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April 1, 2013
11:03 EDTWRLD, DLLR, FCFS, CSH, EZPWPayday lenders slump after DFC Global lowers forecast
Shares of DFC Global (DLLR) and those of some of its peers in the alternative financial services industry declined after DFC issued worse than expected earnings per share guidance for its third quarter and lowered its view of profit for the full year. WHAT'S NEW: DFC Global announced this morning that it expects earnings per share for the three months ended March 31 to be 20c-24c, compared to the consensus forecast of 63c. The company also lowered its fiscal 2013 earnings per share guidance to $1.70-$1.80 from its prior estimate of $2.35-$2.45. The company cited issues caused by new regulations in the United Kingdom. In early March, a British regulator, the Office of Fair Trading, or OFT, said it would give "payday lenders" 12 weeks to change their business practices. One of the OFT's complaints about the lenders was that they were granting consumers loans that they could not afford to repay, and then profiting from multiple rollovers of those loans. DFC Global said that it has responded to these developments by implementing higher lending standards. The lender obtained 48% of its revenue from the United Kingdom in fiscal 2012, according to the company's annual report. OTHERS TO WATCH: Other publicly traded payday lending companies include First Cash Financial (FCFS), Cash America (CSH), EZCORP (EZPW) and World Acceptance (WRLD). TODAY'S PRICE ACTION: In mid-morning trading, DFC Global plunged over 18% to $13.59, while First Cash and World Acceptance slid about 2%, Cash America declined 2.7%, and EZCORP fell 3%.
News For DLLR;FCFS;CSH;EZPW;WRLD From The Last 14 Days
Check below for free stories on DLLR;FCFS;CSH;EZPW;WRLD the last two weeks.
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April 17, 2014
06:11 EDTFCFSFirst Cash Financial now sees 2014 EPS at low end of previous view $3.00-$3.15
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06:08 EDTFCFSFirst Cash Financial reports Q1 EPS 78c with items, consensus 66c
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April 16, 2014
12:00 EDTCSHCash America falls 4.5%
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10:51 EDTDLLROptions with decreasing implied volatility: DLLR FAST INTC
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April 13, 2014
20:02 EDTDLLRLifeLock, DFC Global have more downside, Barron's says
LifeLock's (LOCK) valuation looks rich and shares could have further downside. Investors say private equity firm Lone Star Funds offer to buy DFC Global (DLLR) for $9.50 undervalues the company. Investors should beware of both stocks, Barron's argues in its "The Trader" column. Reference Link
April 11, 2014
08:49 EDTCSHCash America price target raised to $63 from $57 at Ascendiant
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April 10, 2014
09:21 EDTCSHOn The Fly: Pre-market Movers
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09:00 EDTCSHCash America rises 12.5%
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07:08 EDTCSHCash America sees Q1 EPS $1.50-$1.55, consensus $1.20
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07:07 EDTCSHCash America sees Q1 results exceeding expectations
07:02 EDTCSHCash America announces plans to evaluate separation of online business
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06:05 EDTDLLRStocks with implied volatility movement; DLLR K
Stocks with implied volatility movement; DFC Global (DLLR) 34, Kellogg (K) 22 according to iVolatility.
April 9, 2014
05:48 EDTDLLRStocks with implied volatility movement; DLLR BX
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April 8, 2014
10:41 EDTDLLROptions with decreasing implied volatility: DLLR QCOR
06:27 EDTDLLRStocks with implied volatility below IV index mean; DLLR MNKD
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April 7, 2014
11:15 EDTDLLR Options with decreasing implied volatility: MNKD GALT DLLR APOL
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09:18 EDTEZPWEZCORP executive chairman Sterling Brinkley to retire
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