Wall Street analysts predict that First Cash, Inc. (NYSE:FCFS) will announce sales of $475.04 million for the current quarter, according to Zacks. Three analysts have made estimates for First Cash’s earnings, with the highest sales estimate coming in at $487.78 million and the lowest estimate coming in at $463.04 million. First Cash posted sales of $462.04 million in the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The company is expected to issue its next earnings results on Thursday, February 1st.
On average, analysts expect that First Cash will report full-year sales of $475.04 million for the current financial year, with estimates ranging from $1.76 billion to $1.79 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.84 billion per share, with estimates ranging from $1.78 billion to $1.90 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for First Cash.
First Cash (NYSE:FCFS) last announced its earnings results on Thursday, October 26th. The credit services provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. First Cash had a return on equity of 8.45% and a net margin of 6.41%. The firm had revenue of $435.40 million during the quarter, compared to analysts’ expectations of $418.57 million. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s quarterly revenue was up 66.7% on a year-over-year basis.
FCFS has been the subject of a number of research analyst reports. Zacks Investment Research lowered First Cash from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Jefferies Group set a $69.00 price target on First Cash and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, BidaskClub lowered First Cash from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. First Cash has an average rating of “Buy” and an average target price of $65.14.
Shares of First Cash (NYSE FCFS) traded down $0.80 during mid-day trading on Monday, hitting $66.60. The company had a trading volume of 167,000 shares, compared to its average volume of 236,294. First Cash has a 52-week low of $39.80 and a 52-week high of $67.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.57 and a quick ratio of 4.30. The company has a market cap of $3,142.63, a price-to-earnings ratio of 25.81 and a beta of 0.79.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 13th were given a dividend of $0.20 per share. The ex-dividend date was Friday, November 10th. This is a positive change from First Cash’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.20%. First Cash’s payout ratio is 34.19%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Zions Bancorporation bought a new stake in First Cash during the 3rd quarter valued at $230,000. Insight Capital Research & Management Inc. bought a new stake in First Cash during the 3rd quarter valued at $913,000. Cornerstone Capital Management Holdings LLC. bought a new stake in First Cash during the 3rd quarter valued at $1,736,000. California Public Employees Retirement System raised its position in First Cash by 3.9% during 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 purchasing an additional 6,211 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC bought a new stake in First Cash during the 3rd quarter valued at $54,801,000. 95.71% of the stock is owned by institutional investors and hedge funds.
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About First Cash
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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