BidaskClub Lowers EZCORP (EZPW) to Sell

BidaskClub downgraded shares of EZCORP (NASDAQ:EZPW) from a hold rating to a sell rating in a research note published on Saturday morning, BidAskClub reports.

EZPW has been the topic of several other reports. Zacks Investment Research raised EZCORP from a sell rating to a hold rating in a research report on Monday, March 11th. ValuEngine raised EZCORP from a sell rating to a hold rating in a research report on Tuesday, April 16th. B. Riley started coverage on EZCORP in a research report on Friday, April 12th. They set a buy rating and a $14.00 price target on the stock. Finally, TheStreet raised EZCORP from a c+ rating to a b rating in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $12.50.

NASDAQ EZPW opened at $9.00 on Friday. The stock has a market capitalization of $506.77 million, a PE ratio of 11.39 and a beta of 1.73. EZCORP has a 1-year low of $7.45 and a 1-year high of $13.45. The company has a current ratio of 2.93, a quick ratio of 2.28 and a debt-to-equity ratio of 0.31.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings data 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). The firm had revenue of $214.70 million during the quarter, compared to analyst estimates of $219.87 million. EZCORP had a net margin of 1.63% and a return on equity of 6.27%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. Sell-side analysts expect that EZCORP will post 0.93 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in EZPW. Perritt Capital Management Inc. acquired a new position in shares of EZCORP in the 4th quarter valued at approximately $77,000. BNP Paribas Arbitrage SA raised its position in shares of EZCORP by 98.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,706 shares of the credit services provider’s stock valued at $109,000 after purchasing an additional 5,814 shares in the last quarter. Loews Corp raised its position in shares of EZCORP by 20.1% in the 4th quarter. Loews Corp now owns 13,509 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 2,263 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of EZCORP in the 4th quarter valued at approximately $110,000. Finally, Sigma Planning Corp raised its position in shares of EZCORP by 17.7% in the 4th quarter. Sigma Planning Corp now owns 16,936 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 2,550 shares in the last quarter. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: P/E Growth (PEG)

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