Zacks: Analysts Expect CURO Group Holdings Corp. (NYSE:CURO) Will Post Earnings of $0.36 Per Share

Brokerages forecast that CURO Group Holdings Corp. (NYSE:CUROGet Rating) will post earnings per share (EPS) of $0.36 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for CURO Group’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.55. CURO Group posted earnings of $0.40 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that CURO Group will report full year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $2.26. For the next fiscal year, analysts anticipate that the business will report earnings of $3.57 per share, with EPS estimates ranging from $3.25 to $3.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CURO Group.

CURO Group (NYSE:CUROGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. CURO Group had a net margin of 3.83% and a return on equity of 2.90%. During the same period in the prior year, the company posted $0.64 earnings per share.

Separately, Zacks Investment Research downgraded shares of CURO Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 19th.

A number of hedge funds have recently added to or reduced their stakes in the stock. Empyrean Capital Partners LP increased its position in CURO Group by 4.5% during the 3rd quarter. Empyrean Capital Partners LP now owns 2,790,658 shares of the company’s stock worth $48,362,000 after purchasing an additional 118,918 shares in the last quarter. OCO Capital Partners L.P. increased its position in CURO Group by 2.3% in the 3rd quarter. OCO Capital Partners L.P. now owns 2,225,000 shares of the company’s stock valued at $38,559,000 after acquiring an additional 50,000 shares during the period. BlackRock Inc. increased its position in CURO Group by 5.8% in the 4th quarter. BlackRock Inc. now owns 1,409,824 shares of the company’s stock valued at $22,571,000 after acquiring an additional 77,191 shares during the period. Russell Investments Group Ltd. increased its position in CURO Group by 2.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,041,352 shares of the company’s stock valued at $16,669,000 after acquiring an additional 22,011 shares during the period. Finally, Lodge Hill Capital LLC increased its position in CURO Group by 70.5% in the 4th quarter. Lodge Hill Capital LLC now owns 628,738 shares of the company’s stock valued at $10,066,000 after acquiring an additional 260,000 shares during the period. Institutional investors and hedge funds own 38.78% of the company’s stock.

Shares of CURO Group stock opened at $9.17 on Friday. The company has a 50 day moving average of $12.06 and a 200-day moving average of $14.65. CURO Group has a 1-year low of $8.85 and a 1-year high of $20.10. The company has a current ratio of 5.07, a quick ratio of 5.07 and a debt-to-equity ratio of 12.14. The company has a market cap of $370.00 million, a PE ratio of 13.49 and a beta of 2.56.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Tuesday, May 10th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Monday, May 9th. CURO Group’s dividend payout ratio is 64.71%.

CURO Group Company Profile (Get Rating)

CURO Group Holdings Corp., together with its subsidiaries, provides consumer finance products in the United States and Canada. The company offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales, and money transfer services.

Further Reading

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Earnings History and Estimates for CURO Group (NYSE:CURO)

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