FirstCash (NASDAQ:FCFS) Releases Earnings Results, Beats Estimates By $0.10 EPS

FirstCash (NASDAQ:FCFS) announced its earnings results on Thursday. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10, Zacks reports. FirstCash had a return on equity of 14.97% and a net margin of 7.29%.

FirstCash Stock Performance

FirstCash stock traded up $2.34 on Thursday, hitting $114.28. The company’s stock had a trading volume of 62,190 shares, compared to its average volume of 212,850. The company has a fifty day moving average price of $107.07 and a 200-day moving average price of $110.77. The firm has a market cap of $5.11 billion, a P/E ratio of 21.21 and a beta of 0.66. FirstCash has a one year low of $100.24 and a one year high of $133.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87.

Analyst Ratings Changes

A number of research firms have recently issued reports on FCFS. TD Cowen reduced their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Stephens started coverage on shares of FirstCash in a research note on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price for the company.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at $9,375,401.20. The trade was a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 14.77% of the company’s stock.

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.