EZCORP (EZPW) Stock Rating Upgraded by BidaskClub

EZCORP (NASDAQ:EZPW) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday, BidAskClub reports.

Other research analysts have also issued reports about the stock. B. Riley started coverage on shares of EZCORP in a research note on Friday, April 12th. They set a “buy” rating and a $14.00 price objective on the stock. Zacks Investment Research upgraded shares of EZCORP from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, January 31st. TheStreet lowered shares of EZCORP from a “b-” rating to a “c+” rating in a research note on Thursday, January 10th. Finally, ValuEngine upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. EZCORP presently has an average rating of “Buy” and a consensus price target of $12.50.

Shares of NASDAQ:EZPW opened at $10.76 on Friday. 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 one year low of $7.45 and a one year high of $15.10. The stock has a market cap of $596.59 million, a price-to-earnings ratio of 13.62 and a beta of 1.68.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $218.10 million for the quarter, compared to analyst estimates of $220.63 million. EZCORP had a net margin of 2.68% and a return on equity of 6.47%. EZCORP’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. As a group, equities analysts forecast that EZCORP will post 0.96 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Texas Permanent School Fund grew its stake in EZCORP by 4.2% in the 4th quarter. Texas Permanent School Fund now owns 33,776 shares of the credit services provider’s stock valued at $261,000 after buying an additional 1,376 shares during the last quarter. Victory Capital Management Inc. grew its stake in EZCORP by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 152,300 shares of the credit services provider’s stock valued at $1,177,000 after buying an additional 1,500 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in EZCORP by 7.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 27,643 shares of the credit services provider’s stock valued at $214,000 after buying an additional 1,970 shares during the last quarter. Loews Corp grew its stake in 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 buying an additional 2,263 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in 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 buying an additional 2,550 shares during the last quarter. Institutional investors and hedge funds own 99.00% of the company’s stock.

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.

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