FirstCash Inc (NYSE:FCFS) – Investment analysts at Wedbush cut their Q1 2018 earnings per share estimates for FirstCash in a research note issued on Monday, according to Zacks Investment Research. Wedbush analyst H. Coffey now anticipates that the credit services provider will earn $0.71 per share for the quarter, down from their previous estimate of $0.74. Wedbush has a “Buy” rating and a $75.00 price target on the stock. Wedbush also issued estimates for FirstCash’s Q3 2018 earnings at $0.82 EPS and FY2019 earnings at $3.75 EPS.
FirstCash (NYSE:FCFS) last posted its earnings results on Thursday, February 1st. The credit services provider reported $0.94 earnings per share for the quarter, topping the Zacks’ 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 net margin of 8.08% and a return on equity of 8.86%. FirstCash’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS.
FCFS has been the topic of a number of other research reports. Zacks Investment Research lowered shares of FirstCash from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered shares of FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered shares of FirstCash from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $73.00 target price on shares of FirstCash in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $67.86.
FirstCash (NYSE FCFS) traded down $0.30 during trading on Wednesday, reaching $73.95. 400,833 shares of the company were exchanged, compared to its average volume of 219,921. The company has a quick ratio of 4.30, a current ratio of 6.99 and a debt-to-equity ratio of 0.20. The company has a market cap of $3,503.61, a price-to-earnings ratio of 24.57 and a beta of 0.80. FirstCash has a twelve month low of $39.80 and a twelve month high of $75.35.
Several large investors have recently modified their holdings of the company. Aperio Group LLC increased its holdings in shares of FirstCash by 5.4% in the 4th quarter. Aperio Group LLC now owns 16,520 shares of the credit services provider’s stock worth $1,114,000 after buying an additional 846 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of FirstCash by 5.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 20,304 shares of the credit services provider’s stock worth $1,370,000 after buying an additional 1,000 shares during the last quarter. Profit Investment Management LLC increased its holdings in shares of FirstCash by 6.9% in the 4th quarter. Profit Investment Management LLC now owns 31,224 shares of the credit services provider’s stock worth $2,106,000 after buying an additional 2,011 shares during the last quarter. Zions Bancorporation bought a new position in shares of FirstCash in the 3rd quarter worth $230,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of FirstCash by 55.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,234 shares of the credit services provider’s stock worth $893,000 after buying an additional 4,721 shares during the last quarter. 95.44% of the stock is currently owned by hedge funds and other institutional investors.
The business 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 is a positive change from FirstCash’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, February 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.19%. FirstCash’s dividend payout ratio is presently 26.58%.
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FirstCash Company Profile
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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