EZCORP (NASDAQ:EZPW) Reaches New 12-Month High After Earnings Beat

EZCORP, Inc. (NASDAQ:EZPW)’s share price hit a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $12.85 and last traded at $12.70, with a volume of 1073578 shares trading hands. The stock had previously closed at $12.24.

The credit services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a net margin of 7.15% and a return on equity of 10.65%.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “equal weight” rating and issued a $13.50 price target on shares of EZCORP in a research note on Thursday.

Insider Buying and Selling

In other news, insider Sunil Sajnani sold 34,493 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.42, for a total transaction of $428,403.06. Following the transaction, the insider now directly owns 66,242 shares in the company, valued at $822,725.64. This represents a 34.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Nicole Swies sold 10,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $12.47, for a total transaction of $124,700.00. Following the transaction, the executive now owns 101,813 shares in the company, valued at approximately $1,269,608.11. The trade was a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.13% of the company’s stock.

Institutional Trading of EZCORP

A number of institutional investors and hedge funds have recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in shares of EZCORP during the third quarter worth approximately $32,000. GAMMA Investing LLC grew its position in shares of EZCORP by 97.0% during the fourth quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,554 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of EZCORP during the third quarter worth approximately $106,000. nVerses Capital LLC grew its position in shares of EZCORP by 640.0% during the third quarter. nVerses Capital LLC now owns 11,100 shares of the credit services provider’s stock worth $124,000 after buying an additional 9,600 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in shares of EZCORP during the third quarter worth approximately $138,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

EZCORP Price Performance

The business’s 50-day moving average price is $12.20 and its two-hundred day moving average price is $11.68. The firm has a market cap of $688.88 million, a price-to-earnings ratio of 11.40 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.71 and a quick ratio of 1.99.

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.