FirstCash Inc (FCFS) Expected to Post Q1 2018 Earnings of $0.83 Per Share
FirstCash Inc (NYSE:FCFS) – Analysts at Jefferies Group boosted their Q1 2018 earnings estimates for shares of FirstCash in a report issued on Wednesday. Jefferies Group analyst J. Hecht now expects that the credit services provider will earn $0.83 per share for the quarter, up from their previous estimate of $0.76. Jefferies Group currently has a “Buy” rating and a $73.00 target price on the stock. Jefferies Group also issued estimates for FirstCash’s Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.75 EPS and FY2018 earnings at $3.33 EPS.
FirstCash (NYSE:FCFS) last announced its earnings results on Thursday, October 26th. The credit services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $435.40 million for the quarter, compared to analysts’ expectations of $418.57 million. FirstCash had a net margin of 6.41% and a return on equity of 8.45%. The business’s revenue was up 66.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS.
Several other analysts have also recently issued reports on FCFS. Zacks Investment Research cut shares of FirstCash from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Credit Suisse Group began coverage on shares of FirstCash in a research report on Wednesday, October 4th. They set an “outperform” rating and a $73.00 target price on the stock. Finally, Wedbush increased their price objective on shares of FirstCash from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.43.
Shares of FirstCash (NYSE FCFS) opened at $70.45 on Thursday. 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 stock has a market cap of $3,320.00 and a PE ratio of 30.24. FirstCash has a 1 year low of $39.80 and a 1 year high of $70.90.
Institutional investors have recently bought and sold shares of the stock. Grandeur Peak Global Advisors LLC purchased a new stake in FirstCash in the 3rd quarter worth about $54,801,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in FirstCash in the 3rd quarter worth about $1,736,000. Insight Capital Research & Management Inc. purchased a new stake in FirstCash in the 3rd quarter worth about $913,000. Earnest Partners LLC raised its position in FirstCash by 1.6% in the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock worth $93,090,000 after purchasing an additional 22,690 shares during the period. Finally, California Public Employees Retirement System raised its position in FirstCash by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock worth $10,510,000 after purchasing an additional 6,211 shares during the period. 95.69% of the stock is currently owned by institutional investors.
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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