FirstCash (NASDAQ:FCFS) Issues Earnings Results

FirstCash (NASDAQ:FCFS) announced its earnings results on Thursday. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05, Briefing.com reports. The business had revenue of $836.40 million during the quarter, compared to analyst estimates of $846.08 million. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS.

FirstCash Trading Up 1.1 %

Shares of NASDAQ FCFS traded up $1.24 during midday trading on Friday, hitting $115.85. The company’s stock had a trading volume of 256,884 shares, compared to its average volume of 214,640. 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 $5.23 billion, a P/E ratio of 23.79 and a beta of 0.62. The business’s 50 day moving average is $122.18 and its two-hundred day moving average is $114.56. FirstCash has a 12-month low of $88.05 and a 12-month high of $133.64.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.21%. FirstCash’s dividend payout ratio (DPR) is presently 29.17%.

Analyst Ratings Changes

Several brokerages have recently commented on FCFS. Stephens raised their price objective on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $145.00 in a research report on Wednesday, April 10th.

Insider Transactions at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 5,916 shares of FirstCash stock in a transaction on Friday, March 1st. The stock was sold at an average price of $115.09, for a total transaction of $680,872.44. Following the completion of the sale, the director now directly owns 5,607,468 shares of the company’s stock, valued at approximately $645,363,492.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Douglas Richard Rippel sold 5,916 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $115.09, for a total transaction of $680,872.44. Following the sale, the director now directly owns 5,607,468 shares of the company’s stock, valued at $645,363,492.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 329,984 shares of company stock valued at $38,850,386. 18.08% of the stock is currently 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.