NEW YORK, April 21, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Excel Trust (NYSE: EXL), Travelzoo (NASDAQ: TZOO), Carrols Restaurant (NASDAQ: TAST), Xueda Education (NYSE: XUE), and WCI Communities (NYSE: WCIC). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
EXL Research Report: ( http://get.analystsreview.com/pdf/?c=Excel%20Trust&d=21-Apr-2015&s=EXL ),
TZOO Research Report: ( http://get.analystsreview.com/pdf/?c=Travelzoo&d=21-Apr-2015&s=TZOO ),
TAST Research Report: ( http://get.analystsreview.com/pdf/?c=Carrols%20Restaurant&d=21-Apr-2015&s=TAST ),
XUE Research Report: ( http://get.analystsreview.com/pdf/?c=Xueda%20Education&d=21-Apr-2015&s=XUE ),
WCIC Research Report: ( http://get.analystsreview.com/pdf/?c=WCI%20Communities&d=21-Apr-2015&s=WCIC ).
Analyst Update: Acquisitions, Financial Results, Financial Results, Joint Venture, Pricing
Reviewed by: Rohit Tuli, CFA®
U.S. stocks rallied on Monday, triggered by some good first-quarter earnings reports. The NASDAQ gained 1.27% or 62.79 points, to finish at 4,994.60; the Dow Jones Industrial Average advanced 1.17%, or 208.63 points to 18,034.93, and the S&P 500 ended the session at 2,100.40, up 0.92% or 19.22 points. The gains were broad based as all the sectors closed the session in positive. European stocks too edged higher on Monday, as aggressive easing policy in China offsets the impact of Greece turmoil. Major European markets ended the session higher, as Germany's DAX rose 1.74%; France's CAC advanced 0.86%, and Britain's FTSE 100 jumped 0.82%. Meanwhile, Asian markets mostly disappointed on Monday, amid rising concern over slowdown in the Chinese economy. The Shanghai Composite and Japan's Nikkei both closed lower.
Excel Trust (EXL) has entered into a definitive agreement with Blackstone Property Partners L.P., under which the latter will acquire all outstanding shares of common stock of Excel Trust for $15.85 per share, in an all-cash transaction valued at approximately $2 billion. The transaction has been unanimously approved by EXL's Board of Directors and represents a premium of nearly 15% over the Company's closing stock price on April 9, 2015.
Travelzoo Inc., a global Internet media Company announced its Q1 2015 financial results with total revenue of $36.5 million down 9.0% YoY. Net income was at $1.9 million compared with $4.6 million in Q1 2014 while diluted EPS stood at $0.13, down from $0.31 in the same period previous year.
Carrols Restaurant Group, Inc. (Carrols Restaurant) provided an update on its preliminary Q1 FY 2015 financial results, on April 15, 2015. Total revenue rose by 27.5% YoY to $193.2 million, which included $32.5 million in sales from 123 BURGER KING Restaurants that were acquired in 2014. Comparable restaurant sales were up by 8.4% in Q1 FY 2015, as compared to a 2.5% decline in the same period last year.
Xueda Education Group (Xueda), in a press release on March 25, 2015, announced updates pertaining to its Joint-Venture Agreement with Qihoo 360 Technology Co. Ltd. The agreement paved the way for a joint-venture company, Sunshine Rabbit Technology on February 26, 2015, with registered capital of less than $5 million for the principal business purpose of pursuing online education opportunities.
WCI Communities Inc. in a press release dated April 15, 2015, announced the pricing of a registered secondary offering of 3.25 million shares of its common stock at a price to the public of $22.75 per share. All of the shares are offered by entities affiliated with Monarch Alternative Capital L.P. and Stonehill Institutional Partners L.P.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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