Why is Cash America International Up to Strong Buy? - Analyst Blog


On Jun 28, Zacks Investment Research upgraded Cash America International, Inc. ( CSH ) 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 period.

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. ( WTBA ) and Great Southern Bancorp Inc. ( GSBC ) with a Zacks Rank #1, while Astoria Financial Corporation ( AF ) carries a Zacks Rank #2 (Buy).

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CASH AM INTL (CSH): Free Stock Analysis Report

WEST BANCORP (WTBA): Free Stock Analysis Report

GREAT SOUTH BCP (GSBC): Free Stock Analysis Report

ASTORIA FINL CP (AF): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: CSH , WTBA , GSBC , AF



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