goeasy (TSE:GSY) Posts Earnings Results

goeasy (TSE:GSY) released its quarterly earnings results on Thursday. The company reported C$0.96 earnings per share for the quarter, FiscalAI reports. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%.The company had revenue of C$390.04 million for the quarter.

goeasy Price Performance

Shares of GSY traded down C$1.66 during trading hours on Thursday, hitting C$46.96. 87,397 shares of the stock were exchanged, compared to its average volume of 252,810. goeasy has a fifty-two week low of C$27.60 and a fifty-two week high of C$216.50. The business has a 50-day moving average of C$44.27 and a 200-day moving average of C$60.57. The firm has a market capitalization of C$752.96 million, a P/E ratio of -2.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.39.

Wall Street Analyst Weigh In

GSY has been the topic of several recent research reports. Raymond James Financial lifted their target price on shares of goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 21st. ATB Cormark Capital Markets lowered shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price target on the stock. in a report on Wednesday, July 29th. National Bank Financial boosted their price objective on shares of goeasy from C$34.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. BMO Capital Markets decreased their price objective on goeasy from C$45.00 to C$36.00 in a report on Wednesday, May 13th. Finally, Scotiabank lowered goeasy from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$55.00 to C$39.00 in a research report on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of C$37.89.

goeasy Company Profile

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.