Shares of EZCORP Inc (NASDAQ:EZPW) were down 7.8% during trading on Wednesday . The company traded as low as $11.75 and last traded at $11.75. Approximately 1,112,066 shares changed hands during mid-day trading, an increase of 74% from the average daily volume of 639,409 shares. The stock had previously closed at $12.75.
A number of analysts recently commented on EZPW shares. Zacks Investment Research upgraded EZCORP from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, May 7th. TheStreet upgraded EZCORP from a “c+” rating to a “b” rating in a research report on Wednesday, May 9th. BidaskClub upgraded EZCORP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 8th. ValuEngine lowered EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 29th. Finally, Sidoti upgraded EZCORP from a “neutral” rating to a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $16.50.
The stock has a market capitalization of $639.95 million, a PE ratio of 19.44 and a beta of 1.55. 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 posted its earnings results on Wednesday, May 2nd. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $202.73 million during the quarter, compared to analyst estimates of $201.59 million. EZCORP had a return on equity of 6.81% and a net margin of 5.33%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. equities research analysts forecast that EZCORP Inc will post 0.8 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP grew its position in shares of EZCORP by 8.8% in the 1st quarter. Engineers Gate Manager LP now owns 52,255 shares of the credit services provider’s stock valued at $690,000 after purchasing an additional 4,232 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of EZCORP by 6.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 73,821 shares of the credit services provider’s stock valued at $901,000 after purchasing an additional 4,376 shares during the period. Teachers Advisors LLC lifted its stake in EZCORP by 5.4% in the 4th quarter. Teachers Advisors LLC now owns 88,238 shares of the credit services provider’s stock valued at $1,077,000 after acquiring an additional 4,514 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in EZCORP by 17.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,477 shares of the credit services provider’s stock valued at $653,000 after acquiring an additional 7,476 shares in the last quarter. Finally, Barclays PLC lifted its stake in EZCORP by 42.4% in the 1st quarter. Barclays PLC now owns 27,828 shares of the credit services provider’s stock valued at $367,000 after acquiring an additional 8,283 shares in the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.
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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