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Last $5.17 USD
Change Today +0.07 / 1.37%
Volume 95.5K
JGW On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

jg wentworth co-cl a (JGW) Snapshot

Open
$5.13
Previous Close
$5.10
Day High
$5.30
Day Low
$5.01
52 Week High
09/3/14 - $13.53
52 Week Low
08/24/15 - $4.32
Market Cap
79.5M
Average Volume 10 Days
103.0K
EPS TTM
$0.59
Shares Outstanding
15.4M
EX-Date
--
P/E TM
8.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for JG WENTWORTH CO-CL A (JGW)

jg wentworth co-cl a (JGW) Related Businessweek News

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jg wentworth co-cl a (JGW) Details

The J.G. Wentworth Company provides funding solutions to customers in the United States. It serves the liquidity needs of structured settlement payment holders by providing its customers with cash in exchange for various fixed scheduled future payments. The company acts as an intermediary that identifies, underwrites, and purchases individual payment streams from its customers; aggregates those payment streams; and then finances them in the institutional market at financing rates. It offers liquidity to customers through various products, such as structured settlements, which are contractual agreements to settle a tort claim involving physical injury or illness; and annuities that are insurance products purchased by individuals from insurance companies entitling the beneficiary to receive a pre-determined stream of periodic payments. The company’s products also comprise lotteries, which are prizes with periodic payments and backed by state lottery commission obligations or insurance company annuities; and pre-settlement funding, a transaction with a plaintiff with a pending personal injury claim to provide liquidity while awaiting settlement. It engages in warehousing and resale or securitization of various financial assets. The J.G. Wentworth Company offers its products and services under the JG Wentworth and Peachtree brand names. The company was formerly known as JGWPT Holdings Inc. and changed its name to The J.G. Wentworth Company in September 2014. The J.G. Wentworth Company was incorporated in 2013 and is headquartered in Radnor, Pennsylvania.

410 Employees
Last Reported Date: 05/11/15
Founded in 2013

jg wentworth co-cl a (JGW) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $269.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $406.2K
Compensation as of Fiscal Year 2014.

jg wentworth co-cl a (JGW) Key Developments

The J.G. Wentworth Company® Announces J.G. Wentworth Cash Now Visa® Prepaid Card

The J.G. Wentworth Company® announced that its first prepaid product, the J.G. Wentworth Cash Now Visa® Prepaid Card, is now available, solidifying its entry into the prepaid card category. The company expects the prepaid offering to benefit the structured settlement payment purchasing business through the use of powerful, reward-based prepaid programs that support customer acquisition and retention efforts. Prepaid cards will also be offered to customers in place of a paper check to provide more efficient and convenient access to funds. In addition, the company plans to enter the incentive category, team with distribution networks, and expand partnerships to offer a robust portfolio of prepaid products. The J.G. Wentworth Cash Now prepaid card is a General Purpose Reloadable (GPR) Card that provides the convenience of a debit card, and is available regardless of credit rating or income. Additional benefits include reload capabilities via direct deposit and participating retail agent reload locations, the ability to shop or pay bills online, access to cash from ATMs, and purchase and fraud protection, among others.

The J.G. Wentworth Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

The J.G. Wentworth Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Revenues were $61.4 million, a decrease of 50.3% as compared to revenues of $123.5 million in the second quarter of 2014, due primarily to: (i) an increase in its cost of funds during second quarter 2015 as compared to second quarter 2014 and the resulting impact on unrealized gains on VIE and other finance receivables, long term debt and derivatives primarily from its $4.4 billion of previously securitized finance receivables, and (ii) to a lesser extent, the impact of a decrease in purchase yield on fundings and in Total Receivables Balance purchases in second quarter 2015 as compared to second quarter 2014. Net income decreased to a loss of $26.6 million, as compared to net income of $21.7 million in the second quarter of 2014, due primarily to: (i) an increase in its cost of funds during second quarter 2015 as compared to second quarter 2014 and the resulting impact on unrealized gains on VIE and other finance receivables, long term debt and derivatives primarily from its $4.4 billion of previously securitized finance receivables, and (ii) to a lesser extent, the impact of a decrease in purchase yield on fundings and in TRB purchases in second quarter 2015 as compared to second quarter 2014. Adjusted net income decreased to a loss of $2.3 million as compared to income of $17.2 million in the second quarter of 2014 and $8.2 million in the first quarter of 2015. Total revenues were $61.363 million against $123.488 million a year ago. Loss before income taxes was $28.649 million against income of $27.789 million a year ago. Net loss attributable to The J.G. Wentworth Company was $12.296 million or $0.87 diluted per share attributable to stockholders of Class A common stock against income of $6.268 million or $0.50 diluted per share attributable to stockholders of Class A common stock a year ago. However, the reported results were heavily impacted by the interest rate environment, which led to a rapid increase in the cost of funds for the quarter. As a result, the company reported an adjusted net loss per share of $0.08. Interest income in the second quarter of 2015 increased marginally from the first quarter but was down compared to a year ago. For the six-month period, the company reported total revenues were $148.193 million against $260.078 million a year ago. Loss before income taxes was $37.264 million against income of $70.234 million a year ago. Net loss attributable to The J.G. Wentworth Company was $13.641 million or $0.96 diluted per share attributable to stockholders of Class A common stock against income of $15.290 million or $1.26 diluted per share attributable to stockholders of Class A common stock a year ago. Adjusted net income was $5.930 million against $27.296 million a year ago.

The J.G. Wentworth Company to Report Q2, 2015 Results on Aug 05, 2015

The J.G. Wentworth Company announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 05, 2015

 

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JGW

Industry Average

Valuation JGW Industry Range
Price/Earnings 31.4x
Price/Sales 0.4x
Price/Book 0.7x
Price/Cash Flow 12.6x
TEV/Sales NM Not Meaningful
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