EZCORP (NASDAQ:EZPW) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of EZCORP (NASDAQ:EZPW) from a hold rating to a sell rating in a report published on Thursday morning, BidAskClub reports.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of EZCORP from a hold rating to a sell rating in a research note on Monday, August 12th. TheStreet lowered shares of EZCORP from a b- rating to a c rating in a research note on Monday, August 5th. Finally, ValuEngine lowered shares of EZCORP from a hold rating to a sell rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $12.50.

NASDAQ EZPW opened at $8.24 on Thursday. EZCORP has a one year low of $7.45 and a one year high of $11.50. The company has a 50-day simple moving average of $9.34 and a 200-day simple moving average of $9.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.66 and a current ratio of 8.07. The firm has a market capitalization of $451.88 million, a PE ratio of 10.43 and a beta of 1.73.

EZCORP (NASDAQ:EZPW) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $206.92 million during the quarter, compared to analyst estimates of $216.17 million. EZCORP had a net margin of 0.26% and a return on equity of 6.52%. EZCORP’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. Equities analysts forecast that EZCORP will post 0.9 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in EZCORP by 3,894.4% in the second quarter. Royal Bank of Canada now owns 79,887 shares of the credit services provider’s stock worth $757,000 after acquiring an additional 77,887 shares in the last quarter. United Services Automobile Association grew its position in EZCORP by 19.7% in the second quarter. United Services Automobile Association now owns 31,342 shares of the credit services provider’s stock worth $297,000 after acquiring an additional 5,155 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in EZCORP in the second quarter worth approximately $1,893,000. Victory Capital Management Inc. grew its position in EZCORP by 24.4% in the second quarter. Victory Capital Management Inc. now owns 226,950 shares of the credit services provider’s stock worth $2,149,000 after acquiring an additional 44,550 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in EZCORP in the second quarter worth approximately $803,000. 99.35% of the stock is owned by hedge funds and other institutional investors.

About EZCORP

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.

See Also: Outstanding Shares

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