FirstCash Holdings, Inc. (FCFS) to Issue Quarterly Dividend of $0.35 on May 31st

FirstCash Holdings, Inc. (NASDAQ:FCFS) 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 is Tuesday, May 14th.

FirstCash has raised its dividend by an average of 8.0% per year over the last three years and has raised its dividend every year for the last 3 years. FirstCash has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FirstCash to earn $8.07 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 17.3%.

FirstCash Trading Up 1.0 %

NASDAQ FCFS opened at $115.71 on Friday. The company has a fifty day simple moving average of $122.13 and a two-hundred day simple moving average of $114.65. The stock has a market cap of $5.22 billion, a P/E ratio of 22.56 and a beta of 0.62. FirstCash has a 12-month low of $88.05 and a 12-month high of $133.64. The company has a current ratio of 3.99, a quick ratio of 2.96 and a debt-to-equity ratio of 0.75.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. 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 7.23% and a return on equity of 14.73%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $1.25 earnings per share. On average, analysts forecast that FirstCash will post 6.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FCFS. 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. Stephens raised their price target on shares of FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd.

Insider Activity

In other 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 accessible through this link. In other news, Director Douglas Richard Rippel sold 25,968 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $116.10, for a total value of $3,014,884.80. Following the completion of the transaction, the director now owns 5,946,649 shares of the company’s stock, valued at approximately $690,405,948.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 3,000 shares of the company’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 directly owns 94,715 shares of the company’s stock, valued at approximately $11,010,618.75. 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 in 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.