FirstCash (NASDAQ:FCFS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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

FirstCash Price Performance

Shares of NASDAQ FCFS traded up $1.24 during mid-day trading on Friday, reaching $115.85. The company had a trading volume of 256,884 shares, compared to its average volume of 214,640. FirstCash has a one year low of $88.05 and a one year high of $133.64. The business’s 50-day simple moving average is $122.18 and its 200 day simple moving average is $114.56. 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 firm has a market cap of $5.23 billion, a price-to-earnings ratio of 23.79 and a beta of 0.62.

FirstCash Announces Dividend

The business 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 dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, May 14th. FirstCash’s dividend payout ratio (DPR) is currently 29.17%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. TD Cowen raised shares of FirstCash from a “hold” rating to a “buy” rating and increased their price target for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. 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.

Insider Buying and Selling

In other FirstCash news, Director Douglas Richard Rippel sold 31,930 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $119.68, for a total value of $3,821,382.40. Following the transaction, the director now directly owns 5,767,238 shares of the company’s stock, valued at approximately $690,223,043.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $116.25, for a total transaction of $348,750.00. Following the completion of the sale, the chief financial officer now directly owns 94,715 shares in the company, valued at approximately $11,010,618.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Douglas Richard Rippel sold 31,930 shares of FirstCash stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $119.68, for a total value of $3,821,382.40. Following the completion of the transaction, the director now owns 5,767,238 shares in the company, valued at approximately $690,223,043.84. The disclosure for this sale can be found here. Insiders sold 329,984 shares of company stock valued at $38,850,386 over the last quarter. 18.08% of the stock is owned by company insiders.

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.