Sterne Agee Reiterates Neutral, $53 PT on Cash America
Sterne Agee maintains its Neutral rating and $53 target price on Cash America (NYSE: CSH) as the company pre-releases below expectations.
Sterne Agee says, "CSH indicated after the close yesterday that it expected to report full-year EPS of $4.25. Based on year-to-date September reported EPS of $3.07, this suggests 4Q EPS of $1.18 to $1.20 (rounding). This is below consensus EPS for the quarter of $1.35 and our estimate of $1.33. Consensus estimates for the quarter ranged between $1.33 and $1.40. In 4Q10 the company reported EPS of $1.10."
CSH closed at $44.10 per share on Tuesday.
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