Somewhat Critical News Coverage Unlikely to Affect FirstCash (FCFS) Stock Price
Media headlines about FirstCash (NASDAQ:FCFS) have trended somewhat negative recently, Alpha One Sentiment Analysis reports. The research firm, a service of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FirstCash earned a daily sentiment score of -0.05 on Alpha One’s scale. Alpha One also gave media stories about the credit services provider an impact score of 38 out of 100, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the near term.
A number of analysts have recently weighed in on FCFS shares. TheStreet raised FirstCash from a “c+” rating to a “b” rating in a research report on Monday. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of FirstCash in a research report on Friday, April 7th. Stephens started coverage on FirstCash in a research report on Thursday, January 12th. They set an “equal weight” rating and a $44.00 price objective on the stock. Zacks Investment Research raised FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. Finally, JMP Securities cut their price objective on FirstCash from $57.00 to $52.00 and set a “mkt outperform” rating on the stock in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $53.43.
FirstCash (NASDAQ:FCFS) traded down 0.10% during trading on Friday, reaching $50.10. 207,146 shares of the company’s stock traded hands. The stock has a market capitalization of $2.42 billion, a P/E ratio of 29.16 and a beta of 0.90. The stock has a 50-day moving average price of $46.35 and a 200 day moving average price of $46.03. FirstCash has a 1-year low of $39.80 and a 1-year high of $53.29.
FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, February 2nd. The credit services provider reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The business earned $462.04 million during the quarter, compared to analyst estimates of $451.64 million. During the same period last year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 141.4% on a year-over-year basis. Equities research analysts expect that FirstCash will post $2.53 earnings per share for the current year.
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FirstCash Company Profile
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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