FirstCash (FCFS) to Release Quarterly Earnings on Thursday

FirstCash (NASDAQ:FCFS) is scheduled to be announcing its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.60 per share for the quarter.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. FirstCash’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share. On average, analysts expect FirstCash to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

FirstCash Trading Up 0.6 %

Shares of FCFS stock opened at $114.72 on Thursday. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 22.36 and a beta of 0.62. The firm’s 50 day moving average price is $116.24 and its two-hundred day moving average price is $115.44. FirstCash has a fifty-two week low of $100.39 and a fifty-two week high of $133.64. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85.

FirstCash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, August 15th. This is an increase from FirstCash’s previous quarterly dividend of $0.35. FirstCash’s payout ratio is currently 29.63%.

Insider Activity

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $9,722,833.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Douglas Richard Rippel sold 7,316 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.98, for a total value of $877,773.68. Following the completion of the sale, the director now directly owns 4,735,843 shares of the company’s stock, valued at approximately $568,206,443.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,154 shares of company stock valued at $1,912,562. 14.77% of the stock is currently owned by company insiders.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.