EZCorp. (EZPW) Upgraded to “B” at TheStreet

TheStreet upgraded shares of EZCorp. (NASDAQ:EZPW) from a c+ rating to a b rating in a research report sent to investors on Wednesday morning.

EZPW has been the subject of several other research reports. Zacks Investment Research downgraded shares of EZCorp. from a buy rating to a hold rating in a research note on Tuesday, January 23rd. BidaskClub upgraded shares of EZCorp. from a buy rating to a strong-buy rating in a research note on Thursday, March 8th. ValuEngine upgraded shares of EZCorp. from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. Finally, Jefferies Group restated a buy rating and issued a $16.00 price objective on shares of EZCorp. in a research report on Wednesday, April 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. EZCorp. has an average rating of Buy and a consensus target price of $16.50.

Shares of EZPW opened at $13.05 on Wednesday. EZCorp. has a fifty-two week low of $7.55 and a fifty-two week high of $15.10. The stock has a market cap of $721.65 million, a PE ratio of 21.05 and a beta of 1.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.27 and a quick ratio of 2.37.

EZCorp. (NASDAQ:EZPW) last announced its earnings results on Wednesday, May 2nd. The credit services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. EZCorp. had a net margin of 5.33% and a return on equity of 6.81%. The business had revenue of $202.73 million during the quarter, compared to the consensus estimate of $201.59 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. sell-side analysts anticipate that EZCorp. will post 0.88 EPS for the current year.

A number of large investors have recently made changes to their positions in EZPW. Wells Fargo & Company MN lifted its position in EZCorp. by 44.7% in the third quarter. Wells Fargo & Company MN now owns 62,377 shares of the credit services provider’s stock valued at $593,000 after purchasing an additional 19,280 shares during the period. California Public Employees Retirement System lifted its position in 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 purchasing an additional 30,295 shares during the period. Schwab Charles Investment Management Inc. lifted its position in 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 purchasing an additional 16,502 shares during the period. Acadian Asset Management LLC lifted its position in 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 purchasing an additional 47,098 shares during the period. Finally, SG Americas Securities LLC lifted its position in EZCorp. by 43.2% in the fourth quarter. SG Americas Securities LLC now owns 231,218 shares of the credit services provider’s stock valued at $2,821,000 after purchasing an additional 69,769 shares during the period. Hedge funds and other institutional investors own 92.93% of the company’s stock.

EZCorp. Company Profile

EZCORP, Inc provides pawn loans. The company operates through three segments: U.S. Pawn, Mexico Pawn, and Other International. It offers pawn loans, which are non-recourse loans collateralized by tangible personal property, such as jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, including collateral forfeited from pawn lending operations and used merchandise purchased from customers.

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