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.
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.
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