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. “
A number of other research firms have also recently issued reports on EZPW. BidaskClub cut EZCORP from a hold rating to a sell rating in a report on Thursday, August 15th. ValuEngine cut EZCORP from a hold rating to a sell rating in a research note on Thursday, August 1st. Finally, TheStreet cut EZCORP from a b- rating to a c rating in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating and one has issued a buy rating to the company. EZCORP presently has an average rating of Hold and a consensus target price of $12.50.
EZPW opened at $7.91 on Wednesday. EZCORP has a twelve month low of $7.45 and a twelve month high of $11.25. The company has a 50-day simple moving average of $9.14 and a 200 day simple moving average of $9.60. The company has a quick ratio of 5.66, a current ratio of 8.07 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $451.88 million, a price-to-earnings ratio of 9.26 and a beta of 1.73.
EZCORP (NASDAQ:EZPW) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. EZCORP had a net margin of 0.26% and a return on equity of 6.52%. The firm had revenue of $206.92 million during the quarter, compared to analysts’ expectations of $216.17 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts anticipate that EZCORP will post 0.9 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of EZCORP by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 582,796 shares of the credit services provider’s stock valued at $4,505,000 after buying an additional 48,428 shares during the period. Foundry Partners LLC raised its stake in shares of EZCORP by 54.1% in the 1st quarter. Foundry Partners LLC now owns 567,000 shares of the credit services provider’s stock valued at $5,284,000 after purchasing an additional 199,025 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of EZCORP by 98.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,706 shares of the credit services provider’s stock valued at $109,000 after purchasing an additional 5,814 shares in the last quarter. James Investment Research Inc. raised its stake in shares of EZCORP by 4.3% in the 1st quarter. James Investment Research Inc. now owns 53,215 shares of the credit services provider’s stock valued at $496,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of EZCORP by 1.8% in the 1st quarter. Arizona State Retirement System now owns 80,950 shares of the credit services provider’s stock valued at $754,000 after purchasing an additional 1,463 shares in the last quarter. Hedge funds and other institutional investors own 98.73% of the company’s stock.
EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.
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