Ezcorp Rating Reiterated by Nomura (EZPW)
Ezcorp (NASDAQ:EZPW)‘s stock had its “neutral” rating restated by investment analysts at Nomura in a note issued to investors on Thursday. They currently have a $11.00 price target on the stock, down from their previous price target of $12.00. Nomura’s price target points to a potential upside of 18.15% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets cut their price target on shares of Ezcorp from $12.00 to $11.00 in a research note on Thursday. Separately, analysts at Wells Fargo & Co. downgraded shares of Ezcorp from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, analysts at Sidoti downgraded shares of Ezcorp from a “buy” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $10.00 price target on the stock, down previously from $16.00. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.94.
Shares of Ezcorp (NASDAQ:EZPW) traded down 4.90% on Thursday, hitting $9.31. 1,022,779 shares of the company’s stock traded hands. Ezcorp has a 1-year low of $9.22 and a 1-year high of $18.47. The stock’s 50-day moving average is $11.00 and its 200-day moving average is $11.42. The company has a market cap of $506.4 million and a P/E ratio of 31.48.
Ezcorp (NASDAQ:EZPW) last announced its earnings results on Tuesday, July 29th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.04. The company had revenue of $241.00 million for the quarter, compared to the consensus estimate of $245.60 million. During the same quarter last year, the company posted $0.29 earnings per share. Ezcorp’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Ezcorp will post $1.22 earnings per share for the current fiscal year.
EZCORP, Inc is a provider of instant cash solutions. The Company provides a range of instant cash solutions, including collateralized, non-recourse loans, commonly known as pawn loans, and a range of short-term consumer loans, including single-payment and multiple-payment unsecured loans and single-payment and multiple-payment auto title loans.
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