EZCORP, Inc. (EZPW) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of EZCORP, Inc. (NASDAQ:EZPW) from a hold rating to a buy rating in a report released on Friday. They currently have $10.00 price target on the credit services provider’s stock.
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 a number of other research reports. Jefferies Group LLC reiterated a buy rating on shares of EZCORP in a research note on Thursday. BidaskClub lowered shares of EZCORP from a hold rating to a sell rating in a research note on Thursday, July 13th. Sidoti started coverage on shares of EZCORP in a research note on Thursday, August 10th. They set a neutral rating on the stock. Finally, TheStreet upgraded shares of EZCORP from a d+ rating to a c- rating in a research note on Friday, May 19th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $9.50.
EZCORP (EZPW) opened at 9.20 on Friday. EZCORP has a 52 week low of $7.55 and a 52 week high of $12.00. The firm has a market capitalization of $499.52 million, a P/E ratio of 21.20 and a beta of 1.95. The stock has a 50 day moving average price of $8.72 and a 200-day moving average price of $8.57.
EZCORP (NASDAQ:EZPW) last posted its quarterly earnings results on Monday, July 31st. The credit services provider reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. EZCORP had a net margin of 3.16% and a return on equity of 3.65%. The business had revenue of $183.60 million during the quarter, compared to analysts’ expectations of $182.10 million. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts anticipate that EZCORP will post $0.54 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund raised its stake in shares of EZCORP by 0.8% during the second quarter. Texas Permanent School Fund now owns 35,597 shares of the credit services provider’s stock valued at $274,000 after purchasing an additional 297 shares during the period. Wellington Management Group LLP raised its stake in shares of EZCORP by 2.2% during the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock valued at $113,000 after purchasing an additional 300 shares during the period. Prudential Financial Inc. raised its stake in shares of EZCORP by 0.4% during the first quarter. Prudential Financial Inc. now owns 83,046 shares of the credit services provider’s stock valued at $677,000 after purchasing an additional 310 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of EZCORP by 2.1% during the first quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the credit services provider’s stock valued at $162,000 after purchasing an additional 400 shares during the period. Finally, Sigma Planning Corp raised its stake in shares of EZCORP by 2.2% during the second quarter. Sigma Planning Corp now owns 20,520 shares of the credit services provider’s stock valued at $158,000 after purchasing an additional 450 shares during the period. Institutional investors own 89.43% 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 three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & 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, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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