Media coverage about FirstCash (NYSE:FCFS) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FirstCash earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the credit services provider an impact score of 45.5408307945858 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
FirstCash stock opened at $92.75 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.62 and a quick ratio of 3.76. FirstCash has a 52-week low of $55.35 and a 52-week high of $95.40. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.30 and a beta of 0.64.
FirstCash (NYSE:FCFS) last released its quarterly earnings results on Thursday, April 26th. The credit services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.15. FirstCash had a net margin of 8.58% and a return on equity of 9.56%. The firm had revenue of $449.80 million during the quarter, compared to analyst estimates of $447.09 million. During the same quarter last year, the business earned $0.68 EPS. The company’s revenue was up .5% compared to the same quarter last year. analysts forecast that FirstCash will post 3.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Tuesday, May 15th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, May 14th. This represents a $0.88 annualized dividend and a yield of 0.95%. FirstCash’s payout ratio is 32.12%.
FirstCash declared that its board has initiated a stock repurchase program on Thursday, April 26th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the credit services provider to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
Several equities research analysts recently commented on FCFS shares. JMP Securities lifted their target price on shares of FirstCash from $85.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday, April 27th. Credit Suisse Group downgraded shares of FirstCash from an “outperform” rating to a “neutral” rating in a research report on Friday, June 1st. Zacks Investment Research upgraded shares of FirstCash from a “sell” rating to a “hold” rating and set a $97.00 target price on the stock in a research report on Monday, April 30th. ValuEngine upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Jefferies Financial Group lifted their target price on shares of FirstCash to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $86.00.
In other news, Director Mikel D. Faulkner purchased 1,700 shares of the stock in a transaction on Tuesday, May 1st. The stock was purchased at an average price of $85.89 per share, for a total transaction of $146,013.00. Following the acquisition, the director now owns 5,005 shares in the company, valued at $429,879.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.83% of the stock is currently owned by company insiders.
FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
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