FirstCash Holdings, Inc. Announces Quarterly Dividend of $0.35 (NASDAQ:FCFS)

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.35 per share on Friday, May 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, May 14th.

FirstCash has raised its dividend payment by an average of 8.0% per year over the last three years and has increased its dividend every year for the last 3 years. FirstCash has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstCash to earn $8.07 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 17.3%.

FirstCash Stock Up 1.0 %

Shares of NASDAQ FCFS opened at $115.71 on Friday. The stock has a market cap of $5.22 billion, a P/E ratio of 22.56 and a beta of 0.62. The company has a current ratio of 3.99, a quick ratio of 2.96 and a debt-to-equity ratio of 0.75. FirstCash has a 12-month low of $88.05 and a 12-month high of $133.64. The business’s fifty day simple moving average is $122.13 and its 200-day simple moving average is $114.65.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. The business had revenue of $836.40 million for the quarter, compared to analysts’ expectations of $846.08 million. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. As a group, equities analysts predict that FirstCash will post 6.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. TD Cowen raised FirstCash from a “hold” rating to a “buy” rating and increased their target price for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Stephens increased their target price on FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 2nd.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 21,852 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total value of $2,620,054.80. Following the transaction, the director now owns 5,502,761 shares of the company’s stock, valued at $659,781,043.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other FirstCash news, Director Douglas Richard Rippel sold 21,852 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total transaction of $2,620,054.80. Following the transaction, the director now owns 5,502,761 shares of the company’s stock, valued at $659,781,043.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $116.25, for a total value of $348,750.00. Following the transaction, the chief financial officer now directly owns 94,715 shares in the company, valued at approximately $11,010,618.75. The disclosure for this sale can be found here. Insiders have sold 329,984 shares of company stock valued at $38,850,386 over the last quarter. 18.08% of the stock is owned by insiders.

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.