Investors Buy Shares of First Cash Financial Services Inc. (FCFS) on Weakness
Traders purchased shares of First Cash Financial Services Inc. (NASDAQ:FCFS) on weakness during trading hours on Thursday. $54.73 million flowed into the stock on the tick-up and $7.05 million flowed out of the stock on the tick-down, for a money net flow of $47.68 million into the stock. Of all stocks tracked, First Cash Financial Services had the 30th highest net in-flow for the day. First Cash Financial Services traded down ($1.40) for the day and closed at $50.32
FCFS has been the topic of a number of recent research reports. Sterne Agee CRT downgraded First Cash Financial Services from a “buy” rating to a “neutral” rating in a research note on Monday, May 16th. Zacks Investment Research downgraded First Cash Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 19th. Finally, TheStreet upgraded First Cash Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.50.
The firm has a 50-day moving average price of $51.68 and a 200-day moving average price of $47.23. The firm has a market capitalization of $1.42 billion and a P/E ratio of 25.67.
First Cash Financial Services (NASDAQ:FCFS) last posted 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 quarter in the prior year, the business earned $0.51 earnings per share. The business earned $181.98 million during the quarter, compared to analyst estimates of $178.75 million. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that First Cash Financial Services Inc. will post $2.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Monday, August 8th.
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.