Research Analysts Offer Predictions for goeasy Q3 Earnings

goeasy Ltd. (TSE:GSY - Free Report) - Equities researchers at Desjardins reduced their Q3 2024 earnings estimates for goeasy in a research report issued on Tuesday, October 22nd. Desjardins analyst G. Ho now expects that the company will earn $4.14 per share for the quarter, down from their previous estimate of $4.34. 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 $4.53 EPS, FY2024 earnings at $16.61 EPS, FY2025 earnings at $19.73 EPS and FY2026 earnings at $22.53 EPS.

A number of other research firms also recently issued reports on GSY. Scotiabank increased their target price on shares of goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. National Bankshares raised their target price on shares of goeasy from C$210.00 to C$235.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Finally, BMO Capital Markets cut shares of goeasy from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from C$218.00 to C$202.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$218.78.

goeasy Trading Up 1.1 %

TSE:GSY traded up C$1.83 on Thursday, hitting C$168.98. 130,124 shares of the stock were exchanged, compared to its average volume of 48,568. The stock has a fifty day moving average of C$182.52 and a 200-day moving average of C$183.34. The stock has a market cap of C$2.84 billion, a PE ratio of 10.99, a PEG ratio of 0.84 and a beta of 1.87. 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 fifty-two week low of C$106.86 and a fifty-two week high of C$206.02.

goeasy (TSE:GSY - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, topping the consensus estimate of C$4.01 by C$0.09. goeasy had a return on equity of 25.28% and a net margin of 33.40%. The business had revenue of C$377.80 million for the quarter, compared to analyst estimates of C$372.40 million.

Insiders Place Their Bets

In other news, Senior Officer Jason Mullins sold 4,500 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total transaction of C$846,000.00. 22.05% of the stock is currently owned by company insiders.

goeasy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were issued a $1.17 dividend. The ex-dividend date was Friday, September 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.77%. goeasy's dividend 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.