LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily looks at the latest corporate events and news making the headlines for Lannett Co., Inc. (NYSE: LCI), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=LCI. The Company announced on September 27, 2017, that the US Food and Drug Administration (FDA) approved its Abbreviated New Drug Application (ANDA) for Oxycodone and Acetaminophen Tablets, USP, 5 mg/325 mg and 10 mg/325 mg. Oxycodone and Acetaminophen Tablets are the therapeutic equivalent for the Vintage Pharmaceuticals’ reference listed drug, Percocet® Tablets, 5 mg/325 mg and 10 mg/325 mg. Lannett, which was founded in 1942, develops, manufactures, packages, and markets as well as distributes generic pharmaceutical products for a wide range of medical indications. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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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 LCI. Go directly to your stock of interest and access today’s free coverage at:

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Annuals Sale of Over Half a Billion for Oxycodone and Acetaminophen

According to IMS, the total sales of Oxycodone and Acetaminophen tablets (USP, 5-mg/325 mg and 10-mg/325 mg) in the US for the 12-month ending July 2017 reached nearly $571 million, at Average Wholesale Price (AWP).

Lannett also Obtains Approval for Dexmethylphenidate Hydrochloride Tablets, 2.5 mg, 5 mg, and 10 mg

On September 26, 2017, Lannett professed that it obtained approval from the FDA for its Abbreviated New Drug Application (ANDA) for Dexmethylphenidate Hydrochloride Tablets – 2.5 mg, 5 mg, and 10 mg. The Dexmethylphenidate Hydrochloride Tablets is used for the treatment of attention deficit and hyperactivity disorder (ADHD). It is the therapeutic equivalent to the reference listed drug, Novartis Pharmaceuticals Corporation’s Focalin® Tablets – 2.5 mg, 5 mg, and 10 mg. It is important to note that the approval for the drug came in less than 24 months after filing of the related ANDA.

As per IMS, the total sales for Dexmethylphenidate Hydrochloride Tablets (2.5 mg, 5 mg, and 10 mg) in the US for the 12 months ending July 2017, reached nearly $34 million, at AWP.

A Big Accomplishment for Lannett

Arthur Bedrosian, Chief Executive Officer at Lannett, stated that the Company is on a roll. The Oxycodone and Acetaminophen tablets enhance Lannett’s pain management franchise. The FDA approval for these drugs marks the ninth drug approval for Lannett in 2017, which is indeed a big accomplishment. He anticipates that this year, the Company would exceed the mark of 11 product approvals, which it achieved in 2016. On this important milestone, Arthur Bedrosian acknowledged his entire team for their diligence as well as ongoing efforts.

He also mentioned that Lannett intends to start marketing Oxycodone and Acetaminophen tablets along with other approved products in the forthcoming months. Factors such as planned product launches along with Lannett’s continuing integration and cost reduction efforts indicate that the Company has a bright future.

Last Close Stock Review

On Thursday, September 28, 2017, the stock closed the trading session at $18.55, declining 3.64% from its previous closing price of $19.25. A total volume of 1.04 million shares have exchanged hands, which was higher than the 3-month average volume of 589.79 thousand shares. Lannett’s stock price rallied 5.70% in the last one month. The stock currently has a market cap of $689.86 million.

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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

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NOT AN OFFERING

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LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for JAKKS Pacific, Inc. (NASDAQ: JAKK) (“JAKKS”), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=JAKK. The Company announced on September 27, 2017, that it has signed a multi-year, global master toy licensing deal with Disney Consumer Products, Inc. to launch new toys officially for Disney Pixar’s upcoming animated film, ‘Incredibles 2′. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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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 JAKK. Go directly to your stock of interest and access today’s free coverage at:

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Terms of the Agreement

As per the agreement, JAKKS will be responsible for the manufacturing, marketing, and distribution of action figures and accessories.
The figures include mini-figures and collectible figures, playsets, interactive toys, pre-school toys, role-play and dress-up accessories, novelty toys, radio control toy vehicles, toy vehicles, including die-cast and plastic, as well as associated playsets.
The deal also includes master toy rights for the 2004 film ‘The Incredibles’.

JAKKS Thrilled to be named as Master Toy Licensee for ‘The Incredibles’ Franchise

Stephen Berman, Chairman, and CEO of JAKKS, stated that the Company is thrilled to extend its relationship with Disney and be named the master toy licensee for ‘The Incredibles’ franchise. Berman added that JAKKS is looking forward to working with the remarkable storytellers at Pixar and Disney to bring ‘The Incredibles’ characters to life through a variety of toys and other consumer products for a new generation of kids.

Creativity in the Film Brought to Life through Assortment of Toys Created by JAKKS

Commenting on the agreement, Josh Silverman, EVP, Global Licensing, Disney Consumer Products and Interactive Media (“DCPI”), stated that fans around the world are excited to see their favorite super family back on the big screen with ‘Incredibles 2′ and the Company is delighted that the creativity and innovation seen in the film is seamlessly brought to life in the broad assortment of toys JAKKS has created.

‘Incredibles 2′

‘Incredibles 2′ is the direct sequel to hit animated feature film ‘The Incredibles’, released in 2004. The original movie was about the adventures of a family with superpowers and was a blockbuster hit at the box office, grossing more than $600 million worldwide. The sequel is slated for release in June 2018.

JAKKS’ Recent Partnership

As per news release on August 09, 2017, JAKKS signed a licensing agreement with Saban Brands, LLC for its iconic property, ‘Power Rangers’, which includes the Power Rangers TV series and the Power Rangers Live Action films, including 2017’s feature film ‘Saban’s Power Rangers’. The agreement included rights to exclusively manufacture, market, and distribute adult and kids Halloween costumes, accessories, and everyday dress up in the US, Canada, and Latin America.

About Disney Consumer Products and Interactive Media

Established in 2005, DCPI is the business segment of The Walt Disney Co. that brings stories and characters to life through innovative and engaging physical products and digital experiences across more than 100 categories, including toys, t-shirts, apps, books, and console games. DCPI comprises four main lines of business, namely: (i) Licensing, (ii) Retail, (iii) Games and Apps, and (iv) Content.

About JAKKS Pacific, Inc.

Founded in 1995, JAKKS is a leading designer, manufacturer, and marketer of toys and consumer products sold throughout the world. The Company’s popular proprietary brands include BIG-FIGS™, XPV®, Max Tow™, Disguise®, Moose Mountain®, Funnoodle®, Maui®, Kids Only!®, and C’est Moi™. JAKKS is headquartered in Santa Monica, California.

Last Close Stock Review

On Thursday, September 28, 2017, JAKKS Pacific’s stock closed the trading session at $3.00, slightly rising 0.84% from its previous closing price of $2.97. A total volume of 233.78 thousand shares were exchanged during the session, which was above the 3-month average volume of 185.60 thousand shares. The stock currently has a market cap of $86.58 million.

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

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PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

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SOURCE: Pro-Trader Daily

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Research Desk Line-up: Apogee Enterprises Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on GMS Inc. (NYSE: GMS), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=GMS, following the Company’s posting of its first quarter fiscal 2018 financial results on September 06, 2017. The leading North American distributor of wallboard and suspended ceilings systems achieved double-digit sales gains for the 25th consecutive quarter. 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 General Building Materials industry. Pro-TD has currently selected Apogee Enterprises, Inc. (NASDAQ: APOG) for due-diligence and potential coverage as the Company announced on September 19, 2017, its financial results for Q2 FY18. Register for a free membership today, and be among the early birds that get access to our report on Apogee Enterprises 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 GMS; also brushing on APOG. 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=APOG

Earnings Reviewed

GMS’ net sales for the first quarter of fiscal 2018 ended July 31, 2017, were $642.2 million, up 16.8% compared to net sales of $549.8 million for the first quarter of fiscal 2017 ended July 31, 2016. The Company’s reported quarter sales benefited from price gains in each product category, stronger end market demand, particularly in commercial and the contribution of successful acquisitions. GMS’ revenue lagged behind analysts’ estimates of $645.19 million.

During Q1 FY18, GMS’ base business’ net sales increased 7.8% on the strength of higher end-market demand, cross-selling initiatives, and new branch openings. The Company noted that acquisitions completed over the past 2 years contributed the remaining half of net sales growth during the reported quarter.

For Q1 FY18, GMS’ gross profit of $205.1 million grew 14.8% compared to $178.6 million in Q1 FY17, primarily attributable to higher pricing and increased sales. The Company’s gross margin was 31.9% for the reported quarter, compared to 32.5% in the prior year’s same quarter, largely due to higher cost material purchases in wallboard, along with product mix.

GMS’ net income was $15.34 million, or $0.36 per diluted share, compared to earnings of $9.16 million, or $0.24 per diluted share, in Q1 FY17. The Company’s adjusted net income totaled $19.7 million, or $0.47 per diluted share, in the reported quarter, compared to $17.8 million, or $0.46 per diluted share, in the prior year’s corresponding quarter. GMS’ earnings met Wall Street’s estimates of $0.47 per share.

During Q1 FY18, GMS’ adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $52.8 million rose 14.8% compared to $45.9 million in Q1 FY17. As a percentage of net sales, the Company’s adjusted EBITDA margin was 8.2% compared to 8.4% in the year-earlier quarter, reflecting a lower gross margin which outweighed an improvement in selling, general, and administrative (SG&A) expense as a percent of net sales.

GMS’ Segment Results

During Q1 FY18, Wallboard’s sales jumped 13.3% to $284.7 million on a y-o-y basis driven by wallboard’s unit volume growth of 11.8% to 914 million square feet and price gains. The Company’s Wallboard volumes benefitted from steady end-market demand and positive contribution from acquisitions.

For Q1 FY18, Ceilings’ sales rose 15.5% to $99.7 million on a y-o-y basis, mainly due to greater commercial activity, price gains, and the positive impact of acquisitions. The Company’s steel framing sales of $104.7 million grew 24.1% compared to the year-ago same period due to strong commercial activity, price gains as a result of higher industry steel prices, and acquisitions.

For Q1 FY18, Other Product’s sales advanced 19.8% to $153.1 million as a result of strategic initiatives, price gains, and acquisitions.

Capital Resources

At July 31, 2017, GMS had cash of $19.7 million and total debt of $602.9 million compared to cash of $14.6 million and total debt of $594.9 million at April 30, 2017. In the reported quarter, the Company expanded the borrowing base by another $100 million to $578 million and used the additional net proceeds to pay down $94 million on the ABL facility. GMS also extended the maturity by 2 years to 2023 and reduced the interest rate by 50 basis points.

During Q1 FY18, GMS’ operating cash flow improved $36.5 million to $5.9 million, which was largely influenced by improved working capital turns and lower cash taxes. At July 31, 2017, the Company’s net debt to LTM pro-forma adjusted EBITDA stood at 2.9x, consistent with 2.9x at April 30 and down from 3.4x y-o-y.

Outlook

For FY18, GMS is forecasting its base business to continue to grow approximately 2% faster than the market through organic share gains and the addition of 3 to 5 Greenfields per year. The Company expects FY18 capital investments to be in the band of $12 million to $14 million.

Stock Performance

On Thursday, September 28, 2017, the stock closed the trading session at $35.41, rising 1.87% from its previous closing price of $34.76. A total volume of 416.46 thousand shares have exchanged hands. GMS Inc.’s stock price skyrocketed 13.75% in the last one month, 25.43% in the past three months, and 55.72% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 20.94%. The stock is trading at a PE ratio of 26.89 and currently has a market cap of $1.44 billion.

Pro-Trader Daily:

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

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

CONTACT

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

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ReleaseID: 476675

EQS Group AG, a leading technology provider in investor relations, communications and compliance, is now an official issuing authority for Legal Entity Identifiers (LEI) – the global standardized identification code for financial market participants – thereby further expanding its reporting obligation services from a single source; Companies can now quickly and efficiently apply for the identification code over EQS’s innovative issuing portal, LEI MANAGER (www.lei-manager.com)

MUNICH, GERMANY / ACCESSWIRE / September 29, 2017 / Following its accreditation by the Global Legal Entity Identifier Foundation (GLEIF), EQS Group is now one of only three dozen Local Operating Units (LOUs) worldwide which has the authority to assign the 20-digit, alphanumeric code. The LEI code is necessary for companies’ compliance with all provisions of the EU Directive on Markets in Financial Instruments (MiFID II) and its accompanying MiFIR regulation. Beginning January 2018, companies will need a LEI code in order to publish voting rights notices, insider information as well as proprietary transactions of executives.

Achim Weick, founder and CEO of EQS Group: “We are very pleased to have EQS certified as a LEI licensing authority. Our LEI MANAGER is yet another innovative solution that EQS has created to help companies quickly adapt to new legal requirements. As a result, companies throughout the world can apply for a LEI before both MiFID II and MiFIR become law and thereby fulfill all EU transparency requirements as soon as the regulations take effect.”

Applying for a LEI via the LEI MANAGER requires only a current commercial registry extract, a power of attorney from the CEO or authorized officer and a minute of your time. EQS Group’s data services team also provides complete hosting, administration, and transfer of LEIs to the LEI MANAGER, if desired.

“Because we are passionate about being a top service provider, our LEI licensing is driven by our overriding service concept. We can usually guarantee same day delivery of LEIs and if any questions arise, our multilingual 24/7 hotline personnel can offer solutions,” assures Sven Schenkluhn, Deputy Managing Director of Germany and Head of EQS Group’s Data Services Division.

Contact
Alexander Mrohs
Tel: +49 (0)89 210 298-420
alexander.mrohs@eqs.com

About EQS Group
EQS Group is a leading international technology provider for Digital Investor Relations, Corporate Communications, and Compliance. More than 8,000 companies worldwide trust EQS’s products and services to securely, efficiently and simultaneously fulfill complex national and international disclosure and compliance requirements, and to reach stakeholders globally.

The EQS COCKPIT, a cloud-based platform, digitally maps the workflows of IR, Communications and Compliance Officers, communicates with the company’s website, and distributes company releases via one of the most important global newswires. With additional products such as websites, IR tools, digital reports, and webcasting solutions, EQS Group is a digital single source provider.

EQS Group was founded in Munich, Germany in 2000 and has developed from a start-up to an international group with offices in the world’s key financial markets. The group employs more than 350 professionals globally.

SOURCE: EQS Group AG

ReleaseID: 476680

LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Cherokee Inc. (NASDAQ: CHKE), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CHKE, following the Company’s release of its financial results on September 07, 2017, for the second quarter fiscal 2018. The Company’s total revenue increased 64.8% 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:

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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 CHKE. With the links below you can directly download the report of your stock of interest free of charge at:

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

Earnings Reviewed

For three months ended July 29, 2017, Cherokee’s total revenue increased 64.8% to $13.96 million from $8.47 million in Q2 FY17. During Q2 FY18, the Company’s royalty revenue decreased 5.4% to $8.01 million from $8.47 million in Q2 FY17. The royalty revenue surpassed analysts’ expectations of $7.82 million.

During Q2 FY18, Cherokee’s gross profit increased 7.7% to $9.13 million from $8.47 million in Q2 FY17. For the reported quarter, the Company’s gross margin decreased 3460 basis points to 65.4% of revenue from 100% of revenue in Q2 FY17.

During Q2 FY18, the Company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 66.2% to $1.19 million from $3.53 million in Q2 FY17. For the reported quarter, the Company’s adjusted EBITDA margin decreased 3310 basis points to 8.5% of revenue from 41.6% of revenue in Q2 FY17.

For the reported quarter, Cherokee’s selling, general, and administrative (SG&A) expenses increased 73.3% to $9.90 million from $5.71 million in Q2 FY17. The increase was primarily due to the operating expenses relating to the Hi-Tec portfolio of brands and the $1.8 million of integration related expenses. During Q2 FY18, the Company’s amortization expenses decreased 10.9% to $203,000 from $228,000 in Q2 FY17.

During Q2 FY18, Cherokee’s operating loss was $971,000 compared to operating income of $2.53 million in Q2 FY17. For the reported quarter, the Company’s adjusted operating income was $805,000 compared to $3.17 million in Q2 FY17. During Q2 FY18, the Company’s adjusted operating margin decreased 3100 basis points to 6% of revenue from 37% of revenue in Q2 FY17.

During Q2 FY18, Cherokee’s net loss was $4.63 million compared to net income of $1.52 million in Q2 FY17. For the reported quarter, the Company’s adjusted net loss was $589,000 compared to adjusted net income of $1.91 million in Q2 FY17. During Q1 FY18, Cherokee’s diluted EPS was negative $0.36 compared to positive diluted EPS of $0.17 in Q2 FY17. For the reported quarter, the Company’s adjusted diluted EPS was negative $0.05 compared to positive adjusted diluted EPS of $0.22 in Q2 FY17. Adjusted diluted EPS was below analysts’ expectations of $0.00.

Balance Sheet

As on July 29, 2017, Cherokee’s cash and cash equivalents decreased 56.2% to $3.67 million from $8.38 million in Q4 FY17.

During Q2 FY18, the Company’s receivable decreased 32.9% to $14.66 million from $21.87 million in Q4 FY17.

For the reported quarter, the Company’s net inventory decreased 57.8% to $661,000 from $1.57 million in Q4 FY17.

Outlook

For FY18, Cherokee expects gross profit to be in the range of $39.0 million to $41.0 million and adjusted EBITDA to be in the band of $10.0 million to $12.0 million.

Stock Performance

At the close of trading session on Thursday, September 28, 2017, Cherokee’s stock price declined 6.45% to end the day at $2.90. A total volume of 261.50 thousand shares were exchanged during the session, which was above the 3-month average volume of 152.69 thousand shares. At Thursday’s closing price, the stock’s net capitalization stands at $40.43 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.

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

NO WARRANTY

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

NOT AN OFFERING

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

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LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on DAVIDsTEA Inc. (NASDAQ: DTEA), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=DTEA, following the Company’s reporting of its second quarter fiscal 2017 financial results on September 07, 2017. The beverage Company’s loss widened 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:

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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 DTEA. 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

For the three months ended July 29, 2017, DAVIDsTEA’s sales jumped 11.2% to C$45.7 million from C$41.1 million in Q2 2016. The Company’s comparable sales decreased by 0.9% versus a 5.1% comp increase in Q2 2016 as it continues to face a more challenging overall consumer retail backdrop.

For Q2 21017, DAVIDsTEA’s gross profit increased by 1.5% to C$20.2 million from C$19.9 million, while gross profit as a percent of sales decreased to 44.2% from 48.5%. The decrease in gross profit as a percent of sales was primarily due to the planned clearance of seasonal products and deleveraging of fixed costs due to the negative 0.9% comparative sales in the reported quarter.

During Q2 2017, DAVIDsTEA’s selling, general, and administration expenses (SG&A) increased to C$27.8 million from C$22.8 million in Q2 2016. As a percent of sales, the Company’s SG&A increased to 60.9% from 55.5% in the reported quarter. DAVIDsTEA’s adjusted SG&A increased to C$25.9 million from C$22.8 million in the year-ago same period, primarily due to the hiring of additional staff to support the Company’s growth, including new stores, and higher store operating expenses considering 28 additional stores. As a percent of sales, DAVIDsTEA’s adjusted SG&A increased to 56.6% from 55.5% in Q2 2016.

DAVIDsTEA’s recorded loss from operating activities of C$7.6 million in Q2 2017 compared to C$2.9 million in Q2 2016. The Company’s adjusted results from operating activities dropped to C$5.7 million from C$2.9 million in the year-earlier corresponding quarter.

DAVIDsTEA’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was C$2.2 million for Q2 2017, compared to C$0.2 million for Q2 2016. The Company recorded an impairment charge of C$2.3 million in the reported quarter due to underperforming US stores.

For Q2 2017, DAVIDsTEA recorded net loss of C$5.6 million compared to a net loss of C$2.3 million. The Company’s adjusted net loss was C$4.2 million compared to C$2.3 million in the prior year’s same quarter. DAVIDsTEA’s fully diluted loss per common share was C$0.22 in Q2 2017 compared to C$0.09 in Q2 2016. The Company’s adjusted fully diluted loss per common share totaled C$0.16 per share compared to C$0.09 in the year-earlier same quarter.

Store Update

DAVIDsTEA ended Q2 2017 with 236 stores, an increase of 28 net new stores, or 13%, versus 208 stores last year. In Q2, the Company opened 4 new stores in Canada, 1 new store in the US, and closed 1 store in Canada for a y-o-y increase in store operating weeks of 16%.

Cash Matters

As of the end of Q2 2017, DAVIDsTEA’s ending inventory was $28.6 million compared to $25.1 million for the year-ago same period. On a per-store basis, the Company’s inventory increased by 0.5% on a y-o-y basis. DAVIDsTEA noted that its planned seasonal promotional activity enabled the Company to return to a more normal level of inventories, including carryover, compared to year-end. In terms of liquidity, DAVIDsTEA ended the reported quarter with $56.4 million in cash, or a net cash position of $2.19 on a per share basis, with no debt and availability of $20 million under its revolving credit facility.

Outlook

For FY17, DAVIDsTEA plans to open 10-12 new stores in Canada compared to earlier forecast of 10-15 stores and up to 5 in the US. The Company is expecting CapEx for the year to be approximately C$15 million to C$18 million versus the earlier guidance of C$16 million to C$20 million. DAVIDsTEA expects to be free cash flow positive for the full year.

Stock Performance

At the close of trading session on Thursday, September 28, 2017, DAVIDsTEA’s stock price slipped 1.14% to end the day at $4.35. A total volume of 22.89 thousand shares were exchanged during the session. At Thursday’s closing price, the stock’s net capitalization stands at $121.02 million.

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

NO WARRANTY

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

NOT AN OFFERING

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

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ReleaseID: 476671

Research Desk Line-up: Landec Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Calavo Growers, Inc. (NASDAQ: CVGW), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CVGW, following the Company’s disclosure of its financial results on September 06, 2017, for the third quarter fiscal 2017. The Company’s net revenue increased 14.6% 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:

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Get more of our free earnings reports coverage from other constituents of the Farm Products industry. Pro-TD has currently selected Landec Corporation (NASDAQ: LNDC) for due-diligence and potential coverage as the Company reported on September 26, 2017, its financial results for Q1 FY18 which ended on August 27, 2017. Register for a free membership today, and be among the early birds that get access to our report on Landec 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 CVGW; also brushing on LNDC. 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=LNDC

Earnings Reviewed

For three months ended July 31, 2017, Calavo Growers’ net revenue increased 14.6% to $301.65 million from $263.15 million in Q3 FY16. The net revenue surpassed analysts’ expectations of $274.16 million.

During Q3 FY17, Calavo Growers’ gross profit decreased 23.8% to $24.85 million from $32.64 million in Q3 FY16. For the reported quarter, the Company’s gross margin decreased 420 basis points to 8.2% of revenue from 12.4% of revenue in Q3 FY16.

For the reported quarter, Calavo Growers’ selling, general, and administrative (SG&A) expenses increased 3.3% to $12.70 million from $12.29 million in Q3 FY16. The increase was primarily due to a change in presentation of broker commission which had previously been accounted for as a reduction of net sales and a one-time legal settlement in the amount of $0.4 million.

During Q3 FY17, Calavo Growers’ operating income decreased 4% to $12.15 million from $20.36 million in Q3 FY16. For the reported quarter, the Company’s operating margin decreased 370 basis points to 4.0% of revenue from 7.7% of revenue in Q3 FY16.

During Q3 FY17, Calavo Growers’ net income decreased 3% to $8.81 million from $12.75 million in Q3 FY16. During Q3 FY17, Calavo Growers’ diluted EPS decreased 31.5% to $0.50 from $0.73 in Q3 FY16. The diluted EPS was in-line with analysts’ expectations of $0.50.

Calavo Growers’ Segment Details

Fresh Products – During Q3 FY17, the Fresh Products segment’s net revenue increased 8.1% to $168.92 million from $156.13 million in Q3 FY16. The increase was due to higher proportion of value-added avocado sales. For the reported quarter, the segment’s gross profit decreased 7.2% to $16.95 million from $18.28 million in Q3 FY16. During Q3 FY17, the segment’s gross margin decreased 170 basis points to 10% of revenue from 11.7% of revenue in Q3 FY16.

Calavo Foods – During Q3 FY17, the Calavo Foods segment’s net revenue increased 24.3% to $20.25 million from $16.29 million in Q3 FY16. For the reported quarter, the segment’s gross profit decreased 81.3% to $1.08 million from $5.80 million in Q3 FY16. During Q3 FY17, the segment’s gross margin decreased 3030 basis points to 5.3% of revenue from 35.6% of revenue in Q3 FY16.

Renaissance Food Group (RFG) – During Q3 FY17, the RFG segment’s net revenue increased 23.9% to $112.48 million from $90.73 million in Q3 FY16. For the reported quarter, the segment’s gross profit decreased 20.2% to $6.83 million from $8.56 million in Q3 FY16. During Q3 FY17, the segment’s gross margin decreased 340 basis points to 6% of revenue from 9.4% of revenue in Q3 FY16.

Balance Sheet

As on July 31, 2017, Calavo Growers’ cash and cash equivalents decreased 35.9% to $8.87 million from $13.84 million in Q4 FY16.

During Q3 FY17, the Company’s accounts receivable, net of allowance increased 15.8% to $81.22 million from $70.10 million in Q4 FY16.

For the reported quarter, the Company’s net inventories increased 2.7% to $32.71 million from $31.85 million in Q4 FY16.

For the reported quarter, the Company’s trade accounts payable increased 36.3% to $30.60 million from $22.45 million in Q4 FY16.

Outlook

For FY17, Calavo Growers expects double-digit revenue growth.

Stock Performance

On Thursday, September 28, 2017, the stock closed the trading session flat at $72.80. A total volume of 58.67 thousand shares have exchanged hands. Calavo Growers’ stock price surged 5.13% in the last three months, 21.03% in the past six months, and 9.77% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 18.57%. The stock is trading at a PE ratio of 35.15 and has a dividend yield of 1.24%. At Thursday’s closing price, the stock’s net capitalization stands at $1.29 billion.

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PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

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LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Dynatronics Corp. (NASDAQ: DYNT), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=DYNT. The Company announced on September 27, 2017, that it has agreed to acquire substantially all the assets of Bird & Cronin, Inc., a Minneapolis manufacturer of orthopedic soft goods and specialty patient care products. Post the closure of the transaction, Bird & Cronin will be operated as a wholly-owned subsidiary of Dynatronics. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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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 DYNT. Go directly to your stock of interest and access today’s free coverage at:

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The Announcement

The purchase price for the transaction is about $14.5 million, payable in cash and stock of Dynatronics, with an additional contingent payment payable after 12 months on the basis of post-closing revenues of Bird & Cronin. The payment is structured in the form of $9.1 million through cash while the issuance of $3.6 million will be through the shares of Dynatronics’ Series D Preferred stock.

The Company has agreed to pay initially between $0.5 million and $1.5 million in cash to the seller, where about $0.9 million in cash and $0.4 million in stock will be subject to a holdback, with 50% of the holdback being released in one year from the closing date and the other 50% would be released about two years from the closing date.

The Hausmann Acquisition

Dynatronics announced the agreement to acquire Hausmann Industries (“Hausmann”) on March 22, 2017, for about $10.0 million in cash, subject to adjustments. Pro-forma combined sales for Dynatronics and Hausmann for the 12-month period ended December 31, 2015, was about $45 million, where Hausmann’s products accounted for about 32% of the combined revenues.

Hausmann is based in New Jersey, and manufactures laminated treatment tables and wood products, which are complementary to the Company’s existing portfolio of solid wood and custom design treatment tables. Hausmann primarily sells to third-party dealers and generates a lower gross margin percentage that historically reported by Dynatronics, but resulted in lower selling costs.

Q4 FY17 Results

Dynatronics also announced its Q4 FY17 results and full-year FY17 results for the period ended June 30, 2017. During Q4 FY17, the Company successfully bought and integrated Hausmann, followed by the Bird & Cronin acquisition. According to the Company, the Hausmann acquisition, coupled with Bird & Cronin and the legacy of the Dynatronics business, enhances its competitive position and places the Company to further implement its growth strategy.

For full-year FY17, Dynatronics reported an increase in net sales of 17.6% to $35.8 million versus $30.4 million for FY16. The profit for FY17 rose 11.1% to $11.5 million representing 32.2% of sales versus 34.0% of the reported sales for FY16. The acquisition of the assets of Hausmann during Q4 FY17 has led to increases in net sales and gross profits, according to the Company, where the Hausmann operations accounted for $3.8 million of the sales increase and about $1.1 million increase in the gross profits during both Q4 FY17 and full-year FY17.

Last Close Stock Review

On Thursday, September 28, 2017, Dynatronics’ stock closed the trading session at $2.25, dropping 1.28% from its previous closing price of $2.28. A total volume of 60.82 thousand shares were exchanged during the session, which was above the 3-month average volume of 9.71 thousand shares. The stock currently has a market cap of $8.01 million.

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PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

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

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ReleaseID: 476672

LONDON, UK / ACCESSWIRE / September 29, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Elbit Systems Ltd. (NASDAQ: ESLT), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ESLT. The Company announced on September 27, 2017, that it has been awarded a contract worth approximately US$300 million for the supply of command and control systems to a customer in Asia/Pacific. The contract will be for a duration of three years. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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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 ESLT. Go directly to your stock of interest and access today’s free coverage at:

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The President and Chief Executive Officer (CEO) of Elbit Systems, Bezhalel ‘Butzi’ Machlis, was quoted saying that the command and control systems solution was a result of the Company’s operational experience along with cutting-edge technology.

Raft of Deals

On September 26, 2017, Elbit Systems announced that it has been awarded a contract, for an amount of $240 million, to provide a wide array of defense electronic systems to a country in Africa. The contract, which will be performed over a two-year period, is comprised of Directed Infra-red Counter Measure (DIRCM) systems to protect aircraft from shoulder-fired missiles (Man-Portable Air Defense Systems – MANPADS), based on passive IR (Infrared) systems, and includes Missile Warning Systems (MWS), radio and communication systems, land systems, mini-UAS systems, and helicopters upgrade.

On September 12, 2017, US Customs and Border Protection (CBP) awarded Elbit Systems of America, LLC a contract to provide an in-fill radar system and tower. The amount of the award was not material to Elbit Systems, the parent company of Elbit Systems of America, LLC. The work is being performed in Texas.

Elbit Systems of America, LLC has partnered with C Speed, LLC to incorporate its LightWave Radar technology used for detecting small and low-flying airborne threats in a high clutter environment. C Speed’s LightWave radar has also been deployed worldwide to mitigate the effects of wind turbine clutter in similar environments.

On August 29, 2017, Elbit Systems announced that it was awarded an approximately $93 million contract from an Asia/Pacific country to upgrade its F-5 aircraft fleet. The contract will be performed over a three-year period. Under the upgrade contract, Elbit Systems will supply the F-5 with cutting-edge systems, including Head-Up Displays (HUDs), an advanced cockpit, radars, weapon delivery, and navigation systems, as well as DASH IV Head Mounted Systems.

Financials

The Company reported its Q2 2017 numbers in August 2017, and declared top-line revenue of US$818.3 million compared to last year’s revenue of US$804.5 million. It reiterated the growth of demand from across regions such as United States, Europe, and Asia. The CEO identified a trend in the United States defense spending which had helped the Company, while Europe saw an increase in sales owing to NATO countries boosting defenses along with countries like Russia. Regions of opportunities were identified as China and other far eastern countries.

The Company is working on an order backlog of US$7.33 billion.

About Elbit Systems Ltd

Elbit Systems is a world leader in a wide spectrum of defense, homeland security, and commercial programs across the globe and its subsidiaries operate in the field of aerospace, land and naval systems, command control, communications, computers, intelligence surveillance and reconnaissance (C4ISR), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, and cyber-based systems. The Company has also diversified into the upgrading of existing platforms, developing new technologies for defense, homeland security, and commercial applications and providing a range of support services, including training and simulation systems.

Last Close Stock Review

On Thursday, September 28, 2017, the stock closed the trading session at $146.65, marginally slipping 0.07% from its previous closing price of $146.76. A total volume of 17.62 thousand shares have exchanged hands. Elbit Systems’ stock price skyrocketed 18.99% in the last three months, 28.11% in the past six months, and 52.97% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 43.93%. The stock is trading at a PE ratio of 26.26 and has a dividend yield of 1.20%. At Thursday’s closing price, the stock’s net capitalization stands at $6.17 billion.

Pro-Trader Daily:

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

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