Jefferies Reiterates Buy on ClubCorp Holdings (MYCC) Sees Strong Long-Term Story; PT to $27
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ClubCorp Reports Record Full Year and Fourth Quarter Results, Publishes 2016 Outlook and Announces $50 Million Share Repurchase Program
February 24, 2016 4:15 PM ESTDALLAS, TX -- (Marketwired) -- 02/24/16 --
Full-year revenue was $1.1 billion, up 19.1%, while adjusted EBITDA was $233.7 million, up 19.0% Fourth quarter revenue was $331.7 million, up 9.6%, while adjusted EBITDA was $79.6 million, up 14.8% ClubCorp anticipates 2016 adjusted EBITDA to be between $242 and $252 million ClubCorp's Board of Directors has authorized the Company to repurchase up to $50 million of its common stock by December 31, 2017ClubCorp -- The World Leader in Private Clubs® (NYSE: MYCC) -- announces financial results for its fiscal-year 2015 fourth quarter ended December 29, 2015. The fourth quarter of fiscal 2015 and fiscal 2014... More
