goeasy (TSE:GSY) Announces Earnings Results

goeasy (TSE:GSY) issued its earnings results on Thursday. The company reported C$1.02 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$390.04 million for the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%.

goeasy Stock Up 6.3%

Shares of GSY traded up C$2.94 on Friday, hitting C$49.90. The company’s stock had a trading volume of 327,248 shares, compared to its average volume of 253,302. The firm’s fifty day moving average price is C$44.56 and its 200-day moving average price is C$59.89. goeasy has a fifty-two week low of C$27.60 and a fifty-two week high of C$216.50. The company has a quick ratio of 28.46, a current ratio of 28.22 and a debt-to-equity ratio of 599.13. The firm has a market capitalization of C$800.10 million, a price-to-earnings ratio of -3.06, a P/E/G ratio of 0.84 and a beta of 1.39.

Wall Street Analyst Weigh In

GSY has been the topic of a number of analyst reports. Scotiabank lowered goeasy from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$55.00 to C$39.00 in a report on Tuesday, April 28th. BMO Capital Markets lowered their price target on goeasy from C$45.00 to C$36.00 in a report on Wednesday, May 13th. 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 research report on Wednesday, July 29th. Desjardins decreased their price objective on shares of goeasy from C$47.00 to C$38.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Finally, National Bank Financial raised their target price on shares of goeasy from C$34.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently 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.