Desjardins Has Optimistic Outlook of goeasy FY2024 Earnings

goeasy Ltd. (TSE:GSY) – Research analysts at Desjardins increased their FY2024 earnings per share (EPS) estimates for shares of goeasy in a research report issued to clients and investors on Sunday, November 10th. Desjardins analyst G. Ho now forecasts that the company will post earnings of $16.79 per share for the year, up from their prior estimate of $16.61. Desjardins currently has a “Buy” rating and a $210.00 price target on the stock. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Desjardins also issued estimates for goeasy’s Q4 2024 earnings at $4.54 EPS.

Several other analysts also recently commented on GSY. National Bankshares lifted their target price on shares of goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on goeasy from C$202.00 to C$207.00 in a report on Monday. Finally, Scotiabank upped their target price on goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$219.89.

goeasy Price Performance

TSE:GSY opened at C$173.74 on Wednesday. The company has a market cap of C$2.92 billion, a P/E ratio of 11.30, a P/E/G ratio of 0.84 and a beta of 1.87. The firm’s fifty day moving average price is C$179.60 and its two-hundred day moving average price is C$184.04. goeasy has a one year low of C$121.49 and a one year high of C$206.02. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46.

goeasy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a dividend of $1.17 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.69%. goeasy’s dividend payout ratio is presently 30.45%.

Insider Activity

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total value of C$846,000.00. Also, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$175.58, for a total transaction of C$316,051.56. 22.05% 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.