FirstCash (FCFS) Earning Somewhat Favorable Press Coverage, Analysis Shows
News headlines about FirstCash (NASDAQ:FCFS) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. FirstCash earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the credit services provider an impact score of 46.4681280860925 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- $424.54 Million in Sales Expected for FirstCash Inc (FCFS) This Quarter (americanbankingnews.com)
- Uptrend Call Working As Firstcash Inc Stock Rises 27.4% (FCFS) (mysmartrend.com)
- Financial Survey: Navient Corporation (NAVI) & FirstCash (NASDAQ:FCFS) (americanbankingnews.com)
- Comparing FirstCash (NASDAQ:FCFS) and Navient Corporation (NAVI) (americanbankingnews.com)
- FirstCash Inc (NASDAQ:FCFS) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
Several research analysts have issued reports on FCFS shares. JMP Securities increased their target price on shares of FirstCash and gave the stock an “outperform” rating in a report on Friday, July 28th. Zacks Investment Research upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, July 11th. BidaskClub upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Janney Montgomery Scott cut shares of FirstCash from a “buy” rating to a “neutral” rating and lowered their price target for the company from $58.55 to $58.00 in a report on Monday, July 17th. Finally, Stephens raised their price target on shares of FirstCash from $51.00 to $62.00 and gave the company an “equal weight” rating in a report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $57.86.
FirstCash (NASDAQ:FCFS) traded down 0.45% during mid-day trading on Friday, hitting $58.15. 193,151 shares of the stock were exchanged. The company has a 50 day moving average of $58.25 and a 200 day moving average of $51.13. The firm has a market cap of $2.77 billion, a P/E ratio of 31.48 and a beta of 0.90. FirstCash has a 12-month low of $39.80 and a 12-month high of $60.75.
FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 8.92%. The firm had revenue of $416.60 million for the quarter, compared to analyst estimates of $410.65 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 128.9% compared to the same quarter last year. On average, equities analysts anticipate that FirstCash will post $2.66 earnings per share for the current fiscal year.
FirstCash announced that its board has authorized a share buyback program on Monday, May 15th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.31%. FirstCash’s payout ratio is 25.38%.
In related news, CFO R Douglas Orr sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $55.00, for a total transaction of $412,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
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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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