EZCORP (EZPW) Downgraded to Hold at BidaskClub

EZCORP (NASDAQ:EZPW) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.

EZPW has been the topic of several other reports. ValuEngine lowered shares of EZCORP from a “hold” rating to a “sell” rating in a report on Monday, November 26th. Zacks Investment Research raised shares of EZCORP from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Tuesday, January 8th. Finally, TheStreet lowered shares of EZCORP from a “b-” rating to a “c+” rating in a report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.00.

Get EZCORP alerts:

Shares of NASDAQ:EZPW opened at $10.24 on Wednesday. The company has a market cap of $561.66 million, a PE ratio of 12.96 and a beta of 1.74. EZCORP has a one year low of $7.45 and a one 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 issued its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.09. The company had revenue of $218.10 million for the quarter, compared to analyst estimates of $220.63 million. EZCORP had a net margin of 2.68% and a return on equity of 6.47%. EZCORP’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. Sell-side analysts anticipate that EZCORP will post 0.85 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in EZCORP by 3.5% during the fourth quarter. BlackRock Inc. now owns 7,842,921 shares of the credit services provider’s stock valued at $60,627,000 after buying an additional 264,920 shares during the period. Dimensional Fund Advisors LP increased its holdings in EZCORP by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,342,990 shares of the credit services provider’s stock valued at $46,470,000 after buying an additional 29,248 shares during the period. Vanguard Group Inc increased its holdings in EZCORP by 2.5% during the third quarter. Vanguard Group Inc now owns 3,988,128 shares of the credit services provider’s stock valued at $42,674,000 after buying an additional 95,691 shares during the period. Vanguard Group Inc. increased its holdings in EZCORP by 2.5% during the third quarter. Vanguard Group Inc. now owns 3,988,128 shares of the credit services provider’s stock valued at $42,674,000 after buying an additional 95,691 shares during the period. Finally, Huber Capital Management LLC grew its holdings in EZCORP by 11.8% in the third quarter. Huber Capital Management LLC now owns 1,321,676 shares of the credit services provider’s stock worth $14,142,000 after purchasing an additional 139,872 shares during the last quarter.

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.

Read More: Can individual investors take part in an IPO?