Research Analysts Offer Predictions for goeasy Q3 Earnings

goeasy Ltd. (TSE:GSY) – Research analysts at National Bank Financial lowered their Q3 2024 earnings estimates for goeasy in a research report issued to clients and investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $4.15 for the quarter, down from their prior forecast 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.

A number of other analysts have also commented on GSY. Desjardins dropped their price target on goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets downgraded shares of goeasy from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$218.00 to C$202.00 in a report on Tuesday, October 22nd. Scotiabank boosted their target price on shares of goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Finally, National Bankshares increased their target price on goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$219.33.

goeasy Price Performance

Shares of TSE GSY opened at C$174.61 on Thursday. The firm’s 50-day simple moving average is C$181.62 and its 200 day simple moving average is C$183.67. goeasy has a fifty-two week low of C$114.90 and a fifty-two week high of C$206.02. The stock has a market cap of C$2.93 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 0.84 and a beta of 1.87. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97.

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

Insider Activity

In related news, Senior Officer Jason Mullins sold 4,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were issued a $1.17 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.68%. goeasy’s dividend 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.