FirstCash Inc (FCFS) Forecasted to Post Q1 2018 Earnings of $0.73 Per Share

FirstCash Inc (NYSE:FCFS) – Equities researchers at Wedbush issued their Q1 2018 earnings estimates for FirstCash in a note issued to investors on Monday. Wedbush analyst H. Coffey anticipates that the credit services provider will earn $0.73 per share for the quarter. Wedbush currently has a “Outperform” rating and a $83.00 target price on the stock. Wedbush also issued estimates for FirstCash’s Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $1.09 EPS, Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $1.02 EPS and Q4 2019 earnings at $1.06 EPS.

FCFS has been the topic of several other reports. BidaskClub raised FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research lowered FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group reissued a “buy” rating and set a $73.00 price target on shares of FirstCash in a research report on Thursday, October 12th. Finally, ValuEngine lowered FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. FirstCash has a consensus rating of “Buy” and a consensus price target of $71.83.

FirstCash (NYSE FCFS) opened at $73.30 on Wednesday. The firm has a market capitalization of $3,454.06, a PE ratio of 26.62, a PEG ratio of 1.10 and a beta of 0.80. FirstCash has a 52 week low of $42.70 and a 52 week high of $75.35. The company has a quick ratio of 4.69, a current ratio of 6.99 and a debt-to-equity ratio of 0.20.

FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.10. The business had revenue of $480.21 million for the quarter, compared to analyst estimates of $467.32 million. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from FirstCash’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, February 13th. FirstCash’s payout ratio is 26.58%.

In other news, CFO R Douglas Orr sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $73.43, for a total value of $367,150.00. Following the completion of the sale, the chief financial officer now directly owns 172,000 shares in the company, valued at approximately $12,629,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Brent Stuart purchased 1,080 shares of the stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of $73.64 per share, with a total value of $79,531.20. Following the completion of the acquisition, the insider now directly owns 8,283 shares in the company, valued at approximately $609,960.12. The disclosure for this purchase can be found here. 2.75% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of FCFS. Grandeur Peak Global Advisors LLC bought a new stake in shares of FirstCash in the 3rd quarter valued at approximately $54,801,000. Stephens Investment Management Group LLC grew its stake in FirstCash by 73.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 395,690 shares of the credit services provider’s stock worth $26,689,000 after buying an additional 168,081 shares during the last quarter. APG Asset Management N.V. grew its stake in FirstCash by 320.6% during the 4th quarter. APG Asset Management N.V. now owns 124,500 shares of the credit services provider’s stock worth $6,993,000 after buying an additional 94,900 shares during the last quarter. Boston Advisors LLC grew its stake in FirstCash by 18.2% during the 4th quarter. Boston Advisors LLC now owns 197,035 shares of the credit services provider’s stock worth $13,290,000 after buying an additional 30,308 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in FirstCash during the 3rd quarter worth $1,736,000. Institutional investors and hedge funds own 95.46% 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.

Earnings History and Estimates for FirstCash (NYSE:FCFS)

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