FirstCash (NASDAQ:FCFS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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

FirstCash Trading Up 1.0 %

NASDAQ FCFS traded up $1.10 on Friday, reaching $115.71. The stock had a trading volume of 626,164 shares, compared to its average volume of 237,936. FirstCash has a 12-month low of $88.05 and a 12-month high of $133.64. The stock has a fifty day moving average price of $122.13 and a two-hundred day moving average price of $114.65. The company has a quick ratio of 2.96, a current ratio of 3.99 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 22.56 and a beta of 0.62.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given 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 payout ratio is 27.29%.

Insider Transactions at FirstCash

In other news, Director Douglas Richard Rippel sold 31,930 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.68, for a total transaction of $3,821,382.40. Following the sale, the director now owns 5,767,238 shares of the company’s stock, valued at $690,223,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, the chief financial officer now owns 94,715 shares in the company, valued at $11,010,618.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 31,930 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.68, for a total transaction of $3,821,382.40. Following the completion of the transaction, the director now owns 5,767,238 shares of the company’s stock, valued at approximately $690,223,043.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 329,984 shares of company stock valued at $38,850,386. 18.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FCFS shares. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and upped their price objective for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Stephens upped their price objective on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a report 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.