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EZCORP Inc. (NASDAQ:EZPW), a leading provider of pawn loans in the United States and Latin America with a market capitalization of $793 million, has reached a new 52-week high, with its stock price climbing to $14.53. The company maintains a healthy financial position with a current ratio of 2.91, indicating strong liquidity. This milestone reflects a significant uptrend for the company, which has seen its stock value surge by 33.95% over the past year. Trading at an attractive P/E ratio of 9.12 and showing solid revenue growth of 8.95%, investors have shown increased confidence in EZCORP’s business model and growth strategy, as the company continues to expand its footprint and diversify its services in the financial sector. According to InvestingPro analysis, the stock appears to be slightly undervalued based on its Fair Value calculations. The 52-week high serves as a testament to EZCORP’s robust performance in a competitive market, signaling a strong position for future endeavors. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of over 1,400 US stocks.
In other recent news, EZCORP Inc. reported a 7% increase in Q4 sales, surpassing Canaccord Genuity’s estimate and falling slightly below consensus expectations. The company’s pawn loans outstanding rose by 13% to $274.8 million, and while merchandise sales grew by 4%, the merchandise margin slightly missed the target range. Adjusted earnings per share and EBITDA exceeded expectations by 13% and 14%, respectively, driven by a favorable product mix and disciplined expense management. In a separate development, EZCORP announced the termination of its planned acquisition of 53 pawn shops in Mexico from Presta Dinero, S.A. de C.V., though it remains committed to expanding its presence in the region.
Moreover, EZCORP plans to offer $300 million in senior notes due in 2032, aiming to use the proceeds to repay its 2025 convertible notes and for general corporate purposes. Analysts at Roth/MKM and Canaccord Genuity have maintained a positive outlook on the company, with Roth/MKM initiating coverage with a Buy rating and a $16 price target, while Canaccord raised its price target to $22 and reiterated its Buy rating. Additionally, EZCORP appointed Michael Croney as its new Chief Accounting Officer, effective February 2025, highlighting the company’s focus on strengthening its leadership team. These developments underscore EZCORP’s strategic initiatives and financial performance.
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