EZCORP (NASDAQ:EZPW) Announces Quarterly Earnings Results

EZCORP (NASDAQ:EZPW) released its quarterly earnings results on Wednesday. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07, Zacks reports. EZCORP had a return on equity of 10.65% and a net margin of 7.15%.

EZCORP Price Performance

Shares of EZPW traded up $0.17 during mid-day trading on Wednesday, reaching $12.24. The stock had a trading volume of 1,244,238 shares, compared to its average volume of 478,077. The firm has a market cap of $666.71 million, a price-to-earnings ratio of 11.03 and a beta of 1.01. EZCORP has a 12 month low of $9.65 and a 12 month high of $12.85. The business has a fifty day moving average of $12.21 and a 200 day moving average of $11.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 2.71.

Insider Activity at EZCORP

In other EZCORP news, insider Sunil Sajnani sold 34,493 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.42, for a total value of $428,403.06. Following the sale, the insider now owns 66,242 shares in the company, valued at $822,725.64. The trade was a 34.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Nicole Swies sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $12.47, for a total value of $124,700.00. Following the transaction, the executive now owns 101,813 shares of the company’s stock, valued at approximately $1,269,608.11. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. 2.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stephens initiated coverage on EZCORP in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 price objective for the company.

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.