Last $48.14 USD
Change Today -0.25 / -0.52%
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

first cash finl svcs inc (FCFS) Key Developments

First Cash Financial Services Inc. Announces Management Changes

Effective January 26, 2015, First Cash Financial Services Inc. realigned its corporate legal department. Peter Watson, the current General Counsel moved to the role of Senior Vice President of Compliance and Government Relations. The Deputy General Counsel, Anna Alvarado, has assumed the role of General Counsel.

First Cash Financial Services Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

First Cash Financial Services Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenue of $111,633,000 compared to $100,192,000 a year ago. Total revenue was $202,774,000 compared to $185,203,000 for the same period a year ago. Income from continuing operations before income taxes was $36,693,000 compared to $35,815,000 for the same period a year ago. Income from continuing operations was $26,941,000 or $0.94 per diluted share compared to $25,518,000 or $0.87 per diluted share for the same period a year ago. Net income was $26,941,000 or $0.94 per diluted share compared to $24,778,000 or $0.84 per diluted share for the same period a year ago. EBITDA from continuing operations was $45,130,000 compared to $40,793,000 for the same period a year ago. For the full year, the company reported net revenue of $400,873,000 compared to $369,574,000 for the same period a year ago. Total revenue was $712,877,000 compared to $660,848,000 for the same period a year ago. Income from continuing operations before income taxes was $116,980,000 compared to $120,192,000 for the same period a year ago. Income from continuing operations was $85,438,000 or $2.94 per diluted share compared to $84,479,000 or $2.86 per diluted share for the same period a year ago. Net income was $85,166,000 or $2.93 per diluted share compared to $83,846,000 or $2.86 per diluted share for the same period a year ago. Cash flow from operating activities, including discontinued operations was $97,679,000 and purchases of property and equipment was $23,954,000 compared to cash flow from operating activities, including discontinued operations of $106,718,000 and purchases of property and equipment of $26,672,000 for the same period a year ago. EBITDA from continuing operations was $147,301,000 compared to $138,723,000 for the same period a year ago. The company's return on equity for fiscal 2014 was 19%, while its return on assets for the year was 12%. The company is initiating its fiscal full-year 2015 guidance for earnings from continuing operations to be in a range of $2.75 to $2.90 per diluted share. The guidance assumes approximately $0.20 to $0.23 of earnings per share drag, net of tax, for fiscal 2015 due to the full year impact of an assumed exchange rate of 14.6 Mexican pesos /USD for 2015, as compared to the actual rate of 13.3 in 2014. Full year earnings per share expectations are also impacted by approximately $0.18 to $0.21 per share in additional income tax expense in 2015 due to an expected increase in the effective tax rate to a normalized range of 31% to 32% for fiscal 2015, compared to 27% in 2014.

First Cash Financial Services Inc. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014

First Cash Financial Services Inc. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014 . Venue: Grand Hyatt New York, 109 East 42nd Street at Grand Central Station, New York, NY 10017, United States.

First Cash Financial Services Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Full Year 2014

First Cash Financial Services Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenue was $175.0 million compared with $173.4 million a year ago. Net revenue was $98.9 million compared with $93.98 million a year ago. Income from continuing operations before income taxes was $27.9 million compared with $29.5 million a year ago. Income from continuing operations was $19.5 million or $0.68 per diluted share compared with $23.1 million or $0.79 per diluted share a year ago. Net income was $19.5 million or $0.68 per diluted share compared with $23.1 million or $0.79 per diluted share a year ago. Earnings from continuing operations before interest, taxes, depreciation and amortization were $36.2 million compared with $34.5 million a year ago. For the nine months, the company's total revenue was $510.1 million compared with $475.6 million a year ago. Net revenue was $289.2 million compared with $269.4 million a year ago. Income from continuing operations before income taxes was $80.3 million compared with $84.4 million a year ago. Income from continuing operations was $58.5 million or $2.01 per diluted share compared with $58.96 million or $1.99 per diluted share a year ago. Net income was $58.2 million or $2.00 per diluted share compared with $59.1 million or $1.99 per diluted share a year ago. Earnings from continuing operations before interest, taxes, depreciation and amortization were $102.2 million compared with $97.9 million a year ago. As previously reported, the impact of the incremental borrowing costs from the March 2014 issuance of the company's senior unsecured notes will keep expected full year earnings at the low end of the initial guidance range of $3.00 to $3.15 per diluted share. The company anticipated income tax rate of approximately 30% to 31% for the remainder of fiscal 2014.

First Cash Financial Services Inc. Presents at UBS Global Emerging Markets One-on-One Conference, Dec-02-2014

First Cash Financial Services Inc. Presents at UBS Global Emerging Markets One-on-One Conference, Dec-02-2014 . Venue: The Westin New York Grand Central, 212 East 42nd Street at 3rd Avenue, New York, New York, United States.

 

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FCFS

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Valuation FCFS Industry Range
Price/Earnings 16.4x
Price/Sales 1.9x
Price/Book 3.1x
Price/Cash Flow 13.3x
TEV/Sales 1.5x
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