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Stock Market & Financial Investment News

News Breaks
March 13, 2014
13:24 EDTFCFS, RM, DLLR, WRLD, CSHWorld Acceptance slides after disclosing government probe
Shares of World Acceptance (WRLD), which provides small loans to consumers, are tumbling after the company revealed that the Consumer Financial Protection Bureau had launched a probe of its business practices. WHAT'S NEW: World Acceptance reported earlier today in a filing that it was being investigated by the CFPB. The agency is trying to determine whether finance companies committed illegal acts involving marketing, offering, or extending credit, World Acceptance stated. The CFPB has sought documents from World Acceptance, and has requested that it answer questions as part of the probe, the company added. PRICE ACTION: In mid-afternoon trading, World Acceptance tumbled 18% to $80. Other companies in the sector declined, with Cash America (CSH) sliding 8% to $29.20, Regional Management (RM) sinking 6.5% to $26.25, DFC Global (DLLR) losing 2.25% to $8.70, and First Cash (FCFS) sinking 2.6% to $52.17.
News For WRLD;RM;CSH;DLLR;FCFS From The Last 14 Days
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February 5, 2016
12:22 EDTFCFSFirst Cash Financial management to meet with JPMorgan
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February 2, 2016
11:30 EDTCSHCash America management to meet with CL King
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January 29, 2016
10:05 EDTFCFSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
07:38 EDTFCFSFirst Cash Financial upgraded to Buy on valuation at Janney Capital
As previously reported, Janney Capital upgraded First Cash Financial to Buy from Neutral and a $45 price target on shares. Analyst John Rowan said the Mexican operations are doing well, excluding the impact of FX, and views shares as oversold.
06:42 EDTFCFSFirst Cash Financial upgraded to Buy from Neutral at Janney Capital
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January 28, 2016
16:30 EDTRMRegional Management reports Q4 adjusted EPS 47c, consensus 47c
Reports Q4 revenue $56.7M, consensus $58.49M. Reports total finance receivables as of December 31 $628.4M, up 15.1% from prior year quarter.
06:31 EDTWRLDWorld Acceptance reports Q3 EPS $1.70, consensus $2.01
Reports Q3 revenue $139.70M, consensus $143.07M. Net charge-offs as a percentage of average net loans on an annualized basis decreased from 15.5% to 14.6% when comparing the two quarterly periods. The provision for the quarter decreased $2.9 million dollars quarter over quarter. The lower provision benefited from a $3.2 million decrease in net charge-offs, slower loan growth quarter over quarter, and improved delinquencies in Mexico partially off-set by higher delinquencies in the US.
06:23 EDTFCFSFirst Cash Financial sees Q1 EPS 41c-46c, consensus 59c
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06:23 EDTFCFSFirst Cash Financial sees FY16 EPS $2.20-$2.40, consensus $2.70
Fiscal 2016 estimates are also tempered by further expected declines in earnings from payday lending operations of approximately $0.08 to $0.12 per share, net of tax. The company expects total U.S. payday lending revenues to be less than 3% of consolidated revenues in 2016. The company expects to add approximately 210 to 225 new stores in 2016, of which at least 190 additions have already or are expected to occur in the first quarter. Additionally, the company will continue to look opportunistically for full-service pawn acquisitions in strategic markets in both Latin America and the U.S., which could further drive revenue and result in additional EBITDA growth for 2016.
06:22 EDTFCFSFirst Cash Financial expects Latin American store-level earnings growth 25%-30%
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06:21 EDTFCFSFirst Cash Financial reports Q4 consolidated gross margin on target at 38%
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06:21 EDTFCFSFirst Cash Financial reports Q4 adjusted EPS 73c, consensus 76c
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05:52 EDTCSHCash America expects growth opportunities associated with customer demand
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05:52 EDTCSHCash America backs FY16 EPS $1.25-$1.45, consensus $1.36
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05:51 EDTCSHCash America sees Q1 EPS 35c-41c, consensus 34c
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05:50 EDTCSHCash America reports Q4 EPS cont ops 49c, consensus 48c
Reports Q4 revenue $280.08M, consensus $284.75M.
05:31 EDTCSHCash America increases cash dividend by 60% to 8c
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