Zacks Investment Research downgraded shares of EZCORP (NASDAQ:EZPW) from a hold rating to a sell rating in a report published on Wednesday morning.

According to Zacks, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan. “

A number of other analysts have also issued reports on the company. TheStreet lowered EZCORP from a b- rating to a c+ rating in a research note on Thursday, January 10th. ValuEngine lowered EZCORP from a hold rating to a sell rating in a research note on Monday, December 31st. Finally, BidaskClub lowered EZCORP from a hold rating to a sell rating in a research note on Thursday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $13.00.

Shares of NASDAQ:EZPW opened at $10.02 on Wednesday. The company has a current ratio of 2.94, a quick ratio of 2.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $555.56 million, a PE ratio of 12.68 and a beta of 1.74. EZCORP has a 1 year low of $7.45 and a 1 year high of $15.10.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.09. The firm had revenue of $218.10 million for the quarter, compared to analyst estimates of $220.63 million. EZCORP had a return on equity of 6.47% and a net margin of 2.68%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Research analysts anticipate that EZCORP will post 0.85 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in EZCORP by 13.1% during the third quarter. Victory Capital Management Inc. now owns 150,800 shares of the credit services provider’s stock worth $1,614,000 after buying an additional 17,500 shares during the last quarter. Vanguard Group Inc boosted its stake in EZCORP by 2.5% during the third quarter. Vanguard Group Inc now owns 3,988,128 shares of the credit services provider’s stock worth $42,674,000 after buying an additional 95,691 shares during the last quarter. BlackRock Inc. boosted its stake in EZCORP by 2.1% during the third quarter. BlackRock Inc. now owns 7,578,001 shares of the credit services provider’s stock worth $81,084,000 after buying an additional 158,910 shares during the last quarter. Huber Capital Management LLC boosted its stake in EZCORP by 11.8% during the third quarter. Huber Capital Management LLC now owns 1,321,676 shares of the credit services provider’s stock worth $14,142,000 after buying an additional 139,872 shares during the last quarter. Finally, AXA boosted its stake in EZCORP by 511.7% during the third quarter. AXA now owns 185,971 shares of the credit services provider’s stock worth $1,990,000 after buying an additional 155,571 shares during the last quarter.

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.

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