Facebook Instagram Twitter Youtube
Home Blog Page 291

Eye-Catching Stock to Track: Pattern Energy Group Inc. (NASDAQ: PEGI)

By
Ronald Bass
-

SAN FRANCISCO, October 13, 2019 – Shares of Pattern Energy Group Inc. (NASDAQ: PEGI) declined -2.61% to $26.14. The stock traded total volume of 865.136K shares lower than the average volume of 865.60K shares.

Pattern Energy Group Inc. (NASDAQ & TSX: PEGI) reported net loss of $46.0M in the first quarter of 2019, compared to a net loss of $13.0M for the same period last year. The increase of $33.0M in net loss in the quarterly period was primarily attributable to a $24.0M increase in net loss at the operating business segment, mainly due to losses at existing projects, divestitures in 2018, derivative losses and a $10.0M increase in the share of net loss at the development investment segment, which included impairment expense and increased cost of development including legal, professional and related party administrative expense.

Pattern Energy sold 2.115M megawatt hours (“MWh”) of electricity on a proportional basis in the first quarter of 2019, compared to 2.135M MWh sold in the same period last year. The 1% decrease in the quarterly period was primarily due to volume decreases as a result of divestitures in 2018 and unfavorable wind conditions partially offset by volume increases due to acquisitions in 2018 and less curtailment and congestion in the first quarter of 2019.

Adjusted EBITDA decreased 6% to $98.0M for the first quarter of 2019, compared to $104.0M for the same period last year. The $6.0M decrease in the quarterly period was primarily due to decreases of $13.0M due to divestitures in 2018 and $10.0M due to losses at our development investment segment. These decreases in Adjusted EBITDA were partially offset by increases of $16.0M from new projects acquired in 2018 and $2.0M from projects fully operational in both periods.

Cash available for distribution increased 23% to $53.0M for the first quarter of 2019, compared to $43.0M for the same period last year. The $10.0M increase in the quarterly period was primarily due to increases of $9.0M from projects fully operational in both periods and $7.0M from new projects acquired in 2018, partially offset by a decrease of $6.0M due to divestitures in 2018.

PEGI has the market capitalization of $2.54B and its EPS growth ratio for the past five years was 27.40%. The return on assets ratio of the Company was -1.20% while its return on investment ratio stands at -1.10%. Price to sales ratio was 5.01 while 88.30% of the stock was owned by institutional investors.

Stock in Focus: PAR Technology Corporation (NYSE: PAR)

By
Miguel McKinley
-

NEW HARTFORD, N.Y., October 13, 2019 – Shares of PAR Technology Corporation (NYSE: PAR) surged 3.40% to $22.82. The stock grabbed the investor’s attention and traded 136.422K shares as compared to its average daily volume of 217.09K shares. The stock’s institutional ownership stands at 65.20%.

PAR Technology Corporation (PAR) reported a first-quarter loss of $2.70M, after reporting a profit in the same period a year earlier. The New Hartford, New York-based company said it had a loss of 17 cents per share. Losses, adjusted for non-recurring costs, came to 11 cents per share. The software provider for the hospitality industry posted revenue of $44.70M in the period.

PAR has a market value of $370.14M while its EPS was booked as $-1.66 in the last 12 months. The stock has 16.22M shares outstanding. In the profitability analysis, the company has gross profit margin of 18.50% while net profit margin was -14.70%. Beta value of the company was -0.14; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.30.

Worth Watching Stock: Perion Network Ltd. (NASDAQ: PERI)

By
Miguel McKinley
-

TEL AVIV, Israel & New York, October 13, 2019 – Shares of Perion Network Ltd. (NASDAQ: PERI) inclined 1.33% to $4.57. The stock traded total volume of 161.449K shares lower than the average volume of 405.58K shares.

Perion Network Ltd. (PERI) reported 12% decrease in revenues from $60.90M in the first quarter of 2018 to $53.80M in the first quarter of 2019. This decline was primarily a result of a 37% decline in Advertising revenues as a result of the transition from selling formats to holistic solution. Despite of the decline in revenues, our gross margin in the Advertising business increased year over year as we prioritize margins and profitability over sales. Search and other revenues increased 12% in the first quarter of 2019 as a result of the addition of new publishers, higher revenue-per-mile and increased number of searches.

Customer Acquisition Costs and Media Buy (“CAC”): CAC in the first quarter of 2019 were $27.40M, or 51% of revenues, as compared to $31.90M, or 52% of revenues in the first quarter of 2018.

Net Income: On a GAAP basis, net income in the first quarter of 2019 was $1.20M, as compared to a net income of $0.10M in the first quarter of 2018.

Non-GAAP Net Income: In the first quarter of 2019, non-GAAP net income was $3.30M, or 6.0% of revenues, compared to the $3.00M, or 5.0% of revenues, in the first quarter of 2018.

Adjusted EBITDA: In the first quarter of 2019, Adjusted EBITDA was $5.10M, or 9.5% of revenues, compared to $4.30M, or 7.0% of revenues, in the first quarter of 2018.

Cash and Cash Flow from Operations: As of March 31, 2019, cash and cash equivalents and short-term deposit were $45.10M. Cash provided by operations in the first quarter of 2019 was $14.00M, compared to $14.60M in the first quarter of 2018.

Short-term Debt, Long-term Debt and Convertible Debt: As of March 31, 2019, total debt was $31.00M, compared to $40.50M at December 31, 2018.

2019 Guidance:

Management has increased its previously issued Adjusted EBITDA guidance of $22.0M to $24.0M for the full year of 2019 to $24.0M to $26.0M.

PERI has the market capitalization of $117.63M and its EPS growth ratio for the past five years was -37.90%. The return on assets ratio of the Company was 3.20% while its return on investment ratio stands at 6.30%. Price to sales ratio was 0.48 while 24.40% of the stock was owned by institutional investors.

Earnings Results to Track: Pegasystems Inc. (NASDAQ: PEGA)

By
Miguel McKinley
-

CAMBRIDGE, Mass., October 13, 2019 – Shares of Pegasystems Inc. (NASDAQ: PEGA) inclined 2.19% to $75.94. The stock grabbed the investor’s attention and traded 391.758K shares as compared to its average daily volume of 279.41K shares. The stock’s institutional ownership stands at 47.10%.

Pegasystems Inc. (PEGA) reported a first-quarter loss of $28.70M, after reporting a profit in the same period a year earlier. The Cambridge, Massachusetts-based company said it had a loss of 37 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 12 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The business software company posted revenue of $212.50M in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $236.30M.

PEGA has a market value of $5.78B while its EPS was booked as $-0.70 in the last 12 months. The stock has 76.05M shares outstanding. In the profitability analysis, the company has gross profit margin of 65.40% while net profit margin was -5.90%. Beta value of the company was 1.18; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.50.

Earnings Review: Paylocity Holding Corporation (NASDAQ: PCTY)

By
Miguel McKinley
-

SCHAUMBURG, Ill., October 13, 2019 – Shares of Paylocity Holding Corporation (NASDAQ: PCTY) gained 0.43% to $99.11. The stock traded total volume of 214.079K shares lower than the average volume of 368.04K shares.

Paylocity Holding Corporation (PCTY) reported fiscal third-quarter earnings of $28.0M. The Schaumburg, Illinois-based Company said it had net income of 51 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 60 cents per share. The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The provider of cloud-based payroll and human-resources software services posted revenue of $139.60M in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $135.80M. For the current quarter ending in June, Paylocity said it expects revenue in the range of $116.70M to $117.70M. The company expects full-year revenue in the range of $464.0M to $465.0M.

PCTY has the market capitalization of $5.25B and its EPS growth ratio for the past five years was 42.10%. The return on assets ratio of the Company was 3.10% while its return on investment ratio stands at 16.90%. Price to sales ratio was 11.23 while 67.50% of the stock was owned by institutional investors.

1...289290291Page 291 of 291

Latest Articles

UniverseNewsNetwork is an online news platform that has a team of dedicated journalists writing about the latest news stories within a wide range of important industries.
Contact us: editor@universenewsnetwork.com
© UniverseNewsNetwork | 2021