Cash America International Inc. (CSH) Hits New 1-Year High at $45.10
Cash America International Inc. (NYSE:CSH) shares reached a new 52-week high on Monday . The company traded as high as $45.10 and last traded at $45.02, with a volume of 22,536 shares changing hands. The stock had previously closed at $44.56.
A number of research analysts have weighed in on CSH shares. Zacks Investment Research downgraded Cash America International from a “strong-buy” rating to a “hold” rating in a report on Monday, July 18th. Macquarie raised Cash America International from an “underperform” rating to a “neutral” rating in a report on Friday, April 29th. Finally, JMP Securities downgraded Cash America International from an “outperform” rating to a “market perform” rating in a report on Friday, April 29th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $40.67.
The company has a market cap of $1.09 billion and a PE ratio of 38.20. The company has a 50-day moving average of $42.98 and a 200-day moving average of $38.49.
Cash America International (NYSE:CSH) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.10. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company earned $241.20 million during the quarter, compared to analysts’ expectations of $250.05 million. The company’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that Cash America International Inc. will post $1.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be issued a $0.08 dividend. The ex-dividend date is Monday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.72%.
An institutional investor recently raised its position in Cash America International stock. Rhumbline Advisers raised its stake in Cash America International Inc. (NYSE:CSH) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,756 shares of the company’s stock after buying an additional 1,705 shares during the period. Rhumbline Advisers owned about 0.20% of Cash America International worth $1,460,000 as of its most recent filing with the SEC.
Cash America International, Inc provides specialty financial services to individuals through its storefront lending and franchised check cashing locations. The Company offers secured non-recourse loans, referred to as pawn loans, as its primary line of business. The Company is also engaged in originating, arranging, guaranteeing or purchasing consumer loans in some of its locations.
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