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FirstCash (FCFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FORT WORTH, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), the leading international operator of more than 3,000 retail pawn stores and a leading provider of retail point-of-sale (“POS”) payment solutions, today announced that it has amended the terms of its long-term, unsecured bank credit facility to increase the size of the commitment to $700 million and extend the maturity date to August 2029.
FirstCash reported better than expected Q2 results, with revenue up 11% on strong U.S. pawn lending and better than expected margins. A tighter consumer credit environment is benefiting the core pawn business, and demand should remain strong in 2024 even though comps get tougher in the U.S. business in 2H'24. The American First Finance POS business isn't performing as well; credit quality remains solid, but I'm concerned about the very weak same-door volume trends.
Although the revenue and EPS for FirstCash (FCFS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
FirstCash Holdings (FCFS) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.22 per share a year ago.
FORT WORTH, Texas, July 25, 2024 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), the leading international operator of more than 3,000 retail pawn stores and a leading provider of retail point-of-sale (“POS”) payment solutions through American First Finance (“AFF”), today announced operating results for the three and six month periods ended June 30, 2024. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.38 per share, an increase of 9% compared to the previous quarterly dividend of $0.35 per share, to be paid in August 2024.
FirstCash (FCFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Payday loan stocks may perform strongly this summer as the US economy appears headed for a situation that could benefit companies and consumers. With historically low unemployment rates and more people receiving paychecks, the potential for an expanded base of payday loan customers remains solid, especially as interest rates are expected to decline throughout the year.
The rest of 2024 could be a breakout period for cheap Russell 2000 stocks. Thus far, the index posted a 3.6% gain since January, though it lags the S&P 500's 10% bump.
FirstCash Holdings (FCFS) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.25 per share a year ago.