FirstCash Holdings, Inc. (FCFS) to Issue Quarterly Dividend of $0.42 on February 27th

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Wednesday, February 18th will be paid a dividend of 0.42 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 18th.

FirstCash has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 8 years. FirstCash has a payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FirstCash to earn $8.99 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 18.7%.

FirstCash Stock Up 2.4%

FCFS stock opened at $181.92 on Friday. The company’s 50 day moving average is $164.93 and its 200 day moving average is $154.06. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 24.52 and a beta of 0.49. The company has a current ratio of 4.55, a quick ratio of 3.72 and a debt-to-equity ratio of 0.97. FirstCash has a 1-year low of $109.51 and a 1-year high of $188.75.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.10. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.01 billion. FirstCash had a net margin of 9.02% and a return on equity of 17.99%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.12 EPS. Sell-side analysts predict that FirstCash will post 7.7 EPS for the current fiscal year.

FirstCash declared that its Board of Directors has initiated a stock repurchase program on Thursday, October 30th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.