FY2024 Earnings Forecast for goeasy Issued By Scotiabank

goeasy Ltd. (TSE:GSY) – Stock analysts at Scotiabank dropped their FY2024 earnings estimates for goeasy in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Hardie now expects that the company will post earnings per share of $16.41 for the year, down from their prior forecast of $17.38. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Scotiabank also issued estimates for goeasy’s FY2025 earnings at $19.08 EPS and FY2026 earnings at $21.52 EPS.

Several other equities research analysts also recently issued reports on GSY. Desjardins lowered their price objective on shares of goeasy from C$215.00 to C$210.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. National Bankshares lifted their price target on goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price target on goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, goeasy presently has an average rating of “Moderate Buy” and a consensus target price of C$219.89.

goeasy Price Performance

TSE GSY opened at C$170.87 on Monday. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97. goeasy has a 52-week low of C$150.06 and a 52-week high of C$206.02. The business has a 50 day simple moving average of C$169.78 and a 200 day simple moving average of C$180.01. The stock has a market cap of C$2.87 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 0.84 and a beta of 1.87.

Insiders Place Their Bets

In other goeasy news, Senior Officer Jason Mullins sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total transaction of C$429,400.00. Also, Senior Officer Michael Anthony Eubanks sold 1,800 shares of goeasy 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 value of C$316,051.56. Insiders own 22.05% of the company’s stock.

goeasy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were paid a $1.17 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.74%. goeasy’s dividend payout ratio is 30.45%.

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.