First Cash Financial Services, Inc. (FCFS) Expected to Announce Quarterly Sales of $446.13 Million

Equities research analysts expect First Cash Financial Services, Inc. (NYSE:FCFS) to announce $446.13 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for First Cash Financial Services’ earnings. The lowest sales estimate is $435.16 million and the highest is $457.60 million. First Cash Financial Services posted sales of $447.58 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.3%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, April 26th.

On average, analysts expect that First Cash Financial Services will report full year sales of $446.13 million for the current fiscal year, with estimates ranging from $1.80 billion to $1.84 billion. For the next financial year, analysts forecast that the business will post sales of $1.92 billion per share, with estimates ranging from $1.90 billion to $1.95 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover First Cash Financial Services.

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First Cash Financial Services (NYSE:FCFS) last issued its earnings results on Thursday, February 1st. The credit services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. The company had revenue of $480.21 million for the quarter, compared to analysts’ expectations of $467.32 million. First Cash Financial Services had a net margin of 8.08% and a return on equity of 8.86%. First Cash Financial Services’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of First Cash Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th. Wedbush reaffirmed an “outperform” rating and issued a $83.00 target price (up from $75.00) on shares of First Cash Financial Services in a report on Monday, February 5th. Finally, ValuEngine upgraded shares of First Cash Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $71.83.

In related news, Director Daniel R. Feehan sold 17,505 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $80.60, for a total value of $1,410,903.00. Following the transaction, the director now owns 67,101 shares in the company, valued at approximately $5,408,340.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 5,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $73.43, for a total transaction of $367,150.00. Following the transaction, the chief financial officer now owns 172,000 shares in the company, valued at approximately $12,629,960. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,690 shares of company stock worth $1,866,928. 2.75% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Aperio Group LLC grew its position in shares of First Cash Financial Services by 5.4% during the 4th quarter. Aperio Group LLC now owns 16,520 shares of the credit services provider’s stock worth $1,114,000 after purchasing an additional 846 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of First Cash Financial Services by 5.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,304 shares of the credit services provider’s stock worth $1,370,000 after purchasing an additional 1,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of First Cash Financial Services by 11.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,312 shares of the credit services provider’s stock worth $763,000 after purchasing an additional 1,119 shares in the last quarter. Swiss National Bank grew its position in shares of First Cash Financial Services by 1.6% during the 4th quarter. Swiss National Bank now owns 81,412 shares of the credit services provider’s stock worth $5,491,000 after purchasing an additional 1,300 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of First Cash Financial Services by 4.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 32,305 shares of the credit services provider’s stock worth $2,179,000 after purchasing an additional 1,401 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Shares of FCFS stock traded down $0.05 on Monday, reaching $81.35. The stock had a trading volume of 333,648 shares, compared to its average volume of 269,287. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.69 and a current ratio of 6.99. The stock has a market cap of $3,789.56, a price-to-earnings ratio of 29.69, a PEG ratio of 1.23 and a beta of 0.62. First Cash Financial Services has a 12 month low of $47.60 and a 12 month high of $83.90.

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First Cash Financial Services 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 First Cash Financial Services (NYSE:FCFS)

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