Desjardins Has Bullish Outlook for goeasy FY2024 Earnings

goeasy Ltd. (TSE:GSY - Free Report) - Stock analysts at Desjardins lifted their FY2024 earnings estimates for goeasy in a research report issued on Sunday, November 10th. Desjardins analyst G. Ho now forecasts that the company will post earnings of $16.79 per share for the year, up from their prior estimate of $16.61. Desjardins has a "Buy" rating and a $210.00 price target 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 $4.54 EPS.

Several other equities research analysts have also issued reports on GSY. National Bankshares lifted their price target on goeasy from C$235.00 to C$240.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of goeasy from C$202.00 to C$207.00 in a research note on Monday. Finally, Scotiabank raised their price target on shares of goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Two equities 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, the stock currently has an average rating of "Moderate Buy" and an average price target of C$219.89.

goeasy Stock Down 1.4 %

Shares of TSE:GSY traded down C$2.42 during midday trading on Wednesday, hitting C$175.83. 24,925 shares of the stock were exchanged, compared to its average volume of 49,569. The company has a market capitalization of C$2.95 billion, a PE ratio of 11.60, a P/E/G ratio of 0.84 and a beta of 1.87. goeasy has a 52-week low of C$121.33 and a 52-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 business's fifty day simple moving average is C$179.97 and its two-hundred day simple moving average is C$184.04.

Insider Buying and Selling

In related news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$175.58, for a total transaction of C$316,051.56. In other news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the firm's 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. Also, 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. Insiders own 22.05% of the company's stock.

goeasy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $1.17 dividend. The ex-dividend date is Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.66%. goeasy's payout ratio is presently 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.