Stock Monitor: AllianceBernstein Holding Post Balance Reporting
LONDON, UK / ACCESSWIRE / February 20, 2018 / Active-Investors.com has aloof appear a chargeless balance address on Evercore Inc. (EVR). If you appetite admission to this address all you charge to do is assurance up now by beat the afterward articulation www.active-investors.com/registration-sg/?symbol=EVR. Evercore appear its fourth division and budgetary 2017 operating and banking after-effects on January 31, 2018. The advance coffer outperformed top- and bottom-line expectations. Register today and get admission to over 1,000 Chargeless Analysis Letters by abutting our armpit below:
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Active-Investors.com is focused on giving you appropriate advice and the central band on companies that amount to you. This morning, Evercore best contempo annual is on our alarm and our aggregation absitively to put out a absurd address on the aggregation that is now accessible for chargeless below:
Earnings Highlights and Summary
For the three months concluded December 31, 2017, Evercore’s net revenues of $540.0 actor added 21% adjoin Q4 2016 acquirement of $445.37 million, apprenticed by an access in Advance Banking revenues, primarily due to an access in Advising fees. During Q4 2017, Evercore’s adapted net revenues grew 5% on a y-o-y base to $465.5 million. The Company’s appear numbers were bigger than analysts’ estimates by $58.28 million.
For the twelve months concluded December 31, 2017, (FY 2017), Evercore’s net revenues avant-garde 18% to $1.70 compared to $1.44 billion in FY16, apprenticed by an access in Advance Banking revenues. For FY17, Evercore’s adapted net revenues totaled $1.63 billion, up 14% on a y-o-y basis.
During Q4 2017, Evercore’s advantage arrangement was 50.6% adjoin 60.1% for Q4 2016, apprenticed by college revenues in the Company’s Advance Banking business and the acclimation of amounts due pursuant to its tax receivable acceding as able-bodied as lower costs associated with acquisition-related LP Units/Interests during 2017. For the appear quarter, the Company’s adapted advantage arrangement was 57.3% adjoin 57.2% for the year beforehand aforementioned quarter.
For Q4 2017, Evercore’s operating assets of $184.1 actor soared 89% adjoin Q4 2016 operating assets of $97.36 million, apprenticed by an access in net revenues, partially annual by added advantage and non-compensation costs in the Advance Banking business. The Company’s adapted operating assets of $134.2 actor added 6% on a y-o-y basis.
During Q4 2017, Evercore’s able tax amount was 100.7% adjoin 40.0% in Q4 2016. For FY17, the Company’s able tax amount was 59.1% adjoin 44.5% for the year ago commensurable period.
Evercore appear Q4 2017 net accident attributable to the Aggregation of $19.41 million, or $0.50 per adulterated share, compared to net assets attributable to Evercore of $43.43 million, or $0.98 per adulterated share, in Q4 2016, with the abatement principally apprenticed by an access in the able tax rate. For the appear quarter, the Company’s adapted net assets grew 8% to $1.55 per allotment on a y-o-y base for the appear division and came in avant-garde of Wall Street’s estimates of $1.32 per share.
For FY17, net assets attributable to Evercore was $125.5 million, or $2.80 per share, compared to net assets of $107.53 million, or $2.43 per share, in FY6, principally apprenticed by an access in net revenues in the Advance Banking business, partially annual by an access in the able tax rate. For FY17, Evercore’s adapted net assets attributable to the Aggregation surged 26% to $5.45 per share.
Investment Banking – During Q4 2017, Evercore’s advising fees avant-garde 9% to $384.57 actor on a y-o-y basis, apprenticed primarily by the agreement of fees in balance of $1 million, demography into annual the admeasurement and blazon of transaction and the attributes of casework provided. The Company’s commissions and accompanying fees fell 10% to $56.64 actor for the appear quarter. Evercore’s underwriting fees of $15.7 actor surged 33% on a y-o-y base for Q4 2017, as the Aggregation alternate in 18 underwriting affairs adjoin 14 in Q4 2016 and 13 as a bookrunner as adjoin 9 in Q4 2016.
Investment Administration – Evercore’s administration fees and accompanying assets of $12.1 actor for Q4 2017 added 11% on a y-o-y basis, primarily attributed to college fees in Wealth Management. The Company’s clandestine disinterestedness investments of $0.07 actor for the appear division decreased about to $1.53 actor during the year ago aforementioned period, principally apprenticed by lower accomplished and abeyant assets in Clandestine Equity.
As of December 31, 2017, Evercore had cash, banknote equivalents, bankable securities, and certificates of drop of $738.1 million. The Company’s accustomed assets exceeded accustomed liabilities by $536.2 actor at December 31, 2017.
During Q4 2017, Evercore repurchased about 27,000 shares at an boilerplate amount per allotment of $80.16. During FY17, the Aggregation repurchased a absolute of 3.9 actor shares/units at an boilerplate amount per share/unit of $75.02.
Stock Achievement Snapshot
February 16, 2018 – At Friday’s closing bell, Evercore’s banal was hardly bottomward 0.16%, catastrophe the trading affair at $96.60.
Volume traded for the day: 386.41 thousand shares.
Stock achievement in the aftermost ages – up 2.17%; antecedent three-month aeon – up 16.60%; accomplished twelve-month aeon – up 20.52%; and year-to-date – up 7.33%
After aftermost Friday’s close, Evercore’s bazaar cap was at $4.15 billion.
Price to Balance (P/E) arrangement was at 35.65.
The banal has a allotment crop of 1.66%.
The banal is allotment of the Banking sector, categorized beneath the Asset Administration industry. This area was up 0.1% at the end of the session.
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