East segment contributed 13% of total Company revenue and reported growth of 5% in constant currency to $643 million, or 7% after adjusting for billing days. OUP was $23 million in the quarter, representing an increase of 6% in constant currency, and OUP margin was stable at 3.6%.

ManpowerGroup’s Right Management business revenues were down 20% in constant currency to $57 million, following an 11% decline in Q1 2017. The segment’s OUP decreased 41% on a constant currency basis to $8 million, and OUP margin was 14.8%.

Cash Matters

During H1 2017, ManpowerGroup’s free cash flow was $122 million, including the sale of the 2016 France CICE tax credit in March for $144 million. Excluding CICE sales in both years, free cash flow represented an outflow of $22 million in 2017 compared to an inflow of $88 million in the prior year.

During Q2 2017, ManpowerGroup repurchased 566,000 shares of stock for $59 million, bringing total purchases for the 6-month period to 1.1 million shares for $116 million. As of June 30, 2017, the Company had 3.6 million shares remaining for repurchase under the 6 million share program approved in July of 2016.

As of June 30, 2017, ManpowerGroup had cash of $573 million and total debt of $891 million, bringing its net debt to $318 million. The Company’s total debt-to-trailing 12-months EBITDA was 1.1 and total debt-to-total capitalization at 26%.

Outlook

For Q3 2017, ManpowerGroup is forecasting earnings per share to be in the range of $1.90 to $1.98, which includes a positive impact from foreign currency of $0.02 per share. The Company’s constant currency revenue growth guidance is expected to be in the range of 4% and 6%.

Stock Performance

On Friday, July 28, 2017, the stock closed the trading session at $105.91, slightly climbing 0.53% from its previous closing price of $105.35. A total volume of 659.80 thousand shares have exchanged hands, which was higher than the 3-month average volume of 543.43 thousand shares. ManpowerGroup’s stock price skyrocketed 4.88% in the last three months, 13.06% in the past six months, and 52.43% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 19.17%. The stock is trading at a PE ratio of 16.19 and has a dividend yield of 1.76%. At Friday’s closing price, the stock’s net capitalization stands at $7.07 billion.

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PRO-TD 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 contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (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 PRO-TD. PRO-TD 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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PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.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: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

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

SOURCE: Pro-Trader Daily

ReleaseID: 470038