Jefferies Maintains a 'Buy' on First Cash Financial (FCFS); Adjusting Numbers on 16 Store Acquisition
Tweet Send to a FriendGet Alerts FCFS Hot Sheet
Price: $57.94 -0.12%
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade FCFS Now!
Jefferies maintains a 'Buy' on First Cash Financial (NASDAQ: FCFS) price target of $48.00.
Analyst, Daniel Furtado, said, "On August 16, 2012, FCFS announced an acquisition of 16 western pawn stores at a purchase price of $46M. The deal represents a 10% expansion in domestic full-format stores, with $0.02 to $0.03 add'l cost expected in 3Q'12. We are updating our numbers, and estimate $0.02 accretion in 2013 based on increased pawn loan balances."
Lowers current quarter EPS from $0.70 to $0.65, but raises FY13 from $3.24 to $3.26.
For an analyst ratings summary and ratings history on First Cash Financial click here. For more ratings news on First Cash Financial click here.
Shares of First Cash Financial closed at $44.47 yesterday, with a 52 week range of $33.27-$52.18.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Daniel Furtado, said, "On August 16, 2012, FCFS announced an acquisition of 16 western pawn stores at a purchase price of $46M. The deal represents a 10% expansion in domestic full-format stores, with $0.02 to $0.03 add'l cost expected in 3Q'12. We are updating our numbers, and estimate $0.02 accretion in 2013 based on increased pawn loan balances."
Lowers current quarter EPS from $0.70 to $0.65, but raises FY13 from $3.24 to $3.26.
For an analyst ratings summary and ratings history on First Cash Financial click here. For more ratings news on First Cash Financial click here.
Shares of First Cash Financial closed at $44.47 yesterday, with a 52 week range of $33.27-$52.18.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Wells Fargo Starts StealthGas (GASS) at Outperform
- Goldman Sachs Upgrades Enbridge (ENB) to Conviction Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
