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Stock Market & Financial Investment News

News Breaks
May 15, 2014
09:28 EDTJGWJGWPT Holdings price target lowered to $13 from $19 at Stephens
Stephens cut its CY14 and CY15 estimates for JGWPT Holdings and lowered its price target on the stock to $13 following the company's below consensus Q1 results. The firm maintains its Overweight rating on the stock.
News For JGW From The Last 14 Days
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November 17, 2014
05:56 EDTJGWJG Wentworth downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded JG Wentworth to Market Perform citing business volatility following the company's Q3 results.
November 13, 2014
08:37 EDTJGWJG Wentworth Company reports Q3 EPS 31c, consensus 44c
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08:35 EDTJGWJG Wentworth reports Q3 revenue $107M, may not compare to consensus $69.82M
Reports Q3 adjusted unrealized gains on VIE and other finance receivables, long term debt and derivatives, net of the gain/loss on swap terminations, of $51.3M. Reports Q3 Adjusted Net Income, or ANI, increased to $7.2M, as compared to $1.4M in prior year, driven primarily by lower cost of funds and lower interest expense. John Schwab, J.G. Wentworth’s CFO, said, “After a strong second quarter, the third quarter purchases started off slower than anticipated, but returned to expected levels by the end of the period. We continue to focus on driving profitability in our Core business and leveraging our industry-leading financing platform."

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