Jefferies Raises Price Target on EZCORP (EZPW) to $6 Following 2Q

Jefferies reiterated a Hold rating on EZCORP (NASDAQ: EZPW), and raised the price target to $6.00 (from $3.00), following the company's 2Q earnings report. Jefferies calculated that EZPW produced a core EPS of $0.06, better than forecasts and the Street, which both anticipated losses.

Analyst John Hecht commented, "EZPW reported F2Q16 GAAP EPS from cont. ops of ($1.33) versus our ($0.10) forecast and consensus of ($0.07). Excluding goodwill write-down and normalizing for the tax rate and NCI levels, we calculate recurring EPS of $0.06, as US pawn and the Grupo Segment outperformed our forecast while Mexican pawn was consistent with our forecast. Core business trends are improving while Grupo Finmart remains an overhang - maintain Hold rating but increase PT to $6.00."

For an analyst ratings summary and ratings history on EZCORP click here. For more ratings news on EZCORP click here.

Shares of EZCORP closed at $5.43 yesterday.

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