FirstCash Inc (NASDAQ:FCFS) has earned a consensus rating of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $58.83.

A number of research analysts recently weighed in on FCFS shares. Zacks Investment Research lowered FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Stephens raised their price objective on FirstCash from $51.00 to $62.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. JMP Securities raised their price objective on FirstCash and gave the company an “outperform” rating in a research report on Friday, July 28th. BidaskClub lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, CL King lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th.

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Shares of FirstCash (NASDAQ FCFS) traded up 1.20% during midday trading on Tuesday, reaching $59.10. The company had a trading volume of 29,095 shares. The company has a 50-day moving average price of $57.67 and a 200 day moving average price of $50.42. FirstCash has a one year low of $39.80 and a one year high of $60.75. The company has a market capitalization of $2.85 billion, a P/E ratio of 32.00 and a beta of 0.90.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. FirstCash had a return on equity of 8.92% and a net margin of 7.29%. The company had revenue of $416.60 million during the quarter, compared to analyst estimates of $410.65 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 128.9% on a year-over-year basis. Equities analysts anticipate that FirstCash will post $2.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, August 11th. FirstCash’s payout ratio is 25.38%.

FirstCash announced that its board has approved a share buyback program on Monday, May 15th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the credit services provider to buy up to 4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

In other FirstCash news, CFO R Douglas Orr sold 7,500 shares of FirstCash stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $55.00, for a total value of $412,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised 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 last quarter. Park West Asset Management LLC raised 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 last quarter. Fiduciary Management Inc. WI raised 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 last quarter. Wellington Management Group LLP raised 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 last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in FirstCash during the first quarter worth approximately $15,612,000.

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.

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

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