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FirstCash, Inc. (FCFS)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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60.72+0.67 (+1.12%)
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Commodity Channel Index

Commodity Channel Index

Previous Close60.05
Open60.55
Bid0.00 x 1400
Ask0.00 x 900
Day's Range60.52 - 61.79
52 Week Range55.22 - 95.72
Volume341,644
Avg. Volume293,210
Market Cap2.516B
Beta (5Y Monthly)0.50
PE Ratio (TTM)17.39
EPS (TTM)3.49
Earnings DateOct 21, 2020
Forward Dividend & Yield1.08 (1.80%)
Ex-Dividend DateAug 13, 2020
1y Target Est76.08
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    3 “Strong Buy” Stocks Trading at Rock-Bottom Prices

    Whether markets move up or down, every investor loves a bargain. There’s a thrill in finding a valuable stock at low, low price – and then watching it appreciate in the mid- to long-term. Portfolio growth of that sort is one of the reasons we’re all in the investing game to begin with.So, how are investors supposed to distinguish between the names poised to get back on their feet and those set to remain down in the dumps? That’s what the pros on Wall Street are here for.Using TipRanks’ database, we pinpointed three beaten-down stocks the analysts believe are gearing up for a rebound. Despite the hefty losses incurred so far in 2020, the three tickers have scored enough praise from the Street to earn a “Strong Buy” consensus rating. Scorpio Tanker (STNG)We’ll start in the ocean-going tanker sector, a major component of the global trade network, transporting the fuel that propels the world’s economy. The industry faces systemic headwinds in the form of unavoidable high costs and low margins, and has been buffeted by low demand and short storage space during the coronavirus crisis.The general difficulties facing the tanker segment have pushed Scorpio’s stock price down 72% this year. Scorpio is a small-cap fuel carrier, operating a fleet of 128 owned tankers supplemented by another 10 chartered vessels. The company’s ships include 21 Handymax and 59 MR tankers, along with numerous LR1 and LR2 vessels. Scorpio’s fleet operates world-wide.While the tanker industry has felt heavy headwinds recently, Scorpio has managed to weather them. The company has a build-in advantage of operating the smallest sized tankers (Handymax) in the global fleet, allowing it access to smaller ports and facilities than competitors dependent on larger vessels. STNG’s 1H20 performance has outperformed its industry, and shown sequential gains in both Q1 and Q2 for revenues and earnings. The second quarter top line came in at $346 million, with $2.40 EPS.Covering this stock for Deutsche Bank, analyst Amit Mehrotra writes, “STNG’s financial position should be fine given new liquidity- with $82M expected in the coming weeks/months, mostly from sale and leaseback transactions… having cash to burn is an important consideration when assessing risk, and in this case STNG remains comfortably positioned in our view. From a stock standpoint, while we understand the lackluster performance of shares in the context of current rates and relative risk profile… we see more than enough liquidity levers outside of new equity…”In-line with his view of STNG’s liquidity position, Mehrotra rates the stock a Buy. His $27 price target implies a robust upside of 153% for the coming year. (To watch Mehrotra’s track record, click here)Overall, the Strong Buy analyst consensus rating here is unanimous, based on 4 recent Buy reviews. Scorpio Tanker is currently trading at $10.69, and its $28.75 average price target suggests a one-year upside of 168%. (See STNG stock analysis on TipRanks)International Seaways (INSW)Next on our list is another small-cap tanker firm, International Seaways. This company operates a fleet of 39 vessels, ranging from Suezmax and Panamax ships – the largest that can transit their eponymous canals – to the giant VLCC tankers weighing up to 250,000 tons. The company’s fleet also includes the smaller MR and LR1 tankers.INSW has been able to leverage its varied fleet to generate positive revenues and earnings, even in the difficult environment imposed by the coronavirus pandemic. The top line in the past two quarters rose from $125 million to $139 million, and EPS grew from $1.49 to $2.39.Despite the generally positive revenues and earnings, however, INSW shares have lost value. The stock peaked for the year in early January, but has since fallen by 48%. Liam Burke, of B. Riley FBR, notes that INSW has seen a 100% year-over-year gain in time charter equivalent revenue, a positive marker that comes as the company has been able to take advantage of the need for floating oil storage. “The company saw continued strength in 2Q20 following a strong 1Q20 on demand for both crude and refined petroleum product floating storage. For the first half of 2020, strong spot rate drove healthy generation net cash from operating activities of $127.7 million, compared to $43.8 million a year ago. In a very volatile spot market, we believe the combination of INSW's opportunistically time chartering vessels and operating a diversified fleet enables the company to capture value in both crude oil and refined products,” Burke opined.Burke sets a $35 price target on International Seaways’ shares, indicating a potential for impressive growth – up to 131% in the next year. This outlook supports his Buy rating. (To watch Burke’s track record, click here)Overall, INSW has 4 recent reviews, including 3 Buys and 1 Hold, making its analyst consensus view a Strong Buy. The $30.25 average price target suggests the stock has a 99% upside potential from its share price of $15.15. (See INSW stock analysis on TipRanks)FirstCash, Inc. (FCFS)The last stock on our list inhabits a unique business niche, in the world of pawn shops. FirstCash operates a chain of pawn shops in the US and Latin America, with a presence in 24 US states as well as Mexico, Guatemala, El Salvador, and Colombia. The company provides financing services to customers with severe cash and credit constraints, using pledges of personal property to secure consumer pawn loans.The general decline in consumer activity – and the concerted government push to provide extended unemployment assistance and special ‘one-time’ stimulus benefits – put a damper on FirstCash’s business in 1H20. The effect was particularly noticeable coming off a high 4Q19. FCFS typically sees more business traffic in the fourth quarter, which encompasses the holiday season. The contrast between a strong Q4 and the difficult ‘corona half’ was marked.In 1H20, FirstCash saw revenues fall to $466 million in Q1 and $412 million Q2. The EPS drop was steeper; earnings slipped 35% from 96 cents in Q1 to 62 cents in Q2. The company’s shares have been falling off, as well. The market swoon of late February inaugurated a period of high volatility for FCFS, which has left the stock down 26% year-to-date.Alonso Garcia, of Credit Suisse, describes the current valuation as “attractive,” however, and adds, “The defensive nature of FCFS’ business model should play out in the quarters to come and deliver a gradual but consistent earnings rebound starting in 4Q20, as consumption patterns should tend to normalize as economies re-open and as demand for pawns pick up once the effect of the strong fiscal stimulus in the US is left behind and the effects of the deteriorated macro backdrop post-pandemic kick in.”Garcia gives FCFS an Outperform (i.e. Buy) rating, along with a $74 price target, implying a 25% upside potential. (To watch Garcia’s track record, click here)All in all, FirstCash has a Strong Buy analyst consensus rating based on 3 Buys and 1 Hold. 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  • GlobeNewswire

    FirstCash Announces Upsize and Pricing of $500 Million Senior Notes Due 2028

    FORT WORTH, Texas, Aug. 12, 2020 (GLOBE NEWSWIRE) -- FirstCash, Inc. (the “Company”) (Nasdaq: FCFS) today announced that it has upsized and priced a private offering of $500 million in aggregate principal amount of senior notes due 2028 (the “Notes”), representing an increase of $100 million in aggregate principal amount from the previously announced proposed offering size. The Notes will pay interest semi-annually at a rate of 4.625% per annum payable on March 1 and September 1 of each year beginning on March 1, 2021. The Notes will be unsecured senior obligations of the Company. The offering of the Notes is expected to close on August 26, 2020, subject to the satisfaction of customary closing conditions. The Company intends to use the proceeds from the offering to redeem all of the $300 million aggregate principal amount of the Company’s outstanding 5.375% senior notes due 2024 and to repay a portion of the Company’s revolving unsecured credit facility with the remaining proceeds, after payment of fees and expenses related to the redemption and offering.The Notes are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or outside the United States to persons other than “U.S. persons” in reliance on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.This notice does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes, in any jurisdiction in which such offer or solicitation would be unlawful.Forward-Looking InformationThis release contains forward-looking statements, including statements about the Notes offering and the intended use of the net proceeds thereof. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of forward-looking terminology such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations and future plans. Forward-looking statements can also be identified by the fact these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties.These forward-looking statements are made to provide the public with management’s current expectations with regard to the Notes offering and the intended use of the net proceeds thereof. Although the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Such factors may include, without limitation, the Company’s ability to satisfy the conditions contained in the agreement with the initial purchasers with regard to the offering and the risks, uncertainties and regulatory developments (1) related to the COVID-19 pandemic, which include risks and uncertainties related to the current unknown duration of the COVID-19 pandemic, the impact of governmental responses that have been, and may in the future be, imposed in response to the pandemic, including stimulus programs which could adversely impact lending demand and regulations which could adversely affect the Company’s ability to continue to fully operate, potential changes in consumer behavior and shopping patterns which could impact demand for both the Company’s pawn loan and retail products, the deterioration in the economic conditions in the United States and Latin America which potentially could have an impact on discretionary consumer spending, and currency fluctuations, primarily involving the Mexican peso and (2) those discussed and described in (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and filed with the Securities and Exchange Commission (the “SEC”) on February 3, 2020, including the risks described in Part 1, Item 1A, “Risk Factors” thereof, and (ii) in the other reports filed with the SEC, including the Company’s Quarterly Report on Form 10-Q for the periods ended March 31, 2020 and June 30, 2020. Many of these risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The forward-looking statements contained in this release speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.About FirstCashFirstCash is the leading international operator of pawn stores with more than 2,700 retail pawn locations and approximately 19,000 employees in 24 U.S. states, the District of Columbia and four countries in Latin America including Mexico, Guatemala, El Salvador and Colombia. FirstCash focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small consumer pawn loans secured by pledged personal property.FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market.For further information, please contact: Gar Jackson Global IR Group Phone: (817) 886-6998 Email: gar@globalirgroup.com     Doug Orr, Executive Vice President and Chief Financial Officer Phone: (817) 258-2650 Email: investorrelations@firstcash.com Website: investors.firstcash.com