EZCORP (NASDAQ:EZPW) Lowered to Sell at Zacks Investment Research

Share on StockTwits

Zacks Investment Research cut shares of EZCORP (NASDAQ:EZPW) from a hold rating to a sell rating in a report released on Wednesday morning, Zacks.com reports.

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.

About EZCORP

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.

Recommended Story: Operating Income

Get a free copy of the Zacks research report on EZCORP (EZPW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for EZCORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EZCORP and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Sylebra Capital Ltd Acquires 1,031,815 Shares of 21Vianet Group Inc
Sylebra Capital Ltd Acquires 1,031,815 Shares of 21Vianet Group Inc
Amazon.com, Inc.  is Rainier Group Investment Advisory LLC’s 10th Largest Position
Amazon.com, Inc. is Rainier Group Investment Advisory LLC’s 10th Largest Position
Rainier Group Investment Advisory LLC Has $495,000 Position in Visa Inc
Rainier Group Investment Advisory LLC Has $495,000 Position in Visa Inc
Rainier Group Investment Advisory LLC Has $273,000 Stake in Merck & Co., Inc.
Rainier Group Investment Advisory LLC Has $273,000 Stake in Merck & Co., Inc.
Rainier Group Investment Advisory LLC Buys 333 Shares of Altria Group Inc
Rainier Group Investment Advisory LLC Buys 333 Shares of Altria Group Inc
Tanaka Capital Management Inc. Reduces Stake in Honeywell International Inc.
Tanaka Capital Management Inc. Reduces Stake in Honeywell International Inc.


 
© 2006-2019 Zolmax.