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

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BidaskClub cut shares of EZCORP (NASDAQ:EZPW) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of EZCORP from a buy rating to a hold rating in a research note on Tuesday, October 8th. Zacks Investment Research upgraded shares of EZCORP from a sell rating to a hold rating in a research note on Wednesday, December 4th. B. Riley cut their target price on shares of EZCORP from $14.00 to $12.00 and set a buy rating for the company in a research note on Tuesday, December 3rd. Finally, ValuEngine upgraded shares of EZCORP from a sell rating to a hold rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $11.50.

NASDAQ:EZPW traded up $0.04 during trading hours on Friday, hitting $6.63. 493,417 shares of the company traded hands, compared to its average volume of 893,871. The stock has a market capitalization of $365.98 million, a price-to-earnings ratio of 7.37 and a beta of 1.77. EZCORP has a twelve month low of $4.77 and a twelve month high of $11.25. The firm has a 50-day moving average of $5.97 and a 200 day moving average of $7.31. The company has a current ratio of 6.65, a quick ratio of 4.68 and a debt-to-equity ratio of 0.32.

EZCORP (NASDAQ:EZPW) last released its earnings results on Thursday, December 5th. The credit services provider reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $214.34 million during the quarter, compared to analysts’ expectations of $214.99 million. EZCORP had a net margin of 0.20% and a return on equity of 6.59%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. Equities research analysts predict that EZCORP will post 0.89 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Quantum Capital Management acquired a new position in shares of EZCORP in the 3rd quarter valued at $30,000. Quantamental Technologies LLC raised its stake in shares of EZCORP by 373.3% in the 2nd quarter. Quantamental Technologies LLC now owns 5,112 shares of the credit services provider’s stock valued at $48,000 after buying an additional 4,032 shares in the last quarter. Bank of Montreal Can raised its stake in shares of EZCORP by 320.5% in the 2nd quarter. Bank of Montreal Can now owns 5,630 shares of the credit services provider’s stock valued at $54,000 after buying an additional 4,291 shares in the last quarter. Ellington Management Group LLC acquired a new position in shares of EZCORP in the 2nd quarter valued at $100,000. Finally, JPMorgan Chase & Co. raised its stake in shares of EZCORP by 15.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,148 shares of the credit services provider’s stock valued at $155,000 after buying an additional 2,171 shares in the last quarter. Institutional investors own 94.91% of the company’s stock.

EZCORP Company Profile

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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