FirstCash Inc (NYSE:FCFS) – Stock analysts at Jefferies Financial Group raised their Q2 2019 earnings estimates for shares of FirstCash in a report issued on Friday, June 14th. Jefferies Financial Group analyst J. Hecht now anticipates that the credit services provider will post earnings of $0.82 per share for the quarter, up from their previous forecast of $0.73. Jefferies Financial Group currently has a “Buy” rating and a $115.00 target price on the stock. Jefferies Financial Group also issued estimates for FirstCash’s Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $1.25 EPS, Q1 2020 earnings at $1.12 EPS, Q2 2020 earnings at $0.95 EPS and Q3 2020 earnings at $1.01 EPS.
Several other analysts also recently issued reports on FCFS. Zacks Investment Research downgraded FirstCash from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Barclays reiterated a “buy” rating and issued a $110.00 price target on shares of FirstCash in a report on Thursday, June 6th. Finally, JMP Securities increased their price target on FirstCash from $95.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. FirstCash has an average rating of “Buy” and an average target price of $106.00.
Shares of NYSE FCFS opened at $98.96 on Monday. FirstCash has a 12-month low of $66.28 and a 12-month high of $100.50.
FirstCash (NYSE:FCFS) last announced its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $467.60 million during the quarter, compared to analyst estimates of $453.90 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the business. HL Financial Services LLC boosted its position in FirstCash by 2.8% in the 4th quarter. HL Financial Services LLC now owns 4,598 shares of the credit services provider’s stock valued at $333,000 after buying an additional 127 shares during the last quarter. OppenheimerFunds Inc. boosted its position in FirstCash by 1.2% in the 1st quarter. OppenheimerFunds Inc. now owns 11,636 shares of the credit services provider’s stock valued at $1,007,000 after buying an additional 137 shares during the last quarter. Bank of Montreal Can boosted its position in FirstCash by 1.8% in the 1st quarter. Bank of Montreal Can now owns 9,516 shares of the credit services provider’s stock valued at $823,000 after buying an additional 170 shares during the last quarter. Ramsey Quantitative Systems boosted its position in FirstCash by 5.7% in the 4th quarter. Ramsey Quantitative Systems now owns 3,583 shares of the credit services provider’s stock valued at $259,000 after buying an additional 192 shares during the last quarter. Finally, Connable Office Inc. boosted its position in FirstCash by 3.4% in the 1st quarter. Connable Office Inc. now owns 6,031 shares of the credit services provider’s stock valued at $522,000 after buying an additional 201 shares during the last quarter. 95.30% of the stock is owned by institutional investors.
In related news, CFO R Douglas Orr sold 7,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $96.94, for a total value of $727,050.00. Following the completion of the sale, the chief financial officer now directly owns 142,500 shares in the company, valued at approximately $13,813,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.83% of the stock is currently owned by corporate insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.00 annualized dividend and a yield of 1.01%.
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.
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