Credit Corp’s first-quarter result was strong overall, according to Morgans, with strong cash collection and a rebound in lending demand.
Compared to the previous corresponding period total collections were up 16%, Aust/NZ collections were up 4% and US collections were up 34%.
The company reaffirmed all guidance metrics, including EPS of 89-112cps, DPS 45-55cps, and profit (NPAT) of $60-75m.
Purchase of debt ledgers (PDL) is tracking reasonably notes the broker, with the return of two Australian sellers.
The Add rating is unchanged and the target is decreased to $21.20 from $21.25.
Sector: Diversified Financials.
Credit Corp’s first-quarter result was strong overall, according...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$13.20 |
Change
0.290(2.25%) |
Mkt cap ! $898.4M | |||
| Open | High | Low | Value | Volume |
| $12.89 | $13.30 | $12.70 | $7.519M | 570.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $13.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.24 | 3024 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| CCP (ASX) Chart |