Jefferies Maintains a 'Buy' on First Cash Financial (FCFS); Mexican Operations Improving

Jefferies maintains a 'Buy' on First Cash Financial (NASDAQ: FCFS) price target raised from $42 to $45.

Analyst, Daniel Furtado, said, "FCFS reported EPS of $0.58, ahead of both consensus estimates of $0.55 and JEF estimates of $0.46. Lower expenses mainly drove the beat as revenues were light of consensus estimates. Although results out of Mexico were mixed, pawn growth in Mexico should support expansion in pawn fees in the coming quarters."

Lowers FY12 EPS estimate from $2.74 to $2.73, but raises FY13 from $3.18 to $3.20.

For an analyst ratings summary and ratings history on First Cash Financial click here. For more ratings news on First Cash Financial click here.

Shares of First Cash Financial closed at $39.70 yesterday.

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