FirstCash (NASDAQ:FCFS) announced its quarterly earnings results on Tuesday. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10, MarketWatch Earnings reports. The firm had revenue of $389.58 million for the quarter, compared to analysts’ expectations of $380.94 million. FirstCash had a net margin of 6.83% and a return on equity of 9.48%. FirstCash’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share.
FCFS opened at $79.04 on Thursday. The firm has a market capitalization of $3.24 billion, a PE ratio of 30.52 and a beta of 0.82. The company has a fifty day moving average of $79.14. The company has a quick ratio of 1.76, a current ratio of 2.63 and a debt-to-equity ratio of 0.38. FirstCash has a 12-month low of $51.15 and a 12-month high of $84.83.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Tuesday, July 13th. Wedbush boosted their target price on shares of FirstCash from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 22nd. Credit Suisse Group cut shares of FirstCash from an “outperform” rating to an “underperform” rating and boosted their target price for the stock from $74.00 to $83.00 in a research report on Tuesday, June 22nd. Finally, Janney Montgomery Scott cut shares of FirstCash from a “buy” rating to a “neutral” rating in a research report on Monday, May 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. FirstCash has an average rating of “Hold” and a consensus target price of $80.00.
FirstCash, Inc, together with its subsidiaries, operates retail pawn stores in the United States and Latin America. 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.
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