First Cash Financial Services Inc(NASDAQ:FCFS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $181.98M. Analysts estimated a revenue of $178.69M. Earnings per share were $0.51. Analysts had estimated an EPS of $0.49.
In a different note, On Jun 3, 2016, Sterne Agee CRT said it Upgrades its rating on First Cash Financial Services Inc. The shares have been rated ‘Buy’ by the firm.
First Cash Financial Services Inc (FCFS) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.08% at a volume of 87,942. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $51.31. The peak price level was also seen at $51.31 while the days lowest was $50.62. Finally the shares closed at $50.81. The 52-week high of the shares is $53.6699 while the 52-week low is $29.635. According to the latest information available, the market cap of the company is $1,435 M.
Several Insider Transactions has been reported to the SEC. On Dec 16, 2015, Raul Ramos (SVP Latin American Operations) sold 30,000 shares at $37.66 per share price.Also, 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.