Equities analysts forecast that FirstCash Inc (NYSE:FCFS) will report earnings per share of $0.75 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for FirstCash’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.73. FirstCash reported earnings per share of $0.68 during the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that FirstCash will report full year earnings of $3.33 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.40. For the next year, analysts expect that the firm will report earnings of $3.86 per share, with EPS estimates ranging from $3.80 to $3.93. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow FirstCash.
FirstCash (NYSE:FCFS) last posted its quarterly 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. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The firm had revenue of $480.21 million during the quarter, compared to analyst estimates of $467.32 million. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis.
In other news, insider Thomas Brent Stuart purchased 1,080 shares of the stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the completion of the transaction, the insider now directly owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $73.43, for a total value of $367,150.00. Following the sale, the chief financial officer now owns 172,000 shares in the company, valued at approximately $12,629,960. The disclosure for this sale can be found here. 2.75% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC purchased a new stake in FirstCash during the fourth quarter valued at about $114,000. Zions Bancorporation purchased a new stake in FirstCash during the third quarter valued at about $230,000. USA Financial Portformulas Corp purchased a new stake in FirstCash during the fourth quarter valued at about $302,000. Jefferies Group LLC purchased a new stake in FirstCash during the fourth quarter valued at about $318,000. Finally, Sawgrass Asset Management LLC purchased a new stake in FirstCash during the fourth quarter valued at about $349,000. Institutional investors and hedge funds own 96.24% of the company’s stock.
FirstCash (NYSE FCFS) opened at $80.60 on Wednesday. FirstCash has a twelve month low of $43.35 and a twelve month high of $81.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.99 and a quick ratio of 4.69. The company has a market capitalization of $3,740.68, a price-to-earnings ratio of 26.78, a PEG ratio of 1.21 and a beta of 0.76.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a dividend of $0.22 per share. This is a positive change from FirstCash’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, February 13th. This represents a $0.88 annualized dividend and a yield of 1.09%. FirstCash’s dividend payout ratio (DPR) is currently 29.24%.
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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