FirstCash Inc (NYSE:FCFS) – Equities researchers at Wedbush boosted their Q2 2018 earnings estimates for shares of FirstCash in a note issued to investors on Monday, according to Zacks Investment Research. Wedbush analyst H. Coffey now expects that the credit services provider will post earnings per share of $0.58 for the quarter, up from their previous forecast of $0.57. Wedbush has a “Buy” rating and a $75.00 price target on the stock. Wedbush also issued estimates for FirstCash’s FY2020 earnings at $4.25 EPS.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut FirstCash from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded FirstCash from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $73.00 target price on shares of FirstCash in a research report on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.43.
FirstCash (FCFS) opened at $73.10 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.30 and a current ratio of 6.57. FirstCash has a 52 week low of $39.80 and a 52 week high of $74.10. The firm has a market capitalization of $3,411.60, a price-to-earnings ratio of 31.24 and a beta of 0.79.
Institutional investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of FirstCash during the 3rd quarter valued at $1,736,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of FirstCash during the 3rd quarter valued at $54,801,000. Profit Investment Management LLC increased its position in shares of FirstCash by 6.9% during 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 purchasing an additional 2,011 shares during the last quarter. Insight Capital Research & Management Inc. purchased a new stake in shares of FirstCash during the 3rd quarter valued at $913,000. Finally, Earnest Partners LLC increased its position in shares of FirstCash by 1.6% during the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock valued at $93,090,000 after purchasing an additional 22,690 shares during the last quarter. 95.44% of the stock is owned by hedge funds and other institutional investors.
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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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