Release

Today’s Research Reports on Stocks to Watch: EZCORP and Paychex

EZCORP and Paychex saw red on Wednesday, with EZCORP taking the biggest hit out of the two. Shares of the pawn loan company which operates in the U.S and Mexico, saw shares fall 15.38% after announcing that it was intending on raising $125 million in a private debt offering to pay down some of its senior secured credit facility. Shares of Paychex sank despite a positive Q4 report.

RDI Initiates Coverage on:

EZCORP, Inc.
https://ub.rdinvesting.com/news/?ticker=EZPW

Paychex, Inc.
https://ub.rdinvesting.com/news/?ticker=PAYX

EZCORP, Inc. shares were bleeding in Wednesday trading and closed down 15.38%. It was one of the biggest losers on the NASDAQ despite the index gaining big. Shares took a drop after the company announced that it was planning on raising $125 million in a private debt offering. Investors are not happy as the debt will be in form of convertible senior notes and will potentially dilute existing shareholder’s equity on conversion. The operator of EZPawn pawn shops is planning to use the funds to pay down its senior secured credit facility as well as possibly refinance some of its outstanding convertible notes that mature in 2019. As of March 31, this year, there was approximately $50 million in aggregate principal amount outstanding under the senior secured credit facility. The stock has dropped 27.7% YTD.

Access RDI’s EZCORP Research Report at:
https://ub.rdinvesting.com/news/?ticker=EZPW

Paychex, Inc. shares closed down 1.65% on Wednesday despite an impressive Q4 report. The New York-based payroll processor and human resources services company announced it had made a profit of 54 cents per share for the quarter. This topped the Wall Street expectation of 53 cents per share by a penny. Revenue for the period came in at $798.6 million which was also higher than what the Street had been looking for. Thirteen analysts according to Zacks had estimated revenue would come in at $798.2 million. Profit for the year was $817.3 million of $2.25 per share. CEO Martin Mucci, commented, “Fiscal 2017 was another year of solid growth in revenue and earnings. Our business model remains strong as evidenced by our industry-leading margins. We continue to focus on providing our clients the value of our complete human capital management, or HCM, solutions with a combination of leading technology and dedicated service.”

Access RDI’s Paychex Research Report at:
https://ub.rdinvesting.com/news/?ticker=PAYX

Our Actionable Research on EZCORP, Inc. (NASDAQ: EZPW) and Paychex, Inc. (NASDAQ: PAYX) be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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