EZCORP (NASDAQ:EZPW) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

EZCORP (NASDAQ:EZPW) released its quarterly earnings results on Wednesday. The credit services provider reported $0.42 earnings per share 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 Stock Performance

Shares of EZPW stock opened at $12.24 on Thursday. The company has a market capitalization of $666.71 million, a price-to-earnings ratio of 11.03 and a beta of 1.01. EZCORP has a 1-year low of $9.65 and a 1-year high of $12.85. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $12.20 and its 200-day simple moving average is $11.68.

Insider Buying and Selling

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

Analysts Set New Price Targets

Separately, Stephens initiated coverage on shares of EZCORP in a research report on Wednesday, November 13th. They issued an “equal weight” rating and a $13.00 target price on the stock.

About EZCORP

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.