BidaskClub Downgrades EZCORP (EZPW) to Sell

Share on StockTwits

EZCORP (NASDAQ:EZPW) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

EZPW has been the topic of several other research reports. Zacks Investment Research raised EZCORP from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Tuesday, January 8th. TheStreet downgraded EZCORP from a “b-” rating to a “c+” rating in a research report on Thursday, January 10th. Finally, ValuEngine downgraded EZCORP from a “hold” rating to a “sell” rating in a research report on Monday, November 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. EZCORP currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Shares of EZPW opened at $9.60 on Friday. The company has a market cap of $532.27 million, a PE ratio of 12.15 and a beta of 1.69. EZCORP has a 1 year low of $7.45 and a 1 year high of $15.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.26 and a current ratio of 2.94.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, January 30th. The credit services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.09. The firm had revenue of $218.10 million for the quarter, compared to the consensus estimate of $220.63 million. EZCORP had a return on equity of 6.47% and a net margin of 2.68%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. As a group, equities analysts forecast that EZCORP will post 0.95 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in EZPW. Millennium Management LLC grew its position in EZCORP by 393.8% in the 4th quarter. Millennium Management LLC now owns 866,014 shares of the credit services provider’s stock valued at $6,694,000 after acquiring an additional 690,645 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in EZCORP in the 4th quarter valued at $3,687,000. BlackRock Inc. grew its position in EZCORP by 3.5% in the 4th quarter. BlackRock Inc. now owns 7,842,921 shares of the credit services provider’s stock valued at $60,627,000 after acquiring an additional 264,920 shares during the last quarter. QS Investors LLC bought a new position in EZCORP in the 4th quarter valued at $1,641,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in EZCORP in the 4th quarter valued at $1,524,000. 99.04% 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.

See Also: Special Dividends

Receive News & Ratings for EZCORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EZCORP and related companies with MarketBeat.com's FREE daily email newsletter.