{"id":8918,"date":"2011-05-24T13:41:00","date_gmt":"2011-05-24T13:41:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/updates-from-jackson-hewitt-tax-service-inc\/8782\/"},"modified":"2011-05-24T13:41:00","modified_gmt":"2011-05-24T13:41:00","slug":"updates-from-jackson-hewitt-tax-service-inc","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/updates-from-jackson-hewitt-tax-service-inc\/8918\/","title":{"rendered":"Updates from Jackson Hewitt Tax Service Inc."},"content":{"rendered":"<p><strong>Jackson Hewitt Tax Service Inc. (Public, <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a>:<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=JTX\">JTX<\/a>)<\/strong>. Last Market Price:  0.185, Change: 0.000, % Change: (0.00%) It has a market capitalization  of 5.36M dollars and has 28.98M outstanding shares. The company has a  beta of 1.37, indicating, the stock to be more volatile than the market.  As per the most recent quarterly report, the net income per share (EPS)  is 0.52; P\/E of 0.36. It operates in Services Sector and belongs to  Personal Services industry. Jackson Hewitt Tax Service Inc. provides  computerized preparation of federal, state and local individual income  tax returns. The company has a 52 week high of $ 2.45 and a 52 week low  of $ 0.18. Average volumes of shares traded daily are 1.10M.<\/p>\n<ul>\n<li>Jackson Hewitt reaches agreement with lenders to restructure debt.<\/li>\n<\/ul>\n<p><span id=\"more-8918\"><\/span><\/p>\n<p>Co  reached a definitive agreement with its secured lenders on a  restructuring plan that will significantly reduce outstanding debt and  interest expense. Co expects the restructuring plan to be fully  implemented in 45-60 days. During this period, Jackson Hewitt will have  the liquidity and financial flexibility to operate in the normal course  and begin preparations for the 2012 tax season. In connection with the  restructuring plan and its implementation, Jackson Hewitt expects that  no disruption will be experienced by its clients, franchisees or  employees. Under the terms of the proposed Plan, Jackson Hewitt&#8217;s  current secured lenders will receive their pro rata share of a new $100  million term loan and all of the equity in the reorganized enterprise.  The Company also anticipates entering into a new $115 million revolving  credit facility upon consummation of the Plan. It is anticipated that  upon consummation of the proposed Plan, Jackson Hewitt&#8217;s new equity will  be privately held. Under the proposed Plan, all of the Company&#8217;s  existing common stock will be cancelled upon Jackson Hewitt&#8217;s emergence  from bankruptcy.<\/p>\n<p>For Q1 (Jan &#8217;11), It had a Net profit margin of 6.59%, an Operating  margin of 33.11%. Other Key stats and ratios are : Return on average  assets of 6.19%. The organization has an employee strength of 305<\/p>\n<p>Senior  management consists of Philip H. Sanford, ( Age: 57 ), as President,  Chief Executive Officer, Director, Daniel P. O&#8217;Brien, ( Age: 56 ), as  Chief Financial Officer, Executive Vice President, Treasurer and Steven  L. Barnett, ( Age: 45 ), as Executive Vice President, General Counsel,  Corporate Secretary.<\/p>\n<p>Consensus Recommendation is a Underperform.<\/p>\n<p>Estimate for  sales for the Year Ending Apr-11 show a mean of 222.25 million dollars,  an estimate high of 222.25 million dollars and an estimate low of 222.25  million dollars. A year ago the figures stood at 194.65 million  dollars.<\/p>\n<p>Sales for Quarter Ending Jan-11 was estimated at 76.50 million  dollars, however the actual sales figure stood at 82.45 million dollars,  5.95 million dollars more than estimates.<\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jackson Hewitt Tax Service Inc. (Public, NYSE:JTX). Last Market Price: 0.185, Change: 0.000, % Change: (0.00%) It has a market [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6],"tags":[1665],"class_list":["post-8918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot-stocks-to-watch","tag-jtx"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/8918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=8918"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/8918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=8918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=8918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=8918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}