LONDON, UK / ACCESSWIRE / October 2, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Student Transportation Inc. (NASDAQ: STB), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=STB, following the Company's reporting of its financial results on September 20, 2017, for the fourth quarter fiscal 2017. The Company's revenue increased 3.9% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Earnings Reviewed

For three months ended June 30, 2017, Student Transportation's revenue increased 3.9% to $172.78 million from $166.19 million in Q4 FY16. Revenue surpassed analysts' expectations of $170.9 million.

During Q4 FY17, Student Transportation's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 1.5% to $39.24 million from $38.63 million in Q4 FY16. For the reported quarter, the Company's adjusted EBITDA margin decreased 50 basis points to 22.7% of revenue from 23.2% of revenue in Q4 FY16.

During Q4 FY17, the Company's general and administrative (G&A) expenses increased 11% to $17.51 million from $15.77 million in Q4 FY16. For the reported quarter, the Company's depreciation and amortization (D&A) expenses decreased 1.3% to $14.87 million from $15.07 million in Q4 FY16.

During Q4 FY17, Student Transportation's operating income was $11.95 million compared to operating income of $11.94 million in Q4 FY16. For the reported quarter, the Company's operating margin increased 20 basis points to 6.9% of revenue from 7.1% of revenue in Q4 FY16.

During Q4 FY17, Student Transportation's net income decreased 31.1% to $4.26 million from $6.28 million in Q4 FY16. For the reported quarter, Student Transportation's diluted EPS decreased 28.5% to $0.05 from $0.07 in Q4 FY16. Diluted EPS was below analysts' expectations of $0.06.

On August 23, 2017, the Company's School Transportation Group completed the acquisition of a Student Transportation Company in Maryland.

Student Transportation's Segment Details

Transportation - During FY17, Transportation segment's revenue increased 6.2% to $636.01 million from $598.81 million in FY16. During FY17, the segment's operating income increased 6.8% to $28.55 million from $26.73 million in FY16.

Oil and gas - During FY17, the oil and gas segment's revenue decreased 5.7% to $1.31 million from $1.39 million in FY16. During FY17, the segment's operating loss was $783,000 compared to operating loss of $3.14 million in FY16.

Balance Sheet

During FY17, Student Transportation's cash and cash equivalents increased 41.2% to $10.96 million from $7.76 million in FY16.

During FY17, the Company's accounts receivable, net of allowance increased 9.0% to $68.75 million from $63.02 million in FY16.

During FY17, Student Transportation's inventory increased 3.1% to $4.56 million from $4.42 million in FY16.

During FY17, the Company's accounts payable decreased 87.7% to $1.10 million from $8.95 million in FY16.

During FY17, Student Transportation's net long-term debt was $291.35 million compared to $269.67 million in FY16.

During FY17, the Company's cash provided by operating activities decreased 18.0% to $55.86 million from $68.17 million in FY16.

Stock Performance

On Friday, September 29, 2017, the stock closed the trading session at $5.98, slightly slipping 0.50% from its previous closing price of $6.01. A total volume of 153.64 thousand shares have exchanged hands. Student Transportation's stock price advanced 0.34% in the last one month, 2.05% in the past six months, and 0.34% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 6.98%. The stock is trading at a PE ratio of 77.66 and has a dividend yield of 7.36%. The stock currently has a market cap of $565.90 million.

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SOURCE: Pro-Trader Daily