Cash America International Inc. (CSH) Shares Down 3.9%
Cash America International Inc. (NYSE:CSH)’s share price traded down 3.9% on Wednesday . The stock traded as low as $43.12 and last traded at $43.15, with a volume of 51,858 shares trading hands. The stock had previously closed at $44.92.
A number of brokerages recently issued reports on CSH. Zacks Investment Research raised Cash America International from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research report on Friday, July 29th. Macquarie raised Cash America International from an “underperform” rating to a “neutral” rating in a research report on Friday, April 29th. Finally, JMP Securities lowered Cash America International from an “outperform” rating to a “market perform” rating in a research 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 assigned a buy rating to the company. Cash America International presently has an average rating of “Hold” and an average target price of $40.67.
The stock has a market cap of $1.04 billion and a price-to-earnings ratio of 36.70. The stock’s 50 day moving average price is $43.16 and its 200 day moving average price is $38.87.
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, topping the consensus estimate of $0.15 by $0.10. During the same quarter in the previous year, the company posted $0.06 EPS. The firm earned $241.20 million during the quarter, compared to the consensus estimate of $250.05 million. The firm’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Cash America International Inc. will post $1.44 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.32 annualized dividend and a yield of 0.74%.
An institutional investor recently raised its position in Cash America International stock. Dimensional Fund Advisors LP boosted its stake in Cash America International Inc. (NYSE:CSH) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,167,696 shares of the company’s stock after buying an additional 61,383 shares during the period. Dimensional Fund Advisors LP owned approximately 8.72% of Cash America International worth $64,922,000 at the end of the most recent reporting period.
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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