First Cash Financial stock hits 52-week high at $130.53

First Cash Financial Services, Inc. (NASDAQ:FCFS) stock has reached a notable milestone, hitting a 52-week high of $130.53, with the current price at $132.62. InvestingPro analysis shows the company maintains a "GREAT" financial health score of 3.01, supported by strong fundamentals. This peak reflects a significant uptrend for the company, with impressive gains of 18.85% over the past six months and 16.89% year-to-date. Investors have shown growing confidence in First Cash Financial’s performance, as evidenced by the stock’s steady climb to this new high-water mark. With a market capitalization of $5.7 billion and a P/E ratio of 20.46, the 52-week high serves as a testament to the company’s resilience and potential for growth in a competitive financial services market. InvestingPro subscribers can access additional insights, including 6 more exclusive ProTips about FCFS’s financial strength and dividend history.

In other recent news, FirstCash Holdings, Inc. reported first-quarter earnings that surpassed analyst expectations, driven by strong demand for pawn loans and enhanced performance in its retail point-of-sale payment solutions segment. The company posted adjusted earnings per share of $2.07, exceeding the consensus estimate of $1.73. Revenue was reported at $836.4 million, slightly above the expected $835.4 million and consistent with the same quarter last year. FirstCash experienced robust growth in pawn loan demand, with same-store pawn receivables rising 13% in the U.S. and 14% in Latin America, marking the seventh consecutive quarter of double-digit growth in the U.S. segment. The U.S. pawn segment’s pre-tax operating income increased 17% year-over-year to $113 million, while in Latin America, it rose 13% on a constant currency basis. The retail POS payment solutions segment also showed significant improvement, with pre-tax operating income jumping 58% to $52 million, attributed to better gross margins and reduced operating expenses. FirstCash expanded its operations by opening 12 new pawn locations through acquisitions and new store openings across four countries, bringing the total to 3,023 pawn stores as of March 31. The company has raised its full-year earnings outlook for the retail POS payment solutions segment and anticipates continued growth in 2025 through increasing earning asset balances and further store additions.

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