National Bank Financial Predicts Lower Earnings for goeasy

goeasy Ltd. (TSE:GSY) – Equities researchers at National Bank Financial dropped their FY2024 EPS estimates for goeasy in a research note issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $16.63 per share for the year, down from their previous estimate of $16.90. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share.

Several other research firms also recently weighed in on GSY. National Bankshares increased their price target on shares of goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. 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. Finally, BMO Capital Markets lifted their price objective on goeasy from C$202.00 to C$207.00 in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$219.89.

goeasy Stock Up 0.2 %

goeasy stock opened at C$167.47 on Wednesday. The stock has a fifty day moving average of C$171.07 and a 200 day moving average of C$178.82. goeasy has a one year low of C$151.80 and a one year 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 stock has a market cap of C$2.81 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

goeasy (TSE:GSY) last issued its earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $3.81 earnings per share.

Insider Activity

In other news, Senior Officer Jason Mullins sold 2,500 shares of the company’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 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 value of C$316,051.56. Insiders own 22.05% of the company’s stock.

goeasy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were paid a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Friday, December 27th. goeasy’s payout ratio is currently 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.