Small cap consumer electronics retailer Aaron’s, Inc (NYSE: AAN) reportedQ2 2017 earnings before the market opened on Friday. Revenues were $815.6 million versus $789.4 million. Progressive Leasing’s revenue in the second quarter of 2017 increased 25.1% to $373.5 million, revenue for DAMI was $8.5 million versus$5.3 million and overall revenues for the Aaron’s Business decreased 10.7% to $433.6 million. Same store revenues decreased 8.1% during the second quarter of 2017 and customer count on a same store basis was down 4.8%. Company-operated Aaron’s stores had 932,000 customersas ofJune 30, 2017, a 7.2% decrease from the second quarter of 2016. Net earnings were $36.3 million versus $38.5 million. The CEO commented:
“We’re very pleased with our second quarter results. Strong growth at Progressive Leasing and disciplined execution in the Aaron’s Business drove increased revenues and improved profitability in the quarter.”
Top Small Cap Stocks To Watch Right Now: Eiffage SA (EFGSY)
Advisors’ Opinion:
- [By SEEKINGALPHA.COM]
Atlantia (ATASF) (AT.IM), Eiffage (OTCPK:EFGSY) (FGR.FP), Ferrovial (OTC:FRRVF) (FER.SM), Albertis (OTC:ABFOF) (ABE.SM) and Vinci (OTCPK:VCISF) (DG.FP)
Top Small Cap Stocks To Watch Right Now: OncoSec Medical Incorporated(ONCS)
Advisors’ Opinion:
- [By Lisa Levin]
Losers
DBV Technologies SA – ADR (NASDAQ: DBVT) shares tumbled 50.6 percent to $23.73 after the company disclosed that its peanut allergy trial failed to meet primary endpoint.
Connecture Inc (NASDAQ: CNXR) shares declined 40.8 percent to $0.290. Connecture reported that it will voluntarily delist from the NASDAQ for OTCQX Market.
Walter Investment Management Corp (NYSE: WAC) slipped 19.2 percent to $0.410. On Friday, Walter Investment Management disclosed that it has reached an agreement with term lenders and senior noteholders on financial restructuring.
Eldorado Gold Corp (USA) (NYSE: EGO) shares dropped 15.9 percent to $1.83. Eldorado Gold lowered its production guidance for its Kisladag operation.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) shares fell 15.4 percent to $1.04.
Future Fintech Group Inc (NASDAQ: FTFT) dropped 13.6 percent to $1.53. Future FinTech reported filing of proxy statement, including proposal for corporate restructuring.
Concordia International Corp (NASDAQ: CXRX) shares fell 12.3 percent to $0.500 after dipping 38.71 percent on Friday.
Aemetis Inc (NASDAQ: AMTX) shares declined 11.3 percent to $0.550
OncoSec Medical Inc (NASDAQ: ONCS) dipped 10.5 percent to $1.12. OncoSec reported a $7.1 million registered direct at-the-market offering at a price of $1.34375 per share.
Evoke Pharma Inc (NASDAQ: EVOK) shares fell 10.35 percent to $3.08 after the company disclosed 'positive' topline results from comparative exposure pharmacokinetic study for Gimoti.
Eiger Biopharmaceuticals Inc (NASDAQ: EIGR) shares dropped 9.4 percent to $11.60 as the company disclosed Phase 2 interim 24-week data with pegylated interferon lambda in Hepatitis Delta Virus infection at the American Association for the Study of Liver Diseases Meeting.
Viking Therapeutics Inc (NASDAQ: VKTX) shares slipped 6.6 percent to $2.80. Viking Therapeutics presented results from proof-of-concept study of VK0214 in in vivo
Top Small Cap Stocks To Watch Right Now: Allison Transmission Holdings, Inc.(ALSN)
Advisors’ Opinion:
- [By Ben Levisohn]
With a neutral sector rating, we are working on evaluating risks to negative calls, and identifying potential value opportunities. Last week we noted more work might be worthwhile on Wabco Holdings (WBC), Terex, Manitowoc (MTW), and Caterpillar, two of those names have rallied for other reasons but the attractive price made the upside/downside skew up. We remain positive (OW) on Allison Transmission Holdings (ALSN) & United Rentals. Our and consensus 2017Allison Transmission Holdings estimates have fallen by 2% vs. ~15% for the group, while the shares are down 10% since launch. We continue to see United Rentals as the best value in our group…
