FirstCash Holdings, Inc. (NASDAQ:FCFS) Declares $0.35 Quarterly Dividend

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.35 per share on Friday, May 31st. This represents a $1.40 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, May 14th.

FirstCash has increased its dividend payment by an average of 8.0% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. FirstCash has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FirstCash to earn $8.16 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 17.2%.

FirstCash Stock Up 1.0 %

FCFS traded up $1.10 during trading on Friday, hitting $115.71. The stock had a trading volume of 620,862 shares, compared to its average volume of 219,497. The company has a market capitalization of $5.22 billion, a PE ratio of 23.79 and a beta of 0.62. FirstCash has a twelve month low of $88.05 and a twelve month high of $133.64. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89. The stock has a 50 day simple moving average of $122.18 and a two-hundred day simple moving average of $114.56.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.05. The company had revenue of $836.40 million during the quarter, compared to the consensus estimate of $846.08 million. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. FirstCash's revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. On average, research analysts predict that FirstCash will post 6.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FCFS. Stephens raised their target price on shares of FirstCash from $131.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, February 2nd. TD Cowen raised shares of FirstCash from a "hold" rating to a "buy" rating and raised their price target for the stock from $130.00 to $145.00 in a report on Wednesday, April 10th.

Insider Buying and Selling

In related news, Director Douglas Richard Rippel sold 5,916 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $115.09, for a total transaction of $680,872.44. Following the completion of the transaction, the director now owns 5,607,468 shares of the company's stock, valued at $645,363,492.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO R Douglas Orr sold 3,000 shares of FirstCash stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the sale, the chief financial officer now owns 94,715 shares in the company, valued at $11,010,618.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas Richard Rippel sold 5,916 shares of FirstCash stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $115.09, for a total transaction of $680,872.44. Following the completion of the sale, the director now owns 5,607,468 shares in the company, valued at approximately $645,363,492.12. The disclosure for this sale can be found here. Insiders sold a total of 329,984 shares of company stock valued at $38,850,386 over the last 90 days. Insiders own 18.08% of the company's stock.

FirstCash Company Profile

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.