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

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.38 per share on Wednesday, November 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, November 15th.

FirstCash has increased its dividend by an average of 8.0% annually over the last three years. FirstCash has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstCash to earn $7.80 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 19.5%.

FirstCash Stock Performance

NASDAQ FCFS opened at $102.26 on Friday. The company has a market capitalization of $4.65 billion, a PE ratio of 19.93 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.04 and a current ratio of 4.03. FirstCash has a 52-week low of $100.39 and a 52-week high of $133.64. The company has a 50-day simple moving average of $115.50 and a 200 day simple moving average of $114.91.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.09. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The company had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. During the same quarter in the previous year, the firm posted $1.56 EPS. FirstCash’s revenue was up 6.5% on a year-over-year basis. On average, research analysts predict that FirstCash will post 6.52 EPS for the current year.

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at approximately $9,722,833.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Richard Rippel sold 7,316 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68. Following the sale, the director now directly owns 4,735,843 shares in the company, valued at $568,206,443.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,154 shares of company stock worth $1,912,562 over the last ninety days. 14.77% of the stock is currently owned by company insiders.

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.