ValuEngine Downgrades EZCORP (NASDAQ:EZPW) to Sell

EZCORP (NASDAQ:EZPW) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded EZCORP from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded EZCORP from a “c+” rating to a “b” rating in a research report on Friday, May 10th. B. Riley started coverage on EZCORP in a research report on Friday, April 12th. They set a “buy” rating and a $14.00 target price for the company. Finally, BidaskClub lowered EZCORP from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.50.

NASDAQ:EZPW traded down $0.29 on Thursday, hitting $8.67. 329,941 shares of the stock were exchanged, compared to its average volume of 210,593. The firm has a market capitalization of $546.13 million, a PE ratio of 10.97 and a beta of 1.73. EZCORP has a 52 week low of $7.45 and a 52 week high of $11.90. The company has a quick ratio of 2.28, a current ratio of 2.93 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $9.56.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The firm had revenue of $206.92 million during the quarter, compared to analysts’ expectations of $216.17 million. EZCORP had a return on equity of 6.54% and a net margin of 0.26%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. Sell-side analysts predict that EZCORP will post 0.92 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Swiss National Bank grew its position in shares of EZCORP by 3.8% during the 2nd quarter. Swiss National Bank now owns 97,650 shares of the credit services provider’s stock worth $925,000 after buying an additional 3,600 shares during the period. Stephens Investment Management Group LLC grew its position in shares of EZCORP by 8.3% during the 2nd quarter. Stephens Investment Management Group LLC now owns 2,018,845 shares of the credit services provider’s stock worth $19,118,000 after buying an additional 155,559 shares during the period. Aperio Group LLC grew its position in shares of EZCORP by 27.0% during the 2nd quarter. Aperio Group LLC now owns 38,137 shares of the credit services provider’s stock worth $361,000 after buying an additional 8,097 shares during the period. Boston Advisors LLC acquired a new position in shares of EZCORP in the 2nd quarter valued at approximately $424,000. Finally, SG Americas Securities LLC acquired a new position in shares of EZCORP in the 2nd quarter valued at approximately $276,000. Institutional investors own 99.00% 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.

Further Reading: Cost of Goods Sold (COGS)

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