National Bank Financial Predicts Reduced Earnings for goeasy

goeasy Ltd. (TSE:GSY - Free Report) - Equities research analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for goeasy in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $16.63 per share for the year, down from their prior forecast of $16.90. The consensus estimate for goeasy's current full-year earnings is $20.32 per share.

GSY has been the subject of several other reports. Desjardins dropped 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. National Bankshares boosted their price target on goeasy from C$235.00 to C$240.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, 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 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$219.89.

goeasy Price Performance

Shares of GSY traded down C$0.64 during trading hours on Wednesday, hitting C$167.00. 58,391 shares of the stock were exchanged, compared to its average volume of 75,539. 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 has a 12-month low of C$153.31 and a 12-month high of C$206.02. The company has a market cap of C$2.81 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The stock's 50-day moving average price is C$170.97 and its two-hundred day moving average price is C$178.69.

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 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 in the previous year, the firm earned $3.81 earnings per share.

Insider Activity

In other news, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of C$172.62 per share, with a total value of C$526,491.00. Also, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$175.58, for a total value of C$316,051.56. Corporate insiders own 22.05% of the company's stock.

goeasy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were paid a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, December 27th. goeasy's dividend payout ratio (DPR) 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.