Analysts Expect FirstCash Inc (FCFS) to Post $0.78 EPS

Equities research analysts expect FirstCash Inc (NYSE:FCFS) to post $0.78 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for FirstCash’s earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.85. FirstCash reported earnings per share of $0.61 during the same quarter last year, which would suggest a positive year over year growth rate of 27.9%. The business is scheduled to announce its next earnings report on Thursday, October 25th.

According to Zacks, analysts expect that FirstCash will report full year earnings of $3.50 per share for the current year, with EPS estimates ranging from $3.45 to $3.55. For the next year, analysts anticipate that the company will report earnings of $4.20 per share, with EPS estimates ranging from $3.92 to $4.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow FirstCash.

FirstCash (NYSE:FCFS) last announced its quarterly earnings data on Thursday, July 26th. The credit services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $419.97 million for the quarter, compared to analysts’ expectations of $424.01 million. FirstCash had a net margin of 9.40% and a return on equity of 10.32%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share.

FCFS has been the topic of a number of recent analyst reports. JMP Securities lifted their price objective on shares of FirstCash from $85.00 to $95.00 and gave the company a “market outperform” rating in a research note on Friday, April 27th. Zacks Investment Research raised shares of FirstCash from a “sell” rating to a “hold” rating and set a $97.00 price objective on the stock in a research note on Monday, April 30th. Credit Suisse Group cut shares of FirstCash from an “outperform” rating to a “neutral” rating in a research note on Friday, June 1st. ValuEngine raised shares of FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of FirstCash to $103.00 and gave the company a “buy” rating in a research note on Tuesday, May 8th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.80.

NYSE:FCFS traded up $0.75 during mid-day trading on Thursday, reaching $80.15. The stock had a trading volume of 241,600 shares, compared to its average volume of 300,370. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 1.15 and a beta of 0.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.48 and a quick ratio of 4.36. FirstCash has a 12 month low of $57.75 and a 12 month high of $95.40.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, August 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. FirstCash’s dividend payout ratio (DPR) is 32.12%.

FirstCash announced that its board has authorized a share repurchase program on Thursday, April 26th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to buy up to 2.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of FirstCash during the first quarter worth $229,000. New York State Common Retirement Fund grew its stake in shares of FirstCash by 19.0% during the first quarter. New York State Common Retirement Fund now owns 450,226 shares of the credit services provider’s stock worth $36,581,000 after buying an additional 71,889 shares during the last quarter. Sawgrass Asset Management LLC grew its stake in shares of FirstCash by 203.2% during the second quarter. Sawgrass Asset Management LLC now owns 20,092 shares of the credit services provider’s stock worth $1,805,000 after buying an additional 13,466 shares during the last quarter. Millennium Management LLC grew its stake in shares of FirstCash by 848.0% during the fourth quarter. Millennium Management LLC now owns 52,643 shares of the credit services provider’s stock worth $3,551,000 after buying an additional 47,090 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of FirstCash by 0.8% during the first quarter. Prudential Financial Inc. now owns 79,018 shares of the credit services provider’s stock worth $6,420,000 after buying an additional 660 shares during the last quarter. 94.68% of the stock is currently owned by hedge funds and other institutional investors.

FirstCash Company Profile

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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Earnings History and Estimates for FirstCash (NYSE:FCFS)

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