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) 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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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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