Shares of FirstCash Inc (NASDAQ:FCFS) have been given a consensus rating of “Buy” by the nine analysts that are covering the firm. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $52.20.
FCFS has been the topic of several recent analyst reports. Jefferies Group reiterated a “buy” rating and issued a $60.00 price target on shares of FirstCash in a report on Friday, September 2nd. JPMorgan Chase & Co. cut their price target on shares of FirstCash from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday, September 8th. Janney Montgomery Scott upgraded shares of FirstCash from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $59.00 in a report on Monday, October 3rd. Wedbush initiated coverage on shares of FirstCash in a report on Monday, October 10th. They issued an “outperform” rating and a $58.00 price target on the stock. Finally, JMP Securities upgraded shares of FirstCash from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Thursday, October 13th.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in FirstCash by 12.6% in the second quarter. BlackRock Inc. now owns 2,281 shares of the company’s stock valued at $117,000 after buying an additional 255 shares in the last quarter. Quantbot Technologies LP raised its position in FirstCash by 77.0% in the third quarter. Quantbot Technologies LP now owns 3,053 shares of the company’s stock valued at $143,000 after buying an additional 1,328 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in FirstCash during the third quarter valued at about $161,000. PNC Financial Services Group Inc. raised its position in FirstCash by 34.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the company’s stock valued at $183,000 after buying an additional 991 shares in the last quarter. Finally, PineBridge Investments L.P. raised its position in FirstCash by 3.8% in the second quarter. PineBridge Investments L.P. now owns 3,582 shares of the company’s stock valued at $184,000 after buying an additional 130 shares in the last quarter.
FirstCash (NASDAQ:FCFS) traded down 0.52% during mid-day trading on Monday, hitting $47.55. 70,415 shares of the stock traded hands. The firm has a market cap of $2.31 billion, a P/E ratio of 33.09 and a beta of 0.90. FirstCash has a 52-week low of $29.64 and a 52-week high of $53.95. The firm’s 50-day moving average is $47.25 and its 200 day moving average is $48.41.
FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.06. The company earned $261.15 million during the quarter, compared to the consensus estimate of $280.38 million. The business’s revenue was up 54.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. Equities analysts predict that FirstCash will post $2.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, November 9th. This is a positive change from FirstCash’s previous quarterly dividend of $0.13. FirstCash’s payout ratio is currently 25.38%.