Zacks Investment Research Lowers Ezcorp Inc. (EZPW) to Hold
Ezcorp Inc. (NASDAQ:EZPW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. “
EZPW has been the topic of several other reports. Jefferies Group restated a “hold” rating and set a $9.00 target price on shares of Ezcorp in a research report on Thursday, August 4th. CL King upgraded shares of Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 target price on the stock in a research report on Wednesday, August 17th. Finally, Wells Fargo & Co. upgraded shares of Ezcorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Ezcorp currently has an average rating of “Hold” and a consensus target price of $11.08.
Ezcorp (NASDAQ:EZPW) traded down 0.38% during midday trading on Tuesday, reaching $10.61. 256,844 shares of the company traded hands. The company’s 50-day moving average price is $10.29 and its 200 day moving average price is $7.64. Ezcorp has a 12 month low of $2.44 and a 12 month high of $11.33. The firm’s market capitalization is $572.74 million.
Ezcorp (NASDAQ:EZPW) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Ezcorp had a negative net margin of 23.29% and a negative return on equity of 3.34%. On average, equities analysts anticipate that Ezcorp will post ($1.57) earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Ezcorp by 295.2% in the second quarter. BlackRock Inc. now owns 14,433 shares of the company’s stock valued at $110,000 after buying an additional 10,781 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Ezcorp by 70.6% in the second quarter. BNP Paribas Arbitrage SA now owns 16,631 shares of the company’s stock valued at $126,000 after buying an additional 6,885 shares in the last quarter. Profund Advisors LLC raised its stake in Ezcorp by 2.2% in the second quarter. Profund Advisors LLC now owns 16,790 shares of the company’s stock valued at $127,000 after buying an additional 356 shares in the last quarter. Jefferies Group LLC acquired a new stake in Ezcorp during the second quarter valued at approximately $128,000. Finally, Sigma Planning Corp raised its stake in Ezcorp by 35.5% in the second quarter. Sigma Planning Corp now owns 19,845 shares of the company’s stock valued at $150,000 after buying an additional 5,200 shares in the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and jewelry, and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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