Covetrus Shares Up After 4Q Results, Guidance
Covetrus Shares Up After 4Q Results, Guidance
DJ Covetrus Shares Up After 4Q Results, Guidance
DJ Covetrus在第四季度業績，指引後分享
By Michael Dabaie
邁克爾·達拜著
Covetrus Inc. shares were up 11% to $12.36 in morning trading.
CovetrusInc.股價在早盤交易中上漲11%，至12.36美元。
The animal-health technology and services company reported fourth-quarter net sales of $1.01 billion, up from $903 million in the year-ago period. That was above the FactSet consensus forecast for $986.3 million.
這家動物保健技術和服務公司公佈第四季度淨銷售額為10.1億美元，高於去年同期的9.03億美元。這高於FactSet普遍預測的9.863億美元。
The company swung to a loss of 33 cents a share from earnings of 46 cents a year earlier. The primary drivers of the decline in net income were costs tied to the company's spin-off and merger, Covetrus said.
該公司每股虧損33美分，而去年同期的收益為46美分。Covetrus表示，淨利潤下降的主要驅動因素是與公司剝離和合並相關的成本。
On Feb. 7, 2019, Covetrus became an independent company after a spin-off by Henry Schein of its animal health business and the completion of its acquisition of Vets First Choice.
2019年2月7日，在Henry Schein剝離其動物保健業務並完成對Vets First Choice的收購後，Covetrus成為一家獨立公司。
Adjusted net income was $20 million for the fourth quarter of 2019, compared with $21 million in the prior year period, on a pro forma basis.
在預計基礎上，2019年第四季度調整後淨收入為2000萬美元，上年同期為2100萬美元。
The company forecast fiscal 2020 net sales of between $4.025 billion and $4.125 billion, and adjusted earnings before interest, tax, depreciation and amortization of $190 million to $195 million.
該公司預計2020財年淨銷售額在40.25億美元到41.25億美元之間，調整後的利息、税項、折舊和攤銷前收益為1.9億美元到1.95億美元。
Covetrus also said Benjamin Wolin will become the company's president and chief executive, transitioning from the acting role he held since October 2019.
康維圖斯還表示，本傑明·沃林將成為公司的總裁和首席執行官，他自2019年10月以來一直擔任代理角色。
Credit Suisse raised its price target to $13 from $11 and recommends the stock at neutral. In research it said the Covetrus price target moved with the enhanced visibility on the company's longer-term strategy with also a permanent CEO appointment.
瑞士信貸將目標價從11美元上調至13美元，並建議該股維持中性。在研究中，它表示，Covetrus的目標價格隨着公司長期戰略可見度的提高而變化，並永久任命首席執行官。
"After a tumultuous beginning to life as a public company, Covetrus delivered its second consecutive quarter of relatively solid results, with in-line revenue and adjusted Ebitda ahead of our estimate," Stifel said in a research note.
Stifel在一份研究報告中表示：“作為一家上市公司，在經歷了一個動盪的開端之後，Covetrus連續第二個季度實現了相對穩健的業績，在線收入和調整後的EBITDA超出了我們的預期。”
"We believe the new management team has successfully stabilized results and continues to gain back credibility with the Street. We also believe the story going forward will center on Ebitda growth in 2021 and beyond," Stifel said. It reiterated a hold recommendation.
Stifel表示：“我們相信，新的管理團隊已經成功地穩定了業績，並繼續重新贏得華爾街的信任。我們還相信，未來的故事將圍繞2021年及以後的EBITDA增長展開。”它重申了擱置的建議。
Write to Michael Dabaie at michael.dabaie@wsj.com
寫信給Michael Dabaie：michael.dabaie@wsj.com
(END) Dow Jones Newswires
(完)道瓊斯通訊社
March 04, 2020 11:04 ET (16:04 GMT)
2020年3月4日東部時間11：04(格林尼治標準時間16：04)
Copyright (c) 2020 Dow Jones & Company, Inc.
版權所有(C)2020道瓊斯公司。
譯文內容由第三人軟體翻譯。