Desjardins Has Bullish Estimate for goeasy FY2024 Earnings

goeasy Ltd. (TSE:GSY) – Equities research analysts at Desjardins lifted their FY2024 earnings per share estimates for shares of goeasy in a note issued to investors on Sunday, November 10th. Desjardins analyst G. Ho now expects that the company will post earnings of $16.79 per share for the year, up from their previous estimate of $16.61. Desjardins currently has a “Buy” rating and a $210.00 target price on the stock. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Desjardins also issued estimates for goeasy’s Q4 2024 earnings at $4.54 EPS.

A number of other analysts have also recently weighed in on the stock. National Bankshares raised their price target on shares of goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Scotiabank raised their target price on shares of goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. Finally, BMO Capital Markets upped their price target on goeasy from C$202.00 to C$207.00 in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, goeasy currently has a consensus rating of “Moderate Buy” and an average target price of C$219.89.

goeasy Price Performance

GSY opened at C$178.25 on Wednesday. The firm has a market capitalization of C$2.99 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46. The business’s 50-day moving average is C$179.97 and its two-hundred day moving average is C$184.04. goeasy has a 1 year low of C$121.33 and a 1 year high of C$206.02.

goeasy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Friday, December 27th. goeasy’s dividend payout ratio (DPR) is presently 30.45%.

Insider Activity at goeasy

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of goeasy stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total transaction of C$846,000.00. 22.05% of the stock is owned by 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.