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Advance America Cash Advance Centers, Inc.
by Michael VodickaNovember 01, 2011 | Comments : 0 Recommended this article: (0)
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Advance America, Cash Advance Centers, Inc. provides cash advance services in the United States, the United Kingdom, and Canada. The company was founded in 1997 and has a market cap of $534 million.
Shares of AEA have been racing higher for the last six months as earnings continue to accelerate in the weak economy. That was on display when the company reported strong Q3 results in late October that came in ahead of expectations.
Revenue for the period was up 3% from last year to $159 million. Earnings also looked good, coming in at 24 cents, 14% ahead of the Zacks Consensus Estimate, where the company has an average earnings surprise of 20% over the last four quarters.
The company also declared a nice quarterly dividend of .0625 cents, which equates to an annual dividend yield of 3%.
Advance's financial profile was also on the upswing, with cash and equivalents up $9 million to $36 million while long-term debt fell $500,000 to just $3.2 million.
We saw some decent movement in estimates off the good quarter, with the current year adding 3 cents to 95 cents. The next-year estimate is pegged at $1.12, a bullish 18% growth projection.
With a PEG ratio of .5, TTM trades at a sharp discount to the benchmark of 1 for value.
On the chart, shares have seen big gains in the last 6 months, hitting a new all-time high in July before pulling back with the market. Take a look below.
Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Whisper Trader Service.
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