National Bank Financial Weighs in on goeasy Ltd.’s FY2024 Earnings (TSE:GSY)

goeasy Ltd. (TSE:GSY – Get Rating) – Equities research analysts at National Bank Financial lifted their FY2024 EPS estimates for shares of goeasy in a research report issued to clients and investors on Wednesday, May 10th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $16.42 for the year, up from their prior estimate of $16.40. The consensus estimate for goeasy’s current full-year earnings is $13.55 per share.

goeasy (TSE:GSY – Get Rating) last announced its earnings results on Wednesday, February 15th. The company reported C$3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.87 by C$0.18. goeasy had a net margin of 22.01% and a return on equity of 16.89%. The company had revenue of C$273.33 million for the quarter, compared to analysts’ expectations of C$274.20 million.

Other analysts have also issued reports about the stock. BMO Capital Markets reduced their price objective on shares of goeasy from C$196.00 to C$140.00 in a report on Wednesday, March 29th. CIBC cut their price target on shares of goeasy from C$180.00 to C$130.00 in a research note on Thursday, March 30th. Veritas Investment Research reiterated a “buy” rating on shares of goeasy in a research note on Tuesday, April 4th. TD Securities cut their price target on shares of goeasy from C$180.00 to C$160.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Finally, Scotiabank cut their price target on shares of goeasy from C$170.00 to C$130.00 in a research note on Wednesday, March 29th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$143.71.

goeasy Stock Up 0.7 %

TSE GSY opened at C$108.05 on Monday. The firm has a market cap of C$1.78 billion, a PE ratio of 12.83, a P/E/G ratio of 0.84 and a beta of 2.09. goeasy has a 52 week low of C$87.00 and a 52 week high of C$144.19. The business’s fifty day simple moving average is C$100.62 and its 200-day simple moving average is C$111.82. The company has a quick ratio of 28.46, a current ratio of 37.15 and a debt-to-equity ratio of 264.88.

goeasy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Thursday, June 29th. goeasy’s dividend payout ratio (DPR) is 45.61%.

Insider Activity at goeasy

In related news, Senior Officer Mir Farhan Ali Khan sold 401 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of C$124.25, for a total value of C$49,824.25. 23.11% of the stock is currently owned by corporate insiders.

About goeasy

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goeasy Ltd. provides non-prime leasing and lending services to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; personal, home equity, and auto loans; point-of-sale and small business financing; and value-added services.