FirstCash (NASDAQ:FCFS) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

FirstCash (NASDAQ:FCFS) released its earnings results on Tuesday. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10, MarketWatch Earnings reports. FirstCash had a return on equity of 9.48% and a net margin of 6.83%. The business had revenue of $389.58 million during the quarter, compared to the consensus estimate of $380.94 million. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year.

FirstCash stock traded down $1.70 during trading hours on Thursday, reaching $77.34. The stock had a trading volume of 2,739 shares, compared to its average volume of 212,225. The company has a market capitalization of $3.17 billion, a P/E ratio of 30.28 and a beta of 0.82. The company has a current ratio of 2.63, a quick ratio of 1.76 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $79.14. FirstCash has a 52 week low of $51.15 and a 52 week high of $84.83.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 27th. Investors of record on Friday, August 13th will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. FirstCash’s payout ratio is currently 39.87%.

FCFS has been the subject of several research analyst reports. Credit Suisse Group downgraded FirstCash from an “outperform” rating to an “underperform” rating and lifted their target price for the stock from $74.00 to $83.00 in a research report on Tuesday, June 22nd. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Tuesday, July 13th. Wedbush lifted their price objective on FirstCash from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 22nd. Finally, Janney Montgomery Scott downgraded FirstCash from a “buy” rating to a “neutral” rating in a report on Monday, May 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $80.00.

About FirstCash

FirstCash, Inc, together with its subsidiaries, operates retail pawn stores in the United States and Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.

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Earnings History for FirstCash (NASDAQ:FCFS)

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