EZCORP (EZPW) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of EZCORP (NASDAQ:EZPW) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

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 equities analysts have also issued reports about the stock. BidaskClub upgraded shares of EZCORP from a sell rating to a hold rating in a research report on Thursday, October 11th. ValuEngine lowered shares of EZCORP from a hold rating to a sell rating in a research report on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. EZCORP currently has an average rating of Hold and a consensus target price of $12.50.

Shares of NASDAQ EZPW traded up $0.07 during trading on Wednesday, hitting $8.58. The company had a trading volume of 324,520 shares, compared to its average volume of 753,628. EZCORP has a fifty-two week low of $7.45 and a fifty-two week high of $15.10. The firm has a market cap of $449.77 million, a price-to-earnings ratio of 10.86 and a beta of 1.64. The company has a quick ratio of 2.27, a current ratio of 2.91 and a debt-to-equity ratio of 0.30.

EZCORP (NASDAQ:EZPW) last announced its earnings results on Wednesday, November 14th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. EZCORP had a net margin of 4.80% and a return on equity of 6.49%. The business had revenue of $206.30 million for the quarter, compared to analyst estimates of $196.50 million. During the same quarter last year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts anticipate that EZCORP will post 0.9 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in EZCORP by 13.1% during the third quarter. Victory Capital Management Inc. now owns 150,800 shares of the credit services provider’s stock worth $1,614,000 after acquiring an additional 17,500 shares during the last quarter. BlackRock Inc. raised its stake in EZCORP by 8.2% during the second quarter. BlackRock Inc. now owns 7,419,091 shares of the credit services provider’s stock worth $89,401,000 after purchasing an additional 561,669 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in EZCORP by 33.1% during the second quarter. Metropolitan Life Insurance Co. NY now owns 19,779 shares of the credit services provider’s stock worth $238,000 after purchasing an additional 4,920 shares during the period. AXA raised its stake in EZCORP by 511.7% during the third quarter. AXA now owns 185,971 shares of the credit services provider’s stock worth $1,990,000 after purchasing an additional 155,571 shares during the period. Finally, Huber Capital Management LLC raised its stake in EZCORP by 11.8% during the third quarter. Huber Capital Management LLC now owns 1,321,676 shares of the credit services provider’s stock worth $14,142,000 after purchasing an additional 139,872 shares during the period.

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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