Key Developments For Ezcorp Inc
Ezcorp Inc (EZPW.O) (Nasdaq)
EZCORP, Inc. Issues Q1 2010 EPS Guidance In Line With Analysts' Estimates; Issues FY 2010 EPS Guidance Above Analysts' Estimates
EZCORP, Inc. announced that for fiscal 2010 it expects earnings of $1.65 to $1.69 per share, with $0.41 to $0.43 per share for the first quarter 2010, representing earnings growth of approximately 18% and 27%. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.41 for first quarter 2010 and $1.64 for fiscal 2010.
EZCORP, Inc. Completes Investment In Cash Converters
EZCORP, Inc. announced that it has completed its acquisition of 108,218,000 newly issued ordinary shares of Cash Converters International Limited, a public company headquartered in Perth, Australia. EZCORP paid AUD0.50 per share, for a total investment of AUD54,109,000 (approximately USD49.4 million), and now owns approximately 30% of the outstanding ordinary shares of Cash Converters. The proceeds of the EZCORP investment will be used to accelerate this buy back activity, as well as increase the Cash Converters portfolio of short-term consumer loans in Australia and the U.K.
EZCORP, Inc. To Replace SPSS, Inc. In S&P SmallCap 600-AP
The Associated Press reported that in the S&P SmallCap 600, S&P will replace SPSS Inc., which is being bought by IBM, with Ezcorp Inc. on a date yet to be determined.
EZCORP, Inc.'s Chief Financial Officer Daniel N. Tonissen To Retire
EZCORP, Inc. announced that Daniel N. Tonissen, Senior Vice President and Chief Financial Officer, will retire at the end of the calendar year. Mr. Tonissen's retirement from the Company and the Board of Directors will be effective December 31, 2009.
EZCORP, Inc. Announces Plan To Invest In Cash Converters International Limited
EZCORP, Inc. announced that it has entered into an agreement to acquire approximately 108 million newly issued ordinary shares of Cash Converters International Limited, a public company headquartered in Perth, Australia. Upon completion of the transaction, EZCORP will own approximately 30% of the outstanding ordinary shares of Cash Converters and will hold two of five seats on Cash Converters' Board of Directors.
