First Cash Financial Services Inc. (FCFS) Trading Up 5.1%
First Cash Financial Services Inc. (NASDAQ:FCFS) was up 5.1% during trading on Friday . The stock traded as high as $53.29 and last traded at $52.90, with a volume of 146,914 shares. The stock had previously closed at $50.32.
Several brokerages have recently weighed in on FCFS. Sterne Agee CRT cut First Cash Financial Services from a “buy” rating to a “neutral” rating in a report on Monday, May 16th. Zacks Investment Research cut First Cash Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 19th. TheStreet upgraded First Cash Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Finally, Jefferies Group began coverage on First Cash Financial Services in a report on Friday. They set a “buy” rating and a $60.00 target price on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.00.
The stock has a market cap of $1.49 billion and a P/E ratio of 26.95. The stock’s 50 day moving average price is $51.68 and its 200 day moving average price is $47.23.
First Cash Financial Services (NASDAQ:FCFS) last issued its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. The company earned $181.98 million during the quarter, compared to analysts’ expectations of $178.75 million. During the same period last year, the business posted $0.51 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that First Cash Financial Services Inc. will post $2.37 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were issued 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 0.95%.
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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