FirstCash Holdings, Inc. (FCFS) to Issue Quarterly Dividend of $0.38 on February 28th

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.38 per share on Friday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, February 14th.

FirstCash has increased its dividend by an average of 7.7% annually over the last three years. FirstCash has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FirstCash to earn $8.99 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 16.9%.

FirstCash Stock Up 0.6 %

Shares of NASDAQ FCFS opened at $114.33 on Wednesday. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 19.95 and a beta of 0.67. FirstCash has a 1 year low of $100.24 and a 1 year high of $133.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The stock’s 50-day simple moving average is $107.85 and its 200-day simple moving average is $110.90.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. As a group, equities analysts anticipate that FirstCash will post 7.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the sale, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on FCFS. Stephens assumed coverage on shares of FirstCash in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 target price for the company. TD Cowen decreased their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th.

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.