National Bank Financial Weighs in on goeasy FY2024 Earnings

goeasy Ltd. (TSE:GSY) – Research analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of goeasy in a research report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $16.63 per share for the year, down from their previous forecast of $16.90. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share.

goeasy (TSE:GSY) last announced its earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $3.81 EPS.

Several other research analysts have also weighed in on GSY. National Bankshares boosted their price target 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 boosted their price target on goeasy from C$202.00 to C$207.00 in a research report on Monday, November 11th. Finally, Desjardins lowered their price target on goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$219.89.

goeasy Stock Up 3.0 %

Shares of goeasy stock opened at C$167.10 on Wednesday. The business’s 50 day simple moving average is C$171.14 and its 200 day simple moving average is C$178.98. goeasy has a 52-week low of C$151.80 and a 52-week high of C$206.02. The firm has a market cap of C$2.81 billion, a PE ratio of 10.87, a P/E/G 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.

Insider Transactions at goeasy

In related news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$175.58, for a total value of C$316,051.56. Also, Senior Officer Jason Mullins sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total transaction of C$429,400.00. 22.05% of the stock is currently owned by corporate insiders.

goeasy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were paid a dividend of $1.17 per share. The ex-dividend date was Friday, December 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.80%. goeasy’s dividend payout ratio 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.