Cormark Issues Optimistic Outlook for goeasy Earnings

goeasy Ltd. (TSE:GSY) – Analysts at Cormark upped their Q4 2024 earnings per share (EPS) estimates for goeasy in a research report issued on Tuesday, January 28th. Cormark analyst J. Fenwick now forecasts that the company will earn $4.32 per share for the quarter, up from their previous estimate of $4.31. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Cormark also issued estimates for goeasy’s Q1 2025 earnings at $4.60 EPS, Q2 2025 earnings at $4.69 EPS, Q3 2025 earnings at $5.43 EPS, Q4 2025 earnings at $5.77 EPS, FY2025 earnings at $20.49 EPS, Q1 2026 earnings at $5.81 EPS, Q2 2026 earnings at $5.71 EPS, Q3 2026 earnings at $5.99 EPS, Q4 2026 earnings at $5.85 EPS and FY2026 earnings at $23.37 EPS.

A number of other equities research analysts also recently issued reports on GSY. National Bankshares boosted their price target on goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. 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 report on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their price objective on shares of goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$219.89.

goeasy Stock Up 0.6 %

Shares of GSY opened at C$184.11 on Thursday. The firm has a market cap of C$3.09 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31. The company’s fifty day moving average is C$171.31 and its two-hundred day moving average is C$179.26. goeasy has a fifty-two week low of C$150.21 and a fifty-two week high of C$206.02.

goeasy (TSE:GSY) last released its earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of C$4.16 by C$0.16. goeasy had a net margin of 33.40% and a return on equity of 25.28%. During the same period in the previous year, the firm earned $3.81 EPS.

Insider Buying and Selling at goeasy

In other goeasy news, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of goeasy stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of C$172.62 per share, for a total transaction of C$526,491.00. Also, Senior Officer Jason Mullins sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total transaction of C$429,400.00. 22.05% of the stock is currently owned by corporate insiders.

goeasy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were paid a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a yield of 2.54%. The ex-dividend date was Friday, December 27th. goeasy’s dividend payout ratio (DPR) is 30.45%.

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.