LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Mallinckrodt PLC (NYSE: MNK), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=MNK. The Company announced on September 25, 2017, that it has completed the acquisition of privately held specialty pharma Company InfaCare Pharmaceutical Corporation. The Company specializes in development and commercialization of proprietary drugs aimed at neonatal and pediatric patients. Mallinckrodt had announced the acquisition on August 04, 2017, in a deal valued approximately $425 million. 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 MNK. Go directly to your stock of interest and access today’s free coverage at:

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Sharing his views on completion of the acquisition of InfaCare, Mark Trudeau, CEO of Mallinckrodt said:

“The addition of Stannsoporfin further expands and diversifies Mallinckrodt’s pediatric pipeline, and will add strength and breadth to our Specialty Brands business. There is an urgent need for therapies to treat thousands of infants at risk for serious illness or death due to severe jaundice, and Mallinckrodt is committed to bringing Stannsoporfin to this population as quickly and efficiently as possible.”

As per the previously agreed terms, Mallinckrodt has paid InfaCare $80 million as upfront payment. InfaCare is eligible for additional milestone payments of up to $345 million on reaching certain pre-agreed regulatory and sales targets. The Company expects that the acquisition would be dilutive to the adjusted diluted EPS by $0.15-$0.20 for the current FY17 and modestly higher in FY18. However, the Company has said that it would be unable to provide the guidance for GAAP based diluted EPS as it would be difficult to forecast the exact timing of the number of factors that would be used for such calculations.

The highlight of the acquisition – InfaCare lead product, Stannsoporfin

The current acquisition is particularly important for Mallinckrodt as it would gain global rights to InfaCare lead product, Stannsoporfin and any patents related to it. Stannsoporfin is being developed as a pharmacologic treatment for neonatal jaundice, known clinically as hyperbilirubinemia (HB).

Jaundice, or hyperbilirubinemia, is a common clinical condition seen in both term and pre-term new-born. It is estimated that nearly 750,000 infants are treated for jaundice annually. Many of these infants are unresponsive to the conventional treatment, i.e. phototherapy and run the risk of developing severe jaundice prior to discharge even after repeated treatment. Out of these, a smaller percentage of infants may even have to be readmitted to hospitals as they can experience elevated bilirubin levels after discharge and be at risk of severe jaundice. It is anticipated Stannsoporfin has the potential to reduce the incidence of readmission. The total number of patients that require treatment for severe jaundice in US every year is approximately 70,000 to 125,000.

Stannsoporfin is a heme oxygenase inhibitor and is being investigated for having the potential to reduce the production of bilirubin. Once approved Stannsoporfin is expected to be a highly effective therapy used for near- and full-term infants at risk of developing complications associated with severe jaundice.

The New Drug Application (NDA) for Stannsoporfin was filed with the US Food and Drug Administration (FDA) in July 2016. Later, in December 2016, FDA granted Fast Track designation for Stannsoporfin. The Jasmine trial, the Phase-II B clinical trials for Stannsoporfin in neonates has been completed by InfaCare. If the product is approved for commercialization, Stannsoporfin is expected to become the first and only pharmacologic option indicated for the treatment of neonates at risk for developing severe hyperbilirubinemia, or severe jaundice.

Going forward, if Stannsoporfin is approved, Mallinckrodt plans to commercialize the product using its current sales infrastructure and the organization that handles its product INOMAX® (nitric oxide) gas, for inhalation, therapy in neonatal centers across the US.

About Mallinckrodt

Mallinckrodt is a multibillion-dollar specialty pharmaceutical Company with a 150-year legacy. The Company develops, manufactures, markets and distributes specialty pharmaceutical products and therapies with a special focus on autoimmune and rare diseases. It is working on specialty areas like neurology, rheumatology, nephrology, pulmonology, and ophthalmology; immunotherapy and neonatal respiratory critical care therapies; and analgesics and hemostasis products. The Company is known for acquiring and managing highly regulated raw materials and specialized chemistry, formulation, and manufacturing capabilities. The Company has two main verticals – Specialty Brands, handles branded medicines; and Specialty Generics segment, which handles specialty generic drugs, active pharmaceutical ingredients, and external manufacturing. Mallinckrodt has its global headquarters in Surrey, UK, its US headquarters is at St. Louis, Missouri, and its Global External Manufacturing Operations in Dublin, Ireland.

Last Close Stock Review

On Wednesday, September 27, 2017, Mallinckrodt’s stock closed the trading session at $35.39, climbing 2.08% from its previous closing price of $34.67. A total volume of 1.77 million shares were exchanged during the session. The stock currently has a market cap of $3.44 billion.

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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.

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NEW YORK, NY / ACCESSWIRE / September 28, 2017 / OMNOVA Solutions Inc. (NYSE: OMN) will be discussing their earnings results in their Q3 Earnings Call to be held September 28, 2017 at 11:00 AM Eastern Time.

To listen to the event live – visit https://www.investornetwork.com/company/1387.

Replay Information

The replay will be available online at https://www.investornetwork.com/company/1387.

About Investor Network

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

SOURCE: Investor Network

ReleaseID: 476568

NEW YORK, NY / ACCESSWIRE / September 28, 2017 / Cantel Medical Corp. (NYSE: CMD) will be discussing their earnings results in their Q4 Earnings Call to be held September 28, 2017 at 11:00 AM Eastern Time.

To listen to the event live – visit https://www.investornetwork.com/company/3059.

Replay Information

The replay will be available online at https://www.investornetwork.com/company/3059.

About Investor Network

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

SOURCE: Investor Network

ReleaseID: 476567

LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Dell Technologies Inc. (NYSE: DVMT), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=DVMT, following the Company’s announcement of its Dell Technologies (NYSE: DVMT). The Company posted its financial results on September 07, 2017, for the second quarter fiscal 2018 (Q2 FY18). The Round Rock, Texas-based Company’s non-GAAP net revenues surged 49% y-o-y; outperforming 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:

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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 DVMT. 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 the quarter ended on August 04, 2017, Dell Technologies’ net revenues increased to $19.30 billion from $13.08 billion recorded at the end of Q2 FY17. The Company’s non-GAAP net revenue rose to $19.63 billion in Q2 FY18 from $13.15 billion in Q2 FY17. Meanwhile, the Company’s non-GAAP net revenue topped market estimates of $19.52 billion.

The computer and technology services provider reported GAAP net loss from continuing operations of $978 million in Q2 FY18 compared to GAAP net loss from continuing operations $262 million in Q2 FY17. Meanwhile, the Company’s non-GAAP net income from continuing operations increased during Q2 FY18 to $873 million from $362 million in the previous year’s same quarter.

Operational Metrics

For the reported quarter, the Company’s GAAP gross margin came in at $4.81 billion compared to $2.34 billion in the prior year’s corresponding quarter. Meanwhile, non-GAAP gross increased to $6.10 million, or 31% of net revenues, during Q2 FY18 versus $2.52 million, or 19% of net revenues, in Q2 FY17.

The Company’s total non-GAAP operating expenses came in at $4.55 billion for Q2 FY18 compared to $1.76 billion in Q2 FY17. The Company reported non-GAAP operating income of $1.55 billion, or 8% of non-GAAP net revenue, during Q2 FY18, up from $756 million, or 6% of non-GAAP net revenue, in Q2 FY17. Furthermore, the Company adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) improved to $1.87 billion, or 10% of non-GAAP net revenue, in Q2 FY18 from $884 million, or 7% of non-GAAP net revenue, in last year’s comparable quarter.

Dell Technologies’ Segment Performance

The Client Solutions Group (CSG) segment’s net revenues grew 7% to $9.85 billion in Q2 FY18 from $9.22 billion in the previous year’s same quarter. The Company’s operating income increased to $566 million, or 6% of the segment’s revenues, in Q2 FY18 from $484 million, or 5% the segment’s revenues, in Q2 FY17.

In the reported quarter, the Company’s revenues from Infrastructure Solutions Group (ISG) segment rallied 96% y-o-y to $7.41 billion from $3.78 billion in the prior year’s same quarter. The segment’s operating income came in at $430 million, or 6% of segment revenues, for Q2 FY18 compared to $300 million, or 8% of the segment’s revenues, in Q2 FY17.

VMware segment reported revenues of $1.91 billion in Q2 FY18. Moreover, the segment’s operating income stood at $561 million, or 29% of the segment’s revenues, in for Q2 FY18.

Cash Flow & Balance Sheet

During Q2 FY18, Dell Technologies’ net cash provided by operating activities were $1.82 billion compared to $1.88 billion in Q2 FY17. As on August 04, 2017, Dell Technologies had $9.21 billion in cash and cash equivalents compared to $9.47 billion at the close of books on February 03, 2017. Furthermore, the Company long-term debt as on August 04, 2017, stood at $41.37 billion versus $43.06 billion as on February 03, 2017.

Stock Performance

Dell Technologies’ share price finished yesterday’s trading session at $77.12, advancing 1.31%. A total volume of 1.30 million shares have exchanged hands, which was higher than the 3-month average volume of 1.07 million shares. The Company’s stock price skyrocketed 23.00% in the last three months, 20.69% in the past six months, and 61.37% in the previous twelve months. Additionally, the stock soared 40.29% since the start of the year. The stock currently has a market cap of $15.58 billion.

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

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

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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: 476544

LONDON, UK / ACCESSWIRE / September 28, 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 Israel-based international defense electronics Company announced on September 26, 2017, that it has been awarded a contract worth $240 million for providing a wide suite of defense electronic systems to a country in Africa. 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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Details About the Contract

The above-mentioned contract would be completed over a two-year period.

It is comprised of Directed Infra-red Counter Measure (DIRCM) systems to guard aircrafts from shoulder-fired missiles such as Man-Portable Air Defense Systems (i.e. MANPADS). This technology is based on passive Infrared systems.

The contract also encapsulates Missile Warning Systems (MWS), radio, and communication systems, land systems, mini-UAS systems, and helicopters upgrade.

Customers to Benefit from Elbit’s Unique Capabilities

Bezhalel (Butzi) Machlis, President and CEO at Elbit Systems, shared his views on receiving the new contract. He mentioned that the team is proud to have won the contract. This contract would provide Elbit Systems an opportunity to offer a range of systems and capabilities from different fields to its customers. He stated that it is a growing trend that he has recently observed in many countries.

Due to the unique structure that Elbit Systems offers, the customers would be able to gain from the synergy of its overall capabilities and, at the same time, focus on its requirements. Mr. Machlis highlighted that Elbit’s portfolio is based on cutting-edge technologies and operational know-how, due to which, the Company is able to customize its solutions and tailor them to customer’s needs. He hopes other companies will also follow suit to this growing trend.

Reorganization for CYBERBIT Business

Earlier this week, i.e. on September 18, 2017, Elbit Systems announced that it would reorganize the business of its wholly-owned subsidiary CYBERBIT Solutions. As a part of this reorganization, the defense Cyber Intelligence and Cyber Security business will be integrated with Elbit Systems Land and C4I Division and the commercial cyber business will continue to operate under CYBERBIT. The changes would be effective as of January 01, 2018.

There is an increasing demand for Cyber Security and Cyber Intelligence in the defense sector. This is because the modern battlefield requirements are shifting from C4I (i.e. command, control, communications, computers, and intelligence) to C5I, due to the addition of the cyber dimension. Elbit Systems Land and C4I Division deliver a high synergistic value in these areas, owing to their extensive operational experience of meeting market needs in the best way possible.

Regarding this move, Mr. Machlis commented that the reorganization would enable the Company to better deal with future challenges of all growing markets to best match its offerings and to position itself as global leader in all fields.

About Elbit Systems Ltd

Elbit Systems is an international high-technology Company engaged in a wide range of defense, homeland security, and commercial programs throughout the world. It is comprised of Elbit Systems and its subsidiaries. The Company operates in fields such as aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance, 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. Besides, it also focuses on 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

At the closing bell, on Wednesday, September 27, 2017, Elbit Systems’ stock climbed 1.47%, ending the trading session at $146.76. A total volume of 44.34 thousand shares have exchanged hands, which was higher than the 3-month average volume of 27.00 thousand shares. The Company’s stock price skyrocketed 17.24% in the last three months, 28.52% in the past six months, and 53.23% in the previous twelve months. Moreover, the stock soared 44.04% since the start of the year. The stock is trading at a PE ratio of 26.28 and has a dividend yield of 1.20%. The stock currently has a market cap of $6.17 billion.

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

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: 476546

LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Conn’s, Inc. (NASDAQ: CONN), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CONN, following the Company’s release of its second quarter fiscal 2018 financial results on September 07, 2017. The specialty retailer of furniture and mattresses, home appliances, consumer electronics, and home office products reported net profit for Q2 FY18 compared to net loss in the year-ago same period. 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 CONN. 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 second quarter ended July 31, 2017, Conn’s recorded net sales of $286.41 million, down 13.7% compared to net sales of $332.00 million for Q2 FY17. The Company’s revenue fell short of analysts’ estimate of $371.9 million.

Conn’s net income was $4.3 million, or $0.14 per diluted share, for Q2 FY18 compared to a net loss of $11.9 million, or $0.39 per diluted share, for Q2 FY17. On a non-GAAP basis, the Company’s adjusted net income for the reported quarter was $8.2 million, or $0.26 per diluted share, which excluded charges and credits and the loss from extinguishment of debt related to the early redemption of its 2015-A Notes. The Company’s adjusted net loss for the year-ago corresponding period was $1.2 million, or $0.04 per diluted share, which excluded charges and credits and the impact of changes in estimates. Conn’s earnings exceeded Wall Street’s expectations for a loss of $0.02 per share.

Conn’s Segment Results

Retail segment – During Q2 FY18, the Company’s total retail revenues were $286.5 million, down 13.8% compared to $332.4 million for Q2 FY17. The decrease in retail revenue was primarily driven by a decrease in same-store sales of 15.1%, partially offset by new store growth. The segment’s sales were negatively impacted by underwriting changes made during FY17, the transition of the Company’s lease-to-own partner and general softness in consumer spending. For the second quarter of the fiscal year 2018, the retail segment’s operating income was $31.3 million.

During Q2 FY18, the retail segment’s Furniture unit volume decreased 24.3%, partially offset by a 12.6% increase in average selling price. The division’s Mattress unit volume decreased dropped 15.9% on a y-o-y basis, partially offset by an 11.3% increase in average selling price.

The retail division’s Home appliance unit volume decreased 12.0% and average selling price decreased 2.0% during Q2 FY18, while its consumer electronics unit volume decreased 21.2%, partially offset by a 2.1% increase in average sales price.

Credit segment – For Q2 FY18, the Credit segment revenues were $80.1 million, up 21.9% compared to $65.7 million for Q2 FY17, primarily the result of originating higher-yield direct loan product, which contributed to the increase in the portfolio yield rate to 18.7% from 14.0%, partially offset by a 4.2% decline in the average balance of the customer receivables portfolio.

The segment’s interest income and fees for the reported quarter included the negative impact of adjustments of $8.2 million because of changes in estimates for allowances for no-interest option credit programs and deferred interest. Excluding the impact of changes in estimates, the yield rate increased 260 basis points from Q2 FY17. The total customer portfolio balance was $1.48 billion on July 31, 2017, down 4.2% compared to $1.54 billion at July 31, 2016.

The Company achieved a credit spread of 390 basis points during Q2 FY18, which was the largest spread in seven quarters. Conn’s provision for bad debts for the Credit segment was $49.3 million for Q2 FY18 compared to $60.1 million for Q2 FY17.

Store Update

During FY18, Conn’s has opened three new Conn’s HomePlus® stores, two of which were opened during Q1 FY18 in North Carolina, and one of which was opened during the current quarter, bringing the total store count to 116. The Company does not intend to open any additional stores in the fiscal year 2018.

Liquidity and Capital Resources

As of July 31, 2017, Conn’s had $130.5 million of immediately available borrowing capacity under its $750.0 million revolving credit facility, with an additional $416.8 million that may become available under the Company’s revolving credit facility if the Company grows the balance of eligible customer receivables and total eligible inventory balances under the borrowing base. The Company also had $35.0 million of unrestricted cash available for use.

Stock Performance

On Wednesday, September 27, 2017, the stock closed the trading session at $24.85, climbing 4.19% from its previous closing price of $23.85. A total volume of 784.94 thousand shares have exchanged hands, which was higher than the 3-month average volume of 565.22 thousand shares. Conn’s stock price skyrocketed 38.83% in the last three months, 174.59% in the past six months, and 129.46% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 96.44%. At Wednesday’s closing price, the stock’s net capitalization stands at $751.71 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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LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Donaldson Co., Inc. (NYSE: DCI), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=DCI, following the Company’s posting of its fourth quarter and fiscal 2017 financial results on September 07, 2017. The maker of filtration systems exceeded revenue estimates and provided guidance for the fiscal year 2018. 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 DCI. 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 31, 2017, Donaldson’s sales increased 11.2% to $660.1 million from $593.8 million in Q4 FY16, reflecting increases in the Engine Products and Industrial Products segments of 17.8% and 0.4%, respectively. The Company’s revenue numbers topped analysts’ estimates of $634.4 million.

Donaldson’s fiscal 2017 sales increased 6.8% to $2.37 billion from $2.22 billion in FY16. Excluding the negative impact from foreign currency translation, the Company’s fiscal 2017 sales increased 7.2%, reflecting an increase of 11.6% in sales of Engine Products, partially offset by a 0.2% decline in Industrial Products.

For Q4 FY17, Donaldson’s GAAP operating income rate was 14.3% compared to 2016 GAAP and adjusted rates of 15.2% and 15.8%, respectively. The Company’s GAAP gross margin was 34.8% in the reported quarter compared to GAAP and adjusted gross margin rates of 35.2% and 35.4%, respectively, in the year-ago same period.

In Q4 FY17, Donaldson’s gross margin was negatively impacted by an unfavorable sales mix of products, higher raw materials costs, and incremental freight charges. These pressures were partially offset by improved absorption of fixed costs on increasing volume. The Company’s GAAP operating expense as a rate of sales was 20.5% in Q4 FY17 compared to the prior year’s GAAP and adjusted rates of 20.1% and 19.6%, respectively. The increase from the prior year was primarily driven by higher variable compensation expense.

Donaldson reported net earnings of $68.2 million, or $0.51 per share, in Q4 FY17 compared to earnings of $59.5 million, or $0.44 per share. The Company’s earnings lagged behind Wall Street’s estimates of $0.53 per share.

For FY17, Donaldson posted net earnings of $232.8 million, or $1.74 per share, compared to $190.8 million, or $1.42 per share, in FY16.

Capital Return

During Q4 FY17, Donaldson repurchased 650,000 shares, or 0.5%, of its common stock at an average price of $46.02 for a total investment of $29.9 million. For FY17, the Company repurchased 3.3 million shares, or 2.5%, of its common stock at an average price of $42.14 for a total investment of $140.4 million. Donaldson paid the fourth quarter and full-year dividends of $22.9 million and $92.4 million, respectively.

Fiscal 2018 Outlook

For FY18, Donaldson is forecasting GAAP EPS between $1.79 and $1.93 compared to GAAP EPS of $1.74 and adjusted EPS of $1.69 in fiscal 2017. The Company is expecting FY18 sales to increase between 4% and 8% on a y-o-y basis, including approximately 2% related to a favorable impact from currency translation and benefits from the acquisitions completed during FY17.

Donaldson’s sales of Engine Products are expected to increase 6% to 10% y-o-y, reflecting growing sales of Aftermarket, Off-Road, and On-Road, partially offset by declining sales of Aerospace and Defense. Fiscal 2018 Industrial Products segment’s sales are expected to be in the range of flat to up 4% from the prior year, reflecting growth in Industrial Filtration Solutions, flat sales of Special Applications, and declining sales of Gas Turbine Systems.

Donaldson expects operating margin in the band of 14.0% and 14.4% in FY18 compared to FY17 operating margin of 13.9%. The Company expects 2018 interest expense of approximately $21 million and other income in the range of $5 million and $9 million.

Donaldson is anticipating FY18 capital expenditures in the range of $80 million to $100 million and cash conversion between 75% and 90%.

The Company plans to repurchase approximately 2% of its outstanding shares in fiscal 2018.

Stock Performance

Donaldson’s share price finished yesterday’s trading session at $45.74, slightly advancing 0.22%. A total volume of 516.98 thousand shares have exchanged hands, which was higher than the 3-month average volume of 415.10 thousand shares. The Company’s stock price surged 0.55% in the last three months, 1.02% in the past six months, and 23.79% in the previous twelve months. Additionally, the stock gained 8.70% since the start of the year. Shares of the Company have a PE ratio of 26.33 and have a dividend yield of 1.57%. The stock currently has a market cap of $5.96 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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PRESS RELEASE PROCEDURES:

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

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

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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: 476545

LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Hawaiian Holdings, Inc. (NASDAQ: HA), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=HA. The Company announced on September 26, 2017, that a new comprehensive partnership agreement has been signed between the Hawaiian Airlines, the flagship airlines under Hawaiian Holdings, and Japan Airlines. The agreement was signed at a ceremony in Tokyo and is expected to take effect from March 25, 2018, subject to regulatory approvals. Once in effect, the partnership will greatly increase the comfort and leisure of travel between the two countries along with extensive code sharing, lounge access, and frequent flyer program sharing. 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 HA. Go directly to your stock of interest and access today’s free coverage at:

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The agreement will result in a detailed partnership in the form of a joint venture to provide wide options, choices, convenience, and extensions to flyers to and from Japan and also to other multiple destinations.

The heads of both airlines declared their delight on entering into this partnership as both airlines embody the hospitality, warmth, and comfort of their respective countries.

Terms of the Agreement

The terms include unlimited access to Japan Airlines’ customers to the Hawaiian landscape and neighbors along with the entire network on the route with non-stop flights between Sapporo and Honolulu. Similarly, Hawaiian Airlines will have access to Japan Airlines’ domestic network to cities like Nagoya, Fukuoka, Sendai, and Aomori. Hawaii’s flights to and from Japan will be offered as new options under the JALPAK – Japan Airlines’ wholly owned subsidiary. JALPAK is a reputable package tour operator in Japan.

Along with this, the loyalty programs of both airlines, JAL Mileage Bank and HawaiianMiles members, will be able to earn miles between code-sharing, and opportunities of accrual and redemption will be explored further.

Hawaiian Airlines plan to relocate to Terminal 2 at Tokyo Narita Airport where guests will have the facility to seamlessly transfer between the carrier networks.

About the Companies

Founded in 1951, Japan Airlines became the first international airline from the country and is a member of the oneworld® alliance with a reach of more than 344 airports in 56 countries and regions with codeshare partners with a modern fleet of more than 227 aircraft. Its loyalty program has 31 million members worldwide.

For its part, Hawaiian Airlines is reported as the world’s most punctual airline, as reported by OAG, and has topped all American airlines in on-time performance for the past 13 years (2004-2016), as reported by the US Department of Transportation. It is now in its 88th year of service and is the biggest and longest-serving airline. Hawaiian Airlines has been voted amongst the top of all domestic airlines servicing Hawaii, as per consumer surveys by Condé Nast Traveler and Travel + Leisure.

Last Close Stock Review

At the close of trading session on Wednesday, September 27, 2017, Hawaiian’s stock price rose 2.54% to end the day at $38.30. A total volume of 1.19 million shares were exchanged during the session, which was above the 3-month average volume of 1.10 million shares. The Company’s shares are trading at a PE ratio of 9.29. At Wednesday’s closing price, the stock’s net capitalization stands at $2.07 billion.

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

PRESS RELEASE PROCEDURES:

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

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

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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: 476547

LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily takes a closer look at Ingredion Inc. (NYSE: INGR) as the Company’s stock will begin trading ex-dividend on September 29, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on September 28, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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

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Dividend Declared

On September 15, 2017, Ingredion’s Board of Directors increased the Company’s quarterly dividend to $0.60 per share on its common stock. The dividend, up from $0.50 per share last quarter, is payable on October 25, 2017, to stockholders of record at the close of business on October 02, 2017.

Ingredion’s indicated dividend represents a yield of 2.00%, which is substantially above the average dividend yield of 1.82% for the Consumer Goods sector. The Company has raised its dividend for four consecutive years.

Dividend Insights

Ingredion has a dividend payout ratio of 31.3%, which indicates that it distributes approximately $0.31 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Ingredion is forecasted to report earnings of $8.22 per share in the coming year, which means that the Company should be able to comfortably cover its annualized dividend of $2.40.

At June 30, 2017, total debt and cash and short-term investments were $1.95 billion and $454 million, respectively, versus $1.96 billion and $516 million, respectively, at December 31, 2016 The Company’s net cash provided by operating activities totaled $302 million for the six months ended June 30, 2017, compared to operating cash flows of $266 million for the six months ended June 30, 2016. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Ingredion

On September 18, 2017, Ingredion announced that its Board of Directors has unanimously selected James P. (Jim) Zallie as the Company’s President and CEO effective January 01, 2018. Ilene Gordon, current CEO, President, and Chairman, will serve as the Company’s Executive Chairman of the Board, a position she will hold until her retirement in July 2018. Zallie will also immediately join Ingredion’s Board.

Commenting on the appointment Gordon said:

“Over the years the Board and I have focused on attracting and retaining top-tier talent and succession planning. After working with Jim for more than seven years, the Board and I are confident that he is absolutely the right choice to lead the company going forward. During his tenure, Jim has been vital to the successful execution of our Strategic Blueprint for Growth. He has been responsible for all four of our business regions as well as the global specialty portfolio that has grown to 26% of Ingredion revenue under his leadership.”

Zallie, currently Executive Vice President global specialties and president – Americas, joined Ingredion in 2010 when the Company acquired National Starch LLC, a $1.2 billion (revenue) leader in specialty starches. Prior to his current role, Zallie was responsible for Ingredion’s operations in Asia/Pacific (APAC) and Europe, Middle-East, and Africa (EMEA) regions along with corporate-wide responsibility for global innovation and operational excellence.

About Ingredion

Ingredion is a leading global ingredient solutions provider with 2016 revenues close to $6 billion. The FORTUNE 500 Company turns grains, fruits, vegetables, and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating brewing and other industries. Serving customers in over 100 countries, its ingredients make crackers crunchy, yogurts creamy, candy sweet, paper stronger, and add fiber to nutrition bars.

Stock Performance

Ingredion’s share price finished yesterday’s trading session at $120.59, slightly up 0.11%. A total volume of 327.12 thousand shares have exchanged hands. The Company’s stock price advanced 3.30% in the last three months. Shares of the Company have a PE ratio of 18.14 and have a dividend yield of 1.99%. The stock currently has a market cap of $8.66 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: 476549