FirstCash Lifts 2017 Adj. EPS Outlook - Quick Facts

(RTTNews) - FirstCash, Inc. (FCFS) raised its 2017 full year guidance and announced that the Board of Directors declared a $0.19 per share quarterly dividend payable on May 31, 2017 to stockholders of record as of May 15, 2017.

The Company increased its fiscal full-year 2017 guidance for adjusted earnings per share to be in the range of $2.50 to $2.65. This compared to its prior adjusted annual guidance given on February 2, 2017 of $2.45 to $2.60 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $2.53 per share for fiscal year 2017. Analysts' estimates typically exclude special items.

Although the outlook for 2017 is improved by the recent strengthening of the Mexican peso, the estimated average exchange rate used in the Company's guidance is still below prior year levels. Partially offsetting the improvement in foreign currency estimates, the Company has reduced its expectations for pawn fee revenues in its domestic locations, given the lower pawn loan balances in the legacy Cash America stores entering the second quarter.

For the second quarter of 2017, the company expects adjusted earnings per share to be in the range of $0.42 to $0.47. Analysts project second-quarter earnings of $0.51 per share.