Q2 2018 EPS Estimates for FirstCash Inc (FCFS) Boosted by Wedbush

FirstCash Inc (NYSE:FCFS) – Stock analysts at Wedbush raised their Q2 2018 EPS estimates for FirstCash in a research note issued on Monday, Zacks Investment Research reports. Wedbush analyst H. Coffey now forecasts that the credit services provider will earn $0.58 per share for the quarter, up from their prior forecast of $0.57. Wedbush has a “Buy” rating and a $75.00 price objective on the stock. Wedbush also issued estimates for FirstCash’s FY2020 earnings at $4.25 EPS.

FirstCash (NYSE:FCFS) last issued its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $435.40 million for the quarter, compared to analysts’ expectations of $418.57 million. FirstCash had a net margin of 6.41% and a return on equity of 8.45%. The business’s quarterly revenue was up 66.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 earnings per share.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of FirstCash from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub raised shares of FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Credit Suisse Group initiated coverage on shares of FirstCash in a research report on Wednesday, October 4th. They set an “outperform” rating and a $73.00 price objective on the stock. Jefferies Group reissued a “buy” rating and set a $73.00 price objective on shares of FirstCash in a research report on Thursday, October 12th. Finally, ValuEngine cut shares of FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. FirstCash currently has an average rating of “Buy” and an average price target of $67.43.

FirstCash (NYSE:FCFS) traded up $0.20 during mid-day trading on Tuesday, hitting $70.65. 214,700 shares of the stock were exchanged, compared to its average volume of 223,240. The company has a market cap of $3,324.30, a PE ratio of 30.19 and a beta of 0.79. The company has a quick ratio of 4.30, a current ratio of 6.57 and a debt-to-equity ratio of 0.20. FirstCash has a one year low of $39.80 and a one year high of $71.35.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Profit Investment Management LLC increased its stake in FirstCash by 6.9% in the 4th quarter. Profit Investment Management LLC now owns 31,224 shares of the credit services provider’s stock valued at $2,106,000 after buying an additional 2,011 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in FirstCash by 5.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,304 shares of the credit services provider’s stock valued at $1,370,000 after buying an additional 1,000 shares during the last quarter. Insight Capital Research & Management Inc. purchased a new stake in FirstCash in the 3rd quarter valued at about $913,000. California Public Employees Retirement System increased its stake in FirstCash by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock valued at $10,510,000 after buying an additional 6,211 shares during the last quarter. Finally, Zions Bancorporation purchased a new stake in FirstCash in the 3rd quarter valued at about $230,000. Institutional investors own 95.69% of the company’s stock.

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About FirstCash

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

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