goeasy Ltd. to Post FY2024 Earnings of $16.88 Per Share, Cormark Forecasts (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Investment analysts at Cormark lifted their FY2024 earnings per share estimates for shares of goeasy in a report issued on Thursday, April 18th. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $16.88 per share for the year, up from their prior estimate of $16.82. Cormark has a “Buy” 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.

A number of other equities research analysts have also weighed in on the company. National Bankshares lifted their price objective on goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. CIBC lifted their price target on shares of goeasy from C$175.00 to C$200.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on shares of goeasy from C$193.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Desjardins lifted their price target on shares of goeasy from C$165.00 to C$185.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets lifted their price target on shares of goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$189.11.

goeasy Price Performance

Shares of GSY opened at C$173.43 on Friday. goeasy has a twelve month low of C$87.00 and a twelve month high of C$180.10. The stock’s 50 day moving average is C$165.45 and its two-hundred day moving average is C$148.02. The firm has a market capitalization of C$2.88 billion, a PE ratio of 11.98, a P/E/G ratio of 0.84 and a beta of 2.03. 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 (TSE:GSY) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, beating 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 company had revenue of C$338.11 million for the quarter, compared to analyst estimates of C$340.35 million.

goeasy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $1.17 per share. This is an increase from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Wednesday, March 27th. goeasy’s payout ratio is currently 32.32%.

Insider Buying and Selling

In related news, Director David Ingram sold 30,000 shares of goeasy 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. Insiders own 22.53% 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.