FirstCash, Inc. (NASDAQ:FCFS) is reporting third quarter financial results on Wednesday 21st October 2020, before market open.
According to analysts surveyed by Thomson Reuters, FCFS is expected to report 3Q20 income of $ 0.49 per share from revenue of $ 384.54 million.
For the full year, analysts anticipate top line of $ 1709.29 million, while looking forward to income of $ 2.87 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.32 ~ $ 4.51 per share
Click Here For More Historical Outlooks Of FirstCash, Inc.
Previous Quarter Performance
FirstCash, Inc. posted income for the second quarter of $ 0.62 per share, from the revenue of $ 412.75 million, On adjusted basis, FCFS reported income for the quarter of $ 0.62 per share. The quarterly earnings down 18.42 percent while revenues contracted 7.46 percent compared with the same quarter last year. Wall street analysts are predicting, FCFS to report 2Q20 income of $ 0.58 per share from revenue of $ 437.16 million. The bottom line results beat street analysts by $ 0.04 or 6.90 percent, at the same time, top line results fell short of analysts by $ 24.41 million or 5.58 percent.
Stock Performance
Shares of FirstCash, Inc. traded up $ 0.67 or 1.12 percent on Tuesday, reaching $ 60.72 with volume of 341.60 thousand shares. FirstCash, Inc. has traded high as $ 61.79 and has cracked $ 60.52 on the downward trend
The closing price of $ 60.72, representing a 8.75 % increase from the 52 week low of $ 55.22 and a 37.71 % decrease over the 52 week high of $ 96.41.
The company has a market capital of $ 2.52 billion and is part of the Financial Services sector and Credit Services industry.
Recent Analyst recommendations
- On 3rd September 2020, upgraded by Credit Suisse Group to Outperform from Neutral rating, with $ 74.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized 2Q20 dividend of $ 0.27 per share on July 22, 2020. The dividend were payable on August 28, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
FirstCash, Inc., together with its subsidiaries, operates retail pawn stores in the United States and Latin America. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, tools, household 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. The company is also involved in melting scrap jewelry, as well as sells the gold, silver, and diamonds in commodity markets.
