goeasy (TSE:GSY) Shares Down 7.4%

goeasy Ltd. (TSE:GSY - Get Free Report) was down 7.4% on Thursday . The stock traded as low as C$183.21 and last traded at C$189.88. Approximately 120,984 shares traded hands during mid-day trading, an increase of 183% from the average daily volume of 42,784 shares. The stock had previously closed at C$205.00.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GSY shares. National Bankshares raised their price objective on goeasy from C$195.00 to C$210.00 and gave the company an "outperform" rating in a report on Tuesday, April 30th. Colliers Securities raised their price objective on goeasy from C$200.00 to C$220.00 in a report on Wednesday, May 8th. Royal Bank of Canada raised their target price on shares of goeasy from C$201.00 to C$225.00 and gave the company an "outperform" rating in a research note on Wednesday, May 8th. Scotiabank raised their target price on shares of goeasy from C$190.00 to C$200.00 in a research note on Thursday, May 9th. Finally, BMO Capital Markets raised their target price on shares of goeasy from C$192.00 to C$208.00 in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$208.80.

goeasy Price Performance

The company's 50-day simple moving average is C$184.47 and its 200-day simple moving average is C$170.43. The company has a debt-to-equity ratio of 284.07, a current ratio of 26.61 and a quick ratio of 28.46. The stock has a market capitalization of C$3.09 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 0.84 and a beta of 1.95.

goeasy (TSE:GSY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of C$3.77 by C$0.06. The firm had revenue of C$357.11 million during the quarter, compared to the consensus estimate of C$350.44 million. goeasy had a net margin of 33.32% and a return on equity of 25.47%. Research analysts forecast that goeasy Ltd. will post 17.2156863 earnings per share for the current fiscal year.

goeasy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, July 12th will be given a dividend of $1.17 per share. The ex-dividend date is Friday, June 28th. This represents a $4.68 annualized dividend and a yield of 2.53%. goeasy's dividend payout ratio (DPR) is presently 31.47%.

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.