National Bank Financial Weighs in on goeasy FY2024 Earnings

goeasy Ltd. (TSE:GSY - Free Report) - Research analysts at National Bank Financial decreased their FY2024 earnings estimates for goeasy in a research 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.

Several other analysts have also recently commented on GSY. National Bankshares lifted their price objective on shares of goeasy from C$235.00 to C$240.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Desjardins reduced their target price on shares of goeasy from C$215.00 to C$210.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price target on shares of goeasy from C$202.00 to C$207.00 in a 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$219.89.

goeasy Stock Performance

Shares of goeasy stock traded down C$0.64 on Wednesday, reaching C$167.00. 58,391 shares of the stock were exchanged, compared to its average volume of 75,539. The business has a 50 day moving average price of C$170.83 and a two-hundred day moving average price of C$178.52. The firm has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.84 and a beta of 1.87. goeasy has a twelve month low of C$153.31 and a twelve month high of C$206.02. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31.

goeasy (TSE:GSY - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $3.81 EPS.

Insider Activity

In related news, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the business's stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of C$172.62 per share, with a total value of C$526,491.00. Also, Senior Officer Jason Mullins sold 2,500 shares of the company's stock in a transaction dated 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Friday, December 27th. goeasy's payout ratio is currently 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.