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. “
EZPW has been the subject of several other research reports. Jefferies Group restated a hold rating and issued a $9.00 target price on shares of Ezcorp in a report on Thursday, August 4th. CL King upgraded shares of Ezcorp from a neutral rating to a buy rating and set a $11.25 target price for the company in a report on Wednesday, August 17th. Finally, Wells Fargo & Co. upgraded shares of Ezcorp from a market perform rating to an outperform rating in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $11.08.
Ezcorp (NASDAQ:EZPW) remained flat at $10.61 during mid-day trading on Tuesday. 29,948 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $10.30 and a 200 day moving average of $7.66. Ezcorp has a 12 month low of $2.44 and a 12 month high of $11.33. The firm’s market capitalization is $572.74 million.
Ezcorp (NASDAQ:EZPW) last issued its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. Ezcorp had a negative net margin of 23.29% and a negative return on equity of 3.34%. On average, analysts predict that Ezcorp will post ($1.57) earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Ezcorp by 295.2% in the second quarter. BlackRock Inc. now owns 14,433 shares of the company’s stock valued at $110,000 after buying an additional 10,781 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Ezcorp by 70.6% in the second quarter. BNP Paribas Arbitrage SA now owns 16,631 shares of the company’s stock worth $126,000 after buying an additional 6,885 shares during the last quarter. Profund Advisors LLC increased its position in shares of Ezcorp by 2.2% in the second quarter. Profund Advisors LLC now owns 16,790 shares of the company’s stock worth $127,000 after buying an additional 356 shares during the last quarter. Jefferies Group LLC purchased a new position in shares of Ezcorp during the second quarter worth approximately $128,000. Finally, Sigma Planning Corp increased its position in shares of Ezcorp by 35.5% in the second quarter. Sigma Planning Corp now owns 19,845 shares of the company’s stock worth $150,000 after buying an additional 5,200 shares during the last quarter. Hedge funds and other institutional investors own 79.56% of the company’s stock.
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and 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; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan 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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