Research Analysts Issue Forecasts for EZCORP, Inc.’s FY2017 Earnings (EZPW)

EZCORP, Inc. (NASDAQ:EZPW) – Analysts at Jefferies Group reduced their FY2017 EPS estimates for EZCORP in a research note issued to investors on Tuesday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will post earnings of $0.52 per share for the year, down from their prior forecast of $0.53. Jefferies Group currently has a “Buy” rating and a $12.00 target price on the stock. Jefferies Group also issued estimates for EZCORP’s Q1 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.15 EPS and FY2018 earnings at $0.67 EPS.

A number of other brokerages have also commented on EZPW. Zacks Investment Research lowered EZCORP from a “hold” rating to a “sell” rating in a research report on Thursday. Sidoti began coverage on EZCORP in a research report on Thursday, August 10th. They issued a “neutral” rating for the company. Finally, BidaskClub upgraded EZCORP from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

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Shares of EZCORP (EZPW) opened at 9.60 on Thursday. The firm has a market capitalization of $521.24 million, a P/E ratio of 22.12 and a beta of 1.96. The firm has a 50-day moving average of $9.47 and a 200-day moving average of $8.77. EZCORP has a one year low of $7.55 and a one year high of $12.00.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Monday, July 31st. The credit services provider reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). EZCORP had a net margin of 3.16% and a return on equity of 3.65%. The business had revenue of $183.60 million during the quarter, compared to analyst estimates of $182.10 million. EZCORP’s revenue for the quarter was up 7.9% on a year-over-year basis.

Institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA grew its position in shares of EZCORP by 59.3% during the 2nd quarter. Federated Investors Inc. PA now owns 218,507 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 81,356 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of EZCORP during the 2nd quarter worth about $1,325,000. Rovida Advisors Inc. grew its position in shares of EZCORP by 20.8% during the 2nd quarter. Rovida Advisors Inc. now owns 3,075,000 shares of the credit services provider’s stock worth $23,524,000 after buying an additional 528,591 shares during the period. Principal Financial Group Inc. grew its position in shares of EZCORP by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 370,583 shares of the credit services provider’s stock worth $3,020,000 after buying an additional 15,202 shares during the period. Finally, CNA Financial Corp grew its position in shares of EZCORP by 79.8% during the 2nd quarter. CNA Financial Corp now owns 73,900 shares of the credit services provider’s stock worth $569,000 after buying an additional 32,800 shares during the period. Institutional investors own 89.43% of the company’s stock.

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.

Earnings History and Estimates for EZCORP (NASDAQ:EZPW)

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