FirstCash Holdings, Inc. Plans Quarterly Dividend of $0.38 (NASDAQ:FCFS)

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, February 14th will be given 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 1.39%. The ex-dividend date is Friday, February 14th.

FirstCash has raised its dividend payment by an average of 7.7% per year over the last three years. FirstCash has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 2.9 %

FCFS stock traded down $3.27 during trading on Friday, reaching $109.15. The company had a trading volume of 273,676 shares, compared to its average volume of 226,739. FirstCash has a 52 week low of $100.24 and a 52 week high of $133.64. The company has a market cap of $4.88 billion, a P/E ratio of 20.21 and a beta of 0.66. The business has a 50 day moving average of $107.25 and a 200 day moving average of $110.78. 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 (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. As a group, sell-side analysts forecast that FirstCash will post 6.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction 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 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 14.77% of the company’s stock.

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.