FirstCash Holdings, Inc. (NASDAQ:FCFS – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.46 per share on Tuesday, November 24th. This represents a $1.84 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 13th. This is a 9.5% increase from FirstCash’s previous quarterly dividend of $0.42.
FirstCash has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. FirstCash has a payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect FirstCash to earn $12.74 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 13.2%.
FirstCash Stock Down 14.7%
Shares of FCFS stock traded down $31.97 on Thursday, hitting $184.78. The stock had a trading volume of 1,782,268 shares, compared to its average volume of 382,990. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average price of $217.83 and a 200 day moving average price of $216.41. The company has a market cap of $8.01 billion, a PE ratio of 21.09 and a beta of 0.55. FirstCash has a one year low of $146.77 and a one year high of $238.93.
FirstCash (NASDAQ:FCFS – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.05. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The company’s revenue was up 17.7% compared to the same quarter last year. Research analysts anticipate that FirstCash will post 11.59 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of FirstCash from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. TD Cowen lifted their price target on shares of FirstCash from $240.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Canaccord Genuity Group upped their price target on FirstCash from $252.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective for the company in a report on Monday, August 10th. Finally, Weiss Ratings upgraded FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $253.00.
Read Our Latest Research Report on FCFS
FirstCash Company Profile
FirstCash Holdings, Inc is a specialty financial services and retail company that operates pawn stores in the United States and Mexico. Through its pawn operations, the company provides short-term, collateral-backed loans to consumers who pledge personal property as security. Customers can reclaim their pledged items by repaying the loan and applicable fees within the required period.
The company also generates revenue by selling merchandise that has been forfeited on pawn loans or acquired through other purchasing activities.
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