FirstCash Inc (FCFS) Expected to Announce Earnings of $0.84 Per Share

Brokerages expect FirstCash Inc (NYSE:FCFS) to report $0.84 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for FirstCash’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.83. FirstCash posted earnings per share of $0.77 in the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The company is expected to issue its next earnings report before the market opens on Thursday, February 1st.

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 $2.66. For the next fiscal year, analysts forecast that the business will post earnings of $3.18 per share, with EPS estimates ranging from $3.08 to $3.21. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover FirstCash.

FirstCash (NYSE:FCFS) last announced its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $435.40 million for the quarter, compared to analysts’ expectations of $418.57 million. FirstCash had a net margin of 6.41% and a return on equity of 8.45%. FirstCash’s revenue was up 66.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 earnings per share.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Wednesday. ValuEngine cut shares of FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub raised shares of FirstCash from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Credit Suisse Group began coverage on shares of FirstCash in a research report on Wednesday, October 4th. They set an “outperform” rating and a $73.00 target price on the stock. Finally, Wedbush boosted their target price on shares of FirstCash from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $65.71.

Shares of FirstCash (NYSE FCFS) traded up $0.45 during mid-day trading on Friday, reaching $69.80. 164,400 shares of the company’s stock were exchanged, compared to its average volume of 179,100. The firm has a market capitalization of $3,272.40, a PE ratio of 29.83 and a beta of 0.79. The company has a current ratio of 6.57, a quick ratio of 4.30 and a debt-to-equity ratio of 0.20. FirstCash has a 1 year low of $39.80 and a 1 year high of $70.25.

Several hedge funds and other institutional investors have recently bought and sold shares of FCFS. Zions Bancorporation acquired a new position in shares of FirstCash during the third quarter worth $230,000. Insight Capital Research & Management Inc. bought a new stake in shares of FirstCash in the third quarter worth $913,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of FirstCash in the third quarter worth $1,736,000. California Public Employees Retirement System increased its stake in shares of FirstCash by 3.9% in 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 buying an additional 6,211 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC bought a new stake in shares of FirstCash in the third quarter worth $54,801,000. 95.69% of the stock is currently owned by institutional investors and hedge funds.

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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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