FY2024 Earnings Estimate for goeasy Issued By Desjardins

goeasy Ltd. (TSE:GSY) – Analysts at Desjardins cut their FY2024 earnings per share (EPS) estimates for goeasy in a note issued to investors on Monday, January 27th. Desjardins analyst G. Ho now expects that the company will earn $16.63 per share for the year, down from their prior forecast of $16.79. Desjardins has a “Buy” rating and a $210.00 price objective 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 $4.38 EPS and FY2025 earnings at $19.74 EPS.

goeasy (TSE:GSY) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$4.32 earnings per share for the quarter, beating the consensus estimate of C$4.16 by C$0.16. goeasy had a return on equity of 25.28% and a net margin of 33.40%. During the same period last year, the business earned $3.81 earnings per share.

GSY has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. National Bankshares upped their price target on goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$219.89.

goeasy Price Performance

Shares of TSE GSY opened at C$184.11 on Thursday. goeasy has a twelve month low of C$150.21 and a twelve month high of C$206.02. The company has a current ratio of 15.97, a quick ratio of 28.46 and a debt-to-equity ratio of 289.31. The firm has a 50-day moving average of C$171.31 and a two-hundred day moving average of C$179.26. The company has a market capitalization of C$3.09 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.84 and a beta of 1.87.

Insider Transactions at goeasy

In related news, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$175.58, for a total transaction of C$316,051.56. Also, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the business’s stock in a transaction on Friday, November 15th. The stock was bought at an average price of C$172.62 per share, with a total value of C$526,491.00. 22.05% of the stock is currently owned by insiders.

goeasy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued 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 dividend yield of 2.54%. goeasy’s payout ratio is currently 30.45%.

About goeasy

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.