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Stock Market & Financial Investment News

News Breaks
June 3, 2014
12:29 EDTCSH, EZPW, FCFS, 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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January 29, 2015
06:16 EDTCSHCash America board announces share repurchase authorization of up to 4M shares
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06:15 EDTCSHCash America board increases dividend by 43% to 5c
Cash America reported that the board, at its regularly scheduled quarterly meeting, increased the cash dividend amount to 5c per share on common stock outstanding. The newly declared dividend represents a 43% increase in the company’s previous quarterly dividend of 3.5c per share paid each quarter since the first quarter of 2007. The dividend will be paid at the close of business on February 25, 2015 to shareholders of record on February 11, 2015.
06:14 EDTCSHCash America sees FY15 EPS cont ops 80c-$1.10, consensus $1.23
Sees FY15 adjusted EBITDA $110M-$125M
06:13 EDTCSHCash America sees Q1 EPS cont ops 20c-30c, consensus 34c
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06:12 EDTCSHCash America reports Q4 adjusted EPS 29c, may not be comparable to consensus 44c
Reports Q4 revenue $289.44M, consensus $299.81M
January 28, 2015
09:59 EDTFCFSOn The Fly: Analyst Downgrade Summary
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06:00 EDTFCFSFirst Cash Financial downgraded to Neutral from Buy at Janney Capital
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January 27, 2015
18:20 EDTEZPWOn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
16:12 EDTEZPWEZCORP reports Q1 EPS 26c , consensus 35c
Reports Q1 revenue $252.6, consensus $272.04M.
06:18 EDTFCFSFirst Cash Financial: 2015 earnings expectations tempered by foreign exchange
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06:16 EDTFCFSFirst Cash Financial to add 75-90 new stores in 2015
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06:16 EDTFCFSFirst Cash Financial sees FY15 EPS $2.75-$2.90, consensus $3.18
The guidance assumes approximately 20c-23c of earnings per share drag, net of tax, for fiscal 2015 due to the full year impact of an assumed exchange rate of 14.6 Mexican pesos / U.S. dollar for 2015, as compared to the actual rate of 13.3 in 2014. Full year earnings per share expectations are also impacted by approximately 18c-21c per share in additional income tax expense in 2015 due to an expected increase in the effective tax rate to a normalized range of 31% to 32% for fiscal 2015, compared to 27% in 2014. Fiscal 2015 estimates are further tempered by expected declines in earnings from payday lending operations of approximately 4c per share, net of tax.
06:15 EDTFCFSFirst Cash Financial says FY15 revenue to be generated from core pawn operations
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06:13 EDTFCFSFirst Cash Financial announces 2M stock buyback authorization
06:13 EDTFCFSFirst Cash Financial reports Q4 EBITDA from cont ops up 11%
Fourth quarter same-store core revenues in the company's pawn stores were up 4% compared to the prior-year period and resulted from an 8% increase in Mexico offset by a 2% decrease in the U.S. Revenue from non-core wholesale scrap jewelry operations decreased 25% in the fourth quarter. The gross margin on scrap jewelry sales was 14% for the fourth quarter. Pawn loans outstanding at year end increased by 15% in Mexico, 4% in the U.S. and 8% over the prior year. On a same-store basis, pawn loans increased 4% in Mexico, as loan growth remained strong in the interior markets, partially offset by slower growth in certain mature markets. Same-store pawn loans were down 5% in the U.S., attributable to the slightly lower than expected seasonal demand in the fourth quarter and strategic reductions of pawn balances in many acquired locations where the Company has been optimizing pawn lending practices and reducing loan to value ratios in order to improve long-term pawn yield and retail sales margins.
06:10 EDTFCFSFirst Cash Financial reports Q4 EPS 94c, consensus 98c
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