Q3 Earnings Estimate for goeasy Issued By Desjardins

goeasy Ltd. (TSE:GSY) – Equities research analysts at Desjardins cut their Q3 2024 earnings per share (EPS) estimates for goeasy in a note issued to investors on Tuesday, October 22nd. Desjardins analyst G. Ho now anticipates that the company will earn $4.14 per share for the quarter, down from their previous estimate of $4.34. Desjardins currently has a “Buy” rating and a $210.00 price objective on the stock. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Desjardins also issued estimates for goeasy’s Q4 2024 earnings at $4.53 EPS, FY2024 earnings at $16.61 EPS, FY2025 earnings at $19.73 EPS and FY2026 earnings at $22.53 EPS.

goeasy (TSE:GSY) last announced its earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of C$4.01 by C$0.09. goeasy had a net margin of 33.40% and a return on equity of 25.28%. The company had revenue of C$377.80 million for the quarter, compared to the consensus estimate of C$372.40 million.

Several other equities analysts have also recently commented on the stock. National Bankshares boosted their price target on shares of goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets cut shares of goeasy from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$218.00 to C$202.00 in a report on Tuesday. Finally, Scotiabank upped their price objective on shares of goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$218.78.

goeasy Trading Up 3.1 %

goeasy stock opened at C$174.30 on Thursday. The company’s fifty day simple moving average is C$182.31 and its 200-day simple moving average is C$183.44. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31. goeasy has a 12 month low of C$108.14 and a 12 month high of C$206.02. The stock has a market cap of C$2.93 billion, a P/E ratio of 11.34, a P/E/G ratio of 0.84 and a beta of 1.87.

Insider Buying and Selling at goeasy

In other news, Senior Officer Jason Mullins sold 4,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were 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 company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were issued a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Friday, September 27th. goeasy’s dividend payout ratio (DPR) is 30.45%.

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.