Blog Coverage Amaya Increased FY16 Outlook; Announced Retirement of CFO
ACCESS Newswire
Upcoming AWS Coverage on Scientific Games
LONDON, UK / ACCESSWIRE / January 23, 2017 / Active Wall St. blog coverage looks at the headline from Amaya Inc. (NASDAQ: AYA) as the Company disclosed on January 20, 2017, updates on its previously announced guidance ranges for FY16. The Canadian Company also provided related performance and operational highlights and announced the retirement of its Chief Financial Officer, Daniel Sebag. Amaya intends to announce the date and time for release of its FY16 financial results along with related conference call and webcast details in early March. Register with us now for your free membership and blog access at:
One of Amaya's competitors within the Gaming Activities space, Scientific Games Corp. (NASDAQ: SGMS), is estimated to report earnings on February 23, 2017. AWS will be initiating a research report on Scientific Games following the release of its next earnings results.
Today, AWS is promoting its blog coverage on AYA; touching on SGMS. Get all of our free blog coverage and more by clicking on the links below:
For FY16, Amaya is expecting revenues to be between $1.153 billion and $1.158 billion which are the high-end of the previously announced range of between $1.137 billion and $1.157 billion, and compared to revenue of approximately $1.07 billion for FY15. The company is forecasting adjusted EBITDA in the range of $521 million and $526 million compared to the previous range of between $500 million and $510 million, and compared to approximately $459 million in FY15.
For FY16, Amaya said it is anticipating adjusted net earnings in the band of $364 million to $374 million compared to the previous range of between $344 and $354 million, and as compared to approximately $291 million for FY 2015. Adjusted net earnings per diluted share are projected to be in the range of $1.87 and $1.92 per share compared to the previous range of between $1.78 and $1.83 per share, and compared to $1.47 in 2015.
"We anticipate that 2016 will be a record year of revenues for Amaya," said Rafi Ashkenazi, the Company's Chief Executive Officer, "We also saw better than expected fourth quarter results from our casino offering, operational excellence program, and a successful re-launch in Portugal, all while continuing to take an efficient and measured approach to marketing our product offerings."
"We expect to continue this momentum and execute on our strategy in 2017 despite anticipated further headwinds, including continued declines in the value of our customers' local currencies against the US dollar, which has been significant over the past two years, and the previously announced potential cessation of our real-money online poker offering in Australia," added Mr. Ashkenazi.
Q4 2016 Operational Highlights
Amaya noted that for Q4 FY16, Quarterly Real-Money Active Unique (QAUs) – total combined QAUs were approximately 2.6 million, an increase of approximately 8% on a y-o-y basis. The Company stated that approximately 2.5 million of QAUs played online poker during the reported quarter, an increase of approximately 5% y-o-y, while Amaya's online casino offerings had approximately 648,000 QAUs, an increase of approximately 47% year-over-year, which Amaya continues to estimate is one of the largest casino player bases among its competitors. Amaya's emerging online sportsbook offerings had approximately 247,000 QAUs, an 88% increase on a y-o-y basis. During Q4 FY17, Amaya's customer registrations increased by 2.6 million to approximately 108 million at the end of the year.
Retirement of CFO and Certain Appointments
Amaya announced that Daniel Sebag will retire as Chief Financial Officer later this year once his successor is identified and appointed, and the former will assist Amaya in ensuring an orderly transition of his duties. The Board of Directors has retained Spencer Stuart, a leading executive recruiting firm, to advise the Board and launch a global CFO search.
Mr. Sebag joined Amaya in 2007 as its first CFO and managed the Company's finances and accounting as a start-up through its initial public offering and its transformation to a consumer technology Company through the $4.9 billion Rational Group acquisition in August 2014.
Stock Performance
At the close of trading session on January 20, 2017, Amaya's stock price rose 3.38% to end the day at $13.75. A total volume of 90.17 thousand shares were exchanged during the session. The Company's share price has soared 31.08% on an YTD basis. The stock has a P/E of 53.29 and currently has a market cap of $1.99 billion.
Active Wall Street:
Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
