FirstCash (NASDAQ:FCFS) Issues Earnings Results, Beats Expectations By $0.10 EPS

FirstCash (NASDAQ:FCFS) issued its quarterly earnings data on Tuesday. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10, MarketWatch Earnings reports. The company had revenue of $389.58 million for the quarter, compared to the consensus estimate of $380.94 million. FirstCash had a return on equity of 9.48% and a net margin of 6.83%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share.

FCFS stock traded down $1.97 during trading on Thursday, hitting $77.07. 8,962 shares of the company traded hands, compared to its average volume of 212,225. The stock’s 50-day moving average is $79.14. The company has a current ratio of 2.63, a quick ratio of 1.76 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $3.16 billion, a P/E ratio of 29.86 and a beta of 0.82. FirstCash has a 1 year low of $51.15 and a 1 year high of $84.83.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 27th. Investors of record on Friday, August 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, August 12th. FirstCash’s dividend payout ratio is currently 39.87%.

Several brokerages have weighed in on FCFS. Zacks Investment Research raised FirstCash from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Tuesday, July 13th. Janney Montgomery Scott downgraded FirstCash from a “buy” rating to a “neutral” rating in a report on Monday, May 24th. Credit Suisse Group downgraded FirstCash from an “outperform” rating to an “underperform” rating and raised their price target for the stock from $74.00 to $83.00 in a report on Tuesday, June 22nd. Finally, Wedbush raised their price target on FirstCash from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $80.00.

About FirstCash

FirstCash, Inc, together with its subsidiaries, operates retail pawn stores in the United States and Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.

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Earnings History for FirstCash (NASDAQ:FCFS)

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