EZCORP Inc (EZPW) Receives $13.00 Average PT from Analysts
EZCORP Inc (NASDAQ:EZPW) has received an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.00.
Several brokerages have recently weighed in on EZPW. Zacks Investment Research raised shares of EZCORP from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Friday. BidaskClub lowered shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 9th. ValuEngine raised shares of EZCORP from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Jefferies Group reissued a “buy” rating and issued a $13.00 price objective on shares of EZCORP in a research report on Friday, November 17th.
Several institutional investors and hedge funds have recently modified their holdings of EZPW. Acadian Asset Management LLC grew its stake in shares of EZCORP by 21.5% in the fourth quarter. Acadian Asset Management LLC now owns 265,975 shares of the credit services provider’s stock valued at $3,245,000 after acquiring an additional 47,098 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of EZCORP by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 557,482 shares of the credit services provider’s stock valued at $6,802,000 after acquiring an additional 16,502 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of EZCORP by 131.4% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 297,494 shares of the credit services provider’s stock valued at $2,826,000 after acquiring an additional 168,921 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of EZCORP by 9.1% in the third quarter. California Public Employees Retirement System now owns 364,695 shares of the credit services provider’s stock valued at $3,465,000 after acquiring an additional 30,295 shares in the last quarter. Finally, Mangrove Partners acquired a new position in shares of EZCORP in the third quarter valued at about $3,236,000. 92.61% of the stock is currently owned by institutional investors.
EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The company had revenue of $182.07 million for the quarter, compared to analyst estimates of $188.84 million. EZCORP had a net margin of 4.26% and a return on equity of 5.40%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) earnings per share. sell-side analysts expect that EZCORP will post 0.84 EPS for the current fiscal year.
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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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