Research Analysts Offer Predictions for goeasy Ltd.’s Q2 2023 Earnings (TSE:GSY)

goeasy Ltd. (TSE:GSY – Get Rating) – Desjardins decreased their Q2 2023 earnings per share (EPS) estimates for goeasy in a report released on Thursday, May 11th. Desjardins analyst G. Ho now anticipates that the company will earn $3.23 per share for the quarter, down from their previous forecast of $3.32. The consensus estimate for goeasy’s current full-year earnings is $13.55 per share. Desjardins also issued estimates for goeasy’s Q3 2023 earnings at $3.56 EPS, Q4 2023 earnings at $3.83 EPS and FY2023 earnings at $13.73 EPS.

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

Several other analysts have also recently weighed in on the company. Veritas Investment Research reissued a “buy” rating on shares of goeasy in a report on Tuesday, April 4th. National Bankshares dropped their price target on goeasy from C$180.00 to C$170.00 in a report on Tuesday, May 2nd. Raymond James cut goeasy from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from C$195.00 to C$136.00 in a report on Wednesday, March 29th. Cormark dropped their price objective on goeasy from C$185.00 to C$140.00 in a report on Wednesday, March 29th. Finally, CIBC dropped their price objective on goeasy from C$180.00 to C$130.00 in a report on Thursday, March 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$143.71.

goeasy Stock Performance

GSY opened at C$108.05 on Monday. goeasy has a 12-month low of C$87.00 and a 12-month high of C$144.19. The stock has a market cap of C$1.78 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.84 and a beta of 2.09. The business has a 50 day moving average of C$100.62 and a 200-day moving average of 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.

Insider Activity

In other news, Senior Officer Mir Farhan Ali Khan sold 401 shares of the firm’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 owned by company insiders.

goeasy Dividend Announcement

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

goeasy Company Profile

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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.