Earnings Review and Free Research Report: InterContinental Hotels Reported H1 FY17 Results

Research Desk Line-up: Hyatt Hotels Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on InterContinental Hotels Group PLC (NYSE: IHG), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=IHG, following the Company’s announcement of its financial results on August 08, 2017, for the first half fiscal 2017 (H1 FY17). The Denham, UK-based Company reported a 27% y-o-y growth in its adjusted EPS during HI FY17 on revenue growth of 2% y-o-y. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Lodging industry. Pro-TD has currently selected Hyatt Hotels Corporation (NYSE: H) for due-diligence and potential coverage as the Company reported on August 03, 2017, its financial results for Q2 2017. Register for a free membership today, and be among the early birds that get access to our report on Hyatt Hotels when we publish it.

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Earnings Reviewed

InterContinental Hotels reported net revenue of $857 million in H1 FY17 which came in above the $838 million recorded in H1 FY16. The Company’s fees based revenues were also up by 2% to $686 million in H1 FY17 from $673 million in the prior year’s comparable period.

The multinational hotels Company reported operating profit of $366 million in H1 FY17, rising 8% from $339 million in H1 FY16. InterContinental Hotels’ basic earnings per ordinary share increased to 111.7¢ during the reported period from 87.7¢ in H1 FY16. Furthermore, the Company’s adjusted earnings per ordinary share came in at 113.3¢ for H1 FY17 compared to 89.0¢ in the previous year’s corresponding period.

InterContinental Hotels’ Segment-wise

For H1 FY17, the Americas segment recorded revenues of $499 million, which was 1.8% above the $490 million reported in H1 FY16. The segment reported operating profit before exceptional items of $321 million in H1 FY17 compared to $313 million reported in H1 FY16.

The Company’s Europe segment reported revenues of $113 million in H1 FY17 versus $109 million in H1 FY16. Furthermore, the segment’s operating profit before exceptional items for H1 FY17 came in at $38 million versus $34 million reported in H1 FY16

The Asia, Middle-East, and Africa (AMEA) segment’s revenues came in flat at $115 million during H1 FY17. Meanwhile, the segment’s operating profit before exceptional items increased 5.1% to $41 million in the reported period from $39 million in the last year’s comparable period.

In H1 FY17, the Greater China segment’s revenues were up by 5.5% to $58 million from $55 million in the year ago comparable period. Additionally, the segment’s operating profit before exceptional items rose 15.0% in H1 FY17 to $23 million from $20 million in H1 FY16.

The Central segment’s revenues came in at $72 million for H1 FY17, up 4.3% from $69 million in H1 FY16. Meanwhile, the segment posted operating loss before exceptional items of $53 million in H1 FY17 compared to operating loss before exceptional items of $62 million in H1 FY16.

Cash Flow and Cash Matters

InterContinental Hotels’ net cash from operating activities during the half year ended June 30, 2017, was $251 million compared to $382 million in the previous year’s same period. Moreover, the Company reported free cash flow of $204 million in H1 FY17 compared to $241 million in H1 FY16.

The Company had cash and cash equivalents worth $166 million at the close of its books on June 30, 2017, compared to $206 million as on December 31, 2016. Furthermore, the Company had loans and other borrowings amounting to $2.11 billion as on June 30, 2017, compared to $1.61 billion as on December 31, 2016.

Stock Performance

At the closing bell, on Monday, August 28, 2017, InterContinental Hotels’ stock ended the trading session flat at $49.66. A total volume of 62.32 thousand shares have exchanged hands. The Company’s stock price surged 5.05% in the past six months and 12.90% in the previous twelve months. Moreover, the stock rallied 11.48% since the start of the year. The stock is trading at a PE ratio of 22.28 and has a dividend yield of 1.31%. The stock currently has a market cap of $9.39 billion.

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