Jefferies Group Analysts Increase Earnings Estimates for EZCORP Inc (EZPW)

EZCORP Inc (NASDAQ:EZPW) – Equities research analysts at Jefferies Group boosted their Q2 2018 EPS estimates for EZCORP in a report released on Wednesday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will earn $0.23 per share for the quarter, up from their previous forecast of $0.19. Jefferies Group has a “Buy” rating and a $13.00 price objective on the stock. Jefferies Group also issued estimates for EZCORP’s Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.83 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $0.99 EPS.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, November 15th. The credit services provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The company had revenue of $182.07 million during the quarter, compared to analysts’ expectations of $188.84 million. EZCORP had a return on equity of 5.40% and a net margin of 4.26%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the firm earned ($0.31) EPS.

Other equities research analysts have also recently issued reports about the company. BidaskClub cut EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. ValuEngine raised EZCORP from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research cut EZCORP from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $13.00.

EZCORP (NASDAQ:EZPW) traded down $0.05 during midday trading on Thursday, hitting $12.05. The stock had a trading volume of 1,244,059 shares, compared to its average volume of 525,711. The firm has a market cap of $658.20, a PE ratio of 20.42 and a beta of 1.97. EZCORP has a one year low of $7.55 and a one year high of $12.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.01 and a quick ratio of 5.88.

Large investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new position in shares of EZCORP in the 3rd quarter worth $114,000. Loews Corp boosted its position in shares of EZCORP by 55.2% in the 2nd quarter. Loews Corp now owns 19,391 shares of the credit services provider’s stock worth $149,000 after purchasing an additional 6,900 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of EZCORP in the 3rd quarter worth $188,000. BNP Paribas Arbitrage SA boosted its position in shares of EZCORP by 41.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,439 shares of the credit services provider’s stock worth $180,000 after purchasing an additional 6,853 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of EZCORP by 13.9% in the 2nd quarter. Voya Investment Management LLC now owns 26,290 shares of the credit services provider’s stock worth $202,000 after purchasing an additional 3,208 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

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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.

Earnings History and Estimates for EZCORP (NASDAQ:EZPW)

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