FirstCash (NASDAQ:FCFS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

FirstCash (NASDAQ:FCFS) announced its quarterly earnings data on Thursday. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.05, Briefing.com reports. 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 company posted $1.56 EPS. The business’s revenue was up 6.5% compared to the same quarter last year.

FirstCash Price Performance

Shares of NASDAQ FCFS traded down $3.75 during trading on Thursday, hitting $106.39. The company had a trading volume of 23,395 shares, compared to its average volume of 240,431. The company has a market cap of $4.84 billion, a P/E ratio of 21.47 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. The business’s 50-day moving average is $115.99 and its 200 day moving average is $115.03. FirstCash has a 52 week low of $100.39 and a 52 week high of $133.64.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $9,722,833.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other FirstCash news, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction that occurred 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 transaction, the director now directly owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock worth $1,912,562 in the last three months. 14.77% of the stock is currently owned by 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.