Traders 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 Friday. $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 7th 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 subject of a number of research analyst reports. Jefferies Group initiated coverage on First Cash Financial Services in a report 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 report on Thursday, July 28th. 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 report on Friday, June 3rd. Finally, Zacks Investment Research downgraded First Cash Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 19th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $48.00.
The stock’s 50-day moving average price is $51.69 and its 200-day moving average price is $47.29. The company has a market capitalization of $1.49 billion and a price-to-earnings ratio of 26.95.
First Cash Financial Services (NASDAQ:FCFS) last issued its earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm earned $181.98 million during the quarter, compared to analysts’ expectations of $178.75 million. During the same quarter last year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts forecast that First Cash Financial Services Inc. will post $2.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, August 8th. This represents a $0.50 annualized dividend and a dividend 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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