Analysts Set Expectations for FirstCash Inc’s Q4 2018 Earnings (FCFS)
FirstCash Inc (NYSE:FCFS) – Equities research analysts at Jefferies Group lifted their Q4 2018 earnings per share (EPS) estimates for FirstCash in a report released on Wednesday. Jefferies Group analyst J. Hecht now forecasts that the credit services provider will earn $1.11 per share for the quarter, up from their prior forecast of $1.03. Jefferies Group has a “Buy” rating and a $73.00 price target on the stock.
FirstCash (NYSE:FCFS) last posted its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The business 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%. FirstCash’s quarterly revenue was up 66.7% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share.
FirstCash (NYSE:FCFS) traded down $0.05 during trading hours on Friday, hitting $70.45. The company had a trading volume of 162,195 shares, compared to its average volume of 224,189. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.30 and a current ratio of 6.57. The company has a market capitalization of $3,310.00 and a P/E ratio of 30.24. FirstCash has a fifty-two week low of $39.80 and a fifty-two week high of $70.90.
Hedge funds have recently bought and sold shares of the business. Grandeur Peak Global Advisors LLC bought a new position in FirstCash in the third quarter valued at approximately $54,801,000. Insight Capital Research & Management Inc. bought a new position in FirstCash in the third quarter valued at approximately $913,000. Cornerstone Capital Management Holdings LLC. bought a new position in FirstCash in the third quarter valued at approximately $1,736,000. Earnest Partners LLC grew its stake in FirstCash by 1.6% in 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 in the last quarter. Finally, California Public Employees Retirement System grew its stake in FirstCash by 3.9% in 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 in the last quarter. Hedge funds and other institutional investors own 95.69% of the company’s stock.
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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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