Neustar, Inc. (NSR) has reported a 44.84 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $45.44 million, or $0.80 a share in the quarter, compared with $31.38 million, or $0.57 a share for the same period last year. Revenue during the quarter went up marginally by 2.05 percent to $293.19 million from $287.30 million in the previous year period. Gross margin for the quarter expanded 181 basis points over the previous year period to 70.01 percent. Total expenses were 73.76 percent of quarterly revenues, down from 77.58 percent for the same period last year. This has led to an improvement of 382 basis points in operating margin to 26.24 percent.
Operating income for the quarter was $76.94 million, compared with $64.41 million in the previous year period.
Working capital remains negative
Working capital of Neustar, Inc. was negative $14.43 million on Mar. 31, 2017 compared with negative $40.02 million on Mar. 31, 2016. Current ratio was at 0.95 as on Mar. 31, 2017, up from 0.89 on Mar. 31, 2016. Days sales outstanding went down to 61 days for the quarter compared with 62 days for the same period last year.
At the same time, days payable outstanding went up to 26 days for the quarter from 24 for the same period last year.
Debt comes down significantly
Neustar, Inc. has recorded a decline in total debt over the last one year. It stood at $732.44 million as on Mar. 31, 2017, down 31.65 percent or $339.19 million from $1,071.62 million on Mar. 31, 2016. Total debt was 35.81 percent of total assets as on Mar. 31, 2017, compared with 49.11 percent on Mar. 31, 2016. Debt to equity ratio was at 0.76 as on Mar. 31, 2017, down from 1.42 as on Mar. 31, 2016. Interest coverage ratio improved to 6.27 for the quarter from 3.76 for the same period last year.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
