Research Analysts Set Expectations for goeasy Q3 Earnings

goeasy Ltd. (TSE:GSY) – Equities research analysts at Desjardins dropped their Q3 2024 EPS estimates for goeasy in a research report issued on Tuesday, October 22nd. Desjardins analyst G. Ho now expects that the company will post earnings per share of $4.14 for the quarter, down from their previous forecast of $4.34. Desjardins currently 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.

goeasy (TSE:GSY) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 EPS 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.

A number of other brokerages have also recently commented on GSY. National Bankshares increased their price objective 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. BMO Capital Markets downgraded shares of goeasy from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$218.00 to C$202.00 in a report on Tuesday. Finally, Scotiabank raised their price objective on shares of goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$218.78.

goeasy Stock Up 1.1 %

goeasy stock opened at C$167.15 on Thursday. The firm has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97. goeasy has a fifty-two week low of C$106.51 and a fifty-two week high of C$206.02. The stock’s fifty day moving average is C$182.90 and its two-hundred day moving average is C$183.26.

Insider Buying and Selling at goeasy

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of the stock in a transaction on 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 insiders.

goeasy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were paid a $1.17 dividend. The ex-dividend date was Friday, September 27th. This represents a $4.68 annualized dividend and a yield of 2.80%. goeasy’s payout ratio is currently 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.