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%.
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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