goeasy Q3 EPS Estimate Decreased by National Bank Financial

goeasy Ltd. (TSE:GSY) – Equities research analysts at National Bank Financial cut their Q3 2024 EPS estimates for goeasy in a research report issued to clients and investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $4.15 per share for the quarter, down from their prior estimate of $4.26. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. National Bank Financial also issued estimates for goeasy’s FY2024 earnings at $16.72 EPS.

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

Other analysts have also issued reports about the company. Scotiabank increased their target price on goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Desjardins reduced their price objective 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. National Bankshares boosted their target price on shares of goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets lowered shares of goeasy from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$218.00 to C$202.00 in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$219.33.

goeasy Trading Down 1.7 %

Shares of GSY stock opened at C$177.13 on Thursday. The stock has a market cap of C$2.98 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. goeasy has a 1 year low of C$108.84 and a 1 year high of C$206.02. The company has a current ratio of 15.97, a quick ratio of 28.46 and a debt-to-equity ratio of 289.31. The stock has a 50 day simple moving average of C$181.80 and a 200 day simple moving average of C$183.64.

Insider Transactions at goeasy

In other news, Senior Officer Jason Mullins sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total transaction of C$846,000.00. Company insiders own 22.05% of the company’s stock.

goeasy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.64%. goeasy’s payout ratio is presently 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.