Cash America International Inc (CSH) is Upgraded by Macquarie to Neutral

Cash America International Inc (CSH) was Upgraded by Macquarie to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. Macquarie advised their investors in a research report released on Apr 29, 2016.

On the company’s financial health, Cash America International Inc reported $0.49 EPS for the quarter, based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $151.10 million for the quarter, compared to analysts expectations of $284.70 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

Cash America International Inc opened for trading at $39.81 and hit $40.82 on the upside on Wednesday, eventually ending the session at $40.7, with a gain of 2.18% or 0.87 points. The heightened volatility saw the trading volume jump to 2,22,213 shares. Company has a market cap of $996 M.

In a different news, on Nov 6, 2015, Thomas A Jr Bessant (Exec. VP – CFO) sold 12,000 shares at $34.06 per share price. According to the SEC, on May 15, 2015, Thomas Brent Stuart (President and COO) sold 2,220 shares at $27.68 per share price. On May 11, 2015, Victor L. Pepe (EVP, Chief Information Officer) sold 1,776 shares at $27.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Cash America International Inc. (Cash America) provides specialty financial services to individuals through its storefront lending and franchised check cashing locations. The Company offers secured non-recourse loans commonly 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. Cash America also offers check cashing and other ancillary products and services including money orders wire transfers prepaid debit cards and auto insurance. The Company’s franchised check cashing business offers check cashing services through its franchised check cashing centers. The Company provides its services in the United States under the names Cash America Pawn SuperPawn Cash America Payday Advance Cashland and Mr. Payroll. As of December 31 2014 the Company had a total of 859 locations that offered pawn lending and consumer lending in the United States.

Cash America International Inc

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