First Cash, Inc. (FCFS) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of First Cash, Inc. (NYSE:FCFS) have earned an average recommendation of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $66.40.
FCFS has been the topic of several research reports. Zacks Investment Research raised First Cash from a “sell” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday, October 30th. BidaskClub lowered First Cash from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Finally, Wedbush raised their price objective on First Cash from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, October 5th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Insight Capital Research & Management Inc. purchased a new stake in shares of First Cash during the third quarter worth about $913,000. California Public Employees Retirement System increased its position in shares of First Cash by 3.9% during the third quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock worth $10,510,000 after acquiring an additional 6,211 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of First Cash during the third quarter worth about $230,000. Earnest Partners LLC increased its position in shares of First Cash by 1.6% during the third quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock worth $93,090,000 after acquiring an additional 22,690 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC purchased a new stake in shares of First Cash during the third quarter worth about $54,801,000. 95.71% of the stock is currently owned by institutional investors and hedge funds.
First Cash (NYSE:FCFS) last released its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. First Cash had a return on equity of 8.45% and a net margin of 6.41%. The company had revenue of $435.40 million for the quarter, compared to analyst estimates of $418.57 million. During the same period last year, the company posted $0.58 earnings per share. The firm’s revenue was up 66.7% compared to the same quarter last year. research analysts predict that First Cash will post 2.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 13th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.18%. This is a positive change from First Cash’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, November 10th. First Cash’s payout ratio is presently 34.19%.
First Cash 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 First Cash Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Cash Inc. and related companies with MarketBeat.com's FREE daily email newsletter.