The Jefferies Group Comments on FirstCash Inc’s Q4 2016 Earnings (FCFS)

The Jefferies Group Comments on FirstCash Inc’s Q4 2016 Earnings (FCFS)

FirstCash Inc (NASDAQ:FCFS) – Equities researchers at Jefferies Group cut their Q4 2016 EPS estimates for FirstCash in a research report issued on Friday. Jefferies Group analyst J. Hecht now anticipates that the brokerage will post earnings per share of $0.76 for the quarter, down from their previous forecast of $0.77. Jefferies Group has a “Buy” rating and a $60.00 price objective on the stock. Jefferies Group also issued estimates for FirstCash’s Q1 2017 earnings at $0.73 EPS, Q2 2017 earnings at $0.51 EPS and Q4 2017 earnings at $1.01 EPS.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The company had revenue of $261.15 million for the quarter, compared to analyst estimates of $280.38 million. During the same quarter last year, the business earned $0.40 EPS. The company’s revenue for the quarter was up 54.1% on a year-over-year basis.

A number of other brokerages have also recently issued reports on FCFS. Zacks Investment Research upgraded FirstCash from a “strong sell” rating to a “hold” rating in a report on Monday, July 18th. TheStreet cut FirstCash from a “buy” rating to a “hold” rating in a report on Thursday. Wedbush began coverage on FirstCash in a report on Monday, October 10th. They set an “outperform” rating and a $58.00 price objective on the stock. JMP Securities upgraded FirstCash from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Thursday, October 13th. Finally, Janney Montgomery Scott upgraded FirstCash from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $59.00 in a report on Monday, October 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.63.

FirstCash (NASDAQ:FCFS) opened at 47.10 on Monday. The firm’s 50-day moving average price is $47.17 and its 200 day moving average price is $48.38. FirstCash has a one year low of $29.64 and a one year high of $53.95. The firm has a market cap of $1.63 billion, a P/E ratio of 32.78 and a beta of 0.90.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in FirstCash by 27.8% in the second quarter. FMR LLC now owns 1,260,937 shares of the company’s stock valued at $64,724,000 after buying an additional 274,221 shares during the last quarter. BlackRock Advisors LLC boosted its stake in FirstCash by 1,481.0% in the second quarter. BlackRock Advisors LLC now owns 209,331 shares of the company’s stock valued at $10,745,000 after buying an additional 196,091 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in FirstCash during the second quarter valued at approximately $6,736,000. Prince Street Capital Management LLC purchased a new stake in FirstCash during the second quarter valued at approximately $5,800,000. Finally, Calamos Advisors LLC purchased a new stake in FirstCash during the second quarter valued at approximately $4,455,000.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be paid a $0.19 dividend. This is a boost from FirstCash’s previous quarterly dividend of $0.13. The ex-dividend date is Wednesday, November 9th. This represents a $0.76 annualized dividend and a yield of 1.61%. FirstCash’s payout ratio is presently 25.38%.

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