Desjardins Has Negative Outlook for goeasy Q3 Earnings

goeasy Ltd. (TSE:GSY) – Desjardins dropped their Q3 2024 earnings per share estimates for goeasy in a note issued to investors on Tuesday, October 22nd. Desjardins analyst G. Ho now anticipates that the company will post earnings per share of $4.14 for the quarter, down from their prior estimate of $4.34. Desjardins has a “Buy” rating and a $210.00 price objective on the stock. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Desjardins also issued estimates for goeasy’s Q4 2024 earnings at $4.53 EPS, FY2024 earnings at $16.61 EPS, FY2025 earnings at $19.73 EPS and FY2026 earnings at $22.53 EPS.

goeasy (TSE:GSY) last released its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 EPS for the quarter, topping analysts’ consensus estimates of C$4.01 by C$0.09. The company had revenue of C$377.80 million for the quarter, compared to analyst estimates of C$372.40 million. goeasy had a return on equity of 25.28% and a net margin of 33.40%.

GSY has been the topic of a number of other research reports. National Bankshares raised their price target on goeasy from C$210.00 to C$235.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Scotiabank lifted their target price on goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. Finally, BMO Capital Markets lowered goeasy from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$218.00 to C$202.00 in a research report on Tuesday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, goeasy presently has an average rating of “Moderate Buy” and an average target price of C$218.78.

goeasy Trading Up 1.1 %

TSE GSY opened at C$168.98 on Thursday. The firm has a market cap of C$2.84 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.84 and a beta of 1.87. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46. The stock’s 50-day moving average is C$182.52 and its 200-day moving average is C$183.34. goeasy has a one year low of C$106.86 and a one year high of C$206.02.

goeasy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were paid a dividend of $1.17 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.77%. goeasy’s dividend payout ratio is currently 30.45%.

Insider Transactions at goeasy

In other news, Senior Officer Jason Mullins sold 4,500 shares of goeasy stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total transaction of C$846,000.00. 22.05% of the stock is currently owned by corporate insiders.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.