FirstCash Inc (NYSE:FCFS) Expected to Announce Earnings of $0.81 Per Share
Equities research analysts predict that FirstCash Inc (NYSE:FCFS) will report earnings per share of $0.81 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for FirstCash’s earnings, with the highest EPS estimate coming in at $0.82 and the lowest estimate coming in at $0.78. FirstCash posted earnings of $0.70 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15.7%. The business is scheduled to announce its next earnings report on Thursday, July 25th.
On average, analysts expect that FirstCash will report full-year earnings of $3.95 per share for the current financial year, with EPS estimates ranging from $3.90 to $4.00. For the next year, analysts forecast that the firm will post earnings of $4.60 per share, with EPS estimates ranging from $4.50 to $4.84. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for FirstCash.
FirstCash (NYSE:FCFS) last issued its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.08. The firm had revenue of $467.60 million for the quarter, compared to the consensus estimate of $453.90 million. During the same period last year, the firm earned $0.90 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis.
In other FirstCash news, CFO R Douglas Orr sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $96.94, for a total value of $727,050.00. Following the completion of the sale, the chief financial officer now owns 142,500 shares of the company’s stock, valued at $13,813,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.83% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. HL Financial Services LLC grew its holdings in shares of FirstCash by 2.8% during the fourth quarter. HL Financial Services LLC now owns 4,598 shares of the credit services provider’s stock valued at $333,000 after buying an additional 127 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of FirstCash by 1.2% during the first quarter. OppenheimerFunds Inc. now owns 11,636 shares of the credit services provider’s stock worth $1,007,000 after purchasing an additional 137 shares in the last quarter. Bank of Montreal Can increased its stake in shares of FirstCash by 1.8% during the first quarter. Bank of Montreal Can now owns 9,516 shares of the credit services provider’s stock worth $823,000 after purchasing an additional 170 shares in the last quarter. Ramsey Quantitative Systems increased its stake in shares of FirstCash by 5.7% during the fourth quarter. Ramsey Quantitative Systems now owns 3,583 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 192 shares in the last quarter. Finally, Connable Office Inc. grew its stake in FirstCash by 3.4% during the 1st quarter. Connable Office Inc. now owns 6,031 shares of the credit services provider’s stock valued at $522,000 after acquiring an additional 201 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.
NYSE FCFS opened at $98.96 on Monday. FirstCash has a 1-year low of $66.28 and a 1-year high of $100.50.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, May 14th.
FirstCash Company Profile
FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
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