EZCORP (NASDAQ:EZPW) Downgraded by BidaskClub

EZCORP (NASDAQ:EZPW) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other research firms have also recently issued reports on EZPW. TheStreet cut shares of EZCORP from a “b-” rating to a “c” rating in a research report on Monday, August 5th. Zacks Investment Research cut shares of EZCORP from a “hold” rating to a “sell” rating in a research report on Monday, September 16th. Finally, ValuEngine raised shares of EZCORP from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.50.

EZCORP stock opened at $6.11 on Thursday. EZCORP has a 12-month low of $6.01 and a 12-month high of $11.25. The stock has a market capitalization of $338.49 million, a P/E ratio of 7.73 and a beta of 1.74. The firm’s 50-day moving average is $7.61 and its two-hundred day moving average is $9.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 8.07 and a quick ratio of 5.66.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. EZCORP had a net margin of 0.26% and a return on equity of 6.52%. The company had revenue of $206.92 million for the quarter, compared to analysts’ expectations of $216.17 million. During the same period last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, analysts forecast that EZCORP will post 0.87 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in shares of EZCORP by 126.8% in the third quarter. State of Alaska Department of Revenue now owns 40,498 shares of the credit services provider’s stock worth $261,000 after acquiring an additional 22,639 shares during the last quarter. Hancock Whitney Corp lifted its position in EZCORP by 1,652.8% during the second quarter. Hancock Whitney Corp now owns 480,134 shares of the credit services provider’s stock valued at $4,547,000 after buying an additional 452,741 shares in the last quarter. Hodges Capital Management Inc. lifted its position in EZCORP by 32.1% during the second quarter. Hodges Capital Management Inc. now owns 41,150 shares of the credit services provider’s stock valued at $390,000 after buying an additional 10,000 shares in the last quarter. Royal Bank of Canada lifted its position in EZCORP by 3,894.4% during the second quarter. Royal Bank of Canada now owns 79,887 shares of the credit services provider’s stock valued at $757,000 after buying an additional 77,887 shares in the last quarter. Finally, United Services Automobile Association lifted its position in EZCORP by 19.7% during the second quarter. United Services Automobile Association now owns 31,342 shares of the credit services provider’s stock valued at $297,000 after buying an additional 5,155 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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.

Recommended Story: Day Trading – Risk Worth the Reward?

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.