Key Points
- EZCORP insider Ellen Bryant sold 30,000 shares at an average price of $34.77, generating $1.04 million. The Rule 10b5-1 transaction reduced her ownership by 20.3%, leaving her with 117,786 shares.
- EZCORP reported quarterly earnings of $0.47 per share, beating estimates of $0.41, while revenue of $408.4 million fell short of the $425.8 million consensus estimate.
- The stock opened at $35.23 and remains broadly favored by analysts, with a “Moderate Buy” consensus and an average price target of $38.80; institutional investors own 99.83% of the shares.
EZCORP, Inc. (NASDAQ:EZPW - Get Free Report) insider Ellen Bryant sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $34.77, for a total transaction of $1,043,100.00. Following the sale, the insider owned 117,786 shares of the company's stock, valued at $4,095,419.22. The trade was a 20.30% decrease in their ownership of the stock. 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.
EZCORP Price Performance
NASDAQ EZPW opened at $35.23 on Wednesday. EZCORP, Inc. has a 1 year low of $16.20 and a 1 year high of $37.13. The business's fifty day moving average is $31.53 and its two-hundred day moving average is $29.81. The stock has a market capitalization of $2.16 billion, a P/E ratio of 17.79 and a beta of 0.66. 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 (NASDAQ:EZPW - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The credit services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. The business had revenue of $408.40 million during the quarter, compared to analyst estimates of $425.83 million. EZCORP had a return on equity of 13.99% and a net margin of 9.97%. On average, research analysts forecast that EZCORP, Inc. will post 2 earnings per share for the current fiscal year.
Institutional Trading of EZCORP
Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in 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 purchasing an additional 3,705 shares in the last quarter. Intech Investment Management LLC purchased a new stake in EZCORP in the 1st quarter worth approximately $1,646,000. JPMorgan Chase & Co. lifted its position in EZCORP by 47.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 183,291 shares of the credit services provider's stock worth $2,544,000 after buying an additional 59,339 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of EZCORP by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 73,064 shares of the credit services provider's stock valued at $1,014,000 after buying an additional 648 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of EZCORP during the 2nd quarter valued at $1,718,000. 99.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently weighed in on EZPW. Citigroup reissued an "outperform" rating on shares of EZCORP in a research note on Monday, May 11th. Wall Street Zen lowered shares of EZCORP from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Roth Capital reissued a "buy" rating and issued a $40.00 target price on shares of EZCORP in a research report on Friday, May 8th. Zacks Research lowered shares of EZCORP from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 7th. Finally, Canaccord Genuity Group set a $44.00 price target on shares of EZCORP in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.
Read Our Latest Stock Analysis on EZPW
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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