Equities analysts expect FirstCash Inc (NYSE:FCFS) to report earnings of $0.84 per share for the current quarter, according to Zacks. Three analysts have provided estimates for FirstCash’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.83. FirstCash reported earnings per share of $0.77 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, February 1st.
According to Zacks, analysts expect that FirstCash will report full year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.63 to $2.66. For the next fiscal year, analysts anticipate that the company will report earnings of $3.26 per share, with EPS estimates ranging from $3.21 to $3.33. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow FirstCash.
FirstCash (NYSE:FCFS) last announced its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. FirstCash had a net margin of 6.41% and a return on equity of 8.45%. The company had revenue of $435.40 million for the quarter, compared to analysts’ expectations of $418.57 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. FirstCash’s quarterly revenue was up 66.7% on a year-over-year basis.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Friday, January 12th. Wedbush set a $75.00 price objective on shares of FirstCash and gave the stock a “buy” rating in a report on Monday, January 8th. They noted that the move was a valuation call. ValuEngine cut shares of FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, Jefferies Group restated a “buy” rating and issued a $73.00 price objective on shares of FirstCash in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. FirstCash currently has a consensus rating of “Buy” and a consensus target price of $67.43.
Shares of FirstCash (NYSE:FCFS) traded up $0.85 during midday trading on Monday, hitting $71.25. 137,600 shares of the company traded hands, compared to its average volume of 207,685. FirstCash has a one year low of $39.80 and a one year high of $71.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.57 and a quick ratio of 4.30. The stock has a market capitalization of $3,360.00 and a PE ratio of 30.58.
Several large investors have recently bought and sold shares of FCFS. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of FirstCash during the third quarter valued at approximately $1,736,000. Grandeur Peak Global Advisors LLC bought a new position in FirstCash during the third quarter valued at approximately $54,801,000. Earnest Partners LLC lifted its position in FirstCash by 1.6% during the third quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock valued at $93,090,000 after purchasing an additional 22,690 shares during the period. Zions Bancorporation bought a new position in FirstCash during the third quarter valued at approximately $230,000. Finally, California Public Employees Retirement System lifted its position in FirstCash by 3.9% during the third quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock valued at $10,510,000 after purchasing an additional 6,211 shares during the period. Hedge funds and other institutional investors own 95.61% of the company’s stock.
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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