ARB Arbitron Inc. featured news, full reports, and detailed charts
Arbitron Inc. (ARB) Wrap Up:
Arbitron, Inc. provides media and marketing information services in the United States and internationally. The companyÂ’s services include radio audience measurement and related services to radio stations, advertising agencies, and advertisers in the United States; measuring national radio audiences and the size and composition of audiences of network radio programs and commercials; and providing software used for accessing and analyzing its media audience and marketing information data. It also provides consumer, shopping, and media usage information services to radio, cable television, advertising agencies, advertisers, retailers, out-of-home media, and online media industries, as well as to broadcast television and print media industry. The company, formerly known as Ceridian Corporation, was founded in 1912 and is headquartered in Columbia, Maryland.Arbitron Inc. (ARB:NYSE)
Snapshot of Arbitron Inc. (ARB)
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OPEN
$21.98
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PREVIOUS CLOSE
$22.20
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DAY HIGH
$22.62
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DAY LOW
$21.93
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52 WEEK HIGH
10/15/09 - $25.36
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52 WEEK LOW
12/15/08 - $9.90
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MARKET CAP
591.2M
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AVERAGE VOLUME 3 mo
256.3K
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DILUTED EPS TTM
$1.24
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SHARES OUTSTANDING
26.5M
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EX-DATE
12/11/09
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P/E TTM
18.0x
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DIVIDEND
$0.40
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DIVIDEND YIELD
1.80%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for Arbitron Inc. (ARB)
Arbitron Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of $98,123,000 compared to $102,526,000 for the same period a year ago. Operating income was $24,658,000 compared to $30,399,000 for the same period a year ago. EBIT was $22,710,000 compared to $28,205,000 for the same period a year ago. Income from continuing operations before income taxes was $22,356,000 compared to $27,688,000 for the same period a year ago. Income from continuing operations was $13,719,000 or $0.51 diluted per share compared to $16,955,000 or $0.63 diluted per share for the same period a year ago. Net Income was $13,719,000 or $0.51 diluted per share compared to $16,955,000 or $0.63 diluted per share for the same period a year ago. Lower revenue during the current quarter compared to the third quarter of last year is largely the result of several previously disclosed factors, including: the impact of a decision by Cumulus and Clear Channel to subscribe to a competitor's diary-based radio ratings service in a limited number of small and medium sized markets, beginning with the Spring 2009 survey period; the impact of Univision electing not to subscribe to the Portable People Meter™service in certain markets; and the continued impact of the advertising recession on renewals and new business. For the nine months, the company reported revenue of $283,411,000 compared to $275,246,000 for the same period a year ago. Operating income was $48,634,000 compared to $57,367,000 for the same period a year ago. EBIT was $49,267,000 compared to $56,394,000 for the same period a year ago. Income from continuing operations before tax was $48,248,000 compared to $55,452,000 for the same period a year ago. Income from continuing operation was $29,556,000 or $1.11 diluted per share compared to $33,837,000 or $1.23 diluted per share for the same period a year ago. Net Income was $29,556,000 or $1.11 diluted per share compared to $33,822,000 or $1.23 diluted per share for the same period a year ago. For the full year 2009, Arbitron continues to expect revenue to increase between 2% and 6% as compared to full year 2008 revenue of $368.8 million. The company continues to expect earnings per share (diluted) to be between $1.40 and $1.55, an increase of between 3% and 14%, as compared to $1.36 for the full year 2008.
Arbitron Inc. reported capital expenditures for the third quarter ended September 30, 2009. For the quarter, the company has posted capital expenditures of $8.7 million. EBITDA for the quarter was $28.7 million and that compares to $32.8 million generated in third quarter of 2008. Net debt position was roughly $73 million, an improvement of nearly $20 million from last quarter.
Arbitron Inc. expected to Report Fiscal Year 2009 Results on February 15, 2010. This event was calculated by Capital IQ (Created on October 5, 2009).
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| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ARB | Industry Range |
| Price/Earnings | 17.9x |
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| Price/Sales | 1.6x |
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| Price/Book | 32.5x |
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| Price/Cash Flow | 17.9x |
Not meaningful
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| TEV/Sales | 1.3x |
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ARB |
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ARB transactions
| Type Date |
Target |
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Bankruptcy
September 23, 2009 |
Sandab Communications Limited Partnership II |
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Bankruptcy
August 10, 2009 |
Mega Media Group, Inc. |
