Thomson Reuters/Verus Downgrades First Cash Financial Services to Sell (FCFS)
First Cash Financial Services (NASDAQ:FCFS) was downgraded by stock analysts at Thomson Reuters/Verus from a “hold” rating to a “sell” rating in a report issued on Monday, Analyst Ratings News reports.
Shares of First Cash Financial Services (NASDAQ:FCFS) traded down 0.66% during mid-day trading on Monday, hitting $57.49. The stock had a trading volume of 20,746 shares. First Cash Financial Services has a one year low of $41.17 and a one year high of $60.91. The stock’s 50-day moving average is $56.7 and its 200-day moving average is $54.55. The company has a market cap of $1.662 billion and a price-to-earnings ratio of 20.79.
First Cash Financial Services (NASDAQ:FCFS) last announced its earnings results on Wednesday, July 17th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.03. The company had revenue of $143.14 million for the quarter, compared to the consensus estimate of $149.84 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that First Cash Financial Services will post $2.82 EPS for the current fiscal year.
A number of other firms have also recently commented on FCFS. Analysts at FBR & Co. downgraded shares of First Cash Financial Services from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 1st. Separately, analysts at FBR Capital Markets downgraded shares of First Cash Financial Services from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 1st. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of First Cash Financial Services from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $55.10 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.89.
First Cash Financial Services, Inc is an operator of retail-based pawn and consumer finance stores in the United States and Mexico.
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