goeasy Ltd. (TSE:GSY) to Post FY2024 Earnings of $17.20 Per Share, National Bank Financial Forecasts

goeasy Ltd. (TSE:GSY) – Research analysts at National Bank Financial lowered their FY2024 EPS estimates for shares of goeasy in a report released on Monday, April 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $17.20 per share for the year, down from their previous forecast of $17.44. The consensus estimate for goeasy’s current full-year earnings is $16.66 per share.

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

Several other research analysts also recently weighed in on the stock. CIBC lifted their target price on shares of goeasy from C$200.00 to C$220.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Raymond James lifted their target price on shares of goeasy from C$166.00 to C$200.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Cormark boosted their price objective on shares of goeasy from C$193.00 to C$200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. National Bankshares boosted their price objective on shares of goeasy from C$195.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Scotiabank boosted their target price on shares of goeasy from C$183.00 to C$190.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$196.44.

goeasy Stock Performance

Shares of GSY opened at C$178.72 on Thursday. The firm’s 50 day moving average is C$166.59 and its 200-day moving average is C$152.02. The stock has a market capitalization of C$2.97 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.84 and a beta of 1.97. 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 12-month low of C$87.00 and a 12-month high of C$180.65.

goeasy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Wednesday, March 27th. This is an increase from goeasy’s previous quarterly dividend of $0.96. goeasy’s payout ratio is currently 32.32%.

Insider Activity

In related news, Director David Ingram sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. 22.18% of the stock is owned by corporate insiders.

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.