FirstCash Inc (NASDAQ:FCFS) – Stock analysts at Wedbush dropped their Q2 2017 earnings per share (EPS) estimates for shares of FirstCash in a research report issued to clients and investors on Tuesday. Wedbush analyst H. Coffey now expects that the credit services provider will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.47. Wedbush has a “Outperform” rating and a $60.00 price objective on the stock. Wedbush also issued estimates for FirstCash’s Q3 2017 earnings at $0.74 EPS.

Other analysts have also recently issued research reports about the stock. JMP Securities reduced their price target on shares of FirstCash from $57.00 to $52.00 and set a “mkt outperform” rating on the stock in a research report on Friday, February 3rd. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, April 27th. TheStreet raised shares of FirstCash from a “c+” rating to a “b” rating in a research report on Monday, April 17th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $60.00 price target on shares of FirstCash in a research report on Friday, April 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $54.63.

Earnings History and Estimates for FirstCash (NASDAQ:FCFS)

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Shares of FirstCash (NASDAQ:FCFS) opened at 53.40 on Thursday. FirstCash has a 12-month low of $39.80 and a 12-month high of $54.95. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 26.94 and a beta of 0.90. The stock has a 50 day moving average of $51.43 and a 200 day moving average of $46.99.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, April 27th. The credit services provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The business had revenue of $447.60 million for the quarter, compared to the consensus estimate of $435.14 million. During the same quarter last year, the business earned $0.48 EPS. FirstCash’s revenue for the quarter was up 144.3% compared to the same quarter last year.

Several large investors have recently modified their holdings of FCFS. BlackRock Inc. increased its stake in FirstCash by 77,659.7% in the first quarter. BlackRock Inc. now owns 5,898,853 shares of the credit services provider’s stock worth $289,930,000 after buying an additional 5,891,267 shares during the period. Park West Asset Management LLC increased its stake in FirstCash by 247.3% in the first quarter. Park West Asset Management LLC now owns 949,415 shares of the credit services provider’s stock worth $46,664,000 after buying an additional 676,019 shares during the period. Fiduciary Management Inc. WI increased its stake in FirstCash by 27.6% in the first quarter. Fiduciary Management Inc. WI now owns 3,029,034 shares of the credit services provider’s stock worth $148,877,000 after buying an additional 654,624 shares during the period. Wellington Management Group LLP increased its stake in FirstCash by 98.6% in the first quarter. Wellington Management Group LLP now owns 1,267,147 shares of the credit services provider’s stock worth $62,280,000 after buying an additional 629,104 shares during the period. Finally, Norges Bank acquired a new stake in FirstCash during the fourth quarter worth approximately $24,894,000.

In related news, CFO R Douglas Orr sold 5,000 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $52.50, for a total transaction of $262,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, May 11th. FirstCash’s dividend payout ratio is presently 25.38%.

About FirstCash

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

12 Month Chart for NASDAQ:FCFS

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