FirstCash Inc Forecasted to Post Q3 2017 Earnings of $0.61 Per Share (FCFS)
FirstCash Inc (NASDAQ:FCFS) – Analysts at Wedbush dropped their Q3 2017 EPS estimates for FirstCash in a report released on Thursday. Wedbush analyst H. Coffey now forecasts that the credit services provider will post earnings of $0.61 per share for the quarter, down from their previous estimate of $0.66. Wedbush has a “Outperform” rating and a $66.00 price target on the stock. Wedbush also issued estimates for FirstCash’s Q4 2017 earnings at $0.85 EPS.
FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The company had revenue of $416.60 million for the quarter, compared to analyst estimates of $410.65 million. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The firm’s revenue was up 128.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share.
Several other analysts have also recently issued reports on the company. BidaskClub cut FirstCash from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group AG assumed coverage on FirstCash in a research note on Wednesday. They set an “outperform” rating and a $73.00 price objective on the stock. Finally, Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.00.
FirstCash (NASDAQ:FCFS) opened at 61.95 on Friday. The firm’s 50-day moving average price is $60.13 and its 200 day moving average price is $55.56. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 33.54 and a beta of 0.90. FirstCash has a 52-week low of $39.80 and a 52-week high of $63.60.
Institutional investors have recently made changes to their positions in the company. Newfoundland Capital Management acquired a new stake in shares of FirstCash during the 1st quarter worth approximately $201,000. Ameritas Investment Partners Inc. acquired a new stake in shares of FirstCash during the 1st quarter worth approximately $202,000. BlueCrest Capital Management Ltd acquired a new stake in shares of FirstCash during the 1st quarter worth approximately $202,000. AlphaOne Investment Services LLC acquired a new stake in shares of FirstCash during the 2nd quarter worth approximately $207,000. Finally, Riverhead Capital Management LLC raised its position in shares of FirstCash by 74.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,663 shares of the credit services provider’s stock worth $214,000 after purchasing an additional 1,563 shares during the period.
FirstCash Company Profile
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.
Receive News & Ratings for FirstCash Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash Inc and related companies with MarketBeat.com's FREE daily email newsletter.