FirstCash Inc (NASDAQ:FCFS) – Equities research analysts at Wedbush dropped their Q3 2017 earnings per share estimates for shares of FirstCash in a research note issued on Thursday. Wedbush analyst H. Coffey now anticipates that the credit services provider will earn $0.61 per share for the quarter, down from their previous forecast of $0.66. Wedbush currently has a “Outperform” rating and a $66.00 price target on the stock. Wedbush also issued estimates for FirstCash’s Q4 2017 earnings at $0.85 EPS.

A number of other research firms have also recently weighed in on FCFS. BidaskClub cut FirstCash from a “buy” rating to a “hold” rating in a research note on Friday. JMP Securities increased their price objective on FirstCash and gave the stock an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Finally, Jefferies Group LLC set a $69.00 price objective on FirstCash and gave the stock a “buy” rating in a research report on Friday, August 18th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $64.00.

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Shares of FirstCash (NASDAQ:FCFS) opened at 61.70 on Friday. FirstCash has a 52 week low of $39.80 and a 52 week high of $63.60. The stock has a 50 day moving average of $60.17 and a 200 day moving average of $55.68. The firm has a market cap of $2.94 billion, a P/E ratio of 33.41 and a beta of 0.90.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The business had revenue of $416.60 million for the quarter, compared to the consensus estimate of $410.65 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. FirstCash’s quarterly revenue was up 128.9% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share.

A number of hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC bought a new position in FirstCash during the 2nd quarter worth $609,000. Sterling Capital Management LLC increased its position in FirstCash by 56.4% during the 2nd quarter. Sterling Capital Management LLC now owns 28,057 shares of the credit services provider’s stock worth $1,636,000 after buying an additional 10,115 shares during the period. Ameritas Investment Partners Inc. increased its position in FirstCash by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the credit services provider’s stock worth $242,000 after buying an additional 50 shares during the period. Earnest Partners LLC increased its position in FirstCash by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 1,451,425 shares of the credit services provider’s stock worth $84,618,000 after buying an additional 21,038 shares during the period. Finally, State Street Corp increased its position in FirstCash by 2.9% during the 2nd quarter. State Street Corp now owns 1,148,454 shares of the credit services provider’s stock worth $66,961,000 after buying an additional 32,239 shares during the period.

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.

Earnings History and Estimates for FirstCash (NASDAQ:FCFS)

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