EZCORP, Inc. (EZPW) Lowered to “Sell” at Zacks Investment Research
EZCORP, Inc. (NASDAQ:EZPW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.
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. “
A number of other analysts have also recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and set a $12.00 target price (up previously from $10.50) on shares of EZCORP in a research report on Tuesday. Sidoti began coverage on EZCORP in a research report on Thursday, August 10th. They set a “neutral” rating on the stock. Finally, BidaskClub upgraded EZCORP from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.
Shares of EZCORP (EZPW) traded down 2.53% on Thursday, reaching $9.65. The company had a trading volume of 314,568 shares. The company has a 50 day moving average of $9.46 and a 200-day moving average of $8.76. The company has a market capitalization of $523.96 million, a P/E ratio of 22.24 and a beta of 1.96. EZCORP has a 52 week low of $7.55 and a 52 week high of $12.00.
EZCORP (NASDAQ:EZPW) last posted its earnings results on Monday, July 31st. The credit services provider reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The firm had revenue of $183.60 million for the quarter, compared to analyst estimates of $182.10 million. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that EZCORP will post $0.53 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of EZCORP by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,037,375 shares of the credit services provider’s stock worth $31,088,000 after purchasing an additional 253,768 shares in the last quarter. Vanguard Group Inc. increased its position in EZCORP by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,725,298 shares of the credit services provider’s stock valued at $28,684,000 after acquiring an additional 168,983 shares during the period. Lafitte Capital Management LP increased its position in EZCORP by 8.4% in the 1st quarter. Lafitte Capital Management LP now owns 3,540,000 shares of the credit services provider’s stock valued at $28,851,000 after acquiring an additional 275,127 shares during the period. Rovida Advisors Inc. increased its position in EZCORP by 20.8% in the 2nd quarter. Rovida Advisors Inc. now owns 3,075,000 shares of the credit services provider’s stock valued at $23,524,000 after acquiring an additional 528,591 shares during the period. Finally, Huber Capital Management LLC increased its position in EZCORP by 46.2% in the 2nd quarter. Huber Capital Management LLC now owns 2,262,319 shares of the credit services provider’s stock valued at $17,420,000 after acquiring an additional 715,233 shares during the period. Institutional investors and hedge funds 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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