Q3 EPS Estimates for goeasy Cut by National Bank Financial

goeasy Ltd. (TSE:GSY) – Research analysts at National Bank Financial reduced their Q3 2024 earnings estimates for goeasy in a report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $4.15 per share for the quarter, down from their previous forecast of $4.26. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. National Bank Financial also issued estimates for goeasy’s FY2024 earnings at $16.72 EPS.

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

Other analysts also recently issued reports about the company. BMO Capital Markets downgraded goeasy from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$218.00 to C$202.00 in a research report on Tuesday, October 22nd. Desjardins decreased their target price 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. Scotiabank lifted their target price on goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. Finally, National Bankshares lifted their target price on goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, goeasy currently has an average rating of “Moderate Buy” and a consensus target price of C$219.33.

goeasy Stock Up 3.1 %

TSE:GSY opened at C$180.17 on Thursday. goeasy has a twelve month low of C$108.84 and a twelve month high of C$206.02. The company has a market cap of C$3.03 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The stock has a fifty day simple moving average of C$181.90 and a 200-day simple moving average of C$183.58. The company has a current ratio of 15.97, a quick ratio of 28.46 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 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. Insiders own 22.05% of the company’s stock.

goeasy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were issued a $1.17 dividend. The ex-dividend date was Friday, September 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.60%. goeasy’s dividend payout ratio is presently 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.