Zacks: Brokerages Expect EZCORP Inc (NASDAQ:EZPW) Will Post Quarterly Sales of $209.81 Million
Analysts expect that EZCORP Inc (NASDAQ:EZPW) will announce $209.81 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for EZCORP’s earnings, with estimates ranging from $209.59 million to $210.02 million. EZCORP posted sales of $199.94 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that EZCORP will report full year sales of $856.60 million for the current fiscal year, with estimates ranging from $854.98 million to $858.21 million. For the next financial year, analysts forecast that the company will post sales of $921.53 million, with estimates ranging from $903.07 million to $940.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover EZCORP.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). EZCORP had a net margin of 1.63% and a return on equity of 6.27%. The firm had revenue of $214.70 million for the quarter, compared to analyst estimates of $219.87 million. During the same period in the previous year, the firm posted $0.21 EPS. The company’s revenue was up 5.9% compared to the same quarter last year.
NASDAQ EZPW traded up $0.05 during trading hours on Tuesday, reaching $9.69. The company had a trading volume of 186,845 shares, compared to its average volume of 263,051. The firm has a 50-day moving average price of $9.38. EZCORP has a 1-year low of $7.45 and a 1-year high of $12.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.93 and a quick ratio of 2.28. The company has a market capitalization of $537.26 million, a PE ratio of 12.27 and a beta of 1.76.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in EZCORP by 3.5% during the 4th quarter. BlackRock Inc. now owns 7,842,921 shares of the credit services provider’s stock worth $60,627,000 after purchasing an additional 264,920 shares in the last quarter. Millennium Management LLC increased its position in EZCORP by 393.8% during the 4th quarter. Millennium Management LLC now owns 866,014 shares of the credit services provider’s stock worth $6,694,000 after purchasing an additional 690,645 shares in the last quarter. Bank of America Corp DE increased its position in EZCORP by 5.1% during the 4th quarter. Bank of America Corp DE now owns 856,763 shares of the credit services provider’s stock worth $6,622,000 after purchasing an additional 41,898 shares in the last quarter. Bank of New York Mellon Corp increased its position in EZCORP by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 689,025 shares of the credit services provider’s stock worth $5,326,000 after purchasing an additional 17,190 shares in the last quarter. Finally, Northern Trust Corp increased its position in EZCORP by 1.4% during the 4th quarter. Northern Trust Corp now owns 631,541 shares of the credit services provider’s stock worth $4,882,000 after purchasing an additional 8,747 shares in the last quarter. Institutional investors and hedge funds own 99.30% of the company’s stock.
EZCORP Company Profile
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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