FirstCash Inc (NYSE:FCFS) announced a quarterly dividend on Thursday, February 1st, RTT News reports. Shareholders of record on Wednesday, February 14th will be given 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 yield of 1.20%. The ex-dividend date is Tuesday, February 13th. This is a boost from FirstCash’s previous quarterly dividend of $0.20.

FirstCash has a payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Equities research 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%.

Shares of FirstCash (NYSE FCFS) opened at $73.55 on Monday. The stock has a market capitalization of $3,470.58, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80. The company has a quick ratio of 4.69, a current ratio of 6.99 and a debt-to-equity ratio of 0.20. FirstCash has a fifty-two week low of $42.70 and a fifty-two week high of $75.35.

FirstCash (NYSE:FCFS) last released its earnings results on Thursday, February 1st. The credit services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. The firm had revenue of $480.21 million for the quarter, compared to analyst estimates of $467.32 million. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. equities research analysts forecast that FirstCash will post 3.31 earnings per share for the current fiscal year.

In related news, CFO R Douglas Orr sold 5,000 shares of the business’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 sale, the chief financial officer now owns 172,000 shares of the company’s stock, valued at approximately $12,629,960. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Brent Stuart purchased 1,080 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $73.64 per share, for a total transaction of $79,531.20. Following the purchase, the insider now owns 8,283 shares in the company, valued at $609,960.12. The disclosure for this purchase can be found here. 2.75% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on the company. BidaskClub raised FirstCash from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Zacks Investment Research raised FirstCash from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, February 1st. Wedbush reissued an “outperform” rating and set a $83.00 price objective (up previously from $75.00) on shares of FirstCash in a report on Monday, February 5th. Finally, ValuEngine lowered FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $71.83.

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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.

Dividend History for FirstCash (NYSE:FCFS)

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