EZCORP (NASDAQ:EZPW) Announces Earnings Results

EZCORP (NASDAQ:EZPW) issued its quarterly earnings data on Wednesday. The credit services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01, Zacks reports. EZCORP had a return on equity of 13.99% and a net margin of 9.97%.

EZCORP Price Performance

Shares of EZPW stock traded down $0.47 on Wednesday, reaching $28.30. 904,562 shares of the company were exchanged, compared to its average volume of 893,427. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 14.29 and a beta of 0.76. The business has a 50-day moving average price of $30.91 and a 200 day moving average price of $29.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.45 and a current ratio of 4.81. EZCORP has a 1 year low of $16.50 and a 1 year high of $37.13.

Analyst Ratings Changes

Several brokerages have recently weighed in on EZPW. Weiss Ratings raised EZCORP from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, November 3rd. Canaccord Genuity Group increased their target price on EZCORP from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Finally, Wall Street Zen cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.

Insider Buying and Selling at EZCORP

In related news, insider Ellen Bryant sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $34.77, for a total value of $1,043,100.00. Following the transaction, the insider directly owned 117,786 shares of the company’s stock, valued at approximately $4,095,419.22. This trade represents a 20.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.13% of the stock is currently owned by company insiders.

About EZCORP

EZCORP, Inc. operates pawnshops that provide short-term loans secured by customers’ personal property and sell pre-owned merchandise. Its stores offer customers access to pawn loans and a way to buy or sell goods. Products commonly include jewelry, electronics, tools and musical instruments. The company operates under brands including EZPAWN and serves customers in the United States and parts of Latin America. Founded in 1989, EZCORP is headquartered in Austin, Texas. Its business focuses on pawn lending and the retail sale of secondhand goods.