Nomura Securities Maintains a 'Buy' on EZCORP (EZPW); 1Q Review

Nomura Securities maintains a 'Buy' on EZCORP (NASDAQ: EZPW) price target of $37.00.

Analyst, Bill Carcache, said, "EZCORP reported 1Q12 EPS of $0.78 relative to our estimate (and consensus) of $0.81. The miss was mainly driven by lower-than-expected revenues and operating margins in the company’s EZMONEY segment. The company continued to deliver solid performance in its US pawn and Mexican pawn businesses. Management affirmed its fiscal 2012 EPS guidance of $3.05 to $3.10. EZCORP continues to judiciously deploy shareholder capital to execute on high-return opportunities (e.g., it continued to roll-up stores in the US and made an accretive acquisition in the Mexican payroll-deduction loan space). Our 2012 and 2013 EPS estimates of $3.07 and $3.54 remain unchanged at this time."

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 $27.16 yesterday.

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