FirstCash (FCFS) Scheduled to Post Earnings on Thursday

FirstCash (NASDAQ:FCFS) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.50 per share for the quarter.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, February 1st. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The business had revenue of $852.13 million for the quarter, compared to the consensus estimate of $859.23 million. During the same period last year, the firm earned $1.65 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts expect FirstCash to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

FirstCash Trading Up 1.5 %

Shares of FCFS stock opened at $132.50 on Wednesday. FirstCash has a 1 year low of $88.05 and a 1 year high of $133.46. The firm has a fifty day moving average price of $122.05 and a 200-day moving average price of $114.43. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 27.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.89 and a quick ratio of 2.96.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s dividend payout ratio is presently 29.17%.

Analyst Upgrades and Downgrades

FCFS has been the subject of a number of recent analyst reports. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and upped their price target for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th. Stephens raised their price target on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 2nd.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 19,020 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $117.34, for a total transaction of $2,231,806.80. Following the transaction, the director now directly owns 5,997,680 shares in the company, valued at approximately $703,767,771.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Douglas Richard Rippel sold 19,020 shares of FirstCash stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $117.34, for a total value of $2,231,806.80. Following the sale, the director now directly owns 5,997,680 shares of the company’s stock, valued at $703,767,771.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the sale, the chief financial officer now owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. Insiders sold a total of 329,984 shares of company stock worth $38,850,386 over the last three months. 18.08% of the stock is owned by insiders.

About FirstCash

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.