Research Desk Line-up: Cintas Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for IHS Markit Ltd (NASDAQ: INFO), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=INFO. The Company announced on September 26, 2017, the acquisition of automotiveMastermind Inc., the leading provider of predictive analysis and marketing automation software for the automation industry. Currently, automotiveMastermind works with dealers across 15 automotive brands, and is headquartered in New York City, with a product innovation hub in San Francisco. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Business Services industry. Pro-TD has currently selected Cintas Corporation (NASDAQ: CTAS) for due-diligence and potential coverage as the Company reported on September 26, 2017, its financial results for Q1 FY18 which ended on August 31, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Cintas 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 INFO; also brushing on CTAS. Go directly to your stock of interest and access today’s free coverage at:

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The Announcement

According to IHR Markit, the automotiveMastermind acquisition opens up a key new market and increases the Company’s presence in the vehicle retail space. It is also an excellent strategic fit, and within its entire portfolio, it would help to fill out the existing offerings by leveraging predictive analytics to enhance buyer experience. The Company now delivers unparalleled insight and analytics across the automotive lifecycle, from vehicle strategy and product planning to vehicle sales, marketing, and repair.

Founded in 2012, automotiveMastermind offers US automotive dealers, behavior prediction analytics software and marketing solutions that improve the vehicle purchase process and results. The Company’s cloud-based strategy helps dealers precisely predict automobile-buying behavior and automate the creation of micro-targeted customer communications, delivering higher sales, and consistent customer retention.

IHR Markit, through its core automotive assets, including CARFAX, delivers global automotive customers a comprehensive suite of information services and analytics. The addition of automotiveMastermind expands the Company’s capabilities and enables it to deliver a powerful set of tools, including data aggregation and analytics-driven by machine learning, to help OEMs and automotive dealers to sell cars more efficiently.

IHS Markit acquired about 78% of automotiveMastermind for a purchase price of about $392 million, which can be increased potentially up to $435 million, subject to underlying business performance. IHS Markit will acquire the remaining 22% of the shares over the next 5 years based on the valuation tied to underlying business performance.

Company Growth Prospects

IHS Markit is a leading critical information, analytics, and expertise provider for major industries and markets that drive the economies of nations. The Company has more than 50,000 key business and government customers, including 85% of the Fortune Global 500 and the world’s leading financial institutions.

Prior to the announcement, on September 26, 2017, the Company declared its Q3 FY17 results for the 3-month period ended August 31, 2017. IHS Markit reported revenues of $905 million, including total organic revenue growth of 5% and normalized organic revenue growth of 4%. The Company reported positive organic revenue growth and margin expansion and made progress towards merger synergy and buyback commitments. For the full-year FY17 ending November 30, 2017, the Company expects revenues to be in the range of $3.490 billion to $3.560 billion, including the total organic growth of 3% to 4%, while adjusted EPS is expected to be in the band of $2.02 to $2.08 per diluted share.

Last Close Stock Review

On Wednesday, September 27, 2017, the stock closed the trading session at $43.96, slightly down 0.36% from its previous closing price of $44.12. A total volume of 7.00 million shares have exchanged hands, which was higher than the 3-month average volume of 2.28 million shares. IHS Markit’s stock price surged 5.88% in the past six months and 23.34% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 24.15%. The stock is trading at a PE ratio of 86.54. At Wednesday’s closing price, the stock’s net capitalization stands at $17.45 billion.

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LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Cabela’s Inc. (NYSE: CAB), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=CAB. Bass Pro Shops announced on September 25, 2017, that it had completed the acquisition of Cabela’s. The merger of Bass Pro Shops and Cabela’s brings together two iconic brands and leading players in the outdoor industry. The merged entity envisions the formation of one of the leading premier outdoor and conservation Company in North America. 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 CAB. Go directly to your stock of interest and access today’s free coverage at:

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Details of the merger transaction

Bass Pro Shops paid Cabela’s shareholders $61.50 in cash for each Cabela’s share that they held. The purchase price values the transaction at approximately $5 billion. As the merger transaction is complete, Cabela’s shares will not be listed for trading on the New York Stock Exchange (NYSE). The merger brings together three premier sporting brands: Bass Pro Shops, a leader in fishing, Cabela’s, a leader in hunting and White River Marine Group, a leader in boating, which is part of Bass Pro Shops, all under one umbrella. The merged Company will have an enviable product portfolio and a wider geographical reach which will greatly benefit outdoor enthusiasts.

In a parallel but separate transaction, as a direct result of the merger, Synovus Bank, a wholly owned subsidiary of Synovus Financial Corp. (NYSE: SNV) has acquired assets and liabilities of Cabela’s wholly owned subsidiary World’s Foremost Bank (WFB) for approximately $1.2 billion. Synovus has already sold the credit card assets and related liabilities of WFB to Capital One Bank (USA), National Association (Capital One), a wholly owned subsidiary of Capital One Financial Corporation (NYSE: COF). Going forward Capital One will be the exclusive issuing partner for Cabela’s CLUB Visa program under a separate 10-year agreement.

Commenting on the occasion, Johnny Morris, noted conservationist and Founder and CEO of Bass Pro Shops, said:

“We are excited to unite these iconic American brands to better serve our loyal customers and fellow outdoor enthusiasts. As we move forward, we are committed to retaining everything customers love about both Bass Pro Shops and Cabela’s by creating a ‘best-of-the-best’ experience that includes the superior products, outstanding customer service, and exceptional value our customers have come to expect.”

History

Bass Pro had first announced the merger agreement with Cabela’s in October 2016 and had offered to pay $65.50 in cash for each Cabela’s share. In April 2017, Cabela’s announced the divestment of the assets and liabilities of its wholly owned bank subsidiary, World’s Foremost Bank to subsidiaries of Synovus and Capital One. Bass Pro and Cabela’s merger agreement was also amended wherein Bass Pro made a revised offer of $61.50 in cash for each Cabela’s share. In May 2017, the Canadian Competition Bureau approved the merger between Bass Pro and Cabela’s, which was followed by the approval of the Federal Trade Commission in July 2017. Cabela’s shareholders also voted in favor of the deal in July 2017, clearing the path for both companies to complete the merger agreement.

The merger brings together two highly complementary businesses with similar passion to serve outdoor enthusiasts and support conservation. While Cabela’s is a leader in hunting, Bass Pro is a leader in fishing. Both Companies are also actively involved in and support conservation efforts.

About Bass Pro Shops

Johnny Morris founded Bass Pro Shops in 1972 in Springfield, Missouri. The privately held Company has grown into leading national retailer of outdoor gear and apparel has more than 100 retail and marine center locations across North America plus world-class resort destinations like Big Cedar Lodge, America’s Premier Wilderness Resort, White River Marine Group the largest manufacturer of boats in the world. The White River Marine Group offers a comprehensive range of broad brands like TRACKER®, SUN TRACKER®, NITRO®, TAHOE®, REGENCY®, MAKO®, RANGER®, TRITON®, STRATOS®, ASCEND® etc.

Bass Pro’s at the Pyramid located on the banks of the Mississippi River is the largest, most dynamic retail destination. The 52-million-cubic-foot facility houses the Big Cypress Lodge. Bass Pro recently opened Wonders of Wildlife National Museum and Aquarium located next to Bass Pro Shops National Headquarters in Springfield, Missouri. The Wonders of Wildlife is a 350,000 square-foot complex and has 35,000 live fish, mammals, reptiles, amphibians, and birds and is the largest and most immersive fish and wildlife attraction in the world.

About Cabela’s

Dick, Mary, and Jim Cabela founded Cabela’s in 1961 in Chappell, Nebraska as a mail order service for outdoor products for hunting, fishing, camping, shooting sports, and related outdoor merchandise. At present, the Company is a leading specialty retailer, and the world’s largest direct marketer of hunting, fishing, camping, and related outdoor merchandise with 89 stores. The Company also has several destination retail stores across the country that range in size from 35,000 square feet to 247,000 square feet. These destination stores provide tourist and entertainment shopping experiences for the entire family and are major tourist attractions.

Last Close Stock Review

On Monday, September 25, 2017, the stock closed the trading session flat at $61.50, with an average volume of 1.31 million shares. Cabela’s stock price soared 6.75% in the last three months, 33.00% in the past six months, and 18.52% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 5.04%. The stock is trading at a PE ratio of 31.87. At Wednesday’s closing price, the stock’s net capitalization stands at $4.24 billion.

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LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Bazaarvoice, Inc. (NASDAQ: BV), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=BV, following the Company’s release of its financial results on September 07, 2017, for the first quarter of the fiscal year 2018. The Company’s total revenue increased 4.1% 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 BV. 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, Bazaarvoice’s total revenue increased 4.1% to $52.16 million from $50.09 million in Q1 FY17. The total revenue surpassed analysts’ expectations of $49.86 million.

During Q1 FY18, the Company’s Software as a Service (SaaS) segment’s revenue increased 3% to $49.3 million on a y-o-y basis. The increase was due to the strong delivery of services and net bookings performance. For the reported quarter, the Company’s advertising segment’s revenue increased 24% to $2.9 million on a y-o-y basis.

During Q1 FY18, Bazaarvoice’s gross profit increased 3.3% to $32.39 million from $31.34 million in Q1 FY17. For the reported quarter, the Company’s gross margin decreased 50 basis points to 62.0% of revenue from 62.5% of revenue in Q1 FY17.

For the reported quarter, the Company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 71.3% to $6.70 million from $3.91 million in Q1 FY17. During Q1 FY18, Bazaarvoice’s adjusted EBITDA margin increased 500 basis points to 12.8% of revenue from 7.8% of revenue in Q1 FY17.

For the reported quarter, Bazaarvoice’s S&M expenses decreased 4.5% to $14.60 million from $15.30 million in Q1 FY17. During Q1 FY18, the Company’s R&D expenses decreased 10.2% to $10.50 million from $11.07 million in Q1 FY17. For the reported quarter, the Company’s G&A expenses increased 3.9% to $8.59 million from $8.26 million in Q1 FY17.

During Q1 FY18, Bazaarvoice’s operating loss was $1.91 million compared to an operating loss of $4.11 million in Q1 FY17.

During Q1 FY18, Bazaarvoice’s net loss was $2.32 million compared to a net loss of $5.11 million in Q1 FY17. For the reported quarter, the Company’s adjusted net income was $3.28 million compared to an adjusted net loss of $188,000 in Q1 FY17. During Q1 FY18, Bazaarvoice’s diluted earnings per share (EPS) was negative $0.03 compared to a negative diluted EPS of $0.06 in Q1 FY17. For the reported quarter, the Company’s adjusted diluted EPS was $0.04 compared to $0.00 in Q1 FY17. The adjusted diluted EPS was in-line with analysts’ expectations.

Balance Sheet

As on July 31, 2017, Bazaarvoice’s cash and cash equivalents decreased 10.4% to $47.02 million from $52.49 million in Q4 FY17.

During Q1 FY18, the Company’s net accounts receivable increased 11.7% to $48.86 million from $43.71 million in Q4 FY17.

For the reported quarter, the Company’s accounts payable decreased 92 basis points to $4.27 million from $4.31 million in Q4 FY17.

During Q1 FY18, Bazaarvoice’s cash provided by operating activities increased 110.8% to $272,000 from $129,000 in Q1 FY17.

For the reported quarter, the Company’s free cash flow was negative $2.06 million compared to negative $2.63 million in Q1 FY17.

Stock Performance

On Wednesday, September 27, 2017, the stock closed the trading session at $5.05, rising 2.02% from its previous closing price of $4.95. A total volume of 388.28 thousand shares have exchanged hands, which was higher than the 3-month average volume of 301.36 thousand shares. Bazaarvoice’s stock price surged 9.78% in the last one month, 4.12% in the past three months, and 16.09% in the previous six months. Furthermore, since the start of the year, shares of the Company have gained 4.12%. The stock currently has a market cap of $423.39 million.

Pro-Trader Daily:

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

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

PRESS RELEASE PROCEDURES:

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

NO WARRANTY

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

NOT AN OFFERING

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

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