Desjardins Comments on goeasy’s FY2024 Earnings (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Analysts at Desjardins decreased their FY2024 earnings per share (EPS) estimates for goeasy in a research report issued on Monday, January 27th. Desjardins analyst G. Ho now forecasts that the company will earn $16.63 per share for the year, down from their previous estimate of $16.79. Desjardins 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 $4.38 EPS and FY2025 earnings at $19.74 EPS.

Other equities analysts also recently issued reports about the company. National Bankshares increased their target price on goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their price objective on goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, goeasy presently has a consensus rating of “Moderate Buy” and an average price target of C$219.89.

goeasy Stock Performance

TSE GSY opened at C$182.98 on Thursday. The business’s 50-day moving average price is C$171.05 and its 200 day moving average price is C$179.23. goeasy has a twelve month low of C$150.06 and a twelve month high of C$206.02. The company has a market capitalization of C$3.07 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The company has a current ratio of 15.97, a quick ratio of 28.46 and a debt-to-equity ratio of 289.31.

goeasy (TSE:GSY) last released its earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share for the quarter, topping the consensus estimate of C$4.16 by C$0.16. goeasy had a return on equity of 25.28% and a net margin of 33.40%. During the same quarter in the prior year, the firm earned $3.81 EPS.

goeasy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were paid a $1.17 dividend. The ex-dividend date was Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.56%. goeasy’s dividend payout ratio (DPR) is currently 30.45%.

Insider Activity

In other news, Senior Officer Jason Mullins sold 2,500 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total value of C$429,400.00. Also, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average price of C$172.62 per share, with a total value of C$526,491.00. Insiders own 22.05% of the company’s stock.

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.