Desjardins Issues Pessimistic Estimate for goeasy Earnings

goeasy Ltd. (TSE:GSY - Free Report) - Research analysts at Desjardins dropped their FY2024 earnings per share (EPS) estimates for goeasy in a report issued on Monday, January 27th. Desjardins analyst G. Ho now anticipates that the company will post earnings per share of $16.63 for the year, down from their previous forecast of $16.79. Desjardins currently has a "Buy" rating and a $210.00 target price on the stock. The consensus estimate for goeasy's current full-year earnings is $20.32 per share. Desjardins also issued estimates for goeasy's Q4 2024 earnings at $4.38 EPS and FY2025 earnings at $19.74 EPS.

goeasy (TSE:GSY - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$4.32 EPS for the quarter, beating the consensus estimate of C$4.16 by C$0.16. goeasy had a net margin of 33.40% and a return on equity of 25.28%. During the same period last year, the business earned $3.81 earnings per share.

A number of other analysts have also recently weighed in on GSY. National Bankshares raised their price target on goeasy from C$235.00 to C$240.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on goeasy from C$202.00 to C$207.00 in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, goeasy has a consensus rating of "Moderate Buy" and a consensus target price of C$219.89.

goeasy Stock Up 0.7 %

GSY traded up C$1.26 on Thursday, hitting C$184.24. 38,571 shares of the company were exchanged, compared to its average volume of 62,369. The firm has a 50-day moving average price of C$171.05 and a two-hundred day moving average price of C$179.23. The company has a current ratio of 15.97, a quick ratio of 28.46 and a debt-to-equity ratio of 289.31. goeasy has a twelve month low of C$150.21 and a twelve month high of C$206.02. The company has a market cap of C$3.10 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

Insider Transactions at goeasy

In other news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the 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 company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total transaction of C$429,400.00. Company insiders own 22.05% of the company's stock.

goeasy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Friday, December 27th. goeasy's dividend payout ratio (DPR) is 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.