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

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Thursday, October 24th, Zacks 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 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% annually 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 Down 7.2 %

Shares of NASDAQ:FCFS opened at $102.26 on Friday. FirstCash has a 1 year low of $100.39 and a 1 year high of $133.64. The firm’s 50-day moving average is $115.50 and its two-hundred day moving average is $114.91. The firm has a market capitalization of $4.65 billion, a PE ratio of 19.93 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.58 by $0.09. The firm 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.56 EPS. Analysts predict that FirstCash will post 6.52 EPS for the current year.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 600 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $120.07, for a total transaction of $72,042.00. Following the completion of the sale, the director now owns 4,735,243 shares in the company, valued at $568,560,627.01. The trade was 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 the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated 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 owns 90,715 shares in the company, valued at approximately $9,722,833.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas Richard Rippel sold 600 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $120.07, for a total value of $72,042.00. Following the transaction, the director now directly owns 4,735,243 shares of the company’s stock, valued at approximately $568,560,627.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,154 shares of company stock valued at $1,912,562 over the last quarter. 14.77% of the stock is owned by insiders.

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.