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.
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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.
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