FirstCash Holdings, Inc. to Issue Quarterly Dividend of $0.35 (NASDAQ:FCFS)

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.35 per share on Friday, May 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, May 14th.

FirstCash has raised its dividend payment by an average of 8.0% annually over the last three years and has increased its dividend every year for the last 3 years. FirstCash has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FirstCash to earn $8.16 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 17.2%.

FirstCash Stock Down 13.2 %

FCFS opened at $114.61 on Friday. The stock has a market cap of $5.17 billion, a PE ratio of 23.88 and a beta of 0.62. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.80. FirstCash has a 52 week low of $88.05 and a 52 week high of $133.64. The business’s fifty day simple moving average is $122.18 and its 200 day simple moving average is $114.56.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The firm had revenue of $836.40 million for the quarter, compared to analysts’ expectations of $846.08 million. During the same period last year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts expect that FirstCash will post 6.93 earnings per share for the current fiscal year.

Insider Transactions at FirstCash

In other news, Director Douglas Richard Rippel sold 17,395 shares of the stock in a transaction dated Friday, March 15th. The shares were 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 directly owns 5,466,973 shares in the company, valued at $649,093,704.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO R Douglas Orr sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The shares were 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 directly 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 accessible through the SEC website. Also, Director Douglas Richard Rippel sold 17,395 shares of the 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 sale, the director now owns 5,466,973 shares of the company’s stock, valued at $649,093,704.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 329,984 shares of company stock worth $38,850,386. Company insiders own 18.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. TD Cowen raised 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 research note on Wednesday, April 10th. Stephens raised their price objective on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd.

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.