FirstCash Inc (FCFS) Raises Dividend to $0.22 Per Share

FirstCash Inc (NYSE:FCFS) declared a quarterly dividend on Thursday, February 1st, RTT News reports. Investors of record on Wednesday, February 14th will be paid a dividend of 0.22 per share by the credit services provider on Wednesday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from FirstCash’s previous quarterly dividend of $0.20.

FirstCash has a dividend payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Analysts expect FirstCash to earn $3.86 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 20.7%.

FirstCash (NYSE:FCFS) opened at $73.30 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.99 and a quick ratio of 4.69. The company has a market capitalization of $3,454.06, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.10 and a beta of 0.80. FirstCash has a 12 month low of $42.70 and a 12 month high of $75.35.

FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.10. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The firm had revenue of $480.21 million during the quarter, compared to analyst estimates of $467.32 million. During the same period in the prior year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. research analysts predict that FirstCash will post 3.31 EPS for the current fiscal year.

Several research firms have issued reports on FCFS. Wedbush reiterated an “outperform” rating and set a $83.00 price objective (up from $75.00) on shares of FirstCash in a research note on Monday. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Thursday, February 1st. ValuEngine lowered FirstCash from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub upgraded FirstCash from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $71.83.

In other news, CFO R Douglas Orr sold 5,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $73.43, for a total value of $367,150.00. Following the completion of the sale, the chief financial officer now directly owns 172,000 shares in the company, valued at $12,629,960. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas Brent Stuart bought 1,080 shares of the stock in a transaction dated Monday, February 5th. The stock was acquired at an average price of $73.64 per share, with a total value of $79,531.20. Following the completion of the purchase, the insider now owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The disclosure for this purchase can be found here. Corporate insiders own 2.75% of the company’s stock.

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FirstCash Company Profile

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.

Dividend History for FirstCash (NYSE:FCFS)

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