EZCORP (EZPW) Stock Rating Lowered by BidaskClub
EZCORP (NASDAQ:EZPW) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.
EZPW has been the topic of a number of other research reports. Jefferies Group restated a “buy” rating and issued a $12.00 target price (up previously from $10.50) on shares of EZCORP in a research note on Tuesday, October 10th. ValuEngine upgraded EZCORP from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research downgraded EZCORP from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $13.00.
Shares of EZCORP (NASDAQ EZPW) traded down $0.05 on Tuesday, hitting $12.05. The stock had a trading volume of 1,244,059 shares, compared to its average volume of 525,711. EZCORP has a 1 year low of $7.55 and a 1 year high of $12.50. The company has a quick ratio of 5.88, a current ratio of 8.01 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $658.20, a P/E ratio of 20.42 and a beta of 1.97.
EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, November 15th. The credit services provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. EZCORP had a return on equity of 5.40% and a net margin of 4.26%. The firm had revenue of $182.07 million for the quarter, compared to the consensus estimate of $188.84 million. During the same quarter in the prior year, the business earned ($0.31) earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. equities research analysts expect that EZCORP will post 0.84 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of EZCORP by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,309,470 shares of the credit services provider’s stock worth $40,941,000 after buying an additional 272,095 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of EZCORP by 4.8% in the second quarter. Vanguard Group Inc. now owns 3,725,298 shares of the credit services provider’s stock worth $28,684,000 after buying an additional 168,983 shares during the last quarter. Rovida Advisors Inc. boosted its stake in shares of EZCORP by 3.3% in the third quarter. Rovida Advisors Inc. now owns 3,175,000 shares of the credit services provider’s stock worth $30,163,000 after buying an additional 100,000 shares during the last quarter. Huber Capital Management LLC boosted its stake in shares of EZCORP by 46.2% in the second quarter. Huber Capital Management LLC now owns 2,262,319 shares of the credit services provider’s stock worth $17,420,000 after buying an additional 715,233 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in EZCORP by 25.2% during the third quarter. JPMorgan Chase & Co. now owns 2,045,860 shares of the credit services provider’s stock worth $20,970,000 after purchasing an additional 411,457 shares in the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.
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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