FirstCash (NASDAQ:FCFS) Issues Earnings Results

FirstCash (NASDAQ:FCFS) released its quarterly earnings results on Thursday. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10, Zacks reports. FirstCash had a return on equity of 14.97% and a net margin of 7.29%.

FirstCash Price Performance

NASDAQ:FCFS traded up $1.39 during trading hours on Thursday, hitting $113.33. 42,171 shares of the stock traded hands, compared to its average volume of 212,088. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 20.98 and a beta of 0.66. FirstCash has a 1 year low of $100.24 and a 1 year high of $133.64. The stock has a 50 day moving average price of $107.07 and a 200 day moving average price of $110.77. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87.

Insider Activity

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 14.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FCFS shares. TD Cowen decreased their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Stephens began coverage on shares of FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company.

FirstCash Company Profile

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.