Thursday, February 16, 2017

Earnings - HCP, WWAV

My apologies for not getting HCP's latest report out as personal matters took front and center the last few days.  So here it is.

On Monday February 13th HCP Inc (HCP) reported Q4 and FYE'16 results. Q4 results came in with EPS of $0.12, FFO of $0.35, and revenues of $539.9 million. FYE'16 results came in with EPS of $1.34, FFO $2.39, and revenues of $2.12 billion. During the year the company completed it's previously announced spinoff of QCP. For the whole year the company entered into agreements to sell 64 communities to Brookdale Senior Living, and an additional $723 million in acquisitions along with $770 million in dispositions. The company also repaid $1.7 billion worth of debt in Q4. The company also gave guidance for 2017 that is inline with prior guidance released on 11/1/16.

  • EPS: $1.32-$1.38
  • FFO: $1.88-$1.94
  • SPP Cash NOI: 2.5%-3/5% 
WhiteWave(WWAV) reported Q4 and FYE'16 results after the close today.  Q4 EPS came in at $0.34 on revenues of $1.05 billion. FYE'16 results came in with EPS of $1.18 on revenues of $4.2 billion.  The company continues to struggle with with its fresh food segment.  Overall these are ok results. i think if the company didn't have the merger pending we would have seen the stock drop on this news.  The company still expects to see it's merger with Danone to be completed this year.  I'll have to figure out another company to replace this pick with.  

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