goeasy Ltd. (TSE:GSY) to Post Q2 2024 Earnings of $3.90 Per Share, Raymond James Forecasts

goeasy Ltd. (TSE:GSY) – Equities researchers at Raymond James cut their Q2 2024 earnings estimates for goeasy in a report issued on Tuesday, May 7th. Raymond James analyst S. Boland now forecasts 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.

A number of other research firms have also weighed in on GSY. BMO Capital Markets boosted their target price on shares of goeasy from C$187.00 to C$192.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Cormark lifted 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. Scotiabank increased their price target on goeasy from C$183.00 to C$190.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. National Bankshares lifted their price objective on goeasy from C$195.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Finally, Colliers Securities upped their target price on goeasy from C$200.00 to C$220.00 in a report on Wednesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$206.20.

goeasy Stock Performance

goeasy stock opened at C$190.60 on Thursday. The business has a 50 day moving average of C$168.49 and a 200-day moving average of C$154.58. The company has a market capitalization of C$3.17 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.84 and a beta of 1.97. goeasy has a 1 year low of C$94.20 and a 1 year high of C$191.00. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46.

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.

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 $1.17 dividend. This is an increase from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Wednesday, March 27th. goeasy’s payout ratio is presently 32.32%.

Insider Buying and Selling at goeasy

In other news, Director David Ingram sold 30,000 shares of goeasy stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total value of C$4,727,400.00. 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.