EZCORP (NASDAQ:EZPW) Releases Earnings Results, Beats Expectations By $0.14 EPS

EZCORP (NASDAQ:EZPW) released its quarterly earnings data on Wednesday. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.14, FiscalAI reports. EZCORP had a net margin of 8.60% and a return on equity of 12.00%. The business had revenue of $382.02 million during the quarter, compared to analysts’ expectations of $363.63 million.

EZCORP Stock Performance

NASDAQ EZPW traded down $0.16 during trading on Wednesday, reaching $21.93. The company’s stock had a trading volume of 722,831 shares, compared to its average volume of 763,048. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.37 and a current ratio of 5.61. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 15.56 and a beta of 0.53. EZCORP has a twelve month low of $12.06 and a twelve month high of $22.28. The business’s fifty day moving average price is $20.59 and its 200-day moving average price is $18.27.

Hedge Funds Weigh In On EZCORP

Several institutional investors have recently added to or reduced their stakes in EZPW. Kestra Private Wealth Services LLC purchased a new stake in EZCORP during the 3rd quarter valued at approximately $406,000. Dark Forest Capital Management LP purchased a new stake in shares of EZCORP during the third quarter worth approximately $933,000. Verition Fund Management LLC raised its stake in shares of EZCORP by 156.4% during the third quarter. Verition Fund Management LLC now owns 96,554 shares of the credit services provider’s stock worth $1,838,000 after purchasing an additional 58,891 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of EZCORP by 16.9% during the third quarter. Qube Research & Technologies Ltd now owns 1,243,576 shares of the credit services provider’s stock worth $23,678,000 after purchasing an additional 179,899 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in EZCORP in the 3rd quarter valued at $276,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EZPW shares. Roth Mkm reaffirmed a “buy” rating and issued a $26.00 price target on shares of EZCORP in a report on Tuesday, January 6th. Wall Street Zen cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of EZCORP in a research note on Thursday, January 22nd. Canaccord Genuity Group upped their price objective on shares of EZCORP from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Finally, Citigroup reiterated an “outperform” rating on shares of EZCORP in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.00.

EZCORP Company Profile

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.