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.

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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.

Earnings History and Estimates for FirstCash (NASDAQ:FCFS)

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