FirstCash Holdings, Inc. (NASDAQ:FCFS) to Issue $0.42 Quarterly Dividend

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 14th will be paid a dividend of 0.42 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 14th.

FirstCash has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. FirstCash has a dividend payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect FirstCash to earn $12.34 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 13.6%.

FirstCash Trading Down 5.4%

FCFS traded down $11.33 on Thursday, reaching $197.41. 1,557,285 shares of the company traded hands, compared to its average volume of 371,602. The company has a market cap of $8.65 billion, a P/E ratio of 24.74 and a beta of 0.53. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98. FirstCash has a one year low of $119.21 and a one year high of $235.97. The firm has a fifty day simple moving average of $220.78 and a two-hundred day simple moving average of $200.84.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.11. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. As a group, equities research analysts expect that FirstCash will post 11.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on FCFS shares. Weiss Ratings downgraded FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Canaccord Genuity Group upped their target price on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. TD Cowen raised their price target on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FirstCash presently has an average rating of “Moderate Buy” and a consensus price target of $199.25.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.