FirstCash (FCFS) to Release Earnings on Thursday

FirstCash (NASDAQ:FCFS) will be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.50 per share for the quarter.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The business had revenue of $852.13 million for the quarter, compared to analysts’ expectations of $859.23 million. During the same period in the previous year, the company earned $1.65 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts expect FirstCash to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

FirstCash Stock Up 0.1 %

FirstCash stock opened at $130.59 on Tuesday. FirstCash has a fifty-two week low of $88.05 and a fifty-two week high of $133.46. The stock has a market cap of $5.89 billion, a PE ratio of 27.21 and a beta of 0.62. The firm’s 50-day simple moving average is $121.75 and its 200 day simple moving average is $114.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s dividend payout ratio (DPR) is presently 29.17%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FCFS. Stephens boosted their target price on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 19,020 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $117.34, for a total transaction of $2,231,806.80. Following the sale, the director now owns 5,997,680 shares of the company’s stock, valued at approximately $703,767,771.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the sale, the chief financial officer now owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 19,020 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $117.34, for a total transaction of $2,231,806.80. Following the completion of the transaction, the director now directly owns 5,997,680 shares in the company, valued at approximately $703,767,771.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 329,984 shares of company stock worth $38,850,386. 18.08% of the stock is owned by corporate insiders.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. 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.