FirstCash Increases Guidance on Historic Earnings and Announces New Share Repurchase Program

On April 26, FirstCash Inc. (FCFS) reported its strongest quarterly earnings in the history of the company. The company reported record revenue, earnings, and net income. As a result, FirstCash increased its annual EPS guidance by $0.20 per share. The Board of Directors authorized a $0.22 quarterly cash dividend and established a new $100 million stock repurchase program.

 

Sonal alerted its subscribers about the event at 6:00 am. The next trade took place at the market open for $81.50. The stock price held a small gain on the day of the event but continued to rise over the next five trading sessions. The stock closed at $88.90 on May 3 for a gain of 9%.

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