FirstCash (FCFS) Set to Announce Earnings on Thursday

FirstCash (NASDAQ:FCFS - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect FirstCash to post earnings of $1.50 per share for the quarter.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The company had revenue of $852.13 million during the quarter, compared to analysts' expectations of $859.23 million. During the same quarter in the previous year, the company earned $1.65 EPS. FirstCash's revenue was up 12.5% on a year-over-year basis. On average, analysts expect FirstCash to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

FirstCash Trading Up 1.3 %

Shares of NASDAQ:FCFS traded up $1.69 during trading on Friday, hitting $130.41. 215,888 shares of the company's stock were exchanged, compared to its average volume of 171,752. FirstCash has a 1-year low of $88.05 and a 1-year high of $133.46. The firm has a 50-day moving average price of $121.52 and a two-hundred day moving average price of $113.91. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The firm has a market cap of $5.88 billion, a P/E ratio of 27.17 and a beta of 0.62.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, February 13th. FirstCash's dividend payout ratio is currently 29.17%.

Insider Transactions at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 3,000 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the sale, the chief financial officer now directly owns 94,715 shares of the company's stock, valued at $11,010,618.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FirstCash news, Director Douglas Richard Rippel sold 17,395 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $118.73, for a total value of $2,065,308.35. Following the transaction, the director now directly owns 5,466,973 shares in the company, valued at $649,093,704.29. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 3,000 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the transaction, the chief financial officer now owns 94,715 shares in the company, valued at $11,010,618.75. The disclosure for this sale can be found here. Insiders have sold a total of 329,984 shares of company stock valued at $38,850,386 over the last 90 days. 18.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FirstCash

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates grew its stake in shares of FirstCash by 19.1% in the first quarter. Raymond James & Associates now owns 12,864 shares of the company's stock valued at $905,000 after acquiring an additional 2,061 shares in the last quarter. US Bancorp DE grew its stake in shares of FirstCash by 249.4% in the first quarter. US Bancorp DE now owns 4,304 shares of the company's stock valued at $303,000 after acquiring an additional 3,072 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of FirstCash by 10.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,680 shares of the company's stock valued at $188,000 after acquiring an additional 254 shares in the last quarter. AlphaCrest Capital Management LLC grew its stake in shares of FirstCash by 51.3% in the first quarter. AlphaCrest Capital Management LLC now owns 5,279 shares of the company's stock valued at $371,000 after acquiring an additional 1,790 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of FirstCash by 10.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,747 shares of the company's stock valued at $1,037,000 after acquiring an additional 1,342 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FCFS. TD Cowen upgraded shares of FirstCash from a "hold" rating to a "buy" rating and boosted their price objective for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Stephens upped their price target on shares of FirstCash from $131.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, February 2nd.

About FirstCash

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.