FirstCash Inc (FCFS) Announces Dividend Increase – $0.22 Per Share
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.
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.
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