We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
BHP Billiton's (BHP) FY16 Earnings Fall Y/Y on Macro Woes
Read MoreHide Full Article
Mining giant BHP Billiton Limited (BHP - Free Report) reported weak financial results for fiscal 2016 (ended Jun 30, 2016). We believe that the existing market headwinds such as unfavorable pricing environment, stiff competition and appreciation of the U.S. dollar have weighed over the company’s results.
Earnings per American Depositary Share (“ADS”) from continuing operations came in at roughly 23 cents, down 81% from $1.21 per ADS earned a year ago.
Revenues: Revenues for fiscal 2016 totaled $30.9 billion, down 30.7% from $44.6 billion in the year-ago period. The decline stemmed from a significant fall in the market prices of the company’s major commodities.
Margin: Underlying earnings before interest, taxes, depreciation, and amortization (“EBITDA”) were $12.3 billion for fiscal 2016, down 44% year over year.
Balance Sheet: Cash and cash equivalents as of Jun 30, 2016 were $10.3 billion as against $6.8 billion as of Jun 30, 2015. Interest-bearing liabilities totaled $31.8 billion compared with $28 billion as of Jun 30, 2015.
Cash Flow: Net operating cash flow plummeted 44.9% year over year to $10.6 billion for fiscal 2016. Capital and exploration expenditure was $6.9 billion as against $11.9 billion incurred in the year-ago comparable period.
In the reported period, the company paid dividends worth $4.1 billion compared with $6.5 billion paid at the end of fiscal 2015.
Outlook: BHP Billiton aims to boost its financial fundamentals in the near term on the back of improved mining & exploration activities, efficient operations and strategic capital deployment programs.
As of Aug 16, 2016 BHP Billiton closed the trading session at $31.50 per share. However, it remains to be seen how the stock performs after posting the lackluster fiscal 2016 results.
BHP Billiton currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include McEwen Mining Inc. (MUX - Free Report) , Rio Tinto plc (RIO - Free Report) and Klondex Mines Ltd. . All the three companies currently hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
BHP Billiton's (BHP) FY16 Earnings Fall Y/Y on Macro Woes
Mining giant BHP Billiton Limited (BHP - Free Report) reported weak financial results for fiscal 2016 (ended Jun 30, 2016). We believe that the existing market headwinds such as unfavorable pricing environment, stiff competition and appreciation of the U.S. dollar have weighed over the company’s results.
Earnings per American Depositary Share (“ADS”) from continuing operations came in at roughly 23 cents, down 81% from $1.21 per ADS earned a year ago.
Revenues: Revenues for fiscal 2016 totaled $30.9 billion, down 30.7% from $44.6 billion in the year-ago period. The decline stemmed from a significant fall in the market prices of the company’s major commodities.
Margin: Underlying earnings before interest, taxes, depreciation, and amortization (“EBITDA”) were $12.3 billion for fiscal 2016, down 44% year over year.
Balance Sheet: Cash and cash equivalents as of Jun 30, 2016 were $10.3 billion as against $6.8 billion as of Jun 30, 2015. Interest-bearing liabilities totaled $31.8 billion compared with $28 billion as of Jun 30, 2015.
Cash Flow: Net operating cash flow plummeted 44.9% year over year to $10.6 billion for fiscal 2016. Capital and exploration expenditure was $6.9 billion as against $11.9 billion incurred in the year-ago comparable period.
In the reported period, the company paid dividends worth $4.1 billion compared with $6.5 billion paid at the end of fiscal 2015.
Outlook: BHP Billiton aims to boost its financial fundamentals in the near term on the back of improved mining & exploration activities, efficient operations and strategic capital deployment programs.
As of Aug 16, 2016 BHP Billiton closed the trading session at $31.50 per share. However, it remains to be seen how the stock performs after posting the lackluster fiscal 2016 results.
BHP BILLITN LTD Price, Consensus and EPS Surprise
BHP BILLITN LTD Price, Consensus and EPS Surprise | BHP BILLITN LTD Quote
Stocks to Consider
BHP Billiton currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include McEwen Mining Inc. (MUX - Free Report) , Rio Tinto plc (RIO - Free Report) and Klondex Mines Ltd. . All the three companies currently hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>