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Everi Reports 2015 Third Quarter Revenue of $208.7 Million and Adjusted EBITDA of $51.5 Million
Reiterates Outlook for Fiscal 2015 Adjusted EBITDA of $200 Million - $205 Million
Sept. & Oct. seeing a good deal of insider buying.
ZACKS article should generate some positive attention.
Been a wild ride recently. Should see a good report. Holding LONG.
Absolutely nothing going on. Too bad.
ZACKS Article: 3 Business Services Stocks Likely to Excel in Q3 Earnings - EVRI is one of them.
"...Everi Holdings Inc. (EVRI - Snapshot Report): Founded in 1998 and Headquartered in Las Vegas, NV, Everi offers video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions and compliance and efficiency software. The company serves over 1,000 gaming establishment across the world..."
The company has a long-term earnings growth expectation of 20.0%. Everi currently carries a Zacks Rank #3 along with an Earnings ESP of +14.29%. The company is expected to report its third-quarter 2015 results after the closing bell on Nov 3.
See more at: http://www.zacks.com/stock/news/195580/3-business-services-stocks-likely-to-excel-in-q3-earning
Very nice to see. Looking for $2.00+ next week.
Unusual volume going off at the ASK with the pps being walked down with two 500 share trades.
12:58:42 0.0007 500 OTO
12:58:42 0.00085 500 OTO
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11:35:56 0.001 100000 OTO
11:35:50 0.001 10000
LAS VEGAS, Aug. 18, 2015 (GLOBE NEWSWIRE) -- Global Cash Access Holdings, Inc. (GCA) ("GCA" or the "Company") announced today that it has secured placement of a suite of its electronic gaming machines and payments solutions with the Scarlet Pearl Casino Resort in D'Iberville, MS, which is scheduled to open at the end of this year.
The initial agreement includes the sale and placement of multiple slot machine banks, including the Company's revolutionary TournEvent(R) slot tournament system. The award-winning TournEvent system enables operators to quickly and seamlessly switch from in-revenue gaming to out-of-revenue tournaments, bringing excitement to the slot floor. GCA video and mechanical reel slot machine titles, including Yardbirds(R), Carnival in Rio(R), and Wild Wild Gems(R) will also be featured at the Scarlet Pearl Casino Resort upon opening.
Scarlet Pearl Casino Resort will also utilize a full suite of cash access, marketing and compliance payments solutions, including:
• ATM/Cash access and check guarantee services
• Full-service kiosks and jackpot payment kiosks
• CentralCredit(TM) reporting services — the leading gaming patron credit bureau
• NEWave — the leading compliance software for anti-money laundering and tax reporting
• QuikMarketing services enabling operators to deliver highly targeted, cost-effective direct marketing initiatives to acquire new patrons and strengthen existing patron relationships
"Upon opening later this year, we are committed to provide our patrons with the best possible casino experience supported by the highest level of innovation, services, and solutions," said Denise Barton, CEO of Scarlet Pearl Casino Resort. Our strategic partnership with GCA for their gaming and payments solutions will help us to meet this goal. We are looking forward to building a long-term relationship with GCA and know that their ability to provide both games and payment services will help us better serve our patrons."
"Our industry-unique position as the only sole-source provider of both games and payments solutions allows us to offer a greater range of products across the casino floor and greater value to our casino customers," said Ram V. Chary, GCA President & Chief Executive Officer. "This agreement with the Scarlet Pearl Casino Resort is an exciting proof point of the early success we are having with cross-marketing our complementary solutions and a key driver of our ability to consistently grow our market share. We are committed to expanding our innovative and creative reach and are excited to partner with premier operators like the Scarlet Pearl Casino Resort."
No life here. Time to blow TAPS.
New Name & New Symbol...
LAS VEGAS, Aug. 13, 2015 (GLOBE NEWSWIRE) -- Global Cash Access Holdings, Inc. (GCA) (the "Company" or "GCA") announced today that the Company's corporate name will change to Everi Holdings Inc. effective August 24, 2015. The organization-wide rebranding, together with the Company's new logo and new corporate name, reflect the Company's successful transition to a full-service casino gaming equipment and payment solutions provider focusing on a broad range of opportunities to address customers' casino floor and technology needs. Concurrent with the August 24, 2015 name change, the Company will begin to trade under a new ticker symbol, "EVRI", on the New York Stock Exchange. To highlight the re-branding effort and celebrate the new ticker symbol, Company representatives will ring the opening bell at the New York Stock Exchange on August 24, 2015.
Ram V. Chary, President and Chief Executive Officer of GCA, commented, "The transition to the powerful Everi brand reflects our belief that we are a dynamic, growing organization delivering gaming, security and intelligence solutions to casino operators and engaging games and transactional security to patrons. The Everi brand is an important asset for us to use as we address new opportunities and expand the Company's market share."
Mr. Chary continued: "Everi offers a significantly greater range of product solutions to casino operators, including a growing portfolio of innovative and exciting games titles, the award-winning and perennial favorite TournEvent(R) and TournEvent of Champions(R), the central system for video lottery terminals installed at facilities across New York state, and a host of secure, technology-enhanced payments solutions that help get cash to the game floor."
Linda Trinh, Vice President, Marketing and Promotions of GCA, added, "We see Everi's identity to be one of confident possibilities that represents our commitment to casino operators to keep their casino floor running and buzzing, while giving patrons exciting and engaging game play. We're excited to show off our new corporate identity and to deliver on the promise that 'Everi Powers the Casino Floor.'"
The Company will introduce the new logo mark and trademarks for Everi Holdings at the Global Gaming Expo in Las Vegas (September 29 - October 1). All of the Company's successful current sub-brands, including TournEvent(R) and TournEvent of Champions(R) for the Games business and CashClub(R), CentralCredit(TM), and Everi Compliance(TM) (formerly NEWave) for the Payments business will continue to be supported.
Time to turn off the lights & shut the door?
Global Cash Access misses by $0.01, reports revs in-line; lowers FY15 adjusted EBITDA guidance
4:31 PM ET 7/28/15 | Briefing.com
Reports Q2 (Jun) cash earnings per share of $0.24 per share, $0.01 worse than the Capital IQ Consensus Estimate of $0.25; revenues rose 42.4% year/year to $206.36 mln vs the $205.83 mln consensus.
Co sees FY15 adjusted EBITDA of $200-205 mln, lowered from previous guidance of $218-228 mln.
"We continue to expect to achieve our targeted annual cost synergy run rate of $24.0 million by calendar year-end. However, based on our current business dynamics, our accelerated investment initiative and our rebranding activities, we have updated our 2015 Adjusted EBITDA to a range of $200 million to $205 million."
The swings continue.
Absolutely nothing new here. Just posting to keep my Moderator position valid.
Yesterday's trades:
06/23 0.0007 136794
06/23 0.0008 10000
TELSEY ADVISORY INITIATES COVERAGE ON GLOBAL CASH ACCESS AT OUTPERFORM, ANNOUNCES $14.00 PT
SNPMarketScopeViewsNews2015-06-02 07:17:39.000
(GCA) GLOBAL CASH ACCESS HOLDINGS, INC.Acquire MediaTELSEY ADVISORY INITIATES COVERAGE ON GLOBAL CASH ACCESS AT OUTPERFORM, ANNOUNCES $14.00 PT Telsey Advisory initiates coverage on Global Cash Access (NYSE: GCA) with a Outperform rating and a $14.00 price target.
I guess we should consider a burial here. Too bad. I truly thought this issue was ripe for a RM. I guess the new regulations have made them less likely.
Well, still bouncing around some. Market conditions not helping either. Low float makes the swings rather dramatic. GLTA!!!
GCA up strong from the opening with nearly 1.5 million shares traded. Something big might be in the works. Holding & watching. GLTY!!!
Global Cash Access reports EPS in-line, revs in-line
4:17 PM ET 5/5/15 | Briefing.com
Reports Q1 (Mar) earnings of $0.22 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.22; revenues rose 37.8% year/year to $207.5 mln vs the $206.97 mln consensus.
Adjusted EBITDA increased $31.2 mln, or 161%, to $50.6 mln for the first quarter of 2015 compared to Adjusted EBITDA of $19.4 mln for the same period last year.FY15 Outlook: GCA today reiterated its estimated outlook for Adjusted EBITDA of between $218 mln and $228 mln in 2015. GCA continues to expect Games revenues to grow at double-digit levels and Payments revenues to grow at single-digit levels in 2015.
Should continue to perform nicely in the future! GLTA!!!
FBCE appears to be dead in the water. GLTA!!!
Rated STRONG BUY
4/29/2015; ZACKS Investment Research wrote...
" Among other stocks in the sector, General Finance Corp. GFN and Global Cash Access Holdings Inc. GCA appear quite promising with a Zacks Rank #1 (Strong Buy). Meanwhile, financial services providers like Equifax Inc. EFX, carrying a Zacks Rank #2 (Buy), is also worth considering. "
Another BS 100 share trade to start the day & bring the pps down!
GLTA!!!
Very large swings over the last few days. Wonder if something is in the works??? GLTA!!!
Nothing new here. Playing games with the pps. Although they never raise the bid, they will occasionally lower it.
Nothing happening here. Too bad.
Market Has Not Yet Noticed Potential in Global Cash Access Holdings (GCA); Have You? - Tale of the Tape
Zack's Equity Research
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Global Cash Access Holdings, Inc. (GCA). This Financial – Miscellaneous Services stock has actually seen estimates rise over the past month for the current fiscal year by about 22.0%. But that is not yet reflected in its price, as the stock gained only 1.3% over the same time frame.
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 32.7%, which should ultimately translate into price appreciation.
And if this isn’t enough, GCA currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Global Cash Access Holdings. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for GCA and that now might be an interesting buying opportunity.
ZACKS EQUITY RESEARCH - Posted this morning
Investors certainly have to be happy with Global Cash Access Holdings, Inc. (GCA) and its short term performance. After all, the stock has jumped by 22.3% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for GCA?
While we can never know for sure, it is pretty encouraging that estimates for GCA have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. On Mar 10, the company reported higher-than-anticipated fourth quarter earnings per share. Plus, the stock actually has a Zacks Rank #1 (Strong Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.
Really enjoy these low float issues. GLTA!!!
Should see a significant increase in revenues in future quarters.
Nice move up today!
I knew it was just another head fake. If they want any of my shares, they'll need to take the pps to at least 5 cents. GLTA!!!
Another small move up. Interesting, but I'm still not convinced it's for real. Time will tell. I'm not going any where. GLTA!!!
Global Cash Access misses by $0.01, beats on revs
4:03 PM ET 3/10/15 | Briefing.com
Reports Q4 (Dec) cash earnings of $0.23 per share, $0.01 worse than the Capital IQ Consensus Estimate of $0.24; revenues rose 8.3% year/year to $152.1 mln vs the $142.45 mln consensus.
Reflecting the current operating and competitive environment, GCA estimates Adjusted EBITDA of between $218 million and $228 million in 2015 based on following key assumptions:
Single digit revenue growth in our Payments businessDouble-digit revenue growth in its Games businessDouble-digit increase in research and development costs related to the Games business
Looks like we go up tomorrow! GLTA!!!
Looks like they are trying to keep the pps down with small trades.
13:59:51 0.0015 65000 OTO
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09:30:02 0.002 25000
Getting some volume action over the last week. Another head fake?
This issue has me at a total loss??? GLTA!!!
Nice to see BOTH the bid & ask increase. GLTA!!!
Had to make several posts to be reinstated as monitor.
I don't know if the larger trades are people unloading.
Wondering if there is anyone else following this issue.