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

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders 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 of this dividend 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% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NASDAQ FCFS traded down $3.27 during midday trading on Friday, reaching $109.15. 273,676 shares of the stock traded hands, compared to its average volume of 226,739. The company’s 50 day moving average is $107.25 and its 200 day moving average is $110.78. FirstCash has a one year low of $100.24 and a one year high of $133.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The stock has a market capitalization of $4.88 billion, a PE ratio of 20.21 and a beta of 0.66.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. On average, equities research analysts anticipate that FirstCash will post 6.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FCFS has been the topic of several analyst reports. TD Cowen reduced their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stephens initiated coverage on FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price on the stock.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was 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 trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.77% of the stock is owned by insiders.

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.