FirstCash Holdings, Inc. (FCFS) To Go Ex-Dividend on November 13th

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 13th will be paid a dividend of $0.46 per share on Tuesday, November 24th. This represents a $1.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, November 13th. This is a 9.5% increase from FirstCash’s previous quarterly dividend of $0.42.

FirstCash has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 8 years. FirstCash has a dividend payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FirstCash to earn $12.50 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 14.7%.

FirstCash Stock Down 2.3%

Shares of FirstCash stock opened at $183.43 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 4.81 and a quick ratio of 3.42. FirstCash has a 1-year low of $146.95 and a 1-year high of $238.93. The business’s fifty day moving average price is $208.56 and its two-hundred day moving average price is $206.57. The company has a market capitalization of $7.87 billion, a P/E ratio of 19.87 and a beta of 0.59.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.05. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. FirstCash had a return on equity of 20.17% and a net margin of 9.48%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. As a group, research analysts forecast that FirstCash will post 11.03 EPS for the current year.

FirstCash declared that its board has initiated a stock repurchase plan on Wednesday, October 28th that authorizes the company to repurchase $200 million in shares. This repurchase authorization authorizes the company to purchase up to 2.4% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

About FirstCash

FirstCash Holdings, Inc. operates pawn stores that provide short-term, non-recourse loans secured by personal property and sell previously owned merchandise. Its stores also purchase items from customers, including jewelry, electronics, tools and other goods. The company serves customers in the United States and Latin America, including Mexico, Guatemala, El Salvador and Colombia. Its retail operations offer a range of pre-owned goods, with jewelry among its key product categories. FirstCash was formed in 2016 through the merger of First Cash Financial Services and Cash America International.