Jefferies maintains a 'Buy' on First Cash Financial (FCFS); Uniquely Positioned as Best-in-Class in Mexico

Jefferies maintains a 'Buy' on First Cash Financial (NASDAQ: FCFS) price target of $48.00 (from $45.00).

Analyst, Daniel Furtado, said, "Despite headwinds from a stronger dollar, 2Q12 results were in line with expecations...The company noted consolidated same store revenue growth (constant currency) of 6%, largely driven by strong growth in pawn loans and merchandise sales...Total Y/Y revenue growth (constant currency) for the Mexico business was 22%, largely driven by a 29% Y/Y increase in pawn fees and a 25% Y/Y increase in merchandise sales."

FY12 EPS estimate raised from $2.69 to $2.70 and FY13 from $3.20 to $3.24.

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 $41.98 yesterday.

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