Cash America International Inc (CSH) Releases Earnings Results, Beats Expectations By $0.04 EPS

Cash America International Inc (CSH) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.38. The company posted revenue of $277.21 million in the period, compared to analysts expectations of $261.89 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on Cash America International Inc. Cash America International Inc was Upgraded by Macquarie to ” Neutral” on Apr 29, 2016. Cash America International Inc was Downgraded by JMP Securities to ” Mkt Perform” on Apr 29, 2016.

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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