Jefferies Maintains a 'Buy' on First Cash Financial (FCFS); Adjusting Numbers on 16 Store Acquisition

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• Powell Industries (POWL) PT Lowered to $235 at Cantor Fitzgerald
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating