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JB Hi-Fi Posts Higher Fiscal Q3 Australia, New Zealand Sales
JB Hi-Fi (ASX:JBH) reported that its Australia sales for the fiscal third quarter rose 2.6% on a comparable basis, according to a Wednesday filing with the Australian bourse.The company's comparable sales in New Zealand rose past 15%, while The Good Guys comparable sales jumped 2.5%, the filing added. Sales from e&s fell 4.8%.
$ASX:JBH
Research
Research Alert: CFRA Keeps Buy Rating On Shares Of Paypal Holdings, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price by $7 to $53, applying a forward P/E of 9.2x our 2027 EPS view vs. PYPL's three-year historical forward P/E average of 12.2x and the peer average of 8.3x. We keep our 2026 EPS estimate at $5.43 and decrease 2027's to $5.78 from $5.95. New CEO Lores introduced a much-needed strategic framework in his first quarter, reorganizing the company into three distinct business units to improve focus and accountability. The plan is underpinned by a major cost-saving initiative of at least $1.5B and a renewed emphasis on modernizing the tech stack with AI. We view this as a necessary foundational reset, with management finally acknowledging past issues and laying out a clear, albeit challenging, path forward. This cautious outlook was underscored by weak Q2 guidance, even as the company reiterated its full-year targets. While core branded checkout growth remains tepid, we are encouraged that other areas like Venmo and PSP continue to show strength, providing a buffer during this transition.
$PYPL
Research
Research Alert: Ifc Q1: Combined Ratio Holds At 91.3%, Noips Rises 8%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:IFC reported NOIPS of CAD4.33 per share, up 8% Y/Y and above consensus of CAD4.06, while diluted EPS reached CAD4.12, increasing 12% Y/Y and exceeding expectations of CAD3.69. The combined ratio held at 91.3%, matching prior year levels, as operating direct premiums written grew 4% to CAD5.6B with Canada up 5%, UK&I up 2%, and US up 4%. As the laggard in our insurance coverage with -15% 1-year share price performance, we consider NOIPS and BVPS growing 8%-13% and the combined ratio remaining sub-92% constructive performance. The company expects full-year investment income of approximately CAD1.7B. Canada segment improved with a 89.3% combined ratio, while UK&I deteriorated to 103.2% due to catastrophe losses and large claims. Operating ROE climbed 290 bps to 19.4%, while total capital margin expanded to CAD4.0B, up CAD916M from prior year. The strengthened balance sheet increasingly provides capacity for acquisitions and share repurchases.
$IFC