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Stock Market & Financial Investment News

News Breaks
June 3, 2014
12:29 EDTDLLR, CSH, EZPW, FCFSCash America sinks after analyst sees high regulatory risk
Shares of payday lender Cash America (CSH) are falling after research firm Janney Capital downgraded the stock to Neutral from Buy, saying it faces high regulatory risks. WHAT'S NEW: Cash America's risk/reward ratio has become less attractive, as the company faces high regulatory risks and scrutiny in the U.S. and the U.K., Janney Capital analyst Sameer Gokhale wrote in a note to investors earlier today. The U.K. has already placed limits on payday lenders and America's Consumer Financial Protection Bureau is in the process of developing rules for the industry, the analyst stated. The CFPB's regulations could limit rollovers of loans and place limits on the size of loans, Gokhale predicted. The new rules could negatively affect Cash America's profitability, warned the analyst, who thinks that the shares appear to be fairly valued and the stock's ability to rise is limited. PRICE ACTION: In early afternoon trading, Cash America dropped 5.7% to $45.45. Other payday lenders also fell, with First Cash Financial (FCFS) losing 1.4% to $52.33, EZCORP (EZPW) dropping 2.7% to $11.96, and DFC Global (DLLR) retreating 0.5% to $9.35.
News For CSH;FCFS;EZPW;DLLR From The Last 14 Days
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February 5, 2016
12:22 EDTFCFSFirst Cash Financial management to meet with JPMorgan
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February 2, 2016
11:30 EDTCSHCash America management to meet with CL King
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January 29, 2016
10:05 EDTFCFSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
07:38 EDTFCFSFirst Cash Financial upgraded to Buy on valuation at Janney Capital
As previously reported, Janney Capital upgraded First Cash Financial to Buy from Neutral and a $45 price target on shares. Analyst John Rowan said the Mexican operations are doing well, excluding the impact of FX, and views shares as oversold.
06:42 EDTFCFSFirst Cash Financial upgraded to Buy from Neutral at Janney Capital
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January 28, 2016
06:23 EDTFCFSFirst Cash Financial sees Q1 EPS 41c-46c, consensus 59c
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06:23 EDTFCFSFirst Cash Financial sees FY16 EPS $2.20-$2.40, consensus $2.70
Fiscal 2016 estimates are also tempered by further expected declines in earnings from payday lending operations of approximately $0.08 to $0.12 per share, net of tax. The company expects total U.S. payday lending revenues to be less than 3% of consolidated revenues in 2016. The company expects to add approximately 210 to 225 new stores in 2016, of which at least 190 additions have already or are expected to occur in the first quarter. Additionally, the company will continue to look opportunistically for full-service pawn acquisitions in strategic markets in both Latin America and the U.S., which could further drive revenue and result in additional EBITDA growth for 2016.
06:22 EDTFCFSFirst Cash Financial expects Latin American store-level earnings growth 25%-30%
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06:21 EDTFCFSFirst Cash Financial reports Q4 consolidated gross margin on target at 38%
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06:21 EDTFCFSFirst Cash Financial reports Q4 adjusted EPS 73c, consensus 76c
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05:52 EDTCSHCash America expects growth opportunities associated with customer demand
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05:52 EDTCSHCash America backs FY16 EPS $1.25-$1.45, consensus $1.36
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05:51 EDTCSHCash America sees Q1 EPS 35c-41c, consensus 34c
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05:50 EDTCSHCash America reports Q4 EPS cont ops 49c, consensus 48c
Reports Q4 revenue $280.08M, consensus $284.75M.
05:31 EDTCSHCash America increases cash dividend by 60% to 8c
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