Canaccord Genuity Maintains a 'Hold' on Cash Store Financial (CSFS); Q2/F11 Preview: Focus on Cost Control
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Price: $0.30 --0%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Canaccord Genuity maintains a 'Hold' on Cash Store Financial (NYSE: CSFS), PT C$16.25.
Canaccord analyst says, "CSF reports Q2/F11 results on April 27, 2011. We forecast EPS FD of $0.17 on revenue of $47.7 million, up 17% YoY (down 3.4% QoQ)...For what is typically the seasonally slowest quarter, we expect a 5.7% QoQ decline in loan volume to $172 million for Q2/F11. Based on management comments last quarter, we expect that 10 branches were opened in Canada and 3 in the UK...Near-term stock outlook likely rests on: demonstrated expense controls, attaining bank debt, and resolution to the outstanding Consumer Protection BC review, in our opinion."
For more ratings news on Cash Store Financial click here and for the rating history of Cash Store Financial click here.
Shares of Cash Store Financial closed at $14.97 yesterday.
Canaccord analyst says, "CSF reports Q2/F11 results on April 27, 2011. We forecast EPS FD of $0.17 on revenue of $47.7 million, up 17% YoY (down 3.4% QoQ)...For what is typically the seasonally slowest quarter, we expect a 5.7% QoQ decline in loan volume to $172 million for Q2/F11. Based on management comments last quarter, we expect that 10 branches were opened in Canada and 3 in the UK...Near-term stock outlook likely rests on: demonstrated expense controls, attaining bank debt, and resolution to the outstanding Consumer Protection BC review, in our opinion."
For more ratings news on Cash Store Financial click here and for the rating history of Cash Store Financial click here.
Shares of Cash Store Financial closed at $14.97 yesterday.
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