FirstCash (NASDAQ:FCFS) Releases Earnings Results, Beats Estimates By $0.10 EPS

FirstCash (NASDAQ:FCFS) released its quarterly earnings results on Tuesday. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $380.94 million. During the same period in the prior year, the business posted $0.62 EPS. The company’s revenue was down 5.6% compared to the same quarter last year.

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

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

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