EZCORP, Inc. (NASDAQ:EZPW) Upgraded to Buy by Jefferies Group LLC
EZCORP, Inc. (NASDAQ:EZPW) was upgraded by equities researchers at Jefferies Group LLC from a “hold” rating to a “buy” rating in a report issued on Friday, MarketBeat Ratings reports. Jefferies Group also issued estimates for EZCORP’s FY2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.19 EPS and FY2018 earnings at $0.70 EPS.
EZPW has been the subject of a number of other research reports. Stephens raised shares of EZCORP from an “underweight” rating to an “equal weight” rating in a report on Friday, April 7th. They noted that the move was a valuation call. BidaskClub cut shares of EZCORP from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research cut shares of EZCORP from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Finally, TheStreet raised shares of EZCORP from a “d+” rating to a “c-” rating in a research report on Friday, May 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.88.
EZCORP (EZPW) traded up 4.17% on Friday, reaching $8.75. 1,244,676 shares of the company were exchanged. The firm has a market capitalization of $475.09 million, a P/E ratio of 20.16 and a beta of 1.98. EZCORP has a 12-month low of $7.55 and a 12-month high of $12.00. The firm has a 50-day moving average of $8.20 and a 200 day moving average of $8.67.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Monday, July 31st. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.01. EZCORP had a net margin of 3.16% and a return on equity of 3.65%. The firm had revenue of $183.60 million during the quarter, compared to analysts’ expectations of $182.10 million. EZCORP’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that EZCORP will post $0.53 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in EZCORP by 2.2% in the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock worth $113,000 after buying an additional 300 shares during the last quarter. Trexquant Investment LP bought a new position in EZCORP during the second quarter worth approximately $114,000. Algert Global LLC bought a new position in EZCORP during the second quarter worth approximately $124,000. Hartford Investment Management Co. bought a new position in EZCORP during the second quarter worth approximately $128,000. Finally, Oxford Asset Management bought a new position in EZCORP during the first quarter worth approximately $130,000. 85.58% of the stock is currently owned by institutional investors.
EZCORP Company Profile
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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