CURO Group (NYSE:CURO) Updates FY 2023 Earnings Guidance

CURO Group (NYSE:CURO) updated its FY 2023 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.000-$ for the period. The company issued revenue guidance of -.CURO Group also updated its Q3 2021 guidance to $0.080-$0.120 EPS.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of CURO Group from a sell rating to a hold rating in a research report on Friday, August 13th. Jefferies Financial Group restated a buy rating and set a $25.00 price target on shares of CURO Group in a report on Wednesday, September 29th. Finally, Credit Suisse Group cut their price target on shares of CURO Group from $27.00 to $26.00 and set an outperform rating on the stock in a report on Friday, July 30th.

CURO opened at $18.02 on Thursday. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 3.82. The stock has a market cap of $746.57 million, a price-to-earnings ratio of 14.24 and a beta of 2.87. CURO Group has a twelve month low of $7.32 and a twelve month high of $20.81. The company’s 50-day moving average price is $16.82 and its two-hundred day moving average price is $16.12.

CURO Group (NYSE:CURO) last released its earnings results on Tuesday, July 27th. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.18. The firm had revenue of $187.69 million for the quarter, compared to analysts’ expectations of $187.00 million. CURO Group had a net margin of 19.21% and a return on equity of 33.91%. As a group, sell-side analysts anticipate that CURO Group will post 1.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 19th. Shareholders of record on Monday, August 9th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, August 6th. CURO Group’s payout ratio is 28.95%.

In other CURO Group news, Director Michael Mcknight sold 6,229 shares of the business’s stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $17.00, for a total value of $105,893.00. Following the transaction, the director now directly owns 43,098 shares in the company, valued at $732,666. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 68,521 shares of company stock worth $1,140,702. Corporate insiders own 52.19% of the company’s stock.

A hedge fund recently raised its stake in CURO Group stock. Wells Fargo & Company MN lifted its holdings in shares of CURO Group Holdings Corp. (NYSE:CURO) by 17.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,120 shares of the company’s stock after buying an additional 15,098 shares during the quarter. Wells Fargo & Company MN owned about 0.25% of CURO Group worth $1,753,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 37.37% of the company’s stock.

About CURO Group

CURO Group Holdings Corp. is a consumer finance company, which engages in the provision of services and lending products for under banked consumers. The firm operates through the following segments: United States, Canada, and the United Kingdom. The United States segment operates the Speedy Cash, Rapid Cash, and Avio Credit brands.

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Earnings History and Estimates for CURO Group (NYSE:CURO)

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