First Cash Financial Services Inc. (FCFS) Shares Down 4.1%
Shares of First Cash Financial Services Inc. (NASDAQ:FCFS) were down 4.1% during trading on Wednesday . The stock traded as low as $51.24 and last traded at $51.26, with a volume of 62,096 shares trading hands. The stock had previously closed at $53.44.
Several analysts recently commented on FCFS shares. Sterne Agee CRT cut shares of First Cash Financial Services from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Thursday, April 28th. Zacks Investment Research cut shares of First Cash Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 19th. Finally, TheStreet upgraded shares of First Cash Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.50.
The company has a 50 day moving average price of $51.48 and a 200 day moving average price of $46.72. The stock has a market capitalization of $1.46 billion and a price-to-earnings ratio of 26.41.
First Cash Financial Services (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. During the same period in the previous year, the company posted $0.51 earnings per share. The business earned $181.98 million during the quarter, compared to analyst estimates of $178.75 million. First Cash Financial Services’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that First Cash Financial Services Inc. will post $2.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, August 8th.
A hedge fund recently raised its stake in First Cash Financial Services stock. Wells Fargo & Company MN increased its stake in First Cash Financial Services Inc. (NASDAQ:FCFS) by 58.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 495,704 shares of the company’s stock after buying an additional 183,360 shares during the period. Wells Fargo & Company MN owned about 1.77% of First Cash Financial Services worth $18,554,000 at the end of the most recent quarter.
First Cash Financial Services, Inc is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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