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Last $6.59 USD
Change Today -0.09 / -1.35%
Volume 819.0
FMD On Other Exchanges
Symbol
Exchange
New York
As of 1:20 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

first marblehead corp/the (FMD) Key Developments

The First Marblehead Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

The First Marblehead Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported total revenue of $11.14 million compared to $10.64 million a year ago. Loss from continuing operations, before income taxes was $12.64 million compared to $8.42 million a year ago. Net loss from continuing operations was $12.91 million or $1.12 per basic and diluted share compared to $8.68 million or $0.77 per basic and diluted share a year ago. Net loss was $12.71 million or $1.10 per basic and diluted share compared to $7.65 million or $0.68 per basic and diluted share a year ago. Non-GAAP net operating cash usage was $12.43 million compared to $8.22 million a year ago. For the six months, the company reported net revenue of $25.26 million compared to $23.34 million a year ago. Loss from continuing operations, before income taxes was $22.92 million compared to $20.12 million a year ago. Net loss from continuing operations was $23.44 million or $2.04 per basic and diluted share compared to $20.65 million or $1.84 per basic and diluted share a year ago. Net loss was $26.15 million or $2.28 per basic and diluted share compared to $19.20 million or $1.71 per basic and diluted share a year ago. Non-GAAP net operating cash usage was $18.48 million compared to $14.65 million a year ago.

The First Marblehead Corporation to Report Q2, 2015 Results on Feb 09, 2015

The First Marblehead Corporation announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Feb 09, 2015

The First Marblehead Corporation, Q2 2015 Earnings Call, Feb 09, 2015

The First Marblehead Corporation, Q2 2015 Earnings Call, Feb 09, 2015

The First Marblehead Corporation Announces Resignation of Dort A. Cameron III as Director

On January 5, 2015, Dort A. Cameron III resigned his position as a director of The First Marblehead Corporation, effective immediately.

The First Marblehead Corporation Announces Unaudited Consolidated Financial Results for the First Quarter Ended September 30, 2014

The First Marblehead Corporation announced unaudited consolidated financial results for the first quarter ended September 30, 2014. For the quarter, the company reported total revenues of $14,117,000 compared with $12,696,000 for the same period a year ago. Loss from continuing operations, before income taxes was $10,285,000 compared with $11,698,000 for the same period a year ago. Net loss from continuing operations was $10,528,000 or $0.92 per basic and diluted share compared with $11,973,000 or $1.07 per basic and diluted share for the same period a year ago. Net loss was $13,441,000 or $1.18 per basic and diluted share compared with $11,554,000 or $1.03 per basic and diluted share for the same period a year ago. Non-GAAP net operating cash usage was $6,046,000 compared with $6,427,000 for the same period a year ago. The increase in revenues included increases of $505,000 in fair value changes to service revenue receivables, $441,000 in Monogram(R)-based fee revenues, $339,000 in tuition management fees and $216,000 in fee income from the company's subsidiary Cology LLC. These revenue increases contributed to a $381,000 or 6% improvement in net operating cash usage. The $3.3 million decline in net income was primarily attributable to a fair value write-down of $2.3 million on Union Federal's private education loan portfolio coupled with a decline in revenues principally driven by decreased interest income resulting from the sales of portfolios of private education loans to RBS Citizens, N.A. in the third and fourth quarters of fiscal 2014.

 

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FMD

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Valuation FMD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.4x
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