Raymond James Brokers Decrease Earnings Estimates for goeasy Ltd. (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Raymond James decreased their Q1 2024 earnings estimates for shares of goeasy in a report issued on Wednesday, April 24th. Raymond James analyst S. Boland now forecasts that the company will earn $3.81 per share for the quarter, down from their prior estimate of $3.89. Raymond James currently has a “Outperform” 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. Raymond James also issued estimates for goeasy’s Q2 2024 earnings at $3.99 EPS, Q3 2024 earnings at $4.10 EPS, Q4 2024 earnings at $4.55 EPS, FY2024 earnings at $16.46 EPS, Q1 2025 earnings at $4.57 EPS, Q2 2025 earnings at $4.85 EPS, Q3 2025 earnings at $5.03 EPS, Q4 2025 earnings at $5.44 EPS and FY2025 earnings at $19.89 EPS.

Several other research analysts have also recently issued reports on GSY. Cormark upped their target price 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. Scotiabank upped their target price on shares of goeasy from C$145.00 to C$170.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. BMO Capital Markets upped their target price on shares of goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. National Bankshares upped their target price on shares of goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Finally, CIBC upped their target price on shares of goeasy from C$200.00 to C$220.00 and gave the company an “outperform” rating in a report on Friday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$191.89.

goeasy Trading Up 0.5 %

Shares of TSE:GSY opened at C$176.90 on Thursday. The company’s 50 day moving average is C$166.10 and its two-hundred day moving average is C$149.92. goeasy has a 52 week low of C$87.00 and a 52 week high of C$180.10. The company has a current ratio of 15.62, a quick ratio of 28.46 and a debt-to-equity ratio of 278.25. The company has a market cap of C$2.94 billion, a PE ratio of 12.26, a P/E/G ratio of 0.84 and a beta of 2.03.

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

goeasy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $1.17 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.65%. This is a boost from goeasy’s previous quarterly dividend of $0.96. goeasy’s dividend payout ratio is currently 32.32%.

Insider Buying and Selling

In other news, Director David Ingram sold 30,000 shares of the firm’s stock in a transaction on 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. 22.53% of the stock is owned by company insiders.

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.