Cormark Analysts Decrease Earnings Estimates for goeasy

goeasy Ltd. (TSE:GSY - Free Report) - Equities researchers at Cormark cut their Q3 2024 earnings per share (EPS) estimates for goeasy in a report issued on Wednesday, October 23rd. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $4.13 per share for the quarter, down from their prior forecast of $4.18. The consensus estimate for goeasy's current full-year earnings is $20.32 per share. Cormark also issued estimates for goeasy's Q2 2025 earnings at $4.70 EPS, Q3 2025 earnings at $5.30 EPS, Q1 2026 earnings at $5.61 EPS, Q2 2026 earnings at $5.71 EPS, Q3 2026 earnings at $5.72 EPS and FY2026 earnings at $23.17 EPS.

Other equities analysts have also issued research reports about the company. National Bankshares boosted their price objective on goeasy from C$210.00 to C$235.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Scotiabank boosted their price objective on goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. Desjardins lowered their price objective on goeasy from C$215.00 to C$210.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, BMO Capital Markets lowered goeasy from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from C$218.00 to C$202.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, goeasy has an average rating of "Moderate Buy" and an average target price of C$218.78.

goeasy Price Performance

Shares of TSE:GSY traded up C$5.32 during trading on Friday, reaching C$174.30. The stock had a trading volume of 112,145 shares, compared to its average volume of 48,875. 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 has a fifty day moving average price of C$182.52 and a 200-day moving average price of C$183.34. The stock has a market cap of C$2.93 billion, a PE ratio of 10.99, a PEG ratio of 0.84 and a beta of 1.87. goeasy has a 1-year low of C$108.14 and a 1-year high of C$206.02.

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

goeasy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were paid a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, September 27th. goeasy's payout ratio is 30.45%.

Insider Buying and Selling

In related news, Senior Officer Jason Mullins sold 4,500 shares of the 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 owned by corporate insiders.

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.