EZCORP (NASDAQ:EZPW) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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. “
Several other equities analysts have also issued reports on EZPW. BidaskClub lowered shares of EZCORP from a “strong-buy” rating to a “buy” rating in a report on Friday, May 11th. ValuEngine cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 29th. Finally, Sidoti raised shares of EZCORP from a “neutral” rating to a “buy” rating in a research report on Thursday, June 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.50.
Shares of EZPW stock traded down $0.05 on Friday, hitting $10.65. The stock had a trading volume of 325,800 shares, compared to its average volume of 595,117. EZCORP has a twelve month low of $9.00 and a twelve month high of $15.10. The firm has a market capitalization of $596.38 million, a price-to-earnings ratio of 17.18 and a beta of 1.42. The company has a quick ratio of 2.16, a current ratio of 2.72 and a debt-to-equity ratio of 0.30.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, August 1st. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). EZCORP had a net margin of 6.41% and a return on equity of 6.90%. The firm had revenue of $199.94 million during the quarter, compared to analyst estimates of $198.24 million. During the same period last year, the firm earned $0.12 EPS. EZCORP’s quarterly revenue was up 8.9% on a year-over-year basis. research analysts expect that EZCORP will post 0.75 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Engineers Gate Manager LP lifted its position in EZCORP by 8.8% in the 1st quarter. Engineers Gate Manager LP now owns 52,255 shares of the credit services provider’s stock valued at $690,000 after acquiring an additional 4,232 shares in the last quarter. Bank of New York Mellon Corp lifted its position in EZCORP by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 647,942 shares of the credit services provider’s stock valued at $7,808,000 after acquiring an additional 4,495 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in EZCORP by 33.1% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 19,779 shares of the credit services provider’s stock valued at $238,000 after acquiring an additional 4,920 shares in the last quarter. GSA Capital Partners LLP lifted its position in EZCORP by 4.7% in the 2nd quarter. GSA Capital Partners LLP now owns 161,824 shares of the credit services provider’s stock valued at $1,950,000 after acquiring an additional 7,311 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in EZCORP by 17.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,477 shares of the credit services provider’s stock valued at $653,000 after acquiring an additional 7,476 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.
EZCORP Company Profile
EZCORP, Inc provides pawn loans. The company operates through three segments: U.S. Pawn, Mexico Pawn, and Other International. It offers pawn loans, which are non-recourse loans collateralized by tangible personal property, such as jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, including collateral forfeited from pawn lending operations and used merchandise purchased from customers.
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