Earnings Releases, and Stock Price Updates - Analyst Notes on MSG, Bally, Ulta, F5 and AEP
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NEW YORK, May 7, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding The Madison Square Garden Company (NASDAQ: MSG), Bally Technologies, Inc. (NYSE: BYI), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA), F5 Networks, Inc. (NASDAQ: FFIV) and American Electric Power Co., Inc. (NYSE: AEP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2144-100free.
The Madison Square Garden Company Analyst Notes
On May 2, 2014, The Madison Square Garden Company (MSG) reported financial results for Q3 FY 2014 (period ended March 31, 2014). The Company generated revenues of $459 million, up 11.3% YoY. On a segmental basis, MSG Sports reported revenues of $233.7 million, up 12.3% YoY, MSG Media reported revenues of $190.8 million, up 3.3% YoY, and MSG Entertainment revenues were $52.8 million, up 48.7% YoY. According to the Company, revenues of MSG Sports increased owing to higher event-related revenues from other live sporting events, professional sports team regular season ticket-related revenue, sports team sponsorship and signage revenues, inter-segment broadcast rights fees and suite rental fee. Q3 FY 2014 diluted EPS were 24 cents, on a net income of $19.1 million, compared to an diluted EPS of 49 cents, on a net income of $38.4 million, in the year ago period. Shares of MSG ended at $51.47, down 6.55% on May 2, 2014 from its previous day's close. The full analyst notes on MSG are available to download free of charge at:
http://www.analystsreview.com/2144-MSG-07May2014.pdf
Bally Technologies, Inc. Analyst Notes
On May 1, 2014, Bally Technologies, Inc. (Bally) announced financial results for Q3 FY 2014 (period ended March 31, 2014). Total revenue was $338.4 million, up 30.6% YoY. Q3 FY 2014 non-GAAP EPS rose to $1.10, from $0.93 in the prior year period. GAAP EPS came in at $0.70. On a segment-wise basis, revenues from Electronic gaming reached $102.4 million, up 19.3% YoY, primarily driven by higher replacement sales and the sale of 930 Equinox™ units and 211 ETS seats, partially offset by the absence of 788 Canadian VLT units sold in the prior year period. The Company updated its guidance for FY 2014 for adjusted EPS, currently expected to be in the range $4.35 - $4.50. The full analyst notes on Bally are available to download free of charge at:
http://www.analystsreview.com/2144-BYI-07May2014.pdf
Ulta Salon, Cosmetics & Fragrance, Inc. Analyst Notes
On May 2, 2014, the stock of Ulta Salon, Cosmetics & Fragrance, Inc. (Ulta) closed the trading session at $88.12, up 2.5% from its previous day's close. The broader market index - NASDAQ Composite - ended flat at $4,123.9. The Company's stock opened at $86.35 and oscillated between $86.17 and $88.39 throughout the day. Trading volume for the session was 2.35 million shares, as compared to 1.09 million in the previous trading session. In the last three months, the stock of Ulta has gained 5.53% outperforming the NASDAQ Composite which strengthened 2.29% during the same time period. The full analyst notes on Ulta are available to download free of charge at:
http://www.analystsreview.com/2144-ULTA-07May2014.pdf
F5 Networks, Inc. Analyst Notes
On May 2, 2014, shares of F5 Networks, Inc. (F5) closed at $103.72 ending the trading session 2.79% lower. The Company's stock wavered between $103.60 and $106.99. The session's trading volume was 1.75 million, more than the previous day and the 30-day average trading volume. F5's stock has strengthened by 30.38% in the last six months. F5 announced financial results for Q2 FY 2014 (period ended March 31, 2014) on April 23, 2014. Revenue was up 19.9% YoY to $420 million. Non-GAAP net income was $96.9 million, or $1.27 per diluted share, compared $84.7 million, or $1.07 per diluted share in Q2 FY 2013. The full analyst notes on F5 are available to download free of charge at:
http://www.analystsreview.com/2144-FFIV-07May2014.pdf
American Electric Power Co., Inc. Analyst Notes
On April 25, 2014, American Electric Power (AEP) reported better-than-expected Q1 2014 earnings and also raised its 2014 guidance. AEP reported revenues of $4.6 billion for Q1 2014 up 21.1% YoY, topping Wall Street analysts' consensus estimate of $4.04 billion. The Columbus, Ohio-based, utility holding Company reported GAAP earnings of $560 million, or $1.15 per share for Q1 2014, versus $363 million, or $0.75 in Q1 2013. On average, 13 analysts polled by Thomson Reuters expected AEP to report earnings of $0.93 per share Q1 2014. Analysts' estimates typically exclude special items. AEP also increased full-year 2014 operating earnings guidance to $3.35 to $3.55 per share. Nicholas K. Akins, AEP Chairman, President and CEO said, "Solid regulated business results and strong performance from our competitive energy businesses, bolstered by favorable weather and high power prices, resulted in a very positive first-quarter 2014 performance." The full analyst notes on AEP are available to download free of charge at:
http://www.analystsreview.com/2144-AEP-07May2014.pdf
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