FirstCash (FCFS) Earning Somewhat Positive News Coverage, Study Shows

Headlines about FirstCash (NASDAQ:FCFS) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FirstCash earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the credit services provider an impact score of 46.4681280860925 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s analysis:

A number of equities analysts recently commented on the stock. JMP Securities lifted their target price on shares of FirstCash and gave the stock an “outperform” rating in a research report on Friday, July 28th. BidaskClub lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. CL King lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Janney Montgomery Scott lowered shares of FirstCash from a “buy” rating to a “neutral” rating and cut their price target for the stock from $58.55 to $58.00 in a report on Monday, July 17th. Finally, Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. FirstCash has an average rating of “Buy” and an average target price of $57.86.

Shares of FirstCash (NASDAQ:FCFS) traded down 0.45% during midday trading on Friday, reaching $58.15. 193,151 shares of the company’s stock were exchanged. FirstCash has a 12-month low of $39.80 and a 12-month high of $60.75. The stock has a market cap of $2.77 billion, a PE ratio of 31.48 and a beta of 0.90. The stock’s 50 day moving average is $58.25 and its 200-day moving average is $51.13.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 8.92%. The business had revenue of $416.60 million for the quarter, compared to the consensus estimate of $410.65 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 128.9% on a year-over-year basis. On average, equities analysts expect that FirstCash will post $2.66 EPS for the current year.

FirstCash announced that its Board of Directors has authorized a stock buyback plan on Monday, May 15th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, August 11th. FirstCash’s dividend payout ratio is currently 25.38%.

In other news, CFO R Douglas Orr sold 7,500 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $55.00, for a total value of $412,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.

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FirstCash Company Profile

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

Insider Buying and Selling by Quarter for FirstCash (NASDAQ:FCFS)

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