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. “
Other research analysts have also recently issued reports about the company. BidaskClub cut EZCORP from a hold rating to a sell rating in a report on Thursday, August 15th. ValuEngine lowered shares of EZCORP from a hold rating to a sell rating in a report on Thursday, August 1st. Finally, TheStreet lowered shares of EZCORP from a b- rating to a c rating in a report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $12.50.
Shares of EZPW opened at $7.91 on Wednesday. The firm has a market cap of $451.88 million, a PE ratio of 10.01 and a beta of 1.73. The firm’s 50 day moving average price is $9.14 and its 200 day moving average price is $9.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.66 and a current ratio of 8.07. EZCORP has a twelve month low of $7.45 and a twelve month high of $11.25.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $206.92 million for the quarter, compared to the consensus estimate of $216.17 million. EZCORP had a net margin of 0.26% and a return on equity of 6.52%. EZCORP’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.15 earnings per share. On average, sell-side analysts anticipate that EZCORP will post 0.9 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of EZPW. Quantamental Technologies LLC raised its position in EZCORP by 373.3% in the second quarter. Quantamental Technologies LLC now owns 5,112 shares of the credit services provider’s stock valued at $48,000 after purchasing an additional 4,032 shares during the last quarter. Bank of Montreal Can boosted its position in shares of EZCORP by 320.5% during the 2nd quarter. Bank of Montreal Can now owns 5,630 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 4,291 shares in the last quarter. Ellington Management Group LLC acquired a new stake in shares of EZCORP during the second quarter worth approximately $100,000. BNP Paribas Arbitrage SA raised its holdings in shares of EZCORP by 98.7% in the first quarter. BNP Paribas Arbitrage SA now owns 11,706 shares of the credit services provider’s stock valued at $109,000 after buying an additional 5,814 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of EZCORP in the 2nd quarter valued at approximately $121,000. 98.73% of the stock is currently owned by hedge funds and other institutional investors.
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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