Brokers Issue Forecasts for goeasy's Q3 Earnings (TSE:GSY)

goeasy Ltd. (TSE:GSY - Free Report) - Research analysts at National Bank Financial dropped their Q3 2024 earnings estimates for goeasy in a report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $4.15 for the quarter, down from their prior forecast of $4.26. The consensus estimate for goeasy's current full-year earnings is $20.32 per share. National Bank Financial also issued estimates for goeasy's FY2024 earnings at $16.72 EPS.

goeasy (TSE:GSY - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 EPS for the quarter, beating 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.

A number of other brokerages have also recently issued reports on GSY. BMO Capital Markets cut shares of goeasy from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from C$218.00 to C$202.00 in a research report on Tuesday, October 22nd. Desjardins dropped their price objective 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. Scotiabank increased their price target on goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. Finally, National Bankshares lifted their price objective on goeasy from C$235.00 to C$240.00 and gave the company an "outperform" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$219.33.

goeasy Price Performance

Shares of TSE GSY traded down C$3.04 during midday trading on Thursday, reaching C$177.13. 59,625 shares of the company traded hands, compared to its average volume of 49,197. goeasy has a 12 month low of C$108.84 and a 12 month 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 stock's 50-day simple moving average is C$181.80 and its 200-day simple moving average is C$183.64. The firm has a market cap of C$2.98 billion, a PE ratio of 11.37, a PEG ratio of 0.84 and a beta of 1.87.

Insider Transactions at goeasy

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

goeasy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were paid a $1.17 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.64%. goeasy's dividend payout ratio (DPR) 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.