Zacks: Brokerages Expect FirstCash Inc (FCFS) to Post $1.07 Earnings Per Share

Equities analysts expect FirstCash Inc (NYSE:FCFS) to announce earnings of $1.07 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for FirstCash’s earnings, with the lowest EPS estimate coming in at $1.04 and the highest estimate coming in at $1.10. FirstCash posted earnings of $0.94 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The business is expected to issue its next quarterly earnings results on Thursday, February 7th.

According to Zacks, analysts expect that FirstCash will report full-year earnings of $3.50 per share for the current year, with EPS estimates ranging from $3.48 to $3.51. For the next fiscal year, analysts forecast that the firm will post earnings of $4.07 per share, with EPS estimates ranging from $3.95 to $4.23. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for FirstCash.

FirstCash (NYSE:FCFS) last released its quarterly earnings results on Thursday, October 25th. The credit services provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.01. FirstCash had a return on equity of 10.32% and a net margin of 9.40%. The business had revenue of $429.88 million for the quarter, compared to the consensus estimate of $440.46 million.



A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded FirstCash from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Barclays assumed coverage on FirstCash in a research report on Wednesday, September 26th. They set an “overweight” rating and a $95.00 price target on the stock. ValuEngine downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Wedbush upgraded FirstCash from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Friday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. FirstCash presently has a consensus rating of “Buy” and an average price target of $93.17.

Several large investors have recently made changes to their positions in the company. Adams Diversified Equity Fund Inc. bought a new position in shares of FirstCash during the third quarter valued at about $779,000. Oppenheimer Asset Management Inc. grew its stake in shares of FirstCash by 1.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 40,224 shares of the credit services provider’s stock valued at $3,298,000 after buying an additional 721 shares during the last quarter. First Trust Advisors LP grew its stake in shares of FirstCash by 8.5% during the third quarter. First Trust Advisors LP now owns 63,459 shares of the credit services provider’s stock valued at $5,204,000 after buying an additional 4,972 shares during the last quarter. Alpha Windward LLC grew its stake in shares of FirstCash by 21.5% during the third quarter. Alpha Windward LLC now owns 7,115 shares of the credit services provider’s stock valued at $583,000 after buying an additional 1,260 shares during the last quarter. Finally, Sumitomo Life Insurance Co. bought a new position in shares of FirstCash during the third quarter valued at about $580,000. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

NYSE FCFS traded up $1.63 during trading hours on Tuesday, reaching $79.67. 3,617 shares of the stock traded hands, compared to its average volume of 282,606. FirstCash has a 1 year low of $62.65 and a 1 year high of $95.40. The company has a quick ratio of 4.36, a current ratio of 6.48 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 1.17 and a beta of 0.50.

FirstCash declared that its Board of Directors has initiated a share buyback plan on Thursday, July 26th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to repurchase up to 2.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.25 per share. This is a boost from FirstCash’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, November 14th. FirstCash’s dividend payout ratio (DPR) is 32.12%.

About FirstCash

FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.

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Earnings History and Estimates for FirstCash (NYSE:FCFS)

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