Analysts Anticipate FirstCash Inc (FCFS) Will Post Quarterly Sales of $475.04 Million
Equities research analysts forecast that FirstCash Inc (NYSE:FCFS) will post sales of $475.04 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for FirstCash’s earnings. The highest sales estimate is $487.78 million and the lowest is $463.04 million. FirstCash posted sales of $462.04 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, February 1st.
According to Zacks, analysts expect that FirstCash will report full-year sales of $475.04 million for the current financial year, with estimates ranging from $1.76 billion to $1.79 billion. For the next year, analysts forecast that the company will post sales of $1.84 billion per share, with estimates ranging from $1.78 billion to $1.90 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover FirstCash.
FirstCash (NYSE:FCFS) last issued its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $435.40 million during the quarter, compared to the consensus estimate of $418.57 million. FirstCash had a return on equity of 8.45% and a net margin of 6.41%. The company’s quarterly revenue was up 66.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 earnings per share.
A number of brokerages recently commented on FCFS. Credit Suisse Group began coverage on FirstCash in a research report on Wednesday, October 4th. They set an “outperform” rating and a $73.00 price target for the company. Zacks Investment Research raised FirstCash from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Wednesday. ValuEngine downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub raised FirstCash from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $73.00 price target on shares of FirstCash in a research report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $65.71.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation bought a new position in FirstCash during the third quarter valued at $230,000. California Public Employees Retirement System grew its holdings in FirstCash by 3.9% during the third quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock valued at $10,510,000 after purchasing an additional 6,211 shares during the period. Insight Capital Research & Management Inc. bought a new position in FirstCash during the third quarter valued at $913,000. Earnest Partners LLC grew its holdings in FirstCash by 1.6% during the third quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock valued at $93,090,000 after purchasing an additional 22,690 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in FirstCash during the third quarter valued at $1,736,000. 95.69% of the stock is owned by institutional investors and hedge funds.
Shares of FirstCash (NYSE FCFS) opened at $68.60 on Friday. The company has a current ratio of 6.57, a quick ratio of 4.30 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3,237.03, a P/E ratio of 26.59 and a beta of 0.79. FirstCash has a 52-week low of $39.80 and a 52-week high of $70.25.
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FirstCash Company Profile
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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