Firstcash Holdings Inc (NASDAQ:FCFS) reported upbeat earnings for the first quarter on Thursday.

The company posted quarterly earnings of $2.69 per share which beat the analyst consensus estimate of $2.31 per share. The company reported quarterly sales of $1.052 billion which beat the analyst consensus estimate of $1.003 billion.

Mr. Rick Wessel, chief executive officer, said, “FirstCash is pleased to report its first quarter results highlighted by record revenue, net income and earnings per share. Consolidated revenues again exceeded $1 billion for the quarter, representing an increase of 26% over the first quarter of last year. Resulting net income and adjusted EBITDA both increased 29%, while fully diluted earnings per share increased an impressive 30%.”

FirstCash shares gained 4.1% to trade at $220.98 on Friday.

These analysts made changes to their price targets on FirstCash following earnings announcement.

  • Canaccord Genuity analyst Brian McNamara maintained FirstCash with a Buy and raised the price target from $242 to $252.
  • TD Cowen analyst Moshe Orenbuch maintained the stock with a Buy and raised the price target from $205 to $235.

Considering buying FCFS stock? Here’s what analysts think:

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