FirstCash (NASDAQ:FCFS) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

FirstCash (NASDAQ:FCFS - Get Free Report) announced its earnings results on Thursday. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.50 by $0.05, Briefing.com reports. The business had revenue of $836.40 million during the quarter, compared to analysts' expectations of $846.08 million. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share.

FirstCash Stock Performance

FCFS traded up $1.10 during trading on Friday, hitting $115.71. 620,862 shares of the company traded hands, compared to its average volume of 219,497. The firm has a market cap of $5.22 billion, a P/E ratio of 23.79 and a beta of 0.62. The stock's fifty day moving average is $122.18 and its 200 day moving average is $114.56. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.80. FirstCash has a one year low of $88.05 and a one year high of $133.64.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.40 annualized dividend and a dividend yield of 1.21%. FirstCash's dividend payout ratio is currently 29.17%.

Wall Street Analysts Forecast Growth

FCFS has been the topic of a number of recent research reports. Stephens raised their price target on shares of FirstCash from $131.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, February 2nd. TD Cowen upgraded shares of FirstCash from a "hold" rating to a "buy" rating and boosted their price target for the stock from $130.00 to $145.00 in a research report on Wednesday, April 10th.

Insiders Place Their Bets

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

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.