EZCORP (NASDAQ:EZPW) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of EZCORP (NASDAQ:EZPW) in a research report report published on Friday morning, Benzinga reports. The brokerage currently has a $19.00 price objective on the credit services provider’s stock.

EZCORP Stock Down 0.6 %

NASDAQ EZPW opened at $11.33 on Friday. The business has a fifty day moving average price of $11.29 and a 200 day moving average price of $10.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.59. The company has a market cap of $622.49 million, a P/E ratio of 10.89 and a beta of 1.02. EZCORP has a one year low of $7.70 and a one year high of $12.23.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $281.42 million during the quarter, compared to analyst estimates of $281.69 million. EZCORP had a return on equity of 10.64% and a net margin of 6.87%. Research analysts anticipate that EZCORP will post 1.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Quarry LP raised its position in EZCORP by 169.1% in the 2nd quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 2,976 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of EZCORP during the second quarter worth about $71,000. Allspring Global Investments Holdings LLC grew its holdings in shares of EZCORP by 63.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,412 shares of the credit services provider’s stock worth $129,000 after buying an additional 4,451 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in EZCORP in the 2nd quarter valued at about $163,000. Finally, ARS Investment Partners LLC raised its stake in EZCORP by 12.7% during the 2nd quarter. ARS Investment Partners LLC now owns 16,874 shares of the credit services provider’s stock valued at $177,000 after acquiring an additional 1,899 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

EZCORP Company Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.