Stock Monitor: American Homes 4 Rent Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 27, 2018 / Active-Investors.com has just released a free research report on Apartment Investment and Management Co. (NYSE: AIV) (“AIMCO”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AIV as the Company’s latest news hit the wire. On February 22, 2018, AIMCO announced the acquisition of the Bent Tree apartment community in Fairfax County, Virginia. The property deal is valued approximately $160 million. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Details of the acquisition

The acquisition is expected to result in an increase in the Adjusted Funds from Operations at $0.01 per share within 12 months of getting complete ownership of the property. The Company plans to divest some of its properties with lower cash flows from rental income and growth prospects. The proposed divested properties would be of an equivalent amount as that of the current acquisition. However, the Company is yet to identify these apartment communities with lower expected free cash flow internal rates of return (FCF IRR) and would depend on the pricing. The Company expects that the FCF IRR of the current acquisition to be more than 300 bps (basis points) as the compared to the FCF IRR of the properties being considered for divestment to fund the acquisition of Bent Tree.

The Company relied on bank borrowings to complete the acquisition of Bent Tree.

Commenting on the acquisition Terry Considine, Chairman and CEO of AIMCO, said:

“We are pleased to add Bent Tree to the AIMCO portfolio, increasing our exposure to the attractive Fairfax County submarket. Located within commuting distance of downtown D.C. and just minutes from Dulles International Airport, Bent Tree offers residents convenient access to employment while also providing comfortable homes and onsite amenities that support their suburban lifestyle.”

About Bent Tree Apartment Community

The Bent Tree Apartment Community is a property with 748 apartment homes and is located at 13630 Bent Tree Circle, on the western outskirts of Washington, D.C., in suburban Fairfax County, Virginia. Bent Tree is near AIMCO’s two other properties which together have 1,000 apartment homes. The community is within a 16-minute drive to the Dulles International Airport while downtown D.C. is less than 25 miles away. The Bent Tree community has a wide selection of apartments ranging from one bedroom and one bath to three bedrooms and 2 bath options. Bent Tree also has amenities like a swimming pool, a fitness center, a clubhouse, a tennis court, a sand volleyball court, a basketball court, and a playground for kids. The Bent Tree community is also pet friendly and has a pet park. The average rent of these apartments is approximately $1,500 per unit. AIMCO believes that Bent Tree falls under the “B” quality community category and has great potential for higher revenues with renovations and enhancements to the units.

About Apartment Investment and Management Co.

Denver, Colorado-based AIMCO is a REIT (real estate investment trust) and is one of the largest owners and operators of apartment homes in US. It provides apartment homes to nearly 250,000 residents. It has ownership interests in 180 communities in 22 states and the District of Columbia. The Company’s business is focused on four areas – Property Operations, Redevelopment and Development, Acquisitions and Dispositions, and Retail Leasing.

The Company recently promoted two of its key executives on February 23, 2018. Patti Fielding the current Executive Vice President – Debt, and Treasurer of the Company has been promoted to the position of President – AIMCO Investment Partners and would head the Company’s investment partnerships. While, Wes Powell the current Senior Vice President – East Redevelopment has been promoted to the position of Executive Vice President – Redevelopment, and he will lead the Company’s redevelopment activities across the nation.

Stock Performance Snapshot

February 26, 2018 – At Monday’s closing bell, Apartment Investment and Management’s stock was marginally up 0.33%, ending the trading session at $39.01.

Volume traded for the day: 740.35 thousand shares.

After yesterday’s close, Apartment Investment and Management’s market cap was at $6.10 billion.

Price to Earnings (P/E) ratio was at 907.21.

The stock has a dividend yield of 3.90%.

The stock is part of the Financial sector, categorized under the REIT – Residential industry. This sector was up 1.1% at the end of the session.

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ReleaseID: 490843

Stock Monitor: Century Aluminum Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 27, 2018 / Active-Investors.com has just released a free earnings report on Arconic Inc. (NYSE: ARNC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ARNC. Arconic reported its fourth quarter fiscal 2017 operating and financial results on February 05, 2018. The engineered and aluminum products Company topped earnings expectation and provided guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

Arconic recorded fourth quarter 2017 revenue of $3.27 billion, up 10% compared to revenue of $3.24 billion, driven by higher volumes across all segments and higher aluminum prices. The Company’s reported numbers exceeded analysts’ estimates of $3.07 billion.

For full year (FY) 2017, Arconic’s revenue grew 5% to $12.96 billion compared to $12.39 billion in FY16, driven by higher volumes across all segments and higher aluminum prices.

During Q4 2017, Arconic’s consolidated adjusted before interest, tax, depreciation, and amortization (EBITDA) was $436 million, up 54% on a y-o-y basis. During Q4 2017 Arconic delivered net cost savings of $68 million, or 2.1% of revenue, and for FY17, net cost savings of $232 million, or 1.8% of revenue.

Net loss attributable to Arconic was $727 million, or $1.51 per share, in Q4 2017 compared to net income of $119 million, or $0.23 per diluted share, in Q4 2016. The Company’s reported quarter results included $879 million in special items, principally due to impairments of goodwill in the forgings and extrusions business and assets in the Latin America extrusions business, the impact of US tax reform, and reduction of liabilities for a contingent earn-out and a separation-related guarantee.

Excluding special items, Arconic’s adjusted net income was $152 million, or $0.31 per share, in Q4 2017 driven by net cost savings and higher volumes, which were partially offset by unfavorable product pricing and mix. The Company’s earnings beat Wall Street’s estimates of $0.24 per share.

For FY17, the Company reported 2017 net loss attributable to Arconic of $74 million, or $0.28 per share, compared to $941 million, or $2.31 per share, in FY16. Excluding the impact of special items, Arconic’s adjusted income was $618 million, or $1.22 per share.

Arconic’s Segment Performance

During Q4 2017, the Engineered Products and Solutions (EP&S) segment’s revenue grew 6% to $1.5 billion on a y-o-y basis. The segment’s adjusted earnings EBITDA was $296 million compared to $265 million in the prior year’s corresponding quarter. EP&S adjusted EBITDA margin was 19.9%, up 110 basis points y-o-y.

For Q4 2017, the Global Rolled Products (GRP) segment’s revenue advanced 15% to $1.24 billion on a y-o-y basis compared to $1.08 billion in Q4 2016. The segment’s adjusted EBITDA was $124 million versus $116 million in the year earlier same quarter, driven by strong automotive volume and net cost savings. GRP’s adjusted EBITDA margin was 10.0% for Q4 2017, down 80 basis points y-o-y, driven by a 160-basis point negative impact of higher aluminum prices.

The Transportation and Construction Solutions (TCS) division delivered revenue of $518 million in Q4 2017, reflecting an increase of 14% compared to revenue of $456 million. The segment’s adjusted EBITDA was $84 million in the reported quarter versus $75 million in the year ago same period, as higher volume and cost reductions more than offset headwinds, including unfavorable price and mix and higher aluminum prices. Adjusted EBITDA margin was 16.2%, down 20 basis points y-o-y.

Cash Matters

During Q4 2017, Arconic’s cash from operations was $612 million and free cash flow was $376 million. In FY17, the Company redeemed $1.25 billion of debt, ending the year with debt of $6.8 billion and cash on hand of $2.15 billion. Arconic’s cash from operations in FY17 was $701 million, while free cash flow was $105 million.

Arconic’s Board of Directors authorized a share repurchase program of up to $500 million of its outstanding common stock and a $500 million early debt reduction.

Arconic stated that it intends to redeem in March 2018 all of its outstanding 5.72% Notes due in 2019 in accordance with the terms of the notes and the Indenture, dated as of September 30, 1993, between Arconic and The Bank of New York Mellon Trust Company, N.A. as trustee. As of February 05, 2018, the aggregate outstanding principal amount of the Notes was $500 million.

Outlook

For FY18, Arconic is forecasting adjusted earnings in the range of $1.45 to $1.55 per share, and revenue of $13.4 billion to $13.7 billion.

Stock Performance Snapshot

February 26, 2018 – At Monday’s closing bell, Arconic’s stock ended the trading session flat at $25.13.

Volume traded for the day: 2.52 million shares.

Stock performance in the previous three-month period – up 5.81%

After yesterday’s close, Arconic’s market cap was at $11.81 billion.

The stock has a dividend yield of 0.96%.

The stock is part of the Basic Materials sector, categorized under the Aluminum industry. This sector was up 0.7% at the end of the session.

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ReleaseID: 490844

Stock Monitor: Cotiviti Holdings Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 27, 2018 / Active-Investors.com has just released a free earnings report on Premier, Inc. (NASDAQ: PINC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PINC. The Company reported its second quarter fiscal 2018 operating and financial results on February 05, 2018. The health care data services Company surpassed top- and bottom-line expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

For the second quarter ended December 31, 2017, Premier generated net revenues of $411.4 million, reflecting an increase of 15% from $358.5 million in Q2 FY17. The Company’s revenue numbers exceeded analysts’ estimates by $18.54 million.

Premier’s net income was $19.77 million in Q2 FY18 compared to $246.2 million in Q2 FY17. In accordance with GAAP, the Company’s net income in Q2 FY18 and Q2 FY17 included non-cash adjustments of $317.9 million and $335.3 million, respectively, to reflect the change in the redemption value of limited partners’ Class B common unit ownership at the end of each period. After these non-cash adjustments, Premier’s net income attributable to stockholders was $0.50 per share compared to $0.46 per share in the reported quarter.

During Q2 FY18, Premier’s non-GAAP adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 9% to $133.5 million from $122.0 million in Q2 FY17. The Company’s adjusted EBITDA growth was primarily driven by growth in net administrative fee revenues, including contributions related to the Innovatix and Essensa acquisition, net of the reduction in equity in net income of unconsolidated affiliates, due to acquiring the remaining 50% of Innovatix, along with an increase in product revenues.

Premier’s GAAP net loss per diluted share was $1.66 in Q2 FY18 compared to a diluted net income per share of $1.50 in Q2 FY17. The Company’s non-GAAP net income increased 7% to $70.0 million from $65.2 million in the year earlier same quarter. The Company’s adjusted fully distributed EPS increased to $0.50 from $0.46 in Q2 FY17.

Segment Results

During Q2 FY18, Premier’s Supply Chain Services segment generated net revenues of $324.9 million, reflecting an increase of 19% from $272.7 million in Q2 FY17, driven by growth in the Company’s group purchasing organization (GPO) and products businesses. GPO net administrative fees revenues grew 23% to $159.3 million on a y-o-y basis, primarily driven by contributions from the Innovatix and Essensa businesses, which were acquired in December 2016. The segment’s Product revenues increased 14% to $162.1 million in Q2 FY18 from $142.4 million in Q2 FY17, attributable to a double-digit growth from both the integrated pharmacy and direct sourcing businesses.

The Supply Chain Services segment’s adjusted EBITDA increased 11% to $132.0 million in Q2 FY18 from $119.0 million in Q2 FY17. The increase largely reflects growth in net administrative fees revenues.

During Q2 FY18, Premier’s Performance Services segment generated net revenues of $86.5 million, representing a 1% increase from $85.9 million in Q2 FY17, primarily due to a growth in the Company’s informatics and technology services business, primarily related to cost management solutions and a growth in ambulatory quality solutions.

The Performance Services segment’s adjusted EBITDA fell 2% to $27.9 million in Q2 FY18 from $28.6 million in Q2 FY17. The growth was impacted by an increase in cost of sales, primarily related to an increase in staffing and costs to support growth and performance-based engagements, and was impacted on a comparable basis due to higher revenue recognition from performance-based engagements in the prior year.

Cash Flows and Liquidity

Premier’s cash provided by operating activities was $206.5 million in H1 FY18 compared to $138.4 million in H1 FY17. The increase in cash flow from operations was primarily driven by an increase in net administrative fees, as well as decreased outflows related to working capital needs. At December 31, 2017, the Company’s cash and cash equivalents totaled $163.0 million compared to $156.7 million at June 30, 2017.

Through December 31, 2017, Premier repurchased approximately 2.6 million shares of Class A common stock for $74.7 million. The repurchases took place under the Company’s ongoing $200.0 million stock repurchase program, which was announced on October 31, 2017, which authorizes shares to be repurchased through June 30, 2018.

The Company’s non-GAAP free cash flow was $122.2 million in H1 FY18 compared to $59.4 million in H1 FY17.

Outlook

For the full fiscal year 2018, Premier is projecting non-GAAP adjusted fully distributed EPS to increase to $2.24 – $2.37.

Stock Performance Snapshot

February 26, 2018 – At Monday’s closing bell, Premier’s stock was slightly up 0.31%, ending the trading session at $32.56.

Volume traded for the day: 713.86 thousand shares.

Stock performance in the previous three-month period – up 14.25%; and past twelve-month period – up 3.89%; and year-to-date – up 11.55%

After yesterday’s close, Premier’s market cap was at $4.37 billion.

The stock is part of the Technology sector, categorized under the Healthcare Information Services industry. This sector was up 1.2% at the end of the session.

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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 info@active-investors.com. Rohit Tuli, a CFA® charterholder (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 A-I. A-I 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

A-I, 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. A-I, 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, A-I, 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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ReleaseID: 490836

Stock Monitor: BioMarin Pharma Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 27, 2018 / Active-Investors.com has just released a free research report on Puma Biotechnology, Inc. (NASDAQ: PBYI) (“Puma Biotech”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PBYI as the Company’s latest news hit the wire. On February 23, 2018, the Company announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) recommended the refusal of the Marketing Authorisation Application (MAA) for the Company’s neratinib for the extended adjuvant treatment of early stage HER2-positive breast cancer. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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The Company may request a re-examination of the opinion. A letter of intent to seek re-examination should be submitted within 15 days of acknowledgement of receipt of the final opinion package. Puma Biotech plans to submit this request in accordance with this timeline.

Puma Biotech Announced Results of CHMP Oral Explanation for Neratinib

On January 23, 2018, the Company announced that the CHMP had communicated a negative trend vote after meeting with the Company to discuss the MAA for neratinib. A negative trend vote meant it was unlikely that CHMP would provide a positive opinion related to the Company’s MAA at the formal CHMP meeting and that additional steps would need to be taken to gain marketing approval in Europe. CHMP’s opinion was based on the results from both the Phase-III ExteNET trial in extended adjuvant early stage HER2-positive breast cancer and the Phase-II CONTROL trial in extended adjuvant early stage HER2-positive breast cancer.

CHMP Approved Drug for Treatment of HER2-Positive Early Stage Breast Cancer

In June 2017, CHMP adopted a positive opinion recommending approval of Novartis’s Kisqali® (ribociclib) in combination with an aromatase inhibitor for treatment of postmenopausal women with hormone receptor positive, human epidermal growth factor receptor-2 negative (HR+/HER2-) locally advanced or metastatic breast cancer as initial endocrine-based therapy.

In September 2017, CHMP adopted a positive opinion recommending granting a marketing authorization for the biosimilar medicinal product of Samsung Bioepis’ trastuzumab (Ontruzant), intended for the treatment of early and metastatic breast cancer, and metastatic gastric cancer. Ontruzant is indicated for the treatment of adult patients with HER2 positive metastatic breast cancer.

About HER2-Positive Breast Cancer

HER2-positive breast cancer is a breast cancer that tests positive for a protein called human epidermal growth factor receptor 2 (HER2), which promotes the growth of cancer cells. Approximately 20% to 25% of breast cancer tumors over-express the HER2 protein. HER2-positive breast cancer is often more aggressive than other types of breast cancer, increasing the risk of disease progression and death.

About NERLYNX® (Neratinib)

NERLYNX® is a kinase inhibitor indicated for the extended adjuvant treatment of adult patients with early-stage HER2 overexpressed/amplified breast cancer, to follow adjuvant trastuzumab-based therapy. The most common adverse reactions of the tablets include diarrhea, nausea, abdominal pain, fatigue, vomiting, rash, stomatitis, decreased appetite, muscle spasms, dyspepsia, AST or ALT increase, nail disorder, dry skin, abdominal distention, epistaxis, weight decreased, and urinary tract infection.

About Puma Biotechnology, Inc.

Founded in 2010 and headquartered in Los Angeles, California, Puma Biotech is a biopharmaceutical company with a focus on in-licensing innovative drug candidates that are undergoing or have already completed initial clinical testing for the treatment of various forms of cancer and then seek to further develop these drug candidates for commercial use.

Stock Performance Snapshot

February 26, 2018 – At Monday’s closing bell, Puma Biotech’s stock slightly declined 0.51%, ending the trading session at $67.90.

Volume traded for the day: 712.38 thousand shares.

Stock performance in the past twelve-month period – up 87.57%

After yesterday’s close, Puma Biotech’s market cap was at $2.47 billion.

The stock is part of the Healthcare sector, categorized under the Biotechnology industry. This sector was up 1.0% at the end of the session.

Active-Investors:

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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 info@active-investors.com. Rohit Tuli, a CFA® charterholder (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 A-I. A-I 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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A-I, 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. A-I, 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, A-I, 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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ReleaseID: 490837

Stock Monitor: Tennant Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 27, 2018 / Active-Investors.com has just released a free earnings report on Regal Beloit Corp. (NYSE: RBC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=RBC. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 05, 2018. The maker of controls for electric motors beat revenue estimates, while its earnings were in-line with market expectations. The Company also provided guidance for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Tennant Company (NYSE: TNC), which also belongs to the Industrial Goods sector as the Company Regal Beloit. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Regal Beloit most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=RBC

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2017, Regal Beloit’s total net sales jumped 8.3% to $820.7 million, and included a positive 1.3% foreign currency translation impact, compared to net sales of $758.1 million in Q4 2016. The Company’s revenue numbers topped analysts’ estimates of $790.3 million.

For the full fiscal year 2017, Regal Beloit reported net sales of $3.36 billion compared to $3.22 billion in FY16.

During Q4 2017, Regal Beloit’s income from operations was $78.3 million compared to $70.1 million in Q4 2016. The Company’s adjusted income from operations was $79.5 million, or 9.7% of net sales, up 20 basis points from the prior year’s same quarter.

Regal Beloit reported a net income of $51.5 million, or $1.15 per diluted share, in Q4 2017 compared to $45.6 million, or $1.01 per diluted share, in Q4 2016. The Company’s reported quarter results included the provisional impact of the US tax reform legislation, which resulted in a $1.0 million decrease in the Provision for Income Taxes and a $0.02 benefit to GAAP diluted earnings per share (EPS). Regal Beloit’s adjusted diluted EPS grew 9.6% to $1.14 in Q4 2017 versus $1.04 in the year earlier comparable quarter. The Company’s earnings numbers met Wall Street’s estimates of $1.14 per share.

For FY17, Regal Beloit reported earnings of $213.0 million, or $4.74 per diluted share, compared to $203.4 million, or $4.52 per diluted share, in FY16. The Company’s adjusted EPS totaled $4.87 in FY17 versus $4.44 in FY16.

Segment Results

During Q4 2017, Regal Beloit’s Commercial and Industrial Systems segment’s net sales advanced 10.4% to $407.7 million compared to $369.2 million in Q4 2016. The segment recorded an organic sales growth rate of 8.7% in the reported quarter, driven by broad-based global end market strength in both the OEM and distribution channels. The segment’s operating margin was 5.9% in Q4 2017. Excluding restructuring and related costs of $1.1 million and a gain on sale of assets of $0.4 million, the segment’s adjusted operating margin was 6.1% in the reported quarter.

For Q4 2017, Regal Beloit’s Climate Solutions segment’s net sales edged up 0.6% to $216.4 million compared to $215.2 million in Q4 2016. The segment’s operating margin was 14.0% in Q4 2017. Excluding restructuring and related costs of $0.5 million, the segment’s adjusted operating margin was 14.3% in the reported quarter.

Regal Beloit’s Power Transmission Solutions segment’s net sales jumped 13.2% to $196.6 million for Q4 2017 compared to $173.7 million in Q4 2016. The segment posted a positive organic sales growth rate of 11.9%, driven by increased demand in the oil & gas and renewable energy end markets, as well as in the distribution channel. The segment’s operating margin was 12.2% in Q4 2017.

Outlook

For the full fiscal year 2018, Regal Beloit is forecasting low- to mid-single digit organic sales growth, while it also expects to improve its adjusted operating margin for the third consecutive year. For FY18, the Company is estimating GAAP diluted EPS in the range of $5.19 to $5.59, and adjusted EPS in the band of $5.35 to $5.75. The difference between the GAAP diluted EPS guidance and the adjusted diluted EPS guidance relates to restructuring and related costs of $0.16 per share.

Stock Performance Snapshot

February 26, 2018 – At Monday’s closing bell, Regal Beloit’s stock advanced 1.49%, ending the trading session at $74.95.

Volume traded for the day: 171.60 thousand shares.

Stock performance in the previous six-month period – up 2.95%

After yesterday’s close, Regal Beloit’s market cap was at $3.33 billion.

Price to Earnings (P/E) ratio was at 15.73.

The stock has a dividend yield of 1.39%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 1.0% at the end of the session.

Active-Investors:

Active-Investors (A-I) 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. A-I 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.

A-I 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 info@active-investors.com. Rohit Tuli, a CFA® charterholder (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 A-I. A-I 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

A-I, 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. A-I, 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, A-I, 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 A-I 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://active-investors.com/legal-disclaimer/.

CONTACT

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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 490838

Stock Monitor: Applied Optoelectronics Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 27, 2018 / Active-Investors.com has just released a free earnings report on Skyworks Solutions, Inc. (NASDAQ: SWKS) (“Skyworks”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SWKS. Skyworks reported financial results for the first quarter ending December 29, 2017 on February 05, 2018. The Company reported record results in Q1 FY18, demonstrating its traction within the increasingly vibrant and profitable mobile and Internet of thing (IoT) ecosystems. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Applied Optoelectronics, Inc. (NASDAQ: AAOI), which also belongs to the Technology sector as the Company Skyworks Solutions. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Skyworks Solutions most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=SWKS

Earnings Highlights and Summary

In the first quarter of 2018 (Q1 FY18), Skyworks generated total revenues of $1.05 billion, up 15.05% from $914.3 million in Q1 FY17. Growth in revenue was driven by strong demand for the Company’s wireless chips and technology that powers IoT. Revenue numbers for Q1 FY18 were in-line with analysts’ estimates.

Skyworks’ cost of goods sold (COGS) hiked 14.37% to $515.1 million in the reported quarter from $450.4 million in the year ago corresponding quarter. The Company’s gross profit advanced 15.71% to $536.8 million y-o-y in Q1 FY18.

Skyworks’ operating expenses were $153.3 million in the quarter under review compared to $142.0 million in the previous year’s same quarter, reflecting an increase of 7.96%. This increase in operating expenses was mainly due to the rise in research and development costs. The Company reported an operating income of $383.5 million in Q1 FY18, up 19.14% from $321.9 million in Q1 FY17. The Company’s operating margin was 36.46% for Q1 FY18, up from 35.21% in Q1 FY17.

Skyworks’ net income dipped 72.69% to $70.4 million in Q1 FY18 from $257.8 million in Q1 FY17. The diluted earnings per share also declined to $0.38 in Q1 FY18 from $1.38 in Q1 FY17, reflecting a change of 72.46%. The reported earnings included a one-time charge of $258 million related to tax on the mandatory deemed repatriation of foreign earnings and a non-cash charge of $18 million related to the revaluation of deferred tax assets and liabilities.

Skyworks’ adjusted earnings per share (EPS) for Q1 FY18, excluding non-recurring and non-core items, was $2.00, an increase of 24.22% from $1.61 in Q1 FY17. The Company’s adjusted EPS was higher than analysts’ consensus estimates of $1.91 per share.

Cash Matters

As on December 29, 2017, Skyworks had cash and cash equivalents of $1.68 billion, up 4% from $1.62 billion as on September 29, 2017. The Company continued to maintain a no-debt balance sheet in the quarter under review.

For the three months ending December 29, 2017, Skyworks’ cash flow from operations was $360.8 million, a decrease of 27.24% from $495.9 million for the three months ending December 30, 2016. The Company incurred a capital expenditure of $28.2 million in the quarter under review compared to a capital expenditure of $50.1 million in the year ago same quarter.

During Q1 FY18, Skyworks paid dividends of $59.1 million. Besides, the Company spent a total of $172.5 million on repurchase of common stock under its stock repurchase program.

Outlook

For the second quarter of 2018 (Q2 FY18), Skyworks expects revenue to increase 6-8% y-o-y, driven by a vibrant, dynamic mobile ecosystem. At the midpoint of approximately $910 million in revenue, the Company expects non-GAAP diluted earnings per share to be up 10% to $1.60 y-o-y.

Skyworks’ Board of Directors authorized a new $1 billion stock repurchase program, led by increased confidence in the business model and outlook. As a result, the Company’s targeted cash return rate to shareholders will increase from the historic range of 40%-50% to 60-75% of free cash flow going forward. The Board of Directors also declared a cash dividend of $0.32 per share of the Company’s common stock, payable on March 15, 2018, to stockholders of record at the close of business on February 22, 2018.

Stock Performance Snapshot

February 26, 2018 – At Monday’s closing bell, Skyworks Solutions’ stock rose 2.00%, ending the trading session at $110.39.

Volume traded for the day: 1.85 million shares.

Stock performance in the last month – up 16.14%; previous three-month period – up 1.70%; past twelve-month period – up 16.57%; and year-to-date – up 16.26%

After yesterday’s close, Skyworks Solutions’ market cap was at $20.21 billion.

Price to Earnings (P/E) ratio was at 18.70.

The stock has a dividend yield of 1.16%.

The stock is part of the Technology sector, categorized under the Semiconductor – Integrated Circuits industry. This sector was up 1.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) 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. A-I 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.

A-I 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 info@active-investors.com. Rohit Tuli, a CFA® charterholder (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 A-I. A-I 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

A-I, 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. A-I, 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, A-I, 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 A-I 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://active-investors.com/legal-disclaimer/.

CONTACT

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

Email: info@active-investors.com
Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 490839

NEW YORK, NY / ACCESSWIRE / February 27, 2018 / AES Corporation (NYSE: AES) will be discussing their earnings results in their Q4 Earnings Call to be held on February 27, 2018 at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/company/2638

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company’s profile.

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SOURCE: Investor Network

ReleaseID: 490420

NEW YORK, NY / ACCESSWIRE / February 27, 2018 / Ituran Location & Control Ltd. (NASDAQ: ITRN) will be discussing their earnings results in their Q4 Earnings Call to be held on February 27, 2018 at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/company/24486

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company’s profile.

About Investor Network

Investor Network (IN) is a 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: 490421