Research Desk Line-up: Live Nation Entertainment Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Twenty-First Century Fox, Inc. (NYSE: FOX), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=FOX, following the Company’s announcement of its financial results on August 08, 2017, for the fourth quarter fiscal 2017. The Company’s total revenue increased 1.5% 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 Entertainment – Diversified industry. Pro-TD has currently selected Live Nation Entertainment, Inc. (NYSE: LYV) for due-diligence and potential coverage as the Company released on August 09, 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 Live Nation Entertainment 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 FOX; also brushing on LYV. With the links below you can directly download the report of your stock of interest free of charge at:

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

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

Earnings Reviewed

For three months ended June 30, 2017, Twenty-First Century Fox’s total revenue increased 1.5% to $6.75 billion on a y-o-y basis from $6.65 billion in Q4 FY16. The increase was due to higher affiliate and advertising revenue at the Cable Network Programming segment. Revenue came in below analysts’ expectations of $6.77 billion.

During Q4 FY17, the Company’s Affiliate fee revenue increased 9.7% to $3.18 billion on a y-o-y basis, Advertising revenue remained flat at $1.70 billion and content revenue decreased 8.9% to $1.73 billion on a y-o-y basis.

For the reported quarter, the Company’s selling, general, and administrative expenses (SG&A) increased 2% to $1.01 billion from $990 million in Q4 FY16. During Q4 FY17, Twenty-First Century Fox’s depreciation and amortization (D&A) expenses decreased 2.9% to $143 million from $139 million in the same quarter last year. During Q4 FY17, the Company’s interest expenses increased 4.7% to $310 million from $296 million in Q4 FY16.

During Q4 FY17, Twenty-First Century Fox’s net income decreased 11.6% basis to $501 million on a y-o-y from $567 million in Q4 FY16. During Q4 FY17, the Company’s adjusted net income decreased 21.9% to $660 million on a y-o-y basis from $845 million in Q4 FY16. For the reported quarter, the Company’s EPS decreased 10% to $0.27 on a y-o-y basis from $0.30 in Q4 FY16. During Q4 FY17, the Company’s adjusted EPS decreased 20% to $0.36 on a y-o-y basis from $0.45 in Q4 FY16. The adjusted EPS surpassed analysts’ expectations of $0.35.

On August 09, 2017, the Company’s Board of Directors declared dividend of $0.18 payable on October 18, 2017, to shareholders of record as on September 13, 2017.

Twenty-First Century Fox’s Segment Details

Cable Network Programming – During Q4 FY17, the Cable Network Programming segment’s revenue increased 10.5% to $4.33 billion from $3.92 billion in Q4 FY16. For the reported quarter, the segment’s operating income before depreciation and amortization (OIBDA) increased 19% to $1.44 billion from $1.21 billion in Q4 FY16. The increase was due to 10% higher revenue from strong affiliate, content and advertising growth.

Television – During Q4 FY17, the Television segment’s revenue decreased 3.8% to $1.00 billion from $1.04 billion in Q4 FY16. For the reported quarter, the segment’s OIBDA decreased 4.9% to $137 million from $144 million in Q4 FY16.

Filmed Entertainment – During Q4 FY17, the Filmed Entertainment segment’s revenue decreased 11.8% to $1.80 billion from $2.04 billion in Q4 FY16. For the reported quarter, the segment’s OIBDA was negative $22 million compared to positive $164 million in Q4 FY16. The decrease was due to lower revenues at both the film and television studios.

Balance Sheet

As on June 30, 2017, Twenty-First Century Fox’s cash and cash equivalents increased 39.4% to $6.16 billion from $4.42 billion in Q4 FY16.

During Q4 FY17, the Company’s inventories, part of current assets, decreased 5.8% to $3.10 billion from $3.29 billion in Q4 FY16.

Stock Performance

On Wednesday, August 30, 2017, the stock closed the trading session at $27.01, marginally up 0.37% from its previous closing price of $26.91. A total volume of 2.06 million shares have exchanged hands. Twenty-First Century Fox’s stock price advanced 8.69% in the previous twelve months. The stock is trading at a PE ratio of 16.61 and has a dividend yield of 1.33%.

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: 474271

Research Desk Line-up: Professional Diversity Network Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Weibo Corp. (NASDAQ: WB), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=WB, following the Company’s disclosure of its second quarter fiscal 2017 financial results on August 09, 2017. The Chinese microblogging platform 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 Professional Diversity Network, Inc. (NASDAQ: IPDN) for due-diligence and potential coverage as the Company announced on August 14, 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 Professional Diversity Network 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 WB; also brushing on IPDN. With the links below you can directly download the report of your stock of interest free of charge at:

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

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

Earnings Reviewed

For the second quarter of 2017, Weibo’s net revenues surged 72% to $253.4 million compared to $146.9 million for Q2 2016. The Company’s net revenues exceeded its own guidance for revenue between $240 million and $250 million and also analysts’ expectations of $246 million.

Weibo’s advertising and marketing revenues totaled $218.3 million for Q2 2017, up 72% compared to $127.2 million for Q2 2016. The Company’s advertising and marketing revenues from small & medium-sized enterprises (“SMEs”) and key accounts were $205.1 million, compared to $114.3 million for the prior year quarter. Weibo’s other revenues totaled $35.0 million, compared to $19.7 million for Q2 2016.

During Q2 2017, Weibo’s costs and expenses totaled $165.4 million compared to $119.6 million for Q2 2016. The rise in costs and expenses was primarily due to an increase in marketing expenses, turnover taxes, development costs, and stock-based compensation. The Company’s non-GAAP costs and expenses were $153.3 million for the reported quarter compared to $112.2 million for the prior year’s same quarter.

Weibo’s income from operations for Q2 2017 was $88.0 million compared to $27.3 million for Q2 2016. The Company’s non-GAAP income from operations was $100.1 million for the reported quarter compared to $34.7 million for the prior year’s same quarter. For Q2 2017, Weibo’s non-operating income was $1.5 million compared to a non-operating loss of $1.0 million for Q2 2016. The Company’s income tax expenses were $16.4 million in the reported quarter compared to $1.8 million for the year ago same period, primarily due to higher profitability and the change in tax status of the Company’s PRC subsidiary.

Net income attributable to Weibo was $73.5 million, or diluted net income per share of $0.33, for Q2 2017 compared to net income of $25.9 million, or diluted net income per share of $0.12, for Q2 2016. The Company’s non-GAAP net income attributable to Weibo was $86.7 million, or diluted net income per share of $0.38, for the reported quarter compared to $35.5 million, or diluted net income per share of $0.16, for the year earlier same quarter. Results also beat Wall Street’s estimates for earnings of $0.36 per share.

User Metrics

Weibo’s monthly active users (MAUs) in June 2017 were 361 million, reflecting an increase of 28% on ay-o-y basis, 92% of which were mobile users. The Company’s average daily active users (DAUs) in June 2017 totaled 159 million, up 26% on a y-o-y basis.

Cash Matters

As of June 30, 2017, Weibo’s cash, cash equivalents, and short-term investments totaled $609.2 million. For Q2 2017, the Company’s cash provided by operating activities was $157.2 million; capital expenditures totaled $2.5 million; and depreciation and amortization (D&A) expenses amounted to $3.5 million.

Business Outlook

For Q3 2017, Weibo is forecasting net revenues to be in the range of $290 million and $300 million, which assumes an average exchange rate of 6.75 RMB to US$1.00.

Stock Performance

On Wednesday, August 30, 2017, the stock closed the trading session at $97.90, slightly climbing 0.97% from its previous closing price of $96.96. A total volume of 1.74 million shares have exchanged hands. Weibo’s stock price soared 32.05% in the last three months, 93.86% in the past six months, and 105.93% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 141.13%. The stock is trading at a PE ratio of 112.53. At Wednesday’s closing price, the stock’s net capitalization stands at $21.90 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: 474281

Research Desk Line-up: Net 1 UEPS Technologies Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Vantiv, Inc. (NYSE: VNTV), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=VNTV, following the Company’s reporting of its second quarter financial results, on August 09, 2017. The payments processor outperformed top- and bottom-line expectation and also provided its guidance for Q3 2017 and FY17. 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 Business Services industry. Pro-TD has currently selected Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) for due-diligence and potential coverage as the Company released on August 24, 2017, its financial results for Q4 and full year FY17. Register for a free membership today, and be among the early birds that get access to our report on Net 1 UEPS Technologies 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 VNTV; also brushing on UEPS. With the links below you can directly download the report of your stock of interest free of charge at:

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

http://protraderdaily.com/optin/?symbol=UEPS
Earnings Reviewed

For the three months ended June 30, 2017, Vantiv’s total revenue increased 12% to $998.8 million compared to $891.2 million in Q2 2016. The Company’s net revenue increased 10% to $530.0 million compared to $480.5 million in the prior year’s corresponding period. Vantiv’s net revenue numbers exceeded analysts’ expectations of $524.5 million.

During Q2 2017, Vantiv’s ‘Other’ operating costs increased 7% to $78.9 million on a GAAP basis compared to $73.6 million in Q2 2016. Excluding transition, acquisition, and integration costs of $5.0 million, ‘Other’ operating costs increased 5% to $74.0 million on a pro-forma basis compared to $70.1 million in the prior year’s same period.

Vantiv’s general and administrative (G&A) expenses increased 3% to $50.7 million on a GAAP basis in Q2 2017 compared to $49.1 million in Q2 2016. Excluding transition, acquisition, and integration costs of $8.3 million as well as share-based compensation of $10.9 million, the Company’s G&A expenses decreased 2% to $31.6 million on a pro-forma basis compared to $32.3 million in the year ago same period.

For Q2 2017, Vantiv’s adjusted EBITDA increased 10% to $256.2 million compared to $233.3 million in Q2 2016. The Company’s depreciation and amortization (D&A) expense increased 20% to $78.4 million on a GAAP basis in the reported quarter compared to $65.2 million in the prior year’s same period. Excluding intangible amortization of $54.3 million, D&A expense increased 34% on a pro-forma basis to $24.1 million compared to $18.0 million in Q2 2016.

On a GAAP basis, net income per diluted share attributable to Vantiv totaled $68.78 million, or $0.42 per share, compared to net income of $59.33 million, or $0.38, in Q2 2016. The Company’s pro-forma adjusted net income per share increased 19% to $0.83 compared to $0.70 in the prior year’s same period. Vantiv’s earnings results beat Wall Street’s expectations of $0.82 per share.

Vantiv’s Segment Results

During Q2 2017, merchant services’ net revenue increased 16% to $449.1 million compared to $387.8 million in Q2 2016, primarily due to a 10% increase in transactions and a 5% increase in net revenue per transaction. On an organic basis, the segment’s net revenue grew low double digits in the reported quarter compared to the prior year’s same period. Merchant services segment’s profit totaled $286.50 million for the reported quarter, up 15% compared to $248.47 million in Q2 2016.

For Q2 2017, Vantiv’s Financial Institution Services’ net revenue fell 13% to $80.9 million versus $92.7 million in Q2 2016. Net revenue growth was impacted by compression from the Fifth Third Bank contract renewal, lapping the contribution from EMV card reissuance and fraud related services in the prior year’s same period, and the de-conversion of a major client. The division recorded segment’s profit of $75.27 million, down 13% compared to segment’s profit of $86.97 million in the year ago corresponding period.

Share Purchase

On August 07, 2017, Vantiv entered into a transaction agreement with Fifth Third Bank pursuant to which Vantiv will purchase 19,790,000 shares of its Class A common stock directly from Fifth Third Bank at a price of $64.04 per share. The total purchase price of approximately $1.27 billion was funded with an additional Term B Loan. In connection with the purchase, Vantiv expects to record a liability of approximately $650 million during the quarter ending September 30, 2017.

Financial Outlook

For Q3 2017, Vantiv is forecasting net revenue in the range of $544 million to $554 million, representing an increase of 11% to 13% on a y-o-y basis. On a GAAP basis, net income per diluted share attributable to Vantiv is expected to be $0.41 – $0.43 for the upcoming quarter. Pro-forma adjusted net income per share is expected to be $0.88 – $0.90 for Q3 2017.

For the full-year 2017, Vantiv is projecting net revenue in the range of $2.10 billion to $2.12 billion, representing an increase of 10% to 11% above the prior year. On a GAAP basis, net income per diluted share attributable to Vantiv is expected to be $1.31 – $1.36 for FY17, while pro-forma adjusted net income per share is expected to be in the band of $3.31 – $3.36.

Stock Performance

At the closing bell, on Wednesday, August 30, 2017, Vantiv’s stock marginally slipped 0.65%, ending the trading session at $70.79. A total volume of 2.16 million shares have exchanged hands. The Company’s stock price soared 13.99% in the last three months, 8.92% in the past six months, and 32.39% in the previous twelve months. Moreover, the stock surged 18.74% since the start of the year. The stock is trading at a PE ratio of 57.41 and currently, has a market cap of $14.13 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: 474280

Research Desk Line-up: Core-Mark Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on US Foods Holding Corp. (NYSE: USFD), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=USFD, following the Company’s announcement of its second quarter financial results on August 09, 2017. The leading food distributor met earnings expectations and also updated its guidance for FY17. 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 Food Wholesale industry. Pro-TD has currently selected Core-Mark Holding Company, Inc. (NASDAQ: CORE) for due-diligence and potential coverage as the Company announced on August 08, 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 Core-Mark 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 USFD; also brushing on CORE. With the links below you can directly download the report of your stock of interest free of charge at:

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

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

Earnings Reviewed

For the thirteen weeks ended July 01, 2017, US Foods’ total case volume increased 3.6% on a y-o-y basis, of which 2.3% was organic growth, while independent restaurant case volume rose 4.7% on a y-o-y basis, out of which 3.7% was organic growth. The increase in total cases was attributed to growth with independent restaurants, healthcare, and hospitality customers, and select national chain business.

US Foods net sales totaled $6.16 billion in Q2 2017, reflecting growth of 6.1% compared to net sales of $5.81 billion in Q2 2016, driven by total case volume growth, product mix changes and year-over-year inflation in grocery, produce, poultry, and seafood. The Company noted that sales from acquisitions completed in the last 12 months increased total net sales by approximately 1.8%. US Foods’ revenue numbers topped analysts’ expectations of $6.00 billion.

During Q2 2017, US Foods’ gross profit came in at $1.05 billion, increasing 1.9% from gross profit of $4.77 billion in Q2 2016, primarily attributed to higher volume combined with margin expansion initiatives, partially offset by the y-o-y change in the Last-in, first-out (LIFO) inventory reserve. The Company’s gross profit as a percentage of net sales was 17.1% for the reported quarter. US Foods’ adjusted gross profit, which excludes the impact of LIFO, was $1.1 billion, a 5.6% increase on a y-o-y basis and adjusted gross profit as a percentage of net sales was 17.6%.

For Q2 2017, US Foods’ operating expenses were $928 million, down 0.9% from $936 million in Q2 2016, benefitting from the non-recurrence of the prior year $31 million contract termination fee with sponsors, lower restructuring charges due to the completion of several initiatives in 2016, and ongoing efforts to reduce operating expenses. The Company’s operating income surged 28.7% to $126 million for the reported quarter, from operating income of $98 million in the prior year’s same quarter.

US Foods’ net income was $65 million, or $0.29 per share, for Q2 2017 compared to net loss of $13 million, or $0.07 per diluted share, in Q2 2016. The Company’s adjusted diluted EPS was $0.37 for the reported quarter versus $0.44 per share in the year ago comparable period. US Foods’ earnings met Wall Street’s estimates of $0.37 per share.

Cash Flows and Capital Transactions

US Foods’ net cash provided by operating activities for H1 2017 was $368 million compared to $301 million in H1 2016, related to the Company’s growth in net income which was driven by improved business performance and reduced interest expense. US Foods’ cash capital expenditures totaled $108 million for H1 2017, an increase of $41 million from prior year, due to the timing of payments made for assets acquired late in Q4 FY16 and increased capital spending.

At the end of Q2 2017, US Foods’ net debt was $3.6 billion, a decrease of $172 million versus the year ago same period. The Company’s ratio of net debt to adjusted EBITDA was 3.5x at the end of the reported quarter, down from 4.0x in the same prior year’s corresponding period.

Outlook

For FY17, US Foods’ updated select elements of its guidance. The Company is forecasting net sales growth of 3%-5%, interest expense of $175 million-$180 million, cash taxes of $20 million-$25 million, and adjusted diluted EPS of $1.30-$1.40. All other elements of the Company’s guidance that had been provided during the Q4 FY16 earnings call on February 15, 2017, remain unchanged.

Stock Performance

At the closing bell, on Wednesday, August 30, 2017, US Foods’ stock rose 1.30%, ending the trading session at $27.30. A total volume of 1.07 million shares have exchanged hands. The Company’s stock price surged 12.86% in the previous twelve months. The stock is trading at a PE ratio of 20.39 and currently has a market cap of $6.05 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: 474279