Quarterly Report Card: Special Research on First Marblehead, Global Cash Access, Green Dot, J.G. Wentworth, and McGraw Hill
NEW YORK, March 23, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including First Marblehead (NYSE: FMD), Global Cash Access (NYSE: GCA), Green Dot (NYSE: GDOT), J.G. Wentworth (NYSE: JGW), and McGraw Hill (NYSE: MHFI). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
FMD Research Report: ( http://get.analystsreview.com/pdf/?c=First%20Marblehead&d=23-Mar-2015&s=FMD ),
GCA Research Report: ( http://get.analystsreview.com/pdf/?c=Global%20Cash%20Access&d=23-Mar-2015&s=GCA ),
GDOT Research Report: ( http://get.analystsreview.com/pdf/?c=Green%20Dot&d=23-Mar-2015&s=GDOT ),
JGW Research Report: ( http://get.analystsreview.com/pdf/?c=J.G.%20Wentworth&d=23-Mar-2015&s=JGW ),
MHFI Research Report: ( http://get.analystsreview.com/pdf/?c=McGraw%20Hill&d=23-Mar-2015&s=MHFI ).
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Analyst Update: Quarterly Results and Leadership Changes
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed higher on Friday partly due to weakness in the value of the U.S. dollar, with the greenback sliding to $1.081 versus the euro, compared to Thursday's $1.066. The Dow Jones jumped 168.62 points or 0.9% to 18,127.65 and the S&P 500 advanced 18.79 points or 0.9% to 2,108.06. The Nasdaq climbed 34.04 points or 0.7% to 5,026.42, its best closing level since early 2000. The European markets ended Friday's session firmly in positive territory. Investor optimism for an agreement on Greece was the driving force behind the gains. The U.K.'s FTSE 100 was up 0.86% to 7,022.51, Germany's DAX 30 gained 1.18% to 12,039.37, and France's CAC 40 was up 1.00% to 5,087.49. Stock markets across the Asia-Pacific region however turned in a mixed performance. Japan's Nikkei 225 Index rose by 0.4%, while Hong Kong's Hang Seng Index fell by 0.4%.
The First Marblehead Corporation (First Marblehead) announced its Q2 FY 2015 financial results. Revenues for the period increased 5% YoY to $11.1 million, while net loss from continuing operations widened to $12.9 million from $8.7 million in Q2 FY 2014.
Global Cash Access Holdings, Inc. (Global Cash Access) recorded an 8% YoY increase in its revenues to $152.1 million during Q4 2014, while adjusted EBITDA for the quarter increased 40% YoY to $24.0 million. Cash earnings increased to $15.6 million for the quarter from $13.0 million in Q4 2013.
Green Dot Corporation's (Green Dot) adjusted EBITDA for Q4 2014 increased 47% YoY to $25.8 million. Non-GAAP operating revenues for the quarter were up 6% YoY to $153 million, while non-GAAP net income for the quarter was flat at $8.3 million versus corresponding prior year period. The Company also gave its guidance for 2015.
The J.G. Wentworth Company (J.G. Wentworth) recorded revenues of $127.3 million for Q4 2014, representing an increase of 19.4% YoY. For the quarter, its net income stood at $27.7 million, as compared to a net loss of $5.4 million in Q4 2013.
McGraw Hill Financial, Inc.'s (McGraw Hill) Director Harold ("Terry") McGraw III informed the Board of his decision not to stand for re-election as a Director at the Annual Meeting of Shareholders scheduled to take place on April 29, 2015. In recognition of Mr. McGraw's significant contributions to the Company, the Board of Directors will confer upon him the honorary title of "Chairman Emeritus" upon his retirement on April 29, 2015.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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, represented by Rohit Tuli, CFA®. An outsourced research services provider 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.
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SOURCE Analysts Review
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