$446.13 Million in Sales Expected for First Cash Financial Services, Inc. (FCFS) This Quarter

Equities analysts expect First Cash Financial Services, Inc. (NYSE:FCFS) to report sales of $446.13 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Cash Financial Services’ earnings, with the highest sales estimate coming in at $457.60 million and the lowest estimate coming in at $435.16 million. First Cash Financial Services reported sales of $447.58 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.3%. The company is expected to report its next earnings report on Thursday, April 26th.

On average, analysts expect that First Cash Financial Services will report full-year sales of $446.13 million for the current year, with estimates ranging from $1.80 billion to $1.84 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.92 billion per share, with estimates ranging from $1.90 billion to $1.95 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow First Cash Financial Services.

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First Cash Financial Services (NYSE:FCFS) last posted its earnings results on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.84 by $0.10. The firm had revenue of $480.21 million for the quarter, compared to analyst estimates of $467.32 million. First Cash Financial Services had a return on equity of 8.86% and a net margin of 8.08%. First Cash Financial Services’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share.

Several brokerages have commented on FCFS. Zacks Investment Research lowered First Cash Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. ValuEngine raised First Cash Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Wedbush reissued an “outperform” rating and issued a $83.00 price objective (up from $75.00) on shares of First Cash Financial Services in a report on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $71.83.

Shares of First Cash Financial Services stock traded down $0.28 on Friday, reaching $81.67. The company’s stock had a trading volume of 239,207 shares, compared to its average volume of 249,489. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.69 and a current ratio of 6.99. First Cash Financial Services has a one year low of $44.35 and a one year high of $82.10. The firm has a market capitalization of $3,815.17, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.24 and a beta of 0.76.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.22 dividend. This is a positive change from First Cash Financial Services’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, February 13th. First Cash Financial Services’s dividend payout ratio (DPR) is presently 29.24%.

In other news, insider Thomas Brent Stuart bought 1,080 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the completion of the transaction, the insider now directly owns 8,283 shares in the company, valued at approximately $609,960.12. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO R Douglas Orr sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $73.43, for a total value of $367,150.00. Following the completion of the transaction, the chief financial officer now owns 172,000 shares in the company, valued at approximately $12,629,960. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,690 shares of company stock worth $1,866,928. 2.75% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its position in shares of First Cash Financial Services by 22.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,477 shares of the credit services provider’s stock valued at $774,000 after acquiring an additional 2,089 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of First Cash Financial Services in the third quarter valued at approximately $1,736,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of First Cash Financial Services by 55.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,234 shares of the credit services provider’s stock valued at $893,000 after acquiring an additional 4,721 shares in the last quarter. Swiss National Bank lifted its position in shares of First Cash Financial Services by 1.6% in the fourth quarter. Swiss National Bank now owns 81,412 shares of the credit services provider’s stock valued at $5,491,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Profit Investment Management LLC lifted its position in shares of First Cash Financial Services by 6.9% in the fourth quarter. Profit Investment Management LLC now owns 31,224 shares of the credit services provider’s stock valued at $2,106,000 after acquiring an additional 2,011 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

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About First Cash Financial Services

FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.

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Earnings History and Estimates for First Cash Financial Services (NYSE:FCFS)

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