Jefferies Group Comments on EZCORP Inc’s Q2 2019 Earnings (EZPW)

EZCORP Inc (NASDAQ:EZPW) – Investment analysts at Jefferies Group lifted their Q2 2019 earnings per share (EPS) estimates for shares of EZCORP in a report released on Friday. Jefferies Group analyst J. Hecht now forecasts that the credit services provider will earn $0.25 per share for the quarter, up from their previous forecast of $0.24. Jefferies Group has a “Buy” rating and a $13.00 price objective on the stock. Jefferies Group also issued estimates for EZCORP’s Q4 2019 earnings at $0.29 EPS and FY2019 earnings at $1.02 EPS.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of EZCORP from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. BidaskClub cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, ValuEngine upgraded shares of EZCORP from a “buy” rating to a “strong-buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $13.50.

Shares of EZCORP (NASDAQ:EZPW) opened at $13.00 on Monday. The stock has a market cap of $707.16, a price-to-earnings ratio of 17.57 and a beta of 1.82. EZCORP has a fifty-two week low of $7.55 and a fifty-two week high of $13.75. The company has a quick ratio of 5.47, a current ratio of 7.77 and a debt-to-equity ratio of 0.44.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.09. The firm had revenue of $204.50 million during the quarter, compared to analysts’ expectations of $204.39 million. EZCORP had a net margin of 4.93% and a return on equity of 6.40%. EZCORP’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share.

Institutional investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC acquired a new position in EZCORP during the 3rd quarter worth $114,000. Crossmark Global Holdings Inc. acquired a new position in EZCORP during the 3rd quarter worth $188,000. Voya Investment Management LLC lifted its position in EZCORP by 13.9% during the 2nd quarter. Voya Investment Management LLC now owns 26,290 shares of the credit services provider’s stock worth $202,000 after acquiring an additional 3,208 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in EZCORP by 6.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 29,290 shares of the credit services provider’s stock worth $226,000 after acquiring an additional 1,810 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in EZCORP by 38.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 32,379 shares of the credit services provider’s stock worth $308,000 after acquiring an additional 8,940 shares during the last quarter. 92.81% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for EZCORP (NASDAQ:EZPW)

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