Jefferies Group Reaffirms “Buy” Rating for EZCORP (EZPW)

Jefferies Group restated their buy rating on shares of EZCORP (NASDAQ:EZPW) in a research note issued to investors on Friday, November 17th. The firm currently has a $13.00 price target on the credit services provider’s stock. Jefferies Group also issued estimates for EZCORP’s Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.84 EPS.

Other research analysts also recently issued reports about the company. ValuEngine raised EZCORP from a hold rating to a buy rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded EZCORP from a sell rating to a hold rating and set a $13.00 price objective on the stock in a research report on Thursday, November 16th. Sidoti began coverage on EZCORP in a research report on Thursday, August 10th. They issued 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $11.33.

EZCORP (EZPW) traded up $0.05 during trading hours on Friday, reaching $12.15. The company’s stock had a trading volume of 348,194 shares, compared to its average volume of 461,105. The company has a quick ratio of 5.88, a current ratio of 8.01 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $658.20, a price-to-earnings 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.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, November 15th. The credit services provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $188.84 million. During the same period in the previous year, the company posted ($0.31) EPS. The firm’s revenue for the quarter 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.

Several hedge funds have recently added to or reduced their stakes in EZPW. Wellington Management Group LLP raised its holdings in EZCORP by 2.2% in the 1st quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock worth $113,000 after acquiring an additional 300 shares during the last quarter. Trexquant Investment LP purchased a new position in EZCORP in the 2nd quarter worth approximately $114,000. Campbell & CO Investment Adviser LLC purchased a new stake in EZCORP during the 3rd quarter valued at $114,000. Algert Global LLC purchased a new stake in EZCORP during the 2nd quarter valued at $124,000. Finally, Hartford Investment Management Co. purchased a new stake in EZCORP during the 2nd quarter valued at $128,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

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EZCORP Company Profile

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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