EZCORP (NASDAQ:EZPW) Announces Earnings Results

EZCORP (NASDAQ:EZPW) posted its earnings results on Wednesday. The credit services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.15, FiscalAI reports. The company had revenue of $374.50 million for the quarter, compared to analyst estimates of $363.63 million. EZCORP had a net margin of 8.60% and a return on equity of 12.00%.

EZCORP Stock Performance

NASDAQ:EZPW traded up $0.52 during trading hours on Thursday, reaching $22.48. 311,796 shares of the company’s stock were exchanged, compared to its average volume of 754,408. EZCORP has a 1-year low of $12.20 and a 1-year high of $23.47. The company has a quick ratio of 4.37, a current ratio of 5.61 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 16.01 and a beta of 0.53. The company has a 50-day moving average of $20.65 and a 200 day moving average of $18.29.

Wall Street Analyst Weigh In

A number of research firms have commented on EZPW. Weiss Ratings restated a “buy (b)” rating on shares of EZCORP in a research report on Thursday, January 22nd. Citigroup reaffirmed an “outperform” rating on shares of EZCORP in a research note on Tuesday, January 20th. JMP Securities set a $23.00 price target on shares of EZCORP in a research report on Monday, November 3rd. Roth Mkm restated a “buy” rating and issued a $26.00 price objective on shares of EZCORP in a report on Tuesday, January 6th. Finally, Wall Street Zen cut EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Hedge Funds Weigh In On EZCORP

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP lifted its position in EZCORP by 5.4% during the 2nd quarter. Wasatch Advisors LP now owns 2,321,138 shares of the credit services provider’s stock worth $32,217,000 after acquiring an additional 118,641 shares during the period. Millennium Management LLC lifted its holdings in shares of EZCORP by 28.5% during the third quarter. Millennium Management LLC now owns 1,975,421 shares of the credit services provider’s stock worth $37,612,000 after purchasing an additional 437,601 shares during the period. Invesco Ltd. grew its position in EZCORP by 8.6% in the 3rd quarter. Invesco Ltd. now owns 1,246,427 shares of the credit services provider’s stock valued at $23,732,000 after buying an additional 99,059 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in EZCORP by 16.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,243,576 shares of the credit services provider’s stock valued at $23,678,000 after buying an additional 179,899 shares during the period. Finally, Two Sigma Investments LP increased its stake in EZCORP by 10.1% in the 3rd quarter. Two Sigma Investments LP now owns 1,144,852 shares of the credit services provider’s stock valued at $21,798,000 after buying an additional 105,288 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

EZCORP Company Profile

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.