FirstCash (NASDAQ:FCFS) Releases Earnings Results, Beats Expectations By $0.05 EPS

FirstCash (NASDAQ:FCFS) released its earnings results on Thursday. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05, Briefing.com reports. The business had revenue of $836.40 million during the quarter, compared to analysts’ expectations of $846.08 million. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 earnings per share.

FirstCash Stock Performance

FCFS opened at $115.71 on Friday. The firm has a market capitalization of $5.22 billion, a PE ratio of 22.56 and a beta of 0.62. FirstCash has a twelve month low of $88.05 and a twelve month high of $133.64. The firm’s 50-day moving average price is $122.13 and its 200 day moving average price is $114.75. The company has a current ratio of 3.99, a quick ratio of 2.96 and a debt-to-equity ratio of 0.75.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.21%. FirstCash’s payout ratio is presently 27.29%.

Insider Buying and Selling

In other FirstCash news, Director Douglas Richard Rippel sold 17,395 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $118.73, for a total value of $2,065,308.35. Following the transaction, the director now directly owns 5,466,973 shares in the company, valued at approximately $649,093,704.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the transaction, the chief financial officer now directly owns 94,715 shares in the company, valued at approximately $11,010,618.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Richard Rippel sold 17,395 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the completion of the transaction, the director now owns 5,466,973 shares in the company, valued at $649,093,704.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 329,984 shares of company stock worth $38,850,386. 18.08% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on FCFS shares. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $145.00 in a research note on Wednesday, April 10th. Stephens boosted their price target on shares of FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.