EZCORP (NASDAQ:EZPW) Upgraded to “Sell” by BidaskClub

BidaskClub upgraded shares of EZCORP (NASDAQ:EZPW) from a strong sell rating to a sell rating in a report published on Thursday morning, BidAskClub reports.

Other equities analysts have also recently issued reports about the company. ValuEngine cut EZCORP from a hold rating to a sell rating in a research note on Thursday, August 1st. TheStreet cut EZCORP from a b- rating to a c rating in a research note on Monday, August 5th. Finally, Zacks Investment Research raised EZCORP from a sell rating to a hold rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. EZCORP currently has a consensus rating of Hold and an average target price of $12.50.

EZCORP stock traded up $0.09 during trading hours on Thursday, reaching $8.35. The company had a trading volume of 579,217 shares, compared to its average volume of 399,444. The company has a debt-to-equity ratio of 0.32, a current ratio of 8.07 and a quick ratio of 5.66. The company has a 50-day moving average price of $8.47 and a 200 day moving average price of $9.39. The firm has a market cap of $444.11 million, a price-to-earnings ratio of 10.57 and a beta of 1.77. EZCORP has a 12-month low of $7.45 and a 12-month high of $11.25.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The business had revenue of $206.92 million for the quarter, compared to analysts’ expectations of $216.17 million. EZCORP had a return on equity of 6.52% and a net margin of 0.26%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. As a group, research analysts expect that EZCORP will post 0.88 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its position in shares of EZCORP by 5.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 29,050 shares of the credit services provider’s stock worth $275,000 after buying an additional 1,427 shares during the last quarter. Arizona State Retirement System boosted its position in shares of EZCORP by 1.8% during the first quarter. Arizona State Retirement System now owns 80,950 shares of the credit services provider’s stock valued at $754,000 after purchasing an additional 1,463 shares in the last quarter. Stone Ridge Asset Management LLC boosted its position in shares of EZCORP by 6.0% during the second quarter. Stone Ridge Asset Management LLC now owns 31,660 shares of the credit services provider’s stock valued at $300,000 after purchasing an additional 1,800 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of EZCORP by 5.5% during the first quarter. Texas Permanent School Fund now owns 35,630 shares of the credit services provider’s stock valued at $332,000 after purchasing an additional 1,854 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of EZCORP by 2.1% during the first quarter. First Trust Advisors LP now owns 95,656 shares of the credit services provider’s stock valued at $892,000 after purchasing an additional 1,936 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

About EZCORP

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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