Desjardins Issues Pessimistic Forecast for goeasy Earnings

goeasy Ltd. (TSE:GSY - Free Report) - Equities researchers at Desjardins dropped their Q1 2025 earnings per share estimates for goeasy in a report released on Tuesday, April 22nd. Desjardins analyst G. Ho now forecasts that the company will post earnings per share of $4.06 for the quarter, down from their prior estimate of $4.47. The consensus estimate for goeasy's current full-year earnings is $20.32 per share. Desjardins also issued estimates for goeasy's Q2 2025 earnings at $4.64 EPS, Q3 2025 earnings at $5.38 EPS and Q4 2025 earnings at $5.58 EPS.

Several other research analysts have also recently issued reports on GSY. Jefferies Financial Group dropped their price objective on goeasy from C$222.00 to C$182.00 in a report on Monday, April 21st. TD Securities set a C$199.00 target price on goeasy and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Scotiabank decreased their target price on goeasy from C$240.00 to C$215.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Raymond James boosted their target price on goeasy from C$230.00 to C$245.00 in a research note on Tuesday, February 18th. Finally, BMO Capital Markets upgraded goeasy from a "market perform" rating to an "outperform" rating and decreased their target price for the stock from C$207.00 to C$200.00 in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$216.00.

goeasy Stock Down 1.5 %

TSE:GSY traded down C$2.29 during midday trading on Thursday, reaching C$155.12. The company had a trading volume of 5,790 shares, compared to its average volume of 73,334. The firm has a market capitalization of C$2.60 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.84 and a beta of 1.87. The stock's fifty day simple moving average is C$154.14 and its 200-day simple moving average is C$166.43. goeasy has a 12-month low of C$134.01 and a 12-month high of C$206.02. The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63.

goeasy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, April 11th were paid a $1.46 dividend. The ex-dividend date was Friday, March 28th. This represents a $5.84 dividend on an annualized basis and a yield of 3.76%. This is a boost from goeasy's previous quarterly dividend of $1.17. goeasy's payout ratio is currently 28.45%.

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.