Research Desk Line-up: Atlantic American Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Manulife Financial Corp. (NYSE: MFC) (“Manulife”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=MFC, following the Company’s posting of its financial results on August 09, 2017, for the second quarter of the fiscal year 2017 (Q2 FY17). The Toronto, Canada-based Company’s diluted earnings per share (EPS) and core diluted EPS surged 79% and 43% y-o-y, respectively. 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 Life Insurance industry. Pro-TD has currently selected Atlantic American Corporation (NASDAQ: AAME) for due-diligence and potential coverage as the Company reported on August 14, 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 Atlantic American 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 MFC; also brushing on AAME. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

During Q2 FY17, Manulife’s net ceded premium income grew to C$6.97 billion from C$6.71 billion in Q2 FY16. The Company’s net investment income declined to C$6.75 billion in Q2 FY17 from C$11.14 billion in Q2 FY16. Meanwhile, other revenue for the reported quarter was C$2.87 billion compared to C$2.79 billion in Q2 FY16. Furthermore, the Company reported total revenues of C$16.59 billion in Q2 FY17 compared to C$20.64 billion in Q2 FY16.

The financial services Company reported net income attributed to shareholders of C$1.26 billion, or C$0.61 per diluted share, in Q2 FY17, up from C$704 million, or C$0.34 per diluted share, in Q2 FY16. The Company’s total core earnings stood at C$1.17 billion, or C$0.57 per diluted share, in Q2 FY17 compared to C$833 million, or C$0.40 per diluted share, in Q2 FY16.

Earnings Metrics

During the reported quarter, the Company’s annualized return on average equity (ROE) was 12.4% compared to 7.1% reported in the year ago corresponding period. Moreover, core ROE stood at 11.5% for Q2 FY17 versus 8.4% reported in the last year’s comparable quarter. The Company’s book value improved to C$20.01 per share as on June 30, 2017, from C$19.49 on June 30, 2016.

Segment Performance

Asia – The Company generated C$4.20 billion as total revenues from the Asia division in Q2 FY17 compared to C$4.26 billion in Q2 FY16. The division’s insurance sales increased to C$551 million in Q2 FY17 from C$510 million in Q2 FY16. The division’s total wealth and asset management gross flows also improved to C$4.96 billion during Q2 FY17 from C$4.35 billion in Q2 FY16. The division’s core earnings was C$301 million for the reported quarter compared to C$266 million in Q2 FY16.

Canadian – In Q2 FY17, the Canadian division’s total revenues were C$3.62 billion compared to C$5.35 billion in Q2 FY16. The division’s insurance sales was C$458 million for the reported quarter, up from C$120 million in Q2 FY16. The division’s total wealth and asset management gross flows also increased to C$5.47 billion in Q2 FY17 from C$4.73 billion in Q2 FY16. Furthermore, the division reported core earnings of C$345 million in Q2 FY17 compared to C$333 million in Q2 FY16.

US – The US division generated total revenues of C$5.55 billion in Q2 FY17 compared to C$7.44 billion in the year ago same quarter. For Q2 FY17, the division’s total insurance sales were C$123 million, up from C$107 million in Q2 FY16. Total wealth and asset management gross flows were C$13.97 billion in Q2 FY17 compared to C$12.65 billion in Q2 FY16. Additionally, the division’s total core earnings grew to C$336 million in Q2 FY17 from C$280 million in the last year’s corresponding quarter.

Balance Sheet Analyzed

Manulife’s total debt securities balance during quarter ended June 30, 2017, was C$172.10 billion compared to C$171.91 billion as on June 30, 2017. Furthermore, total mortgage as on June 30, 2017, was C$44.70 billion compared to C$43.51 billion as on June 30, 2016. The Company’s total real estate and other invested assets increased to C$37.13 billion as on June 30, 2017, from C$33.90 billion as on June 30, 2016.

Assets under management and administration increased to stand at C$1.01 trillion as on June 30, 2017, from C$934 billion in Q2 FY16. Furthermore, The Manufacturers Life Insurance Company (MLI) reported Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of 230% as on June 30, 2017, versus 236% as on June 30, 2016.

Stock Performance

At the closing bell, on Wednesday, August 30, 2017, Manulife Financial’s stock marginally declined 0.56%, ending the trading session at $19.51. A total volume of 1.63 million shares have exchanged hands. The Company’s stock price soared 10.85% in the last three months, 7.91% in the past six months, and 39.56% in the previous twelve months. Moreover, the stock surged 9.48% since the start of the year. The stock is trading at a PE ratio of 13.31 and has a dividend yield of 3.34%. The stock currently has a market cap of $38.67 billion.

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NOT AN OFFERING

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SOURCE: Pro-Trader Daily

ReleaseID: 474251

Research Desk Line-up: Continental Materials Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Nordson Corp. (NASDAQ: NDSN), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=NDSN, following the Company’s posting of its third quarter financial results on August 21, 2017. Nordson delivered the strongest quarter in its history with excellent organic growth across the business, strong contributions from recent acquisitions, and continued execution by its global team. 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 Diversified Machinery industry. Pro-TD has currently selected Continental Materials Corporation (NYSE American: CUO) for due-diligence and potential coverage as the Company reported on August 15, 2017, its financial results for Q2 2017 which ended on July 01, 2017. Register for a free membership today, and be among the early birds that get access to our report on Continental Materials 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 NDSN; also brushing on CUO. 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=CUO

Earnings Reviewed

For the quarter ending July 31, 2017, Nordson reported sales of $589.44 million, up 20% compared to sales of $489.90 million in Q3 FY16. This change in sales included an 11% growth in organic volume, 10% increase related to the first year effect of acquisitions, offset by a less than 1% drop related to the unfavorable effects of currency translation. The Company’s revenue topped analysts’ expectations of $576.3 million.

For Q3 FY17, Nordson reported operating profit was $153.47 million compared to operating profit of $123.69 million in Q3 FY16. The Company’s EBITDA jumped 29% to $179 million and EBITDA per diluted share increased 27% to $3.08, both compared to the year earlier corresponding quarter. Nordson’s adjusted EBITDA climbed 30% on a y-o-y basis.

Nordson’s net income was $101 million and GAAP diluted earnings per share were $1.74 in Q3 FY17 compared to net income of $84 million and $1.46 for Q3 FY16. The Company’s adjusted diluted earnings per share grew by 21% to $1.78 on a y-o-y basis during the reported quarter. Nordson’s earnings exceeded Wall Street’s expectations of $1.67 per share.

Nordson’s Segment Results

The Adhesive Dispensing Systems segment recorded $233.37 million with its sales volume increasing 6% on a y-o- y basis, driven by growth in packaging, nonwovens, and polymer product lines and all regions were positive with the exception of Europe. This was the ninth consecutive quarter of organic growth in this segment. For Q3 FY17, reported operating margin in the segment improved 1% to 28% on a y-o-y basis.

During Q3 FY17, the Advanced Technology Systems’ sales surged 41.4% to $290.41 million, including an 18% increase in organic volume and a 24% growth related to the first year effect of acquisitions. The segment’s growth was attributed to customer demand being robust for its automated dispensing, surface treatment, and test and inspection solutions across multiple electronics end markets. Growth was also solid across multiple product lines in our growing medical portfolio. Reported operating margin in the segment was 30% in Q3 FY17, or 33% on an adjusted basis.

For Q3 FY17, the Industrial Coating Systems’ sales grew 3.0% to $65.67 million, driven by the Company’s cold material, liquid painting, and UV curing product lines, with the Americas and Asia/Pacific being strongest regionally. In the reported quarter, operating margin in the segment improved three percentage points to 20% due to better product mix.

Order Rates and Backlog

Nordson’s order rates for the 12-week period ending August 13, 2017, measured in constant currency, decreased by 2% on a y-o-y basis. The Company’s backlog for the quarter ended July 31, 2017, was approximately $372 million, an increase of 10% on a y-o-y basis and inclusive of 13% growth due to acquisitions offset by a 3% decline in organic growth.

Outlook

For Q4 FY17, Nordson is forecasting sales to increase 4% to 8% on a y-o-y basis, including declinein organic volume of 3% to 7%, 10% growth from the first year effect of acquisitions, and a positive currency effect of 1%. At the midpoint of this outlook, the Company is estimating operating margin to be approximately 21% and GAAP diluted earnings per share are expected to be in the range of $1.18 to $1.32. Nordson’s EBITDA, EBITDA margin, and EBITDA per diluted share are expected to be $138 million, 26%, and $2.37 at the midpoint of the guidance, respectively.

Stock Performance

Nordson’s share price finished yesterday’s trading session at $108.65, slightly up 0.30%. A total volume of 235.86 thousand shares have exchanged hands. The Company’s stock price advanced 9.59% in the previous twelve months. Shares of the Company have a PE ratio of 21.75 and have a dividend yield of 1.10%. The stock currently has a market cap of $6.25 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

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SOURCE: Pro-Trader Daily

ReleaseID: 474257

HOUSTON, TX / ACCESSWIRE / August 31, 2017 / Quantum Medical Transport, Inc. (OTC PINK: DRWN), letter to shareholders:

Quantum Medical Transport, Inc. /United Ambulance, LLC would like to take this opportunity to address shareholder questions and concerns regarding our operations during Hurricane Harvey.

First of all we want to thank our shareholders for your concerns and well wishes for our staff and The Great State of Texas and all of its residents in our time of catastrophic distress caused by Hurricane Harvey. The devastation and number of lives affected is unprecedented. Our staff, operations and vehicles were not impacted by the storm by the Grace of God, mother nature spared us, but our neighbors through various cities and counties were impacted severely. We have spent a lot of time rearranging patient’s schedules and moving patients out of harm’s way through facility transfers. Our prayers go out to the families affected. We are here to support the many patients we transport to hospitals and nursing homes and care facilities daily. We salute our first responders for all of the challenges they have faced in their many rescue efforts. We thank Texas Governor Greg Abbott and President Trump for moving quickly to declare a state of emergency and declaration of national disaster, so the great people of the State of Texas can get the Federal assistance needed to rebuild. In the coming months the families affected in Texas will need the help and support of many to rebuild their lives. We are moved with overwhelming compassion by some many neighboring volunteers coming to aid those in need. We are here with you, strong, resilient and we will get through this together! Please support the Red Cross and all the charitable causes that provide disaster relief because the citizens of Texas need your support.

We have experienced some challenges in our lengthy audit process with our auditors MaloneBailey, LLP not to our satisfaction. We have been promised final audit numbers on several occasions and they have missed the deadline every time. We hired a third party CPA firm to work with the audit firm to reconcile items that existed on the public companies books prior to our acquisition back in 2011 financials, which are the items that have caused the delay in our auditors issuing their audit opinion. We are determined to have this audit completed and released in September. We will then move to become OTC PINK current reporting. We will report unaudited financials for the remaining periods.

We apologize to our shareholders for not managing expectations appropriately, this was unintentional and beyond managements control.

We are experiencing significant growth through acquiring new clients since our acquisition of United Ambulance as a wholly owned subsidiary. We are adding new nursing home facilities to service and adding new vehicles to accommodate the growth. We expect to show significant financial growth over the next quarter.

We have hired a third party marketing firm to provide greater visibility and support our growth efforts. Expect to see a lot more social media presence, targeted audience advertising and SEO support to bring greater awareness to the company. We have signed a six month contract to support these efforts.

We have signed new contracts with nursing home facilities and have already increased revenue by 9% compared to the same period last year with Gross Profits YTD $878,000. We have already beat guidance of our projected revenue for 2017 in our business plan. We expect to achieve year end profits between $1.3-1.4 Mil based upon current sales and growth, which will beat historic revenue of $1.2 Mil annually. We have just secured $3,000,000 receivables based financing to provide immediate working capital to support growth.

We are not planning a reverse split, although we reserve the right to do so, that is not part of our plans. We have terminated our previous 3(a)10 agreement with Northbridge, severing our relationship with that group. We believe they have liquidated their positions. We are actively working with a different institutional investor to provide equity capital to restructure our debt. We are still vetting other strategic acquisition opportunities for growth. We hope to make this company great and build shareholder value in the process.

About Quantum Medical Transport/United Ambulance

QUANTUM MEDICAL TRANSPORT, INC./UNITED AMBULANCE, LLC is an emergency and non-emergency medical services transportation company that operates in the State of Texas. The Company provides basic and advanced life support ground transport in a emergency and non-emergency setting, 24 hours a day, and seven days a week. The Company makes both local and regional out-of-town services available on a daily dispatch basis.

Management remains focused on providing prompt, high-quality patient care at the Advanced and Basic Life Support levels. Employees will work diligently to achieve goals while maintaining the highest standards of care.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “intends,” “plans,” “should,” “seeks,” “pro forma,” “anticipates,” “estimates,” “continues,” or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under “Risk Factors” and “Our Business.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.

Investor Relations:

Ricky Bernard
832-436-1831 x100
info@quantummedicaltransport.com
www.quantummedicaltransport.com

SOURCE: Quantum Medical Transport, Inc.

ReleaseID: 474185

Research Desk Line-up: American Eagle Outfitters Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on New York & Co., Inc. (NYSE: NWY), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=NWY, following the Company’s announcement of its financial results on August 17, 2017, for the second quarter fiscal 2017. The specialty women’s apparel chain posted its highest gross margin and operating income since Q2 2005 and 2008, respectively. 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 Apparel Stores industry. Pro-TD has currently selected American Eagle Outfitters, Inc. (NYSE: AEO) for due-diligence and potential coverage as the Company reported on August 23, 2017, its financial results for Q2 2017 which ended on July 29, 2017. Register for a free membership today, and be among the early birds that get access to our report on American Eagle Outfitters 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 NWY; also brushing on AEO. 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=AEO

Earnings Reviewed

For the second quarter ended July 29, 2017, New York & Co.’s net sales were $224.1 million, down 3.7% compared to $232.8 million in Q2 2016, reflecting growth in ecommerce, offset by the impact of a lower store count and decreased comparable store sales.

New York & Co.’s comparable store sales decreased 1.1%, reflecting double-digit percentage growth in ecommerce offset by decreases in comparable store sales in brick-and-mortar stores.

During Q2 2017, New York & Co.’s gross profit as a percentage of net sales increased 180 basis points to 30.6% versus 28.8% for Q2 2016, reflecting the highest gross margin rate achieved in the second quarter since 2005. The increase during the quarter reflects a 30 basis point increase in merchandise margin and a 150 basis point improvement in the leverage of buying and occupancy expenses.

During Q2 2017, New York & Co. reduced buying and occupancy costs by $5.3 million on a y-o-y basis, leading to a 150 basis points improvement in the leverage of these expenses despite lower sales. During the reported quarter, the Company recorded a non-operating benefit of $1.7 million, which represents the partial reversal of a legal reserve established for an alleged trademark infringement matter, partially offset by charges for strategic consulting services and executive management change costs.

New York & Co.’s GAAP operating income improved significantly to $5.2 million in Q2 2017 compared to $1.3 million, in Q2 2016. Excluding the $1.7 million net non-operating benefit, non-GAAP adjusted operating income in the reported quarter was $3.5 million.

New York & Co.’s GAAP net income was $4.8 million, or earnings of $0.08 per diluted share, for Q2 2017 compared to GAAP net income of $0.9 million, or earnings of $0.01 per diluted share, for Q2 2016. Excluding the net benefit of $1.7 million of non-operating adjustments, the reported quarter’s adjusted net income was $3.1 million, or earnings of $0.05 per diluted share.

Store Update

New York & Co. opened 1 New York & Co.’s store and 2 new Outlet’s stores, refreshed 3 New York & Co.’s stores, and closed 6 New York & Co.’s stores, ending the first quarter with 460 stores, including 125 Outlet’s stores and 2.3 million selling square feet in operation.

Cash Matters

At the end of Q2 2017, New York & Co.’s total inventory fell 0.9% compared to the end of last year’s second quarter, due to the lower store count combined with decreased levels of in-store inventory. The Company’s capital expenditures were $2.6 million for the reported quarter compared to $7.4 million in the prior year’s same quarter, primarily reflecting investments for two new stores with short-term leases under attractive terms, investments to refresh existing real estate, and investments in the Company’s information technology infrastructure to support its growing omni-channel business.

New York & Co. ended the quarter with $76.0 million of cash on-hand, representing a $12.2 million increase to its Q2 2016 cash balance of $63.8 million. The cash on-hand balance of $76.0 million represents approximately $1.19 in cash per share and approximately $1.01 in cash per share, net of debt. The Company had no outstanding borrowings under its revolving credit facility.

Share Repurchase Activity:

During Q2 2017, New York & Co. repurchased 136,030 shares of its common stock and has repurchased a total of 831,199 shares under its existing share repurchase program. As of the end of the reported quarter, the Company had approximately $3.3 million of total availability remaining under its share repurchase program.

Outlook

For Q3 2017, New York & Co. is forecasting net sales and comparable store sales to be approximately flat. The Company is expecting gross margin to grow approximately 150 basis points to 200 basis points on a y-o-y basis. For Q3 2017, New York & Co.’s operating results are expected to be approximately breakeven to a loss of $1.0 million compared to an operating loss of $2.1 million in Q3 2016.

New York & Co.’s total inventory at the end of the third quarter is expected to increase in the low- to mid-single-digit percentage on a y-o-y basis, largely reflecting increases in eCommerce inventory and in-transit inventory. The Company’s capital expenditures for the upcoming quarter are projected to be between $6 million and $8 million compared to $4.1 million of capital expenditures in the year earlier corresponding quarter.

During Q3 2017, New York & Co. expects to open 2 New York & Co.’s stores under short-term flexible leases, refresh 5 New York & Co.’s stores, and close 2 New York & Co.’s stores, ending the third quarter of fiscal year 2017 with 460 stores, including 125 Outlet’s stores.

Stock Performance

On Wednesday, August 30, 2017, the stock closed the trading session at $1.80, dropping 3.74% from its previous closing price of $1.87. A total volume of 53.28 thousand shares have exchanged hands. New York & Co.’s stock price advanced 16.13% in the last one month and 20.00% in the past three months. The stock currently has a market cap of $113.29 million.

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

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SOURCE: Pro-Trader Daily

ReleaseID: 474253

NEW YORK, NY / ACCESSWIRE / August 31, 2017 / Greif Class B (NYSE: GEF) (NYSE: GEF-B) will be discussing their earnings results in their Q3 Earnings Call to be held August 31, 2017 at 8:30 AM Eastern Time.

To listen to the event live – visit https://www.investornetwork.com/company/1656.

Replay Information

The replay will be available online at https://www.investornetwork.com/company/1656.

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

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Research Desk Line-up: Formula One Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=NXST, following the Company’s release of its financial results on August 08, 2017, for the second quarter fiscal 2017 (Q2 FY17). The Irving, Texas-based Company’s net revenues surged 139% y-o-y, beating market consensus 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:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Broadcasting – TV industry. Pro-TD has currently selected Formula One Group (NASDAQ: FWONA) for due-diligence and potential coverage as the Company reported on August 09, 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 Formula One 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 NXST; also brushing on FWONA. With the links below you can directly download the report of your stock of interest free of charge at:

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

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

Earnings Reviewed

During Q2 FY17, Nexstar’s net revenue rose to $626.12 million from $261.99 million recorded at the end of Q2 FY16. Net revenue numbers for the reported quarter topped consensus market expectations of $612.4 million.

The television broadcaster’s net income attributable to Nexstar increased to $43.99 million, or $0.91 per diluted share, during Q2 FY17 from $24.53 million, or $0.78 per diluted share, in the year ago same quarter. Excluding, adjusted to extinguish debt, adjusted net income came in $0.93 per diluted share for Q2 FY17, beating market expectation of $0.92 per diluted share.

Operating Metrics

Nexstar’s operating expenses rose during in the three months ended June 30, 2017 to $487.43 million from $197.99 million in Q2 FY16. During the reported quarter, the Company’s income from operations surged 116.7% to $138.69 million from $64.01 million in last year’s comparable quarter. For Q2 FY17, adjusted EBITDA, before one-time transaction expenses, came in at $208.28 million, or 33.3% of net revenues, compared to $92.29 million, or 35.2% of net revenues, in Q2 FY16. Furthermore, the Company’s adjusted EBITDA stood at $202.18 million, or 32.3% of revenues, for Q2 FY17 versus $90.22 million, or 34.4% of net revenues, in Q2 FY16.

Revenue Segmentation

For Q2 FY17, Local Advertising revenue was $237.98 million, up 143.8% from $97.61 million in Q2 FY16. National revenue also surged 153.8% to $91.06 million y-o-y in Q2 FY17. Furthermore, in the reported quarter, Core Advertising revenues were up by 146.5% y-o-y to $329.04 million.

Retransmission Fee’s revenue contributed $253.10 million to net revenues during Q2 FY17 compared to $98.14 million in the last year’s comparable period. The Company’s Digital revenues rose 157.4% to $63.98 million in Q2 FY17 from $24.86 million in the prior year’s same quarter. Trade and Barter’s revenue stood at $13.36 million for the reported quarter versus $11.74 million in the prior year’s comparable quarter. Meanwhile, Political revenues were down by 42.6% to $6.46 million in Q2 FY17 from $11.26 million in Q2 FY16.

In the reported quarter, Agency Commission was $44.10 million compared to $18.94 million in Q2 FY16.

For the Q2 FY17, Broadcasting’s revenues were $594.49 million compared to $246.40 million in Q2 FY16. The segment’s income from operations was $170.34 million in Q2 FY17, up from $82.05 million in Q2 FY16.

Cash Flow and Balance Sheet

During the six months ended June 30, 2017, net cash provided by operating activities was $137.88 million compared to $109.39 million in the previous year’s same period. Meanwhile, Broadcast’s cash flow for the reported quarter was $226.94 million, or 36.2% of net revenues, versus $103.25 million, or 39.4% of net revenues, in Q2 FY16. The Company posted free cash flow of $139.02 million in Q2 FY17 compared to $48.57 million in the last year’s corresponding quarter. Furthermore, free cash flow before one-time transaction expenses came in at $145.12 million for Q2 FY17, up from $50.64 million in Q2 FY16.

As of June 30, 2017, the Company had cash balance of $85.90 million compared to $87.68 million, at the close of books on December 31, 2016. Additionally, the Company reported long-term debt including current portion of $4.44 billion as on June 30, 2017, versus $2.34 billion as on December 31, 2016.

Stock Performance

On Wednesday, August 30, 2017, the stock closed the trading session at $62.70, climbing 3.89% from its previous closing price of $60.35. A total volume of 1.39 million shares have exchanged hands, which was higher than the 3-month average volume of 725.13 thousand shares. Nexstar Media’s stock price surged 8.01% in the last three months and 20.16% in the previous twelve months. The stock is trading at a PE ratio of 25.36 and has a dividend yield of 1.91%. At Wednesday’s closing price, the stock’s net capitalization stands at $2.98 billion.

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SOURCE: Pro-Trader Daily

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