Cormark Issues Pessimistic Estimate for goeasy Earnings

goeasy Ltd. (TSE:GSY) – Cormark dropped their Q4 2024 earnings estimates for shares of goeasy in a report released on Monday, November 11th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $4.31 for the quarter, down from their prior estimate of $4.46. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Cormark also issued estimates for goeasy’s Q1 2025 earnings at $4.55 EPS, Q2 2025 earnings at $4.57 EPS, FY2025 earnings at $20.38 EPS, Q1 2026 earnings at $5.54 EPS, Q2 2026 earnings at $5.66 EPS, Q3 2026 earnings at $6.01 EPS and FY2026 earnings at $22.97 EPS.

Other equities analysts also recently issued reports about the stock. National Bankshares upped their price target on shares of goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Desjardins reduced their price objective on goeasy from C$215.00 to C$210.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on goeasy from C$202.00 to C$207.00 in a research report on Monday. Finally, Scotiabank lifted their price objective on goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$219.89.

goeasy Stock Up 0.2 %

GSY stock opened at C$178.25 on Tuesday. The company has a 50 day moving average of C$179.97 and a two-hundred day moving average of C$184.04. The company has a market cap of C$2.99 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.84 and a beta of 1.87. goeasy has a 12-month low of C$121.33 and a 12-month high of C$206.02. 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 Buying and Selling at goeasy

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total transaction of C$846,000.00. Corporate insiders own 22.05% of the company’s stock.

goeasy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a dividend of $1.17 per share. The ex-dividend date is Friday, December 27th. This represents a $4.68 annualized dividend and a yield of 2.63%. goeasy’s dividend payout ratio (DPR) 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.