FY2024 Earnings Forecast for goeasy Issued By Desjardins

goeasy Ltd. (TSE:GSY) – Investment analysts at Desjardins decreased their FY2024 earnings per share estimates for shares of goeasy in a research note issued to investors on Monday, January 27th. Desjardins analyst G. Ho now anticipates that the company will earn $16.63 per share for the year, down from their previous estimate of $16.79. Desjardins has a “Buy” rating and a $210.00 price target 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 $4.38 EPS and FY2025 earnings at $19.74 EPS.

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

GSY has been the topic of several other research reports. 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, November 11th. National Bankshares boosted their price target on goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two equities 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, the company has an average rating of “Moderate Buy” and an average target price of C$219.89.

goeasy Trading Up 0.6 %

GSY opened at C$184.11 on Thursday. The firm’s 50 day moving average is C$171.31 and its 200-day moving average is C$179.26. goeasy has a 52-week low of C$150.21 and a 52-week high of C$206.02. 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 firm has a market capitalization of C$3.09 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.84 and a beta of 1.87.

Insider Activity at goeasy

In related news, Senior Officer Jason Mullins sold 2,500 shares of the company’s stock in a transaction 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. Also, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the company’s stock in a transaction on 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. Corporate insiders own 22.05% of the company’s stock.

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 $1.17 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a 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.