First Cash Financial Services Inc. (FCFS) Stock Price Down 4.1%
First Cash Financial Services Inc. (NASDAQ:FCFS) was down 4.1% during mid-day trading on Wednesday . The company traded as low as $51.24 and last traded at $51.26, with a volume of 62,096 shares traded. The stock had previously closed at $53.44.
A number of equities research analysts have recently issued reports on FCFS shares. Sterne Agee CRT lowered First Cash Financial Services from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Thursday, April 28th. Zacks Investment Research lowered First Cash Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 19th. Finally, TheStreet raised First Cash Financial Services from a “hold” rating to a “buy” rating in a research report 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 company currently has a consensus rating of “Hold” and an average target price of $46.50.
The stock has a market cap of $1.45 billion and a PE ratio of 26.13. The company’s 50-day moving average price is $51.52 and its 200 day moving average price is $46.75.
First Cash Financial Services (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. During the same quarter in the previous year, the business posted $0.51 earnings per share. The firm earned $181.98 million during the quarter, compared to the consensus estimate of $178.75 million. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts forecast that First Cash Financial Services Inc. will post $2.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.50 dividend on an annualized basis and a yield of 0.97%.
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 (SEC). The institutional investor owned 495,704 shares of the company’s stock after buying an additional 183,360 shares during the period. Wells Fargo & Company MN owned 1.77% of First Cash Financial Services worth $18,554,000 as of its most recent filing with the SEC.
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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