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

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EZCORP Announces Second Quarter Fiscal 2016 Results

May 9, 2016 7:32 PM EDT

U.S. and Mexico Pawn profit before tax up 23% on 8% net revenue growth as a result of continued strong momentum in pawn fundamentals:

- Pawn loans outstanding (PLO) up 10%; same store PLO up 8%.- Pawn service charges (PSC) up 8%.- Merchandise sales gross margin increased to 38% from 33%.- Annualized return on pawn earning assets increased to 152% from 150%.

Grupo Finmart strategic review completed in April; company pursuing sale of this business.Grupo Finmart non-cash goodwill impairment charge of $73.9 million led to $73.0 million loss from continuing operations for the quarter.

Austin, Texas, May 09, 2016... More