FirstCash (NASDAQ:FCFS) Announces Earnings Results

FirstCash (NASDAQ:FCFS) released its quarterly earnings data on Thursday. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05, Briefing.com reports. The firm had revenue of $836.40 million during the quarter, compared to analyst estimates of $846.08 million. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share.

FirstCash Stock Performance

FirstCash stock opened at $115.71 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.99 and a quick ratio of 2.96. FirstCash has a 1-year low of $88.05 and a 1-year high of $133.64. The firm has a market capitalization of $5.22 billion, a P/E ratio of 22.56 and a beta of 0.62. The company’s 50-day moving average is $122.13 and its 200 day moving average is $114.75.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, May 14th. FirstCash’s payout ratio is 27.29%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 31,930 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $119.68, for a total value of $3,821,382.40. Following the sale, the director now directly owns 5,767,238 shares of the company’s stock, valued at approximately $690,223,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 SEC, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 31,930 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $119.68, for a total transaction of $3,821,382.40. Following the transaction, the director now directly owns 5,767,238 shares in the company, valued at $690,223,043.84. The disclosure for this sale can be found here. Insiders have sold 329,984 shares of company stock valued at $38,850,386 in the last ninety days. 18.08% of the stock is owned by company insiders.

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.