FirstCash Holdings Q4 Adj. EPS Tops Estimates, But Revenues Miss
(RTTNews) - FirstCash Holdings, Inc. (FCFS) reported Thursday that net income for the fourth quarter decreased to $69.59 million or $1.53 per share from $80.07 million or $1.72 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $2.04 per share, compared to $1.65 per share in the year-ago quarter.
Total revenues for the quarter grew 14 percent to $852.13 million from $749.34 million in the same quarter last year.
On average, five analysts polled by Thomson Reuters were expecting the company to report earnings of $1.79 per share in revenues of $853.35 million for the quarter. Analysts typically exclude one-time items.
The Company said its outlook for 2024 is highly positive, with expected year-over-year growth in revenue and earnings in all segments driven by the continued growth in earning asset balances coupled with recent store additions.
The Board of Directors declared a $0.35 per share first quarter cash dividend, which will be paid on February 28, 2024 to stockholders of record as of February 14, 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
European Stocks Close Lower On Geopolitical Tensions
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
Chicago Business Barometer Slumps Much More Than Expected In August
U.S. Consumer Prices Increase In Line With Estimates In July
German Unemployment Exceeds 3 Mln
U.S. PCE Price Index Increased In Line With Estimates In July
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
