Last $29.90 USD
Change Today +0.55 / 1.87%
Volume 442.2K
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

emeritus corp (ESC) Snapshot

Open
$29.38
Previous Close
$29.35
Day High
$30.11
Day Low
$29.04
52 Week High
04/2/14 - $32.57
52 Week Low
09/13/13 - $18.15
Market Cap
1.5B
Average Volume 10 Days
529.7K
EPS TTM
$-2.86
Shares Outstanding
48.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for EMERITUS CORP (ESC)

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emeritus corp (ESC) Details

Emeritus Corporation operates senior living communities in the United States. Its communities provide various resident services, including independent living, assisted living, specialized Alzheimer’s/dementia care, respite care, financial, and skilled nursing care services, as well as personal care and hygiene products, such as diabetic supplies, incontinence, and ostomy supplies for residents. The company also offers a range of outpatient therapy and home health services in Florida, Arizona, and Texas; and management services to independent and related-party owners of senior living communities. As of December 31, 2013, it operated approximately 512 senior living communities with a resident capacity for approximately 54,000 residents in 45 states. The company was founded in 1993 and is based in Seattle, Washington.

21,675 Employees
Last Reported Date: 02/20/14
Founded in 1993

emeritus corp (ESC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.3M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $505.9K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $573.0K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $418.1K
Executive Vice President of Administration
Total Annual Compensation: $427.5K
Compensation as of Fiscal Year 2012.

emeritus corp (ESC) Key Developments

Investors of Emeritus Corp Files Class Action Against the Company

Levi & Korsinsky notified investors of Emeritus Corp. of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Brookdale Senior Living Inc. A complaint was filed in Washington state court. Under the terms of the transaction, Emeritus shareholders will receive 0.95 shares of Brookdale common stock for each share of Emeritus stock they own. The deal has a total approximate value of $2.8 billion, including the assumption of debt. The claims concern whether the Emeritus Board breached their fiduciary duties to stockholders by failing to adequately shop the company before agreeing to enter into this transaction, and whether Brookdale is underpaying for Emeritus shares.

Brookdale Senior Living Inc., Emeritus Corp. - M&A Call

To discuss merger agreement between Emeritus Corp. and Brookdale Senior Living, Inc

Emeritus Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2013; Provides Interest Expenditure Guidance for the First Quarter of 2014

Emeritus Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total operating revenues of $520,591,000 compared to $437,563,000 a year ago. Operating Income from continuing operations was $25,491,000 compared to $31,083,000 a year ago. Loss from continuing operations before income taxes was $44,661,000 compared to $29,603,000 a year ago. Net loss attributable to common stockholders was $49,025,000 or $1.04 basic and diluted per share compared to $27,492,000 or $0.61 basic and diluted per share a year ago. The increase in revenue was primarily due to the company's lease and ownership acquisition of 142 communities in the fourth quarter of 2012 and the first quarter of 2013 that the company previously managed for a joint venture. Adjusted CFFO per share increased 32.5% to $0.53 per share, compared to $0.40 per share in the fourth quarter of 2012. Basic and diluted loss per common share from continuing operations was $0.91 against $0.61 a year ago. Operating income was $163,259,000. Adjusted EBITDA was $100,841,000 compared to $86,772,000 a year ago. Adjusted EBITDAR was $145,998,000 compared to $116,218,000 a year ago. Adjusted EBITDAR was increased $29.8 million, or 25.6% compared to last year same period primarily driven by the increase in community operating income. Net cash provided by operating activities was $4,348,000 compared to $5,937,000 a year ago. CFFO per share was $0.30 against $0.19 a year ago. For the year, the company reported total operating revenues of $1,960,618,000 compared to $1,568,076,000 a year ago. Operating Income from continuing operations was $142,354,000 compared to $97,733,000 a year ago. Loss from continuing operations before income taxes was $141,231,000 compared to $78,528,000 a year ago. Net loss attributable to common stockholders was $152,561,000 or $3.28 basic and diluted per share compared to $84,844,000 or $1.90 basic and diluted per share a year ago. Net cash provided by operating activities was $98,189,000 compared to $116,558,000 a year ago. Purchase of property and equipment was $68,442,000 compared to $37,212,000 a year ago. Adjusted CFFO per share increased 17.8% to $1.99 per share, compared to $1.69 per share in 2012. Basic and diluted loss per common share from continuing operations was $3.04 against $1.73 a year ago. Operating income was $604,430,000. Adjusted EBITDA was $388,914,000 compared to $275,406,000 a year ago. Adjusted EBITDAR was $531,412,000 compared to $389,788,000 a year ago. Adjusted EBITDAR was increased $141.6 million, or 36.3% compared to last year same period primarily driven by the increase in community operating income. CFFO per share was $1.40 against $1.37 a year ago. For the quarter, the company reported impairment of long-lived assets of $8,227,000. For the first quarter of 2014, the company expects interest expense – GAAP to be in the range of $70,000,000- $72,000,000 and total depreciation and amortization to be in the range of $45,600,000- $47,200,000.

 

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ESC

Industry Average

Valuation ESC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 12.6x
Price/Cash Flow 50.4x
TEV/Sales NM Not Meaningful
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