FirstCash (FCFS) Expected to Announce Quarterly Earnings on Thursday

FirstCash (NASDAQ:FCFS) will likely be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $2.02 per share and revenue of $899,770.00 billion for the quarter.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The firm had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. During the same period last year, the firm posted $1.56 EPS. FirstCash’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts expect FirstCash to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $112.40 on Thursday. The firm’s 50 day moving average is $106.33 and its two-hundred day moving average is $110.42. The firm has a market capitalization of $5.03 billion, a P/E ratio of 20.81 and a beta of 0.66. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash has a 52 week low of $100.24 and a 52 week high of $133.64.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FCFS shares. TD Cowen cut their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stephens assumed coverage on FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price on the stock.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares in the company, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.