National Bank Financial Predicts Reduced Earnings for goeasy

goeasy Ltd. (TSE:GSY - Free Report) - Stock analysts at National Bank Financial cut their Q4 2024 earnings estimates for shares of goeasy in a research note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $4.65 per share for the quarter, down from their previous estimate of $4.81. The consensus estimate for goeasy's current full-year earnings is $20.32 per share.

goeasy (TSE:GSY - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, beating analysts' consensus estimates of C$4.01 by C$0.09. The company 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%.

Several other equities research analysts have also commented on the stock. National Bankshares boosted their target price on shares of goeasy from C$235.00 to C$240.00 and gave the stock an "outperform" rating in a research report on Wednesday. Desjardins decreased their price objective on shares of goeasy from C$215.00 to C$210.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Scotiabank lifted their price target on shares of goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. Finally, BMO Capital Markets lowered 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 note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, goeasy has a consensus rating of "Moderate Buy" and a consensus price target of C$219.33.

goeasy Price Performance

Shares of goeasy stock traded down C$2.52 during trading on Friday, reaching C$174.61. The company's stock had a trading volume of 46,535 shares, compared to its average volume of 49,185. The business has a 50 day moving average price of C$181.62 and a 200-day moving average price of C$183.67. goeasy has a 12-month low of C$114.90 and a 12-month high of C$206.02. The company has a market capitalization of C$2.93 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31.

Insider Activity

In other goeasy 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 value of C$846,000.00. Company insiders own 22.05% of the company's stock.

goeasy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were given a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Friday, September 27th. goeasy's dividend payout ratio is presently 30.45%.

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.