.png "EZCORP Inc (NASDAQ: EZPW)")
In a report released today, Scott Buck from B.Riley FBR maintained a Buy rating on EZCORP Inc (EZPW), with a price target of $14. The company’s shares closed yesterday at $10.49.
Buck said:
“EZCORP , Inc. (EZPW—Buy, $14 PT) reported fiscal adj. 2Q19 EPS of $0.22, below both our $0.24 estimate and the Street at $0.23. The miss to our estimate appears largely driven by a combination of lower-than-expected revenue and higher operating expenses, as the company continues to invest both in both Latin America and build out its Evergreen digital platform. Despite the miss to our number and the Street, the underlying pawn fundamentals remain favorable, with pawn loans outstanding (“PLO”) growth of 9%, driven by 20% growth in a constant currency basis). As recently opened and acquired Latin America stores continue to mature and additional stores are added, we expect Latin America to be the primary driver of earnings growth over the the next several years.”
According to TipRanks.com, Buck is ranked #4090 out of 5185 analysts.
Currently, the analyst consensus on EZCORP Inc is a Moderate Buy with an average price target of $14.
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Based on EZCORP Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $4.24 million. In comparison, last year the company had a net profit of $11.81 million.
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EZCORP, Inc. provides pawn loans in the United States and Latin America. It operates its business through following segments: U.S. Pawn, Latin America Pawn, and Other International. The U.S. Pawn includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in United States.
