FirstCash (NASDAQ:FCFS) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

FirstCash (NASDAQ:FCFS) released its earnings results on Thursday. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10, Zacks reports. FirstCash had a net margin of 7.29% and a return on equity of 14.97%.

FirstCash Price Performance

FCFS stock opened at $112.42 on Friday. The company has a market capitalization of $5.03 billion, a P/E ratio of 20.82 and a beta of 0.66. FirstCash has a 52-week low of $100.24 and a 52-week high of $133.64. The business has a 50-day simple moving average of $107.07 and a two-hundred day simple moving average of $110.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31.

Analyst Upgrades and Downgrades

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

Insider Activity

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 14.77% of the company’s stock.

FirstCash Company Profile

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.