Equities Analysts Set Expectations for FirstCash Inc’s Q4 2018 Earnings (FCFS)
FirstCash Inc (NYSE:FCFS) – Equities researchers at Jefferies Group increased their Q4 2018 earnings per share (EPS) estimates for FirstCash in a research report issued on Wednesday. Jefferies Group analyst J. Hecht now expects that the credit services provider will post earnings per share of $1.11 for the quarter, up from their prior forecast of $1.03. Jefferies Group has a “Buy” rating and a $73.00 price objective on the stock.
FirstCash (NYSE:FCFS) last released its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. FirstCash had a return on equity of 8.45% and a net margin of 6.41%. The firm had revenue of $435.40 million for the quarter, compared to analyst estimates of $418.57 million. During the same quarter in the previous year, the company posted $0.58 EPS. The business’s revenue was up 66.7% on a year-over-year basis.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded FirstCash from a “sell” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Monday, October 30th. BidaskClub upgraded FirstCash from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Finally, Wedbush set a $75.00 target price on FirstCash and gave the company a “buy” rating in a research report on Monday, January 8th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $67.43.
FirstCash (NYSE:FCFS) traded down $0.05 during midday trading on Friday, hitting $70.45. The company’s stock had a trading volume of 162,195 shares, compared to its average volume of 255,394. FirstCash has a 1 year low of $39.80 and a 1 year high of $70.90. The company has a market cap of $3,320.00 and a price-to-earnings ratio of 30.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.57 and a quick ratio of 4.30.
Institutional investors have recently made changes to their positions in the stock. Grandeur Peak Global Advisors LLC bought a new stake in shares of FirstCash during the 3rd quarter valued at about $54,801,000. Insight Capital Research & Management Inc. acquired a new position in FirstCash during the 3rd quarter worth approximately $913,000. Cornerstone Capital Management Holdings LLC. acquired a new position in FirstCash during the 3rd quarter worth approximately $1,736,000. Earnest Partners LLC raised its stake in FirstCash by 1.6% during the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock worth $93,090,000 after buying an additional 22,690 shares during the period. Finally, California Public Employees Retirement System raised its stake in FirstCash by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock worth $10,510,000 after buying an additional 6,211 shares during the period. Institutional investors own 95.69% 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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