Ezcorp Inc Stock Price, News & Analysis

EZCORP announced its Q3 2021 results, reporting total revenues of $174.0 million, down 17% year-over-year. The net loss narrowed to $2.6 million from $5.5 million the previous year. Pawn loans outstanding (PLO) increased by 39% year-over-year to $157.2 million, reflecting strong demand. The adjusted EBITDA more than doubled to $12.0 million, showcasing efficiency improvements. The company acquired 128 Cash Apoyo Efectivo stores, enhancing its market presence. CEO Jason Kulas expressed optimism about ongoing financial improvement and cost-saving measures.

EZCORP, Inc. (NASDAQ: EZPW) will release its third quarter fiscal 2021 financial results on August 4, 2021, after market close. A conference call to discuss these results is scheduled for August 5, 2021, at 7:00 a.m. Central Time. Investors can access the webcast through the company's Investor Relations website, with presentation slides available post-announcement. Founded in 1989, EZCORP specializes in pawn transactions in the U.S. and Latin America, focusing on meeting the cash needs of consumers.

EZCORP, Inc. (NASDAQ: EZPW) has announced the acquisition of 128 pawn stores in Mexico, expanding its footprint significantly. The deal, valued at $33.8 million, includes cash, shares, and debt repayment. This makes it EZCORP's largest acquisition by store count, bringing the total to 1,154 stores, with 503 located in Mexico. The company expects this move to enhance earnings in fiscal 2022 despite potential initial challenges from COVID impacts and integration costs. CEO Jason Kulas highlighted the strategic importance of this acquisition in consolidating their market position.

EZCORP, Inc. (NASDAQ: EZPW) reported its second-quarter results for fiscal 2021, showing a diluted EPS of $0.10 and an adjusted EPS of $0.17, both steady year-over-year. Total revenues decreased by 17% to $184.9 million, driven by a decline in pawn service charges and merchandise sales. However, merchandise gross profit rose 12% due to improved inventory management. Operating expenses fell 35%, contributing to a significant increase in cash reserves, which stood at $335.6 million, a 73% year-over-year rise. The company is leveraging its balance sheet for growth, including acquisitions and new store openings.

EZCORP, a leader in pawn loans across the U.S. and Latin America, has appointed Timothy Jugmans as Chief Financial Officer, effective immediately. Jugmans previously served as Interim CFO since September 2020 and has extensive financial experience. CEO Jason Kulas emphasized the importance of strong financial management and cost control as priorities for the company, aiming to benefit shareholders and team members. Established in 1989, EZCORP also sells collateral and pre-owned items, and is listed on NASDAQ under the symbol EZPW.

EZCORP, Inc. (NASDAQ: EZPW) will announce its second quarter fiscal 2021 financial results on May 5, 2021, after market close. A conference call and webcast will follow on May 6, 2021, at 7:00 a.m. CT to discuss these results. Interested parties are encouraged to join the webcast due to anticipated high call volumes.

EZCORP is a significant provider of pawn loans in the U.S. and Latin America, focusing on consumer cash needs while providing a robust customer experience.

EZCORP, Inc. (NASDAQ: EZPW) announced a reduction in its Board of Directors, with five members leaving at the end of their current terms during the Annual Meeting of Stockholders. CEO Jason A. Kulas acknowledged their contributions during challenging times. The remaining six directors will be reelected for one-year terms. These changes aim to optimize costs, projecting a reduction in administrative expenses by up to $1.2 million annually, in addition to over $13 million in targeted annual savings announced previously.

EZCORP, trading as EZPW, will conduct its Annual Meeting of Stockholders on February 18, 2021, at 9:00 a.m. Central Time via conference call. Management will review the business and address queries from stockholders and analysts. Interested parties can join by phone or via a webcast. Additionally, EZCORP's Annual Report on Form 10-K for fiscal 2020 has been submitted to the SEC and is accessible on the company’s investor relations site. The company, established in 1989, is a significant player in the pawn loan sector in the U.S. and Latin America.

EZCORP, Inc. (NASDAQ: EZPW) reported its fiscal Q1 2021 results, showing diluted earnings per share of $0.08, up from $0.02 year-over-year. Total revenues fell 20% to $178.1 million, driven by a 25% decline in pawn service charges and a 15% drop in merchandise sales. Despite these challenges, pawn loans outstanding increased 13% sequentially, reaching $148 million. The company maintained a robust cash position of $290.5 million. CEO Jason Kulas highlighted ongoing efforts to enhance customer value while managing expenses effectively to support future growth amidst changing economic conditions.