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.

TRADEMARK VIOLATION WARNING: “FirstCash Inc (FCFS) Expected to Post Q1 2018 Earnings of $0.83 Per Share” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.watchlistnews.com/firstcash-inc-fcfs-expected-to-post-q1-2018-earnings-of-0-83-per-share/1805765.html.

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.

Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.