Investors Buy Shares of First Cash Financial Services Inc. (FCFS) on Weakness
Investors purchased shares of First Cash Financial Services Inc. (NASDAQ:FCFS) on weakness during trading 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 companies 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
A number of brokerages recently commented on FCFS. Sterne Agee CRT raised First Cash Financial Services from a “neutral” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Friday, June 3rd. Jefferies Group began coverage on First Cash Financial Services in a research note on Friday. They issued a “buy” rating and a $60.00 price target for the company. TheStreet raised First Cash Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Finally, Zacks Investment Research raised First Cash Financial Services from a “strong sell” rating to a “hold” rating in a research note on Monday, July 18th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. First Cash Financial Services presently has an average rating of “Hold” and an average target price of $48.00.
The stock has a market capitalization of $1.49 billion and a price-to-earnings 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 released its quarterly earnings data 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 firm earned $181.98 million during the quarter, compared to the consensus estimate of $178.75 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts forecast 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. Stockholders of record on Wednesday, August 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.95%. 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.
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