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News Breaks
December 27, 2012
08:12 EDTFCFSFirst Cash Financial price target raised to $51 from $43 at Stephens
Stephens increased its price target on First Cash as it believes that the company's visibility for FY13 has increased due to evolving business trends and political developments in Mexico, The firm maintains an Equal Weight rating on the stock.
News For FCFS From The Last 14 Days
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January 28, 2015
06:00 EDTFCFSFirst Cash Financial downgraded to Neutral from Buy at Janney Capital
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January 27, 2015
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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