Research Desk Line-up: Arrow Electronics Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Avnet, Inc. (NYSE: AVT), can be viewed by registering at http://protraderdaily.com/optin/?symbol=AVT, following the Company’s release of its fourth quarter fiscal 2017 on August 09, 2017. The distributor of electronic components saw sales increase of 16.1% y-o-y, a jump of 17.9% y-o-y in adjusted operating income, and a surge of 42.4% y-o-y in adjusted diluted earnings per share. 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:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Electronics Wholesale industry. Pro-TD has currently selected Arrow Electronics, Inc. (NYSE: ARW) for due-diligence and potential coverage as the Company announced on August 03, 2017, its financial results for Q2 2017. Register for a free membership today, and be among the early birds that get access to our report on Arrow Electronics 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 AVT; also brushing on ARW. With the links below you can directly download the report of your stock of interest free of charge at:

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

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

Earnings Reviewed

Avnet generated sales of $4.61 billion in fourth-quarter of fiscal 2017 compared to $3.97 billion in the corresponding quarter of the last fiscal year, registering an increase of 16.1% y-o-y and an organic growth of 6.8% y-o-y.

The Company’s operating income was $93.4 million in Q4 FY17 compared to $120.2 million in the corresponding quarter in fiscal 2016; a decrease of 22.3% y-o-y. Avnet’s adjusted operating income for fourth-quarter fiscal 2017 was $155.2 million compared to $131.7 million in the same quarter of the last fiscal year; a growth of 17.9% y-o-y.

The adjusted income from continuing operations for Avnet for Q4 FY17 was $105.0 million compared to $75.4 million in Q4 FY16; a growth of 39.3% y-o-y.

Avnet announced diluted earnings per share (EPS) from continuing operations of $0.59 for Q4 FY17 compared to $0.56 for the same quarter of the last fiscal year; a growth of 5.4% y-o-y. The adjusted diluted EPS from continuing operations for Q4 FY07 was $0.84 against $0.59 for the corresponding quarter of the last fiscal year; a growth of 42.4% y-o-y.

The Company beat Wall Street’s estimates in both earnings ($0.77) and revenues ($4.46 billion).

Segment Information

Avnet changed its reportable segments to Electronic Components and Premier Farnell operating groups as a result of the sale of the TS Business and the acquisition of Premier Farnell during the fourth quarter of fiscal 2017.

Electronics components segment reported sales of $4.26 billion for Q4 FY17 which was a 7.4% y-o-y enhancement in sales as well as in organic growth. The segment also reported operating income of $152.4 million in Q4 FY17 compared to $154.7 million in the corresponding quarter of the last fiscal year; a decrease of 1.5% y-o-y. Operating income margin reported by the Company in this segment was 3.6% in the fourth quarter of fiscal 2017 compared to 3.9% in the same quarter of the last fiscal year; a decrease of 32 basis points y-o-y.

The Company’s Premier Farnell business generated sales of $345.7 million in Q4 FY17. Avnet reported operating income of $35.5 million for this segment in Q4 FY17 and operating income margin of 10.3% in this segment for Q4 FY17.

Cash Matters

Avnet generated cash from continuing operations of $81 million in Q4 FY17 and $221 million in fiscal 2017. The Company held cash and cash equivalents at the end of Q4 FY17 of $836 million, while its net debt was $943 million at the end of the same period.

During the June quarter of fiscal 2017, Avnet repurchased 3.3 million shares, representing an aggregate investment of $136 million. Avnet paid a dividend of $0.18 per share, or $22 million, during the fourth quarter of fiscal 2017.

Dividend

On August 11, 2017, Avnet announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share. The dividend will be paid on September 15, 2017, to shareholders of record as of the close of business on September 06, 2017.

Outlook

Avnet announced its outlook for Q1 FY18, expecting sales to be in the range of $4.15 billion to $4.45 billion. The Company also expects its adjusted diluted EPS to be in the range of $0.67 to $0.77 based on the assumption of 125 million average diluted shares outstanding and an adjusted tax rate of 23% to 27%.

CFO Transition

On the same day of its earnings release, Avnet announced that Kevin Moriarty, the Company’s Chief Financial Officer (CFO) for the past 4 and half years, has notified the Company of his decision to step down from the position due to personal reasons, effective August 18, 2017. Ken Jacobson, the Company’s controller, has been named interim CFO. Ken has been with Avnet for more than 4 years and brings a wealth of experience to this role. The Company is initiating a full search process immediately where both internal and external candidates will be considered.

Stock Performance

Avnet’s share price finished yesterday’s trading session at $37.97, climbing 1.12%. A total volume of 536.25 thousand shares have exchanged hands. The Company’s stock price advanced 1.88% in the last three months. Shares of the Company have a PE ratio of 18.52 and have a dividend yield of 1.90%. The stock currently has a market cap of $4.72 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:

Email: contact@protraderdaily.com

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: 474286

NEW YORK, NY / ACCESSWIRE / August 31, 2017 / Sino Agro Food, Inc. (OTCQX: SIAF) will be discussing their earnings results in their Q2 Earnings Call to be held August 31, 2017 at 10:00 AM Eastern Time.

To listen to the event live – visit https://www.investornetwork.com/company/10372.

Replay Information

The replay will be available online at https://www.investornetwork.com/company/10372.

About Investor Network

Investor Network (IN) is a new financial content community, serving millions of unique investors market information, earnings, commentary and news on the what’s trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

SOURCE: Investor Network

ReleaseID: 474298

Research Desk Line-up: Eaton Vance Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Athene Holding Ltd (NYSE: ATH) (“Athene”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ATH, following the Company’s reporting of its financial results on August 09, 2017, for the second quarter of the fiscal year 2017. The Company’s total revenue increased 67.6% on a y-o-y basis. 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:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Asset Management industry. Pro-TD has currently selected Eaton Vance Corp. (NYSE: EV) for due-diligence and potential coverage as the Company reported on August 23, 2017, its financial results for Q3 FY17. Register for a free membership today, and be among the early birds that get access to our report on Eaton Vance 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 ATH; also brushing on EV. With the links below you can directly download the report of your stock of interest free of charge at:

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

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

Earnings Reviewed

For the three months ended June 30, 2017, Athene’s total revenue increased 67.6% on a y-o-y basis to $1.76 billion from $1.05 billion in Q2 FY16. During Q2 FY17, the Company’s premiums revenue increased to $379 million on a y-o-y basis.

During Q2 FY17, the Company’s earnings before interest and taxes (EBIT) increased 62% to $337 million from $208 million in Q2 FY16.

During Q2 FY17, Athene’s net income increased 69% to $326 million on a y-o-y basis from $193 million in Q2 FY16. During Q2 FY17, the Company’s operating income net of taxes increased 56% to $280 million on a y-o-y basis from $179 million in Q2 FY16. For the reported quarter, the Company’s diluted earnings per share (EPS) increased 58.7% on a y-o-y basis to $1.65 from $1.04 in Q2 FY16. During Q2 FY17, the Company’s operating diluted EPS increased 49% to $1.43 on a y-o-y basis from $0.96 in Q2 FY16. The operating diluted EPS surpassed analysts’ expectations of $1.06.

During Q2 FY17, the Company entered into a pension buyout agreement and agreed to provide annuity benefits to more than 10,000 retirees, representing pension obligations of $320 million.

Segment Details

Retirement Services – During Q2 FY17, Athene’s Retirement Services segment’s operating income net of taxes increased 36.2% to $267 million from $196 million in Q2 FY16. The increase was due to higher fixed and alternative investment income. For the reported quarter, the segment’s operating ROE excluding AOCI was 21.4% compared to 18.8% in the same quarter of last year. During Q2 FY17, the segment’s investment margin was 2.96% compared to 2.59% in Q2 FY16.

Corporate and Other – During Q2 FY17, Athene’s Corporate and Other segment’s operating income net of taxes was positive $13 million compared to negative $17 million in Q2 FY16. The increase was attributable to a higher alternative investment due to higher credit fund income, a result of favorable economics, and an increase in the market value of public equity positions.

Balance Sheet

As on June 30, 2017, Athene’s cash and cash equivalents increased 42% to $3.48 billion from $2.45 billion in Q4 FY16.

During Q2 FY17, the Company’s total deposits increased 31% to $3.23 billion from $2.46 billion in Q2 FY16. The increase was reflected in differentiated, multi-channel distribution platform resulting from growth in both retail and institutional channels.

During Q2 FY17, Athene’s return on equity (ROE) was 16.4% compared to 12.8% in Q2 FY16. During Q2 FY17, the Company’s operating ROE excluding AOCI was 15.9% compared to 12.4% in Q2 FY16.

During Q2 FY17, the Company’s book value per share was $42.20 compared to $34.57 in Q2 FY16. For the reported quarter, Athene’s book value per share excluding AOCI was $36.72 compared to $31.40 in Q2 FY16.

For the reported quarter, the Company’s invested assets increased 9% to $76.28 billion from $69.86 billion in Q2 FY16.

Stock Performance

On Wednesday, August 30, 2017, the stock closed the trading session at $53.00, slightly down 0.02% from its previous closing price of $53.01. A total volume of 994.21 thousand shares have exchanged hands. Athene’s stock price advanced 4.31% in the last one month, 6.68% in the past three months, and 2.40% in the previous six months. Furthermore, since the start of the year, shares of the Company have surged 10.44%. The stock is trading at a PE ratio of 8.08 and currently, has a market cap of $10.03 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:

Email: contact@protraderdaily.com

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: 474284

Research Desk Line-up: Match Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Autohome Inc. (NYSE: ATHM), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ATHM, following the Company’s disclosure of its second quarter fiscal 2017 financial results on August 09, 2017. The leading internet car-buying website in China outperformed top- and bottom-line expectations. 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:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Internet Information Providers industry. Pro-TD has currently selected Match Group, Inc. (NASDAQ: MTCH) for due-diligence and potential coverage as the Company posted on August 01, 2017, its financial results for Q2 2017 on its website. Register for a free membership today, and be among the early birds that get access to our report on Match 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 ATHM; also brushing on MTCH. With the links below you can directly download the report of your stock of interest free of charge at:

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

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

Earnings Reviewed

Autohome’s net revenues increased 13.3% to RMB1.56 billion ($230.4 million) compared to net revenues of RMB1.38 billion in Q2 2016. The increase was mainly due to a 36.5% increase in revenues from media and leads generation services. The Company’s revenue numbers surpassed analysts’ expectations of $209.49 million.

During Q2 2017, Autohome’s cost of revenues decreased 38.0% to RMB287.4 million ($42.4 million) from RMB463.8 million in Q2 2016, primarily due to a decrease in cost of goods sold related to direct vehicle sales. Excluding the cost of goods sold, the Company’s cost of revenues would have increased 37.4% to RMB231.6 million ($34.2 million) from RMB168.6 million in Q2 2016, primarily due to an increase in value-added tax and surcharges which were in-line with the increase in revenues from media and leads generation services.

For Q2 2017, Autohome’s operating expenses rose 35.3% to RMB707.3 million ($104.3 million) from RMB522.9 million in Q2 2016. This increase was mainly due to increases in sales and marketing expenses and product development expenses as the Company continues to reinvest in future growth opportunities.

Autohome’s sales and marketing expenses increased 34.6% to RMB412.3 million ($60.8 million) from RMB306.4 million in Q2 2016. This increase was primarily due to increased offline execution and promotional expenses. The Company’s sales and marketing expenses for the reported quarter included share-based compensation expenses of RMB13.7 million ($2.0 million) compared to RMB10.2 million in the corresponding period of 2016.

For Q2 2017, Autohome’s product development expenses increased 54.7% to RMB215.4 million ($31.8 million) from RMB139.2 million in Q2 2016. This increase was primarily attributable to an increase in salaries and benefits associated with growth in product development headcount, which is in-line with the Company’s strategy of strengthening its technology and big data analysis capabilities.

Autohome’s operating profit surged 44.8% to RMB567.2 million ($83.7 million) in Q2 2017, compared to RMB391.8 million in Q2 2016.

During Q2 2017, net income attributable to Autohome soared 49.7% to RMB517.7 million ($76.4 million) from RMB345.8 million in Q2 2016. The Company’s basic and diluted earnings per share (EPS) and per ADS were RMB4.46 ($0.66) and RMB4.40 ($0.65) respectively, compared to basic and diluted EPS of RMB3.04 and RMB2.99, respectively, in the corresponding period of 2016.

Adjusted net income attributable to Autohome, defined as net income attributable to the Company, excluding share-based compensation expenses and amortization expenses of intangible assets related to acquisitions, increased 42.8% to RMB565.2 million ($83.4 million) from RMB395.7 million in Q2 2016. Autohome’s non-GAAP diluted EPS were RMB4.80 ($0.71) compared to non-GAAP diluted EPS of RMB3.42 in the prior year’s corresponding quarter. The Company’s earnings exceeded Wall Street’s expectations of $0.51 per share.

Segment Results

During Q2 2017, Autohome’s Media services revenues increased 34.1% to RMB799.4 million ($117.9 million) from RMB596.2 million in Q2 2016, driven by an increase in average revenue per automaker advertiser as automakers continue to allocate a greater portion of their advertising budgets to the Company’s online advertising and marketing channels.

For Q2 2017, Autohome’s leads generation services revenues surged 39.5% to RMB659.7 million ($97.3 million) from RMB472.7 million in Q2 2016, attributable to a 23.8% jump in average revenue per paying dealer.

Autohome’s online marketplace revenues totaled RMB102.8 million ($15.2 million) compared to RMB309.4 million in Q2 2016. In the reported quarter, the Company sold 647 vehicles and generated RMB57.1 million ($8.4 million) in direct vehicle sales revenues. This was in-line with the Company’s strategy to de-emphasize direct vehicle sales and focus on facilitating transactions.

Balance Sheet and Cash Flow

As of June 30, 2017, Autohome had cash and cash equivalents and short-term investments of RMB6.29 billion ($927.4 million). Net cash provided by the Company’s operating activities was RMB107.2 million ($15.8 million) in Q2 2017. The Company had 4,025 employees as of June 30, 2017.

Business Outlook

Autohome is forecasting to generate net revenues in the range of RMB1.48 billion ($218.3 million) to RMB1.52 billion ($224.2 million) in Q3 2017; representing a 0.3% to 3.1% year-over-year increase.

Stock Performance

At the closing bell, on Wednesday, August 30, 2017, Autohome’s stock rose slightly by 0.56%, ending the trading session at $64.41. A total volume of 954.55 thousand shares have exchanged hands. The Company’s stock price skyrocketed 48.07% in the last three months, 92.90% in the past six months, and 157.64% in the previous twelve months. Moreover, the stock soared 154.79% since the start of the year. The stock is trading at a PE ratio of 32.38 and currently, has a market cap of $7.63 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:

Email: contact@protraderdaily.com

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: 474285

Research Desk Line-up: CF Industries Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Agrium Inc. (NYSE: AGU), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=AGU. The Company announced on August 29, 2017, that it is acquiring Southern States Cooperative, Inc.’s Ag-retail businesses in Georgia and Florida. The agreement was signed between Agrium’s Crop Production Services (CPS) Ag-retail business and Southern States Cooperative. The agreement covers Southern States’ 20 Ag-retail locations in the states of Georgia and Florida as well as the integrated cotton ginning business in Statesboro, Georgia. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Agricultural Chemicals industry. Pro-TD has currently selected CF Industries Holdings, Inc. (NYSE: CF) for due-diligence and potential coverage as the Company announced on August 02, 2017, its financial results for Q2 which ended on June 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on CF Industries 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 AGU; also brushing on CF. Go directly to your stock of interest and access today’s free coverage at:

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

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

The financial terms and other conditions of the agreement were not disclosed. The deal is expected to close in September 2017, subject to customary closing conditions. Agrium expects that the acquisition will add over $100 million to its annual revenues. Agrium is looking at expanding its retail distribution network in US through planned and strategic acquisitions. The current acquisition will allow the Company to expand its reach across Georgia and Florida.

Commenting on the acquisition, Chuck Magro, President and CEO of Agrium, said:

“Agrium remains focused on enhancing our retail distribution network in the US and this acquisition will allow us to further capitalize on our existing presence in these regions. We would like to extend a warm welcome to the Southern States Ag-retail employees and are enthused to bring the latest in technologically advanced proprietary products and precision-ag services to grower customers in the Southeastern US.”

Jeff Stroburg, President and CEO of Southern States, added:

“While we have great employees and customers in southern Georgia and northern Florida, this agreement will provide opportunity to these stakeholders and allow Southern States to optimally focus resources within our footprint to serve our members and customers more efficiently and effectively.”

The current deal gains prominence in the backdrop of the Agrium/PotashCorp merger. In June 2017, Agrium and Potash Corp. of Saskatchewan Inc. (PotashCorp) (NYSE: POT) announced their merger. The merger is expected to close in Q3 2017 and on closure, the new merged Company would be named Nutrien. The merger would create a global leader in reliable, low-cost crop nutrient production, with the largest agricultural retail-distribution network in the world.

About Agrium and CPS

Calgary, Alberta based Canadian company Agrium is a global producer and distributor of agricultural products, services and solutions. Agrium produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of approximately eleven million tonnes and with significant competitive advantages across their product lines. The Company supplies key products and services directly to growers, including crop nutrients, crop protection, seed as well as agronomic and application services.

Agrium’s business is divided into two units – Agrium Retail and Agrium Wholesale. Crop Production Services (CPS) operates under Agrium Retail and operates a chain of retail outlets that sell agriculture products in US and Canada. Its products and services include Crop Protection, Fertilizers and Nutrients, Dyna-Gro Seed performance seed for high-quality yields, and Echelon – a precision agriculture solution backed by industry-leading analysis and advice from agronomists.

About Southern States

Richmond, Virginia based Southern States was founded in 1923 and is one of the nation’s largest farmer-owned farm supply retailer and service cooperative. It provides a wide range of farm inputs, including fertilizer, seed, livestock feed, pet food, animal health supplies, and petroleum products, including items for the farm and home. The cooperative is owned by 200,000 plus farmer-members and caters to members as well as non-members through 1,200 retail outlets in 23 states.

Last Close Stock Review

Agrium’s share price finished yesterday’s trading session at $97.01, marginally falling 0.20%. A total volume of 231.23 thousand shares have exchanged hands. The Company’s stock price advanced 5.37% in the last three months, 1.95% in the past six months, and 1.31% in the previous twelve months. Shares of the Company have a PE ratio of 23.36 and have a dividend yield of 3.61%. The stock currently has a market cap of $13.36 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:

Email: contact@protraderdaily.com

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: 474283

NEW YORK, NY / ACCESSWIRE / August 31, 2017 / Dollar General Corporation (NYSE: DG) will be discussing their earnings results in their Q2 Earnings Call to be held August 31, 2017 at 10:00 AM Eastern Time.

To listen to the event live – visit https://www.investornetwork.com/company/3222.

Replay Information

The replay will be available online at https://www.investornetwork.com/company/3222.

About Investor Network

Investor Network (IN) is a new financial content community, serving millions of unique investors market information, earnings, commentary and news on the what’s trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

SOURCE: Investor Network

ReleaseID: 474300

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily takes a closer look at Everest Re Group, Ltd (NYSE: RE) as the Company’s stock will begin trading ex-dividend on September 01, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on August 31, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on RE. Get our free coverage by signing up at:

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

Dividend Declared

On August 23, 2017, Everest Re Group announced that its Board of Directors declared a dividend of $1.25 per share payable on or before September 20, 2017, to all shareholders of record as of September 06, 2017.

Everest Re Group’s indicated dividend represents a yield of 1.98% compared to the average dividend yield of 3.34% for the Financial sector. The Company has raised dividend for four consecutive years.

Dividend Insights

Everest Re Group has a dividend payout ratio of 23.7%, which indicates that the Company distributes approximately $0.24 for every $1.00 earned. The dividend payout ratio reflects how much money a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Everest Re Group is forecasted to report earnings of $20.47 for the next year which is more than four times its annualized dividend of $5.00.

Everest Re Group’s cash flow from operations was $252.6 million for Q2 2016. As of June 30, 2017, the Company had cash worth $469.21 million on hand, while its total investment and cash were worth $18.20 billion. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Everest Re Group

On July 25, 2017, Everest Re Group reported net income of $245.7 million, or $5.95 per diluted common share, for Q2 2017 compared to net income of $155.7 million, or $3.67 per diluted common share, for Q2 2016. The Company’s after-tax operating income, excluding realized capital gains and losses, was $227.5 million, or $5.51 per diluted common share, for the reported quarter, compared to after-tax operating income of $134.2 million, or $3.17 per diluted common share, for the same period last year.

Everest Re Group’s gross written premiums were $1.6 billion for Q2 2017, an increase of 17% on a y-o-y basis. Worldwide, reinsurance premiums were up 14%, with growth coming from the new crop reinsurance program, increased shares on property pro-rata treaties, and growth in financial lines business. Insurance premiums were up 25% on a q-o-q basis, with continued growth on new initiatives.

Everest Re Group’s combined ratio was 90.5% for Q2 2017 compared to 95.1% in Q2 2016. Excluding catastrophe losses, reinstatement premiums, and nominal prior period loss development, the current quarter attritional combined ratio was 86.7% compared to 86.1% in the same period last year.

About Everest Re Group

Everest Re Group is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company, which provides reinsurance to property and casualty insurers in both the US and international markets; Everest Reinsurance (Bermuda), Ltd, including its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers; Everest Reinsurance Company (Ireland), dac, provides reinsurance to non-life insurers in Europe; and Everest Insurance® refers to the primary insurance operations of Everest Re Group, Ltd., and its affiliated companies which offer property, casualty and specialty lines insurance on both an admitted and non-admitted basis in the US and internationally.

The Company also operates within the Lloyd’s insurance market through Syndicate 2786.

Stock Performance

On Wednesday, August 30, 2017, the stock closed the trading session at $251.75, falling slightly by 0.29% from its previous closing price of $252.49. A total volume of 405.47 thousand shares have exchanged hands. Everest Re’s stock price soared 6.14% in the past six months and 30.55% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 16.34%. The stock is trading at a PE ratio of 8.64 and has a dividend yield of 1.99%. At Wednesday’s closing price, the stock’s net capitalization stands at $10.23 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:

Email: contact@protraderdaily.com

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: 474287