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

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Investors 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 annualized dividend and a dividend yield of 1.49%. The ex-dividend date 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. Research analysts expect FirstCash to earn $7.80 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 Performance

FirstCash stock opened at $102.26 on Friday. The firm has a fifty day simple moving average of $115.50 and a two-hundred day simple moving average of $114.91. FirstCash has a twelve month low of $100.39 and a twelve month high of $133.64. The company has a market capitalization of $4.65 billion, a PE ratio of 19.93 and a beta of 0.62. The company has a quick ratio of 3.04, a current ratio of 4.03 and a debt-to-equity ratio of 0.85.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.09. The company had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. FirstCash’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.56 EPS. Research analysts expect that FirstCash will post 6.52 EPS for the current year.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at $9,722,833.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Douglas Richard Rippel sold 7,316 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $119.98, for a total value of $877,773.68. Following the sale, the director now directly owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $9,722,833.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,154 shares of company stock worth $1,912,562. 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.