National Bank Financial Expects Reduced Earnings for goeasy

goeasy Ltd. (TSE:GSY) – National Bank Financial cut their FY2024 earnings per share (EPS) estimates for goeasy in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $16.63 per share for the year, down from their prior estimate of $16.90. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share.

goeasy (TSE:GSY) last released its earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share for the quarter, topping analysts’ consensus estimates of C$4.16 by C$0.16. goeasy had a return on equity of 25.28% and a net margin of 33.40%. During the same quarter in the prior year, the firm earned $3.81 EPS.

A number of other equities research analysts also recently weighed in on GSY. BMO Capital Markets lifted their price objective on goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. National Bankshares lifted their price objective on goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Desjardins decreased their price objective on goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, goeasy has an average rating of “Moderate Buy” and a consensus price target of C$219.89.

goeasy Stock Up 3.0 %

GSY stock opened at C$167.10 on Wednesday. goeasy has a twelve month low of C$151.80 and a twelve month high of C$206.02. The company has a market cap of C$2.81 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The business’s 50-day simple moving average is C$171.14 and its 200 day simple moving average is C$178.98. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31.

Insider Transactions at goeasy

In related news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$175.58, for a total value of C$316,051.56. Also, Senior Officer Jason Mullins sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$171.76, for a total value of C$429,400.00. 22.05% of the stock is owned by company insiders.

goeasy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Friday, December 27th. goeasy’s payout ratio is currently 30.45%.

goeasy Company Profile

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.