EZCORP Inc (EZPW) Given Average Recommendation of “Buy” by Analysts
EZCORP Inc (NASDAQ:EZPW) has earned an average rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.00.
Several research analysts recently issued reports on EZPW shares. ValuEngine raised EZCORP from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Jefferies Group reaffirmed a “buy” rating and set a $13.00 target price on shares of EZCORP in a research report on Friday, November 17th. Zacks Investment Research cut EZCORP from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub cut EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 9th.
A number of institutional investors have recently modified their holdings of EZPW. Dimensional Fund Advisors LP raised its stake in shares of EZCORP by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,309,470 shares of the credit services provider’s stock valued at $40,941,000 after buying an additional 272,095 shares during the period. Vanguard Group Inc. raised its stake in shares of EZCORP by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,725,298 shares of the credit services provider’s stock valued at $28,684,000 after purchasing an additional 168,983 shares during the period. Rovida Advisors Inc. raised its stake in shares of EZCORP by 3.3% during the 3rd quarter. Rovida Advisors Inc. now owns 3,175,000 shares of the credit services provider’s stock valued at $30,163,000 after purchasing an additional 100,000 shares during the period. Huber Capital Management LLC raised its stake in shares of EZCORP by 46.2% during the 2nd quarter. Huber Capital Management LLC now owns 2,262,319 shares of the credit services provider’s stock valued at $17,420,000 after purchasing an additional 715,233 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of EZCORP by 25.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,045,860 shares of the credit services provider’s stock valued at $20,970,000 after purchasing an additional 411,457 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. The firm had revenue of $182.07 million during the quarter, compared to analysts’ expectations of $188.84 million. EZCORP had a return on equity of 5.40% and a net margin of 4.26%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.31) earnings per share. analysts expect that EZCORP will post 0.84 earnings per share for the current fiscal year.
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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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