FirstCash Holdings, Inc (NASDAQ:FCFS) Expected to Announce Earnings of $0.94 Per Share

Equities analysts predict that FirstCash Holdings, Inc (NASDAQ:FCFSGet Rating) will report earnings of $0.94 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for FirstCash’s earnings, with estimates ranging from $0.92 to $0.99. FirstCash reported earnings per share of $0.71 during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.4%. The company is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that FirstCash will report full year earnings of $4.98 per share for the current fiscal year, with EPS estimates ranging from $4.80 to $5.18. For the next fiscal year, analysts forecast that the business will post earnings of $6.15 per share, with EPS estimates ranging from $5.67 to $6.46. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow FirstCash.

FirstCash (NASDAQ:FCFSGet Rating) last released its earnings results on Thursday, April 28th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.08. The company had revenue of $659.84 million during the quarter, compared to the consensus estimate of $630.04 million. FirstCash had a net margin of 6.11% and a return on equity of 11.92%. The company’s revenue was up 61.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS.

A number of brokerages recently weighed in on FCFS. Zacks Investment Research downgraded shares of FirstCash from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. Wedbush lowered their price objective on shares of FirstCash from $93.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, March 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, FirstCash has an average rating of “Hold” and an average price target of $92.00.

In other FirstCash news, insider Howard F. Hambleton bought 1,472 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was acquired at an average cost of $76.18 per share, with a total value of $112,136.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.74% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its stake in FirstCash by 37.9% in the 1st quarter. First Trust Advisors LP now owns 39,006 shares of the company’s stock valued at $3,374,000 after buying an additional 10,714 shares during the last quarter. Morgan Stanley grew its position in FirstCash by 84.2% in the 2nd quarter. Morgan Stanley now owns 135,842 shares of the company’s stock worth $10,384,000 after purchasing an additional 62,079 shares during the last quarter. Raymond James & Associates grew its position in FirstCash by 20.4% in the 3rd quarter. Raymond James & Associates now owns 11,776 shares of the company’s stock worth $1,030,000 after purchasing an additional 1,993 shares during the last quarter. Advisor Group Holdings Inc. grew its position in FirstCash by 11.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 8,175 shares of the company’s stock worth $715,000 after purchasing an additional 810 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in FirstCash in the 3rd quarter worth $206,000. Institutional investors own 91.58% of the company’s stock.

FCFS opened at $75.06 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.04 and a current ratio of 2.68. FirstCash has a 1-year low of $58.30 and a 1-year high of $97.04. The company has a 50-day moving average of $71.71 and a 200-day moving average of $71.49. The company has a market capitalization of $3.56 billion, a P/E ratio of 26.81 and a beta of 0.70.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, May 13th. FirstCash’s dividend payout ratio is currently 42.86%.

FirstCash Company Profile (Get Rating)

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. 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.

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Earnings History and Estimates for FirstCash (NASDAQ:FCFS)

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