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SHFL Shuffle Master, Inc. Reports First Quarter 2012 Results and Enters Into an Agreement to Acquire Ongame Network Ltd.
SHFL PROVIDED BY PR Newswire - 4:00 PM 03/05/2012
LAS VEGAS, March 5, 2012 /PRNewswire/ -- Shuffle Master, Inc. (SHFL) today announced its results for the first quarter ended January 31, 2012. In a separate press release issued today, the Company also announced it had entered into a definitive agreement to acquire Ongame Network Ltd. ("Ongame Network") from bwin.party Services (Austria) Gmbh. The press release regarding the transaction can be accessed by clicking here.
(Logo: http://photos.prnewswire.com/prnh/20120304/AQ64113)
"I couldn't be more pleased with the great momentum and excitement that Shuffle Master (SHFL) has generated lately and the first quarter was no exception. Our record quarterly results, coupled with today's announcement about our entering into an agreement to acquire Ongame Network, demonstrates that we're growing our core businesses and successfully executing on our strategies to accelerate growth in the future," said Gavin Isaacs, Chief Executive Officer of the Company. "We achieved impressive first quarter record revenue and EBITDA driven by strong demand for our new MD3™ shuffler, increasing popularity of our progressive table games offerings, and continued momentum in our slot business. As our performance clearly highlights, our customer-centric philosophy remains at the core of everything we do. The execution of our agreement to acquire Ongame Network is a great example of how we will continue to partner with our customers to make gaming more fun for players and more profitable for operators."
First Quarter 2012 Financial Highlights
Total revenue increased year-over-year by 28% to $56.1 million, a first quarter record, due to strong Electronic Gaming Machine ("EGM") performance as well as lease, royalty and service revenue ("recurring revenue") growth in the Company's Utility and Proprietary Table Games ("PTG") segments.
Total recurring revenue was up 10% year-over-year and totaled $27.8 million, or 50% of total revenue.
GAAP net income grew 59% year-over-year to $7.6 million.
Diluted earnings per share ("EPS") grew 56% year-over-year to $0.14, compared to $0.09 in the prior year period.
Gross margin decreased 270 basis points year-over-year to approximately 64%, due primarily to decreased segment margin performance in the Utility and Electronic Table Systems ("ETS") segments.
Operating income margin increased 370 basis points year-over-year to 20%.
Adjusted EBITDA was a first quarter record, totaling $18.1 million, up 34% from $13.5 million in the year-ago quarter.
Selling, general and administrative ("SG&A") expenses increased $1.0 million year-over-year from $16.2 million to $17.2 million for the quarter, due primarily to a $1.1 million increase in payroll and related expenses, driven partially by the hiring of several open executive level positions, including the Chief Executive Officer, the General Counsel, and the Chief Strategic Officer of the Company, as well as an increase in sales and profit-driven compensation.
Net debt (total debt, less cash and cash equivalents) was $11.4 million, as compared to $17.1 million as of October 31, 2011.
Free Cash Flow(1), a non-GAAP financial measure, was $7.7 million, up 155% year-over-year.
"We continue to grow the business, generate cash and pay down debt," said Lin Fox, Shuffle Master (SHFL)'s Chief Financial Officer. "This has facilitated our commitment to invest in the business, as demonstrated with our acquisition of Fire Bet in the quarter and with today's announcement of our intent to purchase Ongame Network."
First Quarter 2012 Business Segment Highlights
Utility
Total Utility recurring revenue of $13.0 million grew 12% year-over-year, driven by increased shuffler leases in the United States and Asia, as well as strong MD3™ shuffler placements.
Total Utility revenue grew 13% to $19.6 million, largely due to increased units on leases and the sale of approximately 160 shufflers into Asia.
The Company achieved a record lease installed base of 8,025 shufflers, an 11% increase in units year-over-year. Approximately 400 new leases were recorded in the first quarter.
Gross margin decreased year-over-year from 63% to 57%, due primarily to decreases in average sales prices from units placed in Asia and to a lesser extent, increased depreciation on new lease placements.
The total MD3™ installed base grew to approximately 700 units, of which 62% are units on lease.
The total i-Deal® installed base grew to approximately 3,600 units, of which 57% are units on lease. The i-Deal® shufflers contributed roughly $3.5 million of lease revenue in the first quarter.
Proprietary Table Games
Total PTG recurring revenue for the first quarter increased 10% year-over-year to a record $11.4 million, primarily due to increased placements of Ultimate Texas Hold'em®, Mississippi Stud®, Dragon Bonus® and Three Card Poker Progressive™ in domestic markets.
Total PTG revenue increased by 22% year-over-year to $13.7 million, driven by $2.3 million received from online gaming operators for settlement and license fees for usage of the Company's valuable intellectual property.
Gross margin increased 190 basis points year-over-year to 84%.
The progressive installed base totaled over 1,000 units, up 316 units from the year-ago quarter, and achieved a record number of net placements in the quarter. Strong placements were fueled by Three Card Poker Progressive and Fortune Pai Gow Progressive™, and to a lesser extent the Company's new inter-casino progressive offering ("O-WAP").
Electronic Table Systems
Total ETS recurring revenue was $3.4 million, up 2% from the year-ago quarter, due to leased seats of Rapid Tables Games® in Asia and to a lesser extent, continued lease placements of Vegas Star® in New York.
Total ETS revenue for the quarter grew by 2% year-over-year to $8.3 million as a result of the sale of Rapid Table Games® into Australia, which includes the new multi-game feature.
Gross margin declined year-over-year from 57% to 50%, primarily as a result of 9% decrease in average sales price driven by discounts on refurbished units sold in Asia.
Electronic Gaming Machines
Total EGM revenue grew 104% to $14.5 million compared to the prior year period, driven by the continued success of the Equinox™ cabinet.
Gross margin remained relatively flat year-over-year at 62%.
Total placements of 745 EGMs in the first quarter grew 153% from the prior year period, driven by Equinox placements into Australia and to a lesser extent increased lease placements in Latin America and Asia.
Further detail and analysis of the Company's financial results for the first quarter ended January 31, 2012, is included in its Form 10-Q, which has been filed with the Securities and Exchange Commission today, March 5, 2012.
Webcast & Conference Call Information
Company executives will provide additional perspective on the Company's first quarter results and on the agreement to acquire Ongame Network during a conference call on March 5, 2012 at 2:00 pm Pacific Time. Those interested in participating in the call may do so by dialing (201) 689-8263 or toll-free (877) 407-0792 and requesting Shuffle Master (SHFL)'s First Quarter 2012 Conference Call. A hardcopy of the presentation materials may be printed from the Shuffle Master, Inc. (SHFL) Investor Relations website, http://ir.shufflemaster.com, shortly before the start of the call. In conjunction with the call, a live audio webcast and a Company slide presentation highlighting first quarter performance may be accessed at http://ir.shufflemaster.com. In order to access the live audio webcast please allow at least 15 minutes before the start of the call to visit Shuffle Master (SHFL)'s Investor Relations website and download/install any necessary audio/video software for the webcast. Immediately following the call and through April 5, 2012, a playback can be heard 24-hours a day by dialing (858) 384-5517 or toll-free (877) 870-5176; account number is 3055; conference I.D. number is 390409. Highlights from the conference call can be accessed on the Company's Investor Relations Twitter account, www.twitter.com/shfl_news.
About Shuffle Master, Inc. (SHFL)
Shuffle Master, Inc. (SHFL) is a leading global gaming supplier committed to making gaming more fun for players and more profitable for operators through product innovation, and superior quality and service. The Company operates in legalized gaming markets across the globe and provides state-of-the-art, value-add products in five distinct categories: Utility products, which include automatic card shufflers and roulette chip sorters; Proprietary Table Games, which includes live games, side bets and progressives; Electronic Table Systems, which include various e-Table game platforms; Electronic Gaming Machines, which include video slot machines; and newly introduced iGaming, which features online versions of Shuffle Master (SHFL)'s table games, social gaming, and mobile applications. The Company is included in the S&P Smallcap 600 Index. Information about the Company and its products can be found on the Internet at www.shufflemaster.com, or on Facebook, Twitter and YouTube.
Forward Looking Statements
This release and all presentation materials accessible from this release contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements included in this release other than statements that are purely historical are forward-looking statements. Forward-looking statements include, without limitation: (a) the Company's expectation that it will complete the acquisition of Ongame Network Ltd. ("Ongame Network") and that this acquisition will be complementary to the Company's core business and will accelerate the Company's future growth; (b) the Company's ability to implement its strategic, growth and operational plan successfully, including the integration of Ongame Network upon completion of the acquisition, is subject to many factors, some of which are beyond the Company's control; (c) the Company is dependent upon the success of its customers and risks that impact the Company's customers may adversely impact the Company and its ability to continue to form strong partnerships with them; (d) the Company's belief that EPS and Adjusted EBITDA are useful widely referenced performance measures in the Company's industry that references to them are helpful to investors; (e) the Company's estimates of diluted EPS and Adjusted EBITDA and the assumptions upon which they are based; and (f) the Company's assumptions of the potential success for its products in the very competitive marketplace in which the Company operates. The Company's beliefs, expectations, forecasts, objectives, anticipations, intentions and strategies regarding the future, including without limitation those concerning expected operating results, revenues and earnings are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from results contemplated by the forward-looking statements, including but not limited to: (a) unexpected events that prohibit the Company from closing the acquisition of Ongame Network; (b) the Company's inability to accomplish its innovation objectives or unexpected factors that limit or eliminate the Company's ability to implement its strategic and operational plans, integration objectives, or undertake or complete any of its growth initiatives; (c) inaccuracies in the Company's assumptions as to the financial measures that investors use or the manner in which such financial measures may be used by such investors; (d) reduced demand for or increased competition with the Company's products that affects its EPS and Adjusted EBITDA; (e) the Company's inability to accurately gauge the commercial appeal of its products; and (f) unexpected changes in the market and economic conditions and reduced demand for or increased competition with the Company's products. Additional information on risk factors that could potentially affect the Company's financial results may be found in documents filed by the Company with the Securities and Exchange Commission, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K, and are based on information available to the Company on the date hereof. The Company does not intend, and assumes no obligation, to update any forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
(1) Free Cash Flow is Adjusted EBITDA less capital expenditures and cash paid for taxes.
SHFL - Shuffle Master, Inc. Announces First Quarter 2012 Conference Call and Earnings Release Now Scheduled for Today
News Link
GLTA
Bob
SHFL - Shuffle Master, Inc. to Announce First Quarter 2012 Results
News Link
GLTA
Bob
SHFL - Shuffle Master Receives Top Honors at Inaugural International Table Games Awards
News Link
GLTA
Bob
I will update my SHFL DD posts. Thanks.
SHFL is now a DD-Pick on HOSS TRACKZ iBox.
The logo there is linked to a DD post:
http://investorshub.advfn.com/boards/board.aspx?board_id=23067
So that's the news that brought a gap & support 10-24-2012 Shuffle Master, Inc. and OpenBet Ltd. Announce Internet Software License Agreement
http://ih.advfn.com/p.php?pid=nmona&article=49644330
May well DD-feature it.
Check this news link from October:
News Link
SHFL may be the stock that keeps on giving this year. I'm projecting that it hits $20.00 PPS by the end of the year. The other part of the reason the picture of the laptop in the IBOX.
GLTA
Bob
B'marked.
SHFL - Shares of Shuffle Master Rise to a New 52-Week High
13 hours 23 minutes ago - Financial News NetwFork Online - 52-week High-Lows via Comtex
Shuffle Master (NASDAQ:SHFL) traded today at a new 52-week high of $12.99. Approximately 130,000 shares have changed hands today, as compared to an average 30-day volume of 374,000 shares.
In the past 52 weeks, Shuffle Master share prices have been bracketed by a low of $7.35 and a high of $12.99 and are now at $12.80, 74% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.
Potential upside of 8.1% exists for Shuffle Master, based on a current level of $12.80 and analysts' average consensus price target of $13.83. The stock should find initial support at its 50-day moving average (MA) of $11.41 and further support at its 200-day MA of $10.04.
Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
GLTA
Bob
SHFL - G2E Video from casinoenterprisemanagement.com:
Video Link
GLTA
Bob
SHFL - Shuffle Master Shares Climbing Higher, Up 3.5%
20 minutes ago - Financial News Network Online - Market Movers via Comtex
Up 3.5% to $12.34, Shuffle Master (NASDAQ:SHFL), is one of today's notable movers. The Dow is down 0.3% to 12,375 and the S&P is currently trading fractionally lower to 1,278.
Shuffle Master has overhead space with shares priced $12.34, or 10.8% below the average consensus analyst price target of $13.83. Shuffle Master shares have support at the 50-day moving average (MA) of $11.07 and additional support at the 200-day MA of $9.96.
In the past 52 weeks, Shuffle Master share prices have been bracketed by a low of $7.35 and a high of $12.40 and are now at $12.34, 68% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.
Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
SHFL - Shares of Shuffle Master Under Pressure, Down 2.3%
6 hours 13 minutes ago - Financial News Network Online - Market Movers via Comtex
Shuffle Master (NASDAQ:SHFL) is one of today's notable stocks in decline, down 2.3% to $11.70. The Dow Jones Industrial Average is now trading 0.4% lower to 12,347 and the S&P is trading 0.6% lower to 1,269.
Shuffle Master has overhead space with shares priced $11.70, or 15.4% below the average consensus analyst price target of $13.83. The stock should find initial support at its 50-day moving average (MA) of $11.01 and further support at its 200-day MA of $9.95.
Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.
Shuffle Master share prices have moved between a 52-week high of $12.21 and a 52-week low of $7.35 and are now trading 59% above that low price at $11.70 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
SHFL - News page on IHUB with many links:
IHUB News Link
GLTA
Bob
SHFL - Shuffle Interactive in additon to the DOJ ruling should make Shuffle Master a great candidate for a long position in 2012!
GLTA
Bob
SHFL - Buyers Accumulate Shares of Shuffle Master, Up 2.1%
1 hours 10 minutes ago - Financial News Network Online - Market Movers via Comtex
Shuffle Master (NASDAQ:SHFL) is a company whose shares are active, trading 2.1% higher to $12.04. The S&P is currently trading fractionally higher to 1,267 and the Dow Jones Industrial Average is trading fractionally higher to 12,307.
Shuffle Master share prices have moved between a 52-week high of $12.21 and a 52-week low of $7.35 and are now trading 64% above that low price at $12.04 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.6%.
There is potential upside of 14.9% for shares of Shuffle Master based on a current price of $12.04 and an average consensus analyst price target of $13.83. Shuffle Master shares have support at the 50-day moving average (MA) of $10.86 and additional support at the 200-day MA of $9.90.
Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
SHFL - Shuffle Master Posts Fourth Quarter and Fiscal Year Ended 2011 Results
8 hours 16 minutes ago - Close-Up Media via Comtex
Shuffle Master announced its results for the fourth quarter and fiscal year ended October 31.
"It was a sensational year at Shuffle Master and we ended it the way we wanted to, with a blockbuster fourth quarter," said Gavin Isaacs, Chief Executive Officer of Shuffle Master. "By nearly every financial metric we use, including revenue, recurring revenue and Adjusted EBITDA, the quarter and the year, were record breakers for us. It's important to view these results not only as a testament to past performance, but also as a benchmark for our future. By continuing to raise our expectations and our efforts, we believe we will ensure the best days for this Company are the ones that lie ahead."
In a release on December 20, the Company noted that fourth quarter 2011 financial highlights include:
-Revenue increased year-over-year by 12 percent to a record $65.7 million, up from $58.6 million in the prior year period.
-Total lease, royalty and service ("recurring") revenue was up 12 percent year-over-year and 3 percent sequentially, and totaled $27.6 million.
-GAAP net income increased 71 percent year-over-year to a record $9.7 million, compared to $5.7 million in the prior year period.
-Diluted earnings per share ("EPS") increased 80 percent year-over-year to $0.18, compared to $0.10 in the prior year period. EPS in the prior year period included one-time charges of $0.03 for a legal settlement and $0.01 for the Company's previous credit agreement's financing costs.
-Gross margin improved year-over-year from 60 percent to 63 percent due to improved Electronic Gaming Machine ("EGM") margins driven by higher average sales prices and value engineering on the new Equinox cabinet.
-Operating income margin increased 480 basis points year-over-year to 22 percent.
-Adjusted EBITDA was a Company record, totaling $22.7 million and up 42 percent year-over-year.
-Selling, general and administrative ("SG&A") expenses decreased 4 percent year-over-year to $18.5 million for the quarter.
-Free Cash Flow, a non-GAAP financial measure, was $15.9 million as compared to $11.3 million in the prior year period.
Fiscal Year 2011 Financial Highlights
-Revenue reached a Company record of $227.8 million, a year-over-year increase of approximately 13 percent or $26.5 million.
-Year-to-date recurring revenue was up 12 percent year-over-year and totaled $105.8 million, or nearly half of total revenue.
-Net debt (total debt, less cash and cash equivalents) was $17.1 million, the lowest since 2003, and $39.2 million lower than the end of fiscal year 2010.
-Gross margin increased 100 basis points year-over-year to approximately 63 percent due to strong segment performance and positive foreign exchange impact.
-GAAP net income and diluted EPS increased to $31.6 million and $0.57, respectively, compared to $23.1 million and $0.43 in fiscal year ended 2010.
-Adjusted EBITDA totaled $74.7 million, up 20 percent year-over-year.
-SG&A increased $1.8 million, or 3 percent year-over-year. As a percentage of total revenue, SG&A represented 30 percent as compared to 33 percent in fiscal year ended 2010.
-Cash and cash equivalents totaled $22.2 million as of October 31, as compared to $10.0 million as of October 31, 2010.
-Revenues from outside of the United States totaled $126.8 million, representing 56 percent of total revenues in fiscal year ended 2011.
"What really stands out for me in our results is our ability to consistently generate such strong cash flow," said Lin Fox, Chief Financial Officer of the Company. "Not only did we drive record revenue and net income this year, but at the same time we reduced our net debt by $39 million, or 70 percent. Our balance sheet is the best it's been in years, something that gives us the flexibility to take advantage of any opportunities we find attractive."
Fourth Quarter 2011 Business Segment Highlights
Utility
-Total Utility recurring revenue of $12.8 million grew over 13 percent year-over-year driven by increased leases of the i-Deal, MD3, and one2six shufflers.
-Total Utility revenue grew 27 percent year-over-year to $23.8 million, due largely to increased units on lease and to 212 shufflers sold to a customer in Macau in the fourth quarter.
-Gross margin remained relatively flat year-over-year at 62 percent.
-The total MD3 installed base grew to 475 units, of which approximately 55 percent are units on lease.
-The total i-Deal installed base grew to 3,500 units, of which approximately 60 percent are units on lease. i-Deal lease revenue was over $3.3 million in the fourth quarter and approximately $12.3 million for the fiscal year.
Proprietary Table Games ("PTG")
-Total PTG recurring revenue for the fourth quarter grew 12 percent year-over-year to $11.0 million.
-Total PTG revenue increased by 9 percent to $11.2 million, led by strong lease placements of premium games and progressives.
-Gross margin remained relatively flat at 81 percent.
-As of the fourth quarter the progressive add-on installed base totaled 860 units. Fortune Pai Gow Poker Progressive and Three Card Poker Progressive comprised approximately 65 percent of all progressive add-ons.
Electronic Table Systems ("ETS")
-Total ETS recurring revenue grew 9 percent year-over-year to $3.7 million predominantly due to new lease placements of Vegas Star in New York.
-Total ETS revenue for the quarter decreased by 28 percent to $7.2 million due to fewer sales as compared to the prior year period. The prior year quarter included an additional $3.5 million in sales of Vegas Star and Rapid Table Games in Australia and Singapore.
-Gross margin decreased year-over-year from 36 percent to 26 percent due to decreased sales, a service initiative in the U.S. to refurbish older Table Master units in the field as well as sales of older Table Master units into Latin America.
Electronic Gaming Machines
-Total EGM revenue grew over 20 percent to a record $23.5 million compared to the prior year period driven primarily by continued momentum from the Equinox cabinet and new, popular titles.
-Gross margin increased year-over-year from 60 percent to 66 percent primarily due to more efficient production costs from higher volumes, a better designed cabinet, and higher average sales prices.
-Total placements of 1,256 EGMs in fourth quarter grew 18 percent from the prior year period driven by Equinox placements in Australia.
Shuffle Master is a global gaming supplier committed to making gaming more fun for players and more profitable for operators through product quality and service.
More information:
www.shufflemaster.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
SHFL - Shuffle Master's Shares Changing Hands at Higher Prices on 4.0x Above-Average Volume (SHFL)
Financial News Network Online - Unusual Volume via Comtex
Shares of Shuffle Master are trading today in above average volume, with the share price rising 10.5% to $11.85. Approximately 1.1 million shares have changed hands today vs. average 30-day volume of 264,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
Potential upside of 16.7% exists for Shuffle Master, based on a current level of $11.85 and analysts' average consensus price target of $13.83. The stock should find initial support at its 50-day moving average (MA) of $10.74 and further support at its 200-day MA of $9.86.
Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.
Shuffle Master share prices have moved between a 52-week high of $12.21 and a 52-week low of $7.35 and are now trading 61% above that low price at $11.85 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.1%.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
SHFL - Shuffle Master 4Q Profit Up 71% On Electronic Gaming Unit
11 hours 11 minutes ago - Dow Jones News
DOW JONES NEWSWIRES
Shuffle Master Inc.'s (SHFL) fiscal fourth-quarter earnings jumped 71% as the gambling-equipment maker benefited from stronger sales, especially in its electronic gaming segment.
Revenue has continued to improve for Shuffle Master--which makes automatic card shufflers, roulette chip sorters, video slot machines and electronic table game platforms--as the company focuses more on its leasing and royalties business, lending more predictability than is typical for sales and services to casinos.
Shuffle Master's growth prospects also have improved as more states legalize live tables and signs of a growing economic recovery boost discretionary spending.
For the quarter ended Oct. 31, Shuffle Master posted a profit of $9.7 million, or 18 cents a share, up from $5.7 million, or 10 cents a share, a year earlier. The year-ago period included 4 cents a share of charges tied to a legal settlement and certain financing costs. Revenue grew 12% to $65.7 million.
Analysts polled by Thomson Reuters expected profit of 17 cents a share and $62 million of revenue.
Gross margin widened to 62.5% from 60% as the cost of sales and service declined.
Revenue from product leases and royalties rose 13%. Product sales and service revenue was up 11%.
The company's electronic gaming segment led recurring revenue growth with a 20% sales jump, while more efficient production costs, stronger volumes and higher average sales prices boosted the unit's margins.
Shares were recently up 5 cents at $10.77 after hours Monday. The stock has climbed 26% over the past three months.
-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; andrew.fitzgerald@dowjones.com
(END) Dow Jones Newswires
12-20-11 1626ET
Copyright (c) 2011 Dow Jones & Company, Inc.
SHFL - Dragon Bonus from company website:
SHFL - Casino War from company website:
SHFL - Shares of Shuffle Master Under Pressure, Down 5.1%
Financial News Network Online - Market Movers via Comtex
Shuffle Master (NASDAQ:SHFL) is a company whose shares are active, trading 5.1% lower to $10.93. The Dow is down 0.3% to 11,835 and the S&P is currently trading fractionally higher to 1,217.
Shuffle Master has overhead space with shares priced $10.93, or 21.0% below the average consensus analyst price target of $13.83. The stock should find initial support at its 50-day moving average (MA) of $10.63 and further support at its 200-day MA of $9.84.
Shuffle Master share prices have moved between a 52-week high of $12.21 and a 52-week low of $7.35 and are now trading 49% above that low price at $10.93 per share. The 200-day and 50-day moving averages have moved 0.46% higher and 2.49% higher over the past week, respectively.
Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
SHFL - Shares of Shuffle Master Have Risen Above Previous 52-Week High
Financial News NetwFork Online - 52-week High-Lows via Comtex
Shares of Shuffle Master (NASDAQ:SHFL) traded at a new 52-week high today of $12.21. Approximately 241,000 shares have changed hands today, as compared to an average 30-day volume of 254,000 shares.
Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.
In the past 52 weeks, shares of Shuffle Master have traded between a low of $7.35 and a high of $12.21 and are now at $12.17, which is 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has risen 0.3%.
Shuffle Master (NASDAQ:SHFL) has potential upside of 13.7% based on a current price of $12.17 and analysts' consensus price target of $13.83. The stock should find initial support at its 50-day moving average (MA) of $10.44 and further support at its 200-day MA of $9.80.
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Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
SHFL - Bullish Moving Average Cross by Shuffle Master
Financial News Network Online - Moving Average Crossovers via Comtex
Shuffle Master (NASDAQ:SHFL) crossed over its 10-day moving average of $11.29 on a volume of 127K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.Shuffle Master, Inc. is a gaming supply company that provides products and services to the casino industry. The Company offers card shuffling systems and other table gaming equipment, table games, and video game software.
There is potential upside of 20.1% for shares of Shuffle Master based on a current price of $11.52 and an average consensus analyst price target of $13.83. Shuffle Master shares have support at the 50-day moving average (MA) of $10.31 and additional support at the 200-day MA of $9.78.
Shuffle Master share prices have moved between a 52-week high of $11.80 and a 52-week low of $7.35 and are now trading 57% above that low price at $11.52 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.3% while the 200-day MA has risen 0.4%.
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SHFL - Shuffle Master Sets Date to Report Financial Results for Fourth Quarter and Fiscal Year 2011
Close-Up Media via Comtex
Shuffle Master announced that it will hold a conference call to discuss its operating results for the fourth quarter and fiscal year ended October 31 on Tuesday, December 20 at 2pm (PST).
The dial-in numbers are as follows:
- Domestic: (201) 689-8263
- Toll-Free: (877) 407-0792
Shortly before the conference call, the company will issue an earnings release providing a summary of its operating results. The earnings release will be available on the company's website at ShuffleMaster.com.
The live audio webcast may be accessed at ShuffleMaster.com simultaneously with the commencement of the call. Please allow at least 15 minutes to register and download any necessary software. Following the live broadcast, interested parties may replay the webcast by accessing the company's website.
Shuffle Master is an international gaming supplier specializing in providing its casino customers with improved profitability, productivity and security, as well as gaming entertainment content.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
SHFL From BusinessWire via Comtex
Shuffle Master, Inc. to Announce Fourth Quarter and Fiscal Year 2011 Financial Results
Shuffle Master, Inc. (NASDAQ Global Select Market: SHFL) announced today that it will hold a conference call to discuss its operating results for the fourth quarter and fiscal year ended October 31, 2011, with the details as follows:
Date: Tuesday, December 20, 2011
Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)
Dial-In Number: (201) 689-8263 or toll-free (877) 407-0792
Shortly before the conference call, the Company will issue an earnings release providing a summary of its operating results. The earnings release will be available on the Company's website, www.shufflemaster.com.
The Company anticipates filing its annual report on Form 10-K with the Securities and Exchange Commission on or before January 17, 2012.
The live audio webcast may be accessed at www.shufflemaster.com simultaneously with the commencement of the call. Please allow at least 15 minutes to register and download any necessary software. Following the live broadcast, interested parties may replay the webcast by accessing the Company's website.
Real-time updates of the conference call will be available on the Company's Investor Relations Twitter feed: www.twitter.com/SHFL_News. The Twitter feed can also be viewed on the Shuffle Master website under the "For Investors" page.
Quiet Period
In accordance with fair disclosure and corporate governance best practices, Shuffle Master will respect a Quiet Period effective at the time of this release, ending immediately after the conference call on December 20, 2011.
About Shuffle Master, Inc.
Shuffle Master, Inc. (the "Company" or "Shuffle Master") is a leading global gaming supplier specializing in providing its casino customers with improved profitability, productivity and security, as well as popular and cutting-edge gaming entertainment content, through value-add products in five distinct categories: Utility products, which include automatic card shufflers and roulette chip sorters; Proprietary Table Games, which includes live games, side bets and progressives; Electronic Table Systems, which include various e-Table game platforms; Electronic Gaming Machines, which include video slot machines; and newly introduced i-Gaming, which will feature online versions of Shuffle Master's table games, social gaming, and mobile applications. The Company is included in the S&P Smallcap 600 Index. Information about the Company and its products can be found on the Internet at www.shufflemaster.com, or on Facebook, Twitter and YouTube.
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