Q1 2018 Earnings Forecast for FirstCash Inc Issued By Wedbush (FCFS)

FirstCash Inc (NASDAQ:FCFS) – Investment analysts at Wedbush increased their Q1 2018 EPS estimates for shares of FirstCash in a research report issued on Tuesday, Zacks Investment Research reports. Wedbush analyst H. Coffey now anticipates that the credit services provider will earn $0.70 per share for the quarter, up from their prior estimate of $0.65. Wedbush currently has a “Outperform” rating and a $55.00 price target on the stock. Wedbush also issued estimates for FirstCash’s Q3 2018 earnings at $0.95 EPS.

Several other research analysts have also recently weighed in on the stock. TheStreet raised shares of FirstCash from a “c+” rating to a “b” rating in a research report on Monday. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price target on shares of FirstCash in a research report on Friday, April 7th. Zacks Investment Research raised shares of FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. JMP Securities lowered their price target on shares of FirstCash from $57.00 to $52.00 and set a “mkt outperform” rating on the stock in a research report on Friday, February 3rd. Finally, Stephens started coverage on shares of FirstCash in a research report on Thursday, January 12th. They set an “equal weight” rating and a $44.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $53.43.

Earnings History and Estimates for FirstCash (NASDAQ:FCFS)

WARNING: This news story was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.chaffeybreeze.com/2017/04/21/q1-2018-earnings-forecast-for-firstcash-inc-issued-by-wedbush-fcfs-updated.html.

Shares of FirstCash (NASDAQ:FCFS) traded up 0.30% during trading on Wednesday, hitting $50.30. 102,257 shares of the company traded hands. The company has a 50 day moving average price of $46.35 and a 200 day moving average price of $46.03. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 29.28 and a beta of 0.90. FirstCash has a 52 week low of $39.80 and a 52 week high of $53.29.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, February 2nd. The credit services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. The company had revenue of $462.04 million for the quarter, compared to analysts’ expectations of $451.64 million. During the same quarter in the prior year, the firm earned $0.69 EPS. FirstCash’s quarterly revenue was up 141.4% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors boosted its position in FirstCash by 83.4% in the third quarter. BlackRock Fund Advisors now owns 3,354,858 shares of the credit services provider’s stock worth $157,947,000 after buying an additional 1,525,120 shares during the last quarter. JPMorgan Chase & Co. boosted its position in FirstCash by 158.9% in the third quarter. JPMorgan Chase & Co. now owns 1,550,538 shares of the credit services provider’s stock worth $73,000,000 after buying an additional 951,670 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in FirstCash by 79.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,285,473 shares of the credit services provider’s stock worth $60,520,000 after buying an additional 568,312 shares during the last quarter. Norges Bank bought a new position in FirstCash during the fourth quarter worth approximately $24,894,000. Finally, New York State Common Retirement Fund boosted its position in FirstCash by 1,231.7% in the third quarter. New York State Common Retirement Fund now owns 386,193 shares of the credit services provider’s stock worth $18,182,000 after buying an additional 357,193 shares during the last quarter.

About FirstCash

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.

5 Day Chart for NASDAQ:FCFS

Get a free copy of the Zacks research report on FirstCash (FCFS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for FirstCash Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply