EZCORP (NASDAQ:EZPW) Rating Lowered to Sell at BidaskClub

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BidaskClub lowered shares of EZCORP (NASDAQ:EZPW) from a hold rating to a sell rating in a report issued on Friday morning, BidAskClub reports.

A number of other brokerages have also weighed in on EZPW. B. Riley set a $169.00 price objective on shares of Intercept Pharmaceuticals and gave the company a buy rating in a report on Friday, April 12th. Zacks Investment Research raised shares of General Moly from a sell rating to a hold rating in a report on Thursday, July 11th. ValuEngine lowered shares of Yext from a strong-buy rating to a buy rating in a report on Friday, May 10th. Finally, TheStreet lowered shares of USD Partners from a b- rating to a c+ rating in a report on Friday, May 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. EZCORP has a consensus rating of Hold and an average price target of $12.50.

NASDAQ EZPW opened at $9.84 on Friday. The business has a fifty day moving average price of $9.32. The company has a quick ratio of 2.28, a current ratio of 2.93 and a debt-to-equity ratio of 0.31. EZCORP has a 12-month low of $7.45 and a 12-month high of $12.43. The stock has a market capitalization of $533.38 million, a price-to-earnings ratio of 12.46 and a beta of 1.77.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $214.70 million during the quarter, compared to analysts’ expectations of $219.87 million. EZCORP had a return on equity of 6.27% and a net margin of 1.63%. EZCORP’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. On average, analysts forecast that EZCORP will post 0.92 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its position in EZCORP by 393.8% during the fourth quarter. Millennium Management LLC now owns 866,014 shares of the credit services provider’s stock valued at $6,694,000 after purchasing an additional 690,645 shares during the period. 361 Capital LLC acquired a new position in EZCORP during the first quarter valued at $2,568,000. BlackRock Inc. lifted its position in EZCORP by 3.5% during the fourth quarter. BlackRock Inc. now owns 7,842,921 shares of the credit services provider’s stock valued at $60,627,000 after purchasing an additional 264,920 shares during the period. QS Investors LLC acquired a new position in EZCORP during the fourth quarter valued at $1,641,000. Finally, Foundry Partners LLC lifted its position in EZCORP by 54.1% during the first 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 during the period. 99.30% 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.

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