Value Line, Inc. Announces First Quarter Earnings
September 12 2018 - 5:22PM
Contact: Howard A.
Brecher
Value
Line, Inc. (212)
907-1500
www.valueline.comwww.ValueLinePro.com,
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Value Line, Inc., (NASDAQ: VALU) reported results for the first
fiscal quarter ended July 31, 2018.
During the three months ended July 31, 2018, the
Company’s net income of $3,104,000, or $0.32 per share, was
$889,000 or 40.1% above net income of $2,215,000, or $0.23 per
share, for the three months ended July 31, 2017. Income from
operations of $1,270,000 during the three months ended July 31,
2018 was 9.0% above income from operations of $1,165,000 in the
corresponding period of 2017.
Shareholders’ equity of $45,184,000 at July 31,
2018, increased by $1,643,000 over shareholders’ equity of
$43,541,000 at April 30, 2018. As of July 31, 2018, retained
earnings and liquid assets were $46,165,000 and $23,862,000,
respectively. During the three months ended July 31, 2018 there
were 9,689,334 average common shares outstanding as compared to
9,703,580 average common shares outstanding during the three months
ended July 31, 2017.
The current yield of the Company’s common stock
is 3.18% based on an annualized dividend rate of $0.76 per share
and the September 10th closing price of $23.89. In addition, the
Company returned $41,000 to shareholders in the first fiscal
quarter through share buybacks.
The Company’s quarterly report on Form 10-Q has
been filed with the SEC and is available on the Company’s website
at www.valueline.com/About/corporate_filings.aspx. Shareholders may
receive a printed copy, free of charge upon request.
Value Line, Inc. is a leading New York based
provider of investment research. The Value Line Investment
Survey is one of the most widely used sources of
independent equity investment research. Value Line also publishes a
range of proprietary investment research in both print and digital
formats including research in the areas of Mutual Funds and
Options. Value Line’s acclaimed research also enables the Company
to provide specialized products such as Value Line Select,
Value Line Special Situations, Value Line Select: Dividend Income
& Growth, Value Line Select: ETFs and copyright data,
distributed under copyright agreements for fees, including certain
proprietary ranking system information and other proprietary
information used in third party products. Investment Advisory
services are provided through its substantial non-voting interests
in EULAV Asset Management, the investment advisor to The Value Line
Family of Mutual Funds. Value Line’s products are available to
individual investors by mail, at www.valueline.com or through
1-800-VALUELINE or 1-800-825-8354, while institutional-level
services for professional investors, advisers, corporate, academic,
and municipal libraries are offered at www.ValueLinePro.com,
www.ValueLineLibrary.com and at 1-800-531-1425.
Cautionary Statement Regarding
Forward-Looking Information
This report contains statements that are
predictive in nature, depend upon or refer to future events or
conditions (including certain projections and business trends)
accompanied by such phrases as “believe”, “estimate”, “expect”,
“anticipate”, “will”, “intend” and other similar or negative
expressions, that are “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995, as
amended. Actual results for Value Line, Inc. (“Value Line” or
“the Company”) may differ materially from those projected as a
result of certain risks and uncertainties, including but not
limited to the following:
- maintaining revenue from subscriptions for the Company’s
digital and print published products;
- changes in market and economic conditions, including global
financial issues;
- protection of intellectual property rights;
- dependence on non-voting revenues and non-voting profits
interests in EULAV Asset Management, a Delaware statutory trust
(“EAM” or “EAM Trust”), which serves as the investment advisor to
the Value Line Funds and engages in related distribution, marketing
and administrative services;
- fluctuations in EAM’s assets under management due to broadly
based changes in the values of equity and debt securities,
redemptions by investors and other factors, and the effect these
changes may have on the valuation of EAM’s intangible assets;
- generating future revenues or collection of receivables from
significant customers;
- dependence on key personnel;
- competition in the fields of publishing, copyright data and
investment management;
- the impact of government regulation on the Company’s and EAM’s
businesses;
- availability of free or low cost investment data through
discount brokers or generally over the internet;
- terrorist attacks, cyber attacks and natural disasters;
- other risks and uncertainties, including but not limited to the
risks described in Item 1A, “Risk Factors” of the Company’s Annual
Report on Form 10-K for the year ended April 30, 2018; and in
Part II, Item 1A of the Quarterly Report on Form 10-Q for the
period ended July 31, 2018; and
- other risks and uncertainties arising from time to time.
These factors are not necessarily all of the
important factors that could cause actual results to differ
materially from those expressed in any of our forward-looking
statements. Other unknown or unpredictable factors which may
involve external factors over which we may have no control or
changes in our plans, strategies, objectives, expectations or
intentions, which may happen at any time at our discretion, could
also have material adverse effects on future results. Except as
otherwise required to be disclosed in periodic reports required to
be filed by public companies with the SEC pursuant to the SEC's
rules, we have no duty to update these statements, and we undertake
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. In light of these risks and uncertainties, current
plans, anticipated actions, and future financial conditions and
results may differ from those expressed in any forward-looking
information contained herein.
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