
Management expects adjusted EPS in the range of $2.48 to $2.58. However, continued weakness in mortgage activity has resulted in a 7.8% decline in mortgage-related revenues in 2007. Shares of Equifax are currently trading at a P/E multiple of 13.7x our 2008 EPS estimate of $2.54. Though the acquisition of TALX Corporation is expected to expand margins, this will come with increased execution risk. We believe that the stock will perform in line with the broader equity market over the near-term. Over the last six years, EFX has traded in a range of 14x to 20x forward earnings. Given the challenging market for equities, we continue to expect that the stock will trade at the low-end of this range. Thus, we maintain a Hold recommendation on EFX shares with a six-month target price of $36.50 given its sensitivity to the credit market. Our new target price of government credit report free Las Vegas $36.50 represents a multiple of 14.4x our 2008 EPS estimate, a discount to government credit report free Las Vegas the industry mean and S&P 500. Aside from Visa (V) or Mastercard (MA), it doesnt seem as if the credit card issuers have been getting the attention they deserve. With all of the panic and concern surrounding the brokers and builders, perhaps plates are too full to take on any more. Yet, I have been thinking about how easy credit policies made available for housing created a monstrous economic problem. Even so, it does seems plausible that companies issuing collateralized debt could eventually see a recovery if the underlying property can be liquidated for some portion of its worth. free credit report now But, what happens as defaults rise on credit/bank card debt, which is only backed by the full faith and government credit report free Las Vegas credit of the borrower? Hillenbrand Industries announced last week that it would be spinning government credit report free Las Vegas off its funeral services business prompting Moody's on Monday to downgrade the company. The government credit report free Las Vegas Batesville, Ind.-based company saw its Moody's (nyse: MCO - news - people ) rating go from A3 to Baa after news that it would be having an initial public offering for its Batesville Holdings, the funeral services division that specializes in caskets. The funeral services division, set to distribute shares on March 31, will be re-branded as Hillenbrand, while the other division of the company, the medical services division, is now called Hill-Rom government credit report free Las Vegas Holdings. Moody's said that the new rating better represents the risk-associated with the government credit report free Las Vegas company due to higher margins and greater stability associated with the casket business. credit reporting Moody's is concerned that this places the remaining medical supply business in line for an aggressive acquisition. Shares of Hillenbrand (nyse: HB - news - people ) were up at close government credit report free Las Vegas on Monday by1.2%, or 56 cents, to $49.02.
On Monday, Batesville Holdings announced a new board of directors in preparation for the split. The new company will trade government credit report free Las Vegas on the New York Stock Exchange under the symbol HI.
Cash America International Inc., a pawn shop operator and payday lender, said its first-quarter earnings will be higher government credit report free Las Vegas than previously expected due to better revenue growth and lower-than-expected loan losses.
Fort Worth-based Cash America (NYSE: CSH) said earnings for the quarter ended March 31 will likely reach 80 cents to 82 cents a share, rather than its previous forecast of 70 cents to 75 cents a share.
The company earned 63 cents a share in the year-ago quarter.
Analysts surveyed by Thomson Financial estimated earnings government credit report free Las Vegas of 72 cents a share. The company plans to release its first-quarter results on April 24. Cash America has 942 locations in the United States and also offers short-term government credit report free Las Vegas cash advances over the Internet in 32 states and in the United Kingdom. CapitalSource, a government credit report free Las Vegas lender and investment manager based in Chevy Chase, Md., in May agreed to buy TierOne Corp. credit report and scores The company, which manages $20.9 billion in investments, wanted to buy the Nebraska-based bank for its deposits.
Each side claimed government credit report free Las Vegas responsibility for squashing the agreement. Regardless of who killed the deal, Friedman Billings Ramsey government credit report free Las Vegas analyst Scott Valentin said it is good news for CapitalSource. Any benefit the company would have enjoyed from the bank's $2.4 billion in deposits would have been more than outpaced by the deteriorating credit quality of the bank's loan portfolio, he said. Of TierOne's $3.34 billion loan portfolio, more than $1 billion are real estate loans, mainly loans to builders and developers.
No hay comentarios:
Publicar un comentario