goeasy Ltd. Expected to Post Q1 2024 Earnings of $3.82 Per Share (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Analysts at Cormark boosted their Q1 2024 EPS estimates for goeasy in a report released on Thursday, April 18th. Cormark analyst J. Fenwick now expects that the company will post earnings of $3.82 per share for the quarter, up from their previous estimate of $3.71. Cormark has a “Buy” rating and a $200.00 price objective on the stock. The consensus estimate for goeasy’s current full-year earnings is $16.58 per share. Cormark also issued estimates for goeasy’s Q3 2024 earnings at $4.41 EPS, Q4 2024 earnings at $4.67 EPS, Q1 2025 earnings at $4.82 EPS, Q2 2025 earnings at $4.85 EPS, Q3 2025 earnings at $5.39 EPS, Q4 2025 earnings at $5.68 EPS and FY2025 earnings at $20.73 EPS.

A number of other brokerages have also recently issued reports on GSY. Desjardins raised their price objective on shares of goeasy from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Monday. National Bankshares boosted their price objective on goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Royal Bank of Canada raised their target price on shares of goeasy from C$193.00 to C$195.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. BMO Capital Markets upped their price target on goeasy from C$187.00 to C$192.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Scotiabank boosted their price target on shares of goeasy from C$145.00 to C$170.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$189.67.

goeasy Stock Up 1.1 %

Shares of GSY opened at C$175.32 on Monday. goeasy has a one year low of C$87.00 and a one year high of C$180.10. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. The business’s 50 day simple moving average is C$165.70 and its 200-day simple moving average is C$149.11. The company has a market capitalization of C$2.92 billion, a P/E ratio of 12.11, a PEG ratio of 0.84 and a beta of 2.03.

goeasy (TSE:GSY) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$3.92 by C$0.09. The company had revenue of C$338.11 million during the quarter, compared to analysts’ expectations of C$340.35 million. goeasy had a net margin of 33.21% and a return on equity of 25.77%.

Insiders Place Their Bets

In related news, Director David Ingram sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. Corporate insiders own 22.53% of the company’s stock.

goeasy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 2.67%. This is a boost from goeasy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, March 27th. goeasy’s dividend payout ratio (DPR) is 32.32%.

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.