FirstCash Inc (FCFS) to Post FY2017 Earnings of $2.65 Per Share, Wedbush Forecasts

FirstCash Inc (NASDAQ:FCFS) – Stock analysts at Wedbush cut their FY2017 earnings estimates for FirstCash in a research note issued to investors on Thursday. Wedbush analyst H. Coffey now forecasts that the credit services provider will post earnings of $2.65 per share for the year, down from their prior forecast of $2.68. Wedbush currently has a “Outperform” rating and a $66.00 target price on the stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Tuesday, July 11th. CL King downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. BidaskClub downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC set a $69.00 price objective on shares of FirstCash and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, Stephens raised their price objective on shares of FirstCash from $51.00 to $62.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.00.

TRADEMARK VIOLATION WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/11/firstcash-inc-fcfs-to-post-fy2017-earnings-of-2-65-per-share-wedbush-forecasts.html.

Shares of FirstCash (FCFS) opened at 61.50 on Monday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 33.30 and a beta of 0.90. FirstCash has a 1-year low of $39.80 and a 1-year high of $63.60. The company’s 50-day moving average is $60.28 and its 200 day moving average is $56.08.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $416.60 million for the quarter, compared to analyst estimates of $410.65 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. FirstCash’s quarterly revenue was up 128.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share.

Hedge funds have recently made changes to their positions in the stock. AlphaOne Investment Services LLC bought a new position in FirstCash during the 2nd quarter valued at about $207,000. Riverhead Capital Management LLC lifted its holdings in FirstCash by 74.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,663 shares of the credit services provider’s stock valued at $214,000 after purchasing an additional 1,563 shares during the last quarter. Miles Capital Inc. bought a new position in FirstCash during the 2nd quarter valued at about $221,000. Strs Ohio lifted its holdings in FirstCash by 100.0% during the 2nd quarter. Strs Ohio now owns 3,800 shares of the credit services provider’s stock valued at $221,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in FirstCash during the 2nd quarter valued at about $227,000.

FirstCash Company Profile

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

Earnings History and Estimates for FirstCash (NASDAQ:FCFS)

Receive News & Ratings for FirstCash Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply