FirstCash (FCFS) Set to Announce Quarterly Earnings on Thursday

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

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $859.23 million. During the same period in the prior year, the company earned $1.65 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, analysts expect FirstCash to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

FirstCash Stock Performance

Shares of FirstCash stock opened at $132.50 on Wednesday. The company’s 50 day moving average price is $122.05 and its two-hundred day moving average price is $114.43. The firm has a market capitalization of $5.98 billion, a P/E ratio of 27.60 and a beta of 0.62. FirstCash has a fifty-two week low of $88.05 and a fifty-two week high of $133.46. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash’s dividend payout ratio (DPR) is 29.17%.

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction on 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 owns 94,715 shares in the company, valued at $11,010,618.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was 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 $11,010,618.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Richard Rippel sold 17,395 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the completion of the sale, the director now owns 5,466,973 shares in the company, valued at approximately $649,093,704.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 329,984 shares of company stock worth $38,850,386. Insiders own 18.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FCFS. Stephens increased their target price on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $145.00 in a report on Wednesday, April 10th.

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.