EZCORP (NASDAQ:EZPW) Posts Earnings Results, Beats Expectations By $0.01 EPS

EZCORP (NASDAQ:EZPW) issued its earnings results on Wednesday. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01, Zacks reports. EZCORP had a net margin of 9.97% and a return on equity of 13.99%.

EZCORP Stock Performance

Shares of EZPW traded down $0.47 during trading hours on Wednesday, hitting $28.30. The stock had a trading volume of 904,562 shares, compared to its average volume of 893,427. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.45 and a current ratio of 4.81. The firm has a 50-day moving average price of $30.91 and a 200 day moving average price of $29.76. EZCORP has a fifty-two week low of $16.50 and a fifty-two week high of $37.13. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 14.29 and a beta of 0.76.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EZPW. Wall Street Zen downgraded EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Canaccord Genuity Group boosted their price objective on EZCORP from $44.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Finally, Weiss Ratings raised EZCORP from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, November 3rd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EZCORP has an average rating of “Moderate Buy” and an average price target of $39.00.

Insider Transactions at EZCORP

In related news, insider Ellen Bryant sold 30,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $34.77, for a total transaction of $1,043,100.00. Following the sale, the insider owned 117,786 shares in the company, valued at approximately $4,095,419.22. This trade represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.13% of the company’s stock.

EZCORP Company Profile

EZCORP, Inc. operates pawnshops that provide short-term loans secured by customers’ personal property and sell pre-owned merchandise. Its stores offer customers access to pawn loans and a way to buy or sell goods. Products commonly include jewelry, electronics, tools and musical instruments. The company operates under brands including EZPAWN and serves customers in the United States and parts of Latin America. Founded in 1989, EZCORP is headquartered in Austin, Texas. Its business focuses on pawn lending and the retail sale of secondhand goods.