Zacks.com Announces That Richard Moroney Highlights the Following Stocks: Flagstar Bancorp, BioReliance, First Cash Financial, and Investors Financial Services.
CHICAGO--(BUSINESS WIRE)--Nov. 3, 2003
Having trouble finding dividend payers among small company stocks? Richard Moroney can end your search through his extensive analysis and stock recommendations. Read about Flagstar Bancorp (NYSE:FBC), BioReliance (NASDAQ:BREL), First Cash Financial (NASDAQ:FCFS), and Investors Financial Services (NASDAQ:IFIN). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/
Here are the highlights from the Featured Expert column:
If you are investing in small-company stocks, limiting your search to dividend-paying companies can be problematic. For one thing, the average stock in the Russell 2000 Index yields less than 1%, compared to 1.5% for the average stock in the S&P 500 Index. Still, if you can find them, dividend-paying stocks can provide a winning combination of growth and income. At 2.8%, Flagstar Bancorp (NYSE:FBC) is the highest yielder. Moreover, the company has aggressively grown its dividend. September-quarter earnings per share were $1.42, up from 73 cents a year earlier.
Sales and earnings standouts
Earnings season has begun well for small-company stocks, with reported earnings beating expectations handily. In the following paragraphs, Upside reviews three high-quality companies with strong earnings momentum and bright year-ahead profit prospects.
BioReliance (NASDAQ:BREL), a leading supplier of testing, development, and manufacturing services to pharmaceutical companies, posted record September-quarter results. Per-share earnings reached 39 cents, up from 36 cents in 2002 and topping the consensus estimate by a penny. Revenue rose 13% to $24 million, with sales up 11% in the U.S. and 20% in Europe. Sales should benefit from the growing trend toward outsourcing biotech testing and product development.
First Cash Financial (NASDAQ:FCFS) exceeded consensus estimates by more than 15% in he September quarter. Per-share profits for this fast-growing operator of pawn and check-cashing stores soared 37% to 37 cents. Sales jumped 25%, spurred by 15% same-store sales growth. Management now expects full year earnings per share of $1.43 to $1.45, up from $1.14 in 2002. During the quarter, the company added 12 new locations, bringing the total store count to 224. First Cash remains on track to open a total of 45 stores by year-end.
Investors Financial Services (NASDAQ:IFIN) delivered outstanding September-quarter earnings of 40 cents per share, up 54% from a year earlier and 18% above the consensus estimate. Investors Financial provides asset servicing, including securities custody and accounting. Value-added services include mutual fund administration and foreign exchange. Looking ahead, Investors Financial stands to benefit from an improving operating environment and continued cost cutting.
Read all of Richard Moroney's commentaries and take a look at several more sales and earnings standouts by clicking: http://featuredexpert3bw.zacks.com/
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|Date:||Nov 3, 2003|
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