Equities analysts forecast that FirstCash Inc (NYSE:FCFS) will announce $448.64 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for FirstCash’s earnings. The lowest sales estimate is $444.74 million and the highest is $451.19 million. FirstCash reported sales of $429.88 million in the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The company is scheduled to report its next quarterly earnings results on Thursday, October 24th.
On average, analysts expect that FirstCash will report full-year sales of $1.87 billion for the current financial year, with estimates ranging from $1.87 billion to $1.88 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.00 billion, with estimates ranging from $1.94 billion to $2.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover FirstCash.
FirstCash (NYSE:FCFS) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The business had revenue of $446.00 million during the quarter, compared to the consensus estimate of $435.50 million. During the same period in the previous year, the company posted $0.70 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year.
In other news, Director James H. Graves sold 3,597 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $99.33, for a total transaction of $357,290.01. Following the completion of the sale, the director now directly owns 21,272 shares of the company’s stock, valued at $2,112,947.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,500 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $101.83, for a total value of $254,575.00. Following the sale, the chief financial officer now directly owns 135,000 shares of the company’s stock, valued at $13,747,050. The disclosure for this sale can be found here. Corporate insiders own 2.83% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of FirstCash by 8.4% during the second quarter. BlackRock Inc. now owns 6,912,083 shares of the credit services provider’s stock valued at $691,346,000 after purchasing an additional 538,136 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of FirstCash during the second quarter valued at $27,971,000. Victory Capital Management Inc. lifted its holdings in shares of FirstCash by 8.0% during the second quarter. Victory Capital Management Inc. now owns 865,838 shares of the credit services provider’s stock valued at $86,602,000 after purchasing an additional 63,945 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of FirstCash by 7.9% during the second quarter. UBS Asset Management Americas Inc. now owns 38,441 shares of the credit services provider’s stock valued at $3,845,000 after purchasing an additional 2,830 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of FirstCash during the second quarter valued at $216,000. 95.30% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:FCFS traded down $1.76 on Wednesday, hitting $94.15. The company’s stock had a trading volume of 731,728 shares, compared to its average volume of 240,723. FirstCash has a 12 month low of $66.28 and a 12 month high of $106.80. The stock’s 50-day moving average is $98.69 and its two-hundred day moving average is $95.87.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%.
FirstCash Company Profile
FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
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