National Bank Financial Lowers Earnings Estimates for goeasy

goeasy Ltd. (TSE:GSY) – National Bank Financial reduced their Q4 2024 EPS estimates for goeasy in a note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $4.38 per share for the quarter, down from their previous estimate of $4.65. 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 $20.02 EPS and FY2026 earnings at $23.21 EPS.

GSY has been the subject of several other reports. BMO Capital Markets lifted their price objective on shares of goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. National Bankshares raised 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. 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 report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$219.89.

goeasy Price Performance

Shares of GSY stock opened at C$167.10 on Tuesday. goeasy has a fifty-two week low of C$151.80 and a fifty-two week high of C$206.02. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97. The firm has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.84 and a beta of 1.87. The stock’s 50-day simple moving average is C$171.14 and its 200-day simple moving average is C$178.98.

goeasy (TSE:GSY) last announced its 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 return on equity of 25.28% and a net margin of 33.40%. During the same quarter in the prior year, the business posted $3.81 EPS.

Insider Buying and Selling

In related news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of goeasy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$175.58, for a total transaction of C$316,051.56. Also, Senior Officer Jason Mullins sold 2,500 shares of the business’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. 22.05% of the stock is currently owned by insiders.

goeasy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were paid a $1.17 dividend. The ex-dividend date was Friday, December 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.80%. 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.