Investors Buy First Cash Financial Services Inc. (FCFS) on Weakness
Traders bought 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
Several research firms recently weighed in on FCFS. Zacks Investment Research upgraded First Cash Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th. TheStreet upgraded First Cash Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Jefferies Group reiterated a “buy” rating and set a $60.00 target price on shares of First Cash Financial Services in a research report on Friday. Finally, Sterne Agee CRT downgraded First Cash Financial Services from a “buy” rating to a “neutral” rating in a research report on Monday, May 16th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $48.00.
The stock’s 50 day moving average price is $51.69 and its 200-day moving average price is $47.29.
First Cash Financial Services (NASDAQ:FCFS) last issued its earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The business earned $181.98 million during the quarter, compared to analyst estimates of $178.75 million. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. On average, analysts predict that First Cash Financial Services Inc. will post $2.37 EPS for the current year.
The company also recently disclosed 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.