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.
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.
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