First Cash Financial Services Inc (FCFS) is Initiated by Wedbush to Outperform, Price Target at $58

First Cash Financial Services Inc (FCFS) was Initiated by Wedbush to “Outperform” and the brokerage firm has set the Price Target at $58. Wedbush advised their investors in a research report released on Oct 11, 2016.

Many Wall Street Analysts have commented on First Cash Financial Services Inc. Jefferies Resumed First Cash Financial Services Inc on Sep 2, 2016 to “Buy”, Price Target of the shares are set at $60.

On the company’s financial health, First Cash Financial Services Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.47. The company had revenue of $181.98 million for the quarter, 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.

First Cash Financial Services Inc opened for trading at $46.69 and hit $47.41 on the upside on Friday, eventually ending the session at $47.3, with a gain of 1.42% or 0.66 points. The heightened volatility saw the trading volume jump to 2,32,849 shares. Company has a market cap of $1,336 M.

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.

First Cash Financial Services Inc

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