Equities research analysts expect that FirstCash Inc (NYSE:FCFS) will post $475.04 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for FirstCash’s earnings. The lowest sales estimate is $463.04 million and the highest is $487.78 million. FirstCash reported sales of $462.04 million in the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 1st.
According to Zacks, analysts expect that FirstCash 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 expect that the business will report sales of $1.84 billion per share, with estimates ranging from $1.78 billion to $1.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow FirstCash.
FirstCash (NYSE:FCFS) last posted 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. FirstCash had a return on equity of 8.45% and a net margin of 6.41%. The business had revenue of $435.40 million for the quarter, compared to analysts’ expectations of $418.57 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’s revenue was up 66.7% compared to the same quarter last year.
Several equities analysts recently issued reports on the company. ValuEngine cut FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub raised FirstCash from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Credit Suisse Group assumed coverage on FirstCash in a report on Wednesday, October 4th. They issued an “outperform” rating and a $73.00 price objective on the stock. Finally, Wedbush lifted their price objective on FirstCash from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. FirstCash currently has an average rating of “Buy” and an average target price of $65.14.
FirstCash (NYSE:FCFS) traded up $0.30 on Friday, hitting $67.60. The stock had a trading volume of 123,023 shares, compared to its average volume of 240,074. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.57 and a quick ratio of 4.30. FirstCash has a twelve month low of $39.80 and a twelve month high of $68.60. The firm has a market capitalization of $3,180.38, a PE ratio of 28.89 and a beta of 0.79.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 13th were given a dividend of $0.20 per share. This is an increase from FirstCash’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, November 10th. FirstCash’s payout ratio is currently 34.19%.
Institutional investors have recently modified their holdings of the stock. Zions Bancorporation acquired a new position in FirstCash in the 3rd quarter valued at $230,000. Insight Capital Research & Management Inc. acquired a new stake in shares of FirstCash during the 3rd quarter worth $913,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of FirstCash during the 3rd quarter worth $1,736,000. California Public Employees Retirement System increased its holdings in shares of FirstCash by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock worth $10,510,000 after buying an additional 6,211 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in shares of FirstCash during the 3rd quarter worth $54,801,000. Hedge funds and other institutional investors own 95.69% 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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