Zacks Investment Research upgraded shares of EZCORP (NASDAQ:EZPW) from a hold rating to a buy rating in a report issued on Friday, January 19th. Zacks Investment Research currently has $13.00 price objective on the credit services provider’s stock.
According to Zacks, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan. “
Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of EZCORP from a strong-buy rating to a buy rating in a report on Tuesday, January 9th. ValuEngine raised shares of EZCORP from a hold rating to a buy rating in a report on Sunday, December 31st. Finally, Jefferies Group reaffirmed a buy rating and issued a $13.00 price objective on shares of EZCORP in a report on Friday, November 17th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $13.50.
EZCORP (EZPW) traded down $0.05 during mid-day trading on Friday, hitting $13.15. 944,351 shares of the stock were exchanged, compared to its average volume of 843,027. EZCORP has a twelve month low of $7.55 and a twelve month high of $13.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 7.77 and a quick ratio of 5.47. The firm has a market capitalization of $715.32, a P/E ratio of 19.06 and a beta of 1.82.
EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $204.50 million during the quarter, compared to the consensus estimate of $204.39 million. EZCORP had a net margin of 4.93% and a return on equity of 6.40%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. research analysts forecast that EZCORP will post 0.89 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in EZCORP by 3.7% in the fourth quarter. BlackRock Inc. now owns 6,867,496 shares of the credit services provider’s stock valued at $83,784,000 after buying an additional 244,752 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in EZCORP by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,309,470 shares of the credit services provider’s stock valued at $40,941,000 after buying an additional 272,095 shares during the last quarter. Vanguard Group Inc. lifted its stake in EZCORP by 4.8% in the second quarter. Vanguard Group Inc. now owns 3,725,298 shares of the credit services provider’s stock valued at $28,684,000 after buying an additional 168,983 shares during the last quarter. Rovida Advisors Inc. lifted its stake in EZCORP by 3.3% in the third quarter. Rovida Advisors Inc. now owns 3,175,000 shares of the credit services provider’s stock valued at $30,163,000 after buying an additional 100,000 shares during the last quarter. Finally, Huber Capital Management LLC lifted its stake in EZCORP by 46.2% in the second quarter. Huber Capital Management LLC now owns 2,262,319 shares of the credit services provider’s stock valued at $17,420,000 after buying an additional 715,233 shares during the last quarter. 92.81% of the stock is owned by hedge funds and other 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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