Last $11.99 USD
Change Today +0.24 / 2.04%
Volume 66.7K
PGI On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

premiere global services inc (PGI) Snapshot

Open
$11.70
Previous Close
$11.75
Day High
$12.10
Day Low
$11.67
52 Week High
06/18/13 - $12.74
52 Week Low
11/1/13 - $8.77
Market Cap
578.1M
Average Volume 10 Days
119.3K
EPS TTM
$0.52
Shares Outstanding
48.2M
EX-Date
--
P/E TM
23.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for PREMIERE GLOBAL SERVICES INC (PGI)

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premiere global services inc (PGI) Details

Premiere Global Services, Inc. provides collaboration software and services in North America, Europe, and the Asia Pacific. Its cloud-based software applications enable business users to connect, collaborate, and share ideas and information using their desktops, laptops, tablets, or smartphones. The company’s solutions include iMeet, a collaboration application, which provides face-to-face meetings online with various features, such as meeting recording, screen share, file storage, chat, social media integration, and others; GlobalMeet, an integrated conference calling and Web conferencing solution; GlobalMeet Audio, an enterprise-class audio conferencing solution; and event services that enable customers to manage investor relations calls, Webinars, human resources announcements, town halls, and other large-scale meetings. Its collaboration solutions are accessible through its suite of desktop and mobile applications, including apps for PC, MAC, iPhone, iPad, BlackBerry, and Android. The company’s solutions are used in various virtual meetings comprising investor relations presentations, training sessions, sales planning meetings, and project management and ad hoc meetings. Premiere Global Services, Inc. markets its solutions through direct sales, channel resellers, strategic technology partners, and marketing alliances, as well as online through pgi.com. Its customers include software and technology companies, commercial and investment banks, retailers, travel and hospitality firms, healthcare companies, and others. The company was founded in 1991 and is headquartered in Atlanta, Georgia.

2,060 Employees
Last Reported Date: 03/17/14
Founded in 1991

premiere global services inc (PGI) Top Compensated Officers

Founder, Executive Chairman and Chief Executi...
Total Annual Compensation: $900.0K
President
Total Annual Compensation: $500.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $375.0K
Chief Technology Officer
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2012.

premiere global services inc (PGI) Key Developments

Premiere Global Services, Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Financial Guidance for the Year 2014

Premiere Global Services, Inc. reported financial results for the fourth quarter and year ended December 31, 2013. The company reported that net loss for the fourth quarter ended December 31, 2013 was $1.4 million, or $0.03 loss per share, compared to a net income of $9.28 million, or $0.2 per share, for the same quarter ended December 31, 2012. Net revenues for the fourth quarter ended December 31, 2013 were $134.62 million, compared to $125.77 million for the same quarter ended December 31, 2012. Net income for the year ended December 31, 2013 was $18.32 million, or $0.39 per diluted share, compared to $27.59 million, or $0.57 per diluted share, for the year ended December 31, 2012. Net revenues for the year ended December 31, 2013 were $526.86 million, compared to $505.28 million for the year ended December 31, 2012. For 2014 the company expects net revenues from continuing operations to be in the range of $560 million to $570 million and non-GAAP diluted EPS from continuing operations to be in the range of $0.85 to $0.88.

Premiere Global Services Inc. Announces 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 Earnings Guidance for the Full Year 2014

Premiere Global Services, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net revenue of $134,625,000 against $125,771,000 a year ago. Operating income was $3,078,000 against $10,253,000 a year ago. Income from continuing operations before income taxes was $961,000 against $8,243,000 a year ago. Net loss from continuing operations was $1,280,000 compared to net income from continuing operations of $9,416,000 a year ago. Net loss was $1,400,000 against net income of $9,285,000 a year ago. Diluted loss per share was $0.03 against income of $0.20 a year ago. Diluted loss per share from continuing operations were $0.03 against income of $0.20 a year ago. Non-GAAP operating income was $15,334,000 against $13,389,000 a year ago. Non-GAAP net income from continuing operations was $9,188,000 against $8,338,000 a year ago. Non-GAAP diluted EPS from continuing operations was $0.20 against $0.18 a year ago. For the full year, the company reported net revenue of $526,865,000 million against $505,281,000 a year ago. Operating income was $34,737,000 against $41,426,000 a year ago. Income from continuing operations before income taxes was $27,916,000 against $33,500,000 a year ago. Net income from continuing operations was $18,854,000 compared to $28,055,000 a year ago. Net income was $18,316,000 against $27,590,000 a year ago. Diluted earnings per share were $0.39 against $0.57 a year ago. Diluted earnings per share from continuing operations were $0.40 against $0.58 a year ago. Net cash provided by operating activities was $75,304,000 against $69,849,000 a year ago. Capital expenditure was $31,774,000 against $32,338,000 a year ago. Non-GAAP operating income was $58,766,000 against $57,327,000 a year ago. Non-GAAP net income from continuing operations was $36,490,000 against $34,951,000 million a year ago. Non-GAAP diluted EPS from continuing operations was $0.78 against $0.73 a year ago. Free cash flow was $44,084,000 or $0.94 per share against $38,183,000 or $0.79 per share a year ago. For the quarter, the company reported asset impairments of $980,000 against $138,000 a year ago. The company provided earnings guidance for the full year 2014. For the period, the company expected net revenues from continuing operations are projected to be in the range of $560 million to $570 million and non-GAAP diluted EPS from continuing operations are projected to be in the range of $0.85 to $0.88. The company continues to anticipate that sales of its SaaS-based products will increase over 50% in 2014 compared to 2013 and will comprise in excess of 10% of its consolidated annual revenue run-rate by the end of 2014.

Premiere Seeks Acquisitions

Premiere Global Services, Inc. (NYSE:PGI) is seeking acquisitions. Specifically, we plan to continue to pursue a number of potential acquisition opportunities to enhance PGi's market share, to accelerate our SaaS revenue and to broaden our technology portfolio.

 

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Industry Analysis

PGI

Industry Average

Valuation PGI Industry Range
Price/Earnings 29.7x
Price/Sales 1.1x
Price/Book 2.0x
Price/Cash Flow 10.4x
TEV/Sales 0.5x
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