EZCORP (NASDAQ:EZPW) Releases Earnings Results, Beats Expectations By $0.04 EPS

EZCORP (NASDAQ:EZPW) issued its quarterly earnings results on Wednesday. The credit services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04, Zacks reports. EZCORP had a return on equity of 10.37% and a net margin of 4.62%. The company had revenue of $285.64 million during the quarter, compared to the consensus estimate of $287.59 million. During the same period last year, the business posted $0.23 earnings per share.

EZCORP Stock Down 6.0 %

EZCORP stock traded down $0.66 during trading hours on Thursday, hitting $10.37. 633,963 shares of the stock traded hands, compared to its average volume of 544,877. The firm’s 50-day moving average price is $10.82 and its two-hundred day moving average price is $9.49. The company has a current ratio of 4.00, a quick ratio of 3.08 and a debt-to-equity ratio of 0.42. The company has a market cap of $571.91 million, a PE ratio of 16.57 and a beta of 1.13. EZCORP has a one year low of $7.70 and a one year high of $11.52.

Insider Buying and Selling at EZCORP

In related news, CRO Nicole Swies sold 2,250 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $11.38, for a total value of $25,605.00. Following the completion of the transaction, the executive now directly owns 71,458 shares in the company, valued at approximately $813,192.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EZPW. StockNews.com lowered EZCORP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 29th. TheStreet upgraded EZCORP from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. Finally, Canaccord Genuity Group raised their price target on EZCORP from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th.

About EZCORP

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.