Zacks Investment Research upgraded shares of EZCORP (NASDAQ:EZPW) from a sell rating to a hold rating in a research report sent to investors on Thursday, November 16th. The brokerage currently has $13.00 target price 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. “
Several other brokerages have also recently issued reports on EZPW. Jefferies Group reissued a buy rating and issued a $12.00 price objective (up previously from $10.50) on shares of EZCORP in a research note on Tuesday, October 10th. Sidoti assumed coverage on EZCORP in a research report on Thursday, August 10th. They set a neutral rating on the stock. Finally, BidaskClub raised EZCORP from a sell rating to a hold rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $11.33.
EZCORP (NASDAQ:EZPW) traded up $0.05 on Thursday, hitting $12.15. The stock had a trading volume of 348,194 shares, compared to its average volume of 461,105. The company has a market capitalization of $658.20, a PE ratio of 19.84 and a beta of 1.97. EZCORP has a 1 year low of $7.55 and a 1 year high of $12.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.88 and a current ratio of 8.01.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. EZCORP had a return on equity of 5.40% and a net margin of 4.26%. The company had revenue of $182.07 million for the quarter, compared to analysts’ expectations of $188.84 million. During the same quarter in the prior year, the firm earned ($0.31) earnings per share. EZCORP’s revenue was down 1.4% compared to the same quarter last year. sell-side analysts expect that EZCORP will post 0.79 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of EZCORP by 2.2% during the 1st 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 last quarter. Trexquant Investment LP purchased a new stake in shares of EZCORP during the 2nd quarter valued at $114,000. Campbell & CO Investment Adviser LLC purchased a new position in EZCORP in the 3rd quarter worth $114,000. Algert Global LLC purchased a new position in EZCORP in the 2nd quarter worth $124,000. Finally, Hartford Investment Management Co. purchased a new position in EZCORP in the 2nd quarter worth $128,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.
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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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