FirstCash Inc (FCFS) Rating Reiterated by JMP Securities
FirstCash Inc (NASDAQ:FCFS)‘s stock had its “buy” rating reiterated by analysts at JMP Securities in a note issued to investors on Friday.
FCFS has been the topic of a number of other reports. TheStreet upgraded FirstCash from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. JPMorgan Chase & Co. lowered their price objective on FirstCash from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, September 8th. Janney Montgomery Scott upgraded FirstCash from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $52.00 to $59.00 in a research note on Monday, October 3rd. Wedbush assumed coverage on FirstCash in a research note on Monday, October 10th. They issued an “outperform” rating and a $58.00 price objective on the stock. Finally, Jefferies Group restated a “buy” rating and issued a $60.00 price objective on shares of FirstCash in a research note on Friday, September 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. FirstCash has an average rating of “Buy” and an average price target of $53.63.
Shares of FirstCash (NASDAQ:FCFS) opened at 49.00 on Friday. The firm’s 50-day moving average is $47.19 and its 200-day moving average is $48.38. The firm has a market capitalization of $2.38 billion, a P/E ratio of 34.10 and a beta of 0.90. FirstCash has a 52 week low of $29.64 and a 52 week high of $53.95.
FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 27th. The company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. The business had revenue of $261.15 million for the quarter, compared to the consensus estimate of $280.38 million. The company’s revenue for the quarter was up 54.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities analysts anticipate that FirstCash will post $2.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Wednesday, November 9th. This is a positive change from FirstCash’s previous quarterly dividend of $0.13. FirstCash’s payout ratio is presently 25.38%.
A number of hedge funds and other institutional investors have recently bought and sold shares of FCFS. Aperio Group LLC bought a new position in FirstCash during the first quarter worth $294,000. TIAA CREF Investment Management LLC raised its position in shares of FirstCash by 55.0% in the first quarter. TIAA CREF Investment Management LLC now owns 144,290 shares of the company’s stock valued at $6,646,000 after buying an additional 51,177 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of FirstCash by 22.6% in the first quarter. Teachers Advisors Inc. now owns 49,993 shares of the company’s stock valued at $2,303,000 after buying an additional 9,201 shares during the last quarter. BlackRock Group LTD raised its position in shares of FirstCash by 7.1% in the first quarter. BlackRock Group LTD now owns 37,689 shares of the company’s stock valued at $1,736,000 after buying an additional 2,506 shares during the last quarter. Finally, State Street Corp raised its position in shares of FirstCash by 2.7% in the first quarter. State Street Corp now owns 542,897 shares of the company’s stock valued at $25,005,000 after buying an additional 14,019 shares during the last quarter.
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Mexico. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. Its pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers.
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