Jefferies Group Analysts Lift Earnings Estimates for EZCorp. (EZPW)

EZCorp. (NASDAQ:EZPW) – Equities researchers at Jefferies Group upped their Q3 2018 earnings per share estimates for shares of EZCorp. in a research report issued to clients and investors on Thursday, May 3rd. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will post earnings per share of $0.18 for the quarter, up from their previous estimate of $0.17. Jefferies Group currently has a “Buy” rating and a $16.00 target price on the stock. Jefferies Group also issued estimates for EZCorp.’s Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.83 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.30 EPS and FY2019 earnings at $1.06 EPS.

A number of other research firms have also weighed in on EZPW. BidaskClub lowered shares of EZCorp. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 22nd. Zacks Investment Research upgraded shares of EZCorp. from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Thursday, February 1st. Finally, ValuEngine upgraded shares of EZCorp. from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.00.

NASDAQ:EZPW opened at $14.80 on Monday. EZCorp. has a 1-year low of $7.55 and a 1-year high of $14.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.47 and a current ratio of 3.27. The firm has a market capitalization of $806.07, a P/E ratio of 23.87 and a beta of 1.61.

EZCorp. (NASDAQ:EZPW) last posted its quarterly earnings data on Wednesday, May 2nd. The credit services provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. EZCorp. had a net margin of 5.33% and a return on equity of 6.81%. The firm had revenue of $202.73 million for the quarter, compared to analyst estimates of $201.59 million. During the same period last year, the firm posted $0.15 EPS. EZCorp.’s quarterly revenue was up 6.9% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in EZPW. Wells Fargo & Company MN lifted its holdings in EZCorp. by 44.7% in the third quarter. Wells Fargo & Company MN now owns 62,377 shares of the credit services provider’s stock valued at $593,000 after acquiring an additional 19,280 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in EZCorp. by 6.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 540,980 shares of the credit services provider’s stock valued at $5,140,000 after acquiring an additional 31,110 shares during the period. Dimensional Fund Advisors LP lifted its holdings in EZCorp. by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,309,470 shares of the credit services provider’s stock valued at $40,941,000 after acquiring an additional 272,095 shares during the period. California Public Employees Retirement System lifted its holdings in EZCorp. by 9.1% in the third quarter. California Public Employees Retirement System now owns 364,695 shares of the credit services provider’s stock valued at $3,465,000 after acquiring an additional 30,295 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in EZCorp. by 21.5% in the fourth quarter. Acadian Asset Management LLC now owns 265,975 shares of the credit services provider’s stock valued at $3,245,000 after acquiring an additional 47,098 shares during the period. 92.81% of the stock is owned by institutional investors.

About EZCorp.

EZCORP, Inc provides pawn loans. The company operates through three segments: U.S. Pawn, Mexico Pawn, and Other International. It offers pawn loans, which are non-recourse loans collateralized by tangible personal property, such as jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, including collateral forfeited from pawn lending operations and used merchandise purchased from customers.

Earnings History and Estimates for EZCorp. (NASDAQ:EZPW)

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