EZCORP (NASDAQ:EZPW) Cut to Buy at BidaskClub

EZCORP (NASDAQ:EZPW) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday, January 9th.

EZPW has been the subject of a number of other research reports. Jefferies Group restated 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, October 10th. ValuEngine upgraded shares of EZCORP from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research lowered shares of EZCORP from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $13.50.

Shares of EZCORP (EZPW) opened at $13.00 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 7.77 and a quick ratio of 5.47. The stock has a market cap of $707.16, a price-to-earnings ratio of 17.57 and a beta of 1.82. EZCORP has a 52 week low of $7.55 and a 52 week high of $13.75.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.09. EZCORP had a net margin of 4.93% and a return on equity of 6.40%. The firm had revenue of $204.50 million during the quarter, compared to analysts’ expectations of $204.39 million. During the same period in the prior year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. research analysts anticipate that EZCORP will post 0.84 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in EZPW. Archon Capital Management LLC bought a new position in EZCORP during the second quarter valued at $5,725,000. Huber Capital Management LLC lifted its position in EZCORP by 46.2% during the second quarter. Huber Capital Management LLC now owns 2,262,319 shares of the credit services provider’s stock valued at $17,420,000 after purchasing an additional 715,233 shares during the last quarter. JPMorgan Chase & Co. lifted its position in EZCORP by 25.2% during the third quarter. JPMorgan Chase & Co. now owns 2,045,860 shares of the credit services provider’s stock valued at $20,970,000 after purchasing an additional 411,457 shares during the last quarter. Mangrove Partners bought a new position in EZCORP during the third quarter valued at $3,236,000. Finally, Dimensional Fund Advisors LP lifted its position in EZCORP by 6.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,309,470 shares of the credit services provider’s stock valued at $40,941,000 after purchasing an additional 272,095 shares during the last quarter. Institutional investors and hedge funds own 92.81% 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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