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. “
Several other analysts also recently weighed in on EZPW. ValuEngine upgraded EZCORP from a sell rating to a hold rating in a research report on Wednesday, July 17th. TheStreet upgraded EZCORP from a c+ rating to a b rating in a research report on Friday, May 10th. B. Riley assumed coverage on EZCORP in a research report on Friday, April 12th. They issued a buy rating and a $14.00 price objective for the company. Finally, BidaskClub downgraded EZCORP from a hold rating to a sell rating in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. EZCORP presently has a consensus rating of Hold and an average target price of $12.50.
EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The business had revenue of $206.92 million during the quarter, compared to analyst estimates of $216.17 million. EZCORP had a return on equity of 6.54% and a net margin of 0.26%. EZCORP’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. On average, research analysts expect that EZCORP will post 0.92 EPS for the current year.
A number of hedge funds have recently made changes to their positions in EZPW. Millennium Management LLC lifted its position in EZCORP by 393.8% in the fourth quarter. Millennium Management LLC now owns 866,014 shares of the credit services provider’s stock valued at $6,694,000 after purchasing an additional 690,645 shares during the last quarter. 361 Capital LLC bought a new stake in EZCORP in the first quarter valued at approximately $2,568,000. BlackRock Inc. lifted its position in EZCORP by 3.5% in the fourth quarter. BlackRock Inc. now owns 7,842,921 shares of the credit services provider’s stock valued at $60,627,000 after purchasing an additional 264,920 shares during the last quarter. Foundry Partners LLC lifted its position in EZCORP by 54.1% in the first quarter. Foundry Partners LLC now owns 567,000 shares of the credit services provider’s stock valued at $5,284,000 after purchasing an additional 199,025 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in EZCORP in the first quarter valued at approximately $1,570,000. Hedge funds and other institutional investors own 99.00% of the company’s stock.
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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