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Last $7.66 USD
Change Today -0.31 / -3.89%
Volume 669.6K
GCA On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

global cash access holdings (GCA) Snapshot

Open
$7.97
Previous Close
$7.97
Day High
$7.97
Day Low
$7.63
52 Week High
06/6/14 - $9.29
52 Week Low
12/16/14 - $6.04
Market Cap
502.6M
Average Volume 10 Days
700.3K
EPS TTM
$0.35
Shares Outstanding
65.6M
EX-Date
--
P/E TM
22.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for GLOBAL CASH ACCESS HOLDINGS (GCA)

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global cash access holdings (GCA) Details

Global Cash Access Holdings, Inc. provides cash access services and related equipment and services to the gaming industry. The company operates in Cash Advance, ATM, Check Services, Games, and Other segments. Its cash access products and services include Casino Cash Plus 3-in-1 ATM, a cash-dispensing machine that offers patrons to access cash through ATM cash withdrawals, point-of-sale (POS) debit card transactions, and credit card cash access transactions. The company also offers check verification and warranty services, which allow gaming establishments to manage and reduce risks on patron checks that they cash; fully integrated kiosks that are multi-function terminals; and Jackpot kiosk, a multi-function employee kiosk, which allow casino personnel to immediately process and dispense taxable jackpots in the form of cash, tickets, or a combination of both. In addition, it provides Central Credit, a gaming patron credit bureau that allows gaming establishments in credit-granting decisions; anti-money laundering and tax compliance software solutions for gaming operators; non ATM terminals that perform authorizations for credit card cash access and POS debit card transactions; database services; and an online payment processing solution for gaming operators in states that offer intra-state, and Internet-based gaming and lottery activities. Further, the company offers various gaming products; and sells machines, as well as player terminals, licenses, back office systems, and other related equipment. Global Cash Access Holdings, Inc. sells its products and services to casinos and other gaming properties in the United States, Europe, Canada, the Caribbean, Central America, and Asia. The company was founded in 1998 and is headquartered in Las Vegas, Nevada.

900 Employees
Last Reported Date: 03/16/15
Founded in 1998

global cash access holdings (GCA) Top Compensated Officers

Executive Vice President of Client Operations
Total Annual Compensation: $340.0K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2013.

global cash access holdings (GCA) Key Developments

Global Cash Access Holdings, Inc. Announces Auditor Changes

On March 17, 2015, the audit committee of the board of directors of Global Cash Access Holdings, Inc. completed a competitive process to review the appointment of the company's independent registered public accounting firm for the 2015 fiscal year. As a result of this process and following careful deliberation, on March 18, 2015, the audit committee notified Deloitte & Touche LLP that it had determined to dismiss Deloitte as the company's independent registered public accounting firm, effective as of that same date. On and effective as of March 18, 2015, the company selected BDO USA, LLP as the company's independent registered public accounting firm, subject to BDO's completion of its standard client acceptance procedures.

Global Cash Access Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015; Reports Assets Impairment Charge for the Fourth Quarter of 2014

Global Cash Access Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, revenues increased $11.6 million, or 8% compared to the same period last year, to $152.1 million. Operating income was $0.4 million in the 2014 fourth quarter compared to operating income of $11.2 million for the 2013 fourth quarter. Net income was $5,749,000 compared to $5,704,000 a year ago. Adjusted earnings before interest, taxes, depreciation and amortization and non-cash compensation expense (Adjusted EBITDA) increased $6.9 million, or 40%, to $24.0 million for the fourth quarter of 2014, compared to Adjusted EBITDA of $17.1 million in the same period last year. The increase in Adjusted EBITDA includes $4.0 million from Multimedia Games. Loss from operations before income tax provision of $7.5 million compared to income from operations before income tax provision of $9.1 million in the fourth quarter of 2013. Diluted loss per share from continuing operations was $0.09 compared to diluted earnings per share of $0.08 for the 2013 fourth quarter. Cash EPS increased to $0.23 for the fourth quarter of 2014 from Cash EPS of $0.19 in the prior-year period. On a pro-forma basis, as if the acquisition of Multimedia Games was completed on January 1, 2014, the combined company would have reported full year 2014 revenue of $792.6 million and Adjusted EBITDA of $186.9 million and 2014 fourth quarter revenue of $192.7 million and Adjusted EBITDA of $42.7 million. EBITDA was $9,142,000 against $15,739,000 a year ago. Cash earnings were $15.6 million against $13.0 million for the same period a year ago. For the year, the company reported revenues of $593,053,000 against $582,444,000 a year ago. Operating income was $33,782,000 against $49,150,000 a year ago. Income from operations before tax was $20,301,000 compared to $38,885,000 a year ago. Net income was $12,140,000 compared to $24,398,000 a year ago. Diluted earnings per share were $0.18 against $0.36 a year ago. Net cash provided by operating activities was $4,334,000 compared to $157,488,000 a year ago. Capital expenditure was $18,021,000 compared to $13,900,000 a year ago. EBITDA was $56,726,000 against $ 66,088,000 a year ago. Adjusted EBITDA was $80,027,000 against $71,166,000 a year ago. Cash EPS was $0.88 against $0.78 compared to the same period last year. Cash earnings were $58.978 million against $52.707 million for the same period a year ago. For 2015, the company estimates that Adjusted EBITDA of between $218 million and $228 million in 2015. Projected operating income to be in the range of $79,800,000 to $89,800,000. Projected EBITDA to be in the range of $213,500,000 to $223,500,000. Projected Adjusted EBITDA to be in the range of $218,000,000 to $228,000,000. This outlook is based primarily upon the combination of the following assumptions: Single digit revenue growth in Payments business; Double-digit revenue growth in Games business; Double-digit increase in research and development costs related to the Games business; Depreciation and amortization of $130 million to $135 million driven by purchase price allocation for Multimedia Games, which significantly increased amortizable intangible assets; Capital expenditures to be within the range of $60 million to $70 million, including contract rights; and interest expense of approximately $95 million exclusive of amortization of debt issuance costs. For the fourth quarter, the company reported an asset impairment charge of $3.1 million.

Global Cash Access Holdings, Inc. to Report Q4, 2014 Results on Mar 10, 2015

Global Cash Access Holdings, Inc. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Mar 10, 2015

 

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Industry Analysis

GCA

Industry Average

Valuation GCA Industry Range
Price/Earnings 43.9x
Price/Sales 0.9x
Price/Book 2.3x
Price/Cash Flow 14.9x
TEV/Sales NM Not Meaningful
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