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$NCI said two senior-level industry experts have joined its global Construction practice, based in London. Scott Jardine, Managing Director, has 23 years construction experience implementing and advising on capital projects. Andrew Jeffery, Managing Director, brings 26 years of detailed knowledge in the operation of property assets.
In 3Q17, $TWX’s Warner Bros.witnessed 5% increase in revenue to $4.1Bil, due to higher games revenues. Games revenues benefited from a favorable mix of releases in the current year period. Theatrical revenues decreased as lower home entertainment revenues were partly offset by higher television licensing revenues of theatrical product.
$TWX reported a 13% rise in Home Box Office revenue to $1.7Bil, due to increase of 16% in Subscription revenues, partially offset by a decrease of 7% in Content and other revenues. Subscription revenues increased due to higher domestic subscribers and rates and international growth.
During 4Q17, revenues in $TWX’s Turner segment rose 10% to $3.1Bil, helped by increases of 14% in Subscription revenues, 32% jump in Content and other revenues and 2% rise in Advertising revenues. Subscription revenues benefited from higher domestic rates and growth at Turner's international networks.
Media giant $TWX reported an increase in its 4Q17 profits, mainly due to gains at Turner and HBO and also a benefit of $1.06 a share from tax cuts. Net income rose to $1.3Bil, or $1.75 per share, compared to $29MM, or $0.37 per share a year ago. Adj. EPS was $2.66 Revenues grew 9% to $8.6Bil.
$T will increase 2018 capital investments by $1Bil with tax reform. Even with that, $T expects significant free cash flow growth in 2018 and going forward with dividend payout ratio improving into high 50% range this year. And $T is committed to deleveraging after $TWX closes with plans to return to historic levels by end of 2020, if not before.
$CDR's BoD has approved cash dividends of $0.453125 per share on its 7 ¼% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share on its 6 ½% Series C Preferred Stock. Both are payable on February 20, 2018 to shareholders of record as of February 12, 2018.
$EPR's Board of Trustees declared its monthly cash dividend of $0.36 per common share, payable on Feb. 15, 2018 to shareholders of record on Jan. 31, 2018. This dividend represents an annualized dividend of $4.32 per common share, an increase of nearly 6% over prior year.
$NSP President Richard Rawson will retire on May 18, 2018, after having served as an executive officer for over 28 years. Insperity also announced the appointment of James Allison as SVP of gross profit operations, which will also be effective on May 18, 2018.
Business advisory firm $FCN has appointed Jan Naifeh as Senior Managing Director of its Corporate Finance & Restructuring segment. Most recently, Naifeh served SunTrust Bank as SVP of the Corporate and Investment Banking Special Assets Division. The appointment is part of FTI’s continuing investment in its healthcare industry expertise.
Professional services firm $NCI has appointed Claiborne Porter as Managing Director and head of investigations. Porter, a former supervisor and trial attorney with the US Department of Justice, had served as Acting Principal Deputy Chief of the agency’s Money Laundering and Asset Recovery Section.
Real estate investment trust $LTC has entered into a joint-venture with affiliates of Tealwood Senior Living and developer Tukka Properties to acquire land and develop Hamilton House, a $23MM living community in Cedarburg, Wisconsin. The complex is expected to be opened in spring 2019.
$LTC declared a monthly cash dividend on its common stock for 1Q18. The company declared a cash dividend of $0.19 per common share per month for January, February and March 2018, payable on Jan. 31, Feb. 28 and March 30, 2018, respectively, to stockholders of record on Jan. 23, Feb. 20 and March 22, 2018, respectively.
$FCN announced the appointment of Elliot Sloane, former CEO and founder of Sloane & Company, as a Senior Managing Director in the firm’s Strategic Communications segment. Mr. Sloane will report to Brian Kennedy, the segment’s Head of the Americas.
$RHI said that it expects to record a one-time non-cash charge to its provision for income taxes of about $34-38MM or about $0.27-0.31 per share in 4Q17, resulting from the recently enacted Tax Cuts and Jobs Act. Consequently, the company is updating its 4Q17 guidance, after this charge, for diluted EPS in the range of $0.29-0.39 per share.
$EPR, a specialty real estate investment trust, said it completed redemption of all of its outstanding 6.625% series-F shares at a price of $25.3 per share. The aggregate redemption price of approximately $126.5MM was funded using the net proceeds of the offering of the company's 5.750% series-G shares.