Q1 2024 Earnings Estimate for goeasy Ltd. (TSE:GSY) Issued By Cormark

goeasy Ltd. (TSE:GSY) – Investment analysts at Cormark boosted their Q1 2024 EPS estimates for goeasy in a report issued on Thursday, April 18th. Cormark analyst J. Fenwick now expects that the company will earn $3.82 per share for the quarter, up from their prior forecast of $3.71. Cormark has a “Buy” rating and a $200.00 price objective on the stock. The consensus estimate for goeasy’s current full-year earnings is $16.58 per share. Cormark also issued estimates for goeasy’s Q3 2024 earnings at $4.41 EPS, Q4 2024 earnings at $4.67 EPS, Q1 2025 earnings at $4.82 EPS, Q2 2025 earnings at $4.85 EPS, Q3 2025 earnings at $5.39 EPS, Q4 2025 earnings at $5.68 EPS and FY2025 earnings at $20.73 EPS.

A number of other equities research analysts also recently weighed in on the stock. National Bankshares raised their price target on shares of goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Raymond James raised their price target 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. Scotiabank raised their price target on shares of goeasy from C$145.00 to C$170.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Desjardins raised their price target on shares of goeasy from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada raised their price target on shares of goeasy from C$193.00 to C$195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$189.67.

goeasy Trading Down 0.1 %

Shares of goeasy stock opened at C$175.09 on Monday. The firm’s 50-day moving average price is C$165.70 and its two-hundred day moving average price is C$149.11. goeasy has a 12-month low of C$87.00 and a 12-month high of C$180.10. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25. The company has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.84 and a beta of 2.03.

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 analysts’ consensus estimates of C$3.92 by C$0.09. The firm had revenue of C$338.11 million for the quarter, compared to the consensus estimate of C$340.35 million. goeasy had a net margin of 33.21% and a return on equity of 25.77%.

goeasy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from goeasy’s previous quarterly dividend of $0.96. goeasy’s dividend payout ratio (DPR) is 32.32%.

Insider Activity at goeasy

In related news, Director David Ingram sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total value of C$4,727,400.00. 22.53% of the stock is owned by company insiders.

goeasy Company Profile

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.