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

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders 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 dividend yield of 1.39%. The ex-dividend date is Friday, February 14th.

FirstCash has raised its dividend payment by an average of 7.7% annually over the last three years. FirstCash has a payout ratio of 16.3% 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 Stock Down 2.9 %

Shares of FirstCash 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. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 20.21 and a beta of 0.66. The firm’s fifty day moving average is $107.25 and its 200-day moving average is $110.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. FirstCash has a fifty-two week low of $100.24 and a fifty-two week high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating 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%. On average, analysts anticipate that FirstCash will post 6.61 EPS for the current year.

Insiders Place Their Bets

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 value of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 14.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stephens assumed coverage on shares of FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price objective for the company. TD Cowen lowered their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

About FirstCash

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.