EZCORP, Inc. (NASDAQ:EZPW)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a report released on Thursday, September 7th.
A number of other research firms also recently issued reports on EZPW. Zacks Investment Research raised shares of EZCORP from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research note on Monday, August 7th. Sidoti started coverage on shares of EZCORP in a research note on Thursday, August 10th. They issued a “neutral” rating on the stock. BidaskClub downgraded shares of EZCORP from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, TheStreet upgraded shares of EZCORP from a “d+” rating to a “c-” rating in a report on Friday, May 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.50.
EZCORP (EZPW) traded up 0.53% during mid-day trading on Thursday, hitting $9.40. The company had a trading volume of 511,071 shares. EZCORP has a 1-year low of $7.55 and a 1-year high of $12.00. The stock has a 50 day moving average price of $8.91 and a 200-day moving average price of $8.58. The stock has a market capitalization of $510.38 million, a PE ratio of 21.66 and a beta of 1.95.
EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Monday, July 31st. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $183.60 million during the quarter, compared to analysts’ expectations of $182.10 million. EZCORP had a net margin of 3.16% and a return on equity of 3.65%. EZCORP’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts forecast that EZCORP will post $0.54 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of EZCORP by 2.2% in the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock valued at $113,000 after purchasing an additional 300 shares in the last quarter. Trexquant Investment LP acquired a new position in EZCORP during the 2nd quarter worth approximately $114,000. Algert Global LLC acquired a new position in EZCORP during the 2nd quarter worth approximately $124,000. Hartford Investment Management Co. acquired a new position in EZCORP during the 2nd quarter worth approximately $128,000. Finally, Oxford Asset Management acquired a new position in EZCORP during the 1st quarter worth approximately $130,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.
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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