Advertisement
U.S. markets open in 5 hours 19 minutes
  • S&P Futures

    5,306.00
    -2.25 (-0.04%)
     
  • Dow Futures

    40,100.00
    -44.00 (-0.11%)
     
  • Nasdaq Futures

    18,513.75
    +10.00 (+0.05%)
     
  • Russell 2000 Futures

    2,134.00
    -4.40 (-0.21%)
     
  • Crude Oil

    81.78
    +0.43 (+0.53%)
     
  • Gold

    2,213.50
    +0.80 (+0.04%)
     
  • Silver

    24.58
    -0.17 (-0.67%)
     
  • EUR/USD

    1.0793
    -0.0036 (-0.33%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    12.95
    +0.17 (+1.33%)
     
  • GBP/USD

    1.2610
    -0.0028 (-0.22%)
     
  • USD/JPY

    151.3660
    +0.1200 (+0.08%)
     
  • Bitcoin USD

    70,560.15
    +671.03 (+0.96%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,931.98
    0.00 (0.00%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Free Research Report as Bob Evans Farms’ Revenue Grew 22.3%; Adjusted EPS Surged 16.7%

Stock Monitor: Sonic Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 08, 2018 / Active-Investors.com has just released a free earnings report on Bob Evans Farms, Inc. (NASDAQ: BOBE) ("Bob Evans"). 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=BOBE. The Company posted its financial results on December 06, 2017, for the second quarter fiscal 2018. The Company's revenue 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 Sonic Corp. (NASDAQ: SONC), which also belongs to the Services sector as the Company Bob Evans Farms. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=SONC

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Bob Evans Farms 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=BOBE

Earnings Highlights and Summary

For three months ended October 27, 2017, Bob Evans' net revenues increased 22.3% to $117.63 million from $96.16 million in Q2 FY17. The increase was primarily due to $9.5 million of sales from the Company's recently acquired Pineland business. The Company's revenues surpassed analysts' expectations of $117.1 million.

For the reported quarter, the Company's gross profit increased 4.3% to $34.71 million from $33.28 million in Q2 FY17. During Q2 FY18, Bob Evans' gross margin decreased 510 basis points to 29.5% of revenue from 34.6% of revenue in Q2 FY17. The decrease was due to increased production costs associated with a new product launch, an increase in average sow prices, and higher trade spend.

During Q2 FY18, Bob Evans' adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 1.9% to $17.69 million from $18.03 million in the same period las year. For the reported quarter, the Company's adjusted EBITDA margin decreased 370 basis points to 15% of revenue from 18.7% of revenue in Q2 FY17.

For the reported quarter, the Company's operating income was $2.64 million compared to operating loss of $4.77 million in Q2 FY17. For the reported quarter, the Company's adjusted operating income decreased 13.2% to $9.89 million from $11.4 million in Q2 FY17. The decrease was due to lower gross profit margin and higher operating expenses. During Q2 FY18, Bob Evans' adjusted operating margin decreased 340 basis points to 8.4% of revenue from 11.8% of revenue in Q2 FY17.

During Q2 FY18, the Company's earnings before tax (EBT) was positive $1.63 million compared to negative $6.10 million in the same period last year.

For the reported quarter, Bob Evans' net income was $2.25 million compared to net loss of $4.13 million in Q2 FY17. During Q2 FY18, the Company's diluted EPS was positive $0.11 compared to negative $0.21 in the same period last year. For the reported quarter, Bob Evans' adjusted net income increased 18.4% to $7.07 million on a y-o-y basis from $5.97 million in Q2 FY17. During Q2 FY18, the Company's adjusted diluted EPS increased 16.7% to $0.35 on a y-o-y basis from $0.30 in the same period last year. Adjusted diluted EPS was in-line with analysts' expectations of $0.35.

Balance Sheet

As on October 27, 2017, Bob Evans' cash and equivalents was $1.44 million compared to $210.89 million on April 28, 2017.

For the reported quarter, the Company's net accounts receivable increased 48.8% to $41.78 million from $28.07 million in Q4 FY17. For the reported quarter, the Company's accounts payable increased 78.8% to $24.00 million from $13.42 million in Q4 FY17.

In H1 FY18, the Company's net cash provided by operating activities was negative $39.16 million compared to positive $11.41 million in the same period last year.

On September 18, 2017, the Company entered into a definitive agreement with Post Holdings, in which the latter company will acquire Bob Evans for $77 per share.

Stock Performance Snapshot

January 05, 2018 - At Friday's closing bell, Bob Evans Farms' stock was marginally down 0.09%, ending the trading session at $77.08.

Volume traded for the day: 377.45 thousand shares, which was above the 3-month average volume of 334.04 thousand shares.

Stock performance in the previous six-month period – up 9.19%; and past twelve-month period – up 66.17%

After last Friday's close, Bob Evans Farms' market cap was at $1.55 billion.

Price to Earnings (P/E) ratio was at 60.12.

The stock has a dividend yield of 1.76%.

The stock is part of the Services sector, categorized under the Restaurants industry. This sector was up 0.9% 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® charter-holder (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

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

Advertisement