FirstCash (FCFS) Getting Somewhat Favorable Media Coverage, Study Finds
News stories about FirstCash (NASDAQ:FCFS) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FirstCash earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the credit services provider an impact score of 46.1526043713135 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Comparing Synchrony Financial (SYF) & FirstCash (FCFS) (americanbankingnews.com)
- $0.60 Earnings Per Share Expected for FirstCash Inc (FCFS) This Quarter (americanbankingnews.com)
- FirstCash Inc (FCFS) Cut to Hold at BidaskClub (americanbankingnews.com)
- 29.8% Return Seen to Date on SmarTrend Firstcash Inc Call (FCFS) (mysmartrend.com)
- FirstCash Inc (FCFS) Raised to “Buy” at Zacks Investment Research (americanbankingnews.com)
A number of brokerages recently weighed in on FCFS. Jefferies Group LLC set a $69.00 price target on shares of FirstCash and gave the company a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Wednesday, August 16th. BidaskClub cut shares of FirstCash from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. JMP Securities boosted their price target on shares of FirstCash and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, Janney Montgomery Scott cut shares of FirstCash from a “buy” rating to a “neutral” rating and reduced their price target for the company from $58.55 to $58.00 in a research report on Monday, July 17th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.29.
Shares of FirstCash (NASDAQ FCFS) opened at 58.50 on Wednesday. The company has a 50-day moving average of $58.62 and a 200-day moving average of $52.32. FirstCash has a 12 month low of $39.80 and a 12 month high of $60.75. The stock has a market capitalization of $2.79 billion, a PE ratio of 31.67 and a beta of 0.90.
FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The firm had revenue of $416.60 million for the quarter, compared to analyst estimates of $410.65 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. The business’s revenue for the quarter was up 128.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, equities research analysts expect that FirstCash will post $2.66 EPS for the current fiscal year.
FirstCash announced that its Board of Directors has approved a stock buyback plan on Monday, May 15th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, August 11th. FirstCash’s dividend payout ratio (DPR) is presently 25.38%.
In other news, CFO R Douglas Orr sold 7,500 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $55.00, for a total value of $412,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.
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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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