According to Zacks, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan. “
A number of other equities research analysts have also recently weighed in on EZPW. ValuEngine cut Yext from a strong-buy rating to a buy rating in a research note on Friday, May 10th. B. Riley set a $169.00 price objective on Intercept Pharmaceuticals and gave the company a buy rating in a research note on Friday, April 12th. BidaskClub upgraded Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. Finally, TheStreet cut USD Partners from a b- rating to a c+ rating in a research note on Friday, May 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $12.50.
EZCORP (NASDAQ:EZPW) last posted its 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). The business had revenue of $214.70 million for the quarter, compared to analysts’ expectations of $219.87 million. EZCORP had a return on equity of 6.27% and a net margin of 1.63%. EZCORP’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. Research analysts predict that EZCORP will post 0.92 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its stake in EZCORP by 98.7% in the first quarter. BNP Paribas Arbitrage SA now owns 11,706 shares of the credit services provider’s stock valued at $109,000 after buying an additional 5,814 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in EZCORP in the second quarter valued at approximately $121,000. Two Sigma Securities LLC purchased a new stake in EZCORP in the fourth quarter valued at approximately $110,000. Oregon Public Employees Retirement Fund purchased a new stake in EZCORP in the fourth quarter valued at approximately $152,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of EZCORP by 437.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,779 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 16,102 shares during the period. Institutional investors 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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