FirstCash Holdings, Inc. Declares Quarterly Dividend of $0.38 (NASDAQ:FCFS)

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.38 per share on Friday, February 28th. This represents a $1.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, February 14th.

FirstCash has increased its dividend by an average of 7.7% per year over the last three years. FirstCash has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FirstCash to earn $8.99 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 16.9%.

FirstCash Stock Up 0.6 %

FCFS stock opened at $114.33 on Wednesday. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $107.85 and its 200 day simple moving average is $110.90. The stock has a market cap of $5.12 billion, a PE ratio of 19.95 and a beta of 0.67. FirstCash has a fifty-two week low of $100.24 and a fifty-two week high of $133.64.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. As a group, sell-side analysts predict that FirstCash will post 7.7 EPS for the current year.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 14.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FCFS has been the subject of a number of analyst reports. TD Cowen reduced their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Stephens initiated coverage on shares of FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price objective for the company.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.