goeasy Ltd. Expected to Earn Q2 2024 Earnings of $3.90 Per Share (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Equities researchers at Raymond James decreased their Q2 2024 earnings per share (EPS) estimates for shares of goeasy in a note issued to investors on Tuesday, May 7th. Raymond James analyst S. Boland now anticipates that the company will earn $3.90 per share for the quarter, down from their previous estimate of $3.99. Raymond James currently has a “Outperform” rating and a $225.00 target price on the stock. The consensus estimate for goeasy’s current full-year earnings is $16.66 per share. Raymond James also issued estimates for goeasy’s Q2 2025 earnings at $4.81 EPS.

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

Other analysts have also issued research reports about the stock. Desjardins raised their price objective on shares of goeasy from C$190.00 to C$205.00 and gave the stock a “buy” rating in a report on Wednesday. Scotiabank lifted their price objective on goeasy from C$183.00 to C$190.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. CIBC increased their target price on goeasy from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a report on Wednesday. BMO Capital Markets lifted their price target on goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada increased their price objective on shares of goeasy from C$201.00 to C$225.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$206.20.

goeasy Stock Up 3.3 %

GSY opened at C$190.60 on Thursday. The firm has a market cap of C$3.17 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.84 and a beta of 1.97. goeasy has a twelve month low of C$94.20 and a twelve month high of C$191.00. The company has a debt-to-equity ratio of 278.25, a quick ratio of 28.46 and a current ratio of 15.62. The firm’s 50-day simple moving average is C$168.49 and its 200-day simple moving average is C$154.58.

goeasy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from goeasy’s previous quarterly dividend of $0.96. goeasy’s payout ratio is currently 32.32%.

Insider Buying and Selling at goeasy

In other goeasy news, Director David Ingram sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. Corporate insiders own 22.18% 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.