FirstCash Holdings, Inc. (NASDAQ:FCFS) Announces Quarterly Dividend of $0.42

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Friday, May 15th will be given a dividend of 0.42 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, May 15th.

FirstCash has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. FirstCash has a dividend payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstCash to earn $11.80 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 14.2%.

FirstCash Price Performance

NASDAQ FCFS opened at $212.33 on Friday. FirstCash has a twelve month low of $119.21 and a twelve month high of $227.26. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55. The stock has a market capitalization of $9.31 billion, a PE ratio of 28.62 and a beta of 0.47. The stock has a 50-day simple moving average of $193.73 and a 200 day simple moving average of $173.04.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.39. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The firm’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.07 EPS. Research analysts anticipate that FirstCash will post 10.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on FCFS. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Canaccord Genuity Group increased their price target on FirstCash from $217.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Weiss Ratings upgraded FirstCash from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, April 10th. Finally, Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, FirstCash has an average rating of “Buy” and an average target price of $183.25.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.