Q2 2018 Earnings Forecast for EZCORP Inc Issued By Jefferies Group (EZPW)
EZCORP Inc (NASDAQ:EZPW) – Analysts at Jefferies Group raised their Q2 2018 EPS estimates for EZCORP in a research note issued on Wednesday. Jefferies Group analyst J. Hecht now expects that the credit services provider will post earnings per share of $0.23 for the quarter, up from their prior estimate of $0.19. Jefferies Group has a “Buy” rating and a $13.00 price objective on the stock. Jefferies Group also issued estimates for EZCORP’s Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.83 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $0.99 EPS.
EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.11 by $0.10. The company had revenue of $182.07 million during the quarter, compared to analysts’ expectations of $188.84 million. EZCORP had a net margin of 4.26% and a return on equity of 5.40%. EZCORP’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.31) earnings per share.
Shares of EZCORP (EZPW) traded down $0.05 during trading hours on Thursday, reaching $11.95. 276,100 shares of the company traded hands, compared to its average volume of 694,071. The stock has a market capitalization of $650.06, a PE ratio of 19.27 and a beta of 1.97. EZCORP has a 12 month low of $7.55 and a 12 month high of $12.50. The company has a current ratio of 8.01, a quick ratio of 5.88 and a debt-to-equity ratio of 0.43.
Hedge funds have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC purchased a new position in EZCORP in the 3rd quarter worth approximately $114,000. Loews Corp boosted its stake in shares of EZCORP by 55.2% in the 2nd quarter. Loews Corp now owns 19,391 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 6,900 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of EZCORP by 41.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,439 shares of the credit services provider’s stock valued at $180,000 after purchasing an additional 6,853 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of EZCORP in the 3rd quarter valued at $188,000. Finally, Voya Investment Management LLC boosted its stake in shares of EZCORP by 13.9% in the 2nd quarter. Voya Investment Management LLC now owns 26,290 shares of the credit services provider’s stock valued at $202,000 after purchasing an additional 3,208 shares in the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.
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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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