EZCORP, Inc. (EZPW) Cut to “Hold” at Zacks Investment Research
EZCORP, Inc. (NASDAQ:EZPW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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 research analysts have also recently issued reports about the stock. Jefferies Group LLC upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $10.50 price objective for the company in a report on Friday, August 4th. BidaskClub upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Sidoti began coverage on shares of EZCORP in a report on Thursday, August 10th. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.50.
EZCORP (NASDAQ EZPW) traded down 1.06% on Wednesday, reaching $9.35. The company’s stock had a trading volume of 453,858 shares. The company has a market capitalization of $507.67 million, a price-to-earnings ratio of 21.54 and a beta of 1.96. The stock has a 50 day moving average price of $9.30 and a 200-day moving average price of $8.69. EZCORP has a 1-year low of $7.55 and a 1-year high of $12.00.
EZCORP (NASDAQ:EZPW) last issued 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). The business had revenue of $183.60 million during the quarter, compared to the consensus estimate of $182.10 million. EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The company’s revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that EZCORP will post $0.53 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of EZPW. IMS Capital Management boosted its holdings in EZCORP by 1.3% in the fourth quarter. IMS Capital Management now owns 274,956 shares of the credit services provider’s stock worth $1,372,000 after purchasing an additional 3,615 shares in the last quarter. Acadian Asset Management acquired a new position in EZCORP during the 4th quarter worth $1,134,000. Principal Financial Group Inc. lifted its position in EZCORP by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 341,151 shares of the credit services provider’s stock worth $1,702,000 after acquiring an additional 15,015 shares during the last quarter. JBF Capital Inc. lifted its position in EZCORP by 6.0% during the 4th quarter. JBF Capital Inc. now owns 533,092 shares of the credit services provider’s stock worth $2,660,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in EZCORP by 36.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 263,700 shares of the credit services provider’s stock worth $1,316,000 after acquiring an additional 70,375 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.
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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