Q1 2024 Earnings Estimate for goeasy Ltd. (TSE:GSY) Issued By Raymond James

goeasy Ltd. (TSE:GSY) – Stock analysts at Raymond James reduced their Q1 2024 earnings per share (EPS) estimates for shares of goeasy in a report issued on Wednesday, April 24th. Raymond James analyst S. Boland now forecasts that the company will earn $3.81 per share for the quarter, down from their prior forecast of $3.89. Raymond James has a “Outperform” 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. Raymond James also issued estimates for goeasy’s Q2 2024 earnings at $3.99 EPS, Q3 2024 earnings at $4.10 EPS, Q4 2024 earnings at $4.55 EPS, FY2024 earnings at $16.46 EPS, Q1 2025 earnings at $4.57 EPS, Q2 2025 earnings at $4.85 EPS, Q3 2025 earnings at $5.03 EPS, Q4 2025 earnings at $5.44 EPS and FY2025 earnings at $19.89 EPS.

goeasy (TSE:GSY) last issued its earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of C$338.11 million during the quarter, compared to analysts’ expectations of C$340.35 million.

Other equities analysts have also recently issued research reports about the company. Cormark upped their target price on goeasy from C$193.00 to C$200.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Royal Bank of Canada increased their price target on goeasy from C$193.00 to C$195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Scotiabank increased their price target on goeasy from C$145.00 to C$170.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Desjardins increased their price target on goeasy from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Monday. Finally, National Bankshares increased their price target on goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$189.67.

goeasy Price Performance

Shares of GSY opened at C$176.00 on Thursday. goeasy has a 12-month low of C$87.00 and a 12-month high of C$180.10. The business has a 50-day simple moving average of C$166.16 and a two-hundred day simple moving average of C$149.74. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25. The stock has a market cap of C$2.93 billion, a PE ratio of 12.15, a PEG ratio of 0.84 and a beta of 2.03.

goeasy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $1.17 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.68 annualized dividend and a yield of 2.66%. This is a boost from goeasy’s previous quarterly dividend of $0.96. goeasy’s dividend payout ratio (DPR) is currently 32.32%.

Insider Buying and Selling

In related news, Director David Ingram sold 30,000 shares of the firm’s stock in a transaction that occurred on 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. 22.53% of the stock is currently owned by insiders.

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.