FirstCash (NASDAQ:FCFS) Releases Earnings Results, Beats Estimates By $0.10 EPS

FirstCash (NASDAQ:FCFS) announced its quarterly earnings data 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 net margin of 7.29% and a return on equity of 14.97%.

FirstCash Stock Performance

FCFS traded up $1.39 during trading on Thursday, hitting $113.33. 42,171 shares of the company traded hands, compared to its average volume of 212,088. The firm has a market cap of $5.07 billion, a P/E ratio of 20.98 and a beta of 0.66. The stock’s fifty day moving average is $107.07 and its 200 day moving average is $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. FirstCash has a one year low of $100.24 and a one year high of $133.64.

Insider Activity at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.77% of the stock is owned by company insiders.

Analysts Set New Price Targets

FCFS has been the subject of several analyst reports. Stephens started coverage on shares of FirstCash in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price objective for the company. TD Cowen dropped their target price on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

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.