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Active-Investors: Free Research Report as Ross Stores' Revenue Grew 8% and EPS Surged 16%

Stock Monitor: American Eagle Outfitters Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 28, 2017 / Active-Investors.com has just released a free earnings report on Ross Stores, Inc. (NASDAQ: ROST). 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=ROST. The Company posted its financial results on November 16, 2017, for the third quarter of the fiscal year 2017. The department stores' revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for American Eagle Outfitters, Inc. (NYSE: AEO), which also belongs to the Services sector as the Company Ross Stores. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/'symbol=AEO

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ross Stores 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=ROST

Earnings Highlights and Summary

For the three months ended October 28, 2017, Ross Stores' revenue increased 8% to $3.33 billion from $3.09 billion in Q3 FY16, while its comparable store sales growth was 4%. The Company's revenue numbers surpassed analysts' expectations of $3.26 billion.

During Q3 FY17, the Company had 1,627 stores compared to 1,535 stores in the same period of last year.

During Q3 FY17, Ross Stores' gross profit increased 9% to $959.75 million from $880.60 million in the comparable period of last year. For the reported quarter, the Company's gross margin increased 30 basis points to 28.8% of revenue from 28.5% of revenue in Q3 FY16.

During Q3 FY17, Ross Stores' operating income increased 13.3% to $442.45 million from $390.42 million in the corresponding period of last year. For the reported quarter, the Company's operating margin increased 70 basis points to 13.3% of revenue from 12.6% of revenue in Q3 FY16, due to a combination of higher merchandise margin and leverage on above-plan sales.

During Q3 FY17, Ross Stores' earnings before tax (EBT) increased 14.1% to $440.67 million from $386.27 million in the same period of last year. For the reported quarter, the Company's EBT margin increased 70 basis points to 13.2% of revenue from 12.5% of revenue in Q3 FY16.

For the reported quarter, Ross Stores' net income increased 12.2% to $274.45 million on a y-o-y basis from $244.55 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 16% to $0.72 on a y-o-y basis from $0.62 in the comparable period of last year, surpassing analysts' expectations of $0.67.

Balance Sheet

As on October 28, 2017, Ross Stores' cash and cash equivalents increased 30.2% to $1.14 billion from $878.81 million as on October 29, 2016. For the reported quarter, the Company's long-term debt increased 0.1% to $396.85 million from $396.38 million in Q3 FY16.

For the reported quarter, the Company's accounts receivables increased 12.8% to $103.07 million from $91.36 million in Q3 FY16. For the reported quarter, the Company's accounts payable increased 12.2% to $1.29 billion from $1.15 billion in Q3 FY16.

In the first nine months of 2017, the Company's net cash provided by operating activities increased 13.3% to $1.17 billion from $1.03 billion in the corresponding period of last year.

During Q3 FY17, the Company repurchased 3.6 million shares for a total of $219 million.

On November 15, 2017, the Company's Board of Directors declared a quarterly cash dividend of $.16 per common share, payable on December 29, 2017, to stockholders of record as of December 01, 2017.

Outlook

For Q4 FY17, Ross Stores expects comparable store sales growth to be in the range of 2% - 3%, and estimates diluted EPS to be in the band of $0.88 - $0.92.

For FY17, the Company estimates diluted EPS to be in the range of $3.24 - $3.28.

Stock Performance Snapshot

December 27, 2017 - At Wednesday's closing bell, Ross Stores' stock marginally dropped 0.28%, ending the trading session at $80.73.

Volume traded for the day: 958.00 thousand shares.

Stock performance in the last month - up 13.18%; previous three-month period - up 24.51%; past twelve-month period - up 20.22%; and year-to-date - up 23.06%

After yesterday's close, Ross Stores' market cap was at $30.74 billion.

Price to Earnings (P/E) ratio was at 25.79.

The stock has a dividend yield of 0.79%.

The stock is part of the Services sector, categorized under the Apparel Stores industry. This sector was flat 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

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SOURCE: Active-Investors

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