FirstCash (NASDAQ:FCFS) Posts Earnings Results, Beats Estimates By $0.10 EPS

FirstCash (NASDAQ:FCFS) announced its quarterly earnings data on Tuesday. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.10, MarketWatch Earnings reports. The company had revenue of $389.58 million during the quarter, compared to the consensus estimate of $380.94 million. FirstCash had a return on equity of 9.48% and a net margin of 6.83%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS.

FCFS stock traded down $1.97 during midday trading on Thursday, hitting $77.07. The company’s stock had a trading volume of 8,962 shares, compared to its average volume of 212,225. FirstCash has a 12 month low of $51.15 and a 12 month high of $84.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.63 and a quick ratio of 1.76. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 29.86 and a beta of 0.82. The business has a 50 day moving average price of $79.14.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 27th. Shareholders of record on Friday, August 13th will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 12th. This represents a $1.20 annualized dividend and a yield of 1.56%. FirstCash’s payout ratio is 39.87%.

A number of research analysts recently issued reports on FCFS shares. Janney Montgomery Scott downgraded FirstCash from a “buy” rating to a “neutral” rating in a research note on Monday, May 24th. Wedbush boosted their price objective on FirstCash from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 22nd. Credit Suisse Group downgraded FirstCash from an “outperform” rating to an “underperform” rating and boosted their price objective for the company from $74.00 to $83.00 in a research note on Tuesday, June 22nd. Finally, Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Tuesday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.00.

FirstCash Company Profile

FirstCash, Inc, together with its subsidiaries, operates retail pawn stores in the United States and Latin America. 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.

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Earnings History for FirstCash (NASDAQ:FCFS)

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