FirstCash Inc (FCFS) Expected to Announce Earnings of $0.87 Per Share

Equities analysts predict that FirstCash Inc (NYSE:FCFS) will report $0.87 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for FirstCash’s earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.90. FirstCash reported earnings per share of $0.90 during the same quarter last year, which suggests a negative year-over-year growth rate of 3.3%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, April 24th.

On average, analysts expect that FirstCash will report full-year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.84 to $3.95. For the next year, analysts forecast that the firm will report earnings of $4.48 per share, with EPS estimates ranging from $4.40 to $4.53. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover FirstCash.

FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. The business had revenue of $481.21 million during the quarter, compared to the consensus estimate of $489.76 million.

Separately, Zacks Investment Research lowered FirstCash from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. FirstCash presently has an average rating of “Hold” and an average target price of $93.17.

NYSE:FCFS traded down $0.87 on Tuesday, hitting $88.89. The company’s stock had a trading volume of 225,500 shares, compared to its average volume of 209,967. FirstCash has a one year low of $66.28 and a one year high of $95.40.

In other news, CFO R Douglas Orr sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $90.00, for a total value of $450,000.00. Following the transaction, the chief financial officer now owns 150,000 shares of the company’s stock, valued at $13,500,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel R. Feehan sold 11,093 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $88.84, for a total value of $985,502.12. Following the completion of the transaction, the director now directly owns 56,008 shares in the company, valued at approximately $4,975,750.72. The disclosure for this sale can be found here. Insiders sold 22,500 shares of company stock worth $2,004,554 in the last ninety days. 2.83% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in FirstCash by 1.1% during the third quarter. Vanguard Group Inc. now owns 4,466,507 shares of the credit services provider’s stock worth $366,254,000 after buying an additional 49,593 shares in the last quarter. Vanguard Group Inc grew its position in FirstCash by 1.1% during the third quarter. Vanguard Group Inc now owns 4,466,507 shares of the credit services provider’s stock worth $366,254,000 after buying an additional 49,593 shares in the last quarter. FMR LLC grew its position in FirstCash by 145.6% during the fourth quarter. FMR LLC now owns 1,749,457 shares of the credit services provider’s stock worth $126,572,000 after buying an additional 1,037,258 shares in the last quarter. APG Asset Management N.V. grew its position in FirstCash by 2.2% during the fourth quarter. APG Asset Management N.V. now owns 839,300 shares of the credit services provider’s stock worth $53,119,000 after buying an additional 18,200 shares in the last quarter. Finally, Bank of America Corp DE grew its position in FirstCash by 5.8% during the fourth quarter. Bank of America Corp DE now owns 757,055 shares of the credit services provider’s stock worth $54,772,000 after buying an additional 41,815 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

About FirstCash

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.

Read More: Earnings Per Share (EPS)

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