Zacks: Analysts Anticipate FirstCash Inc (FCFS) Will Post Earnings of $0.75 Per Share
Equities analysts expect FirstCash Inc (NYSE:FCFS) to announce $0.75 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for FirstCash’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.76. FirstCash posted earnings per share of $0.68 in the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The business is scheduled to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that FirstCash will report full-year earnings of $3.33 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.40. For the next year, analysts anticipate that the company will report earnings of $3.86 per share, with EPS estimates ranging from $3.80 to $3.93. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for FirstCash.
FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.10. FirstCash had a net margin of 8.08% and a return on equity of 8.86%. The company had revenue of $480.21 million during the quarter, compared to analysts’ expectations of $467.32 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis.
Shares of FirstCash (NYSE:FCFS) opened at $80.60 on Wednesday. The company has a market cap of $3,740.68, a PE ratio of 26.78, a PEG ratio of 1.21 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.69 and a current ratio of 6.99. FirstCash has a one year low of $43.35 and a one year high of $81.10.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This is a positive change from FirstCash’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.09%. FirstCash’s payout ratio is presently 29.24%.
In other FirstCash news, insider Thomas Brent Stuart purchased 1,080 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $73.64 per share, for a total transaction of $79,531.20. Following the completion of the transaction, the insider now owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO R Douglas Orr sold 1,185 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $75.00, for a total transaction of $88,875.00. Following the transaction, the chief financial officer now owns 168,815 shares in the company, valued at $12,661,125. The disclosure for this sale can be found here. Insiders own 2.75% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. boosted its position in FirstCash by 22.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 11,477 shares of the credit services provider’s stock worth $774,000 after acquiring an additional 2,089 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in FirstCash in the 3rd quarter valued at about $1,736,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in FirstCash by 55.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,234 shares of the credit services provider’s stock valued at $893,000 after purchasing an additional 4,721 shares during the last quarter. Profit Investment Management LLC boosted its holdings in FirstCash by 6.9% in the 4th quarter. Profit Investment Management LLC now owns 31,224 shares of the credit services provider’s stock valued at $2,106,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in FirstCash by 1.6% in the 4th quarter. Swiss National Bank now owns 81,412 shares of the credit services provider’s stock valued at $5,491,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 96.24% of the company’s stock.
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FirstCash Company Profile
FirstCash, Inc, formerly 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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