EZCORP (NASDAQ:EZPW) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

by · The Cerbat Gem

EZCORP (NASDAQ:EZPW – Get Free Report) issued its quarterly earnings results on Wednesday. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.14, FiscalAI reports. The business had revenue of $382.02 million for the quarter, compared to analyst estimates of $363.63 million. EZCORP had a net margin of 8.60% and a return on equity of 12.00%.

EZCORP Price Performance

Shares of NASDAQ:EZPW traded down $0.16 during midday trading on Wednesday, hitting $21.93. 722,831 shares of the stock were exchanged, compared to its average volume of 763,048. EZCORP has a twelve month low of $12.06 and a twelve month high of $22.28. The company has a current ratio of 5.61, a quick ratio of 4.37 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $20.59 and a 200-day moving average price of $18.27. The stock has a market cap of $1.34 billion, a P/E ratio of 15.56 and a beta of 0.53.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EZPW shares. Roth Mkm reiterated a “buy” rating and set a $26.00 target price on shares of EZCORP in a research report on Tuesday, January 6th. Canaccord Genuity Group upped their price objective on EZCORP from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Citigroup reiterated an “outperform” rating on shares of EZCORP in a research report on Tuesday, January 20th. JMP Securities set a $23.00 target price on shares of EZCORP in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EZCORP in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Read Our Latest Analysis on EZCORP

Hedge Funds Weigh In On EZCORP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming grew its position in shares of EZCORP by 178.1% in the second quarter. State of Wyoming now owns 11,069 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 7,089 shares during the last quarter. Palisade Capital Management LP purchased a new stake in EZCORP in the 2nd quarter valued at approximately $179,000. Creative Planning grew its holdings in EZCORP by 19.8% during the 3rd quarter. Creative Planning now owns 12,472 shares of the credit services provider’s stock valued at $237,000 after buying an additional 2,064 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of EZCORP in the third quarter valued at $276,000. Finally, Royal Bank of Canada boosted its stake in shares of EZCORP by 23.6% during the first quarter. Royal Bank of Canada now owns 19,375 shares of the credit services provider’s stock valued at $286,000 after acquiring an additional 3,705 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

EZCORP Company Profile

(Get Free Report)

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.

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