EZCORP, Inc. (EZPW) Lowered to “Sell” at Zacks Investment Research
EZCORP, Inc. (NASDAQ:EZPW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.
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 research analysts also recently issued research 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 target on the stock 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 set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.
Shares of EZCORP (EZPW) traded down 2.53% during mid-day trading on Thursday, reaching $9.65. The company had a trading volume of 314,568 shares. The stock has a market capitalization of $523.96 million, a P/E ratio of 22.24 and a beta of 1.96. The company’s 50-day moving average is $9.46 and its 200 day moving average is $8.76. EZCORP has a 52-week low of $7.55 and a 52-week high of $12.00.
EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Monday, July 31st. The credit services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $183.60 million for the quarter, compared to the consensus estimate of $182.10 million. EZCORP had a net margin of 3.16% and a return on equity of 3.65%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts anticipate that EZCORP will post $0.53 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in EZPW. Wellington Management Group LLP raised its holdings in EZCORP by 2.2% in the 1st quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock worth $113,000 after acquiring an additional 300 shares during the period. Trexquant Investment LP bought a new position in EZCORP in the 2nd quarter worth $114,000. Algert Global LLC bought a new position in EZCORP in the 2nd quarter worth $124,000. Hartford Investment Management Co. bought a new position in EZCORP in the 2nd quarter worth $128,000. Finally, Oxford Asset Management bought a new position in EZCORP in the 1st quarter worth $130,000. Hedge funds and other institutional investors own 89.43% 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 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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