EZCORP Inc (NASDAQ:EZPW) – Investment analysts at Jefferies Financial Group cut their Q2 2020 earnings per share estimates for shares of EZCORP in a research note issued on Thursday, December 5th. Jefferies Financial Group analyst J. Hecht now expects that the credit services provider will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.24. Jefferies Financial Group currently has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for EZCORP’s Q3 2020 earnings at $0.17 EPS and Q4 2020 earnings at $0.16 EPS.
Several other research firms have also recently issued reports on EZPW. B. Riley cut their price objective on shares of EZCORP from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Zacks Investment Research upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. ValuEngine upgraded shares of EZCORP from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub upgraded shares of EZCORP from a “strong sell” rating to a “sell” rating in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.50.
EZCORP (NASDAQ:EZPW) last released its quarterly earnings data on Thursday, December 5th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. EZCORP had a net margin of 0.20% and a return on equity of 6.59%. The firm had revenue of $214.34 million during the quarter, compared to analysts’ expectations of $214.99 million. During the same period last year, the business earned $0.28 earnings per share. EZCORP’s revenue was up 4.1% compared to the same quarter last year.
Several institutional investors and hedge funds have recently made changes to their positions in EZPW. Renaissance Technologies LLC increased its position in shares of EZCORP by 44.7% during the second quarter. Renaissance Technologies LLC now owns 1,794,921 shares of the credit services provider’s stock valued at $16,998,000 after acquiring an additional 554,121 shares during the last quarter. Hancock Whitney Corp increased its position in shares of 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 acquiring an additional 452,741 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of EZCORP during the second quarter valued at about $1,893,000. Stephens Investment Management Group LLC increased its position in shares of EZCORP by 8.3% during the second quarter. Stephens Investment Management Group LLC now owns 2,018,845 shares of the credit services provider’s stock valued at $19,118,000 after acquiring an additional 155,559 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of EZCORP by 49.8% during the second quarter. Invesco Ltd. now owns 342,048 shares of the credit services provider’s stock valued at $3,239,000 after acquiring an additional 113,685 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.
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.
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