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Market Profile Strategies - Jabil Inc (NYSE:JBL) Surpasses Wall Street’s Estimates
Dec 30 2023
Market Profile Strategies - Jabil Inc (NYSE:JBL) Surpasses Wall Street’s Estimates
Jabil Inc (NYSE:JBL) stock rose 0.90% (As on Mar 17, 1:15:25 AM UTC-4, Source: Google Finance) after the company posted better than expected result for second quarter of FY 22. The additional upside was mainly driven by the 5G and cloud businesses, while our automotive, healthcare, and retail end markets remain very strong. Core operating income during the quarter was $344 million, an increase of 21% year over year, representing a core operating margin of 4.6%, up 40 basis points over the prior year. The solid year-over-year performance in the DMS segment was broad based, with strength across our healthcare, automotive, and connected devices businesses. Core margin for the segment came in at 5.1%. Revenue for our EMS segment came in at $3.8 billion, an increase of 19% on a year-over-year basis. The stronger year-over-year performance in the EMS segment was also broad based, with strength across the digital print and retail, industrial and semi-cap, and 5G wireless and cloud businesses. JBL in the second quarter of FY 22 has reported the adjusted earnings per share of $1.68, beating the analysts’ estimates for the adjusted earnings per share of $1.48. The company had reported the adjusted revenue growth of 10.6 percent to $7.55 billion in the second quarter of FY 22, beating the analysts’ estimates for revenue of $7.45 billion. For Fiscal 2022, the company anticipates revenues to be $32.6 billion and core earnings to be $7.25 per share. The projections are above the prior expectation of $31.8 billion for revenues and $6.55 per share for core earnings. For third quarter, DMS segment revenue is expected to increase 17% on a year-over-year basis to approximately $4.2 billion, while the EMS segment revenue is expected to increase 11% on a year-over-year basis to approximately $4 billion. The total company expects revenue in the third quarter of fiscal ’22 to be in the range of $7.9 billion to $8.5 billion. Core operating income is estimated to be in the range of $300 million to $360 million, representing a core margin range of 3.8% to 4.2%. At the midpoint, this is an improvement of 20 basis points over the prior year and down sequentially, reflecting planned investments in the Q3 quarter. Core diluted earnings per share is estimated to be in the range of $1.40 to $1.80. GAAP diluted earnings per share is expected to be in the range of $1.24 to $1.64. The company is also expecting double-digit growth from the healthcare, automotive retail, industrial and semi-cap, and 5G wireless and cloud end markets. SOURCE : https://tradertalks-net.translate.goog/s/14000?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jabil Inc (NYSE: JBL) topline grows 8%
Dec 30 2023
Market Profile Strategies - Jabil Inc (NYSE: JBL) topline grows 8%
Jabil Inc (NYSE: JBL) stock fell 0.11% (As on March 17, 11:26:03 AM UTC-4, Source: Google Finance) after the company reported solid second-quarter fiscal 2023 results, beating the bottom- and top-line estimates. Diversified Manufacturing Services (DMS) revenues increased 8% year over year while revenues from Electronics Manufacturing Services (EMS) were up 7%, with both segments contributing about 50% to the total revenues. Non-GAAP operating income aggregated $391 million compared with $344 million in the prior-year period, primarily due to top-line improvement. For the first six months of fiscal 2023, Jabil’s generated $580 million net cash from operating activities compared with $200 million in the prior-year period. As of Feb 28, 2023, the company had $1,200 million in cash and cash equivalents with $2,577 million of notes payable and long-term debt. JBL in the second quarter of FY 23 has reported the adjusted earnings per share of $1.88, beating the analysts’ estimates for the adjusted earnings per share by 4 cents, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 8 percent to $8.13 billion in the second quarter of FY 23, beating the analysts’ estimates for revenue of $8.09 billion. For third-quarter fiscal 2023, Jabil expects revenues to be in the range of $7.9 billion and $8.5 billion. Non-GAAP operating income is estimated in the $363-$423 million range. Management anticipates non-GAAP earnings per share within the band of $1.70-$2.10. Analysts polled by Capital IQ are expecting $1.89. Jabil also said it expects fiscal 2023 revenue of $34.50 billion. Analysts polled by Capital IQ are expecting $34.51 billion. Meanwhile, the company announced that its photonics business unit is expanding its design, manufacturing, and testing capabilities, culminating in the launch of a new Active Optical Cable (AOC) family. As a result, Jabil is uniquely positioned to address the rapid pace of advancements in optics-enabled network and data center architectures while supporting the continuing surge of artificial intelligence (AI), cloud, high-performance computing (HPC), and machine learning (ML) applications. Jabil will be showcasing its advanced photonics solutions at OFC’23 in San Diego (Booth #3425). Through its photonics business unit, Jabil empowers organizations to reduce the complexities of developing and deploying enhanced optical networking solutions by offering complete photonics capabilities and competencies encompassing component design, system assembly, and streamlined supply chain management. To that end, Jabil is expanding its large-scale manufacturing and advanced photonics packaging capabilities, including die bonding, flip chip, ball attachment, and fiber alignment. These extended capabilities complement Jabil’s design and manufacturing of optical modules, subsystems, and photonics solutions. SOURCE : https://tradertalks-net.translate.goog/s/13998?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jabil Inc (NYSE: JBL) topline grows 8%
Dec 30 2023
Market Profile Strategies - Jabil Inc (NYSE: JBL) topline grows 8%
Jabil Inc (NYSE: JBL) stock fell 0.11% (As on March 17, 11:26:03 AM UTC-4, Source: Google Finance) after the company reported solid second-quarter fiscal 2023 results, beating the bottom- and top-line estimates. Diversified Manufacturing Services (DMS) revenues increased 8% year over year while revenues from Electronics Manufacturing Services (EMS) were up 7%, with both segments contributing about 50% to the total revenues. Non-GAAP operating income aggregated $391 million compared with $344 million in the prior-year period, primarily due to top-line improvement. For the first six months of fiscal 2023, Jabil’s generated $580 million net cash from operating activities compared with $200 million in the prior-year period. As of Feb 28, 2023, the company had $1,200 million in cash and cash equivalents with $2,577 million of notes payable and long-term debt. JBL in the second quarter of FY 23 has reported the adjusted earnings per share of $1.88, beating the analysts’ estimates for the adjusted earnings per share by 4 cents, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 8 percent to $8.13 billion in the second quarter of FY 23, beating the analysts’ estimates for revenue of $8.09 billion. For third-quarter fiscal 2023, Jabil expects revenues to be in the range of $7.9 billion and $8.5 billion. Non-GAAP operating income is estimated in the $363-$423 million range. Management anticipates non-GAAP earnings per share within the band of $1.70-$2.10. Analysts polled by Capital IQ are expecting $1.89. Jabil also said it expects fiscal 2023 revenue of $34.50 billion. Analysts polled by Capital IQ are expecting $34.51 billion. Meanwhile, the company announced that its photonics business unit is expanding its design, manufacturing, and testing capabilities, culminating in the launch of a new Active Optical Cable (AOC) family. As a result, Jabil is uniquely positioned to address the rapid pace of advancements in optics-enabled network and data center architectures while supporting the continuing surge of artificial intelligence (AI), cloud, high-performance computing (HPC), and machine learning (ML) applications. Jabil will be showcasing its advanced photonics solutions at OFC’23 in San Diego (Booth #3425). Through its photonics business unit, Jabil empowers organizations to reduce the complexities of developing and deploying enhanced optical networking solutions by offering complete photonics capabilities and competencies encompassing component design, system assembly, and streamlined supply chain management. To that end, Jabil is expanding its large-scale manufacturing and advanced photonics packaging capabilities, including die bonding, flip chip, ball attachment, and fiber alignment. These extended capabilities complement Jabil’s design and manufacturing of optical modules, subsystems, and photonics solutions. SOURCE : https://tradertalks-net.translate.goog/s/13999?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Why Jack in the Box Inc. (NASDAQ: JACK) stock is rising
Dec 30 2023
Market Profile Strategies - Why Jack in the Box Inc. (NASDAQ: JACK) stock is rising
Jack in the Box Inc. (NASDAQ: JACK) stock rose over 3.5% on 16th May, 2019 (As of 10:26 am GMT-4; Source: Google finance) after the company posted mixed results for the second quarter of FY 19. The company completed the sale of Qdoba Restaurant Corporation (“Qdoba”) on March 21, 2018. Earnings from continuing operations were $25.1 million, for the second quarter of fiscal 2019 compared with $25.0 million for the second quarter of fiscal 2018. JACK in the second quarter of FY 19 has reported the adjusted earnings per share of 99 cents, beating the analysts’ estimates for the adjusted earnings per share of 92 cents, according to Zacks Investment Research. The company had reported the adjusted revenue of $215.7 million in the second quarter of FY 19, missing the analysts’ estimates for revenue of $217.4 million. Jack in the Box  system same-store sales grew 0.2 percent for the quarter. Company same-store sales rose 0.6 percent in the second quarter due to average check growth of 2.8 percent, partially offset by a 2.2 percent decrease in transactions. Moreover, Restaurant-Level Margin, a non-GAAP measure, expanded by 120 basis points to 27.6 percent of company restaurant sales in the second quarter of fiscal 2019 from 26.4 percent a year ago. The increase was mainly due to the benefit of refranchising and lower maintenance and repairs expenses, partially offset by wage and commodity inflation. Food and packaging costs, as a percentage of company restaurant sales, declined by 30 basis points in the second quarter as menu price increases and favorable product mix offset higher ingredient costs. Commodity costs rose by 0.7 percent in the second quarter as compared with the prior year. Franchise-Level Margin, a non-GAAP measure, as a percentage of total franchise revenues, was 41.7 percent in the second quarter of fiscal 2019 compared with 59.8 percent in the prior year quarter For FY 19, the company expects System same-store sales to be of approximately flat to up 1.0 percent, tax rate to be of approximately 25.0 to 26.0 percent, Restaurant-Level Margin to be of approximately 26.0 to 27.0 percent of company restaurant sales and SG&A as a percentage of revenues of approximately 8.5 to 9.0 percent. Further, for FY 19, the company expects approximately 25 to 35 new restaurants opening system-wide, capital expenditures to be of approximately $30 to $35 million and adjusted EBITDA to be in the range of approximately $260 to $270 million.   SOURCE : https://tradertalks-net.translate.goog/s/13997?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jack in The Box Inc. (Nasdaq: JACK) stock soars post earnings
Dec 30 2023
Market Profile Strategies - Jack in The Box Inc. (Nasdaq: JACK) stock soars post earnings
Beats Street estimates Jack in The Box Inc. (Nasdaq: Jack) has reported Q2FY17 GAPP EPS of $0.98 and revenues of $369 million beating street estimates of $0.90 and $368.8 million respectively. The company reported quarter earnings of $33.1 million. EPS from continuing operation was $1.09.  Restructuring charges of $2.2 million or $0.04 per diluted share were recorded during the reported quarter. Jack-In-Box same store decreases 0.8% for the quarter. JACK stock rose over 7.8% this morning (as of  10:31AM EDT; Source: Google finance) The management mentioned that the company is making good progress on refranchising initiative with the sale of 60 restaurants in the second quarter. Additionally, the company has signed non-binding letters of intent with franchisees to sell approx. 70 additional restaurants. The company repurchased around 2.23 million of shares of common stock. The company expects capital expenditure of approx. $100 million. Qdoba concern In 2003, the company acquired Qdoba for $45 million for all in cash deal, which has helped Jack to increase its geographic presence, and top-line revenue was also growing. However, in recent quarters, it the company found Qdoba was more of a drag than delight as same-store sales on an annual basis were choppy. The chain has posted 6% and 9.3% growth in 2014 and 2015 respectively but did not fare well in 2016 with meager 1.4%  same-store sales growth. In February 2017, Jack reported same-store sales growth of 3.2% while Qdoba declined 1.4%. In Q2FY17, Qdoba reported a decline of  3.2% as against expectation of 2.% drop and 2.1% gain in corresponding gain. The management said that they have become more apparent since then that the overall valuation of the company is being impacted by having two different business models, As a result, the company has retained Morgan Stanley & Co. LLC to assist the board in its evaluation of potential alternatives with respect to Qdoba as well as other was to enhance shareholder value. Future guidance The management expects Q3FY17  same store sales to move up or down 1% while full year same store sales increased of ~1%.  For full year, the company expects EPS in the range of $4.10 – $4.30 per share. Jack expects impairment and other charges as percentage of revenus of approx. 70 basis points excluding  restructure charges. Market rating The stock has consensus “Strong Buy” rating with consensus target price of $120 per share. The stock is currently trading at dividiend yield of 1.61% and one year forward P/E of 23.38x.   SOURCE : https://tradertalks-net.translate.goog/s/13996?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jack Dorsey Sparks Debate on Coinbase’s Bitcoin Management
Dec 30 2023
Market Profile Strategies - Jack Dorsey Sparks Debate on Coinbase’s Bitcoin Management
Jack Dorsey’s Twitter dispute regarding Coinbase’s apparent management of Bitcoin and the Lightning Network raised issues about the platform’s commitment to innovation. Coinbase CEO Brian Armstrong addressed the concerns by noting that they are actively studying Lightning Network integration and its benefits. He also believed in Bitcoin’s huge payment potential. The Lightning Network solves scalability difficulties and speeds up and lowers Bitcoin transactions as a second-layer protocol. Coinbase’s acknowledgement of its utility shows its commitment to Bitcoin innovation in the industry. Armstrong said that Coinbase has introduced more people to Bitcoin than any other company. This demonstrates their dedication to promoting cryptocurrency acceptance and accessibility in the market. We’re looking into how to best add Lightning. It’s non-trivial, but I think worth doing. I’m all for payments taking off in Bitcoin. Not sure why you think we’re ignoring Bitcoin – we’ve onboarded more people to Bitcoin than probably any company in the world. Let’s build it… https://t.co/9dFGYd6XZt — Brian Armstrong 🛡️ (@brian_armstrong) August 2, 2023 The two chief executive officers of both companies ended their talk in a pleasant tone. They emphasize their support for cryptocurrency partnerships. Coinbase’s pursuit of Lightning Network integration shows its commitment to staying at the top of the cryptocurrency market. Dorsey has attacked Ethereum and Solana’s centralized governance and corporate involvement. He proposes settling Bitcoin transactions using the Lightning Network, which is instant and free. During the Bitcoin memecoin craze in May, when transaction fees exceeded $30, the Lightning Network stopped working and was sluggish. Binance used Bitcoin’s Lightning Network to avoid base layer fee increases, however, withdrawal requests were delayed. In contrast, Coinbase has not yet conformed to the aforementioned trend, despite receiving requests from Bitcoin enthusiasts such as Michael Saylor, the CEO of MicroStrategy. Spiral, Dorsey’s payment startup, created tools to let developers integrate the Lightning Network into their apps. Furthermore, the payment service known as CashApp has already incorporated Lightning, a commonly utilized feature. These discussions and developments highlight the need to balance technological innovation, such as the Lightning Network. It is also global investor demand for stablecoins. The trajectory of Bitcoin transactions in the future will be conditional upon the identification and establishment of a shared foundation among these variables. In conclusion, the discourse underscores the importance of investigating nascent technologies. It includes the Lightning Network to enhance the functionalities of Bitcoin and facilitate its extensive acceptance. Through collaborative efforts and innovative approaches, the community involved in cryptocurrencies has the potential to collaboratively establish a financial environment. It will also feature fairness and equality in the years to come.   SOURCE : https://tradertalks-net.translate.goog/s/13995?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jack Henry & Associates, Inc. (NASDAQ:JKHY) gave weak guidance
Dec 30 2023
Market Profile Strategies - Jack Henry & Associates, Inc. (NASDAQ:JKHY) gave weak guidance
Jack Henry & Associates, Inc. (NASDAQ:JKHY), a well-rounded financial technology company, stock fell 8.44% (As on August 17, 11:19:58 AM UTC-4, Source: Google Finance) after the company reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. The company’s bottom line totaled $80.43 million, compared with $76.86 million, in last year’s fourth quarter. For Q4, core segment revenue increased 8%, payments segment revenue increased 5%, complementary segment revenue increased 9%, and corporate and other segment revenue increased 22%. Adjusted operating margin expanded by 85 bps to 20.9%. Adjusted EBITDA increased by 9.1% Y/Y to $144.53 million, and margin expanded by 30 bps to 30.3%. As of June 30, 2022, cash and cash equivalents totaled $48.8 million. Trade receivables totaled $348.1 million, and the Company had $115 million of borrowings. Jack Henry & Associates repurchased 1.25 million shares of common stock during FY22. JKHY net cash provided by operating activities for FY22 totaled $504.63 million, compared to $462.13 million. Free cash flow was $313.2 9 million. Debt related to the revolving credit line was $115 million at June 30, 2022 and $100 million at June 30, 2021. Moreover, Services and support revenue increased for fourth quarter fiscal 2022 primarily driven by growth in cloud processing revenue of 12.3% and increased implementation fee revenue, partially offset by a decrease in deconversion fees of $3,009. Processing revenue increased for the fourth quarter fiscal 2022 primarily driven by growth in Jack Henry digital revenue of 31.3%, and increased card processing revenue. JKHY in fourth quarter of FY 22 has reported the adjusted earnings per share of $1.10, beating the analysts’ estimates for the adjusted earnings per share of $1. The company had reported the adjusted revenue growth of 8 percent to $477.45 million in the fourth quarter of FY 22, beating the analysts’ estimates for revenue of $480.12 million. The non-GAAP adjusted operating income increased 13% for the fiscal quarter ended June 30, 2022 compared to the prior-year fiscal quarter. JKHY expects GAAP revenue of $2.08 billion to $2.087 billion and GAAP EPS of $5.05 to $5.09, vs. a consensus of $5.23. It expects Non-GAAP revenue of $2.045 billion to $2.052 billion, vs. a consensus of $2.08 billion. On the other hand, the company has recently announced that Mimi Carsley has been named as the company’s chief financial officer (CFO) and treasurer, effective September 1, 2022. SOURCE : https://tradertalks-net.translate.goog/s/13992?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jack Henry & Associates, Inc. (NASDAQ:JKHY) gave weak guidance
Dec 30 2023
Market Profile Strategies - Jack Henry & Associates, Inc. (NASDAQ:JKHY) gave weak guidance
Jack Henry & Associates, Inc. (NASDAQ:JKHY), a well-rounded financial technology company, stock fell 8.44% (As on August 17, 11:19:58 AM UTC-4, Source: Google Finance) after the company reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. The company’s bottom line totaled $80.43 million, compared with $76.86 million, in last year’s fourth quarter. For Q4, core segment revenue increased 8%, payments segment revenue increased 5%, complementary segment revenue increased 9%, and corporate and other segment revenue increased 22%. Adjusted operating margin expanded by 85 bps to 20.9%. Adjusted EBITDA increased by 9.1% Y/Y to $144.53 million, and margin expanded by 30 bps to 30.3%. As of June 30, 2022, cash and cash equivalents totaled $48.8 million. Trade receivables totaled $348.1 million, and the Company had $115 million of borrowings. Jack Henry & Associates repurchased 1.25 million shares of common stock during FY22. JKHY net cash provided by operating activities for FY22 totaled $504.63 million, compared to $462.13 million. Free cash flow was $313.2 9 million. Debt related to the revolving credit line was $115 million at June 30, 2022 and $100 million at June 30, 2021. Moreover, Services and support revenue increased for fourth quarter fiscal 2022 primarily driven by growth in cloud processing revenue of 12.3% and increased implementation fee revenue, partially offset by a decrease in deconversion fees of $3,009. Processing revenue increased for the fourth quarter fiscal 2022 primarily driven by growth in Jack Henry digital revenue of 31.3%, and increased card processing revenue. JKHY in fourth quarter of FY 22 has reported the adjusted earnings per share of $1.10, beating the analysts’ estimates for the adjusted earnings per share of $1. The company had reported the adjusted revenue growth of 8 percent to $477.45 million in the fourth quarter of FY 22, beating the analysts’ estimates for revenue of $480.12 million. The non-GAAP adjusted operating income increased 13% for the fiscal quarter ended June 30, 2022 compared to the prior-year fiscal quarter. JKHY expects GAAP revenue of $2.08 billion to $2.087 billion and GAAP EPS of $5.05 to $5.09, vs. a consensus of $5.23. It expects Non-GAAP revenue of $2.045 billion to $2.052 billion, vs. a consensus of $2.08 billion. On the other hand, the company has recently announced that Mimi Carsley has been named as the company’s chief financial officer (CFO) and treasurer, effective September 1, 2022. SOURCE : https://tradertalks-net.translate.goog/s/13993?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jack Henry & Associates, Inc. (NASDAQ:JKHY) gave weak guidance
Dec 30 2023
Market Profile Strategies - Jack Henry & Associates, Inc. (NASDAQ:JKHY) gave weak guidance
Jack Henry & Associates, Inc. (NASDAQ:JKHY), a well-rounded financial technology company, stock fell 8.44% (As on August 17, 11:19:58 AM UTC-4, Source: Google Finance) after the company reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. The company’s bottom line totaled $80.43 million, compared with $76.86 million, in last year’s fourth quarter. For Q4, core segment revenue increased 8%, payments segment revenue increased 5%, complementary segment revenue increased 9%, and corporate and other segment revenue increased 22%. Adjusted operating margin expanded by 85 bps to 20.9%. Adjusted EBITDA increased by 9.1% Y/Y to $144.53 million, and margin expanded by 30 bps to 30.3%. As of June 30, 2022, cash and cash equivalents totaled $48.8 million. Trade receivables totaled $348.1 million, and the Company had $115 million of borrowings. Jack Henry & Associates repurchased 1.25 million shares of common stock during FY22. JKHY net cash provided by operating activities for FY22 totaled $504.63 million, compared to $462.13 million. Free cash flow was $313.2 9 million. Debt related to the revolving credit line was $115 million at June 30, 2022 and $100 million at June 30, 2021. Moreover, Services and support revenue increased for fourth quarter fiscal 2022 primarily driven by growth in cloud processing revenue of 12.3% and increased implementation fee revenue, partially offset by a decrease in deconversion fees of $3,009. Processing revenue increased for the fourth quarter fiscal 2022 primarily driven by growth in Jack Henry digital revenue of 31.3%, and increased card processing revenue. JKHY in fourth quarter of FY 22 has reported the adjusted earnings per share of $1.10, beating the analysts’ estimates for the adjusted earnings per share of $1. The company had reported the adjusted revenue growth of 8 percent to $477.45 million in the fourth quarter of FY 22, beating the analysts’ estimates for revenue of $480.12 million. The non-GAAP adjusted operating income increased 13% for the fiscal quarter ended June 30, 2022 compared to the prior-year fiscal quarter. JKHY expects GAAP revenue of $2.08 billion to $2.087 billion and GAAP EPS of $5.05 to $5.09, vs. a consensus of $5.23. It expects Non-GAAP revenue of $2.045 billion to $2.052 billion, vs. a consensus of $2.08 billion. On the other hand, the company has recently announced that Mimi Carsley has been named as the company’s chief financial officer (CFO) and treasurer, effective September 1, 2022. SOURCE : https://tradertalks-net.translate.goog/s/13994?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jack in the Box Inc. (NASDAQ: JACK) stock slightly rise on decent outcome
Dec 30 2023
Market Profile Strategies - Jack in the Box Inc. (NASDAQ: JACK) stock slightly rise on decent outcome
Jack in the Box Inc. (NASDAQ: JACK) stock slightly rose over 1.4% in the pre-market session of November 21st, 2019 (as of 8:25 am GMT-5; Source: Google finance) after the company better than expected fourth quarter of FY 19. Jack in the Box has reported net income of $22.1 million compared with net income of $18.3 million in the year-ago period. JACK in the fourth quarter of FY 19 has reported the adjusted earnings per share of 95 cents, while adjusted revenue growth of 25 percent to $221.2 million in the fourth quarter of FY 19. Additionally, the company had repurchased approximately 1.4 million shares of its common stock in the fourth quarter of fiscal 2019 at an average price of $87.33 per share for an aggregate cost of $125.3 million and has also repurchased approximately 0.7 million shares of its common stock quarter-to-date in the first quarter of fiscal 2020. The company currently have about $109 million remaining under share repurchase programs authorized by its Board of Directors that expire in November 2020. On November 15, 2019, the company has authorized an additional $100 million share repurchase program that expires in November 2021 For fiscal 2020, the company expects System same-store sales growth to be in the range of approximately 1.5 to 3.0 percent. Restaurant-Level Margin is expected to be of approximately 25 percent of company restaurant sales, including the expected commodity cost inflation of approximately 4 percent, and high-single-digit wage inflation. SG&A as a percentage of revenues is expected to be in the range of approximately 8.0 to 8.5 percent. G&A as a percentage of system-wide sales is expected to be in the range of approximately 1.7 to 1.9 percent. Approximately 25 to 35 new restaurants is expected to open system-wide, substantially all of which will be franchise locations. 2020 Capital expenditures and tenant improvement allowances is expected to be in the range of approximately $45 to $55 million, collectively, excluding purchases of assets held for sale and leaseback. Tax rate is expected to be in the range of approximately 26 to 27 percent, which will be subject to fluctuations arising from the impact of excess tax benefits from share-based compensation arrangements. Adjusted EBITDA is expected to be in the range of approximately $265 to $275 million. SOURCE : https://tradertalks-net.translate.goog/s/13991?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jacobi Asset Manager Rolls Out Europe’s First Bitcoin ETF
Dec 30 2023
Market Profile Strategies - Jacobi Asset Manager Rolls Out Europe’s First Bitcoin ETF
Jacobi Asset Management has announced plans to launch the first Bitcoin ETF on Euronext Amsterdam. The ETF, called Jacobi Bitcoin ETF, received regulatory approval from the Guersey Financial Services Commission (GFSC) in October 2021. According to the announcement, trading on the Euronext platform will begin in July under the ticker BCOIN. Additionally, Fidelity Digital AssetsSM has been appointed to provide custodial services for the ETF, while DRW and Flow Traders will facilitate trading as market makers. However, independent Dutch law firm Kennedy Van der Laan provided legal support via a regulatory and listing process. “Our goal at Jacobi is to make digital asset investments simpler and more familiar for institutional and professional investors,” Chief Executive Officer of Jacobi Jamie Khurshid, commented. He added that the Jacobi Bitcoin ETF will allow investors to have access to the core performance of the existing asset class through a trusted and well-established investment structure. Khurshid stated that the company is working with all its partners, including Flow Traders and Fidelity Digital Assets. It is a major step for Jacobi Asset Management to be the first to launch a Bitcoin ETF on Euronext Amsterdam. It is also part of the company’s overall strategic goals to provide more innovation to the market. He added that launching the Bitcoin ETF is another milestone for the company’s goal of developing the institutional digital asset space. It is also in response to the increasing demand of institutional investors who are looking for ways to diversify their portfolios by including Bitcoin and other digital assets. Institutional Digital Asset Trader at Flow Traders, Edd Carlton, stated that Flow Traders has been with Jacobi for a long time. He noted that the company has been supporting the adoption and exposure of digital assets with Jacobi, and the company is excited about the latest development. Jacobi Asset Management will be offering European professional and institutional investors access to the Jacobi ETF through a simple investment vehicle, but users are expected to pay a management fee of 1.5% annually. SOURCE : https://tradertalks-net.translate.goog/s/13988?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jacobi Asset Manager Rolls Out Europe’s First Bitcoin ETF
Dec 30 2023
Market Profile Strategies - Jacobi Asset Manager Rolls Out Europe’s First Bitcoin ETF
Jacobi Asset Management has announced plans to launch the first Bitcoin ETF on Euronext Amsterdam. The ETF, called Jacobi Bitcoin ETF, received regulatory approval from the Guersey Financial Services Commission (GFSC) in October 2021. According to the announcement, trading on the Euronext platform will begin in July under the ticker BCOIN. Additionally, Fidelity Digital AssetsSM has been appointed to provide custodial services for the ETF, while DRW and Flow Traders will facilitate trading as market makers. However, independent Dutch law firm Kennedy Van der Laan provided legal support via a regulatory and listing process. “Our goal at Jacobi is to make digital asset investments simpler and more familiar for institutional and professional investors,” Chief Executive Officer of Jacobi Jamie Khurshid, commented. He added that the Jacobi Bitcoin ETF will allow investors to have access to the core performance of the existing asset class through a trusted and well-established investment structure. Khurshid stated that the company is working with all its partners, including Flow Traders and Fidelity Digital Assets. It is a major step for Jacobi Asset Management to be the first to launch a Bitcoin ETF on Euronext Amsterdam. It is also part of the company’s overall strategic goals to provide more innovation to the market. He added that launching the Bitcoin ETF is another milestone for the company’s goal of developing the institutional digital asset space. It is also in response to the increasing demand of institutional investors who are looking for ways to diversify their portfolios by including Bitcoin and other digital assets. Institutional Digital Asset Trader at Flow Traders, Edd Carlton, stated that Flow Traders has been with Jacobi for a long time. He noted that the company has been supporting the adoption and exposure of digital assets with Jacobi, and the company is excited about the latest development. Jacobi Asset Management will be offering European professional and institutional investors access to the Jacobi ETF through a simple investment vehicle, but users are expected to pay a management fee of 1.5% annually. SOURCE : https://tradertalks-net.translate.goog/s/13989?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jacobi Asset Manager Rolls Out Europe’s First Bitcoin ETF
Dec 30 2023
Market Profile Strategies - Jacobi Asset Manager Rolls Out Europe’s First Bitcoin ETF
Jacobi Asset Management has announced plans to launch the first Bitcoin ETF on Euronext Amsterdam. The ETF, called Jacobi Bitcoin ETF, received regulatory approval from the Guersey Financial Services Commission (GFSC) in October 2021. According to the announcement, trading on the Euronext platform will begin in July under the ticker BCOIN. Additionally, Fidelity Digital AssetsSM has been appointed to provide custodial services for the ETF, while DRW and Flow Traders will facilitate trading as market makers. However, independent Dutch law firm Kennedy Van der Laan provided legal support via a regulatory and listing process. “Our goal at Jacobi is to make digital asset investments simpler and more familiar for institutional and professional investors,” Chief Executive Officer of Jacobi Jamie Khurshid, commented. He added that the Jacobi Bitcoin ETF will allow investors to have access to the core performance of the existing asset class through a trusted and well-established investment structure. Khurshid stated that the company is working with all its partners, including Flow Traders and Fidelity Digital Assets. It is a major step for Jacobi Asset Management to be the first to launch a Bitcoin ETF on Euronext Amsterdam. It is also part of the company’s overall strategic goals to provide more innovation to the market. He added that launching the Bitcoin ETF is another milestone for the company’s goal of developing the institutional digital asset space. It is also in response to the increasing demand of institutional investors who are looking for ways to diversify their portfolios by including Bitcoin and other digital assets. Institutional Digital Asset Trader at Flow Traders, Edd Carlton, stated that Flow Traders has been with Jacobi for a long time. He noted that the company has been supporting the adoption and exposure of digital assets with Jacobi, and the company is excited about the latest development. Jacobi Asset Management will be offering European professional and institutional investors access to the Jacobi ETF through a simple investment vehicle, but users are expected to pay a management fee of 1.5% annually. SOURCE : https://tradertalks-net.translate.goog/s/13990?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jacobs Solutions Inc (NYSE:J) Posts Mixed Results
Dec 30 2023
Market Profile Strategies - Jacobs Solutions Inc (NYSE:J) Posts Mixed Results
Jacobs Solutions Inc (NYSE:J) stock fell 1.13% (As on November 22, 11:29:18 AM UTC-4, Source: Google Finance) after the company posted mixed result for the fourth quarter of FY 23. The company is optimistic about the results of the People & Places Solutions business and the building momentum of the data solutions. Looking into fiscal 2024 and beyond, the company is aligned to multiple large, growing and well-funded priorities including global infrastructure modernization, climate response and investments in critical supply chains. Further, the company is committed to delivering on a bold cost optimization plan and targeting at least 300 basis points of margin improvement in fiscal year 2025. J in the fourth quarter of FY 23 has reported the adjusted earnings per share of $1.90, missing the analysts’ estimates for the adjusted earnings per share of $2.02, according to Zacks Investment Research. The company had reported the adjusted revenue growth of 10.5 percent to $4.29 billion in the fourth quarter of FY 23, beating the analysts’ estimates for revenue of $4.14 billion. Cash flow from operations of $219 million and free cash flow of $180 million, driven by strong DSO performance. Backlog increased $1.2 billion to $29.1 billion, up 4% year-over-year. The Company’s outlook for fiscal 2024 adjusted EBITDA is $1,530M to $1,600M and adjusted EPS of $7.70 to $8.20, up 9% and 10% at the midpoints, respectively. On the other hand, on May 9, Jacobs announced its intent to pursue a separation of the Critical Mission Solutions (CMS) business. Jacobs announced yesterday that it has entered into a definitive agreement to separate and combine its Critical Mission Solutions and Cyber & Intelligence (C&I) businesses with Amentum in a tax-efficient Reverse Morris Trust transaction, including a $1.0 billion cash dividend payment to Jacobs. Additionally, Jacobs and its shareholders will own up to 63% of the combined company’s common shares upon consummation of the transaction, consisting of 51% Jacobs’ shareholders ownership and Jacobs retaining 7.5-12%. The exact amount of the retained stake will be determined based on achievement of certain fiscal year 2024 operating profit targets. Jacobs is also expected to realize additional value after closing through the disposition of its retained equity stake in the combined company within 12 months. The transaction is expected to close in the second half of fiscal year 2024. Until closing, CMS and C&I will operate as business units of Jacobs and financial results for the businesses will be reported in continuing operations. SOURCE : https://tradertalks-net.translate.goog/s/13987?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jagged Peak Energy Inc(NYSE: JAG) boosting capital position
Dec 30 2023
Market Profile Strategies - Jagged Peak Energy Inc(NYSE: JAG) boosting capital position
Jagged Peak Energy Inc(NYSE: JAG) in the fourth quarter 2016 has reported the adjusted loss per share of $0.01, missing the analysts’ estimates for the adjusted earnings per share of $0.01. The company has recently raised money through an initial public offer and resulted in the net proceeds of $397.4 million.  The net proceeds will be used to repay the then outstanding balance on the Predecessor’s credit facility of $142.0 million, and the remaining net proceeds will be used to fund a portion of the company’s 2017 capital expenditure program and for other general corporate purposes. In the fourth quarter. Jagged Peak Energy has operated its drilling activity with three rigs. Jagged Peak Energy drilled five gross horizontal wells and completed five gross horizontal wells.  These completions consisted of wells completed in the lower Wolfcamp A formation and one well drilled and completed in the lower Wolfcamp B formation.  In January and March 2017, respectively, Jagged Peak Energy has added a fourth and fifth operated rig and expects to operate a five to six-rig drilling program during the remainder of 2017. Moreover, Jagged Peak Energy  has recently contracted to operate two to four fracturing fleets as needed to complete wells in a timely manner after the completion of drilling operations.  In addition, JAG has a water infrastructure system in place that is capable of supplying fresh water and disposing of produced water as needed to support its anticipated development program. The company continues to reduce drilling times to increase the efficiency of its development program. For 2017, Jagged Peak Energy expects the average daily production of 17,000 to 19,000 Boe/d for 2017, which is an increase of 203% to 238% compared to 2016. The 2017 exit rate (fourth quarter 2017) is expected of 26,000 to 28,000 Boe/d, which is an increase of 304% to 335% compared to fourth quarter 2016. Further, the capital expenditures for oil and gas activities are of $555 to $605 million including $510 to $550 million for drilling and completion expenditures, $15 to $20 million for the construction of water infrastructure assets and $30 to $35 million estimated for leasehold additions. Meanwhile, Jagged Peak Energy has announced that Mr. Gregory S. Hinds, Jagged Peak’s Executive Vice President, Development Planning & Acquisition, has voluntarily resigned from the Company, as of March 13th, 2017, in order to pursue other opportunities. Jagged Peak Energy stock has fallen 16.26% in a year (source: Google Finance). According to tipranks.com, 8 analysts has covered the stock while recommend a “Strong Buy”.  JAG has an average price target of $17.83, which is a further upside of 48.58%. SOURCE : https://tradertalks-net.translate.goog/s/13986?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jaguar Health Inc (NASDAQ: JAGX) stock corrects post a blockbuster rally
Dec 30 2023
Market Profile Strategies - Jaguar Health Inc (NASDAQ: JAGX) stock corrects post a blockbuster rally
Jaguar Health Inc (NASDAQ: JAGX) stock surged 35.92% on June 11th, 2019 (Source: Google finance) after the company’s wholly-owned human-health subsidiary, Napo Pharmaceutical Inc, will receive preclinical services from the federal government to support the development of drug candidate lechlemer to treat cholera. The stock opened gap down today, falling over 9.9% (As of 12 Jun, 9:36 am GMT-4; Source: Google finance) Napo Pharmaceutical Inc produces Lechlemer, which is a drug candidate under the botanical guidance of the US Food and Drug Administration. It is a standardized and proprietary botanical extract that is distinct from mytesi, Napo’s FDA-approved drug. Contractors funded by the National Institute of Allergy and Infectious Diseases will conduct toxicology testing for seven-day rat and dog studies. NIAID is part of the National Institutes of Health. It is expected that Lechlemer will be an effective treatment options for Cholera. This is an acute diarrheal illness that is caused by the bacterium Vibrio cholerae, which infects the intestine. Meanwhile, Lechlemer is still in early stages of development, the candidate comes with incredible market potential. According to the World Health Organization, between 1.3 million and 4 million people will be affected by cholera annually. Unfortunately, more than 100,000 patients per year will die from the ailment. While the condition is generally mild, about 10% of the patient population will experience severe symptoms. This includes profuse diarrhea, vomiting and leg cramps. In this patient population, the rapid loss of body fluids generally leads to dehydration and shock. In fact, many who do not undergo treatment pass away within hours as a result of the symptoms. Further, there are not many treatment options that have been proven effective against cholera. Mytesi, an approved treatment of Jaguar Health, is an option, it is also incredibly expensive to produce, therefore the cost to the patient is high and margins are slim. However, Lechlemer is far less expensive to produce, and may be just as effective, if not moreso. JAGX will be able to benefit from larger margins. So, if Lechlemer gets the approval by the FDA, JAGX and its subsidiary, Napo, could get a blockbuster treatment option. The Company had already presented Phase 2 data previously on crofelemer for the treatment of devastating dehydration in cholera patients from the renowned International Centre for Diarrhoeal Disease Research (icddr,b) in Bangladesh. Napo plans to follow the same study design for lechlemer On the other hand, the company has recently strengthened the balance sheet through the elimination of more than $6 million in promisorry notes and recently restructured debt, long term operations will likely require further fund injections, which likely means dilution ahead. SOURCE : https://tradertalks-net.translate.goog/s/13985?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jaguar land Rover invests in self-driving cars
Dec 30 2023
Market Profile Strategies - Jaguar land Rover invests in self-driving cars
Jaguar land Rover, who is under the ownership of Tata Motors Limited (ADR) (NYSE: TTM) has said that its mobility service business, InMotion Ventures would $25 million in U.S. ride service company Lyft Inc. to help develop and test technology for self-driving cars. This is a strategic investment for both the companies to get innovating new mobility solutions for the customers. Up until now Lyft has mainly focused their attentions on the U.S market but they expect the service to be active in 300 countries by the end of the year. Last week, Jaguar land Rover had predicted that self-driving cars could be on British roads within 15 years, which could mean people born today never have to learn to drive. InMotion will also supply Lyft with a fleet of Jaguar and Land Rover vehicles and this investment follows InMotion’s recent seed investment in SPLT, the Detroit-based digital carpool business, which works with Lyft to provide non-emergency medical transport. The investment shows that the automakers are hedging their bets in the competitive ride-hailing market. Tata Group, which owns Tata Motors and Jaguar, previously invested at least $100 million in Uber, and they formed a financing partnership in India last year. InMotion Ventures was set up last year to invest in new transport technologies. Jaguar land Rover has been testing its autonomous research vehicles on a 44-mile stretch near its Coventry headquarters. There has been increased interest in mobility companies such as Uber and Lyft after it has been predicted that personal car ownership will decline and ride-sharing will become more prolific. Further, the auto industry and technology companies are competing to develop self-driving technology, which in the years to come is expected to transform transportation by cutting costs of ride services and changing the way people buy and sell cars. The Uber rival would also offer with a fleet of vehicles by JLR to test the driverless technology on. This is not the first time the automaker has joined forces with Lyft to work on this technology with General Motorists and Google’s autonomous car maker Waymo previously doing so. Lyft has previously worked with General Motors and Google’s autonomous car manufacturer Waymo on self-driving vehicles. General Motors Co., which is a major Lyft investor and partner, started working with Uber last year on car-sharing after rolling out a similar program with Lyft. Meanwhile, Uber has allies of its own and has agreements with Daimler AG and Volvo Cars on autonomous technology. It has also spent hundreds of millions on self-driving technology developed in-house, which is currently being tested with customers on public roads. SOURCE : https://tradertalks-net.translate.goog/s/13983?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jaguar land Rover invests in self-driving cars
Dec 30 2023
Market Profile Strategies - Jaguar land Rover invests in self-driving cars
Jaguar land Rover, who is under the ownership of Tata Motors Limited (ADR) (NYSE: TTM) has said that its mobility service business, InMotion Ventures would $25 million in U.S. ride service company Lyft Inc. to help develop and test technology for self-driving cars. This is a strategic investment for both the companies to get innovating new mobility solutions for the customers. Up until now Lyft has mainly focused their attentions on the U.S market but they expect the service to be active in 300 countries by the end of the year. Last week, Jaguar land Rover had predicted that self-driving cars could be on British roads within 15 years, which could mean people born today never have to learn to drive. InMotion will also supply Lyft with a fleet of Jaguar and Land Rover vehicles and this investment follows InMotion’s recent seed investment in SPLT, the Detroit-based digital carpool business, which works with Lyft to provide non-emergency medical transport. The investment shows that the automakers are hedging their bets in the competitive ride-hailing market. Tata Group, which owns Tata Motors and Jaguar, previously invested at least $100 million in Uber, and they formed a financing partnership in India last year. InMotion Ventures was set up last year to invest in new transport technologies. Jaguar land Rover has been testing its autonomous research vehicles on a 44-mile stretch near its Coventry headquarters. There has been increased interest in mobility companies such as Uber and Lyft after it has been predicted that personal car ownership will decline and ride-sharing will become more prolific. Further, the auto industry and technology companies are competing to develop self-driving technology, which in the years to come is expected to transform transportation by cutting costs of ride services and changing the way people buy and sell cars. The Uber rival would also offer with a fleet of vehicles by JLR to test the driverless technology on. This is not the first time the automaker has joined forces with Lyft to work on this technology with General Motorists and Google’s autonomous car maker Waymo previously doing so. Lyft has previously worked with General Motors and Google’s autonomous car manufacturer Waymo on self-driving vehicles. General Motors Co., which is a major Lyft investor and partner, started working with Uber last year on car-sharing after rolling out a similar program with Lyft. Meanwhile, Uber has allies of its own and has agreements with Daimler AG and Volvo Cars on autonomous technology. It has also spent hundreds of millions on self-driving technology developed in-house, which is currently being tested with customers on public roads. SOURCE : https://tradertalks-net.translate.goog/s/13984?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - Jail-stay Does Not Deter Facebook VP From expanding in Brazil, Dispute Over Encrypted WhatsApp Messages of Drug Traffickers
Dec 30 2023
Market Profile Strategies - Jail-stay Does Not Deter Facebook VP From expanding in Brazil, Dispute Over Encrypted WhatsApp Messages of Drug Traffickers
Facebook Inc’s (NASDAQ:FB) vice president Diego Dzodan returned from a 24-hour stay in jail Brazil, as his company chose to dispute local court orders seeking encrypted WhatsApp messages of drug traffickers. He was treated with a “lot of respect,” the top official was quoted as saying at a MIT, Sloan School of Management’s conference on Latin American business trends, on Saturday. Dzodan was jailed on Tuesday, as Facebook failed to comply with the orders of the Brazilian investigators. The VP, based in Sao Paulo, said that the Facebook does not have access to data, as it is “secured” when travelling on its messaging product, WhatsApp. Facebook Inc (NASDAQ:FB) non-compliance with the official request resulted in Dzodan’s arrest. Encryption, Block access Dzodan’s remarks on his arrest and the reasons for the same were made during a question-and-answer session with the students. After his talk about innovation and the social networking approach to it, Dzodan shared that his detention will not affect the company’s plans in the country. He explained that WhatsApp messaging platform is designed for encrypted travel of data from one phone user to the next, with no “information stored;” making it “impossible for” Facebook Inc (NASDAQ:FB) to access any of the information. Detention Will Not Interrupt Brazilian foray Dzodan, also assured that this unsavoury incident in Brazil would not be stopping the company with continuing its expansion services. The VP said that, Facebook remained “extremely committed” to its Brazilian operations as users of this Latin American country “really like Facebook.”  We are focused “long term” in this market, Dzodan reiterated to questions on Facebook’s future in the country. The investigating officials have refused to discuss their “demand” for data from WhatsApp messaging service in 2014, as “on-going” criminal investigations would be affected. Official spokesman for Facebook Inc (NASDAQ:FB), has however, issued a statement that the detention was an “extreme, disproportionate measure.” The Sao Paulo incident involving the Facebook official and the country’s investigating agency is very similar to a high-profile public spat between Apple Inc (NASDAQ:AAPL) and Federal investigators in the US, over criminal investigations. SOURCE : https://tradertalks-net.translate.goog/s/13982?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Market Profile Strategies - James Hardie Industries plc (NYSE:JHX) forecast higher profit
Dec 30 2023
Market Profile Strategies - James Hardie Industries plc (NYSE:JHX) forecast higher profit
James Hardie Industries plc (NYSE:JHX) stock rose 6.74% (As on May 16, 10:08:42 AM UTC-4, Source: Google Finance) after the company forecast a higher profit for the first quarter of fiscal 2024, sending its shares nearly 9% higher, although the company flagged uncertainties in global housing markets. James Hardie also reported a 2% fall in reported adjusted net income to $605.5 million for financial year 2023. For the fourth quarter, the company’s adjusted net income slid 18%. Global Adjusted EBIT decreased 17% to US$187.5 million. Global Adjusted Net Income decreased 18% to US$146.2 million. Global Adjusted EBIT margin of 20.4% was achieved through strong operational performance and continued achievement of strong Price/Mix offset by high input costs and reduced volumes. JHX in the fourth quarter of FY 23 has reported the adjusted earnings per share of 33 cents, beating the analysts’ estimates for the adjusted earnings per share of 32 cents. The company had reported 5 percent fall in the adjusted revenue to $917.8 million in the fourth quarter of FY 23, beating the analysts’ estimates for revenue of $903.39 billion. Moreover, North America Fiber Cement Segment Net Sales declined 6% to US$651.5 million. Volumes declined 14%, adversely impacted by the slowdown in the housing market, which was partially offset by Price/Mix growth of +8%. Lower volumes and higher input costs led to an 8% decline in EBIT to US$188.8 million. The EBIT margin contracted 70 basis points to 29.0%. Asia Pacific Fiber Cement Segment Net sales increased 2% to A$204.6 million. Price/Mix growth of +12%, was partially offset by a 10% decline in volumes due to the slowdown in the Australia and New Zealand housing markets. Europe Building Products Segment Net Sales increased +2% to €117.8 million. Additionally, in FY23, total capital expenditures were US$591.3 million. In December, the company commenced the share buyback program, and during the fiscal year the company bought back 3.8 million shares for total consideration of US$78.4 million. The Dublin-based firm expects an adjusted net income in the range of $145 million to $165 million for the first quarter, compared with a profit $154.3 million in the year-earlier period and a consensus estimate of $137 million, according to Citi. The company, however, flagged that it sees demand for new homes in the United States, which accounts for James Hardie’s majority of revenue,  to decrease between 14% and 19% in fiscal 2024 over uncertainty in housing markets. For fiscal year 2024, it expects to spend a total of about $550 million in capital expenditure. SOURCE : https://tradertalks-net.translate.goog/s/13980?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp