Upcoming AWS Coverage on Huntington Ingalls Industries Post-Earnings Results <\/p>\n
LONDON, UK \/ ACCESSWIRE \/ March 2, 2017 \/ Active Wall St. announces its post-earnings coverage on BE Aerospace, Inc. (NASDAQ: BEAV). The Company released its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on February 10, 2017. The Wellington, Florida-based Company's quarterly revenues registered a 10.8% y-o-y growth, outperforming market consensus estimates. Register with us now for your free membership at: <\/p>\n
http:\/\/www.activewallst.com\/register\/<\/a> <\/p>\n One of BE Aerospace's competitors within the Aerospace\/Defense Products & Services space, Huntington Ingalls Industries, Inc. (NYSE: HII), reports on February 16, 2017, its Q4 and full year 2016 financial results. AWS will be initiating a research report on Huntington Ingalls Industries in the coming days. <\/p>\n Today, AWS is promoting its earnings coverage on BEAV; touching on HII. Get our free coverage by signing up to: <\/p>\n http:\/\/www.activewallst.com\/register\/<\/a> <\/p>\n Earnings Reviewed <\/p>\n For Q4 FY16, B\/E Aerospace reported revenue of $730.4 million compared to $659.2 million recorded at the end of Q4 FY15. Revenue numbers for Q4 FY16 topped the market consensus estimates of $701.3 million. <\/p>\n The aircraft cabin interior products manufacturer's net earnings stood at $60.4 million, or $0.60 per diluted share, in Q4 FY16 compared to $83.4 million, or $0.81 per diluted share, in Q4 FY15. The Company's adjusted net earnings for the reported quarter came in at $80.4 million, or $0.80 per diluted share, versus $78.6 million, or $0.76 per diluted share, in Q4 FY15. Wall Street had also expected the Company to report adjusted net earnings of $0.80 per diluted share. <\/p>\n In FY16, B\/E Aerospace's revenue came in at $2.93 billion compared to $2.73 billion in the previous year's same period. The Company reported net earnings of $311.1 million, or $3.08 per diluted share, in FY16 versus $285.7 million, or $2.73 per diluted share, in FY15. Meanwhile, the Company's adjusted net earnings increased to $331.1 million, or $3.28 per diluted share, in FY16 from $316.4 million, or $3.03 per diluted share, in FY15. <\/p>\n Operational Metrics <\/p>\n During Q4 FY16, B\/E Aerospace's selling, general, and administrative expenses were $90.7 million versus $80.7 million in the prior year's same quarter. The Company spent $73.5 million on research, development, and engineering in Q4 FY16 compared to $58.0 million in the last year's comparable quarter. The Company's operating earnings for Q4 FY16 came in at $108.6 million, or 14.9% of revenues, compared to $124.1 million, or 18.8% of revenues, in Q4 FY15. Additionally, the Company reported adjusted operating earnings of $130.5 million in Q4 FY16 which came in above $124.1 million recorded in the last year's comparable quarter. <\/p>\n Cash Flow & Balance Sheet <\/p>\n During year ended December 31, 2016, net cash provided by operating activities was $306.8 million compared to $310.8 million in the prior year's corresponding period. The Company recorded free cash flow of $277.0 million in full year FY16. At the close of books on December 31, 2016, B\/E Aerospace had $202.0 million in cash and cash equivalents compared to $154.1 million at the close of books on December 31, 2015. The Company's long-term debt stood at $2.04 billion as on December 31, 2016, compared to $2.03 billion as on December 31, 2015. <\/p>\n Dividend <\/p>\n In a separate press release on February 24, 2017, B\/E Aerospace's Board of Directors declared a quarterly dividend of $0.21 per outstanding share of the Company's common stock. The dividend is payable on March 24, 2017, to shareholders of record at the close of business on March 06, 2017. <\/p>\n Merger Update <\/p>\n On October 23, 2016, Rockwell Collins (NYSE:COL) had entered into a definitive agreement to acquire B\/E Aerospace for approximately $6.4 billion in cash and stock, plus the assumption of $1.9 billion in net debt. <\/p>\n In connection with the pending merger transaction, on February 03, 2017, both the companies have filed a registration statement with Securities and Exchange Commission (SEC) on Form S-4 that included a joint proxy statement. The registration statement has been declared effective by the SEC. Furthermore, B\/E Aerospace has arranged for a special meeting of stockholders, scheduled for March 09, 2017, at the Hilton Palm Beach Airport, West Palm Beach, Florida, at 10:00 a.m. <\/p>\n Read More <\/p>\n Stock Performance <\/p>\n On Wednesday, March 01, 2017, BE Aerospace's share price finished the trading session at $64.23, marginally advancing 0.99%. A total volume of 1.21 million shares exchanged hands. The stock has surged 28.30% and 45.55% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 6.71%. The stock is trading at a PE ratio of 20.84 and has a dividend yield of 1.31%. <\/p>\n Active Wall Street: <\/p>\n Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. 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The included information is subject to change without notice. <\/p>\n NOT AN OFFERING <\/p>\n 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 AWS 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:\/\/www.activewallst.com\/disclaimer\/<\/a>. <\/p>\n CONTACT <\/p>\n 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: <\/p>\n Email: info@activewallst.com<\/a> <\/p>\n Phone number: 1-858-257-3144 <\/p>\n Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom <\/p>\n CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute. <\/p>\n SOURCE: Active Wall Street <\/p>\n <\/p>\n Go here to read the rest: <\/p>\n Post Earnings Coverage as B\/E Aerospace's Q4 Results Outshined Forecasts; Provided Merger Updates - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Upcoming AWS Coverage on Huntington Ingalls Industries Post-Earnings Results LONDON, UK \/ ACCESSWIRE \/ March 2, 2017 \/ Active Wall St. announces its post-earnings coverage on BE Aerospace, Inc Continue reading