$299.89 Million in Sales Expected for Curo Group Holdings Corp (CURO) This Quarter
Wall Street brokerages predict that Curo Group Holdings Corp (NYSE:CURO) will post sales of $299.89 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Curo Group’s earnings, with the highest sales estimate coming in at $300.79 million and the lowest estimate coming in at $298.70 million. Curo Group posted sales of $266.99 million during the same quarter last year, which would indicate a positive year over year growth rate of 12.3%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 7th.
According to Zacks, analysts expect that Curo Group will report full-year sales of $1.09 billion for the current year. For the next year, analysts expect that the firm will report sales of $1.24 billion, with estimates ranging from $1.22 billion to $1.26 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Curo Group.
Curo Group (NYSE:CURO) last posted its quarterly earnings data on Wednesday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.27). The firm had revenue of $283.00 million for the quarter, compared to the consensus estimate of $277.27 million. Curo Group had a positive return on equity of 262.11% and a negative net margin of 0.13%.
In other news, EVP William C. Baker sold 56,844 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $31.53, for a total value of $1,792,291.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 48.35% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Nantahala Capital Management LLC raised its stake in Curo Group by 23.5% in the second quarter. Nantahala Capital Management LLC now owns 1,229,999 shares of the company’s stock valued at $30,688,000 after purchasing an additional 234,400 shares in the last quarter. BlackRock Inc. grew its stake in shares of Curo Group by 40.4% during the 3rd quarter. BlackRock Inc. now owns 791,600 shares of the company’s stock worth $23,929,000 after acquiring an additional 227,724 shares during the period. Hood River Capital Management LLC bought a new position in shares of Curo Group during the 2nd quarter worth $18,372,000. Columbus Circle Investors bought a new position in Curo Group in the 3rd quarter worth about $11,317,000. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in Curo Group by 79.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 319,273 shares of the company’s stock worth $9,652,000 after purchasing an additional 141,719 shares during the period. Institutional investors and hedge funds own 48.60% of the company’s stock.
NYSE:CURO traded down $0.47 during trading hours on Friday, hitting $13.68. 3,642 shares of the company traded hands, compared to its average volume of 488,978. The stock has a market cap of $650.80 million and a P/E ratio of 7.45. Curo Group has a twelve month low of $12.84 and a twelve month high of $32.20. The company has a debt-to-equity ratio of 88.29, a current ratio of 8.69 and a quick ratio of 8.69.
About Curo Group
CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.
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