FirstCash (NASDAQ:FCFS) Issues Quarterly Earnings Results

FirstCash (NASDAQ:FCFS) issued its quarterly earnings data on Thursday. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05, Briefing.com reports. The firm had revenue of $836.40 million during the quarter, compared to the consensus estimate of $846.08 million. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share.

FirstCash Stock Up 1.0 %

FCFS traded up $1.10 during midday trading on Friday, reaching $115.71. The company’s stock had a trading volume of 626,164 shares, compared to its average volume of 237,936. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 22.56 and a beta of 0.62. The company has a current ratio of 3.99, a quick ratio of 2.96 and a debt-to-equity ratio of 0.75. FirstCash has a 1 year low of $88.05 and a 1 year high of $133.64. The stock’s 50-day moving average is $122.13 and its 200-day moving average is $114.65.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Tuesday, May 14th. FirstCash’s dividend payout ratio (DPR) is presently 27.29%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the sale, the chief financial officer now owns 94,715 shares in the company, valued at $11,010,618.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Douglas Richard Rippel sold 25,968 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $116.10, for a total transaction of $3,014,884.80. Following the sale, the director now owns 5,946,649 shares in the company, valued at $690,405,948.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the transaction, the chief financial officer now owns 94,715 shares in the company, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,984 shares of company stock worth $38,850,386. 18.08% of the stock is currently owned by company insiders.

FirstCash Company Profile

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.