On Jun 28, Zacks Investment Research upgraded
Cash America International, Inc.
) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Cash America International has been witnessing rising earnings
estimates over the last 60 days with a year-to-date return of
18.1%. The long-term expected earnings growth rate for this stock
is 5%. Further, this specialty financial services provider has now
delivered positive earnings surprises in the last 4 quarters with
an average beat of 5.26%.
The Zacks Consensus Estimate for 2014 increased 1.6% to $4.45 per
share, over the last 60 days. For 2015, the Zacks Consensus
Estimate advanced 1.3% to $4.86 per share over the same time
On May 30, Cash America International completed the senior notes
offering worth $500 million due 2021 at an interest rate of 9.75%.
The proceeds from the offering will be used for repayment of debt
and other corporate purposes.
Cash America International reported its first-quarter results on
Apr 24 with earnings per share of $1.64 beating the Zacks Consensus
Estimate of $1.52 by 7.89%. Net income was up 4.1% year over year.
Management expects second-quarter 2014 earnings per share in the
range of 85 cents to 95 cents per share and reiterated its
fiscal-year 2014 earnings per share range of $4.20 to $4.40.
Other Stocks to Consider
Some other banking stocks worth considering include
West Bancorp., Inc.
Great Southern Bancorp Inc.
) with a Zacks Rank #1, while
Astoria Financial Corporation
) carries a Zacks Rank #2 (Buy).
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