Earnings Results, Dividend Declarations, and Share Buybacks - Research Reports on Bally, Starwood, Ctrip.com, LVS and CSX
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NEW YORK, August 6, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Bally Technologies, Inc. (NYSE: BYI), Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), Ctrip.com International Ltd. (NASDAQ: CTRP), Las Vegas Sands Corp. (NYSE: LVS) and CSX Corp. (NYSE: CSX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5491-100free.
Bally Technologies, Inc. Research Reports
On August 1, 2014, shares of Bally Technologies, Inc. (Bally) rallied 29.13%, the day Scientific Games Corporation agreed to acquire all of the outstanding Bally common stock for $83.30 in cash. The aggregate transaction value is approximately $5.1 billion, including the refinancing of c. $1.8 billion of existing Bally net debt. The transaction was unanimously approved by the Boards of Directors of the two companies. The acquisition is expected to close in early 2015, subject to customary closing conditions. Scientific Games and Bally are both licensed in more than 300 gaming jurisdictions worldwide, which is expected to help facilitate obtaining the required gaming regulatory approvals. "We look forward to working with our new colleagues at Scientific Games to execute a detailed integration plan to realize customer satisfaction and additional value," said Richard Haddrill, Bally's CEO. The full research reports on Bally are available to download free of charge at:
http://www.analystsreview.com/Aug-06-2014/BYI/report.pdf
Starwood Hotels & Resorts Worldwide Inc. Research Reports
On August 1, 2014, Starwood Hotels & Resorts Worldwide, Inc. (Starwood) announced that its Board of Directors has approved a new $1.1 billion share repurchase authorization. Starwood's total share repurchase authorization is now approximately $1.5 billion, including approximately $400 million remaining under the prior authorization. Starwood announced that it has repurchased c. $200 million of shares year-till-date and expects to accelerate the pace of its repurchases. Starwood's Board also declared a regular quarterly dividend of $0.35 per share, payable on September 26, 2014 to stockholders of record on September 5, 2014. In addition, the Board also declared a special dividend of $0.65 per share, payable on September 26, 2014 to stockholders of record on September 5, 2014. The full research reports on Starwood are available to download free of charge at:
http://www.analystsreview.com/Aug-06-2014/HOT/report.pdf
Ctrip.com International Ltd. Research Reports
On July 30, 2014, Ctrip.com International Ltd. (Ctrip.com) announced its Q2 2014 financial results better than the Company expectations. As per Ctrip.com, net revenues were RMB1.7 billion ($278 million), up 38.4% YoY, exceeding its own net revenue guidance for Q2 2014 30-35% YoY increase. Q2 2014 net income attributable to Ctrip's shareholders was RMB135 million ($22 million), down 35.9% YoY. Looking forward, for Q3 2014, the Company expects to continue the net revenue growth at a rate of approximately 30%-35% YoY. James Liang, Chairman and CEO of Ctrip, said, "Both accommodation reservation and transportation ticketing services achieved strong volume growth at 64% and 83% year-over-year respectively. During the second quarter of 2014, approximately 80% of Ctrip's total transactions were booked online or through mobile channels." The full research reports on Ctrip.com are available to download free of charge at:
http://www.analystsreview.com/Aug-06-2014/CTRP/report.pdf
Las Vegas Sands Corp. Research Reports
On July 16, 2014, Las Vegas Sands Corp. (LVS) announced its Q2 2014 financial results. Net revenue for the period increased 11.8% YoY to reach $3.6 billion, while consolidated adjusted property EBITDA increased 18.6% YoY to reach $1.3 billion. On a hold-normalized basis, adjusted property EBITDA increased 5.3% YoY to reach $1.2 billion in Q2 2014. On a GAAP basis, operating income increased 23.2% YoY to $961.5 million. As per LVS, the increase in operating income was principally due to stronger operating results across Macao property portfolio. The Company also announced that its next recurring quarterly dividend of $0.50 per common share will be paid on September 30, 2014 to Las Vegas Sands shareholders of record on September 22, 2014. As of June 30, 2014, total debt outstanding, including the current portion, was c. $10.4 billion. The full research reports on LVS are available to download free of charge at:
http://www.analystsreview.com/Aug-06-2014/LVS/report.pdf
CSX Corp. Research Reports
On July 15, 2014, CSX Corp. (CSX) announced Q2 FY 2014 earnings (period ended June 27, 2014) that matched analysts' expectations and reaffirmed its full-year FY 2014 outlook. The Jacksonville, Florida-based Company's net earnings rose to $529 million or $0.53 per share, from $521 million or $0.51 per share in Q2 FY 2013. On average, 25 analysts polled by Thomson Reuters expected earnings of $0.52 per share for Q2 FY 2014, with analysts' estimates typically excluding one-time items. Q2 FY 2014 revenue rose 6.5% YoY to $3.2 billion. Michael J. Ward, Chairman, President and CEO, said, "With the broad-based economic momentum we are seeing, the core earning strength of this company is improving and driving value for shareholders." Going forward, for the full year 2014, CSX continues to expect modest full-year earnings growth. The Company also increased its 2014 capital investment plan by $100 million to $2.4 billion to support sustainable growth. The full research reports on CSX are available to download free of charge at:
http://www.analystsreview.com/Aug-06-2014/CSX/report.pdf
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