Key Highlights from Euronav’s Balance sheet
Crude tanker companies like Euronav, Frontline, Nordic American Tankers, Teekay Tankers, and DHT Holdings are highly leveraged, which makes their balance sheets vital.
On August 8, 2017, KBC Securities reduced its target price for Euronav (EURN) stock to $7.3 from $8.0 and gave it a rating of “accumulate.”
Euronav’s (EURN) operating cash flow in 2Q17 was $59 million, compared with $74 million in the previous quarter.
In 1H17, Euronav’s vessel operating expenses made up ~27% of its total operating expenses, while voyage expenses made up 11%.
Euronav (EURN) recorded revenues of $126 million in 2Q17—lower than the $164 million it recorded in 1Q17.
What Euronav highlighted as positive factors have been overshadowed by one negative factor: order books.
Euronav’s revenues and EBITDA both fell in 2Q17. But the second quarter was challenging for the entire crude tanker industry.
As of August 15, 2017, Advance Auto Parts stock was trading on a bearish note at $87.08.
As of August 15, 2017, Advance Auto Parts’ forward EV-to-EBITDA multiple was 6.6x.
According to the latest data compiled by Thomson Reuters, 56% of analysts covering Advance Auto Parts (AAP) gave it “buy” recommendations.
In 2Q17, AAP’s gross profit stood at $993 million, about 1.7% lower than the $1.0 billion it posted in the second quarter of the previous year.
Advance Auto Parts’ (AAP) 2Q17 results have fueled investors’ worries about possible near-term weakness in the auto parts retail industry.
In 2015 and 2016, US automakers (FXD) such as Ford (F) and General Motors (GM) benefited from higher US truck sales.
Advance Auto Parts (AAP), one of the largest US auto part retailers, released its 2Q17 earnings on August 15, 2017.
As of August 14, JCPenney stock was rated as a “buy” by five out of 23 analysts. Sixteen analysts had a “hold” rating and two analysts had a “sell” rating.
JCPenney’s (JCP) gross margin fell by 200 basis points to 35.1% in fiscal 2Q17—compared to 37.1% in fiscal 2Q16.
JCPenney (JCP) delivered sales of ~$3.0 billion in fiscal 2Q17. The company exceeded consensus analysts’ expectation of $2.8 billion in fiscal 2Q17.
JCPenney’s adjusted loss per share was higher on a year-over-year basis in fiscal 2Q17 due to the impact of inventory liquidation at its closing stores.
On August 11, JCPenney (JCP) stock fell 16.6% after its fiscal 2Q17 results, which ended on July 29, 2017. JCPenney reported a wider-than-expected loss.
Based on the recommendations of 16 brokerage companies, around 63% (or ten) of the analysts provided a “buy” recommendation for Dentsply Sirona.