FirstCash Inc (FCFS) Expected to Post Earnings of $0.78 Per Share
Equities research analysts expect FirstCash Inc (NYSE:FCFS) to post earnings per share of $0.78 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for FirstCash’s earnings. The highest EPS estimate is $0.85 and the lowest is $0.70. FirstCash posted earnings per share of $0.61 in the same quarter last year, which suggests a positive year-over-year growth rate of 27.9%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 25th.
According to Zacks, analysts expect that FirstCash will report full year earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.55. For the next year, analysts anticipate that the company will post earnings of $4.14 per share, with EPS estimates ranging from $3.92 to $4.44. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover FirstCash.
FirstCash (NYSE:FCFS) last released its quarterly earnings results on Thursday, July 26th. The credit services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $419.97 million for the quarter, compared to the consensus estimate of $424.01 million. FirstCash had a return on equity of 10.32% and a net margin of 9.40%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS.
Hedge funds have recently made changes to their positions in the business. Summit Trail Advisors LLC grew its stake in shares of FirstCash by 5,707.4% in the 1st quarter. Summit Trail Advisors LLC now owns 134,151 shares of the credit services provider’s stock valued at $134,000 after purchasing an additional 131,841 shares during the last quarter. CAPROCK Group Inc. purchased a new position in shares of FirstCash in the 2nd quarter valued at approximately $200,000. Acadian Asset Management LLC purchased a new position in shares of FirstCash in the 2nd quarter valued at approximately $205,000. Jane Street Group LLC purchased a new position in shares of FirstCash in the 1st quarter valued at approximately $229,000. Finally, Granahan Investment Management Inc. MA purchased a new position in shares of FirstCash in the 2nd quarter valued at approximately $252,000. Institutional investors own 95.30% of the company’s stock.
NYSE:FCFS traded down $1.28 during mid-day trading on Friday, reaching $77.47. 226,589 shares of the stock were exchanged, compared to its average volume of 285,133. The company has a market capitalization of $3.63 billion, a PE ratio of 28.27, a P/E/G ratio of 1.17 and a beta of 0.50. The company has a quick ratio of 4.36, a current ratio of 6.48 and a debt-to-equity ratio of 0.23. FirstCash has a 1 year low of $59.35 and a 1 year high of $95.40.
FirstCash declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 26th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
FirstCash Company Profile
FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
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