Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Bear Stearns Ups Shuffle Master to Outperform

Bear Stearns upgraded Shuffle Master (SHFL) to outperform from peer perform, after the casino gaming supply company on Monday announced quarterly results.

Shuffle Master, which makes products such as automatic card shufflers and roulette chip sorters, posted 21 cents first quarter earnings per share (EPS) from 18 cents EPS during the same quarter last year. It raised its fiscal year 2006 guidance to between $1.02 and $1.05.

Analyst Joseph Greff says the solid first quarter results increase his confidence in the likelihood that the company will have around 25% EPS growth over the next two years. He views Shuffle Master as a play on Macau table games growth (he sees another 4,000 to 5,000 tables over the next few years.) He says the company is making progress in increasing its penetration of newer products such as Table Master and Easy Chipper. He raises his $1.02 fiscal year 2006 (ending October) EPS estimate to $1.05 and sees $1.28 EPS in 2007. He has a $32 stock price target.

blog comments powered by Disqus