EZCORP, Inc. (EZPW) Receives “Buy” Rating from Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of EZCORP, Inc. (NASDAQ:EZPW) in a research note released on Tuesday morning. They currently have a $12.00 target price on the credit services provider’s stock, up from their previous target price of $10.50. Jefferies Group also issued estimates for EZCORP’s Q4 2017 earnings at $0.12 EPS, Q2 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.18 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $0.74 EPS.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded EZCORP from a hold rating to a buy rating and set a $10.00 price objective on the stock in a research report on Friday, September 8th. BidaskClub upgraded EZCORP from a sell rating to a hold rating in a research report on Monday, July 24th. Finally, Sidoti initiated coverage on EZCORP in a research report on Thursday, August 10th. They set a neutral rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. EZCORP presently has a consensus rating of Hold and a consensus price target of $10.00.

Shares of EZCORP (NASDAQ:EZPW) opened at 9.90 on Tuesday. The company has a market cap of $537.53 million, a price-to-earnings ratio of 22.81 and a beta of 1.96. EZCORP has a one year low of $7.55 and a one year high of $12.00. The firm has a 50-day moving average of $9.41 and a 200 day moving average of $8.74.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings data on Monday, July 31st. The credit services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $183.60 million for the quarter, compared to the consensus estimate of $182.10 million. EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate that EZCORP will post $0.53 EPS for the current year.

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Hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of EZCORP by 2.2% in the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock worth $113,000 after purchasing an additional 300 shares during the period. Trexquant Investment LP bought a new position in shares of EZCORP in the second quarter worth $114,000. Algert Global LLC bought a new position in shares of EZCORP in the second quarter worth $124,000. Hartford Investment Management Co. bought a new position in shares of EZCORP in the second quarter worth $128,000. Finally, Oxford Asset Management bought a new position in shares of EZCORP in the first quarter worth $130,000. Hedge funds and other institutional investors own 89.43% of the company’s

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded EZCORP from a hold rating to a buy rating and set a $10.00 price objective on the stock in a research report on Friday, September 8th. BidaskClub upgraded EZCORP from a sell rating to a hold rating in a research report on Monday, July 24th. Finally, Sidoti initiated coverage on EZCORP in a research report on Thursday, August 10th. They set a neutral rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. EZCORP presently has a consensus rating of Hold and a consensus price target of $10.00.

Shares of EZCORP (NASDAQ:EZPW) opened at 9.90 on Tuesday. The company has a market cap of $537.53 million, a price-to-earnings ratio of 22.81 and a beta of 1.96. EZCORP has a one year low of $7.55 and a one year high of $12.00. The firm has a 50-day moving average of $9.41 and a 200 day moving average of $8.74.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings data on Monday, July 31st. The credit services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $183.60 million for the quarter, compared to the consensus estimate of $182.10 million. EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate that EZCORP will post $0.53 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/11/ezcorp-inc-ezpw-receives-buy-rating-from-jefferies-group-llc.html.

Hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of EZCORP by 2.2% in the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock worth $113,000 after purchasing an additional 300 shares during the period. Trexquant Investment LP bought a new position in shares of EZCORP in the second quarter worth $114,000. Algert Global LLC bought a new position in shares of EZCORP in the second quarter worth $124,000. Hartford Investment Management Co. bought a new position in shares of EZCORP in the second quarter worth $128,000. Finally, Oxford Asset Management bought a new position in shares of EZCORP in the first quarter worth $130,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

About EZCORP

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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