FirstCash (NASDAQ:FCFS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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

FirstCash Stock Up 1.9 %

Shares of FirstCash stock traded up $2.14 during trading hours on Friday, reaching $116.75. The company’s stock had a trading volume of 292,892 shares, compared to its average volume of 215,225. FirstCash has a one year low of $88.05 and a one year high of $133.64. The company has a market capitalization of $5.27 billion, a P/E ratio of 23.79 and a beta of 0.62. The stock’s fifty day simple moving average is $122.18 and its two-hundred day simple moving average is $114.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89.

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, May 14th. FirstCash’s dividend payout ratio is presently 29.17%.

Insider Activity

In related news, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the sale, the chief financial officer now owns 94,715 shares in the company, valued at $11,010,618.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other FirstCash news, Director Douglas Richard Rippel sold 19,020 shares of FirstCash stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $117.34, for a total transaction of $2,231,806.80. Following the completion of the sale, the director now directly owns 5,997,680 shares in the company, valued at $703,767,771.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of FirstCash 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 sale, the chief financial officer now owns 94,715 shares of the company’s stock, valued at $11,010,618.75. The disclosure for this sale can be found here. Insiders sold a total of 329,984 shares of company stock worth $38,850,386 over the last quarter. Insiders own 18.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FCFS shares. Stephens upped their price objective on shares of FirstCash from $131.00 to $141.00 and gave the stock 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 price objective for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th.

About FirstCash

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.