FirstCash (NASDAQ:FCFS) Announces Earnings Results, Beats Estimates By $0.05 EPS

FirstCash (NASDAQ:FCFS) posted its quarterly earnings results on Thursday. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05, Briefing.com reports. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The business had revenue of $836.40 million during the quarter, compared to analysts’ expectations of $846.08 million. During the same quarter last year, the company posted $1.25 earnings per share. FirstCash’s quarterly revenue was up 9.7% on a year-over-year basis.

FirstCash Stock Performance

FCFS stock traded up $2.14 during midday trading on Friday, reaching $116.75. 292,892 shares of the company’s stock traded hands, compared to its average volume of 215,225. The company has a 50-day moving average price of $122.18 and a two-hundred day moving average price of $114.56. The firm has a market capitalization of $5.27 billion, a PE ratio of 23.79 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89. FirstCash has a 52 week low of $88.05 and a 52 week high of $133.64.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.20%. FirstCash’s dividend payout ratio (DPR) is presently 29.17%.

Insider Activity

In other FirstCash news, Director Douglas Richard Rippel sold 17,395 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the completion of the sale, the director now directly owns 5,466,973 shares in the company, valued at $649,093,704.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Douglas Richard Rippel sold 17,395 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $118.73, for a total transaction of $2,065,308.35. Following the completion of the transaction, the director now owns 5,466,973 shares in the company, valued at $649,093,704.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. Insiders sold 329,984 shares of company stock worth $38,850,386 in the last three months. Corporate insiders own 18.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FCFS. Stephens lifted their price target on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and raised their target price for the company from $130.00 to $145.00 in a report on Wednesday, April 10th.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.