According to Zacks, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan. “
Other equities analysts also recently issued reports about the company. ValuEngine raised EZCORP from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. BidaskClub downgraded EZCORP from a sell rating to a strong sell rating in a research note on Thursday, October 3rd. TheStreet downgraded EZCORP from a b- rating to a c rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group downgraded EZCORP from a buy rating to a hold rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $12.50.
EZCORP stock opened at $5.75 on Wednesday. EZCORP has a twelve month low of $5.32 and a twelve month high of $11.25. The stock has a 50 day moving average of $7.28 and a two-hundred day moving average of $8.97. The company has a current ratio of 8.07, a quick ratio of 5.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $307.17 million, a price-to-earnings ratio of 6.30 and a beta of 1.74.
EZCORP (NASDAQ:EZPW) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. EZCORP had a return on equity of 6.52% and a net margin of 0.26%. The company had revenue of $206.92 million during the quarter, compared to analysts’ expectations of $216.17 million. During the same period last year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts predict that EZCORP will post 0.87 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EZPW. Renaissance Technologies LLC increased its stake in EZCORP by 44.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,794,921 shares of the credit services provider’s stock valued at $16,998,000 after purchasing an additional 554,121 shares in the last quarter. Hancock Whitney Corp increased its stake in EZCORP by 1,652.8% in the 2nd quarter. Hancock Whitney Corp now owns 480,134 shares of the credit services provider’s stock valued at $4,547,000 after purchasing an additional 452,741 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in EZCORP in the 2nd quarter valued at approximately $1,893,000. Stephens Investment Management Group LLC increased its stake in EZCORP by 8.3% in the 2nd quarter. Stephens Investment Management Group LLC now owns 2,018,845 shares of the credit services provider’s stock valued at $19,118,000 after purchasing an additional 155,559 shares in the last quarter. Finally, Invesco Ltd. increased its stake in EZCORP by 49.8% in the 2nd quarter. Invesco Ltd. now owns 342,048 shares of the credit services provider’s stock valued at $3,239,000 after purchasing an additional 113,685 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
EZCORP Company Profile
EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.
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