Raymond James Comments on goeasy’s FY2024 Earnings (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Equities researchers at Raymond James cut their FY2024 earnings per share estimates for shares of goeasy in a research note issued to investors on Tuesday, January 28th. Raymond James analyst S. Boland now expects that the company will post earnings of $16.49 per share for the year, down from their previous estimate of $16.79. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Raymond James also issued estimates for goeasy’s Q4 2024 earnings at $4.47 EPS, Q1 2025 earnings at $4.68 EPS and Q2 2025 earnings at $4.79 EPS.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets increased their price target on goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. National Bankshares increased their price target on goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Desjardins dropped their price target on goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$219.89.

goeasy Stock Down 2.5 %

GSY opened at C$182.98 on Thursday. goeasy has a 1-year low of C$150.06 and a 1-year high of C$206.02. The stock’s fifty day simple moving average is C$171.05 and its 200 day simple moving average is C$179.23. The company has a current ratio of 15.97, a quick ratio of 28.46 and a debt-to-equity ratio of 289.31. The stock has a market cap of C$3.07 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

goeasy (TSE:GSY) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$4.16 by C$0.16. goeasy had a return on equity of 25.28% and a net margin of 33.40%. During the same quarter in the previous year, the company posted $3.81 EPS.

Insider Transactions at goeasy

In related news, Senior Officer Jason Mullins sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total value of C$429,400.00. Also, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$175.58, for a total value of C$316,051.56. 22.05% of the stock is currently owned by insiders.

goeasy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, December 27th. goeasy’s dividend payout ratio (DPR) is currently 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.