Netspend Holdings Inc trades in the stock market as ticker NTSP. Business Summary & Profile For Netspend Holdings Inc.

Netspend Holdings Inc

Netspend Holdings, Inc., together with its subsidiaries, provides general-purpose reloadable prepaid debit cards (GPR cards) and related alternative financial services to underbanked consumers in the United States. Its GPR cards are prepaid debit cards tied to an FDIC-insured depository accounts maintained by the company, with the funds held at an issuing bank on behalf of the cardholder; represents the equivalent of a bank account for underbanked consumers; and are used to make purchase transactions at any merchant that participates in the MasterCard, Visa, or PULSE network, as well as to withdraw funds at participating automatic teller machines (ATMs). The company also offers various products and services to its cardholders, such as direct deposit, overdraft protection through its issuing banks, complimentary insurance coverage, and various bill payment options. Netspend Holdings, Inc. markets its cards through various distribution channels, including contractual relationships with retail distributors, direct-to-consumer and online marketing programs, and contractual relationships with corporate employers. As of December 31, 2011, it provided approximately 2.1 million active cards through approximately 750 retail distributors at approximately 39,000 locations. The company was founded in 1999 and is based in Austin, Texas.
www.netspend.com
507 Employees
Last Reported Date: 03/2/11
Founded in 1999
LAST $9.30 USD
CHANGE TODAY +0.90 10.71%
VOLUME 382.2K
As of 1:09 PM 02/17/12 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of NETSPEND HOLDINGS INC (NTSP)

OPEN
$9.04
PREVIOUS CLOSE
$8.40
DAY HIGH
$9.33
DAY LOW
$8.66
52 WEEK HIGH
02/18/11 - $15.90
52 WEEK LOW
08/11/11 - $3.90
MARKET CAP
740.8M
AVERAGE VOLUME 10 D
231.4K
EPS TTM
$0.36
SHARES OUTSTANDING
79.3M
NTSP Does Not Pay Dividends
P/E TTM
25.9x
K = Thousands  M = Millions  B = Billions

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Key developments for NETSPEND HOLDINGS INC (NTSP)

Netspend Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2011; Provides Earnings Guidance for Fiscal Year 2012

Netspend Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported operating revenues of $76,762,000 compared to $70,212,000 for the same period a year ago. Operating income was $16,774,000 compared to $9,414,000 for the same period a year ago. Income before income taxes was $15,841,000 compared to $8,890,000 for the same period a year ago. Net income was $9,577,000 or $0.11 basic and diluted earning per share compared to $5,288,000 or $0.06 basic and diluted earning per share for the same period a year ago. EBITDA was $20,571,000 compared to $12,841,000 for the same period a year ago. Adjusted EBITDA was $23,172,000 compared to $15,695,000 for the same period a year ago. Adjusted net income was $11,684,000 or $0.13 diluted earning per share compared to $7,510,000 or $0.08 diluted earnings per share for the same period a year ago. The increase in revenues was substantially driven by the increase in direct deposit accounts, and to a lesser extent, the expansion of product features across the company's direct deposit customer base. This increase was offset in part by a decline in gift card related revenue because companys ceased marketing gift cards in August 2010. The company's net income includes an aggregate of $11.2 million of net interest expense, income tax expense, depreciation and amortization and other losses. Net income also includes approximately $2.4 million in stock-based compensation expense. For the year the company reported operating revenues of $306,255,000 compared to $275,387,000 a year ago. Operating income was $57,409,000 compared to $41,275,000 a year ago. Income before income taxes was $55,060,000 compared to $37,100,000 a year ago. Net income was $33,246,000 or $0.36 diluted earning per share compared to $22,732,000 or $0.26 basic and diluted earning per share a year ago. EBITDA was $72,440,000 compared to $53,266,000 a year ago. Adjusted EBITDA was $84,197,000 compared to $65,568,000 a year ago. Adjusted net income was $42,476,000 or $0.47 diluted earning per share compared to $32,262,000 or $0.36 diluted earnings per share a year ago. Net cash provided by operating activities of $48,847,000 compared to $52,101,000 year ago. Purchase of property and equipment was $9,182,000 compared to $6,045,000 a year ago. Purchase of intangible assets was $12,000 compared to $4,000 a year ago. The company announced that it expects full year 2012 revenue to be between $338 million and $347 million, its adjusted EBITDA to fall between $90 and $94 million and it adjusted net income per fully diluted share to be between $0.51 and $0.55. This 2012 guidance assumes investments in the launch and rollout of signed partners which will reduce normalized operating margins by approximately 250 basis points. The foregoing expectations reflect the following assumptions: an effective tax rate of approximately 40%; and cash outlays for capital expenditures for the full year of between approximately $10 and $12 million.

Netspend Holdings Launches PayPal Prepaid MasterCard

Netspend Holdings, Inc. announced the launch of the PayPal Prepaid MasterCard(R). The PayPal Prepaid MasterCard must be linked to a PayPal account to enable cardholders to have full access to the card's online functionality and features. Offline, the card can be used to withdraw cash from ATMs while money can be loaded onto the card through direct deposit or at more than 100,000 reload locations throughout the U.S. The PayPal prepaid card is competitively priced and offers many features including online Payback Rewards, an optional savings account, real-time account alerts via text message and online budgeting tools.

Netspend Holdings, Inc., Q4 2011 Earnings Call, Feb 16, 2012

Netspend Holdings, Inc., Q4 2011 Earnings Call, Feb 16, 2012

NTSP Competitors

Company Last Change
American Express Co $52.80 USD -0.07
BillMyParents Inc $0.42 USD -0.02
Fidelity National Information Services Inc $30.86 USD -0.305
Total System Services Inc $21.55 USD -0.05
Wal-Mart Stores Inc $62.07 USD +0.0301
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation NTSP Industry Range
Price/Earnings 27.1x
Price/Sales 2.3x
Price/Book 4.0x
Price/Cash Flow 14.9x
TEV/Sales 1.8x

NTSP

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NTSP transactions

Type
Date
Target
Buyback
November 23, 2011
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