FirstCash Inc (FCFS) Expected to Post Earnings of $0.58 Per Share
Wall Street analysts expect that FirstCash Inc (NASDAQ:FCFS) will post $0.58 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for FirstCash’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.61. FirstCash also posted earnings per share of $0.58 in the same quarter last year. The business is expected to issue its next earnings report before the market opens on Thursday, October 26th.
On average, analysts expect that FirstCash will report full year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.63 to $2.65. For the next fiscal year, analysts forecast that the company will report earnings of $3.12 per share, with EPS estimates ranging from $3.03 to $3.20. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for FirstCash.
FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The company had revenue of $416.60 million for the quarter, compared to the consensus estimate of $410.65 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. FirstCash’s revenue was up 128.9% on a year-over-year basis.
FCFS has been the topic of several research analyst reports. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Thursday, August 31st. BidaskClub downgraded FirstCash from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Finally, CL King downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $64.57.
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Several hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors lifted its holdings in shares of FirstCash by 252.5% in the 3rd quarter. Nationwide Fund Advisors now owns 190,889 shares of the credit services provider’s stock valued at $12,055,000 after buying an additional 136,737 shares during the period. Northpointe Capital LLC lifted its holdings in shares of FirstCash by 0.9% in the 3rd quarter. Northpointe Capital LLC now owns 136,284 shares of the credit services provider’s stock valued at $8,606,000 after buying an additional 1,230 shares during the period. Whittier Trust Co. lifted its holdings in shares of FirstCash by 1,019.6% in the 3rd quarter. Whittier Trust Co. now owns 12,461 shares of the credit services provider’s stock valued at $787,000 after buying an additional 11,348 shares during the period. APG Asset Management N.V. acquired a new position in shares of FirstCash in the 3rd quarter valued at about $1,869,000. Finally, Rockefeller Financial Services Inc. lifted its holdings in shares of FirstCash by 3.3% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 311,362 shares of the credit services provider’s stock valued at $19,663,000 after buying an additional 9,810 shares during the period.
FirstCash (NASDAQ FCFS) opened at 59.60 on Tuesday. The company has a market cap of $2.84 billion, a P/E ratio of 32.27 and a beta of 0.90. FirstCash has a 12-month low of $39.80 and a 12-month high of $63.60. The firm has a 50-day moving average price of $60.70 and a 200-day moving average price of $56.91.
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.
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