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Stock Market & Financial Investment News

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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October 28, 2014
16:30 EDTFCFSFirst Cash Financial acquires 15 pawn stores for $25.3M in cash
First Cash Financial Services announced that it is acquiring a chain of 15 large format pawn stores located in the states of Kentucky, Missouri, Tennessee and South Carolina. With this acquisition, the company now operates over 1,000 total store locations in 13 U.S. states and 29 states in Mexico. The company expects the acquired stores, all of which make pawn loans on a wide array of general merchandise collateral and have significant retail operations, to mesh well with First Cash's operating strategy and to become accretive to earnings in 2015. For the full year, the company now expects to add approximately 115 total locations. The purchase price for the all-cash asset acquisition of the 15-store chain is approximately $25.3M, subject to certain working capital adjustments. The company has completed the purchase for 13 of the locations and expects to complete the acquisition of the other two locations by year end. Including the impact of transaction costs and integration expenses, the company expects limited earnings accretion from these acquisitions in 2014.
October 22, 2014
06:37 EDTFCFSStates relax personal loan restrictions, NY Times says
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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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