Equities Analysts Offer Predictions for goeasy Ltd.’s Q1 2024 Earnings (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Research analysts at Raymond James lowered their Q1 2024 earnings per share (EPS) estimates for goeasy in a note issued to investors on Wednesday, April 24th. Raymond James analyst S. Boland now anticipates that the company will post earnings of $3.81 per share for the quarter, down from their previous forecast of $3.89. Raymond James currently has a “Outperform” rating and a $200.00 target price 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.

goeasy (TSE:GSY) last posted its quarterly earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, topping the consensus estimate of C$3.92 by C$0.09. goeasy had a return on equity of 25.77% and a net margin of 33.21%. The firm had revenue of C$338.11 million during the quarter, compared to analysts’ expectations of C$340.35 million.

Several other analysts have also commented on the company. Royal Bank of Canada lifted their price objective on goeasy from C$193.00 to C$195.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Cormark boosted their price target on goeasy from C$193.00 to C$200.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Desjardins boosted their price target on goeasy from C$185.00 to C$190.00 and gave the company a “buy” rating in a report on Monday. Scotiabank boosted their price target on goeasy from C$145.00 to C$170.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Finally, National Bankshares boosted their price target on goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$189.67.

goeasy Stock Performance

Shares of GSY opened at C$174.93 on Thursday. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. goeasy has a one year low of C$87.00 and a one year high of C$180.10. The firm has a market capitalization of C$2.91 billion, a P/E ratio of 12.15, a PEG ratio of 0.84 and a beta of 2.03. The business has a fifty day moving average of C$166.06 and a 200 day moving average of C$149.56.

Insider Transactions at goeasy

In other news, Director David Ingram sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$157.58, for a total value of C$4,727,400.00. Corporate insiders own 22.53% of the company’s stock.

goeasy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $1.17 dividend. This is a positive change from goeasy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.68%. goeasy’s dividend payout ratio is 32.32%.

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.