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Stock Market & Financial Investment News

News Breaks
June 3, 2014
12:29 EDTCSH, FCFS, EZPW, DLLRCash 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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October 23, 2014
06:28 EDTCSHCash America: Growth largely associated with customer demand for credit products
Management believes that the opportunities for growth in revenue and earnings will be largely associated with customer demand for the credit products provided by the company, which take the form of pawn loans and consumer loans and the disposition of unredeemed collateral by way of consumer spending on retail sales and the commercial sale of refined gold and diamonds. The fourth quarter, during the seasonally important holiday selling season, represents an important period of retail sales for the company, and results will be affected by consumer sentiments during the period. There are various other elements that could affect the growth in revenue, such as the regulation of consumer loan products and the development and growth of additional markets for the company’s e-commerce segment for consumer lending products. As the company enters the fourth quarter of 2014, management anticipates that demand for the company’s consumer loan products will continue on a similar pace to the one it has experienced during the first nine months of 2014, with a continued heavier weighting to the consumer loan portfolio and longer-term installment and line of credit products. Demand for the Company’s pawn lending products during the second and third quarters of 2014 have improved, and management expects a continued growth in the Company’s pawn lending business, but at moderate levels for the balance of 2014 and the first half of 2015.
06:16 EDTCSHCash America sees FY15 adjusted EBITDA $110M-$135M for retali services
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06:15 EDTCSHCash America sees FY14 adjusted EPS $4.40-$4.50, consensus $4.34
Management expects its consolidated fiscal year 2014 earnings per share to be in a range of between $4.40 and $4.50 per share as if the separation of the e-commerce business does not occur before year end 2014.
06:14 EDTCSHCash America sees Q4 EPS $1.00-$1.10, consensus 97c
Management is providing its expectations for the fourth quarter of 2014 as if the separation of the e-commerce segment, or Enova, does not occur before year-end 2014 in order to remain consistent with past practice related to reporting management’s expectations for future periods.
06:13 EDTCSHCash America reports Q3 EPS 82c, consensus 77c
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October 22, 2014
16:48 EDTCSHCash America board approves spin-off of Enova International
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06:37 EDTEZPW, CSH, FCFSStates relax personal loan restrictions, NY Times says
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October 20, 2014
12:24 EDTEZPWEZCORP recommended as long idea by Nikolayevsky, Bloomberg says
Bloomberg cites comments made by Anna Nikolayevsky of Axel Capital Management at the Robin Hood Conference.
October 16, 2014
06:20 EDTFCFSFirst Cash Financial sees FY14 EPS in low end of $3.00-$3.15, consensus $3.00
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06:05 EDTFCFSFirst Cash Financial reports Q3 EPS 68c, consensus 68c
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