Shares of EZCORP Inc (NASDAQ:EZPW) have been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.50.
A number of equities analysts have commented on EZPW shares. BidaskClub raised EZCORP from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Zacks Investment Research raised EZCORP from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Tuesday, January 8th. Finally, TheStreet cut EZCORP from a “b-” rating to a “c+” rating in a research note on Thursday, January 10th.
Several institutional investors and hedge funds have recently bought and sold shares of EZPW. Bank of New York Mellon Corp increased its stake in shares of EZCORP by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 671,835 shares of the credit services provider’s stock valued at $7,189,000 after buying an additional 23,893 shares during the period. BlackRock Inc. boosted its position in shares of EZCORP by 2.1% during the third quarter. BlackRock Inc. now owns 7,578,001 shares of the credit services provider’s stock valued at $81,084,000 after purchasing an additional 158,910 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of EZCORP by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,342,990 shares of the credit services provider’s stock valued at $46,470,000 after purchasing an additional 29,248 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of EZCORP during the third quarter valued at approximately $208,000. Finally, MetLife Investment Advisors LLC boosted its position in shares of EZCORP by 63.0% during the third quarter. MetLife Investment Advisors LLC now owns 41,645 shares of the credit services provider’s stock valued at $446,000 after purchasing an additional 16,102 shares in the last quarter. 99.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ EZPW traded up $0.09 during trading hours on Friday, reaching $10.80. 7,357 shares of the stock traded hands, compared to its average volume of 410,741. The stock has a market cap of $584.39 million, a price-to-earnings ratio of 13.70 and a beta of 1.68. The company has a current ratio of 2.94, a quick ratio of 2.26 and a debt-to-equity ratio of 0.31. EZCORP has a 52-week low of $7.45 and a 52-week high of $15.10.
EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.09. The business had revenue of $218.10 million for the quarter, compared to analysts’ expectations of $220.63 million. EZCORP had a return on equity of 6.47% and a net margin of 2.68%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. On average, analysts forecast that EZCORP will post 0.96 EPS for the current fiscal year.
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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