* SHFL $26~$32~$34 beats by $0.02, beats on revs; reiterates Y06 guidance (SHFL) 26.23 +0.25: Reports Q1 (Jan) earnings of $0.23 per share, $0.02 better than the Reuters Estimates consensus of $0.21; revenues rose 31.3% year/year to $33.3 mln vs the $31.3 mln consensus. Co issues upside guidance for FY06, sees EPS of $1.02-1.05 vs. $1.02 consensus. Consistent with previous guidance, mgmt is targeting ~25% growth in quarter-over-quarter fiscal 2006 EPS (EPS guidance excludes the adoption of FAS 123R and any contribution from the recently announced Stargames acquisition, which it anticipates will be neutral to slightly accretive to fiscal 2006 EPS)
Shuffle Master Conference Call Summary (SHFL) 26.23 +0.25: Co believes international revenues are poised to grow faster than domestic revs for the next several years... will begin consolidating Stargames results in Q2... International revenues are now 25% of total revenues; expect Stargames will increase the global effect... Cash Flow: will continue to allocate capital into internal growth initiatives; will look to make acquisitions that will either increase distirbution, earnings or technology; will look to return capital to shareholders through repurchases... Macau opportunity: Says it is an important market for SHFL; says they are leaders in the the shufflers and other utility product markets; believes a high precentage of new tables will carry shufflers; anticipate going forward that electronic wagering will be important and they will be a leader in that category... co says there are more roulette tables internationally than domestically... pricing: on shuffler side increases are modest; find newer generation products are simply higher priced, tough to give a percentage difference; says modest increase due to an increase in cost of service on units; says table games saw an increase on 3-card poker, will see some average lease price increase; says in general across the board the pricing trend is up... co expects that some content will be on Stargames product in the next 3-6 months and some of that product will go into macau; expect macau to be the first destination... stock is trading at $27.70, +1.47 in after hours trading. 20-Mar-06 16:42 ET In Play Shuffle Master beats by $0.02, beats on revs; reiterates Y06 guidance (SHFL) 26.23 +0.25: Reports Q1 (Jan) earnings of $0.23 per share, $0.02 better than the Reuters Estimates consensus of $0.21; revenues rose 31.3% year/year to $33.3 mln vs the $31.3 mln consensus. Co issues upside guidance for FY06, sees EPS of $1.02-1.05 vs. $1.02 consensus. Consistent with previous guidance, mgmt is targeting ~25% growth in quarter-over-quarter fiscal 2006 EPS (EPS guidance excludes the adoption of FAS 123R and any contribution from the recently announced Stargames acquisition, which it anticipates will be neutral to slightly accretive to fiscal 2006 EPS)
Reports Q3 (May) earnings of $0.26 per share, including charges that analysts were including in their estimates, $0.05 better than the Reuters Estimates consensus of $0.21; revenues rose 36.2% year/year to $106.8 mln vs the $105 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.53-0.56, including items, vs. $0.57 consensus. Co issues in-line guidance for FY06, sees EPS of $1.17-1.20, up from previous co guidance of $1.16-1.19, including charges vs. $1.17 consensus. Briefing.com note: EPS consensus and actual are reported on a GAAP basis.