Brokerages Anticipate EZCORP, Inc. (NASDAQ:EZPW) to Announce $0.08 EPS

Brokerages expect EZCORP, Inc. (NASDAQ:EZPW – Get Rating) to report earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for EZCORP’s earnings. EZCORP reported earnings per share of $0.17 during the same quarter last year, which would indicate a negative year over year growth rate of 52.9%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that EZCORP will report full year earnings of $0.53 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.70 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for EZCORP.

EZCORP (NASDAQ:EZPW – Get Rating) last announced its quarterly earnings results on Wednesday, February 2nd. The credit services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $220.99 million for the quarter, compared to the consensus estimate of $197.72 million. EZCORP had a return on equity of 4.47% and a net margin of 2.59%.

EZPW has been the subject of several recent research reports. Zacks Investment Research cut EZCORP from a “hold” rating to a “sell” rating in a research note on Monday, February 7th. StockNews.com initiated coverage on shares of EZCORP in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Jefferies Financial Group upgraded EZCORP from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, EZCORP presently has an average rating of “Buy” and a consensus target price of $8.13.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in EZCORP by 0.9% during the third quarter. Geode Capital Management LLC now owns 869,060 shares of the credit services provider’s stock worth $6,578,000 after buying an additional 8,034 shares during the last quarter. Wolverine Trading LLC purchased a new position in EZCORP during the third quarter valued at approximately $160,000. Boston Partners grew its position in shares of EZCORP by 9.1% during the 3rd quarter. Boston Partners now owns 146,640 shares of the credit services provider’s stock valued at $1,110,000 after purchasing an additional 12,281 shares in the last quarter. GSA Capital Partners LLP bought a new position in EZCORP in the 3rd quarter worth about $730,000. Finally, IndexIQ Advisors LLC raised its stake in EZCORP by 11.1% in the third quarter. IndexIQ Advisors LLC now owns 90,462 shares of the credit services provider’s stock valued at $685,000 after purchasing an additional 9,061 shares in the last quarter. Hedge funds and other institutional investors own 84.94% of the company’s stock.

Shares of NASDAQ:EZPW traded down $0.14 during trading on Tuesday, reaching $6.92. 252,809 shares of the stock were exchanged, compared to its average volume of 407,538. The firm has a market cap of $391.17 million, a PE ratio of 23.86, a PEG ratio of 0.39 and a beta of 1.39. The company has a current ratio of 4.26, a quick ratio of 3.41 and a debt-to-equity ratio of 0.48. EZCORP has a 12 month low of $5.09 and a 12 month high of $8.80. The stock has a 50-day moving average price of $6.29 and a 200-day moving average price of $6.88.

About EZCORP (Get Rating)

EZCORP, Inc provides pawn loans in the United States and Latin America. It offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments. The company also sells merchandise, primarily collateral forfeited from pawn lending operations and pre-owned merchandise purchased from customers.

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