Raymond James Comments on goeasy’s FY2024 Earnings (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Raymond James lowered their FY2024 earnings per share estimates for goeasy in a research report issued on Tuesday, January 28th. Raymond James analyst S. Boland now forecasts that the company will post earnings per share of $16.49 for the year, down from their prior estimate of $16.79. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Raymond James also issued estimates for goeasy’s Q4 2024 earnings at $4.47 EPS, Q1 2025 earnings at $4.68 EPS and Q2 2025 earnings at $4.79 EPS.

A number of other brokerages have also commented on GSY. BMO Capital Markets lifted their price target on goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. National Bankshares boosted their target price on goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Desjardins lowered their target price on goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$219.89.

goeasy Stock Down 2.5 %

Shares of TSE:GSY opened at C$182.98 on Thursday. The stock has a market cap of C$3.07 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.84 and a beta of 1.87. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31. goeasy has a 12-month low of C$150.06 and a 12-month high of C$206.02. The business’s 50 day moving average is C$171.05 and its 200 day moving average is C$179.23.

goeasy (TSE:GSY) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$4.32 EPS for the quarter, beating analysts’ consensus estimates of C$4.16 by C$0.16. goeasy had a return on equity of 25.28% and a net margin of 33.40%. During the same period in the previous year, the firm earned $3.81 earnings per share.

goeasy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were paid a dividend of $1.17 per share. The ex-dividend date was Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.56%. goeasy’s payout ratio is 30.45%.

Insider Activity at goeasy

In other news, Senior Officer Patrick Ryan Doris Ens acquired 3,050 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of C$172.62 per share, for a total transaction of C$526,491.00. Also, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$175.58, for a total value of C$316,051.56. 22.05% of the stock is currently 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.