Brokers expect FirstCash Holdings, Inc (NASDAQ:FCFS) to report quarterly sales of $637.79 million
Stock analysts expect FirstCash Holdings, Inc (NASDAQ: FCFS – Get a rating) to announce sales of $637.79 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates of FirstCash’s earnings, with the lowest sales estimate at $603.02 million and the highest estimate at $655.40 million. FirstCash recorded sales of $389.58 million in the same quarter last year, indicating a positive year-over-year growth rate of 63.7%. The company is due to announce its next earnings report on Monday, January 1.
According to Zacks, analysts expect FirstCash to report annual sales of $2.70 billion for the current year, with estimates ranging from $2.62 billion to $2.74 billion. For next year, analysts expect the company to post sales of $2.96 billion, with estimates ranging from $2.91 billion to $3.00 billion. Zacks sales averages are an average average based on a survey of research analysts who follow FirstCash.
First Cash (NASDAQ: FCFS – Get a rating) last released its results on Thursday, April 28. The company reported earnings per share (EPS) of $1.18 for the quarter, beating consensus analyst estimates of $1.10 by $0.08. The company posted revenue of $659.84 million for the quarter, versus analyst estimates of $630.04 million. FirstCash had a net margin of 6.11% and a return on equity of 11.92%. The company’s revenue for the quarter increased 61.7% year over year. In the same quarter a year earlier, the company posted EPS of $0.85.
FCFS has been the subject of a number of recent analyst reports. Wedbush reduced its target price on FirstCash shares from $93.00 to $80.00 and set a “neutral” rating on the stock in a Wednesday, March 9 research note. TheStreet upgraded FirstCash shares from a “c+” rating to a “b-” rating in a research note on Tuesday. To finish, Zacks Investment Research downgraded FirstCash shares from a “hold” rating to a “sell” rating in a Monday, May 2, research note. Two investment analysts have assigned the stock a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $92.00.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Bank of America Corp DE increased its stake in FirstCash by 6.8% in the first quarter. Bank of America Corp DE now owns 1,297,967 shares of the company worth $91,298,000 after acquiring an additional 82,256 shares during the period. Van Hulzen Asset Management LLC increased its position in FirstCash by 5.8% in Q1. Van Hulzen Asset Management LLC now owns 3,521 shares of the company worth $248,000 after purchasing an additional 192 shares in the last quarter. Weiss Multi Strategy Advisers LLC increased its position in FirstCash by 55.3% in Q1. Weiss Multi Strategy Advisers LLC now owns 104,813 shares of the company worth $7,373,000 after purchasing an additional 37,313 shares in the last quarter. Continuum Advisory LLC bought a new position in FirstCash in Q1 worth approximately $857,000. Finally, Avalon Investment & Advisory bought a new position in FirstCash in Q1 worth approximately $3,313,000. Hedge funds and other institutional investors hold 91.58% of the company’s shares.
Shares of First Cash Stock opened at $71.15 on Friday. The company has a market capitalization of $3.38 billion, a PE ratio of 25.41 and a beta of 0.71. The company’s 50-day simple moving average is $72.97 and its 200-day simple moving average is $70.67. The company has a debt ratio of 0.71, a quick ratio of 2.04 and a current ratio of 2.68. FirstCash has a 1-year minimum of $58.30 and a 1-year maximum of $97.04.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31. Investors of record on Monday, May 16 received a dividend of $0.30 per share. The ex-dividend date was Friday, May 13. This represents an annualized dividend of $1.20 and a yield of 1.69%. FirstCash’s dividend payout ratio (DPR) is 42.86%.
FirstCash Holdings, Inc, together with its subsidiaries, operates pawn shops in the United States, Mexico and the rest of Latin America. Its pawnbrokers lend money against collateral for pledged personal property, including jewelry, electronics, tools, appliances, sporting goods and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawnbrokers and over-the-counter merchandise purchases directly from customers.
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