Pricing of Secondary Offering, Notes Conversion, Financial Results Releases, and Upcoming Earnings - Analyst Notes on SeaWorld Entertainment, SBA, Global Payments, Bed Bath & Beyond, and CarMax

NEW YORK, April 9, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding SeaWorld Entertainment, Inc. (NYSE: SEAS), SBA Communications Corp. (NASDAQ: SBAC), Global Payments Inc. (NYSE: GPN), Bed Bath & Beyond Inc. (NASDAQ: BBBY), and CarMax Inc. (NYSE: KMX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

--

SeaWorld Entertainment, Inc. Analyst Notes 

On April 3, 2014, SeaWorld Entertainment, Inc. (SeaWorld Entertainment) - a theme park and entertainment Company, announced the pricing of an offering by the selling stockholders affiliated with The Blackstone Group L.P. The Company informed that the selling stockholders are offering 15 million shares of SeaWorld Entertainment's common stock at a price of $30.00 per share.  Further, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares from the selling stockholders. The Company expects the offering to close on April 9, 2014, subject to customary closing conditions. The full analyst notes on SeaWorld Entertainment, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04092014/SEAS/report.pdf

--

SBA Communications Corp. Analyst Notes 

On April 2, 2014, SBA Communications Corp. (SBA) issued a press release announcing that the Company's 4.0% Convertible Senior Notes due 2014 (4.0% Notes) are convertible by holders of such notes. According to the terms of the Indenture that governs the 4.0% Notes, SBA has the right, from time to time, to elect to satisfy its conversion obligation under the 4.0% Notes in shares of SBA's Class A common stock, cash or a combination of SBA's Class A common stock and cash, and that election is effective until SBA provides notice of a different method of settlement. The Company informed that the conversion right for the 4.0% Notes has been triggered because SBA's Class A common stock closing price per share exceeded $39.49 for at least 20 trading days during the 30 consecutive trading day period ending on March 31, 2014. The full analyst notes on SBA Communications Corp. are available to download free of charge at:

http://www.AnalystsReview.com/04092014/SBAC/report.pdf

--

Global Payments Inc. Analyst Notes 

On April 3, 2014, Global Payments Inc. (Global Payments) announced its financial results for Q3 FY 2014 (period ended February 28, 2014). The Company reported a 6.5% YoY increase in revenues to $616.5 million during the quarter. Net income for Q3 FY 2014 came in at $55.1 million or $0.76 per diluted share, as compared to $58.5 million or $0.75 per diluted share in Q3 FY 2013. For FY 2014, the Company maintained its expectations for annual revenue of $2.51 billion to $2.56 billion or 6% to 8% growth over FY 2013. However, the Company has revised its expectations for diluted EPS on a cash basis upwards, narrowing its range to $4.06 to $4.11, from its prior estimate of $4.03 to $4.10 per share. Jeff Sloan, President and CEO, attributed strong execution across all of business segments and expansion of operating margins in North America, behind the upbeat results. The full analyst notes on Global Payments Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04092014/GPN/report.pdf

--

Bed Bath & Beyond Inc. Analyst Notes 

Bed Bath & Beyond Inc. posted on the Events Section of the Company's website that it will report its FY 2013 and Q4 FY 2013 (period ended March 1, 2014) financial results on, April 9, 2014, after the close of trading session. The Company will also host a Conference Call at 5:00 p.m. ET, on the same day, to discuss Q4 FY 2013 financial results.  According to Zacks.com, the consensus EPS forecast for the quarter is $1.60. On March 7, 2014, the Company had provided an update for Q4 FY 2013 earnings, in which it predicted net earnings per diluted share of approximately $1.57 to $1.61, versus $1.60 to $1.67, predicted earlier. The Company attributed the downward revision in EPS to disruptive weather conditions. Also, the Company expected its comparable sales growth to remain low at 1.7% for Q4 FY 2013, as compared to its previous guidance of 2% to 4%. The full analyst notes on Bed Bath & Beyond Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04092014/BBBY/report.pdf

--

CarMax Inc. Analyst Notes 

On April 4, 2014, CarMax Inc. (CarMax) - used cars and light trucks seller announced its financial results for Q4 FY 2014 and FY 2014 (period ended February 28, 2014). The Company reported a 8.8% YoY increase in net sales and operating revenues to $3.1 billion during the quarter, while the figure for FY 2014 came in at $12.6 billion, up 14.7% YoY. Net income for Q4 FY 2014 came in at $99.2 million or $0.44 per diluted share, as compared to $107.2 million or $0.46 per diluted share in Q4 FY 2013. For FY 2014, net income came in at $492.6 million or $2.16 per diluted share, versus $434.3 million or $1.87 per diluted share in FY 2013. The Company reported that it plans to release the financial results for Q1 FY 2015 (period ending May 31, 2014), on June 20, 2014, before the opening of the NYSE. The Company will also a host a conference call for investors at 9:00 a.m. ET on that date. Shares of CarMax fell 4.21% on April 4, 2014, to end the trading session at $45.6 post the announcement of results. The full analyst notes on CarMax Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04092014/KMX/report.pdf

--

About Analysts Review
We provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

--

=============

EDITOR NOTES: 

• This is not company news. We are an independent source and our views do not reflect the companies mentioned.
• Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
• This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
• If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] AnalystsReview.com.
• For any urgent concerns or inquiries, please contact us at compliance [at] AnalystsReview.com.
• Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] AnalystsReview.com for consideration.

COMPLIANCE PROCEDURE 

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Analysts Review in this article or report according to the Procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE 

Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED 

Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

AnalystsReview.com

SOURCE Analysts Review

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED