FirstCash Inc (FCFS) Forecasted to Post Q1 2018 Earnings of $0.71 Per Share

FirstCash Inc (NYSE:FCFS) – Investment analysts at Wedbush cut their Q1 2018 EPS estimates for FirstCash in a research report issued on Monday. Wedbush analyst H. Coffey now forecasts that the credit services provider will post earnings of $0.71 per share for the quarter, down from their prior estimate of $0.74. Wedbush has a “Buy” rating and a $75.00 price objective on the stock. Wedbush also issued estimates for FirstCash’s Q3 2018 earnings at $0.82 EPS and FY2019 earnings at $3.75 EPS.

FirstCash (NYSE:FCFS) last released its earnings results on Thursday, October 26th. The credit services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ 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%. FirstCash’s quarterly revenue was up 66.7% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS.

Several other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of FirstCash from a “buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine cut shares of FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Jefferies Group reissued a “buy” rating and issued a $73.00 price target on shares of FirstCash in a research report on Thursday, October 12th. Finally, Credit Suisse Group started coverage on shares of FirstCash in a research report on Wednesday, October 4th. They issued an “outperform” rating and a $73.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. FirstCash currently has a consensus rating of “Buy” and a consensus price target of $67.00.

FirstCash (FCFS) opened at $68.95 on Wednesday. The stock has a market cap of $3,250.00 and a P/E ratio of 29.59. The company has a quick ratio of 4.30, a current ratio of 6.57 and a debt-to-equity ratio of 0.20. FirstCash has a 52 week low of $39.80 and a 52 week high of $70.25.

A number of hedge funds and other institutional investors have recently modified their holdings of FCFS. Zions Bancorporation acquired a new position in FirstCash during the 3rd quarter worth about $230,000. Insight Capital Research & Management Inc. acquired a new position in FirstCash during the 3rd quarter worth about $913,000. Cornerstone Capital Management Holdings LLC. acquired a new position in FirstCash during the 3rd quarter worth about $1,736,000. California Public Employees Retirement System lifted its position in FirstCash by 3.9% during 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 buying an additional 6,211 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC acquired a new position in FirstCash during the 3rd quarter worth about $54,801,000. Institutional investors and hedge funds own 95.69% of the company’s stock.

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About FirstCash

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.

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