EZCORP (NASDAQ:EZPW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $13.00 target price on the credit services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 7.44% from the company’s previous close.
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. “
A number of other equities analysts have also recently commented on the stock. ValuEngine raised shares of EZCORP from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Jefferies Group reissued a “buy” rating and set a $13.00 target price on shares of EZCORP in a report on Friday, November 17th. Finally, BidaskClub downgraded EZCORP from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.00.
EZCORP (NASDAQ:EZPW) last released its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. EZCORP had a net margin of 4.26% and a return on equity of 5.40%. The firm had revenue of $182.07 million during the quarter, compared to analysts’ expectations of $188.84 million. During the same period in the previous year, the business posted ($0.31) earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. research analysts expect that EZCORP will post 0.84 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of EZPW. Campbell & CO Investment Adviser LLC acquired a new stake in shares of EZCORP during the third quarter worth $114,000. BNP Paribas Arbitrage SA lifted its holdings in shares of EZCORP by 41.3% during the second quarter. BNP Paribas Arbitrage SA now owns 23,439 shares of the credit services provider’s stock worth $180,000 after buying an additional 6,853 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of EZCORP during the third quarter worth $188,000. Voya Investment Management LLC lifted its holdings in shares of EZCORP by 13.9% during the second quarter. Voya Investment Management LLC now owns 26,290 shares of the credit services provider’s stock worth $202,000 after buying an additional 3,208 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of EZCORP by 6.6% during the second quarter. Thrivent Financial For Lutherans now owns 29,290 shares of the credit services provider’s stock worth $226,000 after buying an additional 1,810 shares in the last quarter. 92.61% of the stock is owned by institutional investors.
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EZCORP Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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