Research Desk Line-up: Euronet Worldwide Post Earnings Coverage
LONDON, UK / ACCESSWIRE / October 26, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Alliance Data Systems Corp. (NYSE: ADS) ("Alliance Data"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ADS, following the Company's release of its financial results on October 18, 2017, for the third quarter of the fiscal year 2017. The Company's revenue increased 1% on a y-o-y basis. 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:
Get more of our free earnings reports coverage from other constituents of the Business Services industry. Pro-TD has currently selected Euronet Worldwide, Inc. (NASDAQ: EEFT) for due-diligence and potential coverage as the Company reported on October 19, 2017, its financial results for Q3 2017. Register for a free membership today, and be among the early birds that get access to our report on Euronet Worldwide when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ADS; also brushing on EEFT. With the links below you can directly download the report of your stock of interest free of charge at:
For the three months ended September 30, 2017, Alliance Data's revenue increased 1% to $1.91 billion from $1.89 billion in Q3 FY16. The revenue figures were below analysts' expectations of $1.85 billion.
During Q3 FY17, the Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 9.8% to $621.5 million from $565.7 million in the same period of last year. For the reported quarter, the Company's EBITDA margin increased 240 basis points to 32.4% of revenue from 30% of revenue in Q3 FY16.
For the reported quarter, Alliance Data's D&A expenses decreased 1.8% to $124.3 million from $126.7 million in Q3 FY16. During Q3 FY17, the Company's total operating expenses decreased 2.1% to $1.43 billion from $1.46 billion in the comparable period of last year.
During Q3 FY17, Alliance Data's operating income increased 13.7% to $478.9 million from $421.0 million in Q3 FY16. For the reported quarter, the Company's operating margin increased 270 basis points to 25% of revenue from 22.3% of revenue in Q3 FY16.
For the reported quarter, Alliance Data's net income increased 12.3% to $233.2 million on a y-o-y basis from $207.5 million in Q3 FY16. During Q3 FY17, the Company's adjusted net income increased 7.3% to $297.6 million on a y-o-y basis from $277.2 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 18.3% to $4.20 on a y-o-y basis from $3.55 in the corresponding period of last year. During Q3 FY17, the Company's adjusted diluted EPS increased 12.8% to $5.35 on a y-o-y basis from $4.74 in the same period of last year. The adjusted diluted EPS surpassed analysts' expectations of $5.03.
LoyaltyOne - During Q3 FY17, Alliance Data's LoyaltyOne segment's revenue decreased 20% to $305.2 million from $383.8 million in Q3 FY16. For the reported quarter, the segment's adjusted EBITDA decreased 26% to $61 million from $82.3 million in Q3 FY16.
Epsilon - During Q3 FY17, Alliance Data's Epsilon segment's revenue increased 3% to $558.7 million from $543.2 million in Q3 FY16. For the reported quarter, the segment's adjusted EBITDA decreased 7% to $125 million from $134.8 million in Q3 FY16.
Card Services - During Q3 FY17, Alliance Data's Card Services segment's revenue increased 9% to $1.06 billion from $965.8 million in the comparable period of last year. For the reported quarter, the segment's adjusted EBITDA decreased 20% to $397.3 million from $330.9 million in Q3 FY16.
As on September 30, 2017, Alliance Data's cash and cash equivalents increased 78.8% to $3.33 billion from $1.86 billion as on December 31, 2016. During Q3 FY17, the Company's net credit card and loan receivables decreased 1.2% to $15.41 billion from $15.60 billion in Q4 FY16.
For the reported quarter, Alliance Data's deposits increased 23.6% to $10.37 billion from $8.39 billion in the fourth quarter of 2016. During FY17, the Company's YTD cash provided by operating activities increased 31.3% to $1.78 billion from $1.35 billion in the corresponding period of last year.
On October 19, 2017, the Company's Board of Directors declared a quarterly cash dividend of $0.52 per share on the Company's common stock, payable on December 19, 2017, to stockholders of record at the close of business on November 14, 2017.
For FY17, Alliance Data expects revenue to be $7.8 billion and estimates adjusted diluted EPS to be $18.10.
On Wednesday, October 25, 2017, the stock closed the trading session at $235.82, slipping 1.66% from its previous closing price of $239.80. A total volume of 377.41 thousand shares have exchanged hands. Alliance Data Systems' stock price rallied 7.71% in the last one month and 15.65% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 3.20%. The stock is trading at a PE ratio of 25.01 and has a dividend yield of 0.88%. The stock currently has a market cap of $13.11 billion.
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