EZCORP Inc (NASDAQ:EZPW) – Stock analysts at B. Riley reduced their FY2019 earnings per share estimates for shares of EZCORP in a research note issued on Friday, August 2nd. B. Riley analyst S. Buck now forecasts that the credit services provider will post earnings of $0.90 per share for the year, down from their previous estimate of $0.95. B. Riley has a “Buy” rating and a $14.00 price objective on the stock. B. Riley also issued estimates for EZCORP’s Q4 2019 earnings at $0.20 EPS, Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.34 EPS and FY2020 earnings at $1.10 EPS.
Several other equities research analysts have also recently issued reports on EZPW. BidaskClub cut EZCORP from a “hold” rating to a “sell” rating in a report on Friday, July 12th. TheStreet raised EZCORP from a “c+” rating to a “b” rating in a report on Friday, May 10th. Zacks Investment Research raised EZCORP from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine cut EZCORP from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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. EZCORP had a return on equity of 6.52% and a net margin of 0.26%. The firm had revenue of $206.92 million for the quarter, compared to analysts’ expectations of $216.17 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stone Ridge Asset Management LLC increased its position in shares of EZCORP by 6.0% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 31,660 shares of the credit services provider’s stock valued at $300,000 after acquiring an additional 1,800 shares during the period. Swiss National Bank grew its position in 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 purchasing an additional 3,600 shares during the period. Stephens Investment Management Group LLC grew its position in 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 purchasing an additional 155,559 shares during the period. Aperio Group LLC grew its position in 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 purchasing an additional 8,097 shares during the period. Finally, Boston Advisors LLC acquired a new stake in EZCORP during the 2nd quarter worth about $424,000. 99.17% of the stock is currently owned by institutional investors.
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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