Q2 2024 EPS Estimates for goeasy Ltd. Increased by National Bank Financial (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Investment analysts at National Bank Financial lifted their Q2 2024 earnings per share estimates for shares of goeasy in a research report issued on Tuesday, May 7th. National Bank Financial analyst J. Gloyn now expects that the company will earn $4.21 per share for the quarter, up from their previous estimate of $4.09. The consensus estimate for goeasy’s current full-year earnings is $16.66 per share. National Bank Financial also issued estimates for goeasy’s Q3 2024 earnings at $4.51 EPS, Q4 2024 earnings at $4.69 EPS and FY2025 earnings at $19.46 EPS.

Several other analysts also recently commented on the stock. 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 research report on Wednesday. BMO Capital Markets increased their price target on goeasy from C$187.00 to C$192.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. National Bankshares boosted their price objective on shares of goeasy from C$195.00 to C$210.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. CIBC lifted their target price on shares of goeasy from C$220.00 to C$230.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Scotiabank increased their price target on shares of goeasy from C$183.00 to C$190.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, goeasy currently has an average rating of “Moderate Buy” and an average target price of C$206.20.

goeasy Stock Up 3.3 %

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

goeasy (TSE:GSY) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 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 the consensus estimate of C$340.35 million.

goeasy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $1.17 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.46%. This is a boost from goeasy’s previous quarterly dividend of $0.96. goeasy’s dividend payout ratio is currently 32.32%.

Insider Activity at goeasy

In related news, Director David Ingram sold 30,000 shares of the business’s stock in a transaction dated 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. 22.18% of the stock is currently owned by company 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.