FirstCash (FCFS) Scheduled to Post Quarterly Earnings on Thursday

FirstCash (NASDAQ:FCFS) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect FirstCash to post earnings of $1.50 per share for the quarter.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, February 1st. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The firm had revenue of $852.13 million for the quarter, compared to analyst estimates of $859.23 million. During the same quarter last year, the firm posted $1.65 earnings per share. FirstCash’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts expect FirstCash to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

FirstCash Trading Up 1.3 %

FCFS traded up $1.69 during trading on Friday, hitting $130.41. 215,888 shares of the company’s stock were exchanged, compared to its average volume of 171,752. The stock has a 50 day moving average price of $121.52 and a 200 day moving average price of $113.81. FirstCash has a 1 year low of $88.05 and a 1 year high of $133.46. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.88 billion, a P/E ratio of 27.17 and a beta of 0.62.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.40 annualized dividend and a yield of 1.07%. FirstCash’s dividend payout ratio is currently 29.17%.

Insider Transactions at FirstCash

In related news, Director Douglas Richard Rippel sold 17,395 shares of FirstCash stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $118.73, for a total value of $2,065,308.35. Following the completion of the transaction, the director now directly owns 5,466,973 shares in the company, valued at $649,093,704.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the sale, the chief financial officer now directly owns 94,715 shares of the company’s stock, valued at $11,010,618.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Richard Rippel sold 17,395 shares of FirstCash stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the completion of the transaction, the director now directly owns 5,466,973 shares of the company’s stock, valued at $649,093,704.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 329,984 shares of company stock valued at $38,850,386. Insiders own 18.08% of the company’s stock.

Hedge Funds Weigh In On FirstCash

A number of large investors have recently bought and sold shares of the business. Raymond James & Associates lifted its holdings in shares of FirstCash by 19.1% in the 1st quarter. Raymond James & Associates now owns 12,864 shares of the company’s stock worth $905,000 after purchasing an additional 2,061 shares during the last quarter. US Bancorp DE increased its holdings in shares of FirstCash by 249.4% in the 1st quarter. US Bancorp DE now owns 4,304 shares of the company’s stock worth $303,000 after acquiring an additional 3,072 shares during the period. PNC Financial Services Group Inc. lifted its position in FirstCash by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the company’s stock valued at $188,000 after purchasing an additional 254 shares during the last quarter. AlphaCrest Capital Management LLC boosted its stake in FirstCash by 51.3% during the 1st quarter. AlphaCrest Capital Management LLC now owns 5,279 shares of the company’s stock valued at $371,000 after purchasing an additional 1,790 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in FirstCash by 10.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,747 shares of the company’s stock worth $1,037,000 after purchasing an additional 1,342 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FCFS shares. Stephens increased their target price on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $145.00 in a research note on Wednesday, April 10th.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. 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.