We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Alliance Data's October Receivables in Card Business Up
Read MoreHide Full Article
Alliance Data Systems Corporation reported an increase in average receivables in its Card Services segment for the month of Oct 2016.
The Plano, TX-based company recorded average receivables of $14.60 billion for the month, up 22% year over year. For the 10-month period ended Oct 2016, average receivables increased 24% year over year to $13.77 billion.
Net charge-offs came in at $66.99 million for the reported month, while for the ten-month period ended Oct 2016, net charge-offs were $580.23 million.
As a percentage of average receivables, net charge-offs for the month and the ten-month period ended Oct 2016, was 5.5% and 5.1%, respectively, compared to 5.0% and 4.5%, respectively, in the prior-year period. The company remains focused on its full-year 2016 guidance of a 5.0% principal loss rate.
In the release, Alliance Data stated that the net loss rate for the month is in line with maintaining its full-year guidance of $7.2 billion in total revenue and core EPS of $16.90. This reflects year-over-year increases of 11% and 12%, respectively.
Currently, Alliance Data carries a Zacks #3 (Hold).
Vantiv, Inc. : Over the last 30 days, the Zacks Consensus Estimate for the current year increased 1.2% to $2.57 per share and inched up 1% to $2.93 for 2017. The company carries a Zacks Rank #2.
WEX Inc. (WEX - Free Report) : The Zacks Consensus Estimate for 2016 moved up 5.5% to $4.24 per share for 2016 and 2.6% to $5.09 for 2017, over the last 30 days. The company carries a Zacks Rank #2.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Alliance Data's October Receivables in Card Business Up
Alliance Data Systems Corporation reported an increase in average receivables in its Card Services segment for the month of Oct 2016.
The Plano, TX-based company recorded average receivables of $14.60 billion for the month, up 22% year over year. For the 10-month period ended Oct 2016, average receivables increased 24% year over year to $13.77 billion.
Net charge-offs came in at $66.99 million for the reported month, while for the ten-month period ended Oct 2016, net charge-offs were $580.23 million.
As a percentage of average receivables, net charge-offs for the month and the ten-month period ended Oct 2016, was 5.5% and 5.1%, respectively, compared to 5.0% and 4.5%, respectively, in the prior-year period. The company remains focused on its full-year 2016 guidance of a 5.0% principal loss rate.
In the release, Alliance Data stated that the net loss rate for the month is in line with maintaining its full-year guidance of $7.2 billion in total revenue and core EPS of $16.90. This reflects year-over-year increases of 11% and 12%, respectively.
Currently, Alliance Data carries a Zacks #3 (Hold).
Stocks to Consider
Mastercard Incorporated (MA - Free Report) : The Zacks Consensus Estimate for 2016 moved up 2.5% to $3.74 per share for 2016 and 1.7% to $4.30 for 2017, over the last 30 days. The company sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Vantiv, Inc. : Over the last 30 days, the Zacks Consensus Estimate for the current year increased 1.2% to $2.57 per share and inched up 1% to $2.93 for 2017. The company carries a Zacks Rank #2.
WEX Inc. (WEX - Free Report) : The Zacks Consensus Estimate for 2016 moved up 5.5% to $4.24 per share for 2016 and 2.6% to $5.09 for 2017, over the last 30 days. The company carries a Zacks Rank #2.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>