EZCORP (NASDAQ:EZPW) Upgraded to “Sell” by ValuEngine

ValuEngine upgraded shares of EZCORP (NASDAQ:EZPW) from a strong sell rating to a sell rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

EZPW has been the subject of a number of other research reports. TheStreet downgraded shares of EZCORP from a b- rating to a c rating in a research report on Monday, August 5th. BidaskClub downgraded shares of EZCORP from a hold rating to a sell rating in a research report on Saturday, September 21st. Finally, Zacks Investment Research downgraded shares of EZCORP from a hold rating to a sell rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating and one has given a buy rating to the company’s stock. EZCORP presently has an average rating of Hold and a consensus price target of $12.50.

EZPW stock traded up $0.03 during midday trading on Wednesday, reaching $6.11. The company had a trading volume of 430,219 shares, compared to its average volume of 667,475. EZCORP has a 1 year low of $6.01 and a 1 year high of $11.25. The company has a current ratio of 8.07, a quick ratio of 5.66 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $337.11 million, a P/E ratio of 7.73 and a beta of 1.74. The company has a 50 day moving average of $7.61 and a two-hundred day moving average of $9.09.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, July 31st. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $216.17 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that EZCORP will post 0.87 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC raised its holdings in shares of EZCORP by 373.3% during the 2nd quarter. Quantamental Technologies LLC now owns 5,112 shares of the credit services provider’s stock valued at $48,000 after purchasing an additional 4,032 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of EZCORP by 320.5% during the 2nd quarter. Bank of Montreal Can now owns 5,630 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 4,291 shares in the last quarter. Ellington Management Group LLC bought a new position in shares of EZCORP during the 2nd quarter valued at $100,000. First Citizens Bank & Trust Co. bought a new position in shares of EZCORP during the 2nd quarter valued at $121,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of EZCORP by 15.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,148 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 2,171 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

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.

Featured Story: What is the return on assets formula?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.