Analyst’s Review on: Washington Federal Inc (WAFD)

The shares of Washington Federal, Inc. (NASDAQ:WAFD) currently has mean rating of 3.14 while 0 analysts have recommended the shares as “BUY”, 0 recommended as “OUTPERFORM” and 6 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 107.18M by 3 analysts. The means estimate of sales for the year ending September-16 is 428.73M by 3 analysts.

The mean price target for the shares of Washington Federal, Inc. (WAFD) is at 23.83 while the highest price target suggested by the analysts is 26.00 and low price target is 20.00. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Washington Federal, Inc. (WAFD) stands at 0.43 while the EPS for the current year is fixed at 1.70 by 6 analysts.

The next one year’s EPS estimate is set at 1.77 by 1.65 analysts while a year ago the analysts suggested the company’s EPS at 1.70. The analysts also projected the company’s long-term growth at 10.00% for the upcoming five years.

In its latest quarter ended on 31st March 2016, Washington Federal, Inc. (WAFD) reported earnings of $0.45. The posted earnings topped the analyst’s consensus by $0.04 with the surprise factor of 9.80%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On April 14, 2016 Washington Federal, Inc. (WAFD) parent company of Washington Federal, National Association, announced quarterly earnings of $41,723,000 or $0.45 per diluted share, compared to $40,361,000 or $0.42 per diluted share for the quarter ended March 31, 2015, a $0.03 or 7.14% increase in earnings per diluted share. Return on equity for the quarter ended March 31, 2016 was 8.51% compared to 8.29% for the quarter ended March 31, 2015. Return on assets for the quarter ended March 31, 2016 was 1.14% compared to 1.11% for the same quarter in the prior year.

Analyst’s Review on: Entegris, Inc. (ENTG)

The shares of Entegris, Inc. (NASDAQ:ENTG) currently has mean rating of 2.00 while 1 analysts have recommended the shares as “BUY”, 3 recommended as “OUTPERFORM” and 1 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 278.93M by 4 analysts. The means estimate of sales for the year ending Dec-16 is 1.11B by 4 analysts.

The mean price target for the shares of Entegris, Inc. (ENTG) is at 16.30 while the highest price target suggested by the analysts is 16.00 and low price target is 14.50. The mean price target is calculated keeping in view the consensus of 5 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Entegris, Inc. (ENTG) stands at 0.20 while the EPS for the current year is fixed at 0.82 by 5 analysts.

The next one year’s EPS estimate is set at 0.92 by 4 analysts while a year ago the analysts suggested the company’s EPS at 0.82. The analysts also projected the company’s long-term growth at 12.50% for the upcoming five years.

In its latest quarter ended on 31st March 2016, Entegris, Inc. (ENTG) reported earnings of $0.17. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 13.30%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On April 27, 2016 Entegris, Inc. (ENTG) announced its new Aramus™ 2D bag assembly for single-use bioprocessing applications. Available in 500-ml, 1-liter and 2-liter sizes, Aramus assemblies use ultrapure, advanced film technology that is comprised of one fluoropolymer, gamma-stable film in a single layer. The new film provides an increased level of security and protection from particles and eliminates many of the common extractables from traditional single-use bags that can leach into bioprocessing fluids. The new bag – along with associated clamps, tubing and fittings that complete the assembly – represents the first of a future suite of single-use products that Entegris will offer under the Aramus brand.

Analyst’s Keeping an Eye on: Spectrum Pharmaceuticals, Inc. (SPPI)

The shares of Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) currently has mean rating of 2.00 while 1 analysts have recommended the shares as “BUY”, 2 recommended as “OUTPERFORM” and 1 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 30.88M by 4 analysts. The means estimate of sales for the year ending Dec-16 is 131.85M by 4 analysts.

The mean price target for the shares of Spectrum Pharmaceuticals, Inc. (SPPI) is at 9.33 while the highest price target suggested by the analysts is 12.00 and low price target is 6.00. The mean price target is calculated keeping in view the consensus of 3 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Spectrum Pharmaceuticals, Inc. (SPPI) stands at -0.29 while the EPS for the current year is fixed at -1.05 by 4 analysts.

The next one year’s EPS estimate is set at -0.97 by 4 analysts while a year ago the analysts suggested the company’s EPS at -1.05.

In its latest quarter ended on 31st Marh 2016, Spectrum Pharmaceuticals, Inc. (SPPI) reported earnings of $-0.14. The posted earnings topped the analyst’s consensus by $0.18 with the surprise factor of 56.20%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 5, 2016 Spectrum Pharmaceuticals, Inc. (SPPI) announced financial results for the three-month period ended March 31, 2016.

Three-Month Period Ended March 31, 2016 (All numbers are approximate)

GAAP Results

Total product sales were $35.2 million in the first quarter of 2016. Total product sales decreased 8.3% from $38.4 million in the first quarter of 2015.

Product sales in the first quarter included: FUSILEV® (levoleucovorin) net sales of $15.2 million, FOLOTYN® (pralatrexate injection) net sales of $13.3 million, ZEVALIN®(ibritumomab tiuxetan) net sales of $2.8 million, MARQIBO® (vinCRIStine sulfate LIPOSOME injection) net sales of $0.9 million and BELEODAQ® (belinostat for injection) net sales of $3.0 million.

Spectrum recorded net loss of $9.3 million, or $(0.14) per basic and diluted share in the three-month period ended March 31, 2016, compared to net loss of $25.6 million, or $(0.39) per basic and diluted share in the comparable period in 2015. Total research and development expenses were $15.5 million in the quarter, as compared to $15.9 million in the same period in 2015. Selling, general and administrative expenses were $22.0 million in the quarter, compared to $23.3 million in the same period in 2015.

Analyst’s Ratings on: Raven Industries Inc. (RAVN)

The shares of Raven Industries Inc. (NASDAQ:RAVN) currently has mean rating of 3.00 while 0 analysts have recommended the shares as “BUY”, 0 recommended as “OUTPERFORM” and 2 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jul 16 is 67.50M by 1 analysts. The means estimate of sales for the year ending Jan-17 is 262.90M by 1 analysts.

The mean price target for the shares of Raven Industries Inc. (RAVN) is at 16.00 while the highest price target suggested by the analysts is 16.00 and low price target is 16.00. The mean price target is calculated keeping in view the consensus of 1 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Raven Industries Inc. (RAVN) stands at 0.09 while the EPS for the current year is fixed at 0.42 by 1 analysts.

The next one year’s EPS estimate is set at 0.54 by 1 analysts while a year ago the analysts suggested the company’s EPS at 0.42. The analysts also projected the company’s long-term growth at 15.00% for the upcoming five years.

In its latest quarter ended on 30th April 2016, Raven Industries Inc. (RAVN) reported earnings of $0.15. The posted earnings topped the analyst’s consensus by $0.06 with the surprise factor of 66.70%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 24, 2016 Raven Industries Inc. (RAVN) announced that its board of directors has approved a regular quarterly cash dividend of 13 cents per share. The dividend is payable July 22, 2016, to shareholders of record on July 8, 2016.

About Raven Industries, Inc.:

Since 1956, Raven Industries has designed and manufactured high quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance, and unmatched service. Raven realizes its vision by developing innovative solutions to great challenges related to the markets we understand and serve.

Analytical Report: Sigma Designs, Inc. (NASDAQ:SIGM)

Sigma Designs, Inc. (NASDAQ:SIGM) reported earnings for the three months ended April 2016 on June 06, 2016. The company earned $-0.12 per share on revenue of $53.78M. Analysts had been modeling earning per share of $-0.05 with $53.9M in revenue.

Sigma Designs, Inc. (NASDAQ:SIGM) reported financial results for its first quarter of fiscal year 2017, which ended April 30, 2016.

Financial Results

Net revenue for the first quarter of fiscal 2017 was $53.8 million, up $2.3 million, or 4.5%, from $51.5 million reported in the previous quarter, and down $2.1 million, or 3.8%, from $55.9 million reported in the same period in fiscal 2016.

GAAP gross margin in the first quarter of fiscal 2017 was 44.6%. This compares with a GAAP gross margin of 47.6% in the previous quarter, and a GAAP gross margin of 52.5% for the same period in fiscal 2016.

Non-GAAP gross margin in the first quarter of fiscal 2017 was 46.6%. This compares with a non-GAAP gross margin of 49.6% in the previous quarter, and a non-GAAP gross margin of 53.8% for the same period in fiscal 2016. The fluctuation in gross margin is primarily due to the revenue mix being more heavily weighted to the Connected Smart TV Platforms.

GAAP operating expenses in the first quarter of fiscal 2017 were $30.0 million, compared with GAAP operating expenses of $29.7 million in the previous quarter, and GAAP operating expenses of $27.9 million for the same period in fiscal 2016.

Non-GAAP operating expenses in the first quarter of fiscal 2017 were $27.5 million, compared with non-GAAP operating expenses of $27.4 million in the previous quarter, and non-GAAP operating expenses of $25.4 million for the same period in fiscal 2016.

GAAP operating loss in the first quarter of fiscal 2017 was ($6.0) million, compared with a GAAP operating loss of ($5.2) million in the previous quarter, and GAAP operating income of $1.4 million for the same period in fiscal 2016.

Non-GAAP operating loss in the first quarter of fiscal 2017 was ($2.5) million, compared with a non-GAAP operating loss of ($1.9) million in the previous quarter, and non-GAAP operating income of $4.3 million for the same period in fiscal 2016.

GAAP net loss for the first quarter of fiscal 2017 was ($8.1) million, or ($0.22) per share. This compares with a GAAP net loss of ($6.2) million, or ($0.17) per share in the previous quarter, and a GAAP net loss of ($0.4) million, or ($0.01) per share, for the same period in fiscal 2016.

Non-GAAP net loss for the first quarter of fiscal 2017 was ($4.2) million, or ($0.12) per share. This compares with non-GAAP net income of $0.9 million, or $0.02 per diluted share, in the previous quarter, and non-GAAP net income of $3.2 million, or $0.09 per diluted share, for the same period in fiscal 2016.

Sigma Designs, Inc. earnings per share showed an increasing trend of 100.7% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 43%.Analysts project EPS growth over the next 5 years at 20%. It has EPS annual decline over the past 5 fiscal years of -56.9% when sales declined -4.6. It reported -3.8% sales drop, and 0% EPS decline in the last quarter.

The stock is trading at $6.69, up 23.66% from 52-week low of $5.41. The stock trades down -47.32% from its peak of $12.3 and % below the consensus price target of $9.7. Its volume clocked up at 0.29 million shares which is lower than the average volume of 0.37 million shares. Its market capitalization currently stands at $234.57M.

Big Earnings Movers: Actuant Corporation (NYSE:ATU)

Actuant Corporation (NYSE:ATU) reported earnings for the three months ended May 2016 on June 22, 2016. The company earned $0.4 per share on revenue of $305.34M. Analysts had been modeling earning per share of $0.37 with $294.23M in revenue.

Actuant Corporation (NYSE:ATU) announced results for its third quarter ended May 31, 2016.

Highlights

  • Consolidated sales were 5% below the comparable prior year quarter, including a positive 2% impact from acquisitions offset by a 1% decline from the stronger US dollar. Core sales declined 6% on a year-over-year basis (total sales excluding the impact of acquisitions, divestitures and foreign currency exchange rates).
  • GAAP diluted earnings per share (“EPS”) were $0.36 compared to $0.63 in the prior year. Excluding third quarter fiscal 2016 restructuring charges, adjusted EPS was $0.40 (see “Consolidated Results” below and the attached reconciliation of earnings).
  • Restructuring activities continue to proceed as planned with $3.5 million of pre-tax charges ($0.04 per share) incurred in the third quarter related to facility consolidations, structural changes and staffing reductions.
  • Robust free cash flow benefitting from strong working capital management.
  • Repurchased 0.2 million shares of common stock during the quarter for approximately $5 million.
  • Deployed approximately $65 million of capital on a Middle East region pipeline & process services strategic tuck-in acquisition to the Hydratight business.
  • Updated full year sales and adjusted EPS guidance, now expected to be approximately $1.150 billion and $1.20-1.25 per share, respectively (excluding impairment and restructuring charges).

Consolidated Results

Consolidated sales for the third quarter were $305 million, 5% lower than the $320 million in the comparable prior year quarter. Core sales declined 6% while acquisitions added 2% and foreign currency exchange rate changes reduced sales 1%. Fiscal 2016 third quarter net earnings were $21.2 million, or $0.36 per share compared to $38.0 million or $0.63 per share in the comparable prior year period. Excluding fiscal 2016 restructuring costs, third quarter fiscal 2016 adjusted EPS was $0.40 compared to $0.63 in the comparable prior year period (see attached reconciliation of earnings).

Sales for the nine months ended May 31, 2016 were $874 million, 8% lower than the $949 million in the comparable prior year period. Excluding the negative 4% impact of foreign currency rate changes, and 1% benefit from acquisitions, fiscal 2016 year-to-date core sales decreased 5% from the prior year. The fiscal 2016 year-to-date net loss was $122.6 million or $2.08 per share, compared to a net loss of $2.2 million or $0.04 per share in the prior year. Excluding impairment charges in both years, as well as fiscal 2016 year-to-date pre-tax restructuring charges of $11.5 million, or $0.14 per share, fiscal 2016 year-to-date adjusted EPS was $0.92 compared to $1.28 in the comparable prior year period (see attached reconciliation of earnings).

Financial Position

Net debt at May 31, 2016 was $451 million (total debt of $588 million less $137 million of cash). The increase in net debt of approximately $18 million during the quarter was due to $65 million of cash deployed on acquisitions, coupled with $5 million used to repurchase 0.2 million shares of common stock, partially offset by strong third quarter free cash flow. At May 31, 2016, the Company had net leverage of 2.7X for bank reporting purposes.

Actuant Corporation earnings per share showed a decreasing trend of -83.6% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 139%.Analysts project EPS decline over the next 5 years at -0.2%. It has EPS annual decline over the past 5 fiscal years of -19.9% when sales grew 1.5. It reported -12.5% sales drop, and -157% EPS decline in the last quarter.

The stock is trading at $24.9, up 46.3% from 52-week low of $17.02. The stock trades down -10.14% from its peak of $27.71 and % below the consensus price target of $22.71. Its volume clocked up at 1.58 million shares which is higher than the average volume of 0.56 million shares. Its market capitalization currently stands at $1.45B.

Big Earnings Movers: Navistar International Corporation (NYSE:NAV)

Navistar International Corporation (NYSE:NAV) reported earnings for the three months ended April 2016 on June 07, 2016. The company earned $0.05 per share on revenue of $2.2B. Analysts had been modeling earning per share of $-0.16 with $2.18B in revenue.

Navistar International Corporation (NYSE:NAV) announced second quarter 2016 net income of $4 million, or $0.05 per diluted share, compared to a second quarter 2015 net loss of $64 million, or $0.78 per diluted share.

Revenues in the quarter were $2.2 billion, down 18 percent compared to $2.7 billion in the second quarter last year. The decline reflects lower volumes in the company’s Core U.S. and Canadian markets, due to softer industry conditions and the discontinuation of the company’s Blue Diamond Truck (BDT) joint venture in mid-2015, as well as lower engine volumes in Brazil, due to ongoing weak economic conditions in that country. This was partially offset by higher sales in the company’s Parts segment.

Second quarter 2016 EBITDA was $135 million, compared to second quarter 2015 EBITDA of $85 million. This year’s second quarter results included $52 million in adjustments, including $46 million to pre-existing warranty reserves. As a result, second quarter adjusted EBITDA was $187 million, up 83 percent, compared to adjusted EBITDA of $102 million in the comparable period last year. The improvement was driven by continued strong cost management, product cost improvement and record Parts segment profitability.

“For the first time since we launched our turnaround more than three years ago, Navistar reported a quarterly profit,” said Troy A. Clarke, Navistar president and chief executive officer. “Our performance this quarter begins to demonstrate the earnings potential of this company. The fact that we earned a profit despite lower Class 8 truck volumes that impacted the entire industry, underscores the tremendous progress we continue to make in managing our costs effectively and improving our operations.”

The company achieved $56 million in structural cost reductions during the second quarter. Year to date, structural cost reductions are at $113 million. When combined with material spend reductions and manufacturing savings, the company is on track to well exceed its total cost reduction goal of $200 million for 2016.

Navistar ended second quarter 2016 with $817 million in consolidated cash, cash equivalents and marketable securities. Manufacturing cash, cash equivalents and marketable securities were $732 million at the end of the quarter.

The company kicked off the second quarter with the launch of its new HX™ Series of premium vocational trucks. Orders for the HX Series, which is now in production, are already more than 70 percent of what the company expected for the fiscal year. Later in the quarter, the company announced it is adding the Cummins ISL 9-liter engine as an option for its DuraStar and WorkStar models, further expanding its leadership in offering the most comprehensive powertrain options in the industry.

The company also made advances on its connected vehicle leadership during the quarter. OnCommand™ Connection, Navistar’s open-architecture remote diagnostics service, surpassed the 200,000 subscriber mark. OnCommand Connection helps customers achieve significantly improved on-road uptime for their trucks and buses, regardless of make.

Navistar also launched the industry’s first Over-the-Air Programming service, which enables drivers or fleet managers to utilize a mobile interface to initiate engine programming over a safe, secure Wi-Fi connection. This speeds customer access to updated engine calibrations that will deliver superior fuel efficiency and other benefits. Since the end of the quarter, Navistar also announced that it was the first truck OEM to offer Over-the-Air Programming with Cummins engines, including Cummins engines in vehicles not built by International.

Navistar International Corporation earnings per share showed an increasing trend of 70% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 71%.Analysts project EPS growth over the next 5 years at 10%. It has EPS annual decline over the past 5 fiscal years of -22.4% when sales declined -3.5. It reported -18.4% sales drop, and 106.2% EPS growth in the last quarter.

The stock is trading at $13.14, up 127.34% from 52-week low of $5.78. The stock trades down -45.48% from its peak of $23.29 and % below the consensus price target of $13.02. Its volume clocked up at 0.95 million shares which is lower than the average volume of 1.28 million shares. Its market capitalization currently stands at $1.01B.

Earnings Analysis To Watch: Tailored Brands, Inc. (NYSE:TLRD)

Tailored Brands, Inc. (NYSE:TLRD) reported earnings for the three months ended April 2016 on June 08, 2016. The company earned $0.29 per share on revenue of $828.82M. Analysts had been modeling earning per share of $0.44 with $842.25M in revenue.

Tailored Brands, Inc. (NYSE:TLRD) announced consolidated financial results for the fiscal first quarter ended April 30, 2016.

First quarter 2016 GAAP diluted earnings per share (“EPS”) were $0.03 and adjusted diluted EPS was $0.29 excluding certain items.

Doug Ewert, Tailored Brands president and chief executive officer stated, “Our first quarter results were mixed as we navigated the difficult consumer and retail environment and cycled a strong performance in last year’s first quarter.  While our net sales decline of 6.4% was slightly below our expectation, our focus on lowering operating expenses brought operating income and earnings per share in-line with our plan for the quarter.  Men’s Wearhouse reported a modestly below-plan comparable sales decline of 3.5% while our Jos. A. Bank comparable sales decline of 16% was better than our expectation, despite anniversarying significant Buy-One-Get-Three Free events in the same period last year.  On a GAAP basis, retail operating income decreased $15.4 million.   On an adjusted basis, retail operating income decreased $18.2 million driven by an $18.1 million reduction at Jos. A. Bank.  The decline in Jos. A. Bank results was slightly better than the expectations we previously outlined for 2016.

Total net sales decreased 6.4%, or $56.3 million, to $828.8 million.  Retail segment net sales decreased by 7.0%, or $58.0 million.  Corporate apparel sales increased by 2.9% or $1.8 million.

Total gross margin was $351.8 million, a decrease of $29.7 million, or 7.8% due primarily to the decrease in retail segment net sales.  As a percent of sales, total gross margin decreased 66 basis points to 42.5% of net sales primarily due to deleveraging of occupancy costs. Excluding Jos. A. Bank, total gross margin decreased by 15 basis points and retail gross margin decreased 17 basis points.

Advertising expense decreased $2.7 million to $47.9 million but increased slightly by 6 basis points as a percent of sales.

Selling, general and administrative expenses (“SG&A”) decreased $2.7 million to $272.9 million.  As a percent of sales, SG&A increased 179 basis points primarily due to deleveraging from lower sales.

Operating income for the quarter was $31.0 million compared to operating income of $55.3 million last year.

Net interest expense for the first quarter was $26.5 million for both 2016 and 2015.

The effective tax rate for the first quarter was 63.7% for 2016 and 35.8% for 2015.

Net earnings for the quarter were $1.6 million compared to net earnings of $10.4 million last year.  Diluted EPS was $0.03 compared to diluted EPS of $0.21 in the prior year quarter.

Tailored Brands, Inc. earnings per share showed a decreasing trend of -10% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 188%.Analysts project EPS growth over the next 5 years at 8.3%. It has EPS annual decline over the past 5 fiscal years of -7.81% when sales grew 10.7. It reported -6.4% sales drop, and -84.3% EPS decline in the last quarter.

The stock is trading at $12.28, up 26.52% from 52-week low of $9.95. The stock trades down -80.69% from its peak of $65.71 and % below the consensus price target of $16.6. Its volume clocked up at 0.74 million shares which is lower than the average volume of 1.33 million shares. Its market capitalization currently stands at $577.43M.

Earnings Estimates Highlights: Smith & Wesson Holding Corporation (NASDAQ:SWHC)

Smith & Wesson Holding Corporation (NASDAQ:SWHC) reported earnings for the three months ended April 2016 on June 16, 2016. The company earned $0.66 per share on revenue of $221.12M. Analysts had been modeling earning per share of $0.54 with $214.55M in revenue.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) announced financial results for the fiscal fourth quarter and full year ended April 30, 2016.

Fourth Quarter Fiscal 2016 Financial Highlights

  • Quarterly net sales were $221.1 million, an increase of 22.2% over the fourth quarter last year.  Firearms division net sales of $203.7 million increased by 22.4% over the comparable quarter last year.  Accessories division net sales of $17.5 million increased by 19.8% over the comparable quarter last year.
  • Gross margin for the quarter was 41.6% compared with 37.1% for the comparable quarter last year.
  • Quarterly GAAP net income was $35.6 million, or $0.63 per diluted share, compared with $21.9 million, or $0.40 per diluted share, for the comparable quarter last year. Fourth quarter 2016 and 2015 GAAP net income per diluted share included an expense of $1.7 million and $1.5 million, respectively, for amortization, net of tax, related to the Battenfeld Technologies, Inc. (BTI) acquisition.
  • Quarterly non-GAAP net income was $37.4 million, or $0.66 per diluted share, compared with $24.9 million, or $0.45 per diluted share, for the comparable quarter last year.
  • Quarterly non-GAAP Adjusted EBITDAS was $68.7 million, or 31.1% of net sales.

Full Year Fiscal 2016 Financial Highlights

  • Full year net sales totaled $722.9 million, an increase of 31.0% from last year. Firearms division net sales were $657.6 million, an increase of 23.8% from last year.  Accessories division net sales were $65.3 million, an increase from $20.6 million from last year, a year in which the company acquired BTI and therefore reported only five months of accessories division sales in 2015.
  • Full year gross margin was 40.6% compared with 35.3% last year.
  • Full year GAAP income from continuing operations was $94.0 million, or $1.68 per diluted share, compared with $49.8 million, or $0.90 per diluted share, last year.
  • Full year non-GAAP income from continuing operations was $1.83 per diluted share, compared with $1.02 per diluted share last year.
  • Full year non-GAAP Adjusted EBITDAS from continuing operations was $202.4 million, or 28.0% of net sales.

Smith & Wesson Holding Corporation earnings per share showed an increasing trend of 86.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 189%.Analysts project EPS growth over the next 5 years at 15%. It has EPS annual growth over the past 5 fiscal years of 67.6% when sales grew 16.1. It reported 22.2% sales growth, and 58.6% EPS growth in the last quarter.

The stock is trading at $25.33, up 72.2% from 52-week low of $14.71. The stock trades down -16.79% from its peak of $30.44 and % below the consensus price target of $29. Its volume clocked up at 2.27 million shares which is lower than the average volume of 2.43 million shares. Its market capitalization currently stands at $1.43B.

Earnings Estimates Report: Ambarella, Inc. (NASDAQ:AMBA)

Ambarella, Inc. (NASDAQ:AMBA) reported earnings for the three months ended April 2016 on June 02, 2016. The company earned $0.34 per share on revenue of $57.16M. Analysts had been modeling earning per share of $0.28 with $57.01M in revenue.

Ambarella, Inc. (NASDAQ:AMBA) announced financial results for its first quarter of fiscal year 2017 ended April 30, 2016.

  • Revenue for the first quarter of fiscal 2017 was $57.2 million, down 19.5% from $71.0 million in the same period in fiscal 2016.
  • Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2017 was 64.2%, compared with 64.7% for the same period in fiscal 2016.
  • GAAP net income for the first quarter of fiscal 2017 was $1.8 million, or $0.05 per diluted ordinary share, compared with GAAP net income of $18.9 million, or $0.56 per diluted ordinary share, for the same period in fiscal 2016.

Financial results on a non-GAAP basis for the first quarter of fiscal 2017 are as follows:

  • Gross margin on a non-GAAP basis for the first quarter of fiscal 2017 was 64.6%, compared with 64.8% for the same period in fiscal 2016.
  • Non-GAAP net income for the first quarter of fiscal 2017 was $11.4 million, or $0.34 per diluted ordinary share. This compares with non-GAAP net income of $23.7 million, or $0.71 per diluted ordinary share, for the same period in fiscal 2016.

Ambarella reports gross margin, net income and earnings per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information for the first fiscal quarter excludes the impact of stock-based compensation adjusted for the associated tax impact which includes the effect of any benefits or shortfalls recognized. A reconciliation of the GAAP to non-GAAP gross margin, net income and earnings per share numbers for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release.

Stock Repurchase

Ambarella also announced that its Board of Directors has authorized the repurchase of up to $75 million of its ordinary shares over a six month period commencing in the second quarter of fiscal 2017. Repurchases under the program may be made from time-to-time through open market purchases or through privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate the company to acquire any particular amount of ordinary shares, and it may be suspended at any time at the company’s discretion. The repurchase program will be funded using Ambarella’s working capital and any repurchased shares will be available for general corporate purposes.

Ambarella, Inc. earnings per share showed an increasing trend of 44.7% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 290%.Analysts project EPS growth over the next 5 years at 14.5%. It has EPS annual growth over the past 5 fiscal years of 35.5% when sales grew 27.3. It reported -19.4% sales drop, and -90.7% EPS decline in the last quarter.

The stock is trading at $52.31, up 56.66% from 52-week low of $33.39. The stock trades down -59.51% from its peak of $129.19 and % below the consensus price target of $57.63. Its volume clocked up at 1.46 million shares which is higher than the average volume of 1.14 million shares. Its market capitalization currently stands at $1.69B.