First Cash Financial Services Inc. (FCFS) Trading Up 5.1%
First Cash Financial Services Inc. (NASDAQ:FCFS) shares were up 5.1% during mid-day trading on Friday . The company traded as high as $53.29 and last traded at $52.90, with a volume of 146,914 shares traded. The stock had previously closed at $50.32.
A number of research analysts have issued reports on FCFS shares. 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. Sterne Agee CRT raised First Cash Financial Services from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Friday, June 3rd. TheStreet raised First Cash Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Finally, Jefferies Group started coverage on First Cash Financial Services in a research note on Friday. They issued a “buy” rating and a $60.00 price objective on the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.00.
The company has a market cap of $1.49 billion and a P/E ratio of 26.95. The stock has a 50 day moving average price of $51.69 and a 200 day moving average price of $47.29.
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, topping the Zacks’ consensus estimate of $0.47 by $0.04. The company earned $181.98 million during the quarter, compared to analyst estimates of $178.75 million. During the same period in the previous year, the company 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 anticipate that First Cash Financial Services Inc. will post $2.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were given a dividend of $0.125 per share. The ex-dividend date 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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