FY2024 Earnings Estimate for goeasy Issued By Raymond James

goeasy Ltd. (TSE:GSY) – Investment analysts at Raymond James reduced their FY2024 EPS estimates for shares of goeasy in a research report issued to clients and investors on Tuesday, January 28th. Raymond James analyst S. Boland now anticipates that the company will post earnings of $16.49 per share for the year, down from their prior forecast of $16.79. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Raymond James also issued estimates for goeasy’s Q4 2024 earnings at $4.47 EPS, Q1 2025 earnings at $4.68 EPS and Q2 2025 earnings at $4.79 EPS.

Several other research firms have also commented on GSY. National Bankshares upped their price target on shares of goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. Finally, Desjardins reduced their price target on goeasy from C$215.00 to C$210.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, goeasy currently has a consensus rating of “Moderate Buy” and an average price target of C$219.89.

goeasy Stock Up 0.6 %

TSE:GSY opened at C$184.11 on Thursday. 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 company’s fifty day moving average price is C$171.31 and its 200-day moving average price is C$179.26. goeasy has a 1-year low of C$150.21 and a 1-year high of C$206.02. The firm has a market capitalization of C$3.09 billion, a P/E ratio of 11.98, a PEG ratio of 0.84 and a beta of 1.87.

goeasy (TSE:GSY) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share 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 prior year, the firm posted $3.81 EPS.

Insider Activity at goeasy

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

goeasy Announces Dividend

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

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.