National Bank Financial Comments on goeasy FY2024 Earnings

goeasy Ltd. (TSE:GSY) – Stock analysts at National Bank Financial decreased their FY2024 earnings estimates for shares of goeasy in a research report issued to clients and investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $16.63 per share for the year, down from their prior estimate of $16.90. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share.

goeasy (TSE:GSY) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$4.32 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $3.81 EPS.

A number of other analysts have also recently weighed in on GSY. BMO Capital Markets raised their price objective on goeasy from C$202.00 to C$207.00 in a research report on Monday, November 11th. National Bankshares increased their price target on shares of 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, Desjardins decreased their price target on goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$219.89.

goeasy Price Performance

Shares of GSY stock opened at C$167.64 on Wednesday. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97. The firm has a market capitalization of C$2.82 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.84 and a beta of 1.87. The stock has a 50 day moving average price of C$170.97 and a 200 day moving average price of C$178.69. goeasy has a 52-week low of C$151.80 and a 52-week high of C$206.02.

goeasy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued a dividend of $1.17 per share. The ex-dividend date was Friday, December 27th. This represents a $4.68 annualized dividend and a yield of 2.79%. goeasy’s dividend payout ratio is presently 30.45%.

Insider Buying and Selling at goeasy

In other goeasy news, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of C$172.62 per share, with a total value of C$526,491.00. Also, Senior Officer Michael Anthony Eubanks sold 1,800 shares of the 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 value of C$316,051.56. 22.05% of the stock is currently owned by 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.