EZCORP’s (EZPW) “Buy” Rating Reiterated at Jefferies Group

Jefferies Group restated their buy rating on shares of EZCORP (NASDAQ:EZPW) in a research note released on Friday, November 17th. They currently have 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.

Several other research analysts have also recently issued reports on EZPW. BidaskClub upgraded shares of EZCORP from a sell rating to a hold rating in a report on Monday, July 24th. Zacks Investment Research raised EZCORP from a hold rating to a buy rating and set a $9.75 price objective for the company in a research report on Monday, August 7th. Sidoti assumed coverage on EZCORP in a research report on Thursday, August 10th. They set a neutral rating for the company. Finally, ValuEngine upgraded EZCORP from a hold rating to a buy rating in a report on Thursday, November 16th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $11.33.

EZCORP (NASDAQ:EZPW) traded up $0.30 during midday trading on Friday, reaching $12.35. 600,266 shares of the company’s stock traded hands, compared to its average volume of 461,128. EZCORP has a 1-year low of $7.55 and a 1-year high of $12.50. The stock has a market capitalization of $660.92, a P/E ratio of 19.92 and a beta of 1.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.88 and a current ratio of 8.01.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. EZCORP had a net margin of 4.26% and a return on equity of 5.40%. The company had revenue of $182.07 million for the quarter, compared to analysts’ expectations of $188.84 million. During the same period in the prior year, the business earned ($0.31) earnings per share. EZCORP’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities research analysts expect that EZCORP will post 0.79 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of EZCORP by 2.2% during 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 in the last quarter. Trexquant Investment LP acquired a new position in shares of EZCORP in the second quarter valued at about $114,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of EZCORP in the third quarter valued at about $114,000. Algert Global LLC acquired a new position in shares of EZCORP in the second quarter valued at about $124,000. Finally, Hartford Investment Management Co. acquired a new position in shares of EZCORP in the second quarter valued at about $128,000. 92.65% of the stock is currently owned by institutional investors.

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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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