EZCORP, Inc. (NASDAQ:EZPW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.
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. “
A number of other equities analysts also recently issued reports on the stock. BidaskClub upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $10.50 price target for the company in a report on Friday, August 4th. Finally, Sidoti started coverage on shares of EZCORP in a report on Thursday, August 10th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.33.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The company had revenue of $182.07 million during the quarter, compared to the consensus estimate of $188.84 million. EZCORP had a net margin of 3.16% and a return on equity of 3.65%. EZCORP’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.31) EPS. sell-side analysts expect that EZCORP will post 0.52 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of EZPW. Prudential Financial Inc. grew its stake in EZCORP by 0.4% in the 1st quarter. Prudential Financial Inc. now owns 83,046 shares of the credit services provider’s stock valued at $677,000 after acquiring an additional 310 shares during the last quarter. Principal Financial Group Inc. grew its stake in EZCORP by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 370,583 shares of the credit services provider’s stock valued at $3,020,000 after acquiring an additional 15,202 shares during the last quarter. Wellington Management Group LLP grew its stake in EZCORP by 2.2% in the 1st quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock valued at $113,000 after acquiring an additional 300 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in EZCORP by 4.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 27,480 shares of the credit services provider’s stock valued at $224,000 after acquiring an additional 1,210 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in EZCORP by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 3,556,315 shares of the credit services provider’s stock valued at $28,984,000 after acquiring an additional 211,793 shares during the last quarter. 85.01% of the stock is currently owned by hedge funds and other institutional investors.
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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