FirstCash Holdings, Inc. (FCFS) to Issue Quarterly Dividend of $0.38 on November 27th

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.38 per share on Wednesday, November 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, November 15th.

FirstCash has raised its dividend payment by an average of 8.0% per year over the last three years. FirstCash has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FirstCash to earn $7.79 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 19.5%.

FirstCash Price Performance

FCFS stock opened at $107.93 on Wednesday. The stock has a market capitalization of $4.83 billion, a PE ratio of 19.99 and a beta of 0.64. The company’s 50-day moving average is $112.60 and its 200-day moving average is $112.79. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. FirstCash has a 1 year low of $101.62 and a 1 year high of $133.64.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.56 EPS. Equities research analysts expect that FirstCash will post 6.61 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other FirstCash news, Director Douglas Richard Rippel sold 7,316 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $119.98, for a total value of $877,773.68. Following the completion of the sale, the director now owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This trade represents 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 $1,909,562 in the last quarter. Insiders own 14.77% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Cowen cut their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report 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.