EZCORP (NASDAQ:EZPW) Cut to Sell at Zacks Investment Research


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Zacks Investment Research cut shares of EZCORP (NASDAQ:EZPW) from a hold rating to a sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Shares of EZCORP stock opened at $5.23 on Wednesday. The company has a market capitalization of $290.78 million, a P/E ratio of -4.22 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.75 and a current ratio of 4.48. The company has a fifty day moving average of $5.24 and a 200 day moving average of $5.03. EZCORP has a fifty-two week low of $4.34 and a fifty-two week high of $6.84.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Tuesday, February 2nd. The credit services provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.24. The company had revenue of $178.10 million during the quarter, compared to the consensus estimate of $194.63 million. EZCORP had a negative net margin of 8.32% and a positive return on equity of 3.32%. EZCORP’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. Analysts forecast that EZCORP will post -0.2 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vantage Consulting Group Inc bought a new position in shares of EZCORP during the 4th quarter valued at about $27,000. ProShare Advisors LLC bought a new position in shares of EZCORP during the 4th quarter valued at about $56,000. Investment Management Associates Inc. ADV bought a new position in shares of EZCORP during the 4th quarter valued at about $60,000. Jane Street Group LLC bought a new position in shares of EZCORP during the 4th quarter valued at about $60,000. Finally, AQR Capital Management LLC bought a new position in shares of EZCORP during the 3rd quarter valued at about $80,000. 86.20% of the stock is owned by institutional investors and hedge funds.

EZCORP Company Profile

EZCORP, Inc provides pawn loans in the United States and Latin America. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, 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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