goeasy (TSE:GSY) Announces Quarterly Earnings Results

goeasy (TSE:GSY) issued its quarterly earnings results on Tuesday. The company reported C($1.90) earnings per share for the quarter, FiscalAI reports. goeasy had a negative return on equity of 16.05% and a negative net margin of 10.51%.The company had revenue of C$412.86 million for the quarter.

goeasy Price Performance

Shares of GSY traded down C$0.81 during mid-day trading on Thursday, hitting C$28.61. The company’s stock had a trading volume of 134,629 shares, compared to its average volume of 314,113. The company has a current ratio of 23.15, a quick ratio of 28.46 and a debt-to-equity ratio of 543.86. The firm has a 50-day simple moving average of C$42.23 and a 200 day simple moving average of C$99.60. The firm has a market capitalization of C$458.73 million, a P/E ratio of -2.65, a P/E/G ratio of 0.84 and a beta of 1.05. goeasy has a 1-year low of C$28.42 and a 1-year high of C$216.50.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. ATB Cormark Capital Markets cut goeasy from a “moderate buy” rating to a “hold” rating and decreased their target price for the stock from C$85.00 to C$42.00 in a research note on Thursday, April 2nd. BMO Capital Markets dropped their price target on goeasy from C$45.00 to C$36.00 in a research note on Wednesday. Desjardins reduced their price objective on goeasy from C$64.00 to C$47.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. TD Securities reduced their price objective on goeasy from C$44.00 to C$36.00 and set a “hold” rating for the company in a research note on Thursday, April 2nd. Finally, Raymond James Financial reduced their price objective on goeasy from C$50.00 to C$46.50 and set a “market perform” rating for the company in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$39.61.

About goeasy

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.