Ezcorp Inc. (EZPW) Stock Rating Lowered by Zacks Investment Research
Ezcorp Inc. (NASDAQ:EZPW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
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. “
A number of other research analysts also recently issued reports on EZPW. Wells Fargo & Co. upgraded shares of Ezcorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 7th. Jefferies Group reiterated a “hold” rating and set a $9.00 target price on shares of Ezcorp in a research report on Thursday, August 4th. Finally, CL King upgraded shares of Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 target price on the stock in a research report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Ezcorp has a consensus rating of “Hold” and an average price target of $11.08.
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Shares of Ezcorp (NASDAQ:EZPW) traded down 0.38% during mid-day trading on Tuesday, reaching $10.61. 256,844 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $10.29 and its 200 day moving average price is $7.64. Ezcorp has a 52-week low of $2.44 and a 52-week high of $11.33. The company’s market cap is $572.74 million.
Ezcorp (NASDAQ:EZPW) last released its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. Ezcorp had a negative net margin of 23.29% and a negative return on equity of 3.34%. On average, equities research analysts predict that Ezcorp will post ($1.57) EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its stake in shares of Ezcorp by 7.7% in the second quarter. Public Employees Retirement System of Ohio now owns 20,337 shares of the company’s stock worth $154,000 after buying an additional 1,462 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Ezcorp by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 569,314 shares of the company’s stock valued at $4,305,000 after buying an additional 35,442 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in Ezcorp during the second quarter valued at about $286,000. Guggenheim Capital LLC raised its stake in Ezcorp by 0.4% in the second quarter. Guggenheim Capital LLC now owns 443,335 shares of the company’s stock valued at $3,352,000 after buying an additional 1,551 shares during the last quarter. Finally, Walleye Trading LLC raised its stake in Ezcorp by 6,796.3% in the second quarter. Walleye Trading LLC now owns 20,089 shares of the company’s stock valued at $152,000 after buying an additional 20,389 shares during the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.
Ezcorp Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and 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; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan 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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