EZCORP Inc (NASDAQ:EZPW) was upgraded by equities researchers at Stephens from an “underweight” rating to an “equal weight” rating in a note issued to investors on Friday. The analysts noted that the move was a valuation call.
Other equities analysts have also recently issued reports about the company. Wells Fargo & Co downgraded EZCORP from an “outperform” rating to a “market perform” rating in a report on Monday, December 12th. Zacks Investment Research raised EZCORP from a “sell” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, December 14th. TheStreet cut EZCORP from a “c” rating to a “d+” rating in a research report on Thursday, January 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $11.00 price target on shares of EZCORP in a research report on Wednesday, January 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. EZCORP presently has an average rating of “Hold” and an average target price of $10.00.
Shares of EZCORP (NASDAQ:EZPW) opened at 8.85 on Friday. The stock’s 50 day moving average price is $8.33 and its 200 day moving average price is $9.83. The stock’s market cap is $480.48 million. EZCORP has a 1-year low of $4.40 and a 1-year high of $12.00.
EZCORP (NASDAQ:EZPW) last posted its quarterly earnings data on Thursday, February 2nd. The credit services provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. EZCORP had a positive return on equity of 1.23% and a negative net margin of 9.26%. The firm earned $192.60 million during the quarter, compared to the consensus estimate of $201.72 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that EZCORP will post $0.50 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in EZCORP by 4.7% in the third quarter. BlackRock Fund Advisors now owns 3,600,944 shares of the credit services provider’s stock valued at $39,826,000 after buying an additional 160,979 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in EZCORP by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,545,649 shares of the credit services provider’s stock valued at $37,762,000 after buying an additional 498,539 shares in the last quarter. JPMorgan Chase & Co. boosted its position in EZCORP by 199.0% in the third quarter. JPMorgan Chase & Co. now owns 2,216,800 shares of the credit services provider’s stock valued at $24,517,000 after buying an additional 1,475,458 shares in the last quarter. Rovida Advisors Inc. boosted its position in EZCORP by 13.0% in the third quarter. Rovida Advisors Inc. now owns 1,330,000 shares of the credit services provider’s stock valued at $14,697,000 after buying an additional 153,238 shares in the last quarter. Finally, State Street Corp boosted its position in EZCORP by 5.0% in the fourth quarter. State Street Corp now owns 1,159,125 shares of the credit services provider’s stock valued at $12,345,000 after buying an additional 54,755 shares in the last quarter. 87.57% of the stock is owned by institutional investors and hedge funds.
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and 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; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan 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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