National Bank Financial Predicts Higher Earnings for goeasy

goeasy Ltd. (TSE:GSY) – Equities research analysts at National Bank Financial raised their FY2024 earnings estimates for shares of goeasy in a note issued to investors on Sunday, November 10th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $16.90 per share for the year, up from their previous forecast of $16.72. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. National Bank Financial also issued estimates for goeasy’s FY2025 earnings at $19.95 EPS.

Other research analysts have also issued research reports about the stock. National Bankshares lifted their price objective on shares of goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Scotiabank lifted their price objective on shares of goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. Desjardins cut their price target on shares of goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price target on shares of goeasy from C$202.00 to C$207.00 in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$219.89.

goeasy Stock Down 1.4 %

goeasy stock opened at C$175.83 on Wednesday. The company’s 50 day simple moving average is C$179.81 and its 200 day simple moving average is C$184.05. goeasy has a fifty-two week low of C$121.33 and a fifty-two week high of C$206.02. The firm has a market capitalization of C$2.95 billion, a price-to-earnings ratio of 11.44, a PEG 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.

goeasy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $1.17 dividend. The ex-dividend date is Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.66%. goeasy’s dividend payout ratio (DPR) is presently 30.45%.

Insider Activity

In other news, Senior Officer Jason Mullins sold 4,500 shares of goeasy stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total value of C$846,000.00. In related news, Senior Officer Jason Mullins sold 4,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total transaction of C$846,000.00. Also, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$175.58, for a total transaction of C$316,051.56. 22.05% of the stock is owned by corporate insiders.

About goeasy

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.