First Cash Financial Services Inc (FCFS) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.47. The company posted revenue of $181.98 million in the period, compared to analysts expectations of $178.83 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
Many Wall Street Analysts have commented on First Cash Financial Services Inc. First Cash Financial Services Inc was Upgraded by Sterne Agee CRT to ” Buy” on Jun 3, 2016.
First Cash Financial Services Inc closed down -0.26 points or -0.51% at $51.02 with 1,90,543 shares getting traded on Thursday. Post opening the session at $53.18, the shares hit an intraday low of $50.85 and an intraday high of $53.18 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Dec 16, 2015, Raul Ramos (SVP Latin American Operations) sold 30,000 shares at $37.66 per share price. According to the SEC, on Dec 14, 2015, Sean Moore (SVP Store Development) sold 10,000 shares at $39.24 per share price. On Jan 26, 2015, R Douglas Orr (EVP & Chief Financial Officer) sold 13,700 shares at $55.05 per share price, according to the Form-4 filing with the securities and exchange commission.
First Cash Financial Services Inc. is an operator of retail-based pawn stores in the United States and Mexico. The Company is also involved in the purchase of secondhand goods as well as offer consumer financial services products. Its pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers. In addition some of the Company’s pawn stores offer small consumer loans or credit services products. The Company owns and operates approximately 1247 stores in the United States Mexico and Guatemala. It operates consumer finance stores in Texas and Mexico which include credit services and small unsecured consumer loans. The items the Company sells primarily consist of pre-owned consumer electronics jewelry power tools household appliances sporting goods and musical instruments.