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Last C$27.82 CAD
Change Today +0.06 / 0.22%
Volume 112.9K
MBT On Other Exchanges
Symbol
Exchange
Stuttgart
Toronto
OTC US
As of 4:00 PM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

manitoba telecom svcs inc (MBT) Snapshot

Open
C$27.88
Previous Close
C$27.76
Day High
C$27.91
Day Low
C$27.69
52 Week High
07/29/14 - C$33.10
52 Week Low
02/6/15 - C$23.13
Market Cap
2.2B
Average Volume 10 Days
386.7K
EPS TTM
C$1.50
Shares Outstanding
78.9M
EX-Date
06/11/15
P/E TM
18.5x
Dividend
C$1.30
Dividend Yield
5.75%
Current Stock Chart for MANITOBA TELECOM SVCS INC (MBT)

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manitoba telecom svcs inc (MBT) Details

Manitoba Telecom Services Inc. provides telecommunication services to residential and business customers in Canada. It operates in two segments, MTS and Allstream. The company’s wireless services include post-paid and pre-paid cellular services; wireless data services; paging services; and group communications services, such as FleetNet 800, a two-way wireless communications solution to dispatch communications for enterprises, police departments, transportation companies, and other emergency services. It also offers Internet services comprising high-speed and dial-up Internet services; Internet protocol television services; information solution services; converged IP services, such as IP-based networking and related products and services; unified communications solutions and services, which comprise the integration of telephony and video conferencing with non-real-time communication services, including integrated voicemail and e-mail; collocation and managed hosting services; and security and monitoring services for IP networks, applications, and underlying databases, as well as managed security services. In addition, the company provides local voice access, long distance voice, and legacy data services; and sells and maintains terminal equipment, such as telephone switches and hardware products. It operates a fiber optic network that spans approximately 30,000 kilometers. Manitoba Telecom Services Inc. offers its products and services under the MTS brand through retail and corporate sales channels, MTS Connect stores, customer contact centers, bill payment agents, direct sales, and multi-dwelling unit programs, as well as through its Website. The company was founded in 1908 and is headquartered in Winnipeg, Canada.

4,863 Employees
Last Reported Date: 02/4/15
Founded in 1908

manitoba telecom svcs inc (MBT) Top Compensated Officers

Chief Financial Officer and Corporate Control...
Total Annual Compensation: C$483.1K
President of MTS
Total Annual Compensation: C$508.8K
President of Allstream
Total Annual Compensation: C$350.0K
Chief Corporate & Strategy Officer and Corpor...
Total Annual Compensation: C$382.5K
Compensation as of Fiscal Year 2014.

manitoba telecom svcs inc (MBT) Key Developments

Manitoba Telecom Services Inc. Announces Executive Changes

Manitoba Telecom Services Inc. announced that these changes also result from the retirement of Kelvin Shepherd, President of the company, later this year and the departure of Wayne Demkey, chief financial officer the company on July 31, 2015. With the retirement of Kelvin Shepherd, Mr. Forbes will assume the responsibilities of President of the company in addition to his CEO role. With Mr. Demkey's departure to pursue other interests, Mr. Paul Cadieux CA, CBV, will assume the role of Chief Financial Officer, effective July 31, 2015 after the completion of the second quarter reporting cycle. Demkey and Cadieux will work together closely to close out the second quarter and ensure a seamless transition of the CFO role. Cadieux joined the Company 18 years ago and has been a key contributor to the company most recently as Vice President Finance, Procurement and Real Estate. Following Jay Forbes' commencement as the new CEO in January of 2015, both MTS and Allstream undertook in depth situational assessments and announced refreshed strategic plans in May.

MTS Announced Strategic Review Process’ Outcome

Manitoba Telecom Services, Inc. (TSX:MBT) (MTS) and its units, MTS Inc. and Allstream Inc. have announced the outcome of strategic review process. MTS indicated that as part of charting a new course a new strategic focus including creating a customer-first organization, growing revenue faster, and investing in the future, among others.

Manitoba Telecom Services, Inc. Declares Quarterly Cash Dividend for the Second Quarter of 2015, Payable on July 15, 2015; Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Manitoba Telecom Services, Inc. Board of Directors declared a quarterly cash dividend of CAD 0.325 per share for the second quarter of 2015, payable on July 15, 2015 to shareholders of record at the close of business on June 15, 2015. The company reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the consolidated company reported total consolidated operating revenues were CAD 408.0 million compared to CAD 401.5 million a year ago. Consolidated EBITDA was CAD 140.4 million compared to CAD 147.6 million a year ago. Income before income taxes was CAD 36.5 million compared to CAD 58.3 million a year ago. Net income for the period was CAD 26.7 million or CAD 0.34 per share compared to CAD 41.9 million or CAD 0.54 per share a year ago. Earnings per share was down CAD 0.20, with CAD 0.12 due to the SR&ED amortization credits recorded in first quarter of 2014 and the remainder due to the restructuring costs and the decline in Allstream EBITDA. Earnings per share were impacted by a number of onetime events, both this year and last year. Free cash flow for the period was CAD 46.7 million compared to CAD 49.0 million a year ago. Capital expenditures were CAD 60.5 million compared to CAD 43.6 million a year ago. Net income and EPS were down due largely to the increase in depreciation and amortization expense resulting from one-time SR&ED ITCs recorded in first quarter of 2014, along with the decline in Allstream EBITDA, partly offset by lower income tax expense. The company provided earnings guidance for the year 2015. MTS EBITDA expects to be higher of 2014 results of CAD 466.4 million. MTS free cash flow expects to be higher of 2014 results of CAD 139.2 million. Earnings per share will be in the range of CAD 0.90 to CAD 1.20.

 

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Industry Analysis

MBT

Industry Average

Valuation MBT Industry Range
Price/Earnings 18.8x
Price/Sales 1.4x
Price/Book 2.1x
Price/Cash Flow 4.9x
TEV/Sales 0.8x
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