Analysts predict that FirstCash Inc (NYSE:FCFS) will post $446.13 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for FirstCash’s earnings. The highest sales estimate is $457.60 million and the lowest is $435.16 million. FirstCash posted sales of $447.58 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.3%. The company is scheduled to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that FirstCash will report full-year sales of $446.13 million for the current year, with estimates ranging from $1.80 billion to $1.84 billion. For the next financial year, analysts expect that the company will post sales of $1.92 billion per share, with estimates ranging from $1.90 billion to $1.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover FirstCash.
FirstCash (NYSE:FCFS) last posted its earnings results on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.10. The business had revenue of $480.21 million during the quarter, compared to analyst estimates of $467.32 million. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS.
Shares of FirstCash (FCFS) opened at $73.55 on Friday. The company has a market capitalization of $3,340.82, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.06 and a beta of 0.80. FirstCash has a fifty-two week low of $42.70 and a fifty-two week high of $75.35. The company has a quick ratio of 4.69, a current ratio of 6.99 and a debt-to-equity ratio of 0.20.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.20%. This is a positive change from FirstCash’s previous quarterly dividend of $0.20. FirstCash’s payout ratio is presently 26.58%.
In other news, insider Thomas Brent Stuart acquired 1,080 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average price of $73.64 per share, with a total value of $79,531.20. Following the completion of the acquisition, the insider now directly owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO R Douglas Orr sold 5,000 shares of FirstCash stock in a transaction on Monday, February 5th. The stock was sold at an average price of $73.43, for a total value of $367,150.00. Following the completion of the sale, the chief financial officer now directly owns 172,000 shares of the company’s stock, valued at approximately $12,629,960. The disclosure for this sale can be found here. Insiders own 2.75% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of FCFS. LS Investment Advisors LLC bought a new stake in shares of FirstCash in the fourth quarter worth $114,000. Zions Bancorporation bought a new stake in shares of FirstCash in the third quarter worth $230,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of FirstCash in the fourth quarter worth $354,000. Meeder Asset Management Inc. lifted its position in FirstCash by 2,404.3% during the fourth quarter. Meeder Asset Management Inc. now owns 5,785 shares of the credit services provider’s stock valued at $389,000 after purchasing an additional 5,554 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in FirstCash during the fourth quarter valued at $540,000. 95.46% of the stock is owned by institutional investors.
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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