Research Analysts Issue Forecasts for goeasy Ltd.’s FY2024 Earnings (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Research analysts at National Bank Financial increased their FY2024 EPS estimates for goeasy in a research note issued to investors on Tuesday, May 7th. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $17.24 per share for the year, up from their previous estimate of $17.20. The consensus estimate for goeasy’s current full-year earnings is $16.66 per share.

goeasy (TSE:GSY) last announced its earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, beating the consensus estimate of C$3.92 by C$0.09. The business had revenue of C$338.11 million during the quarter, compared to the consensus estimate of C$340.35 million. goeasy had a net margin of 33.21% and a return on equity of 25.77%.

Several other research analysts also recently weighed in on the stock. Scotiabank upped their target price on shares of goeasy from C$190.00 to C$200.00 in a research note on Thursday. Cormark upped their price target on shares of goeasy from C$193.00 to C$200.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. BMO Capital Markets upped their price target on shares of goeasy from C$192.00 to C$208.00 in a report on Thursday. Royal Bank of Canada upped their price target on shares of goeasy from C$201.00 to C$225.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Raymond James upped their price target on shares of goeasy from C$200.00 to C$225.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$208.80.

goeasy Price Performance

Shares of GSY stock opened at C$179.13 on Friday. The company has a market capitalization of C$2.98 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.97. The firm has a fifty day simple moving average of C$168.74 and a 200-day simple moving average of C$154.75. The company has a current ratio of 15.62, a quick ratio of 28.46 and a debt-to-equity ratio of 278.25. goeasy has a twelve month low of C$100.03 and a twelve month high of C$192.08.

goeasy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.17 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.61%. goeasy’s dividend payout ratio (DPR) is 32.32%.

Insiders Place Their Bets

In other goeasy news, Director David Ingram sold 30,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. 22.18% of the stock is owned by corporate 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.