First Cash Financial Services (FCFS) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

First Cash Financial Services (NYSE:FCFS) announced its earnings results on Wednesday. The credit services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.15, Bloomberg Earnings reports. The company had revenue of $449.80 million for the quarter, compared to analysts’ expectations of $447.09 million. First Cash Financial Services had a return on equity of 8.86% and a net margin of 8.08%. First Cash Financial Services’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share.

Shares of NYSE:FCFS traded up $1.15 during mid-day trading on Thursday, hitting $81.90. 287,698 shares of the company traded hands, compared to its average volume of 281,906. The stock has a market cap of $3,780.25, a price-to-earnings ratio of 29.89, a PEG ratio of 1.23 and a beta of 0.62. The company has a quick ratio of 4.69, a current ratio of 6.99 and a debt-to-equity ratio of 0.20. First Cash Financial Services has a 12-month low of $50.95 and a 12-month high of $85.15.

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

FCFS has been the topic of several analyst reports. Zacks Investment Research raised First Cash Financial Services from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, February 1st. ValuEngine raised First Cash Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $83.00 target price (up previously from $75.00) on shares of First Cash Financial Services in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. First Cash Financial Services currently has a consensus rating of “Buy” and a consensus price target of $71.83.

About First Cash Financial Services

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.

Earnings History for First Cash Financial Services (NYSE:FCFS)

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