EZCORP, Inc. (NASDAQ:EZPW) Stock Rating Lowered by BidaskClub
EZCORP, Inc. (NASDAQ:EZPW) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.
EZPW has been the topic of a number of other reports. Stephens raised shares of EZCORP from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of EZCORP from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Jefferies Group LLC reissued a “hold” rating and issued a $10.50 target price on shares of EZCORP in a research note on Friday, June 16th. Finally, TheStreet raised shares of EZCORP from a “d+” rating to a “c-” rating in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. EZCORP has an average rating of “Hold” and an average target price of $9.88.
Shares of EZCORP (NASDAQ EZPW) opened at 7.70 on Thursday. The company has a market capitalization of $418.05 million, a PE ratio of 34.37 and a beta of 1.98. EZCORP has a 52 week low of $7.55 and a 52 week high of $12.00. The firm’s 50-day moving average price is $8.73 and its 200 day moving average price is $9.12.
EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Wednesday, May 3rd. The credit services provider reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $189.60 million for the quarter, compared to analyst estimates of $190.04 million. EZCORP had a net margin of 1.73% and a return on equity of 3.29%. EZCORP’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts predict that EZCORP will post $0.51 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in EZCORP by 2.2% in the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock worth $113,000 after buying an additional 300 shares during the period. Oxford Asset Management acquired a new position in EZCORP during the first quarter worth $130,000. Teachers Retirement System of The State of Kentucky raised its position in EZCORP by 833.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 16,800 shares of the credit services provider’s stock worth $137,000 after buying an additional 15,000 shares during the period. Two Sigma Securities LLC acquired a new position in EZCORP during the first quarter worth $153,000. Finally, Louisiana State Employees Retirement System raised its position in EZCORP by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the credit services provider’s stock worth $162,000 after buying an additional 400 shares during the period. 85.60% of the stock is currently owned by institutional investors and hedge funds.
EZCORP Company Profile
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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