Q4 2017 Earnings Estimate for EZCORP, Inc. (EZPW) Issued By Jefferies Group
EZCORP, Inc. (NASDAQ:EZPW) – Research analysts at Jefferies Group reduced their Q4 2017 earnings per share estimates for EZCORP in a report issued on Tuesday. Jefferies Group analyst J. Hecht now expects that the credit services provider will earn $0.12 per share for the quarter, down from their prior forecast of $0.13. Jefferies Group has a “Buy” rating and a $12.00 price target on the stock. Jefferies Group also issued estimates for EZCORP’s Q2 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.18 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $0.74 EPS.
EZCORP (NASDAQ:EZPW) last released its quarterly earnings data on Monday, July 31st. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The business had revenue of $183.60 million during the quarter, compared to analysts’ expectations of $182.10 million. EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year.
A number of other equities research analysts have also issued reports on the company. BidaskClub raised EZCORP from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered EZCORP from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Sidoti initiated coverage on EZCORP in a research report on Thursday, August 10th. They set a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. EZCORP currently has an average rating of “Hold” and a consensus target price of $10.00.
EZCORP (EZPW) opened at 9.90 on Wednesday. The stock has a market cap of $537.53 million, a PE ratio of 22.81 and a beta of 1.96. The stock has a 50 day moving average price of $9.41 and a 200-day moving average price of $8.74. EZCORP has a 12 month low of $7.55 and a 12 month high of $12.00.
Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of EZCORP by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 40,886 shares of the credit services provider’s stock worth $315,000 after purchasing an additional 617 shares during the period. State Street Corp raised its position in shares of EZCORP by 5.4% during the second quarter. State Street Corp now owns 1,175,451 shares of the credit services provider’s stock worth $9,049,000 after purchasing an additional 60,684 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of EZCORP during the second quarter worth $409,000. AHL Partners LLP acquired a new stake in shares of EZCORP during the second quarter worth $443,000. Finally, Voya Investment Management LLC raised its position in shares of EZCORP by 13.9% during the second quarter. Voya Investment Management LLC now owns 26,290 shares of the credit services provider’s stock worth $202,000 after purchasing an additional 3,208 shares during the period. 89.43% 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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